7 Signs Your Business is Ready for Coaching

You’ve made it this far on your own. Is it time to get some support?

With the new year just around the corner, most business owners are starting to think about their goals for the new year.

If last year’s results were disappointing – or if you feel like you’ve reached a plateau in your growth – you might be thinking about working with a business coach.

Sometimes owners who need help aren’t sure that they’re ready for a coach.

After all, they made it this far on their own.

If you’ve been on the fence – wondering whether or not you’re ready for business coaching – I wrote this article for you.

There are a lot of good reasons to work with a coach, including these:

• Planning to grow/scale
• Managing rapid growth
• Time problems
• Team problems
• Need to increase revenue
• Feeling like your business is out of control
• Lack of direction, feeling indecisive or stuck

Let’s take a closer look at some of the signs that your business could benefit from coaching.

1. Planning to grow/scale

You know the old adage: what got you here won’t get you there.

If you’re looking to take your business to the next level, a coach can provide valuable outside perspective.

Too many business owners get trapped by the daily whirlwind – which I’m guessing wasn’t your dream when you founded your business.

Working with a coach can help you adjust your mindset, which can help you see ways to do things differently to meet the challenges of scaling your business.

Proper scaling allows your business – and your revenue – to grow without increasing your time commitment or burning yourself out.

2. Managing rapid growth

Often, the hard work you put into your business works – and your business really takes off – maybe even faster than you expected or that you’re prepared for.

Without good infrastructure in place, growing too fast can limit your long-term success.

You could end up with confused employees, falling levels of quality and service, or exhausted resources.

When your business is growing fast, a business coach can help you develop consistent and reliable systems that can scale up quickly to meet your needs – and that can be sustainable for the long term.

 3. Time problems

There’s never enough time, right?

Especially when you’re always reacting instead of proactively driving your business.

If this describes your situation, your business can benefit from coaching.

You can learn how to carve out time for proactive, strategic planning, which lets you spend more time away from your business – because you’re confident things are under control.

As your business matures, it’s important to put the right systems and people in place that allow it to essentially manage itself.

This frees you up to grow your business in other ways – or to just do more of the things you enjoy outside of work. 

4. Team problems

Ultimately, your business’ success depends on your team – getting the right people in the right positions and building an overall culture of trust and accountability.

At W5 Coaching, we say that systems run the business, people run the systems, and you lead the people.

A coach can help you figure out the recruiting, professional development and succession planning approach that helps you use your team’s talents both for their benefit and for the highest return on your business investment.

This also includes helping you transition from hub and spoke management to true business vision and leadership.

5. Need to increase revenue

Have you reached a plateau in growth? This isn’t uncommon as a business matures.

Working with a business coach can help you design strategies to get your business growing again.

Whether it’s increasing sales, opening new sources of revenue or cutting wasteful spending, a coach can help you define the best way to stimulate more revenue.

6. Feeling like your business is out of control

Maybe your business has grown faster than you’re comfortable with or you’ve been distracted by every possible opportunity that comes your way.

Either way, it feels like you’ve lost the reins.

A good business coach can hold you accountable to your strategic goals, and help you make better decisions.

Working with a coach gives you time and space to step away from the day-to-day and put thoughtful effort toward your largest goals and making sure your business stays on track.

 7. Lack of direction, feeling indecisive or stuck

When you get too mired in day-to-day operations, it’s easy to feel directionless – like a hamster on a wheel.

Or maybe you’re prone to over-thinking.

A good business coach can help you see your own blind spots, along with solutions and opportunities that may not be on your radar.

For your business to thrive, you have to adopt the big-picture mindset of a business owner instead of the daily focus of the operator.

Do you want next year to be your best year yet?

Book 15 minutes on my calendar, and let’s talk about coaching: Book a Call with John