How to find the right business coach
May 19, 2021 1:05 pm Leave your thoughts
Is your business stagnant? Not sure which direction to go at this time of uncertainty? It might be a good moment to invest in a business coach. And you won't be alone in your search for guidance. According to the Bureau of Labor Statistics, the field of training and development specialists is expected to see an increase in job opportunities of 9% over the next decade. Americans are in search of all kinds of coaches, it seems: sports coaches as well as school and career counselors are also expected to be in high demand over the next 10 years.
Investing in the right mentoring relationship can help your business achieve goals you haven't yet imagined. Here's a look at how you can find the right person to help guide your small business to success.
Phone a friend
Asking fellow entrepreneurs about their mentors is a smart way to begin a search for the perfect business coach, Inc. advised. Ask friends why they love their coaches and how they've benefited. Who did your friends interview and not hire?
After personal discussions with close friends, widen the search to LinkedIn or other platforms you use to stay in touch with friends near or far. After all, in this era of virtual work, there's perhaps less need for a coach to live nearby. And while it might feel unsettling to reveal your need for assistance online, remember that people love making referrals and will feel happy to have a chance to share a positive experience. Think of a public request for referrals as a platform for positivity.
Determine your needs
What are you hoping the coach will help you achieve? Ruminating on this question and defining it before interviewing coaches will be essential to establishing the right relationship. Also, what kind of communication style would you like your coach to have? Are you searching for someone with a structured approach to guide you to "X" or someone open to a more freewheeling process for an indefinite amount of time?
According to Forbes, a business coach is there to help guide you toward new possibilities and hold you accountable, so it's important to choose someone whose work and communication styles mesh with your own.
Know what to pay
Opaque pricing structures are, simply, the worst. This guide from marketing professional Keshia White outlines ranges for business coaches. She suggests new entrepreneurs keep their costs low and cautions against an investment of more than $3,000 for a startup business.
More advanced small businesses looking to scale up can expect to pay up to $10,000 for tailored programs or seminars, she writes. If you're considering this level of investment, you'll want to check references: speak to someone who has participated in past sessions with your coach to ask how the training and mentorship served them.
Finally, if legal guidance would benefit your small business during this time of growth, do not hesitate to contact the us at the Law Offices of Donald W. Hudspeth, P.C.
Categorised in: Starting a Business in Arizona
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