#094: Why You Need a Business Coach

The Double Win

Michael Hyatt

Education, Productivity, Influence, Teamleadership, Self-improvement, Selfdevelopment, Achievement, Business, Intentionality, Management, Personaldevelopment, Selfleadership, Leadership

4.8 • 1.5K Ratings

🗓️ 19 October 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You’ve worked hard and achieved a lot. But success brings a new problem: What to do next. That brings a whole new pressure from your team, your customers, and yourself. You may feel like you’ve used all your best ideas. From here on out, you’re faking it. That can be super stressful. But there is a way to keep the momentum going. We’ve learned the simple secret to keeping yourself one step ahead of the growth curve—and the competition. You need a coach! And we’ll show you why. Make this investment in yourself, and you’ll be energized, in the know, and more successful than ever been before. You can finally break out of the imposter syndrome and feel focused, relaxed, and in control of your business again. Here’s a preview of this episode.When we decided it was imperative to have a coach for ourselves.The main thing a coach can help you do.How a coach gives you an edge against the competition.How a coach keeps you from getting in your own way. [6:01]How the image of coaching has changed from “remedial” to “performance enhancing.” [6:55]Signs that you might need a coach to get to the next level.One fallacy that keeps leaders from seeking outside help or advice.What a coach can show you that they don’t teach in business school.How a coach’s “outside” point of view helps you process failure.Why your own team can’t help you in ways a coach can.How to “outsource” your mistakes using a coach.Why it’s valuable to have a coach with experience outside your industry.Two things you need to grow your business that a coach provides.How coaching provides breakthrough moments in your thinking.Why a coaching session is better than personal “thinking time.”The essential presupposition that makes a coach incredibly helpful.Key questions a coach will force you to think about.How having a coach will help you build a stronger team.Why you should block time after coaching sessions for further thought.The very best reason why you should hire a coach.Once you’ve listened to the episode, take the free Business Health Assessment. It’ll evaluate your business based on seven metrics. You’ll receive a personalized score on your strengths and weaknesses, and gain real clarity on where a coach can help you most. Try it! Text a Friend Chances are good that you have a friend or business associate who could benefit from this episode of Lead to Win. Why not text them a link right now? And if you haven’t yet reviewed the podcast on iTunes, would you do that today? Your ratings and reviews are one of the key ways we keep this podcast visible to other leaders. Please help them find this great content. Resources from This EpisodeBusiness Health AssessmentThe E-Myth Revisited by Michael E. GerberThe War for Talent by Ed Michaels, Helen Handfield-Jones, and Beth AxelrodBusinessAccelerator See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by Belay, and they're free resource the ultimate guide to working with an executive assistant.
0:08.0	This guide is packed full of helpful tips and tools to help you learn how you can leverage an executive assistant to find freedom in your life and in your business.
0:17.0	Simply text BA to 55123 to download it. That's BA to 55123.
0:26.0	Hi, I'm Michael Hyatt. I'm Megan Hyatt Miller, and this is lead to win our weekly podcast to help you win at work and succeed a life.
0:35.0	And today we're going to tell you why you need a business coach.
0:41.0	Yeah, you know, this is really interesting because people sometimes resist the idea that they need a coach even when all the signs are there.
0:50.0	But sometimes I think you realize that you've grown as far as you can go and you're wondering, like, what am I going to do next? You know, is somebody going to find me out?
0:57.0	You kind of have that imposter syndrome, but unfortunately for a lot of us, we get so busy in the day-to-day operations of our business that it's really hard to think about strategy.
1:07.0	And it's hard to think about kind of what our plan is to go to the next level.
1:11.0	Yeah, and so today we're going to show you the way out of that dilemma, and we've got three reasons you need to hire a coach.
1:17.0	And Larry, welcome to the show.
1:19.0	Thank you. Good to be here.
1:21.0	I know that you both have a coach that you consult with.
1:25.0	But something like two thirds of CEOs get no coaching or no leadership advice.
1:33.0	They're all inside their own head.
1:36.0	And does that surprise you that so many people don't have a coach?
1:39.0	I don't find it surprising, but I do kind of find it stupid.
1:42.0	You know, I got to tell you a story.
1:46.0	So back about 20 years ago, and I've told part of this story before, but I haven't told the part of about to tell very much.
1:53.0	And that is that I ended up turning around a division that was a part of Thomas Nelson publishers.
2:00.0	And that division was dead last in every metric over the course of 18 months.
2:04.0	We turned it from dead last 14 out of 14 to number one in all the important metrics.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Michael Hyatt, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Hyatt and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.