What difference does business coaching make to entrepreneurs' firm performance and future growth?
conference contribution
posted on 2024-10-31, 10:33authored byBernadette Crompton, Kosmas Smyrnios
Forming part of a large-scale mixed-methods investigation where business coaching positively impacted entrepreneur's self-efficacy and firm performance, this paper aims to extend and corroborate these findings by examining entrepreneurs' business coaching experiences. Thirty-nine participants were interviewed to collect additional data. Interview questions were based on eight themes: need to engage business coaches; being part of training or peer groups; contribution of coaching to growth; coach's style; coach tools and frameworks; outcome measurement; and memorable experiences of business coaching. Using a qualitative, inductive approach, this study affirmed that entrepreneurs' business coaching experiences link favourably to firm performance and growth. Entrepreneurs valued business coaches' experience and knowledge, but maintained that a trusting relationship was vital to success. This study clearly demonstrates the importance of qualitative approaches, suggesting that business coaching acts as a non-direct influencer of firm performance and effectiveness, with benefits intangibly measured according to entrepreneurs' need and perceived outcomes.
History
Start page
1
End page
20
Total pages
20
Outlet
Proceedings of the 56th ICSB World Conference
Name of conference
56th Annual International Council of Small Business World Conference "ICSB 2011 Back to the Future"