Every business needs the right internal and external environment for the unlocking of its potentials. Whatever the problem that a business is experiencing, it is always a realistic approach to network with other businesses to provide a fresh perspective. The contribution of an experienced business coach in presenting an impassioned outside (“helicopter”) view of the business, and supporting remedial strategies are invaluable.
Being in business alone, without any regular inputs from people that can provide specialised advice and inject some objectivity into the business is very risky. It is for that reason that the adoption of business coaching greatly benefits any business – small or big. To reach the top today in business, being in business on your own is not an option.
A lot of many big companies can rely on non-executive directors and business consultants, but smaller companies sometimes do not have that advantage. Yet, they need that kind of partnership and expertise to help guide them to make the right decisions in strategic planning.
They also need trusted people to keep them focused on a specific course of action that yield the best possible value to their business. In this regard, the introduction of business coaching and mentoring to the business process could be a much cheaper and more sustainable alternative for small businesses in particular.
Coaching has for instance been shown to have the capacity to improve different aspects of any business by as much as 60 to 80 percent. The power of business coaching is mostly felt in goal setting and systems development, as well as in change and resource management.
The essence of business coaching is therefore felt in its simplest form through performance enhancement and transformation. This is mainly through capacity building and inspired management solutions by uncovering factors that inhibit excellent performance.