7 Insights Into Business Coaching: What Can a Business Coach Do For You
What Is A Business Coach ?
Before we can gain insight into business coaching, we must first clearly define what is a business coach. A business coach is the same as a sports coach only instead of working with sports figures; a business coach works with business people. A business coach can work with you on a one-on-one, with larger groups of executives organized into seminars or workshops depending on the needs of the client.
As indicated, a business coach can also work with you in a group environment. The group may consist of executives from the same company or executives that are all part of the same industry to create a mastermind group. In some cases, coaching may be offered to members of a professional group, such as a local chamber of commerce or trade association. With each instance, the business coach is responsible for finding ways to deliver the information in a manner that will reverberate with the attendees of the seminar and or workshop.
2 Main Benefits of Business Coaching
- Business Building and Promotion
- Strategic and Tactical Planning
A Business Coach May Be Able to Help You With Other Goals
- Developing or expanding strategic vision
* Helping grow your business exponentially
- Building self-esteem and enhancing professional presence
- Help you set a goal and achieve them
- 360-degree feedback (positive or Negative)
- Enhancing flexibility and responsiveness
- Becoming more at ease with themselves
- Improving ways of handling stress
- Regaining balance between life and work
- Turn your business around
- A strategic partner or an independent sounding board
Business coaching, therefore, will enable you to move beyond the traditional training. He/she can provide the answers and learning ‘how-to’ to achieving results through real performance in businesses ranging from a local small business to multinational companies.
Is A Business Coach Like Psychotherapists?
A business coach focuses on work and career-related goals. They are action-oriented, looking at where you are and where you want to be in the future, with your business coach keeping you continuously on track and moving forward to your goals. Very rarely will a business coach dig into your past or personal relationships to determine why and how you came to be the person you are now?
Did you know that IBM has more than sixty certified coaches among its ranks? Who do you think that is? Did you know that when Sir Richard Branson started, he had Sir Freddie Laker as his business mentor? Numerous major corporations have made business coaching a core part of their executive development. Under the right conditions, the idea is that one-on-one collaboration with an objective third party can provide results that other forms of corporate support simply cannot.
Working with a business coach was once viewed by many as a tool to help correct underperformance of individuals or organizations; today, it is becoming much more widely used in supporting top producers. In fact, in a 2004 survey by Philadelphia firm, Right Management Consultants, 86 percent of companies said they used business coaching to sharpen the skills of employees who have been identified as future leaders within the organization.
What Can Business Coaching Do For You?
In today’s dynamic, ever-changing, and fast-paced business climate, executives need to keep up with the pace of the market and also remain proactive in developing their abilities along with those of their team members.
Business coaching is effective for executives who can say, I want to get from here to over there, but I’m not sure how best to do it—coaching best works when you know upfront what you want to accomplish. For example, despite your outstanding track record, you haven’t yet gained the full interpersonal dexterity required of senior executives. Improving or increasing such skills might be an appropriate goal for a coaching assignment.
Remember, a business coach wants the same thing the executives they are coaching want: to achieve their target goals. A business coach works with executives and managers. They coach to capitalize on the company’s strengths to help the company achieve the very best results it can.
One considerable benefit of working with a business coach is that they aren’t tied to the organization, your friends, or anyone else. They are related to you only, so they support what you want and where you want to go.
Are You Ready To Start A Business Coaching Relationship and Hire A Business Coach?
To help you decide, here is a list of questions:
- Do you have a clear vision of where you want to be?
- Is there a gap between where you’d like to be and where you are?
- Are your professional goals clear?
- Can you focus on the now?
- Are you interested in self-development?
- Is there a pending critical decision pertaining to your career or life?
- Are you motivated, ambitious, driven?
- Are those around you telling you that you need to make some changes?
- Are you willing to work insanely hard?
- Do you have resources and time to invest in your future?
If the answer to most of these questions is “yes,” then it’s probably time to start seeking the services of a professional coach.
You get what you tolerate. So, what are you putting up with? What’s the biggest challenge you have? What kind of support would be helpful to you?
Hiring a Business Coach
When deciding on a coach, here are some of the qualities to look for—
- A good listener and able to empathize;
- Respect for other people’s thoughts and opinions;
- Flexibility to understand alternative points of view;
- A passion for business, and for new ideas;
- Honesty in all things, including expression and, thought;
- Experience in various industries and careers;
- Well-traveled, confident and encouraging;
- Capable of giving practical advice;
- A supportive hands-off approach that allows you to make and take responsibility for your own decisions;
- Eager to offer their time and skills for your benefit.
Coaches are not consultants. Look for someone to advise you based on their own unique experience. Their role as your coach is to support you, encourage you, and challenge you.
How to get the most out of this supportive collaborator — Make a commitment to your individual goals: Focus on what is important to you and your personal agenda. Think and reflect on business and other issues in a quiet place that is totally directed towards you and your needs. Address challenges, habits, and behaviors that you know are hindering you. Start doing something about your future now – not tomorrow – Now! You will get quicker and better results if you do these things, and your business will move to a higher level.
Do you remember those exciting days when you started out? How thrilled you were with all the possibilities that lay ahead – all the potential you felt and the riches you were going to enjoy. How many of those dreams are still unrealized dreams? You probably talked excitedly about your goals with friends. Where are those friends now? They are either off being excited about their own businesses or careers, or they are buried under a load of responsibilities and family affairs. Using a business coach to focus on you, and take your business to the next level, is a way to recapture those early dreams and turn them into reality.
The job of your business coach is to advance your economic progress by giving you the support and stimulation you need to reach your goals.
Coaching For Success
Over the course of the coaching program, usually anywhere from 3-12 months, you and your coach will be in constant contact. You will develop goals, create a strategy, and draw up plans to accomplish them. You will then implement those plans to reach your objectives. They will be YOUR objectives, goals YOU create and goals YOU decide upon. Goals that make sense for YOU. And goals that get you where YOU want to go.
You will start with a routine ‘Getting to know you’ session. You will be asked to complete a Personal Effectiveness Self-assessment, and you’ll agree on an Outcomes Contract, basically an agreement you will make with yourself.
The goals you decide upon will be your long-term goals. The Outcomes Contract will determine what is to be achieved during your program.
Some of the benefits include:
- You will identify what counts most to you
- You will find yourself setting targets that motivate you
- You will establish a process to reach your goals, and you will achieve them
- You will make better decisions
- You will gain clarity and perspective
- You will reduce stress
- You will solve problems more effectively
- You will raise your standards
- You will enjoy life more
- You will feel happier
- You will earn more, keep more and enjoy it more
Here’s an example of an executive needing a business coach. Does this sound familiar:
A sales executive contacted me worried about establishing herself in a new job in international sales. From the outset, she had difficulty relating to her new sales manager and had thoughts of quitting. She wasn’t performing as well as she knew she could and also expressed a fear that she might be fired if she didn’t improve soon.
Because of my management experience and extended periods working internationally, I was able to play the part of ‘foreign boss’ upon whom my client could practice her communication skills. I helped her find ways to communicate effectively. Within only six weeks of mentoring, she had settled into her new position, had started bringing in some outstanding sales, and gained her new manager’s confidence. She went on to do very well in her new role.
What will you be able to accomplish? Get ready to discover a different approach to life, business and money, where you will take charge. Now is the time to gain control instead of continuing to be tossed around on life’s stormy seas.
There are many motivations behind hiring a business coach, but there is one reason that is especially true. The harsh reality of the talent-based economy is this – right now, if you are not using your abilities to add value to some project, company, or person, you are in jeopardy of becoming an economic dinosaur. Elite professionals in every field of sports and business know that the fastest way to leverage your talents, increase your skill set, and maximize your value is to hire a coach.
Our Business Coaching covers a broad spectrum of needs. Whether you run a major corporation, small Business, or are just seeking to increase your performance or sales on–the-job, we have a solution for you.
We offer one-on-one coaching for all of the levels of business enhancement. We bring our radical coaching to you, no matter what your position in the company.
If you want to leave the others behind; be it other companies, other divisions, or just the other sales staff in your company, contact us NOW.
Michele Y. Thompson is an author, contributing writer on MyStock911, DLAndroid24, and MortgageExpertGuide , commercial mortgage broker, entrepreneur, and branding coach. The culmination of her work in the United States Air Force, finance, real estate, and media consulting; along with her advanced degrees has driven her to help new and existing businesses reach their goals for over 20 years.