In today’s world only the paranoids survive. Running a business can often feel like a very solitary pursuit. But with a new day comes the new strength and the new thoughts and new people.
Today, the world is flooded with knowledge over the net that can help any business owner solve basic problems pertaining to running a business. But every business is unique and generic advice is hardly a suitable substitute for personalized guidance.
To cater to this requirement of a budding entrepreneur, a business coach or an entrepreneur guru is approached.
A business coach is someone with an understanding of business, how to run it and what hurdles a person faces while doing business. They can get you desirable results in your balance sheet.
Business coaches can help build a new business from the ground up, advising executives and owners as they go through the process of setting up their business, defining its mission and goals, and putting in place both long-term and short-term strategies for the business.
Many people don’t understand the distinction between a mentor and a coach. While these positions might seem similar, there's actually a world of difference between the two.
"Mentors," for one thing, don’t usually follow a fixed schedule or require payment. They help with strategic issues, answering questions for founders without actively participating in company operations.
"Coaches," on the other hand, are not afraid to get their hands dirty. They are typically paid and operate on, a fixed schedule to help entrepreneurs make themselves better. Mentors offer great advice; coaches ask great questions.
Satisfied owners who have worked with business coaches to develop and grow their business are quick to talk about the many benefits and advantages that they enjoyed throughout the process, and several different surveys have been conducted highlighting the results of such services.
Just a few meaningful business coaching statistics from these surveys include: