8 essential people all entrepreneurs should have in their inner circle
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Entrepreneurship will kill you physically, mentally, and emotionally if you do it alone. You need the right people around you to be successful, no matter how good your foundation is.
Surrounding myself with people I trust has made the most significant difference in the success of my business. They challenge me to be better and push me to take action that I would generally consider far beyond my reach.
Being alone with your business gets old quickly (trust me). I’ve had my fair share of bad experiences where I’ve tried to do things on my own – only to be overwhelmed and give up. This is why it is so crucial to build relationships with people who support you in the right way.
I’ve compiled a list of the eight people every entrepreneur needs on their team:
1. A therapist
Since mental illness is more common among entrepreneurs than among non-entrepreneurs, it is important to consider speaking with a therapist.
A therapist allows you to truly understand who you are and what you want out of life. They can also help you understand your emotions and make a deeper connection with yourself to better communicate with others.
Therapy has helped me give myself more grace. My therapist showed me that I am very hard on myself and that a lot of my problems stem from trauma in my past. Knowing this has allowed me to heal many wounds and to stop negative thought patterns and communication habits. Now when I talk to my employees and other people, I can offer them the same level of grace.
Another huge benefit of therapy is that it can unload mountains of stress and confidential business information that you can’t share with anyone else.
2. A trusted confidant
A successful entrepreneur has one important thing in common with others who successfully grow their businesses into multi-million dollar entities: they all have a trusted confidant.
This trusted confidant is not always their spouse or significant other. It could be a business mentor, lawyer, accountant, or just a friend who is not even in your field. As long as they have your best interests at heart, they can offer you valuable advice that may be different from what others have told you in the past.
I myself have two trustworthy people. They have saved my life many times just by reminding me of who I am and why I do what I do. They are not there to give me the answers, but rather to challenge me to find the right solutions.
Even in my lowest moments, they’ve been there for me. They reassured me, motivated me and were my greatest cheerleaders. They helped me see things from a different perspective, shared their experiences with me, and taught me invaluable lessons that I am still learning. And just as important, they made great sacrifices to support my crazy trip.
3. A successful coach
You can only go so far as to push yourself. This is why having a successful coach is essential.
Let me put it this way: health is like a motor and entrepreneurship is like a car. You need the right fuel, the right amount of air in your tires, and oil changes to keep up with your car’s performance. Without these things, you will struggle and end up exhausting yourself.
Taking responsibility for your health and increasing your fitness are key to entrepreneurial success. A high level coach will help you tackle your health so that you can perform at a higher level. They understand that you need to perform not only in the gym, but in all areas of your life.
The price varies depending on the services offered, but one thing is for sure: a successful coach will be worth every penny as you will become a more productive person and live a better life.
4. A non-professional friend
Most entrepreneurs started their businesses because they are passionate about what they do and love what they do. It’s easy to get caught up in the work because there is always more to do. When you own a business, the power to move the business forward usually rests on your shoulders. However, 24/7 restlessness can seriously damage your health and well-being.
It’s important to have supportive friends outside of work, but it’s also good to call an old friend for a chat or date. These non-work relationships are crucial for entrepreneurs.
Taking time off work to spend time with a friend and enjoy a hobby or activity is crucial. It’s probably one of the hardest things for me because I love to work.
However, one of the best things I have found is that by turning off my entrepreneurial spirit and activating my ‘art spirit’ or even my ‘party spirit’. Taking space away from my business allows me to come back with a clear mind and new ideas.
It’s easy to slip into a routine and forget that it’s not just work in life. So find friends outside of your business who will allow you to step back, relax and have fun.
5. A spiritual advisor
While serving in the military, I learned early on that most people believe in something. You don’t have to be a highly spiritual person to believe in God, but most of us do believe in a higher power.
While reading Business Principles, I came across an article that dealt with “Spiritual Advisors”. These are people who are not only spiritual, but also know their stuff. They can be life coaches or mentors who can guide you in your business projects.
Everyone has a different belief system, so it’s important to find someone who believes what you believe. When you need spiritual guidance, you can turn to your priest, rabbi, or other religious leaders. Likewise, when you need business advice, you should also be able to consult your spiritual advisor so that you can move forward in a way that matches your values.
For example, some people have a harder time being successful because their belief system makes them self-destructive. These beliefs would include thoughts such as, “I’m not good enough” or “I can’t do it”. This is why it is important to have spiritual counselors who are not only knowledgeable in business, but also spiritually.
These people can help you change your thoughts so that you can manifest the reality you desire for yourself.
Related; If you haven’t hired a business coach, you’re holding back
6. A trainer
The truth is, the type of coach you need will depend on what season you are in with your business.
If you are just starting out in your business, you need a business strategy coach. If you are a little more advanced, you may be looking for a marketing strategy coach. If you hit it really big, congratulations! You probably need a financial strategy coach.
The key to ensuring the success of your business for years to come is to have a good financial plan in place. As your business becomes more complex, the decisions you make should be supported by solid ideas and strategies that will help ensure that your business will be successful in the long run.
Of course, these are only approximate categories. If you’re somewhere between the first and second stages, you might just need a little bit of everything. Or you may just need to refine what you already have in place instead of starting from scratch.
There are also many other specialty areas that a coach can help you with, including networking, building healthier relationships with your employees, diversity, and inclusion.
As an entrepreneur, you need to identify the weak points in your business and find a coach who can help you overcome these adversities. Then, to continue to promote growth within your business, be sure to assess the type of coach needed for your current business situation and focus on building a long-term relationship with them.
7. Public relations coach
No matter how good your product or service is, you need the media to notice it. Having someone who is good at getting media coverage earns you more fans, which in turn equates to money. Public relations experts help you get your name out there so that when people search for what you have to offer, they instantly think of you.
It can be difficult for small businesses to compete with larger competitors when it comes to getting their name in the press, but with a little ingenuity and creativity it can be done. Public relations can be a great way to get your name out there, but it takes careful planning and a lot of hard work – which is why hiring a public relations coach who can share their knowledge with you is incredibly helpful.
Related: How True Leaders Train Their Employees to Success
8. Diversity and inclusion coach
Employees from diverse backgrounds bring a multitude of new perspectives to the workplace, which can help drive innovation. This is why more and more companies in all sectors are hiring managers or coaches in matters of diversity and inclusion.
A diversity and inclusion coach is someone whose job it is to advise an individual or organization on issues related to diversity and inclusion. They can either be an external resource who will work with the leadership team to help develop inclusive practices and procedures, or an internal resource within a company. The latter case is more common because it means that senior managers will have someone to turn to for advice on how best to develop their D&I policies.
The role of a D&I coach is incredibly varied and complex, as it requires a deep understanding not only of the law, but also of social issues. So it is very difficult for one person to have the skills and knowledge to deal with all possible situations.
When hiring a D&I Coach, consider their experience working with people from different backgrounds and how they can use that experience in their current role. The coach must also be able to teach the company about diversity and inclusion.
When entrepreneurs manage to hire a great D&I coach, it can lead to great results. The business will not only benefit from having someone who understands their needs, but will also be able to increase the number of talented people recruited and retained, as well as improve brand perception.
An entrepreneur needs to build an internal team because it will make the difference between winning over the long term and always being in reconstruction mode. From that moment on, never be alone in your business again.
Related: Why Everyone Needs a Life Coach