Monday, April 20, 2009

Choosing The Right Business Coach

Consider this scenario. A colleague suggests you get a business coach. Via the Internet, you find one close-by and decide to give them a call. The woman says she’d love to help and that you should stop by. She charges $300 a month for two 30-minute sessions. It seems like a good deal, so you eagerly sign on the dotted line and hope for your prayers to be answered.

Next, you are sent to a website to learn your Enneagram type. This personality quiz doesn’t seem to connect with marketing your business. You call the business coach. She says that you rank a “two” and that you’re trying to please everybody. She says that you should take better care of yourself by taking nature hikes, yoga lessons, and long bubble baths.

You have yet to get real business coaching from the so called expert. Sadly, this scenario plays out often, usually resulting from a lack of understanding on how to choose the best coach for your business.

In the past several years, coaching has become one of the most effective ways to cultivate the professional and personal skill-sets of teams and individuals. Coaching has proven results. Fast Company magazine reports that up to 40% of Fortune 500 companies hire coaches to improve their businesses. There’s a proven, significant return on investment. A 2001 study by the Manchester Review said that the output of executives involved in coaching programs averaged nearly 5.7 times higher than the initial investment.

But you must do your homework before choosing a good Denver Business coach. For coaching to work, it’s vital to have a basic understanding of a coaching relationship.

What is Coaching?
Coaching is a conversation, a dialogue between a coach and a coachee. Through coaching, you will learn how to:
Communicate better
Balance priorities
Make effective presentations
Better understand strengths
Identify new competencies needed.
Understand what you don't know

So how do you pick the right business coach? Make sure to get references or experiences from someone they have worked with in the past. Ask questions like "Have you worked with a business owner of the same size" or "Do you hold your clients accountable"? Make sure they are well rounded and respected in your community. Have they been published in news articles, magazines or even online articles. See if they have a blog. This way you will be able to understand the way they view simple things, do they give any pointers for free?

Hiring a Business coach can dramatically improve your business and cut spending. Just make sure they are the right business coach.
(source: Jim Jenkins)

1 comment:

Baptiste Lacasee said...

Business coaching has not only become an advantage for businesses today, but also a necessity due to the competition. Consultation is a form of business coaching but it mostly tells you how things are supposed to be done. More Information