BBWO: BLACK BUSINESS WOMEN ONLINE

From Potential to Profit: Business Coaching for Entrepreneurs

You went one step further than the average dreamer--you started a business. Congratulations! But when you are in the beginning stages of forming a business, it is very easy to get over-involved in the formation and forget about planning for the future. Yes, it is very important to make sure that your new business is running correctly, that everything is in its place, but you also must think about prosperity.

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If you only concentrate on the everyday functions of your business, you lose the ability to take your business to its next level of success—this comes from first-hand experience!  It can be nearly impossible to transition from this line of thought without help. Business owners have devoted so much of themselves to the creation and opening of their business that they start to believe that there is nothing more.  This is why a business coach is one of the best things you can do for your business.

Business Coaching For Entrepreneurs

One of the easiest ways for a business owner to make the transition from “potential” to “successful” is to employ the services of a business coach. Some cities have small groups of entrepreneurs who pool together to hire a business coach Denver or Atlanta based, or New York, Kingston, or Portland based, to name a few.  These trained professionals can help by looking at your business without the same emotional attachment you have and offering suggestions and help.

To secure your ideas with a solid foundation, a coach might teach you:

• How to create a business plan for future growth. By creating this type of plan, you are making a roadmap to follow to success.
• How to write a proposal. Many businesses fail to take on large contracts because they do not know how to grab the attention of their potential client.
• Bookkeeping methods. It is surprising how many talented and experienced business owners lack skills in this area.

• Drafting loan requests. You must know how to prove to the bank that your company is worth their investment. Many loans are denied because the business prospectus is too vague or did not effectively show the potential for growth in this industry.
• Employee relations. They can teach you how to hire, fire, and work with your employees. They can also show you how to create handbooks, implement regulations, and give proper compensation.
• Marketing strategies. There may be many avenues of marketing that you have not tried that will bring many clients to your business.
• Organizational and time management skills. When you need to do everything but don’t know how to make it happen, nothing will get done at all. Organizational and time management skills are crucial to success.
• Social skills. Yes, business owners must follow certain etiquette with each type of person they encounter. Employees, suppliers, clients, and other business owners each have a set of “rules” business owners should follow to make them look their best.

There are many other things that a business coach can teach, each with its own level of importance. A professional business coach, however, will base their teachings on what you desire and what your company needs.

Hiring a business coach is not a sign of weakness, nor does not mean that your business is failing. Hiring a business coach is simply a way of stating that you are determined to become a success, and if you do your research, you might find that what it costs you to hire a coach is far less than what you stand to make when you apply what you learn from your coach.

Akilah Richards is a full-time entrepreneur who has benefited significantly from the services of a reputable business coach.  She shares articles about the importance of hiring reinforcements to shore up your dreams, and apply sound strategies to your beautiful ideas. If you're looking for a business coach Denver, Colorado has a few great options over at Noomii.com.

Photo Credit: http://www.flickr.com/photos/wisewellwoman/6327481577/

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Comment by Cyndi Harris on June 3, 2013 at 11:04am

Hello Akilah,

How are you? Great blog post. You are so correct being an entrepreneur can be a dream turned nightmare if you do not have the proper support. I have worked with coaches in the past and still do for the areas that I know I need help or reinforcement. Thank you for sharing this timely wisdom. Have a wonderful day. 

Comment by Akilah "Execumama" Richards on May 28, 2013 at 1:42pm

You're welcome, Kenya! I appreciate you dropping by, and yes--there is no weakness in finding and utilizing the support we need :)

Comment by Kenya Halliburton on May 26, 2013 at 12:07am

Hi Akilah!

Just dropping by to return the support you provided for me. I think your insights are great and important. It's easy to think we have to be super women and do everything ourselves. I love how you offered that hiring a coach isn't a sign of weakness. I've worked with a business coach to help me see things I was too close to see. Thanks for this ;)

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