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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How to stop giving up on goals

how to stop giving up on your goals

How to stop giving up on goals

[Time to read: 3 minutes]

Did you know research suggests that 70% of people that set goals for themselves fail to achieve them? Many just give up!

In this blog we’ll explore the purpose of goals and look at how to stop giving up on goals.

What is a goal?

A goal is a target; something to aim for; a stepping-stone to help you progress forward in your business, your career or personal life.

Why do we have goals?

The purpose of a goal is to stretch your capability. To achieve something that you don’t currently have.

There are many types of goals:

  • a typical business goal could be to hit a revenue or profit target or to expand the business into a new market
  • a career goal could be to further your career perhaps by gaining a new job, promotion or qualification
  • a personal goal could be to lose weight; to improve your well-being or to spend more quality time with your family or friends

All of these goals could be really important, so why is it that sometimes we give-up on our goals?

Some of my coaching clients have commented that in the past, they just seemed to stop working on their goal. Some gave up without even noticing; some comment that other things just got in the way. Some say: “I always seem to just give up after a few weeks – it’s just something I do – I don’t know why?!”. For many giving up on their goal can be a habit.

"There is no failure except in no longer trying."

Elbert Hubbard

So, how can we stop giving up on our goals?

Earlier on I mentioned the word ‘important’. This is a critical part of goal setting. The more important your goal is to you – the higher the chances are that you will work towards achieving it and not give up if the going gets tough.

How can you make your goal more important?

By asking yourself ‘WHY’ you want to achieve the goal in the first place. What will achieving the goal give you? I don’t mean just the actual result – for example: hitting the revenue target; getting the promotion at work or losing the weight.

I mean – how will you feel?

What is the emotion that you’ll experience achieving the goal?

What will achieving the goal enable you to do next?

What will you be able to do for other people when you achieve the goal?

To experience the ‘feeling’ of achieving your goal right now – why not try the following exercise?

  1. Stand-up, back straight
  2. Shake your arms and legs for a few moments
  3. Take a few deep breaths (breathing in through your nose and out through your mouth)
  4. Put your hands on your hips (I know this sounds nuts but do it anyway!)
  5. Close your eyes (assuming you’re in a safe place to do so!)
  6. Now think about your goal
  7. Think of the future – imagine or visualize your future-self achieving the goal:
    • Visualise your face – are you smiling? – what else are you doing?
    • Where are you?
    • What are you saying to yourself having achieved the goal?
    • What are other people saying to you?
    • What have you learnt achieving the goal?
    • What emotion/s do you feel?

Now open your eyes; grab a pen and paper and write down what you just experienced and also write down the answers to the questions that you just asked yourself.

This simple exercise can help you to experience the achievement of completing your goal. Which can help to give you a bigger why for your goal. The bigger the ‘WHY’ the more important the goal will be to you. The more deep-level importance you attach to the outcome of your goal – the more motivation you’ll have to achieve it.

Now of course when we commit to a goal – life can show up for us and things can get in our way of achieving the goal! The action you take towards achieving your goal may not work as expected. If this happens – don’t despair! Tap into the ‘energy’ of your ‘why’ by repeating the exercise we just did and think of a new action that you can try – something different.

If that action doesn’t work-out – repeat the exercise above and try again. This is the magic formula to not giving up on your goals.

Working towards your goals is as important as achieving the goal because when you work on your actions you’re learning and growing. You expand your comfort zone and increase your resourcefulness – especially when the action doesn’t work as expected – just keep going!

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

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