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Traction Inc.

31 Jan How A Good Business Coach Can Pay for Themselves

Posted at 08:00:00 by Chris Hallberg

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Hiring a business coach is an effective way of supporting you as you develop and grow your business. A good coach will help you deal with the challenges of your company and ensure you learn as you develop. But you may be wondering how much all this is going to cost you. You heard that coaches charge high fees, which could be an obstacle if you are starting out with only a small amount of finance. However, here's how a good business coach can pay for themselves and help you grow a successful venture.

Support with Decision Making

A good business coach can help you make better decisions for your business. If you are unsure whether you should branch out into a new area or stick with what you have, a coaching session could be just what you need By facilitating the conversation and getting you to evaluate your options, a coach will ask questions in a style that makes you think -- and sometimes opens up an avenue of inquiry you had not considered. All this can help you make the right business decisions.

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Raising the Game with Emotional Competence

Emotional competence is the ability to recognize one's emotional response to an issue, then deal with any negative feelings effectively. Small business coaches can help increase emotional competence and strengthen your ability to improve work situations. Although people commonly attribute problems at work to a host of alternative reasons, the real underlying problem is often emotional in nature. That's why the personal behavior of a leader can have a big impact on business.

Using small business coaching tools, an effective coach will give you ways to deal with the problems you have so that you can build your resilience for the future. This means that next time you have a challenge on your hands, the work you and your business coach did will steer you through any difficulties.

Pushing the Limits

coach can help a business develop strategies to generate more income. If something is underperforming in your company or you have a niggling doubt that things could be better, a coach can challenge you to consider alternatives and to strive for higher goals. Unlike consultants, who will just fix the problem itself, coaches will also teach you problem-solving strategies that will make you more independent. They can show you ways to drive fundamental change and rapidly move your business forward.

One of the most useful tools you can use to grow your business with coaching support is EOS®, or the Entrepreneurial Operating System®. This tool works by building teams and creating a shared vision in your organization, which helps everyone maintain focus on the job. This will make it easier for you to concentrate on the big stuff and not be distracted so that you and your team can become more productive. You'll have more confidence in facing the future.

Download the Introduction to The Business Sergeant’s Field Manual 

Trying out a coach to see if they are a good fit for you and your business is another vital part of the process. For instance, some companies provide a trial coaching session so that you can see whether business coaching will help you grow as a leader. Go take that first step today and make the connection with the world of business coaching. You'll find that small investment pays for itself when your business develops into a profitable venture.

Topics: Business Coaching