Traction Inc.

With so much emphasis on the bottom line, mentoring can sometimes take a backseat to profit and revenue; but, as any successful entrepreneur will tell you, mentoring is a crucial component of any successful business. A good business mentor builds employee confidence and morale — and by doing so, boosts motivation and enhances job satisfaction and performance.

When your business grows, you are undoubtedly thrilled. After all, expanding and becoming increasingly profitable has always been your goal. That happy expansion can also come with some serious pains. Growth alone is not enough. Your business's health requires a in-depth management plan, one a business coach can help you devise. Don't let your success do you in.

The mere mention of growth can be a scary proposition for many business owners. Without growth, however, your business can become stagnant, maybe even boring, and crumble over time. It’s important to understand why you may be resisting business growth, why growth is so important and how a small business coach  can help you develop the right growth strategy.

Hiring a business coach in Denver is pretty expensive, right? It's not worth the investment; it's just another unnecessary expense. This couldn't be further from the truth. Yes, incorporating a business coach into your business requires an initial outlay, and an on-going financial and time commitment from the team, but hiring a proven professional will usually soon pay for itself. Think of it as a long-term investment — one that will actually pay off.

Around 20 percent of all small businesses fail in their first year, and 50 percent fail by the end of their fifth. There are various reasons why people can't get their business off the ground — inadequate marketing, bad decision-making and a lack of interest from the public are just three of them. Imagine if you could identify the problems in your small business before they happened. Imagine if you could increase your chances of success. This is where a small business coach comes in. These professionals have the skills you need to take your venture to the next level. Don't be part of that 50 percent — here's why you should hire a business coach right now.

Hiring a business coach is often a great move that can help you break through boundaries and reach new goals. Forbes states that a good business coach can not only help you reach goals but can help you increase your self-awareness, improve existing strengths and build productive relationships. Unfortunately, there are some relationships that don't always work out. There are several signs that indicate it may be time to break up with your current business coach.

If you’re on the fence about hiring a business coach, you likely still have questions about their purpose. Do they just provide generic advice you can find online? Are they there to tell you how to run your business? The answer to these questions is “no,” but that still doesn’t tell you what to expect. If you’re one of the many entrepreneurs seeking a small business coach in Denver, here’s what you need to know about what they really do.

If you've set out to create a great business, you understand how difficult the road to success can be. Many people with entrepreneurial spirits, though, have recognized the fact that a business coach can increase their likelihood of building a thriving company. If you’re looking for a small business coach in Denver, your research has likely given you a lot to work with. Unfortunately, there are several business coach myths out there that could derail your success. In fact, you must avoid the following myths at all costs.

Experienced business owners know there's no need to go it alone. They have a support system of trusted peers, employees, family and friends – and the best ones also have a business mentor.

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.