
The Vast Benefits of Having Business Coaching For Business Owners
Have you experienced business coaching as a business owner? How beneficial was it to you and your business?
Today I have the privilege of hosting the amazing Steven Kay on the show. Steven is a multi-award-winning Business Coach and Mentor, the 4th person inducted into the Action Coach Hall of Fame (2009), and the No. 1 firm owner of the group (with a coaching team of 15), achieving the highest turnover and best client results. He believes success comes from short-term business planning and long-term personal and professional goals.
Steven aims to train business owners to become successful leaders with a great culture. His strategies around sales and marketing will grow your business, and for those with time challenges, he will systematize your business to have all of your team doing the work. In this episode, Steven and I have an in-depth conversation on the benefits of having business coaching and mentorship.
We look into what makes a great business coach, how coaches add value to businesses, attributes of great business owners, and franchising, among other interesting topics.
If you have been contemplating having a business coach or planning on changing your coach, this episode is for you.
Steven Kay has nuggets of wisdom that will greatly aid you. Listen and learn.
Key Talking Points of the Episode:
[02:24] What makes a good coach?
[07:09] What makes a good business plan?
[10:16] How does a business owner know they need a coach?
[11:56] The value a business coach brings to a business owner
[16:05] Steven’s coaching success stories
[20:07] The biggest obstacle to achieving success in a business
[23:14] Attributes of a successful business owner
[27:01] How does mental toughness express itself?
[32:13 Example of failures that Steven has experienced as a coach
[38:19] Steven’s opinion on franchising
[40:06] How Steven helps his clients with franchising
[48:27] Steven’s experience in buying and selling businesses
[49:52] How Steven helps people grow their businesses to a level they can exit
[55:31] Growing a business through acquisition
[57:25] When is the right time to tell employees a business is for sale?
[59:05] Steven’s advice to business owners
[01:02:07] People management
Magical Quotes from the Episode:
“A business will only grow when the leaders grow first.”
“If you only judge your business on your financial tax return every year, you’re not going to be successful. Tax returns are the past what you need is a really good plan forecasts for the next one to three years.”
“If you want to make some serious money in life and business, you’ve got to understand how money works.”
“No company grows and expands overnight.”
“If you lead people the right way, they’ll do all the work for you.”
“Mental toughness is the key to success today.”
“Slow down and talk to people to find out how to get the best appeal.”
Connect with Steven Kay:
Website: https://stevenkay.com.au/
Call: 0402 252 987
Visit Our Listings Page: http://tiny.cc/woe55
Visit Us: http://www.xcllusive.com.au
(02) 9817 3331