Deciding to hire a private coach is a big one. It’s a significant investment of both time and money. But if you’re serious about taking your financial advising business to the next level, private coaching is an invaluable resource. Here are five things you can expect from working with a private coach:

1. A Safe Space to Be Vulnerable

A safe space is one of the most important aspects of private coaching. This is because to make any real progress, you need to feel comfortable being vulnerable around your coach. It is important to be able to confide in them and express any fears or weaknesses honestly. Only then can they help you develop a plan to overcome these things. A good coach will understand that everyone has different needs and will adjust their approach accordingly. They will also never judge you or make you feel like you are not good enough. If you feel like you can trust your coach and feel comfortable around them, then you are more likely to benefit greatly from private coaching.

2. An Objective Perspective

As the saying goes, “it takes two to tango.” The same can be said of running a successful business; it takes two partners with complementary skill sets to make things work. One partner may be good at big-picture thinking and strategy, while the other is better at day-to-day operations and execution. But what happens when both partners are bogged down in the weeds of running the business? This is where an objective perspective can be incredibly helpful.

A coach can provide an unbiased view of your business, help you to see what’s working and what’s not, and develop strategies for moving forward. This outside perspective can be invaluable in terms of identifying areas that need improvement and developing strategies for moving forward.

3. Tailored Support

When it comes to business coaching, one size does not fit all. A good coach will take the time to get to know you and your business so they can tailor their support specifically to your needs. They’ll also be flexible in their approach, adapting their style as needed to better meet your needs. This tailored, flexible approach is essential for getting the most out of coaching. It allows you to work with a coach who understands your business and can offer support that is targeted to your specific needs. As a result, you’ll be able to make the most progress and achieve your goals more quickly.

4. Accountability

The best coaches are those who will hold you accountable for your goals. It can be easy to get sidetracked or lose motivation, but a coach who keeps you accountable will help you stay on track. They should check in with you regularly to see your progress and offer encouragement when needed. A good coach knows how to push you without making you feel overwhelmed. They will help keep you accountable so that you can reach your full potential.

5. Results-Oriented Focus 

At the end of the day, what matters is results. A good coach will have a results-oriented focus, helping you to identify measurable goals and create actionable plans for achieving them. If you’re not seeing results after working with a coach for a while, it may be time to move on and find someone who is better suited to help you achieve your specific goals. 

Private coaching is a big decision—one that comes with a significant investment of both time and money. But if done right, it can be an invaluable resource for financial advisors who are serious about taking their businesses to the next level. When choosing a private coach, look for someone who provides a safe space for vulnerability, offers an objective perspective, tailors their support specifically to your needs, holds you accountable, and has a results-oriented focus. With the right coach by your side, anything is possible!