Count ‘Em – 5 Rules For Small Business Coaching Success
September 14th, 2010 by admin
The market place is, nowadays, full of companies offering small business coaching services to entrepreneurs like you. This is good for you as it means there is plenty to choose from if you are considering growing your business. Ensure your chances of success prior to selecting a small business coaching provider by considering the following five key factors
Have Objectives In Mind
It is critical to have objectives for your business prior to taking on a business coach, do not expect the coach to formulate these for you. Many coaching programs go astray when this happens. To save yourself money and time, brainstorm and document your vision and objectives for the business for the next 12 months at least. This data then is used by both you and the coach as a basis for discussion and further refinement.
Be Prepared To Allocate Time to Planned Activities
Will you allocate the time necessary to succeed?. The activities and tasks that have to be performed in a small business coaching program will take some extra time initially. When first building your busines you may need to dedicate extra hours to planning and designing a marketing campaign – no time, no campaign results.
Expect at least one to three hours per day to be put in (extra) if you want to see your efforts bear fruit, eventually you will be working less and earning more. That’s the goal right?
DIY Rather Than Done For You
A small business coaching program will bring the best in you – your natural creativity and flair. The coach is not there to do everything for you. Business owners sometimes think the coach will take over all tasks. Think again. You want to learn and own the knowledge from your coaching – as opposed to letting a highly paid consultant do it for you.
Coaches guide and support you in learning how to do the tasks for yourself. You get to keep the knowledge.
Be Realistic
Excellent log term results are possible with a well planned and adhered to small business coaching endeavor. These profits will take a few months to realize. You coach will, more than likely, tell you it is going to be several months before you can measure real increases in profit. Some coaches and advisors (the minority) market the promise of being able to quickly double your net profit. Do not be mislead here as long term business growth is not something that happens in a week.
Select a Coach That Guarantees Results
To lower your risk and protect your investment, ensure the coach you select has a performance guarantee. The first month is the time of greatest risk when you have engaged a consultant. Ensure you agree a period of time where you can gauge progress. If it is not to your liking you can then terminate the agreement . A “get out clause” should exist in any agreement you sign lest you find yourself locked in for 12 months without any means of escape.
Do you want FREE reports and downloads that will assist you with growing your business just like my small business coaching clients? Then check out my Melbourne Business Coaching site at http://www.profitkoach.com.au
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