Few business owners start out as entrepreneurs. Just like building a company, becoming an entrepreneur is a process full of growth, both personal and professional. And the truth is, no one can do it alone. We all need guidance, mentorship, and inspiration. So here are six lessons from great leaders that will help any owner on their path to becoming a true entrepreneur and creating a sustainable, profitable, and thriving business.
Unless you’ve had personal experience with it, business coaching is probably a bit of a mystery. Do business coaches just walk in and fix the broken parts of your business? Are they only there to motivate and support, or do they get down in the weeds with you? In our 40+ years coaching owners to be entrepreneurs, we’ve cleared up a lot of confusion about what coaching is—and what it isn’t.
I met with my client, Paul, earlier this week. Because of the Thanksgiving holiday, it had been three weeks since our last meeting. I was looking forward to reviewing with him his list of Key Strategic Indicators that he’d committed to delivering – the critical, quantifiable reference points he’ll use to track the health of his business and his progress towards his stated goals. An hour before our call, nothing had been posted. Not a good sign.
The first of the year is a good time to step back and take stock of our lives. The New Year seems to give us permission to look at the big picture—our families, our relationships, our careers, dare I say—our dreams? We may ask ourselves questions like: “Am I doing what I truly love? Is my career feeding my life?” Maybe there’s just a nagging voice of discontent that pops into your mind while you’re furtively checking email at your daughter’s choir recital, or slumping over your keyboard to finish an email while your friends toast the New Year.
Building a Coaching Relationship with Integrity
I have been a fan of The Who for 38 years. I love their music and their powerful contribution to rock and roll, but above all, I love the strength of their message. To me, the music of The Who is about integrity and being true to yourself.
With the launch of Evoke 2014, we're shifting gears today to honor business coaches - those in our network and others from around the world. As an EMyth follower, you understand the value of coaching and mentoring, but sometimes it can be hard to describe what these incredible people really do, who they 'are' in the life of a business owner. If you're a coach or advisor or looking to become one, I hope you'll join me Thursday for this free video recording on growing your practice. For now, let's start with a few ideas about the 'stuff' that great coaches are made of:
Second Annual State of the Business Owner Report Reveals that the Top Three Factors that Motivate Entrepreneurs to Start their Business are Freedom, Passion and Independence
For today’s entrepreneurs, starting a business is not all about the money. According to the 2013 State Of The Business Owner (SOBO) Report, announced today by business coaching leader EMyth, the top three reasons today’s entrepreneurs start their business are: freedom to pursue new opportunities; following their personal passion; and, to gain independence from other’s control. Money, in fact, ranks fourth. EMyth commissioned the State Of The Business Owner project, now in its second year, and surveyed more than 1,700 business owners to gain insights into the real challenges that small and midsize businesses face on a daily basis.
What is it about asking for help, or about accepting it when it's offered, that is so hard? Especially for business leaders, where did we get the idea that admitting our weaknesses and accepting that we have blind spots is perceived as a fatal flaw - something we have to hide or deny in order to have business success?