I love networking and meeting amazing business owners and other coaches.
Wade Thomas, a fellow business coach, and I met through networking and decided to do this collaborative podcast interview together.
We review strategies and tools business owners can use to exceed their business goals and evolve into high-performing CEOs.
As a coach, of course, I believe that every entrepreneur should have a business coach, just like every athlete has one.
Common Blockers Business People Face
Many would-be or beginning entrepreneurs dream of one day running successful businesses. They are lured in by the freedom and possibility of owning their schedule, transforming the world, and not having to answer to anybody. Yes, running your own business is glamorous, but the reality looks slightly different. There will be challenges, and you will have to figure out how to solve them, which will feel uncomfortable and hard.
Most business owners lack core business skills. They are good at what they do and maybe experience some success. But here’s the thing, passion alone is not enough. As your business grows, gradually, you’ll need to master every aspect of running a business, from sales to marketing to people management. This is something that is very hard to do on your own. Yes, nobody knows your business better than you do. But an outsider’s expert perspective will help you scale because they can see your blind spots and are not emotionally married to existing business processes or strategies.
Why Every Business Owner Needs a Coach
Business owners are used to wearing many hats. They are involved in marketing, sales, product delivery, HR, accounting, etc. Handling many roles can lead fast to overwhelm. It’s hard to let go, but if you continue being everything to everyone, you’ll surely burn out. Also, doing everything means you don’t know whether you’re making the best use of your time and whether those activities align with your business goals.
There comes a time in every entrepreneur’s life when trying to do it all is not sustainable. It doesn’t matter where you are now; as long as you know where you’re headed, a coach can help you shorten the journey. They will help you address areas in your business that need nurturing and keep you accountable. Remember, your business cannot outgrow your mind. A natural cap to any business is set on how much the owner is willing to develop themselves. If your goal is to stay competitive, grow, and scale the business, you need to keep growing yourself as the CEO and don’t be afraid to ask for help.
The Power of Applying What You’ve Learned
As a business owner, you’re constantly learning. You’re reading books, listening to podcasts, attending seminars, whatever it may be, you’re focused on enhancing your skills and overall knowledge. There’s a big difference between absorbing information and putting new knowledge into practice. Without the latter, all that knowledge absorption will be in vain. This is why it’s so important to have a strategy for implementing what you are learning. Plus, know what to implement and what to leave out.
Anything new isn’t learned until it is implemented successfully. Knowledge is not power. Knowledge combined with intentional action is the power which is what the path to success is all about.
Creating Time For Coaching
Think you don’t have time for coaching? Here’s some news: saying you don’t have time for coaching or some form of training is like saying you don’t have time to grow your business. This also means you don’t have time to make a profit or develop your team. You see, coaching is not about adding more to your plate. It’s actually the opposite. Athletes, actors, and soldiers do not see coaching as something that takes time away from their duties. They see it as something that directly impacts the quality of their performance. Nonetheless, everyone needs some coaching, but not everyone is ready for coaching. It requires a willingness to look inwards, be challenged, and commit to creating time for it.
Listen to the entire podcast episode here.
To connect further with Wade Thomas
AimToWin Podcast HERE
And if this episode sparked your interest in hiring a coach and you’d like to talk more, schedule a free consultation with me HERE.