In this 4 minute blog you will learn about the impact and benefits of coaching entrepreneurs and how that differs greatly from why entrepreneurs think they need a coach. What are the lessons they took home from their entrepreneurial coach?
Entrepreneur coach
There are many entrepreneurs. But many of them struggle with running their businesses and achieving business success. That’s where the business coach comes in handy. Coaches mainly help new and existing entrepreneurs to promote their entrepreneurship. Entrepreneurship is not about owning a business, but about having an entrepreneurial mindset. In any case, that means being enterprising enough for the type of company and the industry in which the entrepreneur is active.
Perhaps your coachee already has the mentality of a successful entrepreneur. But even then, in entrepreneurial coaching, which is not the same as strategy or life coaching, you need to have an accurate profile of their personal entrepreneurial competencies.
Coaching needs of entrepreneurs
Furthermore, as an entrepreneur coach you need to know what the entrepreneur is missing and what his real coaching needs are. Because most coach clients don’t know what their real problem is, according to research. A survey of nearly 4,000 entrepreneurs found that the coaching needs entrepreneurs had before coaching sessions began differed significantly from the lessons they took home.
In an open question, entrepreneurs wrote down what they expected from their entrepreneur coach before the coaching started. And at the end of the coaching sessions, they wrote down which lessons they took home. Their answers were divided into a category for comparison. It yielded the following exciting findings.
Benefits of Entrepreneurial Coaching
Most entrepreneurs are not looking for an entrepreneurial coach or mentor, although times are slowly changing for the better. Any entrepreneur can benefit significantly from a professional coach, who is also an experienced entrepreneur and has managed a successful business.
Entrepreneurship has become more complex and changes faster. There is simply no longer the time to ‘learn as you go’ or the wide margin of error to ‘learn by making mistakes‘. A business coach can help accelerate the learning curve to effectively guide an owner from his comfort zone to business growth. They have seen so many companies from the inside in their lives, they can help any coaching client overcome their business and personal challenges.
4 important lessons
First of all, as an entrepreneur coach you have to come into contact with entrepreneurs . At the first meeting, the entrepreneur explains his needs and the questions he has no answer to, but is that what he really needs? Chances are that ‘Support’ (80% of entrepreneurs say they look for a business coach, not a life coach, to solve their problems) and ‘access to your Network’ (mentioned by 73%) are at the top of their list. list. That’s okay of course.
However, ‘Support’ is the least mentioned (71%), as it turns out after the coaching sessions. The crucial lesson they took from their coaching experience is that they learned how to solve their problems on their own (cited by 96%). The table below lists the benefits of entrepreneurial coaching. On the left, the needs mentioned before the development of their personal entrepreneurship started and on the right, the lessons after the business coaching.