Monthly Archives: October 2017

Do You Need A Business

Business coaching has become a very popular topic of discussion for many people starting out in business today. There also many people out there that call themselves business coaches that really don’t have any idea on how to coach someone in business.

How do you choose one?

Generally if you have to ask yourself if you need a coach, you might actually need one. Using a business coach is no different than using a personal trainer to get into shape or a language tutor to learn another language.

The purpose of using these types of professionals is to help you learn the right way to do something… the first time.

How many of you have gone to the gym to work out and tried some of the newfangled workout equipment? You sit down, do a set and then get up. Someone else sits down in a totally different position and does their set and everyone after that uses the same position. You realize that although you are working out you are not using the tools the correct way to get the correct benefit. This is when you decided to hire a trainer to show you how to take the best advantage of the tools. The same goes for using a business coach.

A good coach will help you with the following;

  • Access your strengths and weaknesses
  • Develop your business action plan
  • Selection of the correct tools to achieve the plan
  • Help you stay on track as you execute the plan

Selecting the right coach will help you move forward with more intention and success with your business goals and objectives.

How to find and select a coach

The term business coach has become a very popular title used by many consultants today. Just about every new consultant is now either a life coach or business coach. There are even new organizations that give training and education to certify these coaches.

The easiest way to determine if a business coach is successful is by the results of their own business and the success of their clients.

A Few Questions to Ask

How long have the person been in business?

  • If they are new to the coaching business and have no direct past experience how can they help you? They are most likely using the equipment the wrong way.

How successful is their business?

  • They should be able to show you how successful they are by either listing past clients or projects.

Can they show you a defined coaching plan?

  • They should have a defined documented plan that they can show you. This plan will be modified specify for you but it must exist. Otherwise they will be charging you to develop a plan that they should have.

Can they provide you with references from clients?

  • They should have a proven track record of providing coaching services to other businesses and organizations and be able to quickly provide you with the contact information for you to contact.

Can you do your own research to find out information about their business?

  • You should be able to use the internet to do research on them to find websites, articles, books, reviews and other information that will support the success of their business.

Business Coaching Methods

Business coaching comes in many different flavors. The usual methods are;

  • One on One Coaching
  • Lesson by lesson coaching
  • Online coaching
  • Group coaching
  • Self paced coaching
  • Tele seminars coaching

These are only a few. Your coaching program will most likely have a mixture of all the above. Your plan will be developed to match your available time and life style.

Summary

Hiring the right business coach can help you developed the strong foundation for your business to grow. You will have more confidence that your initial steps are the right ones.

A good business coach will show you how to use the tools to move forward confidently. They will make sure that you know how to do the work yourself or how to select the right resources to get the work done.

Remember, a good coach helps you learn how to do something, a consultant does it for you.

Marc E. Parham has been successfully consulting for all types of businesses for over 20 years. He has consulted for small to mid-sized business, large corporations, and non-profit organizations in all areas of business development. He has certifications in Project management, Network Engineering, Non-profit Management and other areas of business development. Marc has made it his mission to help people start and grow their small businesses. He has created a successful business coaching program that has assisted many people in changing their lives. He is also available for speaking and training events.

Why Life & Business Coaches Fail

Top 4 Reasons Life & Business Coaches Fail

So, you want to be a life or business coach? That’s a great goal to have and many people have amazing success at it. However, for everyone who is able to break into the industry, build a following and earn a decent living from their coaching, there are 15 who don’t make it. This isn’t to make you think about quitting, but you should know what the odds are before you begin. More importantly, you want to find out what sort of things make other coaches fail – pitfalls that they have already experienced and failed because of – because you can learn how to avoid those same pitfalls that way. Here are the top four reasons why life and business coaches fail, and how to avoid them.

Being to Formulaic: If you use the same method for every single client, you are going to have very limited success. That’s because people are all different. One size does not fit all when it comes to coaching, and you need to be flexible enough to try other methods when you see what one particular one isn’t working.

Lacking Confidence in Themselves: This is a big reason that coaches fail. They just don’t believe in themselves, and so their clients never believe in them either. Even if you never tell your clients that you don’t believe in your ability to coach them to success, they are going to know, because people can just sense that sort of thing. Avoid this by making sure to work on yourself first before you start coaching and give yourself positive affirmations every day.

Copying Others: Some people learn one style of coaching, which is a method that they got from a mentor or a training program and they just coach the exact same way; but that’s not how leaders work. Followers copy other people but leaders forge their own way and take what others have taught them and develop their own style.

Lack of Persistence: Finally, the last thing that many coaches fail as a result of is a simple lack of persistence. If you continue working at your business, you are eventually going to make it, but it is going to take time. Just like any other business, you’re going to have to work to build up a clientele and get it to the point where you are actually making a living from your coaching practice.

Getting Over Your Fear of Failing Your Clients

So, you’ve taken the giant leap forward to setting up your own coaching practice and while you are excited to start helping people realize their dreams, you are also pretty nervous too. In fact, you might be so nervous that you’re not even sure how you are going to meet with your first client. Suddenly, there are all these voices of doubt inside your head, telling you that you’re not good enough to be coaching anyone, that your advice sucks and that no one is actually going to pay for coaching with you, and if they do, they’re going to be disappointed.

Guess what? Those voices are perfectly normal; unless they start telling you to do other things, that is. Every coach that starts out in the business experiences doubt, and sometimes it can be crippling. So, what do you do to get rid of this doubt and have a successful coaching business? While the only real cure for the voices in your head is some actual experience and time being a coach, and experiencing success, there are some things that you can do to bring your doubts down to a manageable level.

Offer Free Sessions: One thing that you can do is to offer free sessions for a few clients so that you can get some experience coaching. You will be able to coach them without feeling guilty that they are paying you, and those feelings of doubt will slowly disappear once you see that you actually are making a difference.

Do Short Sessions at First: Another idea is to keep your sessions pretty short, so that you can charge less for them, and so that you can get your feet wet with coaching without having to jump in with a full-fledged hour long session.

Practice with Friends or Family: If you have some friends or family members that you could help with their problems, try coaching with them first. It can be intimidating to coach strangers and a few sessions with people you know might allow you to become more comfortable with yourself and your coaching position.

Remind Yourself That You’re Supposed to be doing this: Finally, just keep in mind all of the reasons that you started coaching in the first place. Remind yourself that you chose this path because you felt as if you truly had something to offer, and you’ll eventually see that you were right the whole time.

4 Mistakes to Avoid When Coaching Online

If you want to be an online coach, you are going to want to get as good as you can at your job before you start taking on clients. That means learning everything you can about coaching, developing a game plan for helping clients and being able to bounce back when someone isn’t working properly. It also means making mistakes. Making mistakes is a vital growing part of any new endeavor and while you can’t avoid all of them, there are four mistakes that you should avoid making as a new online coach, because it will kill your business before you even get started.

Doing Everything: People that do ‘everything’ actually get very little done. If you are a writer, a coach, a YouTuber, a web developer and internet marketer and a wife and mother (or husband and father) you are going to find that all of your endeavors will suffer because you are trying to do too much. Just concentrate on a few things, and do them well.

Having a Crappy Website: Unfortunately, one of the other major problems that new coaches suffer from is a terrible website; many coaches seem to want to make the website themselves to save money but they end up with an amateur-looking site that is not going to attract a single person. Make sure that you spend some time and money making your website shine, because it is your face to the online world.

Concentrating Too Much on Training & Certification: Some coaches start their businesses and have enough money to invest and grow their coaching practice, but they end up spending everything they have on training and then wonder why they can’t get anyone to sign up; that’s not to say that training isn’t important – it definitely it – but you want to do just enough training to get you started and invest in your website, equipment, tools and promoting your coaching business.

Hiring a Business Coach That Facilitates

Running any business alone can be self-fulfilling for every entrepreneur but equally as tough and impossible to successfully manage. With this in mind, hiring a business coach is always a smart move because the opinion of an expert enables and facilitates businesses to reach their full potential. The business coaching industry in the US has grown in recent decades to a worth of over $12 billion highlighting its impact and the need to find the best business coach for your business so as to unlock maximum potential.

Even the best business coaches require the services of other business coaches to effectively understand, explore and take advantage of the many specifics in their individual business set ups.

Hiring a qualified coach can improve leadership and facilitate expansion in domains of fundraising and project management. However, there exist many important considerations in finding the best or ideal coach for your business. These considerations include;

Cost

Cost is a very important consideration in the selection of an ideal business coach and it most often depends on factors like specialty, of expertise and location. Although experts are usually very expensive, it’s possible to find affordable cost effective coaches. For and other social businesses, investing time and effort could easily find low pay experts who could offer coaching services as support of causes. Before even setting out in search of a coach, it’s necessary to study your budget and clearly allocate what can be used for coaching services so as to prevent over-extension into debt.

Best Business Fit

When sampling potential coaches for any business, key to make sure those with the best fit for your business are the target. For example, hiring an ideal non-profit coach would entail narrowing to affordable coaches in the social business domain with proven track records of success. This can be assisted by personal and social feedback recommendations in combination with actual discussions with these potential coaches.

Possible Time Engagement with Coach

This is a slightly complicated consideration when looking at getting a business coach because the dedicated time engagements are usually very much dependent on expertise, and location. However, ensuring the arrangement of quality and long enough time with your coach increases the effectiveness of the relationship. Furthermore, time for meetings and follow up work must be set aside to make the best out of the coaching.

Preparedness for Change

In order to set up for maximum benefits from engagement with a business coach, it is essential to be prepared for significant changes. This is the productivity of the relationship doesn’t only depend on the quality of advice from the coach but also on the preparedness of the management to listen and make changes with respect to this.

Hiring a social business coach can give and other social entrepreneurs the extra edge required for substantial growth, but their services would have to be cost effective, best fitting, and available.Their advice will also need to be and implemented for results to be eminent.

The many benefits associated with hiring the ideal business coach can be summarized under the following points;

Extra, Required Motivation

The one great quality almost every business coach will offer is relentless motivation and getting business owners unstuck when stepping into their own way. No matter the self-motivation possessed by the owner of any business, moments arrive when it’s almost impossible to apply this self-motivation. In times like this, an all-important push to recovery from a professional is required even if it’s simply in the form of confirming something already in your mind and plans.

Unafraid with Unbiased Opinion

A very important asset carried by business coaches is the ability to always provide unbiased opinions that are often absent in the management setting of many businesses. Furthermore, not being afraid to offer correction and confrontation to founders is very beneficial to every business as it often leads to solutions that others close to the business would have missed.

Stepping Outside Comfort Zones

In the absence of a business coach, it is very easy for business introvert managements to become overly comfortable and engulfed in their own ideas and goals limiting for expansion. Seasoned business coaches will encourage adventure and the trying out of new things that could be of help for your business and also curb over eagerness for extrovert entrepreneurs that could end up with being caught ruts. Moving out of your comfort zones with encouragement from your business coach breeds confidence which is usually translated to the achievement of very big goals.

Support in the Identification of Strengths and Weaknesses

An experienced business coach offers the capability of identifying patterns that assist in the discovery and exploitation of your strengths while taking note and addressing weaknesses. The outside perspective of a business coach goes far beyond sorting likes and dislikes but to the extent of uncovering useful hidden talents, and potential.

Increased Focus on Ideas and Business Needs

Hiring enhance creativity as they present increased opportunities to brainstorm ideas together fine tuning them with almost never leaving the business. Also, they ensure focus isn’t lost from the business goals employees, clients or family. Business coaches ensure priority remains on the business without sacrifice of other parts of life such as health which are important to successfully integrate for guaranteed success.

Goals Management and Accountability

Audacious goals are always well understood by coaches and they collaborate to enable realization. Managing business goals though isn’t a quality possessed by many entrepreneurs. With the help of coaches, there is understanding of how classification and follow up can be set up to monitor progress with respect to goals.

Setting up, managing and realizing the most audacious business goals hardly come without accountability during to someone. Your coach plays the role of an accountability partner with the responsibility of reminding you of set goals and promises to be fulfilled.