Hiring the right business coach can tremendously fast forward success. Coaches and mentors are invaluable in entrepreneurship because they point out your blind spots and help you improve your skills. It’s the best fuel to fast forwarding you to your goals. Despite the great potential in coaching and mentoring, there are many business owners and entrepreneurs that spend tens of thousands of dollars on personal development products and services, such as coaches, masterminds, mentors, and books but don’t see the ROI (Return on Investment).
Sometimes the reason for the lack of ROI is that the services or the products weren’t the right fit for the individual. Other times it’s because the coach or the mastermind class simply wasn’t good or experienced enough. These two reasons are avoidable. Simply doing more research and looking into the coach or the program and their credibility will allow for better decision making during the selection process. The third reason for not seeing results from self-development initiatives is that the business owner or the entrepreneur becomes a student of theory and learns a ton of information without actually implementing any of it. Simply engaging a coach or signing up for a mastermind class doesn’t lead to success. It’s important to know exactly how coaching helps and how to best make use of hiring a coach.
They help you stick with projects
Grit is the long term focus and perseverance needed for achieving big and meaningful goals. As Angela Duckworth, the world’s leading expert on grit, explains, “grit combines resilience, ambition, and self-control in the pursuit of goals that take months, years, or even decades.” Grit is not the same as working hard. You can be a hard worker but not gritty. Grit doesn’t mean keeping busy jumping from one project to another. Being gritty entails sticking with a task or a project and seeing it through no matter how difficult and frustrating it gets. It means to carry on after every failure and continuing to show up to focus on the work. It’s the ultimate commitment to improving skills to overcome obstacles and boost performance. This isn’t easy and for many once things get hard the temptation to give up creeps in. Working with a coach makes being gritty easier because you have a dedicated person to keep you accountable.
They provide feedback
One of the most important roles of coaches is to provide feedback about performance. Coaches and mentors give it straight. They hold up the mirror and point out performance issues before they become problems. Research shows that depending on our gender, we tend to be either overconfident or underconfident about our skills, intelligence, and competence. An outside perspective serves to bring awareness of the areas that need improvement and ensure continued learning.
They are your cheerleaders
The biggest reason for entrepreneurs and business owners giving up on difficult projects is lack of confidence, impatience, and fear of failure. The right coach believes in human potential and understands how to encourage others to overcome their biase and inner critic. Coaches develop a plan of action which helps in managing anxiety, maintaining a positive attitude and getting unstuck. They’re there to remind you that success takes time and every small win is a step forward towards progress.
Hire coaches and sign up for mastermind classes only if and when you are ready to commit to the work required to achieve success. Without the work, there will be no success.