A study conducted by Michigan-based Triad Performance Technologies, Inc. (on the ROI of working with a business coach) cites a 10:1 return on investment in less than one year.
A Business Coach is an expert in various areas and processes of small and medium size businesses. He or she is a professional who studies what makes a business owner successful. In practice, a coach takes the time to understand the owner’s business completely and provides systematic development strategies that help the owner reach his or her goals. A Business Coach works to develop the whole business on a continuous basis, in contrast to a consulting engagement where expertise is typically focused on a specific stand-alone issue. A good Business Coach is a skilled mentor in the development of areas such as leadership skills, marketing systems, sales training systems, development of customer service systems, human resources, and financial analysis.
Business Coaches, like athletic coaches, know the rules and the structure of the game very well and carefully observe how the game is being played. From this informed and experienced position, Business Coaches then work with owners toward steady, sustainable improvement. As an external advisor, the coach will offer a much-needed outside perspective and provide the discipline to do the difficult work of systemizing the business for sustainable improved performance!
We at TITAN Business Development Group see our role as that of Trusted Advisor.The traditional advisors to business owners are usually accountants and attorneys. These professionals focus mainly on compliance. Accountants focus largely on financial matters such as ensuring that financial statements are prepared in accordance with GAAP and that tax returns are filed in accordance with tax regulations. Attorneys are focused on legal matters, ensuring the correct business entity is selected and the various legal issues encountered in the regular course of operations are dealt with in a timely manner. However, business owners do not meet with these advisors regularly. At TBDG, quite the opposite is true. We meet with our clients regularly (often weekly) and are always available by phone and email. During these ongoing, regularly scheduled meetings, business owners learn strategies and apply them to their business – now. This constant contact ensures accountability and fosters dynamic, continuous progress – and that creates incredible momentum!At TBDG we concentrate on moving the business to where the owner wants it to be.
Who Works With A Business Coach?
Business owners, sole proprietors, managers, supervisors, and others who normally work with a Business Coach are, first and foremost, open to being coached. Quite often they:
♦ Seek measurable, sustainable change and empowerment ♦ Need to address technical areas of their business ♦ Want to take their business to the next level.
♦ Have to develop solid operating systems and procedures.
♦ May be preparing to sell or turn their business over to a family member.
♦ Work too hard (often, 50–60 hours per week or more) for too little gain. ♦ Are frustrated about finding and keeping good employees. ♦ Find themselves procrastinating or avoiding certain duties. ♦ Are concerned because they spend too much time working and have little or no time left for family. ♦ Are stressed trying to continually shoulder the challenge of producing new ideas to build their business beyond where it is today. ♦ Are worn out because work isn’t fun anymore—it’s a struggle. ♦ Struggle interpersonally due to a wide variety of work styles and personalities. ♦ Feel the need to talk with someone with deep business experience and know-how. ♦ May be very comfortable with their skill-sets in some areas, but are looking to develop or sharpen skills in others.
From one-on-one coaching to business effectiveness seminars to mastermind groups to new manager training and more, we have services to fit any budget and the burning desire to help you grow your business and see to it that you become a business titan – “one of prodigious size, strength and achievement”!
Explore this site further and use the contact page to find out more about how we can partner for your success.