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Business Management

The skinny on executive coaching – is this really helpful for smaller businesses?

The discipline of coaching has been around for a while, but there are still some misconceptions. Many people think of therapy sessions, complete with couch, bespectacled observer, and a notepad. Others may imagine a hyper-positive cheerleader, chanting that you’re good enough and people like you. Either way, with all the daily fires that are part of owning and managing a growing enterprise, many business owners view coaching as overly indulgent at best, and a waste of money at worst.  On the contrary, coaching is a very powerful tool in developing managers that larger companies have been utilizing for quite some time. Is coaching valuable enough to invest in when you’re in those lean, chaotic growing years?

To answer that, it’s helpful to understand the purpose and process of coaching. Coaching can be done individually or in a group, with most executive coaching being individual. Unlike therapy, where there is an assumption that some sort of dysfunction exists that needs to be resolved, in coaching the assumption is that the client is already functioning well and is using coaching to get to another level. Coaching is also unlike training or consulting, where the consultant is retained as an expert in a particular field, providing answers that the client does not have.

Coaching is unique from all other disciplines in that while the coach may, and usually does, possess expertise in certain areas, their role is not usually to provide these answers to the client, but rather to help the client arrive at their own answers. In a typical coaching session, a coach will hear the client’s issue and ask questions designed to help the client reframe their perspective, or understand the issue in a different way. There is almost always an ‘Aha moment’, when a client is able to view the situation differently and reach a solution they hadn’t considered before, which is very empowering.

The value of coaching is in how extremely powerful it is in helping clients get to a place of strength and confidence in dealing with various aspects of their lives. Oftentimes new and even seasoned leaders feel stuck; whether it’s because they are struggling giving or receiving feedback, unfulfilled in their role, or unsure of how to handle a particular challenge. Senior leaders, in contrast, can be uncomfortable sharing their uncertainties, sometimes rightfully so, because of the unsettling effect it might have on their employees.

Practically speaking, a leader or business owner benefits from coaching in these ways: They receive a sounding board to discuss issues, problems, or new ideas. They work through frustrations or conflicts they are experiencing in their roles. They learn to identify their areas of strength and weakness, and explore ways to capitalize on those strengths for maximum effectiveness. In addition, business and leadership coaching can often be combined in some form with training or consulting in order to provide more guided development.  The one-on-one interactional format ensures rapid advancement, far greater than classroom or virtual learning.

To wrap it all up, the impact coaching can have on one’s effectiveness in the areas of leadership, communication, problem-solving, strategic planning, conflict resolution and other areas is so great compared to the cost of the investment that it’s one of those things to put at the top of the list when budgeting for training and development.

If you’re interested in coaching and want to learn more, or take advantage of a complimentary coaching session, click here.

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Business Management Leadership Development Training Uncategorized

What kind of leadership training does a small or growing business really need?

If you’re a small or mid-sized growing business, what do you think of when you hear the term leadership training? If you’re like many people, it’s akin to getting your car serviced. You don’t want the problems that not having it will cause, but you don’t have any symptoms now and you really don’t have the time, resources, or patience to deal with it right now. There’s time later for all that, right? To add to the confusion is the fact that so many leadership programs that are offered are frankly overkill for smaller business, and can be very expensive and/or offering large company, cookie-cutter solutions that are awkward or less than relevant to smaller players. The temptation can be to put this aside until you’re bigger.

Resist! The fact is that there is no better time than now to start working on your leadership program. It may seem hard to believe, but as you grow it’s only going to get more difficult to be proactive than it is now. Time and again I’ve seen business make less than productive hiring and promotion decision out of necessity, not planning, and quickly regret it. The trick to being strategic about your leadership training is NOT to start with the training.

What? Yes, you heard me right. Before you begin training your leaders or managers, you need to decide what your end goal is. This is where your vision of the kind of company you want to be is so important. This will be foundational to the kind of training you provide, the types of people you select to be leaders, and the expectations you have of them. The truth is that no matter what the brochures tell you, there is no one size fits all. For you to truly get your money’s worth out of your leadership training you need to be very clear on the environment you’re cultivating.

Think culture’s not important? Think again! The leader who excels at Amazon is going to be very different from the one at Google. They’ll espouse different values, use different tools, and have vastly different management strategies. Selection strategy is very different, as is training. Your company is no different. It’s so easy to buy an off the shelf communication, conflict resolution or management skills training program, but is that really what you need?

If you’re like most growing companies who have not formalized your management or leadership structure yet, your needs are a mix of tactical and strategic. It’s likely that many of your managers need help with things on a range of topics that include interviewing, performance coaching, understanding P&Ls, communication, casting a vision, and creating employee development plans. It’s usually difficult to find an inclusive program that has all of these, and the off the shelf are typically a little too generic to really work for smaller businesses.

Fortunately, this is one of those areas I’ve written about previously, where an outsourced solution might be a perfect fit. In addition to my own business, I’ve networked with some exceptional leadership experts, executive coaches, cultural alignment specialists and others who offer customizable, flexible, and best of all cost effective programs for smaller businesses. It can be confusing or overwhelming but it definitely doesn’t have to be! With so many options, it’s simply a matter of finding someone with whom you resonate, and feel you can trust. After that, the magic happens!

If you’re interested in diving deeper into where your business might most benefit from some consultative strategic and tactical solutions, take our free business success factors assessment.

Carrie Maldonado is the founder of Today’s Leadership Solutions, a Seattle-based consulting firm providing comprehensive organizational development solutions for companies who are growing and who truly value their people.  With certified Executive Coaches, Organizational Behavior Management (OBM) practitioners, SPHR-certified HR professionals, and Organizational Development Specialists, Carrie’s team brings a unique perspective and a cross-functional approach to providing workplace solutions that work.  Carrie can be reached for consultation at carrie@todaysleadershipsolutions.com