Tips For Making The Most Of Your Business Coach

1 November 2016
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If you have a business, you might decide to get business coaching in order to make sure that you are growing your business at the right speed and in the right ways. This is very important because it will allow you to make sure that your business is going to be successful and that you are not accidentally undermining it. Here are some tips for utilizing your business coach so that you get the most value out of him or her as possible.

1. Don't Fudge the Numbers

The first thing that you need to do is avoid fudging the numbers that you give your business coach. It might be stressful for you to reveal your exact profit margins, revenue streams, and debt, but your business coach will need all of this information to actually be able to help you effectively. If you fudge the numbers, there is a good chance that the advice that your business coach gives you is not going to do you much good. This will result in your meetings with your coach wasting your time and money and the time of your business coach. Instead, be candid so that you can get the advice that will allow you to make your business as effective as possible.

2. Fix System-Wide Problems, Not Single Challenges

Make sure that you and your business coach spend more time fixing system-wide problems, rather than single challenges. For example, you might have a specific bottleneck in your supply chain that is resulting in overall deliveries taking three days longer than they would otherwise. You need to spend time fixing the bottleneck, but also looking into your business and seeing what practices caused you to originally accept that bottleneck in the first place. Then, you need to fix those practices in order to make sure that it doesn't happen again. This can take more time than fixing the bottleneck but will allow your business to be much more successful in the future.

3. Stop Rationalizing

Don't get defensive or start rationalizing your decisions or the reality of your business to your business coach. There's no point because reality is always going to win out. Instead, allow yourself to be vulnerable and take his or her advice. This will allow you to get a lot more use out of the time that you have with your business coach overall.

For more information, talk to a company that specializes in business coaching.