[03.10.12]
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Becoming A Business Coach: Is It Right For You?

brian tracy,     starting your own business, becoming a, business owner, business background, social psychology, personal life, educational psychology, life coaching, business coach, coaching business, job search, business executives, strategic issues, education, business, coaching, coach, employment During a long career and especially during job search, we are often left to wonder whether we are doing right by ourselves and our families.

We toil long and hard week after week.  And are left with a sense of deep satisfaction. Or a sense of longing for something different, something better or something more fulfilling.

If you know what makes you happy at work, you will be able to work in a job that brings a smile to your face each day.  Or at least the smile comes easier than when you were working in a job that was simply a poor fit.

Are you satisfied or longing?

If you find yourself longing for something different in your career, then here’s something to consider.

Start working for yourself.

I know after speaking to many of you that the idea of starting your own business is a real option.  A few of you are buying into a local franchise opportunity.  A few are consulting or coaching others.  And some are going the traditional entrepreneur route and launching a new product.

So for those of you with an open mind to starting something new, here’s something to think about:

Become a business coachclick here to learn more

Does your personality, work-style and business background line you up well to coach others?  Has starting a coaching business been on your mind?

Typically a business coach has a background as a highly skilled, past mid-senior level business executive, operator and/or owner.  Is that you? Watch my video below filmed for About.com which asks a few questions to assess the right career choice based on your personality and work-style:

So how did you answer these questions and how does working as a business coach fit?

If you have been a consultant during your job search transition, you know how it feels to work “with” vs. “for” a company.  You know that it provides flexibility and a chance to use your experience to help a company grow in a very specific way and at an important time.  It also provides less security vs. a full-time role.  So you should understand the pros and cons completely before making a decision.

Here’s how coaching works and who should consider becoming a coach:

What is business coaching?

What is a Business coach? Business coaching and business coaches are a strategic tool used by business owners and executives to drive growth and change. Coaches are sometimes referred to as executive mentors or business consultants.

A good opportunity for baby boomers?

Boomers with the right experience can be great coaches.  If you have experience in management, marketing, sales, manufacturing, accounting, legal, human resources (HR), operations or have been an entrepreneur or business owner, becoming a business coach is an option you should at least consider.

How are coaches used by businesses?  What role would I play?

Business owners and executives are facing challenges faster and more forcefully than ever before. They use coaches to navigate a variety of critical business issues such as:

  1. Increased competition
  2. Shortage of good, new employees
  3. Speed of information and decision-making
  4. New business models are challenging established processes
  5. Time challenges, both personal and operational.
  6. Money. Making more and keeping more.
  7. Exit Strategies. How can a business owner sell the business, or an executive groom a replacement?

To learn more about becoming a business coach and to understand if the lifestyle and workflow is right for you, click the link below:

Click here to learn more

Finally, here are a few questions for discussion (leave your thoughts in the comments below):

How many of these issues can you help to solve? 

How would you like to solve them as the owner of your own coaching business or franchise?

What other options should job seekers consider if the path to the next job has been difficult or the idea of going back to an office job has you less than motivated?

Looking forward to your feedback as always!

Tim Tyrell-Smith is the creator of Tim’s Strategy. As a blogger, Tim has been a regular contributor to U.S. News and World Report, interviewed twice on NPR and is the author of two career books (“30 Ideas” and “HeadStrong”). Become a fan at http://facebook.com/TimsStrategy and follow on Twitter (@TimsStrategy). He lives with his wife and three kids in Mission Viejo, California.

Tim Tyrell-Smith – who has written posts on Tim's Strategy®.



Written by: Tim Tyrell-Smith
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