Taking a leap from being an employee to an entrepreneur is a bold move. It’s so bold you feel you don’t need the help of others to run your venture. You’re the boss, after all, and nobody should tell you what to do because your invested money is not someone else’s to waste.
It’s normal to think and feel this way, but it’s only a matter of time before your ego and arrogance prove your wrong. By the time stagnation and the specter of negative cash flow set in, you’d realize you can’t go far without the assistance of a business coach.
Many startups feel business coaching is only a waste of money, but the truth is, it’s one of your most important expenses to increase your business’s chance of success.
You know it’s time to find a mentor when…
Your Vision Is Unclear
Writing your goals on your business plan is paramount; however, it doesn’t guarantee they’re free from ambiguity. Putting down your vision isn’t as straightforward as you think, which is why many seemingly simple business objectives are surprisingly hard to achieve.
Devoted-business.com says coaching lets you see the holes in your plan. It may be unrealistic considering where your venture is at right now. Until you brainstorm with someone smarter than you business-wise, you wouldn’t know which opportunities are worth pursuing.
You’re Not That Motivated to Be Accountable
The key to business success is to stick to your promises. It’s easy to say what your duties are, but it’s hard to fulfil them. Being “the boss” might give you that false sense of freedom, which leads to unaccountability. Coaches are so effective in pushing business development in Minneapolis, Seattle, Raleigh, and other American cities where startups are thriving because they challenge entrepreneurs to commit to their responsibilities.
You’re Not Well-Guided
Even if you attended seminars and Googled about the ins and out of your venture, it doesn’t mean you already have all the necessary tools to weave through the challenges present in your field. Every mistake you make can be seriously costly financially.
Sure, experience is the best teacher, but you don’t need to learn your lessons the hard way. A good business coach will give you a heads up about the risks of your undertakings. Instead of finding yourself in a bad, unfamiliar situation, your mentor can prepare you for possible problems.
You can’t fully appreciate the value of having a business coach until you feel so lost and financially broken. Seeking for consultancy isn’t a sign of weakness, but rather a mark of being a smart entrepreneur.