Do you think there are any critical circumstances in which a business owner should call on the services of a business coach?
Preferably before they get into a "critical" position. Coaches are there as sounding boards, to look at your business (and therefore you) to give perspectives on what is happening and what you can't see for yourself because you are too involved, and to motivate and push you outside of your comfort zone. My coach did actions and challenges for the week, and things have gone forward faster than I thought they would.
I'm a small business, a startup really, but I keep looking at what everyone else is doing and they all seem so far ahead of me that I wonder if it's worth even continuing. Can anyone share any tips...
The most important lesson you can learn in managing the mental and emotional stresses of running a business is to remember this: It doesn't need to all be done at the same time.
When I first started in business I would have an idea and then work around the clock setting up business names, cards, website, online presence, branding etc until it was all done and ready to trade. Great for a initial kick-start spurt to "hit the ground running", but this is not a healthy way to run the day to day activites in a business.
Remember business is a long haul project that you are hoping will continue to provide for you for many years to come and treat it as such. Every business will have challenges and times when processes have become obsolete or superceded by new tecnology. This does not mean it needs to be fixed overnight. Learn to prioritise what needs to be done urgently and then to break down any changes or challenges into smaller manageable chunks that you can work with without going into a meltdown over the enormity of the (entire) task ahead.
Think of it like creating a scuplture from stone, chipping away slowly and pourposefully will eventually create amasterpiece whereas taking a big sledgehammer approach to any issue hoping the a heavy handed hit will resolve everything is more likely to lead to mental and emotional ruin.
Is it really necessary to hire a small business coach? In your experience, what has been the most valuable aspects of business coaching services?
If there is minimal to no downside to engaging a business coach, then why not do it? Having an indepenent external party looking at your business without emotion or ego is gold. A sample of the support available includes:
The NSW government provides access to 4 hours of free business coaching under the Business Connect program.
The ACT has the Business Growth Program providing a business review to SMEs with a turnover of $500k+ .
Queensland has Accelerate Small Business Grants Program offering $10k to engage a business mentor, coach and advisory board for 6-12 months.
In Victoria they have Small Business Mentoring Service providing low cost mentoring, programs, workshops and events. www.sbms.org.au/services.html
SA has great wine and the Startup and Early Stage Company Incentive providing matched grants of $20k-$100k for commercialisation and business development, skills development and mentoring.
NT has crocodiles and WA has mines. They probably have SME support as well.
There are grants to support women and indigenous Australians in business. There are also state specific grants for export training and support.
Any good grants specialist should be able to direct you to appropriate grants at no cost. If your grants consultant or accountant that prepares your R&D or EMDG claims have not advsed you, then they are not grants specialists.
Wishing you success.
Have you ever hired a professional business coach to come in and do sessions with your team? What are the biggest benefits of coaching in the workplace? Would you recommend hiring a workplace coach?
There are always times when providing coaching in the workplace is beneficial.
Every individual needs growth and development at different points in their lives. The important thing is to find the right coach/mentor to suit the needs of the individuals in your business.
Budgets always play a part, so if you need to provide group focused development sessions, make sure that the content can be customised by each individual so they can apply it to their circumstances and what they need. This is imperative to getting a good result and maximum 'bang for precious buck'.
Every individual is unique so they need a unique solution.
If you are budget sensitive - and let's face it, these days every dollar counts in so many ways - then don't feel like you can't provide development solutions for your employees. There are options to help you create solutions (like my Organisational Health & Wellness Planning Kit) that can take you through a more DIY process and show you how you can find free and/or low cost ways to help your team grow.
Have you hired a business coach or consultant before and was it worth it? What did you gain?
The value, that depends on the goal and the person wanting the solution.
A coach can start out with a brief that says the client wants to achieve a better work life balance, however they may soon discover that to get to that they need better organsiation of their systems.
The client may not understand th is and become disillusioned and could become resistant to the ideas and or change.
POne coach may be able to effect change with a few chats and some guidelines, yet another coach may appear of greater value by showing a slick range of bells and whistles. The client may well see the handouts, to do lists, strategic operational guides etc as being some form of wow factor. Therefore a greater percieved value.
How do I choose a business coach? Can anyone offer some advice on the best ways to find a good business coach, e.g. is it best to get referrals in your professional network or is there some sort of...
If I can make a suggestion - the first place I would start is with the International Coaching Federation - https://www.icfaustralasia.com. This is their Australasian site and there you can find coaches who have properly qualified to be a coach through an accredited program. You can also find someone in your area if you are looking for face to face or someone with the specific skills you are after from anywhere in the region.
There are also 3 levels of certification - Accredited Certified Coach (ACC), Professional Certified Coach (PCC) and Master Certified Coach (MCC).
If I can help you, please let me know.
I'm advising my eCommerce clients on a strategy plan for moving out of COVID-19 and was interested to hear what you all thought the market will look like? Thanks!
In the last six months we saw a lot of clients who had been sitting on the sidelines, being forced to take action into digitising their businesses. As others have mentioned, that is actually the easy part. The real work now begins in geting found and marketing their businessses.
Here's my three-step COVID-19 strategy plan:
One of my regular sayings is "your biggest competitor is rarely in the same town as you", and what I mean by this is that the internet creates new competitors by the hour and they can be anywhere in the world. on top of competing in your own market you are literally competing for "attention" with all those businesses.
So Step 1 is embrace the power of grouping!
This involves joinging forces with other local businesses. Create a focus point where you can identify yourself as local and make it easy to do business with you. You can share marketing costs and reach a wider audience than you could as a single business.
Think local directories and social media groups.
Step 2 is virtual selling. Think about how you are displaying and showcasing your products and services in the physical world and start to replicate those interactions virtually. Think video walkthrough of your shop, virtual 360 imagery with clickable links to your products, or building your very own home shopping show.
The technology for all these is already here and relatively cheap.
Step 3 is preparing for the unpredictability of COVID-19
We only need to refer back to what is happening at the moment in Europe to know that a spike in cases and return to lockdowns can happen at any time. Why not prepare for the fact that this could go on for much longer and start putting additional contactless meausures into place that help manage shoppers and order pickup in a safe environment?
Think QR codes, personalised apps and messaging services
Hang on for the ride, 2021 is going to be all about speed !!
Is one on one business coaching a better option than group business coaching? I understand that 1:1 coaching is customised to your unique business needs, but what benefits does group coaching offer?
When trying to coach existing business owners, what is the biggest challenge you face? Is it usually related to their attitude or inability to adapt to change?
Helping them manage 'the gap'.
Often there are two very quick realisations when coaching a business owner.
The first one is that what they think is the end result is often not what it ends up being.
The second one is where they actually (reality) are now.
Then they realise the gap and what is going to be needed to close/reduce it.
That's where the genius of great coaching lies.
Knowing - Doing - Being
Don't just think, REthink.
Has anyone opted for a business AND life coach to help with growing your business? Why did you do so? What were the benefits of having life coaching included within your business coaching package?
Yes, Great Question and thank you for tagging me @Hatty Bell
It still sometimes boggles my mind why people, especially those in business, DON'T have a coach or mentor. I mean for eons we have had masters teaching apprentices, had coaches for competative and elite sports, and have looked toward more experienced poeple or specially skilled ones for guidance, feedback, insights and suggestions so we could succeed.
When it comes to our businesses and esepcially our personal life which ultimately determines our success in business - yes, we should definitely have a coach or mentor. And, while we can excuse the expense of haviung a goodf business coach with the aim of making more money, when it comes to life coaching, what could be more important than leading a fulfilling life? If not our family and relationships, our children, partners, family and friends - what is there that we live and strive for...? After all, we cannot take money with us, nor does business accolades make our leaving this planer any more pleasant... but looking back on a rich, laughter-filled and satisfying life does.
So, yes, I cannot recommed having a coach enough.
This being said, you will need someone you can actually trust, hold in good esteem and somone you can take guidance from. They need to be experienced and a good communicator - in a way that resonates with you personally. It is not a one size fits all.
And, you may have a coach for you personally and another for your business. Perhaps, you find someone who can help on both fronts, as they are equally as important I feel. But, you need to know in the end what is most helpful to you and whom you can build a strong coaching relationship with.
One thing I know from having worked with countless business mentors, coaches, personal development professionals and my three decades of studying human behaviour and of consutling with business owners - it is paramount to look after yourself and your innermost domain in order to create the success in all areas of your life, be it career, business, projects or your the community at large...
I would not be where I am today if it was not for the amazing people I have had the privilege to work with over the years - both business and personal mentors and coaches.
Time to give back!
Meanwhile, I have been guiding and coaching young people, men, women, business owners and couples for many years. I hold qualifications in NLP, mindset and life coaching, have helped businesses grow for the past 25 years and am a quantum coach too. I want to give back, so in the times of the pandamic, I am available for a free 20-minute Orientation Call (usually enough to clarify and priorities key areas you may want to work on), and then I offer my coaching sessions for 3-session and 5-session packages on a donation basis. So, instead of the full per session or package rate - you simply pay what you can afford or what feels right to you.
Log onto www.beyondyoursuccess.net to book your Free Orientation Call and By-Donation Sessions. Best, Erik.