5 Signs Small Business Owners Need a Coach or Mentor


Has running your business become a struggle? Is your business growing fast, and things are going well? A business coach can help you regardless of where you fall on the spectrum. If you’ve been wondering if working with a business coach would help you on your journey, look for the following five signs.

1. You have more questions than you do answers.

Running a growing business can be fun and rewarding. But it can also be overwhelming and challenging. You may find that what once felt easy and freeing is starting to feel exhausting. Most entrepreneurs think they know what they’re doing when they start out in business. They know their industry and how to do the work. It seems easy.

But as the company starts to grow, there are all the additional business tasks that need to be done as well. Many new business owners and entrepreneurs don’t have experience in these parts of business, which means everything takes longer than it needs to.

You may even find that your confidence is starting to wane. As a result, you struggle to know what action to take or how to make the best decisions for your business.

When you start to have more questions than answers, it’s a good sign that you could benefit from working with a business coach or business consultant. You can also benefit from connecting with mentors who have walked the path before you. Tap into the experience of someone knowledgeable in the areas of business where you are struggling.

2. You are stuck in the “growing pains” stage of business.

Every growing business experiences growing pains from time to time. A classic example is the pain of needing to hire more employees in order to continue growing but needing more business in order to make the hire. You can’t figure out how to do one without the other. It’s easy to get stuck in this place when you don’t know the best options for moving forward.

It helps when you have the perspective of someone who isn’t stuck in the weeds of your business with you and someone who is experienced in navigating these growing phases of running a business.

3. You have a lot of ideas and no one to run through them with.

Entrepreneurs and business owners tend to be visionaries with a lot of ideas. You may have multiple ideas on ways you could grow your business, new markets to tap into, new products or services you want to begin offering. But it’s challenging to think through the pros and cons of each option on your own. So, it’s helpful to have someone you can bounce ideas off as you think through them.

Not only will a business coach listen to your ideas and thoughts around them, but they can also help you choose the best avenues to pursue and develop actionable plans to move the needle forward.

4. You realize, “you don’t know what you don’t know.”

Things may be going great in your business. The numbers are moving in the right direction. Your team is working well together. Everything you are doing seems to be working, but along the way, you’ve learned that “you don’t know what you don’t know.” So, even though things are good right now, you want to keep them moving in the right direction, and you aren’t sure what’s coming next.

Some people think that business coaches are only for struggling business owners, but that’s not true. The most successful entrepreneurs and business owners work with mentors and coaches who hold them accountable.

5. You know there is something more or feel you have untapped potential.

If you ever have the feeling that you’re capable of more than you’re doing, it’s a great sign that you should find a coach or mentor to connect with. It’s OK if you don’t know exactly what you need help with. If you have this hidden feeling inside of you that there is more out there for you or that you are ready for the next level, an experienced coach can help you find your way.

How do I find the right business coach for me?

If you’re ready to find a coach to work with, you may be wondering what to look for when choosing the right one. Here are a few things to keep in mind during your search:

  • Do their values align with your values?
  • What education and/or credentials do they have?
  • What are their current or past clients saying?
  • What experience do they have in your industry or niche of business?
  • Are you one of their ideal clients?
  • What coaching options are available?

Many different options are available for entrepreneurs and business owners looking to work with a coach. For example, SPEARity offers group coaching, one-on-one coaching, and a hybrid opportunity. If you’re interested in exploring your options, reach out today to speak with one of our business coaches in Milwaukee.

Recent Blog

Share Now