You have long dreamt about starting your own small business and, now, you’ve finally got the ball rolling! You have a great idea, and you’ve taken out a startup loan and are now working furiously to make your business a reality. But if a great idea, a little money and a willingness to work hard were all it took to start a successful small business, everyone would be doing it. The fact of the matter is, only about half of small businesses survive for five years! Many people look back on their attempts to start and run a business and wish they’d had more knowledge at the beginning. One way to help navigate the complex world of business is with the help of a small business coach. Here’s what you need to know about hiring one:
What Does A Business Coach Do?
Simply put, a business coach will help you get your business where you want it to be. If you are just starting out, this type of help can be invaluable as you will get assistance with every step of the process. Your business doesn’t necessarily have to be in its infancy to benefit from the help of a coach, either: you can simply be looking to grow an established business or expand into new territories. No matter where you are in your journey as a small business owner, small business coaching can help you reach your goals more quickly.
What Kind Of Coach Do I Need?
Depending on what needs you specifically have, there are many types of coaches out there that can assist you. Perhaps you run a brick-and-mortar shop and are looking into expanding into the online world; a social media coach can help you build your internet presence. On the other hand, perhaps you have been selling your wares online but have the goal of finally opening a physical storefront; a brick-and-mortar coach can help you achieve this goal. With the right coach, you can receive assistance in every aspect of running a business.
How Much Does A Business Coach Cost?
As any prudent business owner should be, you are most likely concerned with the costs of running a business and may worry about how much hiring a coach will set you back. This is a valid concern but beyond the scope of this article since prices vary so widely. Many coaches charge an hourly rate, which can be anywhere from $200 to over $600 depending on their experience and reputation. Others will look to sell you a package at a flat rate; this can include a number of hours of in-person or Skype sessions as well as work you can do on your own. As a general rule, small business coaching shouldn’t break the bank but should be enough of an investment that you take it seriously.
How Do I Find A Great Coach?
When you’re on the lookout for a great small business coach, there are a number of things you should keep an eye out for. As we’ve already mentioned, the costs and the specific type of coaching you need should be high up on your list; you will also want to thoroughly research any small business coach you are considering hiring. Ask for references and don’t be afraid to check them. Talk to other small business owners who have secured the services of the coach you are considering. You want a coach that will keep you accountable, holding you to any commitments you make. You will also want someone who will be honest with you! A good coach will always be positive, but not be afraid to tell you if you are potentially
making mistakes with regards to the direction of your business. Good luck with your search and with your business endeavors!