Do you need help to take your business to the next level? Investing in a business coach is one of the best decisions you can make. A business advisor can provide invaluable ideas and strategies to help you reach your goals. They will listen, ask questions, empower you, and push you towards success. I know this from personal experience.
In 2002, I was the general manager of Nelson Books, one of the fourteen divisions of Thomas Nelson Publishers. In eighteen months, we had gone from last to number one in terms of revenue growth and profit margin. I was proud of myself and my team for the results we had achieved. But I knew that continued growth would be difficult without help.
That's why I decided to hire a business coach. Since then, I have had a formal business advisor with the exception of very short transition periods. It's been the best investment I've ever made in my professional life. That's why I'm so passionate about coaching and why our BusinessAccelerator training program is the most important thing we do at Michael Hyatt & Company. A business coach can help you in almost every aspect of your company, from developing business plans to setting goals and refining business practices.
They act as a filter, directing and guiding your ideas to make them productive for you and your business. They can also give you an edge in developing business basics, such as business plans and revenue projections. As your business grows, your role will evolve into increasing manageability. Coaches will help you navigate difficult business problems and decisions, and will help lay the groundwork from the start to be able to handle some of the big and inevitable management storms ahead. They will also help improve your management and leadership skills. No matter what stage your business is at, hiring a coach is worth considering.
It may not be cheap, but it could be worth the investment depending on what you need. Alternatively, there are a bunch of other options available that could give you the results you're looking for. Research by the International Federation of Coaches has shown that 70% of small business owners who have hired a coach have seen an increase in work performance, 86% have seen a return on investment, and 99% were happy with their decision. A recent report by Keap and Emergent Research found that 94% of small business owners surveyed identify specific financial goals for their business, yet only 65% are confident that they will achieve them. If you're looking for expert advice, expert ideas, or just a boost of spirits, a small business advisor can help you take your business wherever you want it to go. You'll love the opportunity to network in a community of inspirational entrepreneurs, make new friends and business partnerships as you build your business. But don't worry about not being able to hire a business coach because the truth is that you can't afford not to hire one. If you're interested in finding out more about our BusinessAccelerator training program, please get in touch.