Business coaching is a structured approach and coaching service to help you be better at running or growing your business. It covers productivity, leadership skills, cultivating good habits and helps solve business issues in areas such as cash flow, profitability, brand and product development.
When should you get business coaching services?
You should find and hire business coaching services when you’re starting a business, or your business have become stagnant or need to stem losses. Business coaches are also best for when you’ve run out of ideas, require constructive feedback or need help in cash flow, product and brand development.
How much are business coaching services?
Small business coaches can charge a retaining fee or charge by the hour, starting from around $70 an hour. Corporate level coaches can
start from at least $100 an hour. You can also buy package deals covering several services such as business plan and goal setting.
What is a small business coach?
A small business coach is specialised in coaching small business owners to run their businesses and work on personal development. They possess different skills to business coaches who deal with big businesses and C-level execs. You can hire small business coaches before starting a business, unlike corporate coaches.
What are mentoring services?
Mentoring services are provided by a business mentor and is a more informal relationship compared to a business coach. A mentor is a role model or business idol who guide and expand your network and business opportunities. Mentoring services may be free, depending on the mentor and relationship you build.