The first question we are often asked is:
What is the difference between business coaching and business consulting?
If we are working with a client as a business consultant, we are demonstrating our own skill set in this area, by identifying key areas for improvement, and implementing road maps and strategies to take the business to this new set of desired results.
If we are working with a client as a business coach, we work with them using our business skill sets, so they are able to identify issues, strategise solutions, and implement planning for achieving goals, with our coaching.
We work with our business coaching clients in a number of areas, but a few examples include:
- Understanding how to read financial statements
- Cash flow management and budgets
- Staff management/performance management
- Understanding their obligations with ASIC and/or ATO and their financial responsibilities
- Understanding the importance of marketing and allocating an appropriate budget (if required introducing them to key marketing specialists)
- Paying staff correctly – award systems and employment conditions, where to get information and help from
Aside from the day to day running and management of a business, we can also coach you on areas such as understanding your own strengths and weaknesses. We can help coach you on how to effectively delegate, work on your leadership skills or time management, for example.
As Business Coaches, during our first coaching session we have an in-depth discussion to determine what the client needs from our time together, and we create a custom action plan.
Do I need a business coach?
Our business coaching program is designed for those business owners who are passionate about what they do, but they lack the direction and guidance to manage various challenges, for example overlooking or not understanding business expenditures, ensuring compliance etc. Our business coaching program is designed to help entrepreneurs build the requisite skills and knowledge needed to successfully run a profitable business.
We have worked with many successful business owners in the past who benefited immensely from our coaching. Helping them to:
- Increase profitability through streamlining of processes and tightening of business expenditures.
- Maximise the potential of their workforce by implementing appropriate procedures and practices within the workplace.
- Expand their businesses into foreign markets expertly, after being taught the best way to do this.
- “Tidy up” their business practicalities, such as bookkeeping, compliance, insurances, lots of the mundane tasks that not everybody understands, let alone gets right.