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Your North Star - Why Is A Business Coach A Good Idea For Entrepreneurs?

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Posted 17th October 2010 at 08:47 AM by joeltmartin

Entrepreneurship is a concept that has grown in popularity in the past decades. Entrepreneurship is more than just home based business ideas selling products or setting up a business. It is about recognizing the right opportunities and grabbing them at the right time. The goal of entrepreneurship is to set up one or several streams of income so that your money works for you and not the other way around. An entrepreneur sets up businesses that run efficiently on their own with very little elbow grease required on the part of the business owner after the initial birth pains. A businessman who has to be involved in all the aspects of his business by actually doing the work himself is still a worker – with himself as his boss. An entrepreneur takes an opportunity to earn income by setting up a business that runs seamlessly without him having to sweat it out. Not to say entrepreneurs have it easy. They still have to go through the process of building his enterprise such that he would eventually be able to stand back to simply enjoy his passive income. Budding entrepreneurs still need guidance in order to help them get through the setting up stage of building their enterprise. You might then ask, why is a business coach a good idea for entrepreneurs?

There are many home based business ideas that could be turned into enterprises. There have been a lot of entrepreneurs who have actually tried out several of these home based business ideas themselves. Some have succeeded; some have failed. Obviously, you do not want to fail where others have already failed. You need a north star to follow. There are no hard and fast rules in entrepreneurship. You have to go with your gut, the market that you are in, and particular circumstances that come your way. There are, however, patterns that you can learn from and follow. This is where a business coach becomes more important. So, why is a business coach a good idea for entrepreneurs implementing their home based business ideas? A business coach can help a budding entrepreneur focus his sights on his medium and long term goals. It is very easy to get caught up in the daily grind of the business. Keep on doing what you are doing and you are likely to stay doing the same thing for years to come. What exactly do you want to build? What is your 5-year goal? Your 10-year goal? When do you want to achieve the financial freedom brought about by being able to build your own enterprise? A good business coach should be able to keep you focused on these goals.

The answer to the question of why is a business coach a good idea for entrepreneurs could not be underscored enough. You simply do not want to make mistakes that those before you have already committed. You do not want to spend as much time or even a longer time than others before you in setting up your enterprise involving any one of the home based business ideas you are considering. With the benefit of your business coach’s wisdom, you can avoid silly mistakes and move up the ladder of financial independence faster that those that went before you. Another answer to the question of why is a business coach a good idea for entrepreneurs is that they are able to share with you the best practices in entrepreneurship. You get to learn the ropes of entrepreneurship from the experts when you work with a business coach.

If you are still asking why is a business coach a good idea for entrepreneurs? That should be a no-brainer. Entrepreneurs need their north star in order for them to reach their goal of attaining financial independence at the soonest possible time.
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