The Benefits of Business Coaching for Business Owners & Founders
Steering the ship of a business is can be both exhilarating and challenging. Decisions made can have a profound impact on the entire company and its performance. It’s in this context that personalized business coaching emerges as a powerful tool for business owners to not only navigate the complexities of their roles but to thrive and excel.
I’ll dive into the various advantages and positive outcomes that business coaching brings to owners and founders as a not-so-secret weapon.
The Dilemma: Where to Focus?
Many business owners and founders often grapple with the question of where to focus their efforts for maximum impact. When you can hone in a few important areas, you’ll find that the pieces come together, you’re gaining traction and able to create sustainability in your company.
While it's not uncommon to feel pulled in multiple directions, the key to overcoming this lies in a strategic and intentional approach to where you direct your attention.
There are two areas that support yours and your business’ growth: personal and strategic initiatives.
Unleashing Prosperity: Navigating Growth, Freedom, and Flexibility
One of the reasons I’m so fired up working with business owners and founders is because I want each and every owner to experience the growth and expansion running a business offers - if you want to grow as a person, your business is a great teacher - am I right?
Creating Your High-Level Team
One of the toughest aspects of running your business is wearing the many hats it takes to run your company.
However, to get yourself out of the spin cycle of your days, investing in building a high-performing team can elevate not only the space you can gain in your business to focus on strategy and goals, but to elevate your company’s results.
Through my work with my clients who are successful business owners and founders, we’ve been able to elevate their impact and overall company performance by embracing three core steps in building high-level support in their businesses:
How to Delegate
If you’re like many Business Owners and Founders, you’ve found a way to delegate to your team members.
What I hear, however, is sometimes you feel like you’re doing a great job and other times it feels like you and your team member are speaking two different languages.
If you feel your delegation is hit or miss, don’t worry, I’ve got a resource for you!
First, why is it important that we delegate in our businesses?
I suspect you know the answer to this already.
This will help you for 2023…
One of the common topics that I notice come up from Founders and Owners is how to manage the multiple priorities they have.
There are so many hats we wear that we often have many similarly prioritized initiatives going on at the same time: from managing a newer member of your team, to pricing your services for next year to planning marketing initiatives. The list can be endless.
And they’re all important.
Sometimes, it feels impossible to chose what to focus on next because it IS nearly impossible. They all have to be done!
While everyone’s situation can be somewhat unique, what I do know is this: when we focus on the many, progress is slow; when we focus on the few, we speed up.
Why is it so hard to grow?
Has this thought ever gone through your mind?
You keep pouring more of your efforts in but you can’t seem to grow beyond the level you’ve achieved in your business.
You’ve been hitting the same revenue line for the last while, or maybe even the last couple of years and you can’t seem to go beyond, no matter what you do.
Beyond our plans or intentions, there’s a barrier we can’t seem to break.
The pain of this is you want to expand your company and want to hire or build on the services you offer, but without solving this revenue plateau your hands feel tied…
How do you rejuvenate?
Happy May 1st. I simply wanted to take the time to send a note to say that I appreciate you hanging out on my email list.
And, I hope this weekend is filled with moments of ease and rejuvenation.
Filled with pauses where you get to slow down and just BE.
One of the topics that like to talk about, but haven’t in a while is the need for space and a sense of balance. Not work-life-balance, per se but creating a sense of space that balances and offsets the busy moments (ahem – busy stretches.)
Holding on doesn't make your company more valuable
Our vision is to see more purpose-driven companies excel and sustain through generations, making a positive lasting impact on the world.
How does my company contribute to this?
We coach founders & owners to grow by adding transferrable value, create a succession platform and take a vacation.
Part of lasting through generations is capturing the brilliance, savvy and know-how of you, the founder and owner, to ensure you don’t leave a knowledge gap when you decide not to be directly involved in your business anymore.
Your knowledge is gold and is the foundation of how your company started and what contributes to its ongoing success.
Even if you are aren’t thinking about passing your business to another in the future, or at the point where this has even entered your mind; capturing and transferring knowledge is a skill that takes practice and planning. It’s possible and it doesn’t have to be perfect or complex. And, it can be a process that evolves.
Growth is about less not more
When I was younger I loved to dance. (Well I still do, but I actually took lessons and performed in my youth). What I admired about professional dancers was their athleticism, their grace and their superb amounts of skill. The way they could capture an audience and tell a story through movement.
What I learned was in order to get to be so skilled and master their craft, they practiced all the time and often practiced the basics. Like a musician mastering and warming up with scales. It’s the foundational steps and method that help them to hone their craft. It’s focussing on the foundations of their craft that built the muscle memory and capacity that they have today. The ballet dancers always came back to their pliés.
When I hear and speak to business owners and founders today who want to grow their companies, some of them have all sorts of plans and initiatives. I always love hearing about their plans and vision. It’s inspiring. Until I hear about their method…
Are you feeling confident about the future?
Several years ago my husband and I were asking questions like: Will we have enough to retire? How much is ‘enough’? What do we need? What do we want our future to look like?
We’ve both worked in the financial industry and we have a good understanding and knowledge of personal finance. However, we wanted more than our general understanding and wanted to speak with an expert in retirement planning.
We explored possibilities and chose someone who we love working with and has the expertise we needed.
Once we made that move I felt incredibly relieved. Like a weight had been lifted off my shoulders because we now have a plan built for us.
And, I feel more confident in our ongoing day-to-day financial decisions because I know where we are in relation to where we are going with our ‘plan’. It was a very smart decision for us and I’m so thrilled we made it.
Getting help in the areas you need it is important. We can’t be all the things.
And we don’t know what we don’t know.
You can apply this to a number of areas in life.