Monday, June 10, 2013

Benefits of Business Coaching

Benefits of Business Coaching

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Business coaching has risen in popularity but it’s understandable simply because of the amazing results it offers. You will find entrepreneurs, though, who try to reduce costs since they think coaching won’t translate into fast improvements in their profits, which is an error. On the other hand, there is nothing that can help you in making your business more efficient and profitable more quickly than business coaching. In this article, we will be taking a look at a number of the benefits of business coaching and how it can help your profits.

Hard Questions

The quality of the conversations you have in your business largely determines how successful you will be. In many organizations difficult topics or problems don't get properly discussed. The culture is such that everyone avoids talking about potential areas of conflict but this is not healthy for the business.
As the leader of the business a key part of your role is to enable and facilitate more courageous conversations.

You will find this easier if you're working with a business coach because it's their job to ask you the hard questions and to challenge you to really get to grips with what's happening in the business.

Honest Feedback

One of the most immediate benefits of business coaching is having a fresh pair of eyes looking at your business. Business coaches are there to give you really honest feedback in a way that family and friends might find awkward.

New skills and knowledge

Many small business owners are 'accidental entrepreneurs' ie. they didn't necessarily plan on owning a business, it just sort of happened when the opportunity came up.

Because of this they may not have been well-prepared and just simply learned how to run a business as they went along. However this often means they have knowledge gaps.

Business coaches can fill these gaps quickly. Importantly for busy business owners it can be done at your convenience at times and locations that suit you.

Business Results

One of the most valuable benefits of business coaching is being able to achieve more results. Business coaches can seem expensive but if they generate a return on investment that more than compensates for their cost then you'll consider it a wise investment.
Consequently, it is in their interest to push you to achieve much more than you would have done without them. So, expect to be stretched. You will be pushed to set bigger goals and held accountable on a regular basis to achieve them.

Sounding board

One of the major benefits of business coaching is the ability to work with an impartial ‘thought partner’ who you can discuss problems with and who’ll give you objective and honest feedback on your performance and how to improve it.
The success of business coaching comes through the relationship that develops between coach and client. The more comfortable you feel with your coach as a confidante the more you will feel you're getting something out of it.
A coach is 100% committed to helping you achieve your goals so the more you can open up and be honest the more they can facilitate your success.

Personal Development

Whilst the intended beneficiary of business coaching is the business, the focus of the coaching is actually the business owner and the other people in the business who have influence over it's performance.
Therefore, one of the other benefits of business coaching is self improvement which has a knock-on affect in other areas of your life.

Business Coaching Questions:

  1. What stage of development is your business at?
  2. What challenges are you facing currently?
  3. What knowledge gaps do you have as far as running a business is concerned?

Benefits of Business Coaching

ü      Spend less time working in your business and more time working on it
ü      Make more profit in less time
ü      Focus on what is fundamental to be done now
ü      Establish better business processes
ü      Offer better customer service
ü      More motivated staff
ü      Delighted customers
ü      More customers
ü      More focused marketing strategies
ü      Better team structures / roles and responsibilities
ü      Staff have better understanding of company’s vision and values
ü      Reinvigoration of a fresh vision for your business (and renewed passion)
ü      More robust business
ü      Clarity of where your business is heading
ü      Better planning
ü      Greater enjoyment at work
ü      More in control
ü      Continually improving and refining processes

For more details on our coaching programs CALL 9322881694 or email at mapledreams22@yahoo.com

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A rainy day like today...

A rainy day like today is a perfect occasion to reflect within. The dark grey rooms can be lit up with your radiant dreams. Write your goals. Think about your strategic plans to achieve them. Play some kishore kumar songs and as you sip on that kadak chai...evaporate your limitations in thin air...forget what the world thinks about you...and decide to live your dreams
- Mohnish Nair