You may have heard the statistic that 50% of businesses fail in less than five years. Studies have shown that, of those that failed, over 70% never had a plan or asked for any help.
New business owners often try to figure everything out on their own because they have excellent technical skills and great communication skills and maybe even an advanced college education.
They have a false believe they already have enough knowledge to build a business alone, but they were never taught the skills they need to succeed as an entrepreneur.
And they don’t even know the right questions to ask. It’s a new experience. How could they know?
That was my story! I had a college degree in finance and over a decade of experience in corporate management and accounting roles when I started my first business…a QuickBooks bookkeeping and consulting firm. But I still had NO IDEA how to run my business in the beginning. I needed help. So I hired a business coach and learned how to grow my business over the next twelve years. I successfully scaled it to the point where I was able to sell it!
Now, I am a business coach helping other entrepreneurs build their own profitable and enjoyable businesses.
But not all business coaches are the same. Buyer beware!
It is very important to do your research and try out your potential business coach before deciding to work with them. I’ve put together some tips to help you successfully navigate the process.
Here are the top six mistakes entrepreneurs make when hiring a business coach. The rest of this article will explain how to avoid these mistakes to hire the right coach for your situation.
- Hiring a business coach who doesn’t have the right credentials
- Hiring a business coach who doesn’t focus on accountability
- Hiring a business coach who doesn’t have a process that adjusts to your needs
- Hiring a business coach who doesn’t ask good questions or give clear guidance
- Hiring a business coach who doesn’t align with your values
- Hiring a business coach who doesn’t charge what they…