I hired a coach about 1 year into business, and the business was going well, but there were some questions I had about what type of reports should I be running, is my business doing as well as I can hope that it would. I didn’t really have a central source that I could go to. I had my accountant, I had friends who were dentists, and I had professors that were mentors of mine, but I didn’t have someone that specialized in running a business and how to successfully run a business. So it made sense to me to hire a business coach to help me along the way.
After the first year of coaching, I had more than 100% growth, and after the second year of coaching, I had another 100% growth. So I attribute doubling my numbers at the end of the year, much of it, to coaching. The biggest benefit of coaching for me personally has been to have someone to hold me accountable and also to have someone to celebrate with when big things in the business happen. My team has grown from a two person team to an 8 person team. Without guidance on who the right team members are going to be, the best way to encourage my team, and the best way to establish systems to make my team excited and efficient, is what coaching helped me establish. As far as challenges go, coaching has helped me understand what’s important when monitoring growth of my business. What are some red flags and what are some key performance indicators to insure that I’m accomplishing the goals that I’m setting forth for my business. When I was counting every penny that came in and went out, I thought “Can I afford coaching? What could I buy if I didn’t invest in coaching?” And after about 3 months, I started seeing the tangible and intangible rewards of having a coach there, helping me along the way. And I thought, it wasn’t about me being able to afford it, it was about me not being able not to afford it. Going back now, it was a no brainer for me. It was investment I had to make in my company, and I’m so glad I did, and it’s hard to imagine the success that I have now being anything like it is without my coach.
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