Becoming a business coach is not just another profession, it is a way of life and if you ask any mentor what their secret to success is, you can be sure to hear that it takes a lot of experience, dedication, patience and a special kind of determination. Even though it’s without a doubt a challenging career path, mentoring can also be one of the most fulfilling and lucrative experiences out there.
Today, there is a big demand for mentors across all industries, in fact, after information technology, business coaching is the second fastest-growing career in the world.
As the number one business coaching franchise, ActionCOACH has built its success by investing in the right people who are motivated leaders themselves, able to use their passion for success, business experience and people skills to effectively identify performance issues while simultaneously foreseeing the right solutions to resolve them.
Anyone strongly considering becoming a business coach, should ask themselves if they possess these crucial traits:
1. A life-long learner who is highly motivated and driven to succeed
A good coach might have all the business management experience in the world, but a great coach will continuously strive to invest in personal development and expand his or her knowledge while continuously learning new technology trends. By staying ahead through self-growth, it is possible to foresee potential economic changes and ultimately be more efficient.
2. Passion to help others be more successful in business and in life
A business coach should not only have the desire to share his or her knowledge to uplift and help others succeed but will strive and encourage their clients to become better versions of themselves. In other words, a great mentor is not someone who endeavors to be a front-runner but rather strive to create leaders. Therefore, they should be able to encourage clients to self-educate and invest in their own personal development which will ultimately lead to success in business.
3. Love business in general, not just one function or industry
Any mentee will want to learn from and take the time to listen to someone who’s been around the block a few times and can reference real life business experience confidently. Some of the best business coaches have a background in finance, marketing, economics or law. However, a great coach will need to be self-assured when it comes to every aspect of managing a business and be confident enough to offer tremendous support, advice and mentorship no matter what industry it involves.
4. Strong leadership, communication & relationship skills
Business coaching is not so much about ‘ticking the boxes’ but rather building an authentic and long-standing relationship with your clients. You need to be able to invest not only time and knowledge when it comes to helping your clients, but also embody your working relationship to build genuine rapport.
Knowing how to build a rapport with someone can encourage their willingness to assist, to work together and support one another. Studies have shown that open communication and a strong relationship between coach and client definitely contributes to the successful outcome of a mentoring program.
5. Confidence to have key decision makers as clients and colleagues
It is important to understand that great leaders and most business owners value and understand the importance of working with and seeking advice and opinions from like-minded entrepreneurs. A great business coach will endeavour to work with clients and colleagues who share the common objective of achieving success.
6. Care enough to tell people the truth
For any mentor to win the trust of his clients, honesty is essential. A client will prefer a business coach to tell the truth about potential pitfalls which might create bigger challenges down the road, rather than trying to avoid hurting their feelings.
7. Ability to leverage a proven, world-class system and model
ActionCOACH is business coaching on a different level. The brand not only protrudes pedigree and credibility, it is extremely powerful and if you understand the systems and coaching models you can be invaluable to your clients. The best coaches within the group utilises the tested approach, methodologies and structure which ultimately provides them with the necessary tools to manage their clients to the best of their abilities. If you are willing to follow the franchisor’s proven systems, you will greatly improve your chances of success.
8. Ability to personalize with your own creativity & critical thinking
According to the World Economic Forum’s top ten list of skills creativity and critical thinking ranks second and third respectively. These are such crucial traits for any business coach because he or she needs to be able to generate ideas while weighing up the potential risks and outcomes. They also go hand in hand with empathy, the willingness to work together, adaptability and most importantly innovation which are definitely human qualities necessary to achieve optimal results for clients.
9. Coachable with a willingness to learn, grow and develop new skills
A great coach is willing to do the due diligence, put in the initial hours, and go through the recruitment process which can take anything from three months or more. The entire business model of ActionCAOCH is built on proven systems and the wealth of knowledge readily available amongst colleagues and peers - that is why a great coach will utilize every possible avenue to improve their own skills to help their clients succeed.
10. Competitive, willing to set goals and go after them
Being a business coach means never giving up on clients until you find the right solutions for them. It is important to remember that successful people don’t wish a challenge was easier, they do their homework, prepare well and make sure they don’t fail. Determination and resilience to reach your personal goals and those of clients are probably the most important traits that will help to ensure success for any business coach.
11. Desire to give back by mentoring and teaching others.
Ask yourself why you want to get into coaching. If the answer is that you want to help people realize their potential, who will in turn help grow better communities, then you are on the right track. Every successful business coach has a lot of passion to help people realize their dreams and get them to understand what they're actually worth in business and how they can make the change. It is about showing small business owners just how profitable they could be.
How we can help
If you have the above traits and absolute belief that business coaching is your calling, why not give ActionCOACH an opportunity to help you achieve your dream? For more information, Click here to find out more about ActionCOACH Franchise opportunity.
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