Ep 16. Replicating or Resonating: What Makes a Good Business Coach?

Summary

In this episode, Joel and Jed discuss the pitfalls of the coaching mentality for small business owners. They highlight the prevalence of shiny object syndrome and get-rich-quick mentality in the industry. They differentiate themselves from other coaches by focusing on clients' goals and the importance of patience and setting up a solid business foundation. They express disdain for coaches who prey on business owners in moments of weakness and offer quick fixes without considering long-term success. They emphasize the need for individual support and a customized approach rather than a one-size-fits-all replication model.

 

Takeaways

• Avoid the pitfalls of the coaching mentality that promotes get-rich-quick schemes and shiny object syndrome.
• Choose a coach who focuses on your goals and helps you build a solid business foundation.
• Beware of coaches who prey on business owners in moments of weakness and offer quick fixes without considering long-term success.
• Look for coaches who take a long-term approach, understand your unique business, and help you achieve your desired lifestyle.

Chapters

00:00 | Introduction

01:04 | The Pitfalls of the Wrong Coaching Mentality

06:47 | The Importance of Business Foundations

08:09 | The Consequences of Skipping Business Structure

11:22 | The Downside of Group Coaching

15:48 | Hustle Mentality in the Creative Industry

18:33 | Long-Term Approach of Respected Coaches

19:30 | Advice for Business Owners

20:00 | Case Study: Starting a Business with Clear Goals

23:28 | Wrap-up and Call to Action