Episode 73: Do I Need a Business Coach?

Hey friends, I'm happy to be sitting here with you again today. Just last week you got to hear from Jade Boyd and next week I have another exciting guest interview with strength coach, Arica Ohloff. I thought this was a great time to bring up the topic of needing a coach. As a small business owner there are lot a different ways we can spend our money. Today, I want to talk about the different options available to you as a small business owner when it comes to business coaching. Key Takeaways:

• Check out "Episode 55: Investing in Your Business" if you're looking for an episode where I break down a little further the variety of areas you can invest in your business.
• Similar to a sports coach, a business coach is someone who is a leader that offers stability and helps you find direction and orient to the place you want to go.
• I have found that a business coach helps me get where I wants to go in my business faster, more efficiently, and in the end, help save time and money.
• How do you know which kind of coach to pursue? I've worked with different coaches over the years for different reasons. Try to get a birds eye view of your business. Learn where feel uncomfortable or think about something you're looking to accomplish.
• There are few formats when it comes to coaching, in order from the lowest to highest investment these would be a digital product, then a workshop, group coaching program, a Mastermind, an Intensive, and lastly one-on-one ongoing coaching.
• How do you know someone is a good coach for you? Really trust your gut, get referrals, and ask yourself, is it someone you aspire to be?

Janey Stahl Commercial If you're a business owner, then right now you're probably reviewing 2021's performance as you prep and plan for 2022, am I right? For me at MKM, that looks like updating pricing, updating contracts, prepping for taxes, assessing profit/loss, etc. as I make a game plan for structure and services in 2022. But I didn't start out in my first year (or the first 4!) knowing how to do this. Do you? Do you know which areas of your business you need to focus on building next year? Do you know which steps to take to make those improvements? As you know, revenue does NOT equal profit or take home pay in your business. So how do we grow more than just the gross revenue and actually make some money in 2022? Thankfully, my friend Janey Stahl is a fractional CFO and she is an expert in just this type of thing. She helps business owners see that sustainable profitability requires high performance in all areas of their business. And with her expertise, she guides them through the process of analyzing profit, offers, services, products, and time spend so that business owners can work smarter in the exact areas that will keep their business working profitably for years to come. Right now, Janey is offering a free assessment to help you determine which area of your business could be improved in '22 and it's FREE! In this guide she walks through creating your unique business plan for next year and identify specific steps you should take to strengthen your business' foundation! Go to janeystahl.com/smallminded to download the free assessment today! That's janeystahl.com/smallminded for more clarity, less confusion, and confidence knowing you are doing the right things to grow your business in the year ahead. Psst: If you'd like to hear more from Janey, head to episode 54 of the Small-Minded Podcast for her inspiring story of entrepreneurship and financial tips for business owners of any size. MKM Content Calendar Commercial Follow for More Follow Small-Minded on Instagram and Facebook Follow Molly Knuth Media on Instagram and Facebook For more about our Instagram workshops this month at MKM visit mollyknuthmedia.com/shop.