Think back to your first day at your first new job. You may have been excited about earning your first paycheck, or nervous about whether you would be able to meet your new responsibilities. You may even have been worried about being fired.

Those fears are normal, and to make the transition easier, most companies assign you to a buddy or trainer. That person is there to ensure your success in the first few days and weeks so that you are prepared to thrive in your new role. The question is: when you go into business for yourself, who’s going to hold your hand?

Starting a business is like that first day feeling all over again—except the stakes can feel much higher. When you’re building a business from scratch, there’s no one telling you what to do or how to do it. That can be immensely freeing, or it can feel paralyzing. Many entrepreneurs aren’t even sure how to pay themselves. It stands to reason that if you wouldn’t start a new job without training, you should at least consider whether you could benefit from hiring a business coach. Here are three benefits of working with a business coach:

1. Accountability

Many people struggle with managing their time as they make the transition from employee to entrepreneur. In fact, Forbes listed time as the single biggest challenge facing business owners. Having a coach provides a built-in system for accountability. They’ll also be able to look objectively at where your day is going and help you identify where to focus your efforts.

2.  Guidance

For many people, the endless freedom of working for themselves can be their downfall. Especially if it’s your first time going into business for yourself, it can be hard to identify what needs to be done to keep you compliant and out of trouble. A few missed filings or incorrect permits may cost you thousands of dollars out of pocket and even more in lost time. A dedicated coach can help you avoid these pitfalls and steer you in a safer direction.

3. Objectivity

The most underrated quality of a coach is their ability to see you and your business objectively. With the kind of eye that only comes from experience, a business consultant will be able to do much more than protect you from mistakes. Your coach will foresee industry trends and teach you how to take advantage of them. Moreover, they may even see strengths that you didn’t know you had, allowing you to niche down in a unique way.

Starting a business can be challenging enough even with all the right resources. Hiring a business coach makes success much more likely by leveraging years of experience in your favor.

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