The short answer is it is very similar to executive coaching since the focus is on the CEO of the business with very similar challenges and issues as any executive faces, however, on a smaller scale. The CEO of a business is looking for improvement in the performance of the business with a need to develop their team to attain goals. Business coaching typically results in improved learning for the CEO that results in behavior changes that can quickly show up in results for the company. The business CEO also needs the same coaching as an executive in a large corporate organization around decision making, establishment of priorities, developing leadership skills, managing their staff, identifying market needs, and increasing productivity to achieve financial goals. A business coach becomes a partner with their client to resolve any business related challenges and ultimately to grow their company.
The best business coaches come from the executive levels for several reasons. An executive coach has come from the same trenches where they have learned from their successes as well as their failures. An executive coach understands leadership, how decisions are made, and where the power resides in an organization. As a business coach, the advantages of knowing best practices, how to motivate teams, and how to grow a bottom line are priceless to the business CEO. The CEO of a business also benefits by an energetic shift that results in greater organizational focus on the right priorities, effective strategies, accountability of the CEO and the team, and better decisions around staffing.
You need a business coach if the following sounds familiar to you: