Accountability is one of the biggest secrets to entrepreneurial success. As an accountability coach to entrepreneurs I know that having accountability can be the missing link between achieving your goals or staying overwhelmed, stuck and trapped, Accountability for entrepreneurs is essential if you want someone by your side to help you overcome obstacles, keep you on track and ensure you make positive progress every day towards goal achievement.
One of the biggest challenges many entrepreneurs face in making progress on their goals is taking complete ownership of their time, energy and focus. Many entrepreneurs lack the structure, direction and focus to stay on track each day.
Without clarity on their goals, clear priorities and a measurable action plan, it’s easy for entrepreneurs to become mired in complexity and complications. Instead of feeling clear, confident and capable, many entrepreneurs feel isolated and confused. They have no one to clarify things and provide clear direction. The missing link for many entrepreneurs is an accountability structure.
As an entrepreneur, it can be easy to feel isolated, overwhelmed and un-motivated at times because there is no accountability. When entrepreneurs feel this way they can be prone to procrastination and distraction. This leads to days, and even weeks, of unproductive work and wasted time.
Having accountability forces entrepreneurs to get clarity on the results they want to achieve and ensures they stay on track on their most important activities. Accountability eliminates wasted time making the entrepreneur responsible for achieving the results they’ve stated they want to achieve.
In this article I’m going to share the benefits of accountability for entrepreneurs.
Overcoming isolation as an entrepreneur
Feelings of isolation, confusion and loneliness are typical experiences for many entrepreneurs. Without an accountable support structure, entrepreneurship can be a lonely experience.
Isolation can lead to a feeling of being powerless to create the change you want. Many entrepreneurs describe this experience as being held hostage by their business.
If you are operating in isolation, you will always be at a disadvantage. You may question where you’re going, what you’re doing and how you’re actually going to achieve your goals.
Isolation can create a lack of focus and confidence. It can cause you to waste time, lack direction, lose focus, start procrastination and start chasing every shiny object.
When you’re isolated, you have to use high levels of motivation and energy just to sustain yourself, and move forward.
Accountability is the antidote to isolation. That’s why accountability for entrepreneurs is essential, if you want clear direction on exactly what to do each day, To have greater clarity, confidence and capability to make better decisions and to take decisive action.
Read more about the benefits of accountability coaching.
The importance of an accountability support structure
Having accountability provides clarity on your goals, a destination to reach and daily direction and focus. Getting clarity on your goals and creating a path and plan to achieve those goals requires an accountability support structure to help you stay focused and productive every day.
It requires accountability for many entrepreneurs.
Working with a an accountability coach or being part of a community of entrepreneurs that share a similar mindset will give you the capability to increase your learning, reduce your mistakes and reduce the amount of energy it takes to motivate yourself.
Accountability increases confidence and help you create shortcuts to get to the results you want quicker.
Instead of having to self-motivate yourself every day, you’ll be motivated and held accountable by people you can trust.
When you work with an accountability coach, join a mastermind group or have an accountability partner, you’ll start to see the rewards almost immediately.
The benefits of accountability for entrepreneurs
Here are 5 benefits of accountability for entrepreneurs to keep you focused and productive on your most valuable opportunities:
1. Accountability stops you feeling stuck
It’s easy for entrepreneurs to feel stuck and trapped in their business. If you’re the person making all of the decisions, even if you have a team around you, it’s easy to feel overwhelmed.
You may have lots of opportunities and decisions to make so you become stuck. You’re unsure what to do next. You’re unsure what path to take.
There is a sense of not knowing what to say yes to and what to say no to.
The complexity of running and growing a business can create confusion. This is where accountability comes in. Having someone to talk things through with will ensure you get clarity on what to do next so you can take action.
Accountability for entrepreneurs creates a structure where you have someone listen to you, ask you great questions and help you get clear on the next step to take.
2. Have a sounding board
Entrepreneurship can be a lonely experience at times. Building a successful business is often a confidence game. If you don’t have anyone to talk to, or bounce ideas off, confidence levels can drop.
We often don’t make decisions because we’re fearful of losing things that are important to us. Accountability provides a structure where you have someone to talk things over with.
Two heads, as the saying goes, are often better than one. Entrepreneurs want greater clarity, confidence and capability.
Accountability provides that clarity and accountability to make better decisions so you can build momentum and make more progress every day.
3. Learn from others mistakes
Things don’t need to be perfect and you don’t need to make all the mistakes yourself.
Entrepreneurs can benefit from talking with a business coach or accountability coach. They will have experienced failures in the past so can pass on valuable insight that will shorten the learning curve.
Out of failure comes great learning. This learning and experience from having an accountability structure can give you insights and different ways of approaching things in the future.
Similarly, there’s a huge amount of value in using someone’s success stories, strategies and tools as lessons on how to improve the way you do things.
Spending time each week talking with your coach, or talking with other successful entrepreneurs can save you weeks of testing.
An hour or two of focused planning and discussion can save you months of time, energy and money if you’re spending time with people who really want to help.
4. Think about things differently
There are always different ways of looking at situations and challenges. Having an accountability structure can provide a different perspective or new way of thinking, that you might never have thought of.
How they’ve dealt with specific situations and overcome challenges could provide a totally unique solution to you.
5. Have the perfect accountability partner
Every time you spend time with your coach or entrepreneur network, it’s an opportunity for you to share your successes, refocus and get clarity on what you want to achieve next.
Accountability for entrepreneurs is about staying on track and staying focused on what’s crucially important to you.
By laying out your goals and objectives and setting measurements and deadlines against them it is a further opportunity for you to hold yourself accountable.
You will have the added support of people whose role it is to motivate and inspire you.
Structure supports growth
Remember, real growth can happen when you surround yourself with the right motivational and accountability structures.
When you work with, and spend time with, people that are focused on helping you create your ideal future, you can use their experience, accountability structure and support to propel you to higher levels of success.
Now I’d love to hear from you.
What’s the biggest benefit you’ve experienced from having more accountability?
Let me know in the comments.
Accountability coaching program
Imagine what you could achieve in the next 90 days if you had more accountability to eliminate your biggest obstacles, capture your biggest opportunities and maximise your biggest strength. My accountability coaching program is custom designed to help you clarify your goals, prioritise your time and stay on track to achieve your goals through powerful accountability coaching.
My two-hour accountability coaching session is £500 ($650). During this session you will clarify your goals, understand the obstacles that are holding you back and develop an actionable strategy to overcome these obstacles so you can stay on track to achieve your goals. Find out more by booking a free 30-minute clarity session.
Ready to stay accountable to achieve your goals?
Achieve bigger and better goals through accountability coaching. Book a 30-minute clarity call to see if we’re a right fit to work together. Come away with clarity on your goals and discover the obstacles that are holding you back. Book a free 30-minute clarity call with me today.
About the Author
Mark Pettit is an accountability coach to business owners who want to simplify their time, energy and focus so they can multiply their freedom, impact and results.
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