AdviCoach(R) Suggests Using a Team Approach to Grow Your Business
SOUTHBURY, Conn. (Grassroots Newswire) - In any economy, let alone a challenging one, business owners need to remain competitive to survive and even thrive. With the demands of managing all aspects of a business, business owners can often lose sight of their goals, which sometimes results in the inability or unwillingness to see beyond their blind spots and take immediate action. "Taking a team approach to running a business and knowing who to work with can help entrepreneurs leap ahead of their competition even in a downturn economy," says Brian Miller, COO and president of AdviCoachÒ.
"One such resource to turn to is a professionally-trained Business Coach. A good coach will bring awareness, education and accountability to their clients," says Miller. "Awareness of what's working and what's not, education on the rapid impact strategies that will improve performance and a partner to hold the client accountable to meet the goals established for growth," Miller added.
The International Coach Federation (ICF) recently published their ICF Global Consumer Awareness Study which was conducted independently by the International Survey Unit of PwC. When responding to the question as to why they would hire a Business Coach, the findings included:
- 42.6 percent of respondents who had experienced coaching chose "optimize individual and/or team performance" as their motivation for being coached.
- This reason ranked highest followed by "expand professional career opportunities" at 38.8 percent and "improve business management strategies" at 36.1 percent.
- Other more personal motivations like "increase self-esteem/self-confidence" and "manage work/life balance" rated fourth and fifth to round out the top five motivation areas.
The most effective Business Coaches start by building a sense of trust with their clients. Once this trust is established, the client feels comfortable to open up and talk about their challenges in running their business. This level of trust and communications allows the business coach to partner with the business owner to establish a clear direction and strategic objectives for the business.
"A Business Coach helps the owner understand the difference between working 'on' the business versus 'in' the business," says Miller. "The growth in a business comes when an owner can focus on the business, versus being the technician of the business. Leadership and management are also often key areas Business Coaches target when partnering with a business owner," Miller added.
"Many high performers, such as elite athletes, business legends or performing superstars, are surrounded by coaches and advisors," according to Miller. "As the world of business moves faster and gets more competitive, having a team approach to the marketplace allows the owner to keep up with an industry's best practices, among other things."
AdviCoaches work collaboratively with clients to provide customized education and strategic business solutions applicable under any set of economic circumstances. Unlike traditional consultants that specialize in a particular business discipline or industry, AdviCoaches deliver a variety of services to enhance the performance of small to mid-size businesses in any industry.
To learn more about AdviCoach services in your area, please visit www.advicoach.com.
AdviCoach is the premier source for business coaching and advisory services customized for small to mid-size businesses. With its unique "AdviCoach Advantage," AdviCoaches help businesses increase their ROI and deploy a multitude of Rapid Impact Strategies to impact the bottom line of their business. Today, AdviCoach, along with sister company The Entrepreneur's Source, dominates the $1.5 billion dollar Business Coaching/Consulting franchise market with 33 percent market share in North America. In 2011, AdviCoach was ranked in the top 100 Fastest growing franchises by Entrepreneur Magazine; in the Top 100 new franchises by Franchise Market Magazine and listed in the Franchise 500 by Entrepreneur Magazine for 2 consecutive years. Other news on FSBI international brands can be found on www.FranchiseNewsRoom.com.