Business coaches help entrepreneurs, business owners, and professionals grow in a variety of ways. They receive payment and usually work on a fixed schedule to share actionable feedback, personalized advice, and growth plans for their clients to increase company revenue, accelerate their career, or increase business growth.
When I say “business coach,” you might immediately picture cheesy motivational speakers, a cold hotel conference room, and equally dismal coffee. But business coaching can be the single greatest investment you make in your career or business.
Whether you’re a business professional struggling to earn a promotion or an entrepreneur unsure of your next move, the right business coach can set you on a lucrative path to success.
What does a business coach do?
Business coaches challenge executives to develop their strengths, identify and mitigate weaknesses, and grow as individuals. The emphasis is on leadership growth, getting out of the weeds to work on the vision of the organization, and developing the team that will help manifest that vision.
You should expect your business coach to:
Ask you questions and guide you to answers that will lead to valuable insights
Provide advice designed to help you gain valuable perspective
Keep you accountable for your goals as a business and as a leader within your organization
In turn, your business coach will expect you to bring your full self during sessions so that you can work on your business rather than in it. A level of self-awareness is required when working with a coach (in addition to the perspective you bring about your organization).
Why hire a business coach?
For CEOs, founders, and executives, it gets lonely at the top. Without a mentor and accountability partner, many business leaders find themselves hitting the ceiling of what they can achieve. Leaders help develop teams, and business coaches help develop leaders.
In a successful partnership with a business coach, you stand to gain:
Greater self-awareness and mindset
Increased individual performance, productivity, and confidence
Clarity on what success looks like and the steps needed to achieve
Development of critical soft skills and decision making
Accountability and growth
Here are a few of the top business coaching services available.
About: From the company that pioneered business coaching and defined true entrepreneurship, the EMyth Coaching Program is a comprehensive system for building a business that gives you more freedom and produces consistent, predictable results. Their program is unique, pairing proven systems with personal mentorship to foster not only the growth of your business but also your growth as its leader.
About: Abraham balances a curriculum-based approach with situational coaching. Learn his curriculum first, then chat with Abraham about your unique business situations and receive advice and helpful frameworks in return.
About: Seek personal business coaching from one of their trainers, attend an inspirational event, coordinate a team workshop, or simply conduct a team assessment to powerfully transform how your team functions and communicates.
Best for: Entrepreneurs, small business owners, marketers
About: Complete a simple form and coach Andy Turner promises that with one 45-minute conversation he can find a minimum of $10,000 in additional revenue for your business. How will he do it? By focusing on strategically marketing your business.
Best for: Female entrepreneurs, small business owners
About: From American Express to Staples and Sam’s Club -- Emerson has coached some of the biggest brands around. Today, she’s SMB-focused and offers services including global SMB insights, engagement strategies for women business owners, and marketing execution.
About: Brad Sugars’ slick site will ask a few questions about you and your business to pair you with the perfect coach. Then, you’ll work through their systematic business coaching methods to overcome the challenges of maintaining a business. Not convinced you’re ready to buy? Get a complimentary coaching session to determine fit.
About: Choose from either the Strategic Coach® Signature Program or the 10x Ambition Program™ with Dan Sullivan. Both offer the opportunity to strategize about what’s most important to your business at the moment and leave with concrete next steps and action plans to grow your company quickly and sustainably.
Best for: SMB owners, family businesses, entrepreneurs
About: Moltz left IMB in the 90’s and has been helping corporations, SMB’s, and family-run businesses ever since. He specializes in identifying the root causes of your businesses’ issues and making recommendations you can implement immediately.
About: Find coaching for sales management, leadership coaching, and management consulting. You’ll work with one of their qualified coaches to build the right team, make them more productive, and coach them to exceed their goals.
About: If you’d like to grow your business coaching program, Bryan is your man. He specializes in helping you learn to retain clients longer, receive payment for each service you render, and sign more clients quickly. Through strategic sales and marketing efforts, Bryan believes your business will soon be booming.
About: Melissa Dawn is an author, speaker, and coach. Whether you’re interested in a personal development online coaching program or her signature “CEO of Your Life and Business” online coaching program, her flexible, popular courses will help you determine your core values, your life purpose, how to meet your captain, and how to create a big picture vision.
Best for: Small business owners, entrepreneurs, managers
About: Get coaching on how to start a business, how to grow it, and how to train your employees. You’ll gain access to coaches who specialize in small business tactics and strategies to overcome day-to-day issues including cash flow, competition, and employee management.
About: Henry is a personal branding strategist passionate about helping women from all walks of life feel empowered to build businesses they love. Sign up for her one-on-one coaching and mentoring sessions and build online influence your clients can’t ignore.
Best for: Anyone looking to remove roadblocks to their success
About: Coach Loren Fogelman helps you identify and clear the obstacles to your success. A business owner and mental health therapist, Fogelman works with you to understand how to identify your value, understand your impact, lighten your workload, and embrace the messiness of success.
About: Access Mindshop’s pre-built tools, workshops, and coaching solutions. Stay up-to-date with new business trends, get cost-effective online coaching (and learn how to offer it to your clients), and be challenged by a community of like-minded advisors.
About: Robert Viney has 34 years experience starting and running his own seven successful businesses. Now focused on sharing his experiences and knowledge with other business owners and entrepreneurs Viney offers comprehensive business coaching and mentoring services.
About: If you’re worried about business revenue, aren’t sure how to market your product/service, need sales help, or struggle to find clients quickly, Tommi Wolfe is here to help. Choose from one of her existing courses or attend a live event and learn how to jumpstart your startup’s success.
Best for: Business professionals, entrepreneurs, small business owners
About: Hoff offers coaching in business growth, leadership skills, mindset mastery, and business growth. Whether you’ve been running your own business for years or are simply a professional looking to take their career to the next level, Hoff can help you discover a clear path to creating the business, career, or lifestyle you want.
Best for: Stay-at-home Moms, female entrepreneurs, businesswomen
About: Lara Galloway specializes in helping mom entrepreneurs find success and happiness in the blended role of CEO of their businesses and families. Enjoy one-on-one mentorship from Galloway as you learn how to make powerful decisions, define your priorities and values, and move forward with your business and life with confidence.
Ready to find the business coach who’s best for you? It’s one of the best small business tools you can select. Contact a few on this list and spend time deciding which one is the right fit for you. This might take some self-discipline, but if you’re starting a business it can be the difference between success and failure.
Editor's note: This post was originally published in August 2018 and has been updated for comprehensiveness.
Originally published Aug 18, 2020 6:45:00 PM, updated February 04 2021