{"id":70646,"date":"2016-09-23T13:55:21","date_gmt":"2016-09-23T13:55:21","guid":{"rendered":"https:\/\/fintech.commercegurus.com\/?p=70646"},"modified":"2025-07-01T10:34:19","modified_gmt":"2025-07-01T10:34:19","slug":"why-would-a-successful-entrepreneur-hire-a-coach","status":"publish","type":"post","link":"https:\/\/equinoxconsultingpartnersllc.com\/main\/why-would-a-successful-entrepreneur-hire-a-coach\/","title":{"rendered":"Why Would a Successful Entrepreneur Hire a Coach?"},"content":{"rendered":"

It\u2019s not as if coaches have secret powers or have some deep-seated knowledge of your industry that could open the door to more success. Coaches are mere humans like you and me. However, good coaches can help you identify your blind spots.<\/p>\n

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Coaches have great BS detectors that can help us learn where and how we\u2019re lying to ourselves. They’re trained to help people grow. While most successful people work hard, had some luck and are \u201cself-made,\u201d all of us hit plateaus and have blind spots. Many of us have entire areas of potential that we\u2019ve never explored or pursued. A good coach can recognize and help you address that.<\/p>\n

Take my client, Arun Apte, CEO and founder of two bio-tech companies in India, PREMIER Biosoft and CloudLIMS.com. His businesses are growing and they are profitable. His customers share their needs with him and it allows him to address those needs and create new products, which results in even more success. Why would a guy like Arun want to hire a coach?<\/p>\n

Get an outside perspective<\/h2>\n

\u201cI hired a coach because I want and need accountability. I want to push myself — and that\u2019s hard to do without someone holding me accountable,” Arun says. “I want an outside perspective. I want to learn from people who\u2019ve helped run dozens of companies, not just two, like me. My coach has worked with hundreds of entrepreneurs over the past 15 years. He\u2019s seen companies come and go — he knows where to look for problems and he has a knack for knowing when I\u2019m slacking off or what I\u2019m avoiding. It\u2019s like hiring a secret weapon.\u201d<\/p>\n

Or Jeannette Bitz, chief strategist and managing principal at Engage, who says: \u201cAs a business owner, I\u2019m focused and motivated, but I don\u2019t always make time for strategic thinking because I\u2019m busy serving clients.<\/p>\n

My coach helps me take a step back and think more strategically about the business and determine how the employees and clients can best address my vision.<\/p><\/blockquote>\n

In one hour a week, I make significant progress on business issues and the strategies that I believe have a strong impact on the agency. It\u2019s invaluable.\u201d<\/p>\n

Arun continues, \u201cI\u2019m often surprised by my coach\u2019s advice and counsel. Once, when I really wanted to put in more hours, he cautioned me to think about my age and how my businesses were running and what stage of development they were in. He told me to take it easy because it\u2019s the only time in my life that I would have the opportunity to travel and enjoy myself. He was right. I took a month off and had the time of my life. When I came back, my companies were still doing great. I\u2019m so glad I listened to him.\u201d<\/p>\n

A good coach will ask you questions<\/h2>\n

Often success is elusive or simply unfamiliar — most people who experience success aren\u2019t ready to slow down or relax because they\u2019ve spent years building a company or a career and they habitually push themselves. A good coach can ask you questions that you wouldn\u2019t think to ask yourself and no one else would dare ask, such as:<\/p>\n