5 Benefits of Business Coaching for Your Business

What makes a business successful? Passion for it? Good management decisions? Smart investments? Yes, yes, and yes. All of these elements are critical to the success of your business. But they’re all just a piece of the puzzle. 

An often-overlooked piece is a business coach.

Did you know that a third of all Fortune 500 companies use business coaching services? No? Well, that’s because many business owners don’t want to discuss their biggest secret weapon…the business coach. But that’s what we’re here to discuss.

What business coaching is, what it isn’t, and how it can help you. Let’s start with the basics…

What is Business Coaching?

As a business leader, it’s normal to have questions like:

  • Is my business growing as fast as it should?
  • What can I do to scale my business further?
  • How can I make things less dependent on me?

Sometimes, you can get too much in your head and can’t find the answers to these questions. All of this is normal. If you want to find answers to these questions, business coaching services might be just what you need.

A business coach is a person properly trained to help you come up with answers to these questions and help you reach your business goals. So instead of letting your mind run in circles, you can work with a business coach and learn how to upscale your business at the right time.

What Business Coaching Isn’t

To fully utilise a coach, not only do you need to know what business coaching IS, but you also need to know what it ISN’T. Some problems require other experts and solutions. A business coach isn’t an accountant, a lawyer, or a consultant who will give you legal or financial advice.

A business coach also isn’t a personal mentor. While mentorship has its perks, anyone can become your mentor – a business coach must be properly trained in understanding the complexities of businesses and how to help you reach your goals.

5 Benefits of Business Coaching

The fact that nearly 20% of business coaching clients report a 50X ROI should tell you how impactful coaching services can be. However, you’re probably more interested in hearing about the specific benefits of having a business coach. Let’s take a look.

1. Help You Get a Better Perspective

By looking at matters differently, you can obtain clarity and insights you would never have thought of yourself. Having proper training, a coach is prepared to deal with different scenarios and help you gain an unbiased view.

A certified coach has the ability to see issues and solutions some entrepreneurs may have never noticed. So, if you ever feel like your thinking is stuck in a loop, getting an outside perspective can help.

2. Improve Your Business Skills

As we mentioned earlier, while anyone can be a mentor, no matter the credentials or experience, business coaching is a bit more serious. Business coaches require specific training to help you understand advanced business concepts.

For example, if you’re a marketing whiz but are struggling with financials, your coach can break down complicated topics in ways that are easy for you to understand and put into practice.

3. Boost Your Confidence 

No matter how great of a business person or entrepreneur you are, it’s easy for self-doubt to creep in every now and then. It’s inevitable because you don’t always have the answers or solutions immediately, which can be discouraging.

Having a coach is like having someone who believes in you no matter what, and who can advise you on staying motivated and overcoming obstacles.

4. Sharpen Your Decision-Making

Making the right decision at the right time might make a difference between failure and success. It’s easy to think you’ve made the best decision until something goes wrong, so it pays off to have a second opinion.

Your coach can help you weigh out different options and advise on decisions that are most likely going to work out well in the long run. Once you develop your decision-making skills, you’ll never have to deal with anxiety from making the wrong choices.

5. Help You Stay Accountable

Having someone to answer to can be a great way to stay accountable for your business and goals. Your coach will always push you towards staying on track and won’t let you give up until you’ve achieved what you set out to do.

Plus, having someone who will challenge you and keep you motivated is really helpful, even when you don’t feel like it.

Get in Touch With Your Business Coach Today

There’s a good reason why so many successful people work with coaches – it simply works. The benefits are both highly valuable and diverse. Everyone serious about self-improvement needs to have a business coach on their team.

If you want to work with a certified coach, you should contact Boardroom Advisers. Our coaches are professional and certified, so you can rest assured you’re placing your business in the most capable hands.

Get a better perspective on how to grow your business, stay accountable and make sure to reach your goals – contact Boardroom Advisers today!

Written by: John Courtney

John is highly ranked in the Top 100 UK Entrepreneurs list by City AM and is winner of the Lifetime Achievement Award from techSPARK. He has been a Board Director himself for over 40 years and first started placing Non-Executive Directors over 25 years ago. John founded and ran seven of his own businesses including a Management Consultancy for 10 years, a Corporate Finance offering for 10 years and a mid-sized Digital Agency for another 10 years.