{"id":3970,"date":"2023-06-20T12:37:24","date_gmt":"2023-06-20T10:37:24","guid":{"rendered":"https:\/\/wyseminds.com\/blog\/why-do-i-need-a-coach\/"},"modified":"2024-05-13T12:10:52","modified_gmt":"2024-05-13T10:10:52","slug":"why-do-i-need-a-coach","status":"publish","type":"post","link":"https:\/\/wyseminds.com\/blog\/why-do-i-need-a-coach\/","title":{"rendered":"Why do I need a coach?"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">I know how to work out in the gym, so why would I pay a Personal Trainer? As a business leader, I understand my field more than a coach, so how could one help me improve? And as an entrepreneur, I can\u2019t squeeze anything more into my to do list, and all my earnings are pouring into the business. <\/span><\/i><b><i>I simply don\u2019t have time or money to invest in myself right now.<\/i><\/b><i><span style=\"font-weight: 400;\"> Maybe someday\u2026<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4385 aligncenter\" src=\"https:\/\/wyseminds.com\/blog\/wp-content\/uploads\/2024\/04\/Shutterstock_2031803234-scaled.jpg\" alt=\"\" width=\"748\" height=\"237\" \/><\/p>\n<h2><b>An investment in you \u2013 and your business<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In this article you\u2019ll learn that an investment in <\/span><span style=\"font-weight: 400;\">you<\/span><span style=\"font-weight: 400;\"> can accelerate your business on a new purpose-led growth path &#8211; freeing you up to think more strategically and therefore fuelling your revenue.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read on to discover three ways coaching can help entrepreneurs move from being weighed down by the daily slog, to clarity and calm:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Honest feedback from someone who isn\u2019t paid to please you\u2026<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Freedom \u2013 by working smarter, not harder\u2026<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Purposeful thinking on where you are today \u2013 and where you want to be tomorrow.\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">And, of course, how to get there.\u00a0<\/span><\/p>\n<p><b>Bill Gates: \u2018Everyone needs a coach\u2019<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Back in 2013 \u2013 a whole decade ago \u2013 Bill Gates gave a <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=81Ub0SMxZQo\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TED Talk<\/span><\/a><span style=\"font-weight: 400;\"> that went viral. This is what he said:<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cEveryone needs a coach. It doesn\u2019t matter whether you\u2019re a basketball player, a tennis player, a gymnast or a bridge player\u2026.We all need people who will give us feedback. That\u2019s how we improve.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The main theme of his talk was about teachers. But his sentiments still ring true in every industry, in every country, today. And there\u2019s evidence to back this. Harvard Business Review research concludes that coaching boosts productivity by 44%, while an ICF-commissioned study claims that coaching clients report a median ROI of 788% (<\/span><a href=\"https:\/\/www.forbes.com\/sites\/benjaminlaker\/2022\/10\/04\/every-leader-can-benefit-from-coaching-heres-why\/?sh=5334d0a57e1f\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Forbes<\/span><\/a><span style=\"font-weight: 400;\">).<\/span><\/p>\n<h2><b>The power of women entrepreneurs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">When it comes to women entrepreneurs specifically, the European Union\u2019s \u2018Enterprise Europe Network\u2019 sums it up the situation succinctly:<\/span><\/p>\n<blockquote><p><i><span style=\"font-weight: 400;\">\u2018Women entrepreneurs have a profound impact on their markets, industries, and local communities through job creation, innovation, and economic growth\u2026.Yet women entrepreneurs still have to navigate challenges related to financing, owning, and growing a business. Financial barriers limit women\u2019s access to the capital and business acumen they need to thrive\u2026Finally, <\/span><\/i><b><i>individual barriers \u2013 such as a high aversion to failure or a lack of mentors and business networks \u2013 may erode women\u2019s confidence when it comes to business<\/i><\/b><i><span style=\"font-weight: 400;\">. As a result, women own <\/span><\/i><a href=\"https:\/\/www.seedstars.com\/cares\/report-women-entrepreneurship\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">only one in three businesses<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.\u2019<\/span><\/i><\/p><\/blockquote>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Honest feedback from someone who isn\u2019t paid to please you.<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The importance of honest thoughts from an outsider whose job isn\u2019t to please you cannot be underplayed. Asking your team for critical feedback is a tricky tightrope to walk. People pleasing at its finest. And your family, too, is there to bolster you &#8211; and so may shy away from candid opinions; home may also be a safe haven where you don\u2019t discuss work.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A coach has no agenda or financial ties to your business \u2013 other than to hold you accountable. That might mean some uncomfortable truths. But they\u2019ll most likely unveil tweaks that are needed to propel your business into a new growth era. These transformations may not be as huge as you fear. Small, simple steps can reap huge rewards. But it can be impossible to \u2018see the wood for the trees\u2019 when you\u2019re bogged down by the daily grind.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As <\/span><a href=\"https:\/\/wyseminds.com\/shokoofeh-growth-story\/\"><span style=\"font-weight: 400;\">Shakoofeh<\/span><\/a><span style=\"font-weight: 400;\"> &#8211; founder of an ecommerce platform and member of the Wyseminds alumni &#8211; explains:\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cWe started by understanding what was stopping me from growing. What were the blocks? By starting here, it opened up my mind to all the things that could be different, that could be easier.\u201d<\/span><\/i><\/p>\n<ul>\n<li aria-level=\"1\"><b>Freedom \u2013 by working smarter, not harder\u2026<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">On that note, a coach should help reveal ways of working smarter \u2013 and that\u2019s incredibly freeing for entrepreneurs. Professional and personal lives can feel like a perpetual juggling act and overwhelm can stop growth in its tracks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It can be easy to slip into micro-managing. Therefore, identifying the critical priorities that need <\/span><i><span style=\"font-weight: 400;\">your<\/span><\/i><span style=\"font-weight: 400;\"> time, versus activities that don\u2019t need to be done by you, is liberating. A coach can show you how to focus your valuable time and energy to grow your business \u2013 instead of obsessing on the operational level.<\/span><\/p>\n<p><a href=\"https:\/\/wyseminds.com\/lightbulb-moment-with-tessa-parry-wingfield\/\"><span style=\"font-weight: 400;\">This was Tessa\u2019s experience<\/span><\/a><span style=\"font-weight: 400;\">, after she embarked on Wyseminds\u2019 <\/span><a href=\"https:\/\/wyseminds.com\/product\/your-journey-the-lift-off-level\/\"><span style=\"font-weight: 400;\">Lift-off <\/span><\/a><span style=\"font-weight: 400;\">level (for her content consultancy):\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cCertain patterns of behaviour were escalating and perpetuating tiring inefficiencies and annoyances. Sure, I\u2019d still be able to grow, operationally. But I would be the worker bee, pouring my energies into the operational level.\u201d<\/span><\/i><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Purposeful thinking on where you are today \u2013 and where you want to be tomorrow.\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With operations of your business being very time-consuming, it\u2019s even more important to put on the brakes and take time out to think clearly about how you want to grow your business. And that\u2019s where purpose-led growth comes in.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you\u2019ve discovered purpose, channelling your energy into the most thriving aspects of your business will naturally follow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Merel, founder of a care company bringing access to people in remote areas of low-income countries \u2013 a reminder of her purpose was pivotal.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cThis process reminded me of the impact we wanted to have, the difference I wanted to make and the scope of the project. Rather than dwelling on the smaller obstacles, I had to focus on the light at the end of the tunnel &#8211; the bigger picture of purpose, our vision.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Being an entrepreneur is exhausting and exciting. By partnering with a coach, balance can be restored and joy rediscovered. All while growing your business on your own terms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To find out more about what coaching could do for you and your business growth why not <a href=\"https:\/\/calendly.com\/wyseminds\/virtual-coffee-session?month=2023-06\" target=\"_blank\" rel=\"noopener\">book a virtual coffee<\/a> with Julie Perkins or perhaps you want to find out in your own way: <a href=\"https:\/\/wyseminds.com\/business-growth-programme\/\">Check out<\/a> our Business Growth Programme.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I know how to work out in the gym, so why would I pay a Personal Trainer? As a business leader, I understand my field more than a coach, so how could one help me improve? And as an entrepreneur, I can\u2019t squeeze anything more into my to do list, and all my earnings are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3973,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[207,157],"class_list":["post-3970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories","tag-coach","tag-women-entrepreneurs"],"_links":{"self":[{"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/posts\/3970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/comments?post=3970"}],"version-history":[{"count":3,"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/posts\/3970\/revisions"}],"predecessor-version":[{"id":4099,"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/posts\/3970\/revisions\/4099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/media\/3973"}],"wp:attachment":[{"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/media?parent=3970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/categories?post=3970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wyseminds.com\/blog\/wp-json\/wp\/v2\/tags?post=3970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}