What is a Business Coach?
A business coach is a technical coach who provides guidance, expert advice, and support to entrepreneurs looking to grow and establish their businesses.
A business coach's role is to identify roadblocks to achieving their goals and create a plan to overcome them. He must have an extensive experience in business and has worked in various industries to help clients identify areas of business they can improve performance and get better results. Business coaches can work with clients on a project basis or ongoing support monthly.
Business coaching is a good route for entrepreneurs who don’t have access to larger organizations. A Filipino entrepreneur will be guided on business strategy, marketing, sales, financial management, operations, human resources, and other vital business areas through this technical coaching.
Business Coaching Philippines: Why Do You Need It For Your Organization?
Business coaching can be a valuable investment for your organization in the Philippines. Here are some reasons why:
Identify blind spots
You wouldn’t know the weaknesses of your business unless someone tells you. A Filipino business coach can help you identify blind spots that hold you back from achieving your success goals. This is where you can identify areas to improve your processes, reduce costs, and ultimately increase revenue.
Develop a growth strategy
A growth strategy is what every business needs to achieve its goals. With strategy, resources are well-spent. A business coach can help you maximize your resources to adapt to your industry's current market conditions. He can help you identify new opportunities and develop a plan to grow your business.
Increase productivity
Running a business is doing many different things at the same time. This should not be the case. You want to gain focus to improve productivity for your organization. A business coach in the Philippines can help you streamline processes, reduce waste, and improve other business areas, such as employee engagement.
Improve leadership skills
The growth of your business depends on the development of your leaders. A business coach in the Philippines can help level up your leadership skills and become more effective in your role. This passes on to your leaders in helping them make better decisions, improve communication and create a healthy workplace culture for their business.
Business Coaching Philippines: An Entrepreneur Who Did It Best
You can quickly search for any business guru or a motivational speaker on social media platforms. But this isn’t an excellent way to ensure you hire the best business coach for yourself.
Find a Filipino business coach with extensive experience who understands the Filipino context to give you fresh perspectives on your business.
GoNegosyo Mentor
Venchito actively contributes to GoNegosyo, a powerful advocacy of the Philippine Center for Entrepreneurship (PCE), a non-profit organization that advocates for a transformative change in mindset and attitude. GoNegosyo believes that entrepreneurship, characterized by optimism, passion, creativity, innovation, resourcefulness, diligence, and perseverance, can combat poverty in the Philippines. The organization encourages individuals to take control of their resources and abilities and transform them into viable enterprises.
One of GoNegosyo’s impactful programs is 3M On Wheels, a nationwide mentorship initiative empowering entrepreneurs. Serving as a quick-stop mentoring platform, 3M On Wheels provides capacity-building development through onsite mentorship encounters across the country, free of charge. Venchito actively participates in this program, sharing his knowledge and expertise to support aspiring entrepreneurs in their journey to success.
Serial Entrepreneur
Venchito’s marketing prowess and deep expertise have earned him widespread acclaim from diverse media channels, evident by his regular contributions to discussions on digital marketing across various platforms.
As a highly regarded speaker, he has delivered compelling presentations at international conferences, national industry events, Philippine government seminars, and exclusive in-house training sessions for renowned corporations in the country. Venchito’s vast knowledge and skill in the field have solidified his reputation as a sought-after authority in marketing circles.
Venchito’s entrepreneurial spirit and strategic leadership have propelled the growth and achievements of two thriving companies that he co-founded and led. One of these companies, SharpRocket Digital Marketing, has earned a reputation as one of Asia’s foremost digital marketing firms. Through their highly effective campaigns, they have enabled numerous small and medium-sized businesses and prominent clients like Shopify, Eatigo, Vivo, and Credible to attain their growth objectives.
As a Co-founder and Director of Hills & Valleys Cafe, Venchito has also made his mark in the culinary industry. The premium cafe in Bulacan is renowned for its unparalleled customer service and signature drinks, most notably the beloved Frosted Hills™. This unique beverage has become a customer favorite and has played a significant role in the cafe’s success, adding to Venchito’s diverse portfolio of achievements.
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When is it time to get a business coach in the Philippines?
Perhaps, you’re thinking about the right time to hire a business coach. Here are some factors to consider to help you decide:
Stagnating growth
If your business is experiencing stagnant growth, it’s time to seek help from a Filipino speaker on entrepreneurship. A business coach can help you identify the root causes of your problems and get you to overcome them.
Lack of clarity
Without vision, you’ll perish—the same thing with business. If there’s no clarity, you can’t expect growth for it. A business coach in the Philippines can help you develop a clear strategy, direction, and comprehensive plan to achieve your goals. You can expect better decision-making, results, and overall performance through this.
Lack of accountability
If you’re a solo entrepreneur or just opened a startup, you may not have an accountability coach to guide you along your business path. This can lead to poor performance and missed deadlines. A business coach in the Philippines can help you create a unique culture of excellence through proper accountability.
High turnover rates
If you experience high turnover rates due to poor organizational culture, it is a sign to seek help from an expert. A business coach in the Philippines can help identify the root causes of turnover and create strategies to address them adequately. This can lead now to better employee engagement.
What to Look for When Hiring a Business Coach in the Philippines?
Anyone can claim to be a business coach through their shallow marketing strategies. However, one with truly dedicated experience is a business coach of your choice. Here are some key factors to consider when hiring a business coach in the Philippines:
Extensive Experience
Look for a business coach who started and grew his company. Before coaching you to develop a business, you must be an entrepreneur. He could then understand your challenges and issues, so he can help you overcome them as he experienced them.
Flexible Coaching Approach
A Filipino business coach customizes his coaching approach across his clients. Find a coach with flexible methods to give you personalized guidance for your business. This should be tailored to the needs and unique situation of your organization and yourself.
Value for money
ROI for your time and money invested. That’s what you want if you hire a business coach in the Philippines. Find someone with a reasonable professional rate and decide based on your current situation. Warning: not all affordable business coaches can provide high-quality business coaching. So beware of them.
Communication Skills
Easy to talk to. Find a business coach in the Philippines with excellent communication skills to help you understand complex ideas and simplify them so you can directly apply them to your business. A great business coach is a great communicator—someone who can guide you toward the success of your business.
Business Coach Philippines FAQs
A business coach can improve your business by providing tools, strategies, and frameworks to address your current challenges and overcome any roadblock to reaching your goals.
They can help you see new perspectives and patterns and create action plans that build momentum for the organization.
The cost of hiring a business coach in the Philippines ranges between Php50,000 and Php10,000,000.
It widely depends on several factors, including:
Credibility and experience level of the business coach
The more profound experiences a business coach has, the higher he can charge for his experience in coaching business owners.
The larger businesses he also established, the more additional cost could pile up to his professional fees as a business coach.
Business size and industries
Another factor business coaches consider when charging their professional fees is the size of the business and the industry they’d like to help with.
The more complex business operations it has, the more expensive the professional fees will be.
And the reasons are the intensive outlook, perspective, systems, and much more thinking a business coach must invest in, to come up with strategic advice to help the business owner.
Some industries are too complex and fast-moving, which may require more time for the business coach to research before providing consultative advice to the entrepreneur.
Yes, a business coach can help with specific challenges a business is facing by giving tailored solutions, advice, and guidance.
These tips and strategies might be missed when trying to do it yourself.
So, finding a business coach with solid experience and expertise in coaching other entrepreneurs in various industries is best.
The coaching process typically starts with an assessment of your current situation and the situation of your businesses.
This helps the business coach identify weaknesses, blind spots, and improvement patterns.
The length of coaching progress depends highly on your specific needs and goals. It could last for months or years.
The higher the business goals, the longer they typically will last.
Yes, a business coach can work with businesses of all sizes and industries.
The more experienced a business coach is the broader his scope of business coaching. This means he can cater to various industries with the same framework tailored to every business’s goals and needs.
A business coach differs from a consultant in that a consultant provides expert advice and solutions. In contrast, a coach works directly with the client, guiding him to develop his own answers and strategies.
Conversely, a mentor provides support and advice based on his personal experiences without necessarily knowing the inside and outs of the business.
A typical coaching session can involve discussing your current challenges, problems, and goals you want to achieve in the next few months or years (short-term and long-term goals).
Be ready as you will formulate action plans each week and have an accountability session wherein the main objective is to close the gap between where your business is correct and your desired destination for the company.
You can measure the impact of working with a business coach by tracking areas of progress in every department of the business.
Depending on the expertise of the business coach, your company must grow in areas designed to flourish based on your coaching programs.
Scale your business to the next level.
Contact us today to schedule a consultation.