Kenneth Blanchard's assertion that "The key to successful leadership today is influence, not authority" resonates deeply in today's dynamic and complex world. While authority relies on hierarchical power and control, influence is about inspiring, motivating, and guiding others towards a shared vision. One very common theme with young leaders is their belief that they need position power to get others to do what is asked of them.
Every successful athlete and sports team has a Coach. Yet, most struggling business owners don’t. Coaching is a two-way street that requires a good Coach-Coachee fit for it to succeed. The business owner’s mindset plays a critical role in the relationship. Here are five dysfunctional traits that will get in the way of a successful Coaching relationship:
Running a business as though it is being showcased for sale is the best way to ensure that it is running optimally. One of the best ways to do that is by documenting systems and processes that streamline operations, increase efficiency, and enhance customer experience. Systems and processes are the set of steps and actions that are followed to achieve a specific outcome, such as delivering a product or service, managing finances, organizational development, or hiring new employees.
Most business owners, CEOs, and executives who seek a Business or Executive Coach realize a gap between their current and desired skill set. In other words, they know that they can perform at a higher level but don’t know how. If done right, coaching can be a valuable tool for anyone who wants to grow their skills, improve their performance, and achieve their goals.
Are you an Executive, CEO, or Business Owner who wants to grow your leadership skills, improve your performance, and achieve your goals? If so, you might be wondering if Executive Coaching is right for you. Executive Coaching is a process that helps leaders enhance their strengths, address their challenges, and develop their potential. But how do you know if you are ready to work with an Executive Coach?
Running a business can be challenging, rewarding, and stressful at the same time. Business owners must deal with many aspects of their business, such as marketing, finance, operations, customer service, and more. Additionally, they have to constantly learn new skills, adapt to changing market conditions, and overcome obstacles. However, sometimes running a business feels overwhelming regardless of how hard working and committed everyone involved is. Inevitably, learned helplessness kicks in and creates a level of paralysis. But there is a better way! That’s when having a business coach is important.
As a business and executive coach, I meet with clients weekly to help them with decisions/strategy, or employee or personal situations that come up. To that end, the first few minutes of our meeting usually sets the tone for what is to come. The energy of the leader is generally a good barometer to how the week has gone. Lower energy normally indicates a less than optimistic or positive conversation and high energy does the opposite.
In order to stay competitive in the current business environment, most business leaders need to contemplate changes to their strategy to account for higher inflation and cost of capital, labor and material shortages... A critical step in implementing such changes is engaging the team in the decision. Here are a few pointers.
