5 Reasons to Invest in a Business Strategy Coach for Your Small Business
Why should you invest in a business strategy coach? It's a question that pops up every now and then. Let's make this simple: You know when you're trying to assemble a complicated piece of furniture, but the instruction manual is confusing and you're not even sure if you have all the right tools? That's what running a small business can feel like sometimes.
A business strategy coach is like your personal assembly expert for your business. A coach will help you understand the "instruction manual" of the business world, show you which "tools" (strategies) you need to build and grow your business, and teach you how to use them effectively.
A business strategy coach aids you in defining your goals and formulating an effective business strategy all while providing advice, support, and accountability and helping you execute your strategy and hit your goals. But when does it actually make sense to invest time and money in a strategy coach? Here are five compelling reasons you may need one:
1. Define your true goals for the future
Most of us have lots of vision around how big we would like our business to get or what we want our lives to be like, but we rarely write these goals down and plan a way to get there. By talking through your goals with a coach you can determine feasibility and timing then create an action plan.
2. Prioritize your laundry list of growth concepts
It's a common concern: "How do I accomplish all of this? What should I tackle first?" With a coach you can work through an analysis to prioritize your ideas based on multiple factors including value, ease, and strategic fit. Together with your coach, you can come up with a plan to bring your big ideas to reality.
3. Build confidence to invest in more personnel, property, or equipment
Before making substantial investments, run a financial and risk analysis with your strategy coach to ensure you're on the right path. Brainstorm and fine-tune your plan with your coach to maximize your chances of success.
4. Ensure you are making the right decisions
The saying, "It's lonely at the top," rings true for many business owners. There are times when you need to discuss your ideas with someone else, someone who can provide unfiltered, qualified input. That's where your business strategy coach comes in.
5. Identify and mitigate business risks
Business isn't all about growth. Being aware of potential issues is critical. Under the guidance of your strategy coach, you can pinpoint those risks and decide whether they
need addressing. If so, you can work together to devise a clear action plan to either reduce the risk or adapt the business model.
As a business coach and growth strategy consultant, I enjoy helping women business owners develop a clear strategy that supports long-term success by growing their businesses faster, smarter, and more profitably. If you are a woman business owner looking to grow your company and are seeking the help of a growth-strategy consultant, I’d like to meet you. Let’s connect!