Leadership Coaching: An Insider’s Guide

What Exactly Is Leadership Coaching?

In the broadest sense, whenever you are working with someone acting in a coaching or mentoring capacity in an ongoing relationship to; raise your awareness, grow as a human being, develop your leadership skills and effectiveness, work through some of the common challenges managers and leaders face, close gaps between where you are now and where you want to be, translate goals into specific actions, change behavior, increase the impact you are having, and generally get better results – you could be considered to be engaged in some form of leadership coaching.

Who Seeks Coaching

Most clients that come to leadership coaching tend to be proactive and take their growth and development seriously. They are typically open-minded, high performers who are used to seeking out the best support and training available. However, a percentage of coaching clients may also be noticing elevated levels of stress or perhaps some early symptoms of disengagement or burnout.

Coaching is most valuable on the more important challenges clients face, or the bigger changes they seek to make, where they do not seem to be making the progress they desire. Generally speaking, the bigger the emotional investment in reducing the current level of discomfort, or achieving the payoff of the most desired outcome, the more someone will benefit from coaching.

How Does The Process Of Leadership Coaching Work?

There are hundreds and hundreds of well-trained and experienced coaches who work with leaders or aspiring leaders, and there is a wide array of approaches they take. On one end of the spectrum, let’s call it the “pure coaching” end, you have coaches who will work with a leader on whatever agenda the client brings to coaching. These coaches may or may not have relevant experience or additional training in any leadership or business competencies. However, if they are well-trained, they can assist the client get clear on an agenda that aligns with what matters to them, identify strengths, pinpoint gaps, evoke growth, set priorities, stay on track and get better results. (I know quite a few very effective and successful coaches who have no background in business or organization life, yet manage to add great value to their clients.)

On the other end of the spectrum, there are many coaches who are not only well-trained in the core coaching skills, but also have dozens of other qualifications and/or relevant personal experience in leadership issues. Let’s call this the “expertise” end of the spectrum. These coaches typically have training in a wide variety of assessments, team intervention protocols, or other specific competencies of common interest to leaders or their organizations. At this end of the spectrum, coaching is often kicked off with some form of assessment, or more elaborate intake process, which sets the learning agenda for the subsequent coaching.

In my experience the majority of leadership coaches fall somewhere in the middle of the spectrum. Here, in addition to being well-trained, they typically do have some relevant experience as a leader, and often have accumulated additional knowledge on topics of frequent interest to their leadership clients such as: common leadership models and competencies, leadership and communication styles, team development, confidence building, stress management, etc. However, here in the middle of the spectrum coaches may not lead with assessments or have as much of a prescriptive approach. Typically the majority of leadership coaches tend to meet whatever agenda a client brings to coaching. (With my leadership coaching clients the 3 most common topics that contribute the greatest value are usually: 1) Learning the various core leadership competencies – which include; challenging the status quo, developing a compelling vision that connects to all constituents, enabling/empowering others, walking the talk as a leader, and mastering the wide range of emotional and communication skills required to keep people emotionally engaged. 2) Understanding the different common styles of leadership, (commanding, pace setting, visionary, coaching, etc.) their strengths and weakness and when a particular style is most effective. 3) Stress and time management. Stress is the silent killer of countless leader’s initiatives and careers, and wreaks havoc with time management, overall energy and happiness levels.

Also, I would estimate that approximately half of all leadership coaching is done in-person, and half is done over the phone. There are some coaching agendas that benefit from in-person coaching. (For example if a coach is observing a client to team interaction.) However, the vast majority of coaching I do is very successfully done over the phone. The benefits of phone coaching is greater flexibility, a greater sense of confidentiality (which often translates into greater candor and thus faster change) and because no travel is involved, phone coaching is often more affordable.

Benefits – How Do I Know It Is Working?

In any coaching interaction, you should experience value quickly. (I tell my clients if they do not get value out of every session, they are free to leave at any time.) You should also expect the coaching process to be overwhelmingly positive. Meaning, coaches are trained to build on your strengths and help you keep emotionally connected to the best possible outcome while you work to close any gaps or move past current obstacles. (There is a good reason for this. Modern neuroscience has shown that none of us can grow or change optimally when we are too stressed out or solely focused on our shortcomings.)

In terms of tangible benefits, over the years there have been a few ROI studies on the value of coaching. One study conducted by MetrixGlobal, LLC, found the Return on Investment of coaching was calculated to exceed 500%.

Other industry studies have shown the percentage of clients reporting topic specific benefits in the following areas:

· Self-awareness: 67.6%

· Setting better goals: 62.4%

· More balanced life: 60.5%

· Lower stress levels: 57.1%

· Self-discovery: 52.9%

· Self-confidence: 52.4%

· Improvement in quality of life: 43.3%

· Enhanced communication skills: 39.5%

· Project completion: 35.7%

· Health or fitness improvement: 33.8%

· Better relationship w/ boss, co-workers: 33.3%

· Better family relationship(s): 33.3%

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What Comes First: Business Strategy or Tax Strategy?

Any business advisor will tell you the answer, but what’s happening in the real world?

Here are a few examples:

VAT

When Jeanne started her exercise class business, she decided after taking advice that she wouldn’t register for VAT. It makes sense. If you want to compete with everyone else then you can’t charge 20% higher prices to include VAT. But now she’s stuck. She can’t grow the business beyond the VAT threshold because she would have to increase her prices or take a significant reduction in margin. Now she’s contemplating setting up separate businesses to boost her earnings. It’s quickly going to get complicated – she can do without all the distraction of doubling the admin work. Continue reading

Small Business Owners: Improving Profits in Daily Operations

When you own a small business, there are dozens of people and projects vying for your time and attention. It can get hard to figure out where to focus your resources and easy to become overwelmed.

Furthermore, in my years of consulting what I have found to be the difference in success or failure of a business was not the amount of money, a business owner had on hand, nor the education level of the management team. It was his or her daily habits and beliefs, that determined success or the lack there of.

What is profit? It is simply, how much money the business makes after transaction and paying taxes is over.

Traditional thinking about profit says, Revenue – Expenses = Profit. However, this method fails to measure lost opportunity.

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Jobs: IT Services Management Job Opportunity in Ahmedabad, India

Sigma Infosolutions (www.sigmainfo.net) is a team of 250+ engineers and operates from California, Bangalore and Ahmedabad. We are expanding in Ahmedabad and looking to grow our team in Ahmedabad from the current level of about 50 engineers to 80 engineers. Over 90% of our clients are based in the US.

We are looking to hire a CTO/Practice Lead for our .Net practice to be based at our Ahmedabad office. He/she should have an experience of 10 – 18 years and should be fairly hands on with technology. Preferably having worked in a Software Product company and should have lived/worked in US for a few years. He/She will be managing a team of 40 engineers. We are looking at filling this role immediately. Contact: anubha [at] sigmainfo.net

The Immediate Goals of Starting a New Business

Are you tired of your boss? Or are you getting ready for greener pastures? Setting up your own business can be very exciting. However, before you even take the first step, save yourself time and money by being aware of what’s involved in running a business. Investing time and money into proper planning is paramount when it comes to turning your dreams into reality. The idea of operating a small business is not just about working for yourself or from home, it’s also about having necessary management skills, technical skills, industry expertise, finance and, of course, a long-term vision to grow and succeed.

Whether you will choose to be an entrepreneur, buy a franchise, or start an existing business, the business planning resources are the same. The only things that will be different are the business strategies, business opportunities, upfront cost and step by step instructions to start various businesses.

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