What is business coaching?
Business coaching is the process through which a business coach guides a business owner in the pursuit of their personal and business goals.
The business coach will help their client build any skills they require to achieve their goals and they will also help create business strategies and improve their mindset.
What is the difference between coaching and consulting?
Consultants tend to tell a business what to do.
With coaching the focus is on the development of the skills within the individual to grow both the business and themselves.
Professional athletes always have a coach, and a business coach operates in the same way.
How it works.
Coaching develops the business owner’s abilities which enables them to solve the problem themselves. To do this coaches use a variety of tools to support the client’s growth towards their goals. These may be coaching frameworks, business education, or tools for goal-setting or decision-making.
The Focus.
The focus of coaching is to identify and enhance the client’s inner abilities, which the client can then broadly apply to many areas of their professional life.
Consultants typically focus on a specific problem that needs immediate attention. This may mean that a consultant’s efforts are more data-driven and may have results that are easier to quantify.
Why is business coaching important:
- Business coaching will help you take your business to the next level.
- It can help your business achieve its goals.
- They will work closely with your leadership team to help them set goals and create a plan for achieving them.
What does a business coach do?
They help you build business plans which are broken down into small achievable actions that will help you achieve your business and personal goals.
What can a business coach help with?
They can help you create:
- Business plans which are achievable
- Marketing strategies to help you reach your ideal customers
- Sales strategies which are designed to convert leads efficiently
Business coaches will keep you accountable for your actions and goals.
They can also help you develop yourself and your team. This can include improving mindset, goal setting, behaviour profiles and more.
A Business coach may also help you by instigating business-to-business introductions by utilizing their vast business connections.
What is a business coaching program?
A business coaching program is a tool used by business owners, they usually are one-on-one weekly or fortnightly 30-minute sessions which will help you develop skills and knowledge to be able to solve problems within your business.
The main focus of these programs is to help you and your business grow.
How much is a business coach UK?
A business coach in the UK can cost from £1,000 to £10,000 per month for one-on-one business coaching this price depends on the level of support agreed upon and the experience of the coach.
However, there are different levels of business coaching which can be great low-investment access points to the tools needed to develop you and your business!
Group coaching is a great alternative and is available from £350 a month.
Is business coaching tax deductible UK?
It depends… You can claim business expenses for training that helps you improve the skills and knowledge you use in your business.
However, The training courses must be related to your business and you cannot claim for training courses that help you:
- Start a new business
- Expand into new areas of business, including anything related to your current business
Your business coach will be able to tell you if can claim.
Let us know if you have anymore question about business coaching by contacting us.
