You may have played on a sports team and had a coach. But, that may not help you understand how coaching can help in business. If you want to be a successful entrepreneur, or the CEO of your company, the focus, goal orientation and strength building of a coach is invaluable.

You may be surprised to know that not only great athletes like Michael Jordan or Tiger Woods had coaches. Not only great singers, great actors, or other great artists had new business coach.

The 5 Key Steps to Starting a 6-Figure Coaching Business in 2018

WHAT IS SMALL BUSINESS COACHING?

Many people try to explain the coaching process by explaining what it is not. It is not therapy, as there little emphasis on your past, or your psychological profile. It is not business consulting, because the relationship is a collaborative one. The business coach has expertise but working with you as a partner to apply what will work best for you.

The executive and small business coach is there to help you set extraordinary goals and to make you accountable to accomplish them by building on your strengths.

THE REALITY OF COACHING IS DIFFERENT FROM THE MYTHS

MYTH: Coaching is for washout, weak figures who can't make it on their own.

REALITY: It is just those executives with the profiles of champions and a track record of success that understand and maximize the benefits of coaching.

MYTH: Coaching starts by identifying your weaknesses and filling in the gaps.

REALITY: Coaching encourages you to declare a powerful future, of what is possible and predictable based on your strengths. It is there to give you the clarity, power, and velocity to reach your goals.

DO YOU KNOW WHAT TO LOOK FOR IN AN EXECUTIVE SMALL BUSINESS COACH? 

• Business Expertise – A coach should quickly understand what it's like to be in your place. You should have a coach with business experience in running and /or starting a small business to be able to understand your challenges.

• Professional Training – In addition to business experience, a coach should have training in how to help people make positive changes in their lives. Such training is from Psychology, Coaching, Social Work, or HR programs.