Skip to main content

New Year , Fresh Start


The success of a business will be dependent on a number of factors. Such as; the way the owners manage the company, the capabilities of the workforce, the competitive landscape and the way that the organisation responds to incidents that confront its operations.
In all of these things, it is important to have a revered business advisor who can help the organisation determine its goals. More importantly, the strategic initiatives on how they can be achieved. Working with a coach is what successful business owners do to help them create a robust plan for the pursuit of their goals. Nonetheless, would any coach suffice? Unfortunately, no. More often than not, it is better to work with external advisors.

An Advisor Can Bring A Fresh Perspective

Internally, people may have limited perspectives because they are confined only to the organisation. On the other hand, an external business coach has been working in a diverse industry. They have most likely been commissioned by different companies in the past. Therefore, the coach can view your problem in multiple perspectives and can provide you with a new outlook.

Cost-Effective Service

Consultation with a business coach can typically last for 2 hours to the whole day. Rather than employing a regular advisor within an organisation, it is better to hire externally. This means you will only pay for coaching services when you need them.
Another good thing about working with an external business coach is that you get to enjoy opinions without prejudice. They can be more straightforward with what they have to say. Basically because they have no vested interest on the business. Their independence will be beneficial in terms of filtering information without having to be biased.

Extensive Experience and Expertise

An external business coach works with a variety of companies. With such, this means that external advisors have a broad experience and expertise. This can be beneficial in ways more than one for your business. Their combined knowledge in different industries will give them distinctive capabilities to solve your problems. Compared to managers, these coaches are also typically given more extensive training since they have to deal with wide-ranging problems that are not specific to any organisation.
Given the benefits that have been mentioned above, it should be clear by now why you should work with an external business coach. Seeking external opinions for improvement of a company is what successful business owners do.
To create your next adventure, get in touch at www.rosiabay.co.uk

Comments

Popular posts from this blog

An essential approach to Recruitment & Retention

There are varying views on the cost to a business when an employee leaves. Values range from 30% - 70% of salary, and included in these figures are the cost of replacing the employee with recruitment costs, training, lost productivity, embedding etc..  There have been several factors influencing the current employment numbers, post Covid 55+ employees deciding to take early retirement, more people taking on multiple roles, and a reduction in EU employees post Brexit. The uncertainty of the next two years, brings many challenges for employers, not least the challenge of recruitment and retention. Adopting some affordable and sensible strategies can significantly reduce the exiting of key employees and provide a good reason why new employees should join your business. Employee retention and engagement starts at the leadership level Today, employee engagement is considered a business imperative, as more organisations realise the impact that an engaged workforce can have, not only on t...

The Importance of a People Strategy

As a business owner, you may have a great product or service, a solid business plan, and an excellent marketing strategy. However, without a people strategy, your business may struggle to succeed in the long run. A people strategy is a plan for how your business will attract, develop, retain, and motivate the people it needs to achieve its goals. It is about putting people at the center of your business and making sure that they are engaged, productive, and aligned with your company's vision and values. Here are some reasons why having a people strategy is crucial for your business: Attracting top talent Your people strategy should include a plan for attracting top talent to your business. This involves creating a strong employer brand, offering competitive compensation and benefits, and providing opportunities for career development and growth. By attracting the best people to your business, you can gain a competitive advantage and ensure that you have the skills and expertise nee...

How to Find the Right Executive Coach

A majority of large organisations now routinely use executive coaching for their leadership development plan. Choosing the best executive coach is a critical step in the executive’s success. The process of selecting an executive coach is usually initiated by the Human Resources (HR) department with top management’s consent. It is quite similar to an interview process to hire a candidate. HR will line up a few prospective leadership coaches as candidates and set up the interviews with the leader to be coached. Sometimes, executives jump into selecting a coach based on referrals, first impressions, or HR recommendations.   As a consumer of coaching, it is always a good idea for the leader to know the entire process and know the criteria to select the right executive coach. Rushing this step or not knowing what to look for in a coach can result in a waste of time, money, and reputation for both the leader and the sponsors (HR or top management) During the first meeting ...