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23 - Is Business Coaching Worth It
Description
If you’ve done your strategic planning for 2024, you may have laid out some big goals, and you might be asking yourself “Is business coaching worth it?”. I’m going to be exceptionally candid with you in this episode. Business coaching is a great help but it’s not always the best investment for you and your business in certain situations. You want to ensure a return on your investment so I want to give you guidance in what to consider when thinking about a business coach and how to hire a good one when you’re ready.
I understand the hesitation in hiring a business coach, when I was growing my first business, I held off on hiring a coach past the point where I should have. I have also hired a coach who seemed like a good fit but I didn’t get good value out of the relationship. For a business coach to be beneficial to you, there is a lot to consider. I’ve come up with seven steps that guide you through the whole process from conception to hiring to ensure you find the right match for your goals.
The seven key points are designed to lead you on a journey of introspection to be sure you’re ready to benefit from what coaching can offer. First, ask yourself what you hope to get out of coaching. Before you try to narrow down the options in the field or interview a potential coach, know what you need. Also, do you have the time and energy to invest in coaching? Be honest. There are a lot of business coaches that charge big money and for you to get the results you want, you need to have the time to invest in what you learn from the coach. Then you have to ask yourself the hardest question: are you coachable? How do you assess that? How do you know you’ll be able to follow through on your plans? How do you narrow down the glut of options in the business coaching industry? Those questions, and more, are what this episode will help you answer.
Key Moments
03:30 What do you hope to get out of coaching? How can you answer this for your business?
09:45 You need to find a coach who understands you and what you want from your business.
14:44 How to dig in and ask a potential coach the right questions.
- Being coachable is a key component of the relationship, it’s a two-sided coin
- Will you be able to commit to putting into action the things you learn from your coach?
- Coaching will not save a floundering business if all your energy is devoted to keeping it afloat.
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Resources mentioned in this episode:
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Contact Kari Lotzien | Be the Anchor:
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Transcript:
Kari Lotzien: [00:00:01] Welcome to Be the Anchor, the podcast. I'm your host, business and leadership coach Kari Lotzien. When the seas of life get stormy, and they always will, it is not up to us to captain anyone else's ship or to try to calm the waters of the ocean. It's up to us to set our own destination for what we really want, and to learn how to navigate those waves of life together while finding that place of security and stability with others. I call this being an anchor.
Kari Lotzien: [00:00:37] Hello, my friends. I'm so glad you're here. You might have done your strategic planning for 2024, and you've got some big goals. And you might be wondering, is business coaching worth it? So whether you're looking at the Anchored Leadership Academy, the group training program, or maybe you're considering