FAQs

1. What are the Benefits of Hiring a Business Coach?

Working with a great business coach should produce:

✓More profit and cash flow
✓Less stress
✓A stronger team
✓More time
✓More fun
✓Fulfillment of the reasons you started this business in the first place!

While many leaders have their own personal reasons for wanting to work with a business coach, the bottom line is, business coaching services MUST produce a positive return, or it doesn’t make sense.

That is why I won’t even offer a coaching program until I’m confident the potential for significant ROI exists.

Expectation check:

· Making significant change and creating sustainable growth takes time.
· Coaching is not a magic wand, or a pill that eliminates all your challenges.
· This takes commitment.

So before we get started, it is important that we see a path to some quick wins, particularly in the areas of cash flow and profitability.

While we’ll always be aiming for measurable results, ultimately, I believe that being in business should give you more life, not suck the life out of you.

2. Business Coaching is Not?

One-on-one business coaching is not a one-size-fits-all solution; it requires a tailored approach to suit your individual business needs.

Business coaching is also not a magic pill, or a shortcut to success – it requires dedication, hard work and commitment from both the coach and the business owner. In order to achieve tangible results, it’s not enough to develop an effective strategy – you must also see it through.

Lastly, business coaching is not a done-for-you service, like hiring a consultant. Think of it like the role that a coach plays in sports: the coach is on the sidelines, helping to map out the winning plays, training you to sharpen your skills, and holding you accountable to put in the work… but at the end of the day, you are the one to drive the ball down the field and score.

3. Can business coaches help me grow my business?

Business coaches can have a huge impact on your business growth. In fact, clients of our firm report an average revenue growth of 31% year over year.

Coaches can offer a range of services that help you to identify areas for improvement, create actionable plans and execute. By providing valuable insight, guidance and support, working with a coach can help you to develop the right strategies to increase your business revenue, improve profit margins, become a better leader, and ultimately grow and achieve your goals

4. Does hiring a business coach work?

So does business coaching work? Yes, it does!

If you do.

Business coaching can be an incredibly effective tool for helping entrepreneurs and business owners make meaningful progress towards their goals… but like anything in life, you only get out of it what you put into it.

If you start by selecting a coach that is well-suited to your particular needs and knows what it takes to help you achieve your business goals, you’ll be on the right track to getting great results. You can leverage the experience and expertise of your coach, combined with your own strengths and willingness to put in the work, to help you achieve your business goals.

5. How to Prepare for Your First Meeting with a Business Coach?

Business coaches typically offer some type of introductory strategy session or complimentary coaching session as part of the discovery process.

As you prepare for your first meeting with a business coach, it’s important to remember that you should keep an open mind and be willing to be challenged. This is your chance to start building a long-term relationship with your coach, so make sure to take advantage of the opportunity.

Here are some tips that will help you get the most out of your session:

1. Do some research: Before meeting with your coach, take time to research their background and approach. A good business coach will keep the focus of the session on you and your business, rather than talking about themselves, so doing your research in advance will give you a better understanding of how they can help you grow your business.

2. Clarify your goals: Prior to your session, let your coach know what your priorities are, with specific areas of opportunity or business challenges. After all, there is no better way to know if the coach can help your business than by working through real business issues.

3. Come prepared: Make sure that you have any necessary documents or information ready to go ahead of time, including financial data, relevant metrics, or other business background information the coach requests. It won’t be as helpful if you’re only prepared to talk in generalities. If you want real results, you need to start with real data.

4. Be honest: The more honest you are during the session, the easier it will be for your coach to help you find solutions and strategies that work for you. Many business owners feel vulnerable sharing their goals and challenges, but it’s important to remember that this is a safe space, where you will be respected for where you are now and where you want to take your business next.

By following these steps to prepare for your first meeting with a business coach, you’ll be able to make the most of your session and get off to a great start.

6. Why should I hire a business coach?

If you know that you or your business are capable of more than you’re achieving now, and you’re ready for the next level of business success, it might be time to hire a business coach.

Whether you have a new business or want to grow your established business, a business coach can help you create a roadmap to improve business results.

While many business owners are well-educated, or have years of experience in your industry, chances are no one has ever taught you how to run a business! There is a difference in being an expert, and running a business that delivers that expertise.

Working with a top business coaching practice means you’ll have access to the knowledge and coaching skills that your coach has learned in working with dozens or hundreds of businesses. In other words, you can gain access to decades worth of business experience to help you learn, and get where you want to go.

7. Is a Small Business Coach Different?

Yes, a small business coach is different from an executive coach. While both types of coaching serve to help the individual or business reach their goals, they have different approaches.

A small business coach focuses on helping businesses create and implement strategies to achieve success while an executive coach will typically work with individuals on topics such as leadership development, teamwork and communication. In other words, one focuses on the business, while the other focuses on the person – although there can certainly be overlap in either type of program.

Ultimately, when it comes to deciding between a small business coach or executive coach, the mo

experience and qualifications that are necessary for your particular needs. Ask potential coaches questions about their background and experience, as well as what services they offer specifically for your size of business.

8. Who is Business Coaching for?

While some business leaders might seek out coach to help them solve a pain point, coaching is not just for business owners and entrepreneurs who “need help.” In fact, even the most experienced business leaders can enjoy the benefits of business coaching, if you want to continue to grow your business – without losing your mind or your bottom line.

Here are a few of the common sentiments I hear when businesses reach out to me:

· The company is growing quickly and you don’t want to lose control · You want to remove yourself from the business (either preparing to sell your business, or just want it less dependent on you)
· The business has hit a plateau, or you feel stuck at the same level for too long
· The level of profit doesn’t reflect how much work you’re putting in (perhaps due to margins being squeezed by price competition)
· You’re in that phase where the business is “too big to be small, but too small to be big” and it’s not clear how to get past your current phase
· The company is struggling to keep up, as opportunities outpace capacity (read: “we’re too busy!”) Here’s some good news: your challenges aren’t unique and growth constraints are predictable. If you can identify with one or more of the statements above, working with a professional business coach might be a great solution for you.

9. Local Business Coach vs Online Business Coach – What is the Difference?

When deciding between local business coaches or online business coaches, there are a few important factors to consider.

Local business coaching requires personal contact with the coach, whether in person, over video, or the phone. This one-on-one approach allows for more direct involvement from both parties and helps build a strong relationship, enabling the coach to be an effective mentor to help you build a successful business. It can also be more expensive than online coaching services, it is customized specifically to your business goals and needs.

Online business coaching is usually more focused on a coaching program rather than an individual business. Online coaching programs are designed to solve specific business challenges, which can be very effective if the program is specifically targeted in an area that you need. Online coaching programs are usually cheaper than local business coaching, as each member has little to no one-on-one time with the coach. These programs can also be self-paced, making it easier for small business owners to fit it into a busy schedule. As such, there is not as much accountability in helping you see the program through to get the results that you are paying for.

BUSINESS FOR GOOD

Every time you have a coaching session, someone from around the world gets access to an income-generating tool. So while you’re growing your own business, you’re giving others in need the opportunity to do the same.

Check out the impacts that Coach Karie and her clients  have made so far!