Hey friends, I’m happy to be sitting here with you again today!
Just last week you got to hear from Jade Boyd and next week I have another exciting guest interview with strengths coach, Arica Ohloff.
I thought this was a great time to bring up the topic of working with a coach as you grow your business.
As a small business owner there are lot a different ways we can spend our money: advertising, adding a team member, investing in new equipment, ongoing education, etc.
Today, I want to talk about the different options available to you as a small business owner when it comes to business coaching and having a fresh set of eyes from an experienced professional to help maximize your time and accelerate your growth.
Key Takeaways:
- Check out “Episode 55: Investing in Your Business” if you’re looking for an episode where I break down a little further the variety of areas you can invest in your business, such as in equipment, team members, etc.
- Similar to a sports coach, a business coach is someone who is a leader that offers stability, guidance, and direction to help you grow your business in a particular area.
- I have found that a business coach helps me get where I want to go in my business faster, more efficiently, and in the end, help save time and money. If I tried to take on everything on my own, it would take even longer to master softwares or learn new launch strategies for my programs. When I work with a coach, she acts as a teacher and shows me best practices so I can achieve my goals with someone who has been there before.
- How do you know which kind of coach to work with? There is a coach for nearly every aspect of your business: organization, productivity, mindset, speaking, business operations, finances, marketing, etc. I’ve worked with different coaches over the years for different reasons. But when considering who I need to work with next, I try to get a birds eye view of my business. I lean into where things feel bottlenecked or where we could improve, and that’s how I know I need to invest more time and energy.
- There are few formats when it comes to working with a coach. In my eyes, there’s a hierarchy from the lowest to highest investment. For those on a budget, start with any free product, podcast, webinar or training from a coach you are considering working with. Then look for a digital product that coach offers. These are often the lowest level of paid investment with a coach so you can use a tool they designed and help make a process more efficient in your business. The next level of coaching is often a group education setting such as a workshop, group coaching program, or a Mastermind. Then your highest level of investment with a coach is when you get 1:1 time and attention from the Coach him or herself in the form of an short-term Intensive format or ongoing one-on-one coaching.
- How do you know someone is a good coach for you? Really trust your gut, get referrals, and ask yourself, is this person someone I aspire to be like? Look at their successes, sure, but also look at their lifestyle, personality, viewpoint on life, and work/life balance to know if he or she is a good fit for you.
Podcast Sponsor: Janey Stahl Coaching
If you’re a business owner, then right now you’re probably reviewing 2021’s performance as you prep and plan for 2022, am I right?
For me at MKM, that looks like updating pricing, updating contracts, prepping for taxes, assessing profit/loss, etc. as I make a game plan for structure and services in 2022.
But I didn’t start out in my first year (or the first 4!) knowing how to do this. Do you?
Do you know which areas of your business you need to focus on building next year? Do you know which steps to take to make those improvements?
As you know, revenue does NOT equal profit or take home pay in your business. So how do we grow more than just the gross revenue and actually make some money in 2022?
Thankfully, my friend Janey Stahl is a fractional CFO, and she is an expert in just this type of thing.
She helps business owners see that sustainable profitability requires high performance in all areas of their business.
And with her expertise, she guides them through the process of analyzing profit, offers, services, products, and time spend so that business owners can work smarter in the exact areas that will keep their business working profitably for years to come.
Right now, Janey is offering a free assessment to help you determine which area of your business could be improved in ’22 and it’s FREE! In this guide she walks through creating your unique business plan for next year and identify specific steps you should take to strengthen your business’ foundation!
Go to janeystahl.com/smallminded to download the free assessment today!
That’s janeystahl.com/smallminded for more clarity, less confusion, and confidence knowing you are doing the right things to grow your business in the year ahead.
Psst: If you’d like to hear more from Janey, head to episode 54 of the Small-Minded Podcast for her inspiring story of entrepreneurship and financial tips for business owners of any size.
Podcast Sponsor: Molly Knuth Media’s Best Year Yet! 12-month Social Media Content Calendar
Our goal at Molly Knuth Media is to make social media marketing easier, more fun, and more engaging for small-town small businesses.
With this pre-planned strategic calendar, you can plug-and-play your own graphics, photos, videos, stories, and information, to create social media posts that actually work. You’ll feel more confident in your posts knowing that they are working for you to drive more awareness and sales for your business.
What you get:
- 12 months of planned content strategically selected for engagement, growth, and let’s face it…real life for small-town business owners
- 12 months of blank calendars for you to build social around your own schedule
- Monthly Canva templates to help you make designs more efficiently and professionally
- BONUS: 50+ Engagement-boosting social media prompts you can plug in anytime in your strategy
- BONUS: 10-day launch schedule so you know exactly how to post your new offer or product
Head to MollyKnuthMedia.com/shop to grab your copy for only $97!
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