Famous entrepreneurs (like Oprah Winfrey, Eric Schmidt, Steve Bennet, etc.) have relied on business coaches at one point in their careers. These entrepreneurs, even though already successful, realized that only a business coach can elevate their success even more.
Business coaches are professionals who have the expertise, skills, knowledge, and experience to help a client grow and elevate the business. A business coach provides motivation, support and recommendations for vision, growth and achieving targeted goals. A business coach ensures that the client plans and strategizes a target goal, and regularly checks up to make the client stick to the plan, or change the plan if it seems more fit.
Here are famous entrepreneurs who had business coaches:
1. Oprah Winfrey
“Don’t worry about being successful but work towards being significant, and the success will naturally follow.”
Oprah Gail Winfrey was born on January 29, 1954, in rural Mississippi. Oprah Winfrey is now a billionaire philanthropist, media executive, television producer, American talk show host, author and actress. She is the first African-American woman to own her own production company(Harpo Studios, 1986). Her talk show, The Oprah Winfrey Show was the highest-rated television program(of its genre) and ran for 25 years (1986-2011) one of the longest-running daytime talk shows in history. She was once the world’s only Black Billionaire, the richest African-American of the 20th century and regarded as “ Queen of All Media”. She was ranked as the most influential woman in the world by Forbes (in the year 2007). In 2013, President Barack Obama awarded her the Presidential Medal of Freedom. Oprah(age 67) in the year 2021 has a net worth of 3.5 billion dollars(making her the richest female television host of all time)
Oprah Winfrey has a life coach, Martha Beck (BA,MA and Ph.D. from Harvard University). Martha Beck is a life coach, American Author, and a speaker. Beck has been a columnist for O, the Oprah Magazine(since 2001). Beck says Oprah’s the last person who needs a life coach, but still she is not a bad connection to have.
“If you want a job that will make you happy, get out of the job that is making you miserable”
-Martha Beck (Oprah Winfrey’s Life coach, Harvard Trained sociologist and bestselling author)
2. Eric Schmidt
Eric Schmidt is an accomplished technologist, famous entrepreneur and philanthropist. Eric Schmidt was CEO and chairman of Google (from 2001-2011) and Alphabet (2015-2017). He pioneered Google’s transformation from a Silicon Valley startup to a global leader in technology. Along with founders Sergey Brin and Larry Page, Eric Schmidt oversaw the company’s business and technical strategies. Under Schmidt’s leadership, Google while maintaining a strong innovation culture, diversified its product offerings and scaled its infrastructure. Eric Schmidt has a net worth of 26.8 billion dollars as of October 2021( Bloomberg Billionaires Index ranked Schmidt as the 55th-richest person in the world)
Here’s Schmidt’s Twitter account
As Eric Schmidt was already a successful CEO of a rapidly growing company(Google), he was hesitant to hire a business coach at first. After being convinced by a Google board member, Schmidt hired a business coach. Schmidt admits that hiring a business coach was the best professional decision he ever made. Schmidt believes everyone needs a coach.
Eric Schmidt says “Every famous athlete, every famous performer has somebody who’s a coach. Somebody who can watch what they’re doing and say, “Is that what you really meant? Did you really do that?” Coaches can give them perspective. The one thing people are never good at is seeing themselves as others see them. A coach really, really helps.”
Eric Schmidt hired a business coach, Bill Campbell (who was also a business coach to Sergey Brin, Larry Page, Jonathan Rosenberg, Sundar Pichai, Steve Jobs, Jeff Bezos among others). Bill Campbell is regarded as the coach of Silicon Valley. Eric Schmidt , Jonathan Rosenberg, and Alan Eagle wrote a book on Bill Campbell; Trillion Dollar Coach, which became a New York Times and Wall Street Journal bestseller.
Here are 7 important lessons from the book, Trillion Dollar Coach:
- Care about people
- Always build communities
- Put team first always
- Don’t tell people what to do
- It is never about the money
- Only coach the coachable
- Listen carefully
3. Leonardo DiCaprio
Leonardo DiCaprio is an actor, producer, environmentalist and a philanthropist. He has been awarded an Academy Award(for the movie Revenant, 2015), British academy film award, three Golden Globes and a Screen Actors Guild award. His films have grossed over $7.2 billion (as of 2019). He started his own production company, Appian Way Productions and a non-profit organization, Leonardo DiCaprio Foundation to promote environmental awareness.
Leonardo DiCaprio has a life coach- Tony Robbins (who has been a life to Nelson Mandela, Princess Diana, Kim Kardashian to name a few). DiCaprio says that Tony Robbins helps him in the preparation of upcoming roles.
Tony Robbin’s net worth is $500 million. Tony Robbin is an author, coach , philanthropist and speaker. He is popular for seminars, infomercials, podcasts and self-help books. He provides coaching and advice to Fortune 500 CEOs and US presidents. He talks for 10 hours straight in multi-day seminars with a high level of energy. Tony Robbin’s is Hollywood’s well acclaimed life coach because of his level of trust, experience with celebrities and confidentiality.
Here are 10 pieces of advice from the infamous Tony Robbins:
- Create a mission greater than yourself
- Feed your mind nourishing food
- Get into flow state
- Stay consistently active
- Change your experience
- Get out of the mind and into the body
- Be real and raw
- Be fearless
- Get a coach
- Focus on what excites you.
4. Chuck Liddell
Chuck Liddell is a retired American mixed martial artist and former IFC and UFC Light Heavyweight Champion. He is a member of the UFC Hall of Fame. He has won the UFC Light Heavyweight Championship. He has the most knockouts’ history of the UFC light heavyweight division. He also has an acting career. In reality series “‘The Ultimate Fighter in 2005” Chuck was a coach. In 2008, he penned his autobiography-Iceman: My Fighting Life . Chuck Liddell’s net worth is $12 million.
Chuck Liddell has his longtime coach John Hackleman, who is the founder of The Pit and The Crosspit. Hackleman has trained the world’s best martial artists. He also trains children and families and is an accomplished businessman.
Hackleman says these are his philosophies while coaching:
- There is no easy way
- You must be disciplined with training
- No one technique is perfect
- Never be a bully
- Always have fun and respect the art.
5. Serena Williams
Serena Williams is an American professional tennis player, fashion designer, movie producer and a philanthropist. Williams has won 23 Grand Slam singles titles (the most by any player in the Open era). She has been Women’s Tennis Association’s(WTA) no.1 for 319 weeks. William’s is the only American player to have won more than 20 slams. She holds the most Grand Slam titles in singles, doubles, and mixed doubles combined among active players. She is regarded as one of the greatest female tennis players of all time. William’s net worth is $94 million(in 2021). (Font Fixing)
Serena Williams credits her life coach Tony Robbins with helping her recover emotionally after surgery and a rough patch in her career. “After the injury—which is hard for anyone, really, coming back from major surgery—[my confidence] was at a 4,” she said. “After working with Tony, I just felt amazing. I felt like I was a 10.” The life coach’s emphasis on conquering life challenges may also appeal to celebs who are working towards a goal, as Williams was after her surgery. “When you’re a professional, when you’re the best, people want to beat you more, want to bring you down even more,” she said in 2011. “I had to realize that when you get on top, sometimes you have to work even harder.”
6. Hugh Jackman
Hugh Jackman is an Australian actor. He is known for his breakthrough role of wolverine in the x-men film series (earned him the Guinness World record for “longest career as a live-action Marvel superhero”) A four-time host of the Tony Awards, he won an Emmy Award for hosting the 2005 ceremony. He also hosted the 81st Academy Awards in 2009.
When the tennis star Serena Williams met actor Hugh Jackman, she suggested that he connect with Robbins too. “I heard many testimonials, and I was like, ‘This guy is extraordinary. Then I became friends with Serena Williams, and she told me firsthand about the sessions that she’d had with Tony, and how immediately after these sessions she had gone from being injured and kind of out of tennis to winning the Grand Slam of the Australian Open.”
Metallica is an American heavy metal bond. The band was formed in 1981, by James Hetfield and Lars Ulrich. Metallica has released 10 live albums, four live albums, five extended plays, a cover album, and 39 music videos. Metallica has won 9 grammy nominations (out of 23 grammy nominations). It is one of the most commercially successful bands of all time. The band has sold over 125 million albums worldwide (as of 2018). Rolling Stone has ranked Metallica at number 61 on it’s 100 greatest artists of all time. Metallica’s net worth is $900 million (as of 2021)
The band was falling apart in January 2001, and they decided to hire a psychotherapy turned performance enhancement coach Phil Towle. Metallica used Towle to help them align themselves with a common goal, so they could work together in harmony. Phil Towle has coached high-stake careers of rock stars, athletes and business CEOs. His clients have included Tom Morello, Tennessee Titans defensive lineman Kevin Carter, and NFL coach Dick Vermeil. Metallica helped Phil Towle’s reputation grow in turn, Phil helped Metallica band to stay together. Filmmakers Joe Berlinger and Bruce Sinofsky documented much of the 2 1/2years the band spent with Towle, resulting in “Metallica: Some Kind of Monster,”. In the documentary, Towle helps the band deal with hidden resentments, love, trust, commitment, power truffles and unresolved grief. Towle’s charge was $40,000 per month and the band says it was worth every penny. Metallica released the “st.anger” album in 2003, and it went platinum, won a Grammy and won MTV’s icon award.
He says he helps people “unlock their self-imposed obstacles” by making contact during that critical “moment of potential insight,” an awareness inspired by “seeds from the unconscious.”
8. Barack Obama
Barack Obama is an American politician, retired attorney, author and served as the 44th President of the United States(from 2009-2017). Obama was the first African-American President of the United States. Obama has published three bestselling books; Dreams from My Father (1995), The Audacity of Hope (2006) and A Promised Land (2020).
Barack Obama had an executive coach, John Mattone who is now the world’s top executive coach, bestselling author, founder/co-founder of five exceptional and coaching and leadership development companies ( John Mattone Global, Inc., Intelligent Leadership Executive Coaching (ILEC) Franchise, Intelligent Leadership Coaching International (ILCI) Franchise, Intelligent Leadership Online Academy (ILOA), and Intelligent Leadership Development Systems (ILDS) ). He was honoured with the prestigious International Executive Coach Thought-Leader of Distinction Award in (2015).
John Mattone says that the golden rule “Treating people the way you want to be treated” is not true, and it is in fact “ treating people the way they want to be treated.”
What Benefits does Business Coaching Bring to Your Company?
The benefits that business coaching bring to your company are:
- Helps you gain perspective
A business coach provides knowledge and expertise and helps you gain perspective. A business coach who has experience knows how to handle a situation in the best way possible and asks you open-ended questions on how to better yourself.
- Builds confidence
Confidence is key in the world of business. A business coach supports and provides space for you to work out challenges(such as dealing with crises or handling conflict) that enhance your confidence.
- The employees will learn how to work with different people
Business coaching usually has assessments about personality types and leadership styles which empowers you to better understand yourself. During business coaching the client will experience different personality and leadership characteristics and will learn how to work with diverse types of people.
- Employee retention.
Employees often prefer progress and growth (individually and as an organization) over money. By providing business coaching to employees, the organization sends the message that growth is prioritized. A business coach helps the employees enhance communications skills, team spirit, builds confidence, enhances leadership skills and improves overall performance. This causes employee retention.
- Experienced financial planning
It gets difficult to plan financially when one is busy thinking about marketing plans, business plans, potential growth and other factors. Here, a business coach helps the client gain perspective and helps plan financially. The business coach helps the client make the best financial decisions which makes maximum and efficient use of resources, time and labor to get the best results.
Is Business Coaching the Secret of Successful Business People?
No, business coaching is not the secret of successful business people because not everyone has a coach. Most successful entrepreneurs hired a coach after finding success, so the entrepreneur was the sole reason for the business success. However, coaches have helped successful businesses to become even more successful and entrepreneurs to become even more efficient. Therefore, even though Business coaching is not the secret to success, it can be a great booster for success.
How Business Coaches Guide You
Business coaches guide you by providing guidance and assistance to run the business. Along with professional development a business coach also gives you objective feedback, deep insights, fresher perspectives and new ideas. A business coach will have an aerial view of things, and will point out your strengths and weaknesses( as a CEO and as a whole business).
A business coach helps clarify, plan and prioritize the strategies and goals for the progress of business. A business coach brings experience, skills and expertise to the table, and will help you overcome any obstacle (individually or at the business level) to achieve success.
Can You be Successful with Business Coaches?
Yes, business coaches help you be successful by pointing out your blind spots, serving as a compass, unlocking your self-imposed limits, offering unbiased insight, holding you accountable, and keeping you on the right path. If you have tried to improve your business and still feel stuck, or want to grow an already successful business, it’s time for you to get in touch with a business coach. Business coaches can be both versatile and area-specific, which means whatever may be your target goal (it may be reviving a struggling business or making an already successful business even more successful), a business coach can build a strategy to achieve it.