Being a business owner or in a leadership role at your company puts a lot of stress on you. The burden of bringing in new business, ensuring that your workers can support their families (all while maintaining your own work-life balance), and meeting the needs of your customers is a lot to put on your shoulders. It can quickly become overwhelming and stressful. This is where a coach can help. And here are the five major benefits of hiring a business coach:
- A coach will help you see the bigger picture
It is so easy to sink yourself into the daily grind of running a company. When you’re focused on the day-to-day, your long-term goals quickly end up on the backburner. A business coach can assist you in developing long-term plans and formulating goals for the success of you and your business.
- A coach will tell it like it is – even if you don’t like it
You became a businessperson and you decided to run your own company. Being independent and autonomous is in your bones. But even though you’re open to hearing other people’s views, you won’t always get an honest answer from someone whose salary you pay. A business coach, on the other hand, will have no problem in telling you the hard truth about your life and business. These hard truths might not be fun to hear, but the change in perspective may be just what you need to get things back on track.
- A coach will be your sounding board
Two heads are better than one. Getting someone to bounce ideas off of and brainstorm scenarios with is a valuable addition to your business. A coach will help you come up with an idea, map it out and create a plan that outlines how to get it done. Merchant Capital Ryan Cohen states that “A coach understands how to solve human problems, how to motivate, and how to see things for what they are. This is an invaluable investment in your business, but most importantly in yourself”
- A coach will guide your management style
A business coach’s main task is to expose human resource problems and ineffective processes. Just as they help make the company a success, they must always make sure those around you do the same. The right coach will advise on staffing-level troubleshooting to ensure you still have a solid, committed team around you. Eric Schmidt, the former CEO of Google, swears by business coaching saying that getting a coach was the best advice he ever got, “People struggle to see themselves as others see them and a coach can put this all into perspective.”
- A coach will bring life and work into balance
Your professional and personal life as an entrepreneur will comingle quite often. However much you try to isolate them, there is going to be some overlap. Stress at work doesn’t go away when you walk through your front door and when you’re at the office, your personal challenges still sit heavy on your mind. Your coach should be able to guide you through strategies to find a balance between the two and make improvements both in your personal life and professional career.