Starting your own business is an exciting journey; along the way, you will encounter frustrating setbacks alongside the wins. It can be an overwhelming prospect at times, but it’s important to remember that behind every success story, there are a lot of mistakes and failures that the entrepreneur has to bounce back from. 

When you set up a new business, it is inevitable that you sometimes feel like you are stumbling in the dark and guessing the right path to take. This process is necessary to a certain extent as your idea develops and you adapt to the current market conditions. However, the right startup coaching and mentoring can make it much easier.

Here’s a look at the benefits of working with a start-up coach and how to pick the right one for you. 

A sounding board for your ideas

Your coach will have a lot of valuable experience and insights into the current business climate and will be able to provide you with sound feedback on your plans. Having someone knowledgeable to bounce ideas off in the early stages of your business can be beneficial.

A fresh perspective

Sometimes, it’s impossible to see potential pitfalls in a business plan, no matter how carefully you have worked on it. When you can’t see the wood for the trees, your coach can offer a new angle, spotting weaknesses and missed opportunities.

Realistic aims and goals

A startup coach will work with you to set realistic goals for your business and help you to work out a plan to achieve them. This ensures that you stick to your original business strategy and are not tempted to go down rabbit holes or be swayed by every bump in the road. 

Your coach will also hold you accountable to your goals so you do not waste time and keep your commitment levels 100%. 

Mental resilience 

When setting up your business, you will inevitably encounter knockbacks and failures. Your coach will help you build the right mindset to remain calm and objective in the face of rejection. This will increase your confidence, boost your morale, and help you see setbacks as opportunities to learn and develop. 

How to find the right coach

Ensure the coach has expertise in the areas you want most help with, such as digital marketing, strategy, networking, etc. Check out who they have worked with and look for recommendations from other entrepreneurs. Do they have specific experience of working in your sector or industry? 

Take your business to the next level.

We help medium-sized businesses to innovate and make measurable progress towards your business outcomes so your company thrives.

Over the years, we’ve used proven and guaranteed Innovation & OKR processes to generate tangible business outcomes in 12 weeks ️ for companies including Roche, IBM and many others.

Stay ahead of the competition. Learn more and contact us now.

By Andrew Constable MBA, LSSBB

Keywords: Entrepreneurship, Innovation, Lean Startup