The 3 Major Reasons why ALL Business Owners MUST GET a Business Coach

by Dominic Ashley Timms In times of economic difficulty, it is a brave man indeed that invests heavily for the future of the business - yet this is the one thing that has been consistently shown to be the key to longer-term survival. Acting against the herd (who are all pulling in their necks at this time), means that businesses that have carefully directed their investments and have strengthened the key attributes of their businesses, will be those that enjoy the most explosive growth when the economic shackles are loosened! Employing a Business Coach at a time when money is generally tight may seem like an indulgence. In fact, nothing could be further from the truth - if you are going to focus on ensuring your future business success, then where will you actually start? More importantly, will you actually start? A Business Coach can work with you to quickly assess where your efforts should best be directed in order to capitalise on your business strengths - remember, at difficult times, it is all too easy to become a busy fool, which for most of us means that we shall fail to capture the best from the inevitable upswing when it comes. At any time, practically every business suffers from one of the following issues - if any of these speak to you then perhaps it is time that you had a good long look at your likelihood of sustaining your business into the medium-term. 1. You have lost sight of where your business is going and why? We have all suffered this at times in our careers or within our businesses - our heads are down so much we forget to focus on the horizon. During these times, it is even more important to know exactly where you are going so that you can develop some more of the 'how am I going to get there!' As an 'outsider', a good Business Coach can see the wood for the trees. They are not blinded by industry preconceptions or your business' previous way of doing things - "we've always done it this way" is not in their vocabulary! They will ask you the difficult questions (that perhaps you have been avoiding yourself) and challenge you to take action. 2. Your business does not generate enough profit to justify your efforts. Then why, exactly, are you in business? If you want to continue doing what you have always done it should come as no surprise that you will always get the same results! This incidentally, is the definition of insanity...! A Business Coach will challenge your thinking and help you to get focused on taking the actions that will drive your business forward and grow your profits. This will involve a level of change (remember if you've always done the same thing...), so you need to be open to this for it to be successful. A level of commitment is also required if you are to change what has been and drive for growth. The results though could substantially increase your revenue and profits within only a few months of starting work with your Coach. 3. Because you are already good and recognise that it's going to take that bit extra to become Outstanding! What is it in each of us that leads us to believe that we should be able to make a success of our business all by ourselves? We aren't all born great entrepreneurs, and for most of us this means a lot of hard work. Let me tell you, I have been in the Personal Development field for over 20 years, and I still don't know it all! Seeking out coaching support is not a sign of weakness, it is a sign of strength, a recognition that to be the best, we need external support to motivate us towards higher performance. In the same way that top sportsmen and women will always seek out the top coaches in their field in order to excel, you too need a Business Coach if you wish to excel in your business. Your Business Coach will motivate you to want to excel, will hold you accountable for your performance, will demand results from you pushing you forward, will cajole you (at times) but will also be there to congratulate you on a job well done! Next steps - taking Action This is one of those periods that will sort out the weak from the strong in business - those who have the strength of will to focus on what needs to be done to ensure their business success, and those that will hold their heads in their hands and bemoan what's happening all around them. Do yourself a favour, get yourself a Business Coach and get your business into shape. Dominic Ashley-Timms runs the UK's leading Business Coaching company; BusinessCoaching.co.uk, representing the Top Business Coaches across the country. To find out the other reasons why you should work with a Business Coach click the link to download the full article from our website www.businesscoaching.co.uk Article Source: ArticleRich.com

Business Coaching Statistics: How To Gain A Recession Proof Competitive Edge

by Lyn Troyer Here are some interesting statistics to consider if you own a small business or internet business. Did you know business coaching statistics show that applying the skills of a business coach is a great way to keep your business ahead during a recession. It is predicted that for a small business owner to be able to work competitively on their own will become more challenging. During this recession especially, when the competition among companies is exhaustingly fierce, it becomes crucial to look for assistance to give you that competitive edge. Business coaches give you an outside perspective on how your business is running. Because this is something most businesses do not bother to find out, this in itself gives you a lead over your competition. A practice development research revealed that 42% of businesses don't use a business coach. This same study though, found you can increase your profit margin by an average of 46% by using a business coach. Thus 42% of businesses are missing out on a 46% profit increase. If you among that group you may want to carefully consider if you can afford to not use a business coach. An article posted on affiliatedragon.com stated that having your own internet business was the last weapon against a recession. However, as we've seen more businesses both off and online negatively affected by this slow economy, having your own business isn't a fool proof plan. However, hiring a business coach can be the difference between those that struggle and those that survive. To help them develop plans to build profit-growing businesses even during a slow economy many business coaches show their clients how to navigate their way through changing economies. Giving them another competitive advantage. A study conducted by the International Coach Federation surveyed 210 coaching clients for demographic data and feedback /opinions about the value and use of coaching. The study revealed that those who were coached had a positive change in personal work habits. This is instrumental to changing your business during a recession. Here are some of the statistics this study shows us about business coaching. 62.4% smarter goal-setting 60.5% more balanced life 57.1% lower stress levels 52.4% more self-confidence 43.3% improvement in quality of life 25.7% more income Those are just a few of the outcomes found through the study. What we see is the number of people who are experiencing positive personal development skills to apply to their business. It's not just about dollars and cents and most times companies who are struggling have a personal reason linked to their financial struggle. Some more interesting business coaching statics were those that we don't immediately link with business for example, 33.8% saw their health or fitness improve, 33.3% had improved family relationships and 25.7% stopped a bad habit. Although we don't immediately associated something like stopping a bad habit to having an effect on our business, the fact is something like being lethargic can affect your work habits. To find out what may be keeping them from advancing their business clients can turn to business coaching. Sometimes it's a simple as learning how to organize their office in a more efficient and effective manner. The business coaching statistics found in this study prove that even during a recession businesses that use coaches can still thrive when they take advantage of the skills offered by a business coach. Lyn Troyer and his Niche Power Group teach beginners how to make money online in niche markets with affiliate marketing. Please visit their online business coaching website here to learn how you can go from making nothing to a full time internet income in 12 months or less. http://nichepowergroup.com Article Source: http://www.articlerich.com