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.
McKinsey and Company says e-grocery shopping, virtual healthcare visits, and home nesting are likely to endure beyond the COVID disruption. But they argue that remote learning, leisure air travel,...
In marketing everything has migrated to online. Lead generation budgets are being redirected to social media and website/SEO improvements. Many marketing dollars previously allocated to in-person events and direct marketing efforts are being redirected now due to the pandemic. The majority of marketers now say that much of their lead generation budgets will be spent on social media, website or SEO improvement, and that email or automation will account for a significant amount of budget in the year ahead too. Content in video format is the most effective at building relationships to generate leads that convert. When building loyalty and trust with an audience to build relationships, creating and distributing content is essential. Marketing professionals agree that content in video format is most effective at building relationships to generate leads that convert. Educational content such as webinars and original research are also effective. Finally social media, email marketing, and website/SEO lead the way as the most effective channels for building relationships for lead conversion. Developing an overall strategy of how all of your marketing tactics connect and work together as part of your customer journey is an important step to building stronger relationships now.
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?
I 100% agree with @Erik Bigalk. It is also widely known that successful biz owners put their success down to 70% mindset, not their business idea or skills.
Life and mindset coaching can help you create the ideal psychological state and life-setting to be in for growth - and that is essential for your business growth too. If you're facing challenges in your personal life, these would be affecting your beliefs about yourself, perspective, focus, motivation, resilience etc. These are all integral parts of your business mindset.
As humans, we can't separate one aspect of ourselves or lives from another. They're all interconnected. And in fact, as I've coached many very successful business owners - I can tell you that those who had not previously taken up personal development alongside their biz development, were struggling to enjoy their material success. And what is the point of reaching your financial or professional goals if they don't bring you fulfillment...?
Hope that helps. Happy to answer any other questions!
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.
Every industry has been impacted differently in recent months. How is your business seeing through this period? Whether you're in accounting, law, marketing, PR or otherwise, we'd love for you to...
For me as a marriage celebrant, it was a bit of a shock at the beginning of the lockdown as we really didn't know what we are facing, as well as weddings were limited to only 5 people for some time, then 10, 20 and we can now see how it's slowly opening up for outdoor venues - at least in NSW.
So I actually used this situation to develop the option of the small wedding at my place in my backyard garden, of course, following the Covid regulations, as they change. Surprisingly enough this alternative actually worked for many couples. Whether it was because of the mandatory regulations, or because couples actually liked the idea of avoiding the big demanding wedding scenario and going with a small intimate wedding ceremony.
At least this way, I could offer couples a nice alternative option to tie the knot.