There’s never a right time to let a coach help you on your business. And in the many years I’ve been a financial coach, I’ve come to realize that the sooner you get one, the higher your chances of success. It’s no longer a secret that 75% of startups fail within the first 10 years of operations.

If you look closely, you will realize that the failure of these businesses is not always due to lack of cashflow or capital. Most cases emanate from the entrepreneurial failure of planning and taking calculated risks to boost their business growth. In such instances, with the help of a coach, your perspective will be widened and you will be able to see things that you wouldn’t have seen alone. To that extent, the importance of a business coach in your entrepreneurial journey cannot be underestimated. It’s crucial. And here are more ways a coach can help you on your business.

A coach is a guiding light

We’re talking about someone who’s been there, seen that, and most probably done that. A business coach has come across similar scenarios over and over again. Your case is probably not the first one. They will help you chart a clear path for your business, point out your mistakes as you go along, and help you see new opportunities that you would otherwise overlooked. They literally act as a guiding light on your path to entrepreneurial success. Such nuggets of wisdom cannot be found with a mentor, or a consultant. And the best part, a coach will step out of the way to let you do the heavy lifting. You feel more responsible for your own success.

A coach will hold you accountable

Your business/financial coach is not your friend. She’s not your relative. This is someone fully dedicated to see your business growth. They don’t care about your feelings and emotions. They care about the success of your actions. They will call you out when you wander off your path. They will scold you when you miss your goals. They will hold you accountable. They know it’s not an easy path to success. Your business has less than 25% chance of succeeding. So keep in mind when you hire a coach, you’re not hiring a best friend. You’re hiring someone to keep you accountable for your actions.

A coach will motivate you

Granted, there will be instances when you want to give up. I mean, you’re an entrepreneur. Every entrepreneur has had those moments when they feel like they can’t go on. It’s bound to happen. Not once, not twice, but several times. The weak ones give up, and they never get to experience the complete power of their potential.

But a coach won’t let that happen. They know you will want to give up. But in those moments, they will open up a whole new perspective and give you a million reasons why should keep going, even when you can’t find one. They will encourage you to pursue goals that you may think are out of your reach until you achieve them. It’s like having a superpower you never thought you needed.

A coach will help you identify your strengths and weaknesses

Truth be told, you never know what you’re missing until you have it. And as an entrepreneur, you’re too busy focussed on your business that you may not have time to check on yourself. Chances are you could be gifted in other areas of your life that can increase the chances of your success. A business coach will help you analyze your strengths and weaknesses as you go on. You get to learn what you’re good at and what you’re not. What you should delegate and what you should work on. Not only does this save you money in the long run, it relieves you the stress of focusing on everything.

A coach will help you establish audacious but realistic goals

Every successful story began with a dream, a goal. And the most successful people had big goals that felt unrealistic, but time proved everyone wrong. However, there’s a thin line between a big goal and an unrealistic one. And a business coach will help you identify that line. With a coach, you’ll be able to set goals that are not only within reach, but big enough to stretch out your full potential. You become the best version of yourself, and this gets translated directly to your business.

A coach will help you focus on what really matters

You know how, we, entrepreneurs, love getting in our head, controlling everything, looking at everything that can go wrong and not letting anyone else handle anything because we think only we can do it all? Yep, that’s what a coach will help eliminate. Because delegating work does not mean you cannot do it. It means there’s more important stuff you’d rather be doing. And since they will help you learn your strengths and weaknesses, it’s easy for you to know what’s more important in your business.

A coach will help increase your creativity

Sometimes we get lost in our own limiting beliefs, and this not only limits our creativity, it reduces our productivity. A coach will help get rid of such self-limiting beliefs and roadblocks while helping you come up with new ideas to boost your business growth. They will help you create a safe place for you to hash out ideas, test theories and ensure you showcase your work properly.

A coach will build your confidence

One of the greatest killer of many dreams is lack of confidence. You need confidence to start a new business. You need confidence to try out new ideas. You need confidence to approach new clients. You need confidence to do everything. And that’s what a coach will give you. How? There’s many ways she will achieve this. You need to book a session now and become the best version of yourself for the sake of your business. It’s now or never.

Disclaimer: This is not legal advice. I am not a legal and /or financial advisor or investment advisor. This is a blog post about helping you to manage your money. All information found here, including any ideas, opinions, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal or legal advice or investment advice. While the information provided is believed to be accurate, it may include errors and inaccuracies. To the maximum extent permitted by law, Fixyourbrokenfinance disclaims any and all liability in the event any information, commentary, analysis, opinions, advice, and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. You should consult with an attorney or other professional to determine what may be best for your individual needs. Your use of the information on the website or materials linked from the website is at your own risk.