Business Coaching gives these benefits to the enterprise and entrepreneur –
- The fee of the business coach is a clear investment in the business. In almost all cases , where entrepreneur takes the coaching seriously and is coachable then at least 3 times returns are seen for this investment.
- Many entrepreneurs waste their time and potential as they are not accountable to anyone but themselves. With coaching the entrepreneurs will certainly utilise their time and potential in a better manner. Therefore the health of the organisation and the quality of life of the entrepreneur will certainly improve.
- Business coaching helps the entrepreneur in becoming a “business owner” rather than a “self-employed person”.
- It encourages greater understanding about the business problems. Therefore it helps in effective problem resolution or problem management.
- Coaching session helps in bringing clarity in the entrepreneurs mind. We all know clarity is power. Once the entrepreneur has clarity on a majority of major aspects of the business, the results are positively impacted.
- A coaching session helps in resolving the confusion. Many times confusion state is essential for achieving the clarity.
- Not only latest and greatest business management tools are made available to the entrepreneur but also are explained in an expert manner. In addition it is ensured that the tools will be used and the result producing concepts and processes will be implemented.
- Not only the enterprise evolves but the enterprise also evolves as a result of coaching. After a significant period ( in most cases 1 year) the entrepreneur and enterprise evolves to such a level that business coaching is no longer required. If required in between to resolve some issue or to face a situation few maintenance kind of coaching session will serve the purpose.
- The business value increases and the business become more saleable.
- Business moves in the direction of becoming entrepreneur-independent and being run on a virtual autopilot.