Business coaching is known as “business coaching”. It provides perspectives to help a work team get from point A to point B faster. In addition, it offers key tools to take advantage of business opportunities in the sector. To better understand its work, let’s see what startup business coaching is and how to implement it successfully in work teams.
What is business coaching?
Business coaching is a set of efforts and techniques focused on the human team of a company or organization according to Small Business Coach. Its objective is to achieve efficiency in the results, motivation and personal satisfaction of the workers, regardless of their level.
Small Business Coach maintains that coaching “is not a consultancy and it is not a therapy”. On the contrary, the coach is a business coach. This is someone who has the necessary perspective to be able to diagnose specific and systemic problems in the organization.
This coach can align operational plans to make them more efficient, but can also advise you on the types of investment that are best for the company.
Advantages of business coaching
The following are the most important advantages of business coaching:
- It can increase productivity by 70%, according to WABC (2016).
- Strengthens the skills of workers.
- Strengthens leadership and teamwork.
- Helps resolve internal conflicts.
- It provides training and tools for a better strategic planning of a company.
Steps to implement business coaching
Set your goals.
Just as there is no single answer to what business coaching is, there is also no coaching implementation standard for all companies. In fact, Small Business Coach recommends taking some time to think about what you really want to achieve from the coaching relationship.
Selection of the coach
It is necessary to determine the skills and competencies that the trainer will require. In addition, its cost structure must be defined.
Preparation of individual development plans for the participants.
The plan should focus on achieving the desired business impact.
Evaluation and feedback
Select tools that allow data collection before and after the coaching engagement.
How to find a “real” coach?
The Young Entrepreneur Council (2014) provides the following tips for finding a good coach:
- Make sure the coach has goodwill towards you and your company. Any member of the business association to which you belong can give you advice. But a good coach responds to what business coaching is with a genuine interest in the success of your company.
- Find an honest mentor. Your coach needs to understand that you don’t know everything. But it should also warn you when you’re about to make a mistake.
- Select a mentor, not a coach. Thousands of professional executive coaches graduate every year, but some don’t have the hands-on experience. A mentor with demonstrable experience in entrepreneurship or business counseling can provide insights based on the real problems you’ve encountered and overcome.
Now that you know what business coaching is, what its advantages are and how to implement it correctly, you are better prepared to contract the coaching modality that your company needs.