Is Business Coaching Right for Small Businesses and Solopreneurs?

Michaela Oldfield Business Coaching

I often get asked who business coaching is for. Or, more specifically, whether it’s right for small businesses and soloprenuers. Many people think that business coaches and consultants are only for big businesses with big budgets.

This isn’t the case! In fact, business coaching is particularly well suited to small businesses and soloprenuers.

Want to know why?

Small businesses and solopreneurs need trusted advisors

As you know, running a business isn’t easy. When you are a small business owner or solopreneur, it can be difficult to know who to turn to for advice. A business coach can be invaluable in these situations as they can act as a trusted advisor. A good coach will be able to act as a sounding board, support you in making difficult decisions, help you to see the bigger picture, and share their experience with you.

Small businesses and solopreneurs need to be smart with their budgets

Most business coaches offer accessible and affordable services. Setting aside part of your budget to work with a coach like this can be extremely productive. A good coach will provide an excellent return on your investment by sharing a wide range of expertise and helping you to increase your profits.

Small businesses and solopreneurs need to protect their business

When you work for yourself your income is generally less protected than when you have a salary. Because of this, it’s smart to ensure you’re safe guarding your business in every way possible! Working with a coach can help to ensure you and your business are working at your full potential. It can also help to protect you against common business shortfalls, and ensure that you spot and act on problems right away.

Small businesses and solopreneurs need an outside perspective

It’s easy to become short sighted in business and only see things the way you have always done them. This is especially true when you’re working on your own or with a small group of employees. Working with a coach can be an excellent way to bring in some fresh eyes and make sure that what you’re doing doesn’t become stale.

Small businesses and solopreneurs need to think big

If you want to compete with bigger businesses, you may need to think more like they do! Big businesses know how important it is to benefit from outside expertise. Many small business owners and solopreneurs overlook this, which often holds them back. Working with a coach is a great way for small businesses and solopreneurs to catch up with their larger competitors.

Are you a small business owner or solopreneur? If you are, you may be interested to know about my business membership programme Taking Care of You, Taking Care of Business. It’s designed to give business owners like you regular access to valuable support.

If you’d like to find out whether this could be of benefit to you, take my questionnaire: Are You Ready for Coaching?

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