Grants and Funding for Business Coaching
Business West, an organisation that supports Businesses in the South West is offering government support for businesses to thrive. They believe that business coaching is an essential part of ensuring this happens. They state:
There’s strong evidence that good coaching can accelerate business growth.
A survey carried out by Manchester Inc. found the average return on investment to be almost six times the cost of coaching, and a report from the Personal Management Association showed that productivity increased by 86% when training was combined with coaching, compared to just 22% when training was carried out without a coach.
Lots of ideas but too busy to implement?
A busy CEO told me that she has a hundred ideas for growing the business, but never any time to implement them. This is where working with a business coach comes in handy. It’s an opportunity to prioritise what you want to achieve, work out the obstacles in your way (time, procrastination, difficulty in delegating, lack of focus etc), find solutions for them and a plan for implementing your ideas. The coach then holds you accountable to ensure that what you say you’ll do is done. A sharp focus in maintained and you’ll find that you’re able to change the way you’ve been doing things and find new, more efficient ways, that will help your business grow and be more profitable. Many clients say that they come away feeling clearer and motivated to take action.
Struggling with delegation?
As you grow as a business, you cannot do everything yourself. When you first set up, it’s possible you had to, but if you want to make more sales and handle more customers successfully, you will need to recruit more staff and delegate many tasks to them. Ideally, those you delegate to will have the skills to do these tasks better than you as they will be specialists and able to focus solely on that area of the business, e.g. finance. You can then focus on business development and finding new opportunities for growth. For many business leaders, delegation is a huge challenge as they fear that others cannot do things as well as them, or that they simply don’t have enough time to explain what is needed – it’s easier just to do it themselves. Investing time and effort in training and being able to delegate well saves a huge amount of time later on. I see too many businesses where the founder is the biggest obstacle to growth. A coach can help you address this and identify ways of recruiting and successfully delegating so that you free yourself up to look at the bigger picture.
Business relationships not going well?
When you’re stressed, it’s hard to keep your cool and communicate successfully. When you’re trying to do everything and there are not enough hours in the day and an important customer or client calls with a problem, you may not be in the best frame of mind to talk to them in a helpful and measured way. Or you may not communicate in a constructive way with your staff if you’re feeling overloaded. A coach will work with you to identify what is making you stressed and improve your communication so that you become more of an inspiration as opposed to a frustration.
How do you access funding for a business coach?
I know what it’s like from experience of applying for funding and tenders. You are busy enough, and the thought of taking time to write and fill in forms is enough to put you off. With Business West, it is pretty simple. They do most of the work and you come away with financial support to grow your business.You can find more about coaching grants here
Questions about business coaching?
If you have any questions about working with a coach, just give me a ring on 07785 996917 or email me catrin firstname.lastname@example.org