Why Coaching is Important for You and Your Business

Coaching is important for business leaders

Why Coaching is Important for You and Your Business

[Time to read: 8 minutes]

I sometimes get asked “Why is Coaching important for me and my Business?”

I coach Business Leaders and Entrepreneurs and for many of my clients ‘they’ are the business. Thus, the performance of their business is directly proportional to their personal performance.

It can often be the case that if the Business Leader is having a bad day – then so does the business.

So, you may ask yourself “Why do I need Business Coaching?”

In this blog I’ll introduce you to how coaching could help you to create more success for you and your business by helping you develop three key areas:

  • Confidence
  • Resourcefulness
  • Stress Management

So, let’s jump right in!

Feel free to watch the video or read below:

Confidence

It can be surprising to some that many Business Leaders and Entrepreneurs struggle with confidence. Well, not all leaders are extroverts, outgoing and confident.

In-fact in Bonnie Monych’s article on the Insperity website, she reveals “The Surprising Reasons Why Introverts Make Exceptional Leaders”

Being self-confident is trusting yourself and trusting in your abilities. Here are some examples of how coaching could help you to build your self-confidence:

1. Improving Presentation Skills

Most leaders are not trained speakers and are not used to speaking to a room full of people. For many, presenting to people can create anxiety and stress. Presenting whilst anxious can affect how well you communicate with the audience and can reduce the impact of your presentation. Your coach could help you to practice different presentation techniques and prepare for your up and coming presentation so that you become more confident at presenting.

2. Increasing Self-awareness

Having more clarity on how we see ourselves can help us to become more confident: Capturing our thoughts and questioning them can help reveal and change thought patterns that do not support us. Looking at ourselves from a different perspective can also help us to learn more about ourselves and apply that learning to improve how we communicate with other people. One of the aims of coaching is to help people create more awareness.

3. Creating Better Relationships

As the saying goes “People Buy from People”. Learning how to nurture customer relationships to build rapport and trust is key to ensuring long lasting, loyal customers. Coaching can help you to become more confident in creating better relationships with your customers, your staff, your suppliers, and your business partners.

4. Leveraging Your Existing Strengths

We all have strengths. Many people don’t know what their strengths are – in-fact it can be other people that notice their strengths first. Your coach can help you to identify your strengths and help you to learn how to utilize them more effectively so that you can make a bigger impact in your Business and Life.

Resourcefulness

The dictionary describes resourcefulness as “the ability to deal skillfully and promptly with new situations, difficulties, etc.”. Resourcefulness is a key differentiator between a good leader and a great leader. The ability to think clearly and act skillfully, can boost your personal performance as well as the performance of the business.

Being more resourceful can also help you to break through barriers that have been holding you back.

Here are ways that Coaching could help you to become more Resourceful:

1. Decision Making

Your coach can help you to break down the process of decision making and improve your evaluation of the options available. This can help improve decision making and can help build resourcefulness.

2. Creating Clarity with Goals and Actions

Your coach can help you to create more clarity with your goals, by helping you to define your goals with clear action steps. The practice of goal setting can also improve resourcefulness.

3. Developing a Clear Strategy

Every business needs a strategy. It’s difficult to get where you want to get to in Business without one. If your coach helps you to improve decision making and goal setting – then these two skills will help you to define a clear strategy.

4. Improving Productivity

Are you working too hard? Many Business Leaders do. Working too hard is counter-productive. It can create fatigue which in-turn and can affect decision making. Your coach will be able to help you identify the most important tasks that you should work on and brain-storm ways to help you to use your time more effectively. This can help you to be more resourceful.

Stress Management

High levels of stress can show up in different ways for different people. For example: Some people lose their temper, some withdraw themselves and some make bad decisions. One thing is for sure high stress can impact negatively on personal performance as well as the performance of the business.

The ability to manage stress will serve you well as most Business Leaders will experience highly stressful situations from time to time.

Coaching can help you manage stress more effectively in the following ways:

1. Identifying Stress ‘Triggers’

Coaching can help you to identify the ‘triggers’ that can cause you to feel high stress. Being more aware of your stress triggers is one of the first steps to help with stress management.

2. Step Back From The ‘Drama’

My clients comment that sometimes they arrive at a coaching session, stressed and overwhelmed about a ‘calamity’ that’s going on with their business or in their life – but they leave the session with energy – feeling refreshed. Coaching sessions give you an opportunity to step back from the ‘drama’ which means you’ll be able to look at it from a different perspective; feel less stress and leave the sessions feeling more resourceful.

3. Stress Management Techniques

Coaching can help you to explore stress management techniques and practice using them so that you’ll be better equipped to handle stressful situations in the future.

Feel free to download my FREE eBook “The Stress Management Guide for Business Leaders”. This guide will introduce you to….

‘The 7 Steps to a healthier, happier business-life’ which will help you boost your well-being.

You’ll learn strategies to help you to manage high stress so that you’ll feel more resourceful and confident to run your business and manage stressful situations in the future.

Conclusion

In this blog we’ve learned how Coaching can help Business Leaders to develop Self-Confidence, Resourcefulness and Manage Stress.

The combination of these three areas can help the Business Leader to improve their performance as well as the performance of their Business.

Being more self-confident, resourceful, and having the ability to manage stress can improve leadership in many ways, including:

  • Communicating more effectively
  • Creating better relationships
  • Leveraging your strengths
  • Becoming a better decision maker
  • Creating clarity in your Strategy, Goals, and Actions
  • Improving personal productivity
  • Being better equipped to handle difficult situations that may show up

I believe that mastering these three areas makes the difference between a good leader and a great leader.

Hopefully, you can see the importance of Coaching and how it could help you to create more success in your Business and Life.

I hope you enjoyed reading this. If you did, please comment and share.

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The 4 Mindset Secrets of a Successful Entrepreneur

The Mindset of a Business Leader and Entrepreneur

The 4 Mindset Secrets of a Successful Entrepreneur

[Time to read: 6 minutes]

I’ve been feeling a bit nostalgic lately and a few weeks back I tried to look up details of the first company I worked for: U-Microcomputers Ltd, to see what I could find.

I was amazed to find that the founder and Managing Director of ‘U-Micro’ – Bill Unsworth had written an autobiography!

It took a bit of tracking down, but I managed to buy a copy: “My Life – Scientist & Entrepreneur”.

Bill was a pioneer of the introduction of Microcomputers (1978) and the Internet (1994) into the UK.

For those of you that remember the early 80’s this was an exciting time for Microcomputer development in the UK – you may remember the Sinclair Spectrum, BBC Micro or the Acorn Computer?

I worked for Bill from 1987-1989 as a technician.

U-Micro designed and manufactured computer systems such as the ‘U-Man Series 1000’ used in University Chemistry laboratories. They also manufactured interface cards for the Apple I and II and were an IBM reseller.

Mindset Secrets

I looked forward to reading Bill’s book. I’ve read lots of books about entrepreneurs such as Elon Musk, Larry Page, Sergey Brin, and Richard Branson. I thought it would be fascinating to read about an entrepreneur ‘closer to home’ and compare their stories.

When I read books about entrepreneurs, I’m always keen to understand the challenges that they faced, their successes, their failures and most importantly to me – their mindset.

I’ve found it helpful in my businesses to see how successful business owners deal with failure and create success. 

Bill’s book did not disappoint! Without going into the details of Bill’s story, I want to share four of the ‘secrets’ that I discovered in Bill’s book that he shares with the more famous entrepreneurs that I just mentioned.

Successful Entrepreneurs

Secret #1: Learning from Mistakes

The first secret I discovered is that it is critical to learn from your mistakes. I liked the way that Bill noted ‘Life Lessons’ and ‘Business Lessons’ as he travelled through his life. When he described a mistake in his book, he referred to it as “another lesson learned”. It seems many entrepreneurs note down or make a point of remembering mistakes and failures that they’ve experienced. The key is to learn from these mistakes and not repeat them!

One way to do this is either to develop a particularly good memory, or to write it down!

If it’s a mistake you’ve made in life, then keeping a journal and writing about your mistake will help you to commit that experience to memory. This will help you avoid repeating the mistake in the future.

If the mistake is in your business, for example – a mistake in a process, then this is where SOPs – (Standard Operating Procedures) could help. The process is documented in a step by step approach. Should you encounter mistakes in the process, you can amend the steps. This will also ensure that should other people in your business use the same process – they won’t repeat the mistakes that you experienced.

You will probably make a lot of mistakes in Business and Life. It’s just part of your journey. But the journey is smoother when you learn from your mistakes! As the saying goes: “You must live and learn!”.

Secret #2: Pick Yourself Up When You Fall

The Entrepreneurs that I’ve read about have all experienced business failures – some of them huge failures such as the business collapsing. It was clear that Bill experienced setbacks and disappointments in his personal life and business life. His ability to pick himself up after experiencing a these ‘failures’ was another thing Bill has in common with other entrepreneurs. Entrepreneurs like Bill self-motivate themselves to see past the failures. They ‘dust themselves off’ and carry on!

Talking from experience, this is easier said than done!

However, I share four strategies on how to do this in my recent blog: How to Deal With Failure and Disappointment in Business. 

Secret #3: Never Give Up

I didn’t know Bill’s story before reading the book. However, after reading it I was amazed how many setbacks and disappointments Bill had! I think many people would have given up. However, he describes a quiet determination to succeed. It was clear Bill’s drive to succeed was strong!

Developing determination can be difficult for some. I read an article recently, written by Lilia Manibo from AnthroDesk which provides 10 ways to help develop determination.

One of my favourites from Lilia’s article is: “Decide to be Determined”:

“A decision to be determined is where you should start. That decision gives you a direction. It leads you to where you should be moving even if there are challenges along the way. When you make a decision, this should be done with conviction, both in smooth and hard times.”

CLICK HERE to read Lilia’s full article.

Secret #4: It May Be a Long and Winding Road to Success

The final secret for me that I took away from the book was that the path to success may be a long and winding road. It was clear that Bill certainly achieved a LOT of success – but his journey was not straight forward!

On your own journey to success, you may need to take breaks along the way. You may need to change direction and your journey may take longer than you first thought!

If you can apply the knowledge of this secret and of course the previous three, this will go a long way to move you towards success in whatever endeavors you are working towards!

Reading about Entrepreneurs is a great way to experience the long and winding road to their successes. I’ve yet to read a book about an entrepreneur who was an overnight success. Sometimes it may seem that way but their ‘back story’ usually provides a long list of mistakes, failures, delays, and changes of direction well BEFORE they achieve success.

Conclusion

I thoroughly enjoyed my time at U-Micro. I learnt a lot and had fun! Reading that part of the book brought back some good memories for me.

The biggest takeaway from Bill’s book for me was that we are all on our own journey in life and business. You don’t have to be a famous entrepreneur to experience ‘ups’ and ‘downs’ in life and business.

However, I believe that you do have to decide how you’re going to react and respond to the ‘failures’ that you may experience, if you want to move forward to success – just like Bill.

The perceived ‘failures’ you see can actually be ‘steppingstones’ to your success, as long as you apply the four secrets Bill and the other entrepreneurs demonstrated:

  • Secret #1: Learning from Mistakes
  • Secret #2: Pick Yourself Up When You Fall
  • Secret #3: Never Give Up
  • Secret #4: It May Be a Long and Winding Road to Success

Bill bounced back many times from ‘failures’. I believe it was his mindset that ensured his success – just like the other entrepreneurs.

I think we can all learn a lot from Bill’s story!

Thanks for sharing it Bill!…Oh and thank you for giving me my first job!

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I hope you enjoyed reading this. If you did, please comment and share.

If you’ve not already subscribed to my blog, and you’d like to receive more tips and strategies on how to create success in Business and Life, click the button below:

Do You Want to Take Control of Your Business and Life?

Book a free, no obligation ‘Discovery’ call with me.

During this call you’ll have the opportunity to:

  • EXPLORE the biggest challenge that you are facing right now

  • DISCOVER what you REALLY want out of your Business and Life

  • EXPOSE possible futures for you and your Business

  • EXPERIENCE coaching

Click the button below to book your ‘Discovery’ call: