What is Business Coaching?

Business Coaching is a collaborative relationship between a business owner or future owner and a business coach with the aim to grow the business strategically. The business coach works alongside the client to design the long-term vision of the business that aligns with the values of the business owner.

Business Coaches provide you with the guidance, support and accountability you need to achieve your business goals. The business coach is not a consultant but a professional who will empower you to enhance your leadership abilities and find your own answers by tapping into your inner wisdom and resources.

The Business Coaching practice involves a collaborative, structured process by clarifying your business vision, help you in designing your Business Model, SMART Goals setting, and designing Action Plans in line with your values and business purpose.

Additionally, the business coach will provide you with ongoing support, motivation, specific tools, constructive feedback until you reach your business goals. The business coach will empower you to take your own decisions and help you enhance your leadership skills.

How do you know that you need business coaching?

  • You are an entrepreneur or founder of a start-up
  • You have many business ideas but you don’t know where to begin
  • You are a business owner who wants to grow strategically in your business
  • You want to improve your time-management, communication skills or want to upskill.
  • You are seeking better work-life balance
  • You are an individual who wants to develop your leadership, decision-making, and strategic planning.
  • You want to better identify your blind spots
  • You are feeling overwhelmed in your business
  • Your business is stagnating or at a standstill
  • You want to gain a fresh perspective of your business

The Process of Business Coaching

1.CLARITY OF YOUR BUSINESS VISION AND PURPOSE

The first step involves clarifying your long-term business vision and purpose in alignment with your values. Where do you see your business in 5 years from now? It is the bigger picture of your business. The purpose of your business takes into consideration the impact of your business for the community as well. As Dr. Krishna Athal mentioned in his workshop The Responsible Entrepreneur, the 3Ps towards a successful business are Profit, People, and Planet. This lays the foundation of your business model.

2. DESIGN YOUR BUSINESS MODEL

Once you are clear about your vision and purpose of your business, the next step would be designing your business model. Your business coach will assist you in building your business model including your long-term vision, your targeted audience, your services or products, marketing strategy and your financial forecast.

An implementation timeline is also set to ensure accountability. The Business Model provides a strategic roadmap and helps the business owner to focus on the core of the business. The ROI-Return on Investment is also taken into consideration. Moreover, the business model can also serve to attract investors and stakeholders.

3. GOAL-SETTING AND DESIGN OF AN ACTIONABLE PLAN

Next, the coach helps the client to design SMART-Smart, Measurable, Realistic, and Time-bound goals. The actionable plan is the process of breaking down major business goals into small manageable steps. Other factors are taken into consideration such as the measurements of success or related KPIs-Key Performance Indicators.

Timelines are also set acting as a clear visual roadmap for the business owner. This ensures accountability and progress tracking. In essence, the business model sets the destination, and the action plan provides step-by-step directions for the journey.

4. PROGRESS AND GOALS MONITORING

The business coach does not stop there but continuously monitors the progress of the business owner. Furthermore, the coach considers the challenges or obstacles that the client is facing and offers support and constructive feedback to the client. Adjustments and reviews are made if necessary. Accountability ensures that the client stays on track in his or her business goals. The small wins of the business owner is also celebrated and accounted for.

The role of NIRVANA in Business Coaching

Through YUVA Mauritius, I got the opportunity to attend many women entrepreneurs workshops led by Dr. Krishna Athal, and I also got the opportunity to coach some 20 women in business coaching. I witnessed many transformations following the one-to-one business coaching sessions with the women entrepreneurs.

They experienced enhanced clarity, mindset shifting, more confidence, determination, empowerment, enhanced decision-making, and they adopted an action and business mindset. The women stated that they got more clarity of their Business goals and that the sessions have greatly helped them in the expansion of their business.

NIRVANA offers tailored business coaching sessions designed to help you launch your business, expand your business, efficiently manage your business, and achieve your highest business goals aligned with your values and purpose. Being a woman entrepreneur myself and the founder of NIRVANA, as a business coach, I look forward to supporting more women in their entrepreneurial journey and help them achieve their highest business goals.

Yashna Veera, Life Coach and Yoga & Meditation Practitioner

Leave a comment