ReportWire

Tag: Business Coaching Skills

  • 6 Ways Coaching in the Workplace Can Supercharge Performance

    6 Ways Coaching in the Workplace Can Supercharge Performance

    [ad_1]

    When it comes to business, it’s a fiercely competitive world out there. Many companies are starting to realize the value coaching gives to their organizations.

    It helps them develop talent, navigate complex challenges with agility and resilience, and pushes them to excellence. And there are some eye-opening stats to prove it.

    With coaching in the workplace on the rise, explore how to ramp up productivity and employee engagement and nurture future leaders.

    What Is Coaching in the Workplace?

    Coaching in the workplace is a structured process where a coach assists employees in enhancing their performance and achieving their objectives within an organizational setting.

    To illustrate this, let’s picture an organization, buzzing like a hive, full of talented folks. But there’s a snag: They’re finding it hard to fully tap into their potential. It’s like having all the pieces of a puzzle but not quite seeing the full picture.

    Now, let’s add a coach to the mix.

    Mentoring and coaching in the workplace can unlock individual and team potential to achieve organizational goals. The coach can identify strengths in employees and empower them to take ownership of their professional growth.

    On a macro level, some coaching in the workplace examples are cultivating a culture of continuous learning, clarifying the company’s vision, and finding the bottlenecks for faster business growth.

    Why Is Coaching in the Workplace Important?

    Organizations that want to stay ahead of the curve need a culture that’s all about growth and employees who are top-notch. Coaching helps them get there by helping their employees get crystal clear about their roles, align their ambitions with the company’s vision, and acquire the skills they need to perform at their best.

    What’s more, it functions as a mirror, helping employees reflect on themselves, understand their emotions, and build resilience to change and stress. It encourages them to dig deep, which ultimately leads to a more engaged, proactive workforce.

    This is particularly important when you consider how diverse our workplaces are becoming. Coaching offers a customized approach to development that supports diversity and inclusion. It enables every employee to grow and flourish in a way that suits them.

    What the stats say

    The International Coach Federation (ICF) conducted a study and found that 86% of companies not only made their investment back but also saw additional returns. Additionally, 19% reported a return of over 50%.

    This stat speaks volumes about the wide-ranging benefits of coaching, from driving productivity and fostering team spirit to developing leaders and sparking innovation. 

    Another compelling study conducted by a Fortune 500 company sheds light on the impressive return on investment (ROI) of executive coaching. According to their findings:

    • A considerable 77% of participants reported that coaching had a significant impact on at least one key business metric.
    • There was an upward trend in overall productivity, employee satisfaction, engagement, and quality, indicating the far-reaching effects of coaching.
    • Most impressively, executive coaching yielded an astounding 788% ROI, proving its exceptional value within the corporate landscape.

    When to Use Coaching in the Workplace

    Coaching methods in the workplace are diverse, just like the outcomes they can deliver. Let’s explore six instances where you can use coaching when working with companies and their employees.

    1. To improve productivity

    When we talk about productivity in the workplace, it’s more than just racing against the clock. 

    Sure, it’s about accomplishing tasks and meeting goals. But it’s also about delivering quality work and fostering a workspace where people can perform at their absolute best. 

    Especially today, with market trends shifting at the speed of light, productivity isn’t just a nice-to-have; it’s a must.

    Coaching can help employees understand their tasks better, level up their goal-setting and problem-solving skills, and ignite the fires of motivation. It can also identify roadblocks in the workflow, streamline processes, help with conflict resolution, and motivate employees to take full charge of their roles. 

    The result? 

    Less absenteeism, lower turnover, and a work environment where everyone is primed to deliver their best—all of which lead to a significant surge in productivity.

    Case in point: the ICF conducted a study involving several organizations across various industries. An impressive 86% of these businesses reported that they made their investment in coaching back, primarily due to a boost in productivity.

    Some companies even saw returns that exceeded their original investment, cementing the fact that coaching isn’t an expense but an investment—one that pays dividends in workforce development.

    These findings hammer home the fact that coaching isn’t just good for individuals; it brings real, tangible benefits to organizations. It’s an essential ingredient in any forward-thinking company’s productivity recipe.

    2. To boost employee engagement

    Employee engagement is a buzzword in the workplace, stretching far beyond mere job satisfaction. 

    It paints a picture of employees who are more than content with their work; they feel a strong bond with the organization, a commitment beyond the paycheck. These engaged employees often outshine their peers in productivity, loyalty, and service. 

    Why? Because they grasp their role within the broader context of the company’s goals.

    So, how do you cultivate this engagement? Coaching.

    It introduces the concept of personalized development plans, zeroing in on individual strengths and weaknesses. This tailored approach can kindle a sense of ownership and commitment. And as any skilled coach knows, listening to employee concerns, guiding them in setting achievable goals, and equiping them with the necessary tools can be a game-changer. 

    Through this process, coaching can foster a deep-seated sense of purpose, enhancing engagement.

    Gallup’s extensive research solidifies the bond between coaching and employee engagement. The results? Employees who affirm they’ve had meaningful discussions with their manager about their goals and strengths in the past half a year are 3.5 times more likely to be engaged. 

    And these discussions often take shape in coaching sessions, where there’s a focused dialogue on performance and development.

    This Gallup study underscores a crucial point: coaching isn’t an optional perk but an essential need in today’s workplace to foster engagement. 

    By encouraging open conversations and concentrating on individual development, organizations can significantly boost engagement levels. 

    The ripple effect? A host of benefits, such as increased productivity, decreased turnover, and a more harmonious workplace.

    3. To help achieve goals faster

    It’s no secret that goals give a clear sense of direction, purpose, and motivation. They’re like your very own GPS, guiding you toward your ultimate vision.

    But what happens if you don’t have clear goals? 

    That’s when things can get messy. Especially when it comes to business.

    Without clear objectives, employees might find themselves lost and unsure about the purpose of their roles in the organization. This can lead to lower productivity and satisfaction.

    That’s where coaching comes into play.

    It offers a structured and supportive space where employees can set goals that are both realistic and challenging, aligning them with the company’s strategic objectives.

    The process is like a personal workout for their career: identifying their strengths, the areas they need to focus on, and potential roadblocks. That way, employees can come up with their own tailored action plans.

    Coaches can hand employees the toolbox they need to hit their targets, including accountability, feedback, and a hefty dose of motivation. They can help them break down big, intimidating goals into bite-sized, manageable tasks, making the journey to goal achievement smoother and more enjoyable.

    Working with an organizational coach pays off; the ICF found that 70% of people who went through coaching reported better work performance, communication skills, and goal achievement.

    With the right support, structure, and accountability, coaching can be the secret ingredient to achieving goals, which can mean better employee performance and, in the end, skyrocket the overall success of an organization. 

    4. To improve leadership skills

    Leadership is the secret behind successful change management and the driving force behind an organization’s success. If you want to stay ahead of the curve in today’s fast-paced business world, cultivating leadership skills is a must.

    Coaching can fast-track that journey.

    A coach can provide a neutral perspective and some much-needed personalized attention that can turbocharge the growth of those skills. They can help leaders spot their blind spots, buff up their decision-making abilities, and boost their self-awareness.

    The coach-leader relationship is like a safe space—a sandbox where leaders can try out new strategies, gauge their impact on others, and learn from their experiences with someone cheering them on from the sidelines.

    But coaching doesn’t stop there. 

    It also helps leaders flex their emotional intelligence muscles, sharpen their communication skills, and become pro navigators of change—all essential skills for leading today’s complex business arena. 

    These benefits have been proven by data; research conducted by the ICF found that 65% of people who got some coaching saw improved work performance, while a whopping 80% reported a boost in self-confidence. 

    This shows that coaching can equip leaders with the skills they need to shine in their roles, foster a culture of continuous learning, and steer their organizations toward success.

    It can help organizations breed leaders who aren’t just effective and efficient but also resilient, empathetic, and ready to guide their teams through the challenges of the modern business world.

    5. To improve communication skills

    Effective communication is the lifeblood of a thriving business, a powerful tool that can ramp up efficiency, bolster morale, and breed a culture of respect.

    It’s more than just the exchange of information; it’s about understanding the emotion and intent behind that information. 

    Listening, not just hearing. Clarity, empathy, and transparency. 

    But here’s the catch: Not everyone was born a master communicator. Even the best of us could use a little help now and then. 

    Coaching focuses on honing an individual’s ability to articulate thoughts clearly, listen actively, give and receive feedback effectively, and navigate difficult conversations gracefully. 

    It equips employees with the tools they need to communicate with confidence, no matter the audience or the context.

    And let’s not forget about non-verbal communication. 

    Coaches can help employees master the art of body language, teaching them how to express positivity and openness without uttering a single word. Which translates into stronger relationships, smoother collaboration, and a workplace that truly communicates.

    The bottom line is, coaching is an effective method to improve executive dialogue and communication. According to an empirical study run by the American Psychological Association, it helps well-connected teams become up to 25% more productive.

    This isn’t about sprucing up our vocabulary or perfecting our grammar; it’s about transforming the way we connect in the workplace and making every conversation count.

    6. To increase emotional intelligence

    Emotional intelligence refers to the ability to positively understand, use, and manage your emotions to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict.

    It’s the secret sauce that transforms good leaders into great ones, fosters a healthy work environment, and drives meaningful and authentic connections among team members. 

    But as essential as it is, emotional intelligence isn’t a skill that everyone naturally possesses.

    Coaches can facilitate the development of emotional intelligence, encourage self-awareness, foster empathy, improve social skills, and guide emotional self-regulation.

    Coaching provides a safe, reflective space where individuals can explore their emotional responses, challenge their assumptions, and experiment with new ways of interacting with others.

    Through coaching, individuals learn to recognize and interpret the emotions of themselves and others, respond appropriately, and use this information to guide their thinking and actions.

    A study published on ResearchGate demonstrated this by measuring the emotional intelligence of a group of leaders at a financial company. They found that coaching increased their intrapersonal competency, interpersonal skills, stress management, self-regard, and empathy.

    This shows that coaching doesn’t just help us to navigate our work; it helps us to navigate our emotions and our relationships, both in and outside of the workplace.

    The Future of Coaching in the Workplace

    The numbers don’t lie. Coaching drives productivity, sparks engagement, helps employees smash goals, and molds leadership skills like a boss. 

    It can supercharge workplaces, transforming them into hubs of engagement, effectiveness, and innovation. 

    Now, are you ready to create massive transformations within organizations?

    Join the free Become a Mindvalley Certified Business Coach masterclass to learn the proven business coaching formula that solves any problem, delivers consistently outstanding results, and builds a lasting relationship with clients.

    [ad_2]

    Ana Sofia Espejo

    Source link

  • Why Branding Coaches are in High Demand (and How to Join Them)

    Why Branding Coaches are in High Demand (and How to Join Them)

    [ad_1]

    It’s common business knowledge that every company needs a distinct and powerful brand voice. It’s the magic ingredient that elevates them above the noise, ignites emotional connections, and attracts the ideal audience.

    Think of Nike’s iconic “Just Do It” slogan or Lush’s commitment to fresh, handmade products. These are more than just marketing tactics; they’re strategic narratives woven into every aspect of the brand experience.

    But crafting such a story can be a challenge, especially for solopreneurs and growing businesses. That’s where being a branding coach comes in handy—and you’ll guide them to break through the noise, build magnetic brands, and achieve their wildest business dreams.

    What Is Brand Coaching?

    Brand coaching is the process of developing a brand identity, messaging, and strategy for individuals and businesses.

    As a result, brands can create more awareness, a consistent look and feel, and effectively communicate their vision and values to their target audience.

    Studies show that people need to see a brand at least five to seven times on different channels before they can trust it. Companies achieve the highest recognition when their brand identity is developed across multiple communication outlets, such as social media, online and offline ads, and media appearances.

    The same goes for personal brands. Statistics show that 82% of buyers are more likely to trust the company if its representatives have a consistent social media presence. This has made personal branding an important asset for entrepreneurs and executives leading companies.

    What Does a Brand Coach Do?

    A brand is more than the products and services a company offers. It includes its values, actions, vision, voice, and more. As a branding coach, you develop a brand strategy and style by defining these four key elements.

    1. Brand vision

    This includes the core values and mission of the company and how it wants to appear to its target audience. It’s the compass that guides every branding choice in your strategy, so you must start by establishing a clear vision.

    2. Positioning

    How do you present yourself in the market? Are you a luxury brand or a more mainstream one? Do you care for the environment? 

    Your positioning will inform your choices, both in your branding and other business efforts.

    3. Target audience

    Who are you speaking and selling to? What do they desire, and what do they struggle with? 

    Successful brands speak directly (and intimately) to the specific audience they are trying to reach.

    4. Culture

    Your brand is not cut off from the rest of the world. It’s integrated into demographic groups with cultural aspects that affect their communication style and values. 

    Use them as a part of your brand to stay relatable.

    Brand Coach vs. Brand Consultant: What’s the Difference?

    Although a brand coach and a consultant both focus on the public reputation of a person or company, they differ in a few key aspects. Here’s a closer look at what those are:

    Brand Coach Brand Consultant
    Role Helps define branding choices. Offers expert advice and strategies to grow brands. 
    Contract Ongoing, personalized sessions. Specific projects or tasks with a defined scope and timeline.
    Approach Uses coaching techniques. Applies consulting methodologies.
    Focus Uncovering strengths and achieving objectives. Providing strategic guidance and market insights.
    Outcome Builds clarity and competence. Aims to deliver tangible and measurable outcomes.

    Types of Brand Coaching

    A few types of brand coaches you may come across are:

    • Celebrity branding coaches. They work with individuals who want to grow their personal brand as public figures or influencers.
    • Personal branding coaches. They support individuals in clarifying their brand values, strengths, and unique selling propositions.
    • Brand identity coaches. They work with clients to cultivate a cohesive and authentic brand identity that reflects their values and resonates with their audience.
    • Luxury brand coaches. They specialize in assisting high-end brands in defining and maintaining an exclusive and aspirational brand image.
    • Small business brand coaches. They support small business owners in developing and implementing effective branding strategies to differentiate themselves in the market.

    Why Is Brand Coaching in Demand?

    To grow a business, it’s undoubtedly important to have branding. Here are a few ways strong positioning can do that:

    1. Brands make promises to their customers

    Successful brands tell their customers what they can expect and what they would stand for by working with or buying from them. If you establish a brand that preaches innovation, it must deliver a quality experience to customers.

    If you’re not delivering on your promise, the market will tell you by making you lose sales and see diminishing returns. The reverse is also true. If you practice what you preach, it will reflect on your bottom line.

    2. A clear brand identity is like a roadmap

    As soon as you told someone who you were, you implicitly told them who you weren’t. When it comes to positioning a company well in the market, it’s often much more important to show how you are different from other major players.

    A clear brand identity becomes your roadmap for how you communicate who you are as a personal brand or company in the tiniest details. If you keep it consistent, it will earn the trust of your customers.

    3. A positive brand experience leads to higher market value

    Branding affects the overall experience of customers when interacting with a company. This includes everything from the look and feel of a product design to the tone in which the company speaks to them and the type of characters they see in the advertisements.

    The feeling you leave them with determines how much you can charge them for the products you’re selling them. If their experience is great, they will show that with their credit cards.

    4. Branding creates emotion around your brand

    Humans are emotional and instinctual. We might want to make the most logical choices, write pro-con lists, and ask for referrals from our friends, but at the end of the day, we’ll decide on the product that feels right to us.

    A brand that can evoke sentiment is more powerful than one that only talks about features and benefits. If you have a memorable brand story, your service or product will be remembered.

    5. Well-defined brands guide advertising and marketing

    If you don’t work out a clear brand strategy, you may end up spending tens of thousands of dollars or more on advertising and waste years communicating the wrong message.

    However, if your brand messages are clever and your story is effective, you can cut down on your ad spend and earn new customers with less investment.

    6. A strong brand attracts and retains top talent

    Branding also includes your company as a workplace. With clear communication, you’ll attract more qualified and in-demand employees and collaborators. They will also end up staying with your team longer, which will yield high returns on your training and overhead costs.

    How to Become a Branding Coach

    Becoming a coach doesn’t require a degree. However, adequate training will make sure you can deliver the results you promise to your clients.

    You can either enroll in a specialized corporate or personal brand coach certification program or join a comprehensive business coach training program.

    Besides certification, you can also consider immersive courses, hands-on workshops, or mentorship from industry professionals to improve your branding skills. These are all great sources to pick up branding essentials, techniques to craft compelling narratives, as well as targeting and positioning strategies.

    Frequently Asked Questions About Brand Coaching

    What does working with a branding coach look like? 

    As a brand coach, you would:

    1. Create a coaching program that clients can sign up for.
    2. Put together an in-depth branding questionnaire to interview clients about their businesses.
    3. Conduct one-on-one sessions with them and support them with coaching models and materials to aid their progress.

    You must understand the brand history of your client, their primary business objectives, and their current brand language to improve their business communications.

    How fast can you get results from branding coaching?

    As a brand coach, sometimes you can impact a brand in just one session. You can share key insights and content ideas to help your client refocus their efforts in the right places.

    However, crafting a brand takes time, as well as careful planning, implementation, and maintenance. You may offer a 3-6 months coaching package to your clients that allows you to create a more sustainable transformation in their branding skills and public presence.

    How much do brand coaches earn?

    Fees brand coaches charge vary based on their experience, reputation, and location.

    On average, they can earn anywhere from $50 to $500 per hour, with some top-tier coaches charging even more for their services.

    Additionally, brand coaches may earn income through group coaching programs, workshops, online courses, and consulting services, which can further contribute to their overall earnings.

    Transform Brands With Powerful Coaching Frameworks

    The more results you deliver to your clients, the further you can grow your coaching practice.

    Learn the ultimate formula for delivering breakthrough outcomes to any business client, even as a beginner coach. Discover the bulletproof solution that builds lasting and lucrative client relationships in the free Become a Mindvalley Certified Business Coach masterclass.


    Images generated on Midjourney.

    [ad_2]

    Sigute Zitikyte

    Source link

  • 3 Signs You Fell for the “Underpromise and Overdeliver” Myth

    3 Signs You Fell for the “Underpromise and Overdeliver” Myth

    [ad_1]

    Marketing and sales gurus, established coaches, and other business experts chant the same mantra:

    Overdeliver, overdeliver, overdeliver.

    You need to exceed expectations—to overdeliver—when you work with your clients.

    But for Ajit Nawalkha, the co-founder of Mindvalley Coach, he’s not one to accept advice just because it’s common or popular.

    It’s good to evaluate and analyze everything you hear and read based on your personal experiences and observations. This way, you don’t get caught up in short-lived trends or ideas that may harm more than help your business.

    Instead of wondering how to underpromise and overdeliver, take the cost of it into account first.

    Based on Ajit’s own experiences working with countless coaches over hundreds of hours, here’s what he advises…

    What Does “Underpromise and Overdeliver” Mean?

    The phrase “underpromise and overdeliver” basically means promising someone less but delivering more. It’s the idea of setting modest expectations and then pleasantly surprising others by going above and beyond what you initially committed to.

    It’s akin to saying, “I’ll do my best,” and then surpassing expectations by aiming for exceptional results.

    Overdelivering is great—but only up to a point.

    If you don’t do it right, you could end up creating massive problems that could destroy your entire coaching practice. 

    Here are three signs that tell you you’re overdoing over-delivery—and what you should do instead.

    3 Signs The “Underpromise and Overdeliver” Mantra Is Damaging Your Coaching Business

    Sign 1: Time boundaries mean nothing to you

    Your coaching sessions are powerful and results-driven. You don’t end a coaching session until you’ve answered every question that your clients ask.

    Even if it means going over the session time by 15, 20, 60 minutes, or more.

    Do you recognize yourself here? If you said yes, it’s time to stop what you’re doing and reevaluate what’s really going on.

    So what are the risks of underpromising and overdelivering here?

    When you allow a coaching session to go way beyond the designated time, you’re showing your client that you have no boundaries.

    Healthy boundaries are crucial if you want to build a successful, sustainable coaching practice. Over-stretching yourself because of weak boundaries will cause you to feel overworked, overwhelmed, and under-appreciated.

    You’re likely to feel deep resentment toward your clients, and you might even end up believing that coaching is not for you. Avoid this by protecting your boundaries as a coach from the start.

    If you don’t know who is the person that you want to work with, you’ll end up with a lot of clients who may be able to give you the fees, but will not give you the joy of coaching with them. — @ajitna Click To Tweet

    Highlight what you will and will not do (no client calls after hours or on weekends, for example) in your client contract and when you first speak to your clients on a discovery call. 

    Doing this will create clarity and help you to uphold boundaries if your client steps over the line.

    Sign 2: You deliver amazing results but your prices are ridiculously low

    Some coaches figure that if they overdeliver by charging less for top-notch services, clients will be impressed and keep coming back for more sessions. They hope that more clients will be attracted to their low price point, and this will create business success.

    Nothing could be further from the truth.

    Success is not measured by the quantity of clients that you work with but by the quality of the work you do.

    If you’re spending just about every waking hour working with clients to make ends meet, then you’re headed straight toward “Burnout City.” If you’re exhausted all the time, you will not be able to help your clients achieve the results they’re looking for, which will damage your reputation as a coach.

    When you charge a ridiculously low price, you are also demonstrating to your clients that you don’t value your own services, and this means they’re likely to do the same. 

    When you undercharge, your clients will take you for granted, will be less inclined to work with the strategies, tips, and tools that you share with them, and may even be happy to skip sessions with no prior notice.

    This is not the kind of coaching practice that you want, and it’s certainly not the message that you want to give your clients. 

    Evaluate your price points with care. Do a little background research on your competitors, and make sure you are pricing competitively and in line with the true value of your services.

    A coach frustrated with his business results

    Sign 3: You consistently do your clients’ work for them

    Imagine this scenario…

    A business coach comes up with a list of strategies that his client needs to implement to move forward in their business.

    One of these strategies is to come up with a list of ideas around creating products or programs that the client can sell to create a great passive income stream.

    The coach tells the client to create this list so they can discuss it during a follow-up coaching session.

    The client fails to do this. So the coach comes up with ideas for the client during the follow-up in an attempt to “overdeliver.”

    In this all too common scenario, the coach does the client’s work, and the client ends up with a great list of program ideas without having to do any of the creative thinking or research.

    Does this feel familiar?

    If you do the work for your clients, it doesn’t mean you go the extra mile. It means that you’re teaching them to depend on you.

    You’re demonstrating that they don’t have the capability or the creativity to do what it takes to create success in their own lives. And without even meaning to, you’ll end up disempowering your clients.

    No matter how tempting it is, never do the work for your clients in the name of “overdelivering.” Instead, hold your clients accountable for the work they must do so they can create the results that they want in their lives.

    Impress Your Clients Without Overstretching Yourself

    If your goal is to overdeliver and exceed your clients’ expectations, pick just one thing and be very specific. For instance, if you’re a business coach, share five marketing strategies instead of three, or offer a surprise bonus along with your programs or packages.

    When it’s not done right, overdelivering can sink you into the depths of burnout and put your entire business in jeopardy. 

    When it’s done right, overdelivering will create a mind-blowing reputation that will skyrocket your coaching practice.

    Choose wisely.

    Join our free Masterclass Become a Mindvalley Certified Business Coach and discover how you can create future-proof wealth, freedom, and expansion in your business with high-paying coaching clients.

    [ad_2]

    Annamaria Nagy

    Source link

  • Why Hire a Business Coach? 6 Reasons to Invest in Mentor Coaching

    Why Hire a Business Coach? 6 Reasons to Invest in Mentor Coaching

    [ad_1]

    You might be wondering, “Why hire a business coach when you’re one yourself?

    The thing is, it benefits not only your revenue but also makes you a better coach by experiencing what your clients experience firsthand.

    Hiring one for the first time can be intimidating. You might be feeling like you’re supposed to know these things. After all, it’s what you make a living out of.

    If you’re concerned about “How much does a business coach cost?” then career coach Robbie Swale might offer you a new perspective on this: seeing it as an investment and focusing on earning it back by growing your business.

    Here are six reasons why working with a coach is the best move you can make to scale your practice, told through the lived experience of Robbie himself.

    This article was originally published on LinkedIn in February 2019 by Robbie Swale and has been edited for punctuation and clarity.

    I was speaking to a client of mine, a coach. We were just finishing our final session. Extraordinary things had happened for the client in her life, and her coaching business. She said, reflecting on the power of the work, “I just don’t understand coaches who don’t have coaches.”

    And I don’t either.

    Because if there is one thing a coach can do to have the greatest positive effect on the success and impact of their coaching business, then it is to hire a coach for themselves.

    And that’s what this article is about. It’s about how, if you want to start a successful coaching business, then you should consider hiring a coach. 

    Having your coach will not only be a joyful, powerful, and inspiring journey, but it will also be singularly impactful on how successful you are in making this coaching thing your livelihood.

    Here’s why…

    1. It’s the Quickest and Easiest Way to, Let’s Say, Triple What You Know About Selling Coaching

    I was running a group supervision call with a colleague, supporting several new coaches with the challenges they were having in the first few months after completing their coach training. On this particular call, the common business coach challenges they brought were mainly around how best to enroll new clients.

    This included everything from contracts to the actual mechanics of the conversations with prospective clients. I couldn’t work out why I found it so confusing that these coaches were asking these questions.

    Where did I learn this? Because only some of it had been when I studied in the same coaching course a couple of years before. And then I realized that the three coaches on the call had never hired a coach.

    Hiring a coach once would have shown them the answers to almost all their questions; seeing what went through their minds as they decided which coach to hire, or seeing what the coaches did and what made the difference.

    In fact, they would have learned so much even from coaches they decided not to work with.

    While I was studying coaching, I read The Prosperous Coach, a fantastic book by Rich Litvin and Steve Chandler. One of the things they say in the book is: Hire a coach. After all, who would (as they say, memorably) trust a doctor who told you they didn’t go to the doctor?

    So after I finished my training, I went out and spoke to coaches. It was fascinating, and the lessons I took away helped me create new ways of being and behaving in my business that I could believe in.

    That included ways I didn’t want to be.

    And you just can’t learn all that from a 10-step webinar program. You need to play in the real world.

    2. It Will Make You a Much Better Coach, Faster

    The section above is about the enrollment process, and there’s so much to learn there. But hiring a coach will gift you so much more than that: It has the potential to change and inspire the way you work and change lives every day.

    So hire a coach who hasn’t trained in the same place you did. Hire one who has developed themselves over the years. Hire one who’s better than you. And then learn from them. Because seeing people in action is inspiring and enlightening.

    It gives you a feeling for how a different coach plays the game: how they lead and when they follow, what questions they ask and when, how they play with exercises and assignments, and what it’s like when they do.

    It supports you in going through one of the most important shifts that a coach needs to go through to do their best work: the shift into trusting that you can create your own coaching style as well as your own coaching business.

    That shift partly comes from seeing how other people do things and thinking, “I could do that. But would I?

    What did it feel like when they said that, or sent you that email or assignment?

    What was the outcome?

    Would you do it like that? If yes, then start doing it. If not, then why not?

    As another client of mine said to me recently, “There shouldn’t be any shame in copying what others have done.” Absolutely. You’re here to serve your clients, to support them as best you can, so borrow what other coaches have said and done to change your clients’ lives.

    I heard someone say once: there’s no new wisdom in the world, but when you share the age-old wisdom, you give it your flavor, and that makes it new. So use what your coach uses to serve your clients as best you can, and give it your flavor.

    3. It Will Guide You Through Your Money Issues

    I’ve spoken to many coaches, and most (if not all) of them have at some point in their life had this thought “Is my coaching worth $X?

    Often, this challenge (working through our resistance to charging for our time) is one of the things that holds coaches back from running a successful business, from having the money they need, the money that is the lifeblood enabling them to change the world.

    Now, hiring a coach doesn’t always resolve that—although it can, if you focus your work there—but it can answer a bigger and often underlying question: Is any coaching worth $X?

    Because once you have paid a coach $1,000, $2,000, or $10,000 and seen and felt what you got in return, you will know this. It will be a part of your experience. Was it worth that money? If yes, why? If not, why not?

    When looking for a development opportunity in 2017, I came across a program I wanted to do: Brené Brown’s Daring Way Certification. It was in Houston, Texas, and cost $3,000. Plus, of course, I had to go to Houston. This seemed like an enormous amount of money until I shifted my perspective to look at it as an investment in my business.

    I did this almost by accident, by asking myself this question: How many extra clients would I have to get to make this investment in my business—of about $4,000 including the travel—worth it? I was charging £1,500 for my typical engagement at the time, so the answer was easy: three.

    Then I thought, would being able to say I am an accredited Daring Way facilitator lead to me getting three extra people, ever, to work with me? That ever there, that’s important. I can add that in there because I’ve made a commitment to coaching for the long term. And with that commitment—and making the commitment is important if you want to make a success of your coaching business—the answer came to me: It was a pretty obvious yes.

    In the end, I didn’t go for that training, but that opened something up for me in how I looked at investing in myself. It was the final push that opened the door to “If I do things differently, I can create more money for myself.” It was the final nail in the coffin of “There is a scarcity of money available to me.”

    For many of you, entrepreneurs and business owners especially, this may not be new, but for me, it was, and the shift was important.

    Woman talking to her business coach

    4. It Will Teach You—Deep Down—What It’s Like to Be a Client

    The sales process is not the only part of working with someone that you will learn from about receiving coaching. You will also learn more about every stage of the process.

    About three months into the Prosperous Coach Salon, I was getting worried. I hadn’t made as much money during the program as I thought I would. 

    My thoughts were all over the place…

    Is it working?

    Will I get the value I want?

    Am I doing it wrong?

    Will I regret taking part in the program?

    Has this all been a terrible mistake?

    And until I wrote down my worries to try to process them, I wasn’t able to see how funny it was. When I looked down at it in writing, I laughed out loud because this is something I speak to my clients about all the time.

    From my earliest clients, I had begun to see how it happens for people, often about one-third or halfway through their coaching. They worried about it; they felt like enough progress wasn’t being made.

    It’s the period in the middle of the hero’s journey (that’s what a commitment to changing your life and changing yourself is) that Joseph Campbell calls in the belly of the beast, where you most want to give up, where it feels most hopeless.

    I had seen this, so I often shared that this might happen with clients near the start of our work. I had felt it before myself, but this time, with more money on the line—more money than I had paid for almost anything ever—I felt it so much more strongly. And after I had had the experience of that during the Salon, I was able to notice it even more with my clients and develop extra compassion for them at that stage in their journeys.

    I was also able to learn from how Rich prepared us for it and then how he worked with the members of the group (including me) on our concerns. I was also able to see how that stage is sometimes a necessary part of the process, as Campbell, Steven Pressfield, and so many others tell us. From that moment and that realization, things really started to shift for me in Rich’s program. My growth and engagement accelerated.

    It’s not just that, though, that you learn about what it’s like to be a client. It’s about all stages of the process and the journey.

    You learn about the beginning of engagements: How do you set them up to be powerful?

    You learn about the ends of them: what kind of ending serves you when you’re a client? How can you make the way you end your engagements even better and gift your clients a powerful ending?

    And you learn about how a coach manages, supports, and works with their clients throughout the process. Then you can reflect: What would you want more of or less of, and how can you deliver it to your clients at each stage of the process?

    5. It Will Transform Your Belief in Coaching

    What do you actually do, Robbie?” said a friend of mine to me a couple of years ago. “As far as I can tell from your articles, you just listen to people and reflect back what they say?” It wasn’t said with malice, but I felt at least a dash of skepticism.

    My stomach dropped. It played into my doubts: Is coaching even a thing?

    How can sitting and listening to people, reflecting things to them, and asking questions make such a difference?

    Why do people pay money for this? Is this a real job? Am I about to get found out?

    But, inside me, something was different from how it had been a year before when my confidence and my belief in coaching were far more fragile. I was more confident. I believed more. Some of that came from seeing the results for my clients: From seeing my income go up and reading the feedback people had given me.

    The belief came from the feeling I felt every time I left sessions with my coach and seeing the things I achieved with that energy and momentum. Things I didn’t think myself capable of. It came from understanding the value of making a commitment to work with someone for several months and to work on myself.

    6. It Will Keep You On The Right Path

    Coaching is hard. Being an entrepreneur is hard. It isn’t for everyone.

    It has downs to go with the ups, struggles to go with the successes and stress to go with the joy. I’ve spoken before about how important it is to make a long-term commitment to coaching (indeed, I believe that’s true of any venture), because committing to the long term will free you in the present.

    Making a commitment frees you to do so many things: To make investments in yourself, to create long-term relationships, and to not be chasing the next client desperately. But making a commitment only works if you can stay committed.

    There’s a reason that we do what we do, that we love coaching. It’s because it’s an incredibly powerful way of developing yourself, meeting challenges, getting through struggles, and relieving stress. I remember thinking early on in my business, “Wow, this coaching I’m getting is so valuable. Even if all my business does is pay for this, it’ll be worth it.”

    If you hire a coach, it will keep you invested in coaching. It will help you keep your belief and your faith, and it will help you stick with this thing, even when you’re doubting, even when you feel like giving up.
    Elevate your career and future-proof your business by learning this one crucial skill for coaches. Join us in the Become a Mindvalley Certified Business Coach free masterclass.

    [ad_2]

    Annamaria Nagy

    Source link

  • The 6 Power Bases: The Coaching Model to Awaken Your Clients’ Power

    The 6 Power Bases: The Coaching Model to Awaken Your Clients’ Power

    [ad_1]

    One of the biggest sources of strength for a leader is knowing where they draw their power from.

    In 1959, social psychologists John French and Bertram Raven identified five bases of power manifested by leaders in positions of authority. Later on, they added a sixth power base to the list to help leaders understand how they can fulfill their roles effectively.

    Power bases are the methods by which leaders manifest their power and influence their teams. This is why it’s so essential for them—and for you as their coach—to understand this key concept.

    Discover how you can use power bases in leadership as a coaching tool and help your clients lead their teams more intentionally.

    What Does Power Mean in Leadership?

    In the context of leadership, power refers to the ability to influence others. There are different ways leaders can guide, motivate, and direct their teams depending on their style and the organizational culture they operate in.

    Power is not just about control or authority but also about the leader’s capacity to affect the behavior, decisions, and attitudes of their reports. They need to skillfully navigate interpersonal dynamics and mobilize their teams to work towards a common goal.

    What is the difference between power vs. influence?

    When coaching clients on business and leadership skills, it’s important to help them understand the difference between power and influence. This way, they can develop greater awareness of whether they rely on legitimate power (their official position or title) or use influence tactics.

    Power Influence
    Definition The ability to control or direct others, often associated with authority and position in an organization. The capacity to affect the thoughts, behavior, or opinions of others, regardless of formal authority.
    A Typical Example CEOs using their formal authority to make strategic decisions. A mentor influencing a mentee through guidance, support, and positive role modeling.
    Where Power Is Drawn From Can be derived from formal positions, titles, or roles within an organization (legitimate power), expertise, charisma, rewards, punishment, or control of information. Primarily stems from personal qualities, relationships, communication skills, and the ability to inspire and persuade.
    How Authority Is Used Often involves the exercise of authority and control to achieve compliance. Involves persuasion, inspiration, and the ability to motivate others voluntarily.
    Impact Can be effective as long as the person holds a formal position or authority. May have a more enduring impact, as it is based on personal relationships and trust.

    What Are the Different Types of Power Bases?

    The six power bases developed by French and Raven can be an essential coaching tool for working with leaders. Let’s look at what each of these forms of leadership is and how they manifest in real-life situations.

    1. Legitimate power

    This is the leader’s power to get others to comply purely based on their position. In a hierarchical organization, the executives at the top have legitimate power to demand compliance from others.

    Although employees may comply based on legitimate power, they might not do so with a sense of cooperation and commitment.

    2. Reward power

    This is a leader’s ability to yield power by compensating their employees for compliance. In this case, they control a desired outcome for their employees, such as recognition, extra holidays, a bonus, or a promotion.

    Used in the right context, reward power can be a strong incentive for employees. However, if overused, employees may be tempted to focus solely on the extrinsic rewards of their work and forget about the more meaningful, intrinsic motivation for their jobs.

    3. Coercive power

    Using coercive power means making employees comply through force. It can be economic, social, emotional, political, or even physical. 

    Though these are extreme examples, many leaders use threats (either direct or indirect) to get the work done if they don’t have better leadership tools.

    4. Informational power

    Informational power in a leader’s hands means controlling critical information that others need. They can exercise this type of power by withholding that information. 

    However, this type of power dissipates immediately once the information is shared.

    5. Referent power

    Referent power is a leader’s ability to lead by example. Drawing from this power base allows leaders to earn respect for their values and become role models for employees and mentees.

    Leaders can only empower and inspire others if they possess referent power. Naturally, this power base takes more time to develop, and it’s what’s most effective in both organizational and other hierarchical settings.

    6. Expert power

    Expert power relies on a leader’s specialized knowledge, domain expertise, or skill set. Interestingly, an employee with greater knowledge might have higher expert power when it comes to a particular area.

    This power base diminishes as a leader starts sharing their knowledge with their employees. Fearing this, leaders sometimes intentionally choose not to educate their employees. 

    While this might increase the leader’s perceived power, it weakens the organization’s effectiveness over time, as well as their respect for their leader.

    Power Bases Infographic

    What Are Some Examples of Power Bases in the Workplace?

    1. Legitimate power: A company’s CEO. Employees are expected to follow the head of the organization’s directives and decisions because of their formal position at the top of the hierarchy.
    1. Reward power: A manager. They have the authority to grant bonuses, promotions, or other rewards, so employees are motivated to perform well in the hope of receiving these incentives.
    1. Coercive power: A supervisor. They have the authority to impose disciplinary actions or penalties, so employees may comply with directives to avoid negative consequences such as reprimands or job loss.
    1. Informational power: An executive assistant. They control access to critical information in a company. Others may seek their favor or cooperation because of the valuable insights and data they can provide.
    1. Referent power: A popular and respected team leader, well-liked by their colleagues. Team members are more likely to follow their lead due to the positive relationships they’ve built and the admiration they receive.
    1. Expert power: An IT manager. They have extensive knowledge of cybersecurity, so their colleagues respect and defer to their decisions related to security measures.

    The first four power bases are more positional, which means they depend on the role of the leader within an organization.

    The last two (referent and expert) are more personal. They stay with the leader, irrespective of their title in the organization; this also makes them easily transferable. Additionally, they’re the most effective at building long-term commitment amongst employees.

    Leadership coach in conversation with a clientLeadership coach in conversation with a client

    Coaching Leaders Through Their Power Bases

    The objective of this coaching technique is to help your clients gain a deeper understanding of their power bases by reflecting on real-life scenarios.

    Focus on these two questions during your coaching session:

    1. How do they exercise their power right now as a leader?

    2. What kind of power would they like to develop more of?

    Understanding this concept helps them improve their relationships with their employees and their performance as a leader.

    An 8-step process to coaching leaders on their power bases

    1. Start off by explaining the framework to your client and what each power base means.
    2. Ask them which one or two power bases they use most often
    3. Invite them to think of a specific time when they used them effectively.
    4. Dig deeper: How much of this power base do they use in their relationships with their juniors, peers, and superiors?
    5. Can they recall instances when this form of power wasn’t effective?
    6. What power bases would they like to use more often to become better leaders?
    7. What are they learning about their relationship with power through this process?
    8. Is there a dominant power base in their organization or team? How is it affecting their overall company culture?

    From Insight to Action

    A leader’s ultimate source of power comes from how effectively they are able to influence their team. Using this powerful coaching model will help your client leave with specific action steps on how they can develop their effectiveness as a leader.
    If you want to dive deeper into the art of masterful coaching, join us in the Become a Mindvalley Certified Business Coach free masterclass to learn how to transform your passion into a purposeful profession.


    Some of the images have been generated on Midjourney.

    [ad_2]

    Siddharth Anantharam

    Source link