Most entrepreneurs are innovative, hardworking, and ambitious. They often work themselves to the bone to ensure their company is successful. But what if there was a better way to get what you want without sacrificing your own self care?
We all know someone who seems to be living their dream: entrepreneurs, CEOs, and business owners who are financially successful but still make time for family gatherings, vacations, and physical and mental health. These people all have one thing in common. They work with experts in their field to maximize their success. Each of these experts have their own purpose, and a business coach is no exception. Her goal is to make your dreams reality.
Are you considering working with a business coach? Here are three questions to ask yourself before you take the leap.
Do I need a coach or a teacher?
Before you decide to work with a coach, ask yourself this question: do I need someone to support me as I navigate entrepreneurship, or am I looking for someone to explain how things work? The former is a coach, while the latter is more of a teacher. There are experts in your field who can explain how to trademark your intellectual property or file your business with the state, but their goal isn’t to help you reach your top potential. A coach generally has some experience as an entrepreneur (after all, they did start a coaching business!), but her goal isn’t to help you go through the motions. It’s to help you achieve your dreams as an entrepreneur.
It may be best to get a combination of guidance in growing your business and developing personal skills. Most entrepreneurs benefit from having a close relationship with a teacher or mentor who actually has experience in their industry creating success and can show you the way. However, you’ll likely need to work with a business coach in addition to a mentor if you want to take the advice you’re given and adjust it to fit your lifestyle and business.
Do I have the capacity to improve and expand my business?
When you work with a life coach, you’ll naturally want to change and improve your business. Are you in a position to grow your venture, or are you still in the midst of the startup phase? If you aren’t quite ready to tweak your approach to business, you may be fine holding off on business coaching. However, this isn’t the best reason to avoid coaching. Remember that there are still a lot of personal changes your business coach can help you make as you wait for your new business to stabilize. Don’t allow yourself to stagnate or be placed in a box as you build on your success.
Am I ready to invest in myself?
Your business will only grow if you’re willing to grow as an individual. Every decision you make in life may affect your business venture, so it’s time to reflect on your true goals. As a business owner or CEO, you must be emotionally and psychologically ready to become a leader. If you keep getting caught up in logistics, profit margins, and financial stressors, your leadership skills may be suffering. Even if you do manage to obtain financial success in business, you won’t be content unless your inner life is balanced and you feel comfortable in your role as an entrepreneur. So, if you’re ready to do the work on your inner self, it’s a great time to hire a business coach!