Business Coaching... Done Differently
The Business Exceleration® Coaching program supports you on your business growth journey like no other program. In addition to working one on one with your highly skilled Business Excelerator®, we’ve established a panel of trusted partners to help grow your business, created a detailed and comprehensive e-Learning platform and built a “members only” hub with hundreds of tools and resources making it easy for you to implement strategies as you go.
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About US
Build The Business You Imagined!
Maxmyprofit (MMP) was established in 2015 by Ben Fewtrell and David Carlin to provide help and support to business owners who want to grow successful and profitable businesses. They have worked with enough business owners to know what works and what doesn’t and their main purpose is to provide business owners like yourself with the coaching and support you need.
Drawing on the established systems and over many decades of direct SME experience across various industries, the Business Excelerators at Maxmyprofit understand the major problems business owners like you face and provide education and guidance to help you overcome them
Each year our impact provides millions of dollars in new revenue to our businesses, more employment and more stability, but most of all, more piece of mind to our members and their teams that their business can grow and be successful.
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Our Business Excelerators provide a mix of accountability and inspiration, education and support, guidance and advice,picking you up when you need it and giving you a proverbial kick in the butt on occasion too!
They work with you using our tools to develop an action plan and ensure you stay on track to implement it. You will become crystal clear on what your goals are and will work with you to turn those goals into a reality.
Foundation – Getting Control
Building a foundation is the basis for any solid structure. This ensures the structure can stay in place without the need for you to have to continually be there to support it.
The Foundation Stage is about gaining control of your business, managing your cash flow and creating the profitability that will enable you to invest for long term growth.
There are 5 key areas of Foundation:
- Making sure your business is structured for growth
- Understanding your financials
- Having a plan to guide you and your team
- Investing your time in the right areas
- Test & Measure/KPI’s and reporting
Foundation – Getting Control
Building a foundation is the basis for any solid structure. This ensures the structure can stay in place without the need for you to have to continually be there to support it.
The Foundation Stage is about gaining control of your business, managing your cash flow and creating the profitability that will enable you to invest for long term growth.
There are 5 key areas of Foundation:
- Making sure your business is structured for growth
- Understanding your financials
- Having a plan to guide you and your team
- Investing your time in the right areas
- Test & Measure/KPI’s and reporting
Foundation – Getting Control
Building a foundation is the basis for any solid structure. This ensures the structure can stay in place without the need for you to have to continually be there to support it.
The Foundation Stage is about gaining control of your business, managing your cash flow and creating the profitability that will enable you to invest for long term growth.
There are 5 key areas of Foundation:
- Making sure your business is structured for growth
- Understanding your financials
- Having a plan to guide you and your team
- Investing your time in the right areas
- Test & Measure/KPI’s and reporting
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Our unique and exclusive “HUB” is available to provide you access to 100’s of resources all in one spot. These will assist you in building the business you imagined.
Our goal is to provide more businesses with interactive support and education than previously available in the market.
Whether your business is small, medium or large, in a growth phase or you have a more established business, we work with you to run your business as efficiently and effectively as possible.
As you read through the case studies, online reviews and stories of success, you’ll be inspired by the results business owners enjoy from the Business Exceleration® Program. From working less hours to seeing an increase in sales, stories of taking holidays and spending more time with the family, no matter what success means to you, we’re here to help you achieve your goals.
MaxMyProfit also offers Franchise Opportunities and are looking for some amazing people to join the team as a Business Exceleration® Accredited Franchisee.
What’s on this page
- What is business coaching
- What are the benefits of business coaching
- Business coaching versus business consultant
- Finding the right business coach for you
- How much does a business coach cost
- How to become a business coach
- What to expect in your business coaching program
- Investing in a business coaching franchise
What’s on this page
The purpose of this page is to provide a comprehensive insight into understanding business coaching. It is for business owners who are looking to hire a business coach, or just curious to learn about what business coaches do and how they help. It is also for people who are thinking about becoming a business coach and want to learn more about it. On this page you will learn about the benefits of hiring a business coach, the difference between a coach and consultant, how to find the right coach for your business, how much you should spend and how to become a business coach. To begin with, let’s define what business coaching is.
Essentially, business coaching is a collaborative relationship between a business owner, or a business’ employees, and a professional coach with the goal of strategically developing a successful business. A business coach can be many things, but essentially at the crux of it, a business coach’s role is to take a business from where it is, to where you want it to be. Importantly, a business coach isn’t the same thing as a business consultant. A business coach doesn’t do the hard work – the client does. A business coach is an educator, a confidante and someone who will help keep you accountable in all aspects of your business. Business coaches can also help with developing the skills necessary for success such as sales, marketing, management, finance, team building and more.
Now, what’s the difference between a good business coach and a mediocre business coach? Well, a good business coach doesn’t just tell you what to do or listen to what you have you say without offering any feedback. A good business coach is a trusted advisor, they are experienced and knowledgeable, and can provide solutions to your problems. A business coach provides directions, helps keep you accountable, and acts as a guide along your business journey so that you achieve your business goals.
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What Are the Benefits of Business Coaching?
There are countless benefits to hiring a business coach. There are the personal benefits, like being held accountable, and staying on track with your goals. And then there are the business benefits, such as growing your business, achieving the desired results, and ultimately helping your business run more efficiently. Let’s take a look at the benefits of business coaching in more detail.
Achieve your goals faster
If you have been trying to grow your business for a while now and have been unable to reach your goals, well, perhaps it’s time to onboard a business coach. A business coach will run a fine-tooth comb through your business, looking at your current activities and habits, and will offer tips on how you can improve the effectiveness and efficiency of your business. Also, a business coach will work with you to set realistic goals, keep you accountable and on track to ensure you achieve your goals.
Help you get out of your comfort zone
Achieving your goals often requires you to do things that are out of your comfort zone. However, when growing a business this is exactly what you need to do to achieve your goals. A good business coach will know your personality, strengths and weaknesses and will know how to encourage you every step of the way. Or, if necessary, provide the relevant resources to ensure you know what you need to do, and how to do it.
Assist with business growing pains
A good business coach will be able to assist you through your business growing pains. When you start achieving your goals as you continue to find ways to expand yourself, your business will ultimately start to grow alongside you. A business coach will help keep you accountable and motivated in order to make this happen. When you have a business coach supervising all of your outputs and results, this eventually starts to increase your successes in business in every possible tangible way.
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Business Coaching vs Business Consultant
- Planning
- Marketing
- Processes
- Sales
- Talent
- Operations
- Training and development
- Reporting
Ultimately, a business coach will work with you to strategise and develop a plan for building a profitable business.
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Business Coaching vs Business Consultant
- Planning
- Marketing
- Processes
- Sales
- Talent
- Operations
- Training and development
- Reporting
Ultimately, a business coach will work with you to strategise and develop a plan for building a profitable business.
Finding the Right Business Coach for You
When it comes to finding the right business coach for you and your needs, there’s no denying it can be challenging. There are countless business coaches out there, but that doesn’t mean every single one of them will be the right match. Here are some things to consider when it comes to finding the right business coach for you.
Experience
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Business Model
Another important factor when it comes to finding the right business coach is identifying if they are working alone or part of a bigger team or franchise. The reason you want to know this is because if a coach is part of a bigger company, this actually comes with added benefits to you. They will have access to other people who have different ideas and skills, they may also have access to more training and resources. So, in turn you have access to more than just one person and aren’t limited by their knowledge, expertise and resources.
Connection
This might sound obvious but if you don’t have a good connection with your business coach, it’s unlikely the relationship will be fruitful. We’re not saying you need to be best friends – in fact, quite the opposite. You don’t want your coach to become someone you’re really good friends with because it’s likely you’ll start becoming less accountable. The idea of a Business Coach is to hold you more accountable, not let you get away with things. Friends may do that, but your coach will not. However, you still need to get along with your coach and enjoy meeting with them.
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How Much Does a Business Coach Cost?
The cost of hiring a business coach can significantly vary from person to person. Business coaching comes in many different formats from Group Coaching Programs, advisory boards and tailored one on one business coaching programs. The best business coaching program for you will mostly depend on the size of your business and your cash flow.
As a very general guide, however, business coaching can cost anywhere between $12,000 to $40,000 per year. At the lower end,
you’ll get access to a small amount of one-on-one business coaching, with a possible monthly business coaching strategy session. At the higher end of the scale, you are more likely to have a weekly business coaching session with your own business coach.
For an experienced business coach, you can expect to pay upwards of $40,000 a year, but again,
this depends on the size of your business and your goals.
It’s important to not let the cost of business coaching determine the program you choose. For example, a group business coaching program might be cheaper, yet often working in a group means the program isn’t tailored to your specific needs, meaning it will take longer for you to achieve a decent return on investment. It’s best to choose a business coaching program based on your needs, rather than the cost. For example, if you’re hoping that hiring a business coach will increase your annual revenue by at least $50,000 per year, you should be willing and comfortable to invest at least half of that to make it happen.
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What to Expect in Your Business Coaching Program?
When onboarding a business coach for the first time, you might be wondering what to expect. Depending on who you hire and the type of business coaching program you choose, you can expect a range of different things. At Max My Profit, our Business Excelerator® business coaching program offers specialised help to businesses by helping them find clarity, define business purpose, address and conquer fears, define business structure, identify the best financial strategy for your business and much more. At Max My Profit, we coined the word Business Excelerator® because we are more than just coaches. When you join one of our programs, we help you build the business you imagined by giving you the tools, resources, and unlimited support. Not all business coaching programs are the same, however.
Typically, business coaching programs offer one-on-one and/or group coaching to help business leaders achieve their goals with expert guidance, identify personal strengths and weaknesses, gain better awareness of individual, group and organisational behaviour to better respond to challenges, and understand their personal goals and career goals.
A good coaching program should offer a safe, supportive, non-judgmental environment to allow participants to reach a deep understanding of themselves to truly explore their behaviour in business and how to continue to improve and grow. The best business coaching programs will ensure participants continue to receive ongoing support even after the program has ended.
Investing in a Business Coaching Franchise
If you’re keen to start your own coaching business but aren’t sure if you want to do it alone or invest in a business coaching franchise, here are some things to consider. Generally speaking, starting your own coaching business is time-consuming, overwhelming and involves a lot of trial and effort. The benefits of investing in a business coaching franchise are innumerable.
Firstly, you already have a successful business coaching framework in place to work off. When investing in a franchise, one of the biggest benefits is you already have a set approach and methodology in place to run your business. These methods have been tried and tested and proven to work. This means you don’t have to spend all of your time trying to develop your own methods and best practices. You’ll also get marketing and sales assistance to help build your business.
Secondly, you’ll be joining and working with a brand people are already familiar with. This can go a long way in gaining the trust of clients a lot quicker than when building a clientele base from your own coaching business. It’s important to find a franchise that is reputable and has positive brand association, so make sure you do your research before committing.
And finally, you will become part of a community and have a wide support network at your fingertips. Not only will you receive support from the franchise company, but you will be surrounded with other franchisees who will be able to offer their support and guidance throughout your business coaching journey.