Business Goals: Why Start with Why?
One of the first things you learn in business coaching is to find your “why.” It’s the same for any business owner. It’s not so much about what you want to achieve but why you want to achieve it. This leads to setting clear and significant goals which are easy to quantify, understand and communicate.
To achieve success, you must start with the end in mind. You will no doubt have heard the analogy about driving. You would not set off in your car unless you had set the destination in your sat-nav or having consulted the map to confirm how to get to the selected destination. However, there is another more important question that should also be asked– why am I going to this destination? This is the same ideology that should apply to your business – clarifying you’re “why” will inform “where” you take it.
Business Goals: Starting with Why in Terms of Customer Communication
Simon Sinek talks about starting with why in terms of customer communication. This is the external “why” and enables you to link it, through how you do things to what you do and create better marketing messages to be used to acquire and develop customers. This external “why” is a fundamental requirement for achieving business success. However, the internal “why” should be clarified and understood to ensure your commitment to achieving success remains high and to create the drive and direction for your business. This is exactly why it is so important for setting your business goals.
There are two types of goals. There are “away-from goals,” those created by dissatisfaction at where you are now – or desperation. There are also “towards goals,” those created by a vision of where you want to be – or inspiration. History shows that where “away-from goals” are the main reason why one does something there is likely to be a decrease in drive or enthusiasm towards the activities required to maintain improvement once initial gains or successes are made. This is because the situation has improved and so the goals are not so strong. This leads to entering the comfort zone. When in the comfort zone no long-term improvements are made. Usually, short-term gains are followed by short-term losses and status quo is maintained, or a gradual decline over time is observed.
Business Goals: Set Clear “Towards Goals”
The only way to get out of, or to avoid entering the comfort zone is to set clear, significant and relevant “towards goals.” These may be financial, material, experiential, emotional such as pride in achieving something. Your goals also may be targeted towards improving the lives of others or impacting your community.
Whatever form these goals take; understand that it is the manifestation of your internal “why.” So, how well do you understand your “internal” business goal and how well is your business aligned to achieving it?
Reason #1: Different styles and methods of business coaching don't work for everyone
It's important to be honest with yourself and conduct a realistic assessment when it comes to business coaching. Though business coaching can have many benefits, it might not work for everyone.
Every individual brings their own experiences and values to the coaching dynamic, so results will vary. Additionally, some individuals might need more than just a coach. They might also need specialised knowledge or communication strategies specific to their industry or target audience. Below are a few key factors to consider:
Reason #2: There is no clear focus or vision (talk about time dedication here too)
cIt's important to be honest with yourself and conduct a realistic assessment when it comes to business coaching. Though business coaching can have many benefits, it might not work for everyone.
Business coaching is an effective tool for developing a clearer focus and vision for growing your business. A good coach will help you to take a comprehensive look at your strengths, weaknesses, and available resources that can be used to reach those goals. They will also help you draw up action plans with step-by-step instructions to get there.
By providing honest feedback and being patient throughout the process, a business coach can make sure that you’re on the right track. This will enable you to set realistic milestones and tasks.
These tasks may need dedicated time outside of coaching sessions. For example, a coach might help a client develop a marketing strategy or implement new systems for managing employees. However, if the client does not have enough time to devote to these tasks outside of coaching sessions, progress will likely stall.
Both the coach and the client must have enough time available to reflect on past experiences, brainstorm new solutions, and test out different strategies. If either party is rushed or distracted during coaching sessions due to other commitments or obligations, they may struggle to fully engage in this process.
Effective business coaching also requires a commitment to regular meetings and ongoing communication. If either the coach or the client does not have enough time to dedicate to these meetings, progress may be slow or nonexistent.
It's important to recognise that business coaching is an ongoing process that takes time to yield results. While some clients may see improvements after just a few sessions with their coach. Others may need months or even years of consistent effort before they begin seeing real changes in their businesses.