Business owners need friends too

Amanda Coulson has been working to help business leaders for more than 30 years, but now more than ever leaders in the business world are looking for a network of support.

As many business owners will tell you, now is not an easy time to lead an organisation. 

Since the onset of the Covid pandemic, there has been a chain reaction of global events that have created one of the most challenging environments for business in generations. 

From Brexit and the war in Ukraine through to the Cost of Living crises and rise in mortgage rates, businesses are facing a prolonged period of uncertainty that has seen continual changes in the expenses of running a business, supply chain issues, a squeeze on consumer spending and pressures on funding reserves already run dry by the pandemic.

During more than 30 years of working with business leaders and entrepreneurs, I’ve seen the vital role mentoring and coaching plays in supporting key decision makers, and there’s never been a more critical time to embrace that support. 

Being a business owner can be very isolating and lonely at times. There are certain conversations you just can’t have with members of staff, because it’s not appropriate to show the level of vulnerability and accountability needed to be honest to yourself. 

Every business owner starts their business with an idea they are passionate about, but this can be knocked out of you when the going gets tough. It can make all the difference to find like-minded people you can share ideas and concerns with. 

For me, when it comes to talking about your business, those conversations shouldn’t be with family or friends. You will need a touchpoint with other entrepreneurs who really understand and can see things from your point of view.

Finding the right coach or mentor can transform your business. Even now, discussions I had with one of my first mentors 20 years ago still impact my thinking. The right business coach will provide exactly the right balance to allow you to reflect on your plans and decision-making without letting this lead into doubting of yourself and your principles.

As a qualified ILM Trainer and Executive Business Coach, it is a privilege to see the impact the right advice at the right time can have on individuals and their organisations. I’m also fortunate to have had the opportunity to work as one of the UK’s select group of mentors approved by Vistage, the world’s most trusted CEO coaching and peer advisory organisation.

My work with Vistage provides global insights into the ways top executives shoulder the weight of their company’s most critical operations and keeps me up to date with the latest thinking. I’ve seen the value of ongoing collaboration in various settings, and the ways in which lifelong leadership excellence can elevate companies, strengthen performance and foster sustainable growth.

At SVC Solutions we share this knowledge through a range of business training and development opportunities, including bespoke mentoring programmes tailored specifically for the needs of entrepreneurs, business leaders and senior management. 

Related Posts