FIG Marketing
  • FIG News
    • Events
    • Press
    • Community Relations
  • Product R + D
  • Marketing + Branding
  • Business Development
  • Industry Insights

FIG Marketing

  • FIG News
    • Events
    • Press
    • Community Relations
  • Product R + D
  • Marketing + Branding
  • Business Development
  • Industry Insights
Business Development

Do You Need a Business Coach or Business Consultant?

written by Surge Business Consulting November 22, 2021
Do You Need a Business Coach or Business Consultant?

Picture this: Your firm is having the best year ever. You’re fully staffed. Referral business is good. You walk into your office and the team greets you with smiles and an enthusiastic “Good morning, boss!”

Everything seems to be running smoothly.

You start digging into your email and find one with this subject line: “What is the delay?” Then another email a few lines down reads: “Cancel our agreement.” The sad news is that you see these subject lines all too often.

You know your firm isn’t delivering the timely, quality service that clients demand today. No matter what you do (work more hours, revise systems, or change bonus plans), the problem continues to get worse and it’s starting to reflect in your online reviews. You realize you must get in front of this issue sooner rather than later.

You Know You Need Help, but Where Do You Begin?

Do you contract with a business coach or hire a business consultant? And what’s the difference between them? Many small business owners have spent a great deal of time and money by choosing incorrectly.

To save you time, frustration, and expenses, we’ll help determine the differences between a consulting relationship and a coaching relationship.

  • A coach is individual-focused and teaches their clients how to solve specific problems, concerns, or issues.
  • A consultant is problem-focused and solves problems for their clients with recommendations.
  • In a coaching relationship, the financial professional is regarded as the expert. The coach guides the financial professional to help solve their problems or obtain a specific outcome.
  • In a consulting relationship, the consultant is regarded as the expert who will provide the recommendations to solve the problem or obtain a specific outcome.
  • However, both provide accountability, which is key to successful implementation.

The following list and table provide a more comprehensive comparison of coaches versus consultants.

Regardless of which path is correct for you, before choosing an option, you need to:

  1. Have a general idea of the problem or problems you’re trying to solve to improve your business.
  2. Be self-aware and understand which type of relationship fits your style better.
  3. Contact Surge Business Consulting online (or email info@surgebc.com), and we can assist you in making these critical decisions. We have access to a full suite of coaching and consulting options for our financial professionals affiliated with Financial Independence Group.

Related: What Performance Reviews & Gutters Have in Common

Do You Need a Business Consultant or a Business Coach?

comparison chart of needing a business coach or business consultant

Final Thought

Not all consulting and coaching relationships are as clearly defined as this chart. In some cases, you may find relationships that overlap each other.

Reach out to us today to learn more about the processes and which solution fits you best.

Keep Reading: How to Get Your Business in Order Before Buying or Selling


Financial Indepence Group Surge Business Consulting logo
financial independence group logo

The content is for information purposes only and not intended to be investment, tax, or legal advice. The views and opinions expressed herein belong solely to the author—Surge Business Consulting© 2021.

Do You Need a Business Coach or Business Consultant? was last modified: May 18th, 2022 by Surge Business Consulting
business coachbusiness consultingBusiness Developmentbusiness managementSurge Business Consulting
2
LinkedIn Facebook Twitter

You may also like

23 Crucial Years & 10 Birthdays That Impact...

May 12, 2022

What’s Next? Tips for After the Conference

April 19, 2022

13 Questions Advisors Should Prepare to Answer [Infographic]

March 1, 2022

How to Attract High Net Worth Clients for...

February 8, 2022

The Twisting Impacts of Long-Term Market Drivers

January 13, 2022

Client Segmentation Guide for Wealth Management Firms

December 29, 2021

12 Long-Term Care Statistics That Can Spur Client...

November 4, 2021

The Rise of Insurtech: Arming Advisors with a...

October 11, 2021

How Connect Better With Your Audience By Refocusing...

September 30, 2021

How Retirement Outlooks Differ for Retirees & Pre-Retirees...

September 15, 2021

FIG Marketing ElevateU Charlotte - June 2022

quinci powered by simon side ad

Keep in touch

Facebook Twitter Instagram Linkedin Youtube

BLUEPRINT SUBSCRIPTION

Enter your email address below to subscribe to this blog and receive notifications of new posts.


Thank you for subscribing!

Suggested just for you

  • What are the Charges Deducted from Indexed Universal Life Policies? [Infographic]
  • The 4 R's of Managing a Successful Business
  • 23 Crucial Years & 10 Birthdays That Impact Retirement Income
  • A Look at IUL Fees, Costs, & Illustration Manipulation
  • The Emergence of the Fixed Index-Linked Annuity (FILA)
  • PRESS RELEASE: Barnabas Capital Announces Head of Structured Products
  • Client Segmentation Guide for Wealth Management Firms
  • 4 Steps to Naming a Financial Services Company

retirement inside out side ad

financial independence group GIFT initiative donor-advised fund side ad

Tags

advisor marketing annuities Annuity Annuity Awareness Month branding business consulting Business Development business management business tips Care Planning Case study client communication Client Relations client relationships compliance Digital marketing DOL financial advisors Financial Independence Group fintech fixed index-linked annuity Fixed indexed Annuities infographic Investment and securities IUL life insurance Life Insurance Awareness Month Long term care Long Term Care Insurance LTC LTC Awareness Month marketing strategies marketing tips Press Release prospecting recruiting Retirement sales idea Sales tips social media surge Surge Business Consulting talent solutions Technology website
  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Youtube

1-800-527-1155
Our Products Are Strong, But Our Strength Is In Our People.®

Privacy Policy | Terms of Use | Mobile App Privacy Statement

© 2022 Financial Independence Group, LLC. All Rights Reserved.


Back To Top
Subscribe to the FIG Blueprint

Enter your email address below to receive content as soon as it comes out.

Thank you for subscribing!