Business owners or leaders who want to grow, scale or exit their companies often hire a business coach to help them reach their goals quicker.
Is hiring a business coach a good investment?
Is it worth the time and expense?
If you’ve been thinking about hiring a business coach, firstly, it’s important to understand exactly what a business coach can do for your business. How they can support you, your team and family, what to expect from them and how it can change the perception and beliefs about your business. Reading this blog post will give you some realistic expectations of the relationship you can expect by hiring a business coach.
If you’re still wondering what it can do for YOUR business …
Here are 10 great reasons to hire a business coach:
1. Investment Not A Cost
At ActionCOACH Cheltenham we believe coaching should be an investment not a cost.
And the incredible success our clients are seeing proves this point:
“We have an impressive growth rate of 182 per cent year on year for January to May 2023 versus 2022. This has seen our staff grow from five to 11 today”.
Jared Wilson, Penguin Uniform.
Coaching as an investment has also been backed by a study of Fortune 500 businesses that found that hiring a business coach can yield returns of up to 529%, making it a worthwhile investment for any entrepreneur or business leader looking to grow and scale.
2. Identify Your Blind Spots
Having a business growth expert alongside you in your business can be invaluable in helping you see your blind spots. Their wealth of experience and knowledge can be an incredible support in keeping you on track.
Here at ActionCOACH Cheltenham, our Senior Business Coaches work with our clients to work “on” the business and not “in” the business to help them move forward to achieve their goals.
“Whatever stage you are in your business there are always new challenges coming at you thick and fast. Having regular coaching sessions with my coach at ActionCOACH Cheltenham has ensured that I am successfully mapping out the next steps and I have shifted seamlessly into working “on” my business, rather than “in” it. My coaching sessions keep me focussed and driven and as a result my business goals are achieved”.
Claire Maddox, Eurolink Connect.
3. Close the Knowledge Gap
“You don’t know what you don’t know”, so a good business coach can help you close any knowledge gaps to help keep you on track to achieve your goals.
Being part of ActionCOACH the world’s largest and most successful business coaching firm, which is 30 years old and coaches 20.000 businesses every day in over 80 countries means that our Senior Business Coaches, Billy Smith and Neil Martin have access to incredible coaching resources.
Our clients benefit from these programmes, podcasts, workshops, seminars, educational programmes and books to improve their business knowledge and ultimately progress their business growth and ambition.
“Currently in our fifth year of trading, we are seeing the real benefits of having ActionCOACH Cheltenham working with us as we make the transition from actually ‘being the business’, to continually recruiting the right people, and having the right systems and processes in place to enable us as business owners to work more on navigating the business and to give us the time to concentrate on our own quality of life”.
Simon Rhys-Davies Cotswold Heating Solutions
4. A Coach Will Hold You Accountable
One of the most powerful affects a business coach can have is holding you to accountable.
Our clients tell us that being held accountable to their written goals has been key to seeing incredible success in their business growth and profitability.
Setting goals, having a clear written plan in place and then being held accountable by a coach can be instrumental to making huge improvements in the trajectory of a business.
“We were unsure what to expect from business coaching but hoped that it would help us understand what structure we needed to put in place to run a successful business and how to make sure that we were adhering to legal requirements.
Instead, what we have found is that, while making sure we have a firm foundation, the team at ActionCOACH Cheltenham have become supporters, confidants and mentors, making sure that we are taking the time to think about the big picture; encouraging us to take time to focus on ourselves; and providing a voice of accountability to keep us on track”.
Dan Cannon, North Green Security
5. Mentorship and Unbiased Support
It can be “lonely at the top” if you’re a business leader.
Having someone alongside you, who has been in your shoes and can act as an unbiased sounding board for your vision and ambition for your business, can make the relationship with a coach a transformational one.
“You’ll often hear CEOs say that it’s ‘lonely at the top’ but working with someone with day-to-day engagement helps take the pressure off”.
“Having an honest relationship allows us to have honest discussion on any issues. I can’t understate the importance of this as you have to have trust to make such a coaching relationship work”.
Tina Seymour, Hope For Tomorrow
6. A Growth Mindset
Working with a business coach can be an opportunity to develop a growth mindset.
Having someone alongside you who is a champion of your business will help you learn and grow. They will encourage you to have a positive outlook, to sometimes work through your comfort zone, to learn and achieve more and achieve your goals.
“ActionCOACH Cheltenham’s one-to-one coaching has been a game-changer for both my business and personal life. My coach provides insightful, objective feedback and pushes me to step outside my comfort zone, fostering growth in areas I hadn’t previously considered.
The ActionCOACH methodology is not about providing temporary fixes but instilling lifelong skills that have significantly improved my decision-making, strategic planning and leadership abilities. These changes have led to tangible business growth, including an expanding customer base, increased revenue and a more motivated team.
Matthew Marshall, Pi Accountancy
7. Achieve Your Goals
Our clients work with their coach to achieve their long-term business and lifestyle goals.
These can often be within a 1,3 and 5 year framework. Breaking down those goals into achievable 90 day plans has proven to be one of the most successful ways to achieve success.
Here at ActionCOACH Cheltenham, we host quarterly 90 day planning sessions for all our clients to share their business success stories.
8. Planning for Success
Having a written plan is key to our clients’ success.
Whether their aim is for a passive income, an exit strategy, to build a business which can work without them or grow and scale – planning is key.
Together with their coach, our Gloucestershire business owner clients and leaders work on detailed plans to develop their own leadership skills and key areas of the business including time, team and money.
“The pivotal moment for us was thinking about the scalability of the business” says Managing Director of SoGlos, James Fyrne.
The systems and processes work we’ve done already will save each of our team members up to around about a day a week of their time. This isn’t just about time-saving; it’s about enhancing operational efficacy, allowing the team to focus on quality and innovation, and by extension, driving business growth.
I honestly wish that we’d had a business coach from day one … having that external support and perspective is absolutely invaluable.”
James Fyrne, SoGlos
9. Local Business Community
What you won’t often hear about hiring a business coach near you is the advantage of being a part of the local entrepreneurial community.
At ActionCOACH Cheltenham we are proud to support over 50 clients, mainly Gloucestershire-based, who in turn network and do business with each other.
They meet regularly to share their successes and best practice, join together at social events, attend our local workshops and national events, listen to our podcast, discuss our latest book recommendations and enjoy the camaraderie of an inclusive peer-to-peer business community.
With clients in sectors ranging from accountants, cyber security, HR, media and film, architects to education experts to designers, system analysts, construction to health and wellbeing, our clients tell us that being part of a local business coaching community is a valuable, fun and rewarding part of hiring a business coach.
10. Your Team and Our Team
Our team can be a part of your team!
We are passionate about supporting our clients to meet their goals and see success in their lives and business. Our whole team are enthusiastic champions of our clients and love arranging planning sessions, running workshops and social events as well as delivering exceptional, award-winning coaching.
If you’re keen to learn more about business coaching and what it can do for YOUR business get in touch. We can arrange a 30 minute gifted coaching session with Billy or Neil, our Senior Business Coaches.
Call us today on 01242 237766 or email us at cheltenham@actioncoach.co.uk.
We look forward to hearing from you!
