Running a business venture requires the owner to make important decisions to ensure optimum functionality. After growing the business, the company will require a combination of intuition and excellent management skills to function at top levels. A business coach can be hired to assist and guide the owner in running the enterprise. The ultimate goal of a business coach is to take the business from where it is and propel it to reach the vision of the owner. A coach makes the entire operation more accountable to achieve success. In many cases, business coaches are afraid to show their clients the reality as it may hurt their sentiments or they might lose the consultancy. Below listed are the four things that a business coach might not tell you:
A business coach telling an owner that their venture won’t survive to achieve the heights they’ve dreamt of is a crushing blow to the individual. It might sound harsh, but approximately 45% of businesses fail within the first five years of launching. In fact, a newly launched business has more chances of failing than succeeding, so it is essential to count your chickens before they hatch. A business coach who can provide realistic inputs will help your business be ready when the day of reckoning finally arrives.
A business name is an important piece of the jigsaw that helps in marketing and portraying the business to a larger audience. Several business coaches are afraid to tell their consultants if their business names don’t work as they’re afraid they might be let go. But a responsible business coach will always speak the harsh truths about these issues to prevent them from hurting your company. You’ll be surprised how a simple name can change the entire perspective of the consumer towards your company.
Starting a business creates an adrenaline rush for business entrepreneurs. The journey to the top, however, will not always yield the same results and excitement throughout the business cycle. Business coaches always forget to mention this important detail and allow their clients to fly on the highs before they come tumbling down to earth. A good business coach will guide their consultants and never let them get too excited over small wins but rather focus their attention to improve their productivity for the future.
Some business coaches, through their consultation services, will tell their clients if it is okay to function at their own pace and time. This simple but crucial mistake can delay any important decisions or tasks that would put the business on the back foot compared to its competitors. Hesitancy and procrastination will go to the extent of paralyzing the business when it is time to fast-track it.
A good business coach will tell owners and entrepreneurs the hard truth about their business and instruct them to work accordingly. At MCC Coaching, we ensure that we work day in and out till the time your business reaches the heights you’ve envisioned. Reach out to us for customized coaching.