Business Coaching: What is it and How Does it Work ?

As we progress further and further through the twenty-first century, there is no doubt that the business world is changing each and every day.  At times, it can honestly feel quite difficult to keep up with these rapid shifts.  That is a part of why I want to discuss business coaching today, and the impacts that it can have for anyone just getting started.

If you are thinking about starting your own business or even entering this world at all, you might find the information I am going to share here quite helpful.  Make sure that you keep reading to learn all about coaches and what they could bring to the table for you! 

How do We Define Business?

Before I go any further, I would like to tackle this concept first.  It is a pretty big deal to know what it is before you decide if that is the career path you want to take after all, right?  So, for the purpose of this article today, we can define business as any enterprise or organization that is engaging in activities involving commerce or industry.  You can read further on the topic here:  

Pretty simple, right?  Well, a lot of things do seem rather easy on paper, but in practice it can be an entirely different ball game.  This is one of those instances.  Making the decision to go in this direction with your career path is a serious one, so it is a good idea to really consider it.

The Pros and Cons to Consider

So, if you are considering starting a business of some sort, there are a lot of factors that go into it.  To start off with, though, let us think about the different pros and cons.  There are plenty of each, so do not be discouraged!  I am simply trying to offer a realistic perspective here.

Let us start out with the cons.  It is a fact that most people creating an independent startup will not end up succeeding.  About eighty percent of them fail in the first year.  Now, if you are not planning on doing that specifically, this should not really matter for you.  There are other ways to get involved in this field, of course.

An example of that is real estate.  You can see some examples of this, such as Krista Mashore – real estate coach, a successful businesswoman.  So, in terms of the traditional style of “startup” that we see these critical statistics for, it is not always accurate.  Just keep that in mind if that eighty percent figure is frightening.

What other challenges are there, though?  For now, I will stick to ones that could crop up even for those of us looking to do something like becoming a real estate agent.  Performing tasks such as managing our cash flow or diversifying our consumer base are definitely easier said than done.  Of course, this is why you might bring in a coach to help out, but I will speak more on that later.

Enough about the negatives though.  Time to focus on the positives!  One of the biggest things is that you will have the independence and flexibility to run your own show.  This is a gripe that most of us have when it comes to work, right?  The lack of input that we have in terms of daily operations, especially for a desk job.

Well, if you become your own boss, that is not really something you have to worry about!  In my eyes, that is probably the best perk.  Of course, there are others, such as setting your own schedule.  So, it will be up to you to weigh these pros and cons.

How Coaching can Help

Let us say that you have decided to pursue this despite some of those negatives that come with the territory.  Maybe you are struggling to handle the budgeting, though, or you cannot find any leads, like the examples on this page.  What can you do to solve these issues?

Well, one potential option is to invest in some business coaching.  Why would you do that, you might be wondering?  After all, spending money to get someone to teach us might seem like a bit of a waste.  However, there are actually a lot of reasons that you may want to pursue something like this.

I will continue with the real estate example from above, since I think it fits.  When you are freshly licensed to begin selling properties, actually getting a start can be quite difficult.  You might not realize it at first, but a lot of how this field works is dependent on who you know and the contacts that you have made along the way.

In a certain way, this can be quite frustrating.  However, there are steps that we can take to help ourselves out with this.  One option is to get a coach or mentor to assist us and connect us into their network.  It can be invaluable for starting agents.

Of course, we can apply this to the business world as a whole.  Whatever that we are looking to do or accomplish can often be solved, or at least mitigated, by having a network of people that we can rely upon.  This is one method in which we can do so.

Just bear in mind that you probably will not get a service like this for free.  Whether your mentor agrees with you to simply take a part of the sales or commissions or if you opt to instead pay them directly, there is some sort of compensation owed to them.  In this way, you are each helping each other out, making the connection stronger.

While entering the world of business can be intimidating, especially for first timers, hopefully this article has helped to inspire you.  Even if it can be a difficult journey, often, these roads are better when traveled with a friend.