Compelling Reasons to Engage a Business Coach
Academic research backed by trustworthy statistics indicate a major key to success for SMEs is the engagement of a business coach. Someone remote from your business who will provide an independent assessment of your business status and expert guidance.
Each of us are in business to achieve something, to realise an ambition, maybe improve our lifestyle or perhaps help others. Being successful could mean improving turnover, higher profits, enhanced income, altruistic activities or an enviable work/life balance. It is a personal decision.
Working with a coach creates accountability, a focus on those activities that generate real progress and motivate you towards achieving business objectives. Applying knowledge and experience a coach will provide guidance, help you think strategically as well as tactically, improve your business management skills and will challenge you, asking those essential, awkward questions we all try to avoid! Irrespective of the size of your company or where you are on your business journey working with a business coach is an essential investment in you and your business not an unnecessary expense!
For a small company or sole trader this may be considered beyond their financial means. This need not be the case, there are numerous coaches willing to work within the affordability of those with tight budgets. There are well documented, significant advantages to be achieved yet too often they are ignored much to the detriment of business development. Hence the unacceptably high business failure rate.