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Posts Tagged ‘Business Coaches’
Why Any Business Needs a Business Coach
How can you tell if you and your business have a need for a Business Coach? If you are working too many hours, making too little money, dealing with too many issues related to your team and employees, or simply feeling that working in your business is little better than having a job, then you probably need a Business Coach. In today’s economy, that is the state of most business owners. It’s also why more than 80% of all businesses fail within five years, even when run by smart, bright and highly motivated individuals. The good news is the gap between what people think they know about business and business reality can be filled very effectively by a good Business Coach. Why? Because good Business Coaches are generalists, as opposed to business consultants, who tend to be specialists, or who tend to be highly skilled in a particular area or expert in a particular industry. Not that there is anything wrong with that … but for most small businesses (and that accounts for more than 98% of all businesses), owners are looking for exponential changes in their companies very quickly (typically in terms of six to eight weeks). While a business consultant is used to delivering incremental results (which, for a large corporation can mean millions to the bottom-line), a Business Coach’s results can deliver tens or hundreds of thousands of dollars in profits to a small business owner (which, for a small business and its owner can literally be business – and life – changing). In addition, as the world of business change becomes more rapid, most business owners have more questions about how to run their companies than they have answers. Business coaching is the perfect solution to this … because answers to issues are arrived at and strategies executed in real-time, with the Business Coach serving to guide the process instead of just writing up a report and leaving it for the owner to implement. In this way, a Business Coach shares many similarities with a sports coach. Both use strategies and tactics to guide others to victory. In business, this takes the form of a business plan; in sports, a game plan. A good Business Coach will also see each team member as unique, and will work with the owner to find more effective and efficient ways leverage existing resources to get better results. He or she will also motivate, inspire and challenge a business owner to succeed, becoming an “unreasonable friend” to achieve a goal or outcome. This idea of accountability is important for small businesses for a number of reasons, and it is one of the reasons business coaching is so successful. For many owners, running a company means “freedom,” and it can be liberating to work as an independent owner. But true freedom is only attained after the business has become a commercial and profitable enterprise that is able to operate without the owner being physically present in the business. In large companies, this level of accountability is provided by a board of directors. In a small business, the owner is on his or her own. Not only can a Business Coach provide a “sounding board” for new and current initiatives, he or she can hold the owner to knowing the numbers of the business, creating and delivering on 90-day plans, and testing and measuring marketing efforts – from increased leads to higher profit margins. So if you are a small-to-medium sized business owner (and by that I mean any business with revenues up to $50 million), and you are looking at outside help for business, consider business coaching as an alternative to business consulting. To learn more, visit http://www.businesscoaching.comEnglish Football
Continue Reading »Why Getting a Business Coach is a Good Investment
Recent studies have proven that business coaching is an up-and-coming industry – the second-fastest growing industry in the world. Business coaching is just like sports coaching ? like a sports coach coaching an athlete and trains them to get better, business coaching not only helps businesses establish organized plans for every challenge they come across, it helps set those plans in motion. Business coaching is very similar to sports coaching – a business coach helps businesses establish plans for challenges and to achieve goals they set, just like sports coaches do for their athletes. Companies that have business coaching tackle challenges with a plan and business strategy from the business owner?s view and an outside view: the business coach. This way, the business owner can achieve all he wants. Here are some general statistics about business coaching today: ?Annual spending on executive coaching in the United States is estimated at $1 billion.? ? Harvard Business Review, November 2004. ?Use of coaching is widespread in UK organisations, with almost nine in ten respondents reporting that they now use coaching in their organization (88%).? ? University of Bristol Newsletter, 2005. ?The Australian Institute of Management says 70% of its member companies hire coaches.? ? Inside Business Channel 2, July 2006. ?A recent study estimates that 40,000 people in the U.S. work as coaches (work or life) and the $2.4 billion market is growing at a fast-paced 18% per year.? ? MarketData Report, 2007. ?Coaching is the second-fastest growing profession in the world, rivaled only by information technology.? ? National Post, April 2007. What Do These Statistics Mean? The statistics and reports don?t lie ? business coaching is not only a fast-expanding industry, it?s expanding because it?s a successful industry. Just like sports athletes have to keep ahead of their competitors with a coach, business industries, especially in this recession, are getting extremely competitive. Think about if a sports athlete didn?t have a coach. He might keep doing the same things that have worked for him many times before, and he might be fine for a while. But eventually, since he?s doing the same things and not necessarily getting better at his sport or his skills, the competition will surpass him. It?s the same thing with business. With all the industry changes, innovations and management strategies, business owners can?t keep doing the same thing they?ve been doing. Eventually competitors will leave the company in their dust, so to speak. It?s even true with the big brands ? McDonald?s, Starbucks and Coca-Cola are constantly ahead of the game and dealing with challenges. Especially in the recession ? how many brands that used to be around (Fannie Mae, Bombay Co., Circuit City) aren’t anymore? When it comes to a company’s competitors, business coaching is a sound investment in your company’s future because it keeps you ahead of them. It?s still a relatively new business industry, but the statistics don?t lie: business coaching is fast-becoming a great investment because it keeps the company ahead of competitors.Business coaching is the second fastest growing industry for several of the following reasons: – Business coaching increases performance. Coaching develops the best qualities of people and teams, making the most of everyone?s qualities and significantly increasing productivity, making the most of everyone?s talents and skills for the company. – Business coaching enables owners to motivate their staff. Coaching helps people to work to their utmost potential, increase their self-esteem and thus raise the quality of their work and increase productivity at the same time. – Business coaching improves employees’ development. Staff development means not only educational seminars and trainings, but also unlocking the inner potential of the company?s employees. Whether the employees are going to develop themselves or not depends mainly on the company?s management style. Initially, all of us have a great potential which can be revealed through coaching. Coaching allows the employees to develop themselves directly in the workplace, thus increasing their efficiency. If you?re convinced, you?re one step closer to bettering your business. For more information on Business Coaching please visit http://www.businesscoaching.comMovie Plots
Continue Reading »Business Coaching- What You Need To Do Well In This Profession
Do you aspire to be a boss and love coaching someone? Do you feel that people listen to your advice? Do you love setting your own schedule and love making a difference? Then you are welcome to an exciting career as a life coach that would uncover a life changing opportunity for you.
. Life coaching is a highly skilled and intellectually stimulating profession
. In life coaching, you are supposed to work closely with the clients
. As life coach, you are expected to be highly flexible with regards to your work timings
. If you turn a life coach, then you have the privilege to work from home
. This profession has a high growth prospects
. Life coaching is a new professional line, hence there is little competition
. Life coaching pays good dividends and enables you to enjoy an enviable lifestyle
The life coaching profession in short is highly rewarding and quite fulfilling as compared to others. In this professional field, you can become an all round personal or business coach or specialize in an area of your liking and then become a specialized coach like a sports coach.
Steps towards business coaching
. First, investigate all the life coaching processes that available before you choose the right one to launch your new career.
. No minimum qualifications required to become a life coach, other than confidence, credibility and better coaching skills after completing the basic course.
. As a coach you have to assist people in enhancing their skills in fields like time management, organization, leadership and strategic development. You also have to challenge the personal assumptions and beliefs.
How can I help the client?
Through life coaching you not only tell people, what to do and show them the right path, you also help them simplify their vision, while being in the know of the right information. Through coaching you have to help your clients to evaluate their moves while adhering to the precision of their goals, requirements and intentions. Through coaching you have to provide the clients with new choices that can lead him or her towards accomplishment and help him or her break the mental barriers and thus benefit from a clear map towards success.
As a business coach you can guide the client through his or her growth plan, alongside your own business growth. Development is not an ultimate tool towards business success, its just one and after business growth the client will have to plan things in advance to make huge profits.
What certification do I need to accomplish as a business coach?
You must not be shy to ask the course provider your doubts and also ask for testimonials. You should ask about the courses, the time commitment involved and the cost of the course. If you find it worth it, then you can also ask about the learning support and all about certification. There are different levels of business coaching depending on your experience as a coach. You must select a course that suits your personality and your liking. The course structure mainly ranges from the introductory session to the master’s level. <a href="http://www.businesscoach.com/go/bc/corporate-coach/index.cfm” rel=”nofollow”>Corporate Coaching can help turn your organization from great to greater. Learn how our <a href="http://www.businesscoach.com/go/bc/executive-coach-services/index.cfm” rel=”nofollow”>Executive Coach can take you and your organization to the next level. Sign up for our newsletter at http://www.businesscoach.com.bad breath and better gums
Empathy in Coaching
A coaching skills training course delegate was recently explaining his frustration at the lack of interest and motivation his staff were showing when being coached. He explained that the normal reaction to being coached was for his staff to cross their arms, lean back in their chairs and adopt an almost ‘bet you can’t coach me!’ attitude. No doubt these same people would leave the coaching conversation thinking ‘See. I’ve won. You can’t coach me!’ How sad.
I suggested that he adopt a less well known coaching tool called Transposing to help him work this through.
Transposing works by getting you to adopt another person’s viewpoint and ask: What am I thinking, what am I feeling and what do I want?
I asked the manager to think of one particular individual – let’s call him Doug. Transposing Doug made us realise that he was thinking “Oh God, what have I done wrong? If I’m being coached, I must be seen as underperforming!”
We also figured that Doug was feeling anxious and uncertain. His interactions with management at the company in the past had usually resulted in a ‘telling off’ in some shape or form. No wonder he was acting like a beaten dog and holding himself stiff until the next beating arrived.
The real revelation happened when we considered what it was that Doug might want. We realised that given his prevailing thoughts and feelings, he would want to get out of the meeting as soon as possible; with his dignity intact.
The real reason why Doug was so reluctant to get involved was now obvious and the manager and I were able to devise a way he could position coaching to overcome these thoughts and feelings. It happened that Doug was a massive sports fan and so his manager pointed out that Tiger Woods, David Beckham and so on were all incredible performers with very little wrong with their games, and yet these same people valued their relationship with their coach above all others. He also pointed out that sports coaches were rarely, if ever, better performers than there clients, but that this was not the point. This lead to Doug realising that coaching was not about his manager just telling him what to do, how to do it, and pointing out all his mistakes. Instead it was an opportunity for Doug to explore his working life and find ways forward in the areas he found he found difficult or frustrating. In fact at a subconscious level Doug began ‘transposing’ his boss, appreciating how difficult it must be to provide coaching to such a truculent group. This mutual empathy is a wonderful by-product of the transposing tool and I’m happy to report that Doug’s relationship with his manager is now flourishing.
By the way, another good reason for walking a mile in your coachee’s shoes is that if things don’t work out, you’ll be a mile away and you’ll have their shoes!! Matt Somers is a leading voice on coaching in the UK where he writes, presents, trains and consults on all aspects of Coaching at Work. An author and regular conference speaker, he is currently producing a range of resources to help with the people side of working life; many of which can be accessed for FREE at http://www.mattsomers.comfree wii console
Continue Reading »An Introduction to Coaching
Ask anyone to define the word coach and you will get a wide variety of responses. Some will say a coach is a sort of tutor or instructor, but others will say it’s a large, multi-wheeled railway carriage. Unfortunately, the second definition is about as helpful as the first in deciding what coaching at work is all about.
To receive ‘coaching’ and to be a ‘coach’ are both very popular terms right now but they are both widley misunderstood. Coaching is ultimately about raising the levels of human performance and, as such, has connections with teaching, training, counselling and mentoring. However, there are subtle but important differences that we need to understand.
Essentially, coaching comprises two main facets. First it is performance focused. It is about doing the job as well as it can be done, hitting targets, getting results and doing the right things in the right way. Secondly,it is person centred which means that it is the individuals being coached who are seen as having the important insights. In the most fundamental terms then, coaching is not about ‘putting in’, rather it is about ‘drawing out’.
By using coaching we can tap into the huge reserves of talent and potential which lay dormant in most people. As managers, we can develop people without having to rely on passing on our own skills and knowledge, which may already be out of date. Without an ability to coach we are left to trust the tired old methods of teaching and instruction which are proving increasingly ineffective in the world of constant change to which we are all having to adjust.
When most people think about coaching, they think about a sports coach shouting and yelling at the players and trying to help them succeed without being directly involved. In sport,the role of coach is crucial in helping people perform at their peak, and even the most accomplished sportspeople such as Tiger Woods or Roger Federer still gain huge benefit from a good relationship with their coach.
The role of the organizational coach is much the same. Whether the coaching is delivered by a manger as a general part of their duties or by a specific coach, they will still be trying to achieve results through others. In thinking about coaching in this way we can see that there is great benefit to be had from having someone in the organization who has the skills and abilities to draw the best out of others. If it were possible to have everyone in an organization improve their performance by as little as one or two per cent then the results would be staggering.
Many organizations are now taking the power of coaching very seriously and appointing people to the specific role of coach. Whilst managers may have the skills and abilities to coach well they are often preoccupied with more task oriented matters and can struggle to find the time to coach effectively.
Increasingly we are able to tap into coaching outside our organizations. There are many small consultancies offering Executive Coaching, where top-level managers in organizations can have regular weekly or monthly sessions with a trained coach to help them work through their current issues. It can often be of great benefit to have a coach who does not work in the organization and who is, therefore, not involved in the same issues. Similarly, some people are now seeking the services of Life Coaches to help them work through personal problems, achieve goals and strike an effective work/life balance.
Whatever the context, we can see that coaching is intended to be a means by which one individual seeks to help another move forward and develop in some way. Matt Somers is a leading voice on coaching in the UK where he writes, presents, trains and consults on all aspects of Coaching at Work. An author and regular conference speaker, he is currently producing a range of resources to help with the people side of working life; many of which can be accessed for FREE at http://www.mattsomers.com whitesmoke software
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