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minimize mistakes with the help of business coaching
July 31, 2017
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Minimize Mistakes With The Help of Business Coaching

Minimize Mistakes With The Help of Business Coaching

Do you make mistakes? I bet, you do. I do make mistakes and we all do. Added to that, when you are making decisions for your business, which are always full of doubts, then you are prone to make more mistakes.

Thankfully, we are blessed. That’s why we make mistakes. And, mistakes guide us to stay on the right path to accumulate more knowledge, more experience. We can’t live without making mistakes but we are always focused to minimize the same.

But, we aren’t hardwired to make mistakes only. We are also here to minimise them and to learn from them. At times, your best efforts just fall short of being ‘just enough’. In situation like this, a business coaching is all that we need to turn it around.

The expected growth of your business demands your right decisions and at the right time. So, what’s the best way to achieve that in a long run? We do believe that, a business coach is the best solution to address this elemental problem. This article is solely focused on defining the role a business coach for minimizing the mistakes we make as a business leader or an executive.

Let’s dig a bit deeper.

Now, when we are talking about minimizing mistakes, we need to know about the common mistakes we make as a business leader.

Financial planning

It’s really hard for any business executive to make a financial plan when his mind is occupied with other hurdles regarding a business like operations, strategy, growth and else. Moreover, small and medium scale businesses who live on a tight budget, need to design their financials prior to everything. A business coach is the best option for designing an experienced financial plan for your business.

Why?

A business coach is a veteran business campaigner. He already has faced both high times and low times. He has the outsmarted both ‘aha moments’ and woes. That’s why he is the best person out there to coach you, guide you.

Risk mapping or priority setting

Another important factor of a growing business is risk mapping or risk priority setting. Most of us do fail to judge it properly. It takes the last drop of your hard earned knowledge and experience for prioritising the risks regarding your future strategies.

So, which risk you should take care now and which can be dealt later is the sureshot key to success. Moreover, this strategic planning greatly depends on your personality. So, personality development is required for achieving the ability to make such kind of bold decisions.

Now, what’s the best guide you can have for the development your personality? I bet, it’s a business coach. A business coach is the sharp eyes and ears you need to have to foresee the ever evolving parameters of this existing business world.

Confidence building

It’s a no brainer that, confidence is the linchpin for other personal qualities that you need to have to be the right thinker for your business. It’s more than invaluable. It is told that a business leader may decide wrong but he never gets doubtful. Now, that’s the mental edge you need to shape the future with your product.

A coach guides you and ignites your inner self to push your mental boundaries and reach new heights everyday. A coach shows you the path to face new challenges which enhance your confidence. Gradually, you harness enough mental strength to fight with crises, internal conflicts and bend major situations.

Moreover, what’s that most valuable thing a business leader owns. It’s the time. You need to utilise it in the best way. Here, a coach is always a better solution than self-help.

I admit, there are other important factors like development of interpersonal skills to head a team of different mentalities, asking the right questions to your customers and employees for driving a better understanding and dealing with different leadership characteristics. Technically, this list never ends as a business leader never stop learning new skills for personal and organizational development.

In the last decade we have seen a steep increase in the demand of business coach and business coaching organisations, globally. I bet, it’s justified and business coaching is the most scientific way to polish existing business executives and produce sterling business leaders in the future.

What’s your take on this? Do share your views with us.

business coach
July 24, 2017
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Difference Between a Business Coach and Business Consultant

Difference Between a Business Coach and Business Consultant

business coach

BUSINESS COACH AND BUSINESS CONSULTANT

For any business, at any growth stage, these both roles are needed. And, when I’m saying that they both are needed, it means there are certain differences between these roles. Yes. A business coach and a business consultant are two different persons having different skill sets. That’s why along with business consultancy services, organisations offering business coaching service are experiencing high market demands.

The road to building or scaling up a successful business model has always been like glancing through a phlegethon. Undeniably, it’s a necessary evil. We all want to achieve that. But, we don’t understand it properly. Having said that, most of the small and medium scale businesses are combat ready to survive this popcorn motion of business trends.

Even the grimmest jawed business executive will not deny that achieving a proper understanding is harder than the toughest commitments. And, it will always be. Similarly, understanding what exactly your business needs are the biggest riddle to you.

So, what do you need? A business coaching service or a business consultancy service? Or both?

Yes. It’s a fence buster.

A BUSINESS COACH IS FOR UNLOCKING YOUR PROBLEM SOLVING ABILITIES.

For your business coach, you are the primary focus. Your business is secondary to him. Coaching is all about unlocking one’s hidden potential for personal or organisational upliftment. If your business is concerned, a coach isn’t someone who will employ his skills directly to solve your challenges ahead. A business coach is someone who will educate you to fight those challenges.

Simply saying, a coach is not going to find you a track, but when you are about to chose the wrong one, you will get the alert messages from your coach and the required hints to go for the right one.

A coach works for the person or individually for everyone in a team, but not for the system. What they do, is to extract the best potentials out of their clients, so that they can chose their own way themselves. They develop you, and you develop your business.

Now, in most of the cases, it is difficult to find out what the right purpose of a business. Sometimes, there come options which are enough to confuse the proper destiny and the focal point of a business deal. This is the right condition for a coach to help you understand how to select your best chances. It’s the turning point. Because, sometimes, mostly in the cases of small businesses, people can’t make it to the success point, only because of their lack of understanding of their goals. As fast as you can decide the bird’s eye, you will reach the high peak at the similar rate.

Your coach is your motivator, supporter, advisor, and also, sometimes they can be the mentor who build the proper mind setup for your business. When you are afraid of making the next move, seek help to your coach, and they and only they will be there to help you in a right way.

Lastly, to define the work process of a business coach, we can summarise the focal points of them on you over your purpose, accountability, clarity, limiting beliefs, vision, self-sabotage, fear, time management, structural setting, brainstorming, action planning, implementation, following-up, and lastly the all over support.

Related Post : How Do u Know that Coaching has Worked?

A Business Consultant Analyzes Your Options To Pick You The Right One.

Your business consultant is not concerned about you but the choices you make and the entire system you run. And, what you glean from them, is their expertise, experience and analytical power to clarify the list of your do’s and don’ts on making the perfect action plan.

They will teach you the things you need most, but don’t know yet, skills you have to gain. They don’t teach you how to make a plan, but what to keep as a plan.

They are focused on creating a plan for you and setting the broad strategy to match up with the present condition perfectly.

Sales and market planning, web designing, growth strategizing, budget management are the priority points they are concerned of. They will analyze the history and reports to take a decision for building a better system on the basis of the current condition and the future destination.

Business consultants also pinpoint the issues of customer demands and acquisitions for creating a better plan for customer retention, pricing setup, services and packaging issues and other similar direct factors to transform the entire system into a new and better one.

Now to cover every area on which a business consultant works on, we can enlist business strategy and traditional and digital market planning, directing the business goal, budget management, staff and customer dealing, service and product pricing and offering, strategizing lead generation, closing methodology for the sales funnel, project planning and other contemporary decisions to build a better system.

In the end, I hope you already know what to do now for achieving at the top of your unbridled success for not just to survive but thrive. And you don’t have a choice to pick out from a business coach and a consultant but to have both of them. Your coach will develop you and the consultant will develop your business. You need all of the support you can glean from both of them. So, what do you think? Do you want to compromise with anyone of these two things, or not?

executive coaching vs mentoring
July 18, 2017
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Executive Coaching VS Mentoring

Executive Coaching VS Mentoring

What is an executive made off? A soul with a foresight? A continuously learning human machine? A benchmark of emotional intelligence? The spearhead of personal and organisational developments? A strategic thinker? An informed decision maker?

Technically, an executive is all of them in a single entity.

I bet, there are many more attributes which integrate with each other to mother a true executive. But, without the proper coaching or mentoring it’s hard to conglomerate all of these virtues within a single mind. Undeniably, only a guided past can breed a successful future. That’s why tailor made programs like leadership development, CEO coaching and executive coaching are experiencing a meteoric rise in their global demands.

Now, you are an executive, and you need this kind of developmental guidance. So, what it’s going to be? A coach or a mentor?

So, you are in dire straits. The undefined and misunderstood needs of yours are still oscillating your fickle mind between ‘a coach’ and ‘a mentor’. Right? Admittedly, “executive coaching vs. mentoring” is one of the highest searched topics on Google. So, the riddle is valid, and it’s widely spread issue.

So, how to combat this expensive battle?

Let’s dig a bit deeper.

Are coaching and mentoring interchangeable when your personal or organisational development is getting blunt? No. They are not the same but they are not completely different either. They do fall somewhere in between. Supportingly, Chrrysallis, one of the coveted organizations in the executive coaching and development niche, says that the demarcation line between a coach and mentor is not thin and there are elemental differences between them.

What’s that?

A mentor is a long term friend.

Starting with the mentors, the relationship between a mentor and his mentee is a long term one. A mentor directs his mentee. A mentor teaches his mentee. A mentor advises his mentee. Now, these are long term parameters and these needs to get cultivated for obtaining a sustainable growth both in the organizational and personal development context.

Mentoring is like a continuous exchange of knowledge between to different experience levels. Mentoring is like wrapping up the loose ends of a less experienced colleague and enhancing his capabilities gradually. It’s a continuous monitoring system that watches you and helps you when you need it.

Nowadays, most of the organizations in the project management or leadership development leverage mentoring to aid their officials when they take over a new or a more complex role for their companies. They need this long-term support in order to fight new challenges over a considerable amount of time. Now, a mentor can be a friend, a senior colleague or other informal relationships.

So, who is a coach?

A Coach Is An Assistance For A Specific Time Period.

The objective of coaching is to assist and encourage an executive to achieve a specific set of goals within a specific ( generally short) timeframe. It’s like building a partnership for a short amount of time to shape attitudes, corporate personalities, abilities for doing predictive analysis and similar parameters.

Technically, in coaching, the relationships are more formal and strictly bounded by a set of schedules. Here, meetings are organised, regular and pre-scheduled. Although coaching is not meant to provide a long term and direct solutions still, one can leverage the same to develop his leadership qualities, overall awareness regarding a specific challenge.

So, we can see that there are visible differences between the objective of coaching and mentoring. I admit that there are some similarities in the processing of both, but that doesn’t mean that they are interchangeable when personal and organisational goals are to be growth hacked.

coaching
June 13, 2017
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How Do u Know that Coaching has Worked?

How Do u Know that Coaching has Worked?

Coaching is comprehensive and hands-on learning that enables the learner to enhance the skill that he/she has already acquired in his/her lifetime. It is a process that aims at working on the giving professionals in the field tips and advice to take the industry on by the horns minus any hindrances. There are a lot of reasons as to why a novice in the field should opt for coaching, however, the best reason by far remains that coaching is done by experts in the field, who have decades of experience on their hand; they impart all they have learned over the years to young Turks in the due process of coaching.

For people apprehensive about the success and scope of coaching, positive testimonials by some eminent people in diverse fields should be enough. A lot of people who have taken up coaching have climbed the ladders of success in a very short time span; proof sufficient enough to establish the trust of people in coaching.

Coaching Is Practically Applicable

Sure, coaching as a measure is an investment of a kind that pays off immensely once the person, who has taken coaching, realizes how to utilize the skills he/she has learned and applies them practically in demanding situations that indeed are testing times.

What happens a lot of times is that a person learns the theoretical skills and tips given to him/her in office manuals and handbooks, but fails to apply them in practical situations. Executive coaching and even Leadership coaching aim at instilling skills in the person so as to make him capable enough to tackle real-life situations.

After having an extensive session of executive coaching, a person becomes capable enough to assess the field situations he/she is working in, knows how to work in different business environments, get work done, take the whole team as you move and even gets advice by people who’ve faced similar problems.

HOW TO ASSESS THE SUCCESS OF COACHING

Assessing the part where the person comes to know that the coaching has worked is simple. Some or all of below-mentioned techniques may be used for the same.

1. MOCK INTERVIEWS

To actually assess the part where you feel the business coaching you have taken up has really worked is very easy. There are mock interviews and mock discussions by trainers and coaches themselves. These help the assessor know how much you’ve gained from the coaching programme and what positive change has been bought with the coaching.

2. Surveys By Hr

Also, the Human Resource department of the firm the person is working with plays an essential role in assessing the success of coaching. Surveys are given to HRs at firms which help assess what boxes check out when it comes to getting positive feedback and affirmative responses.

3. Psychological Work-Up

After coaching, the psychological bent of mind of the person changes. Getting a psychological workup of the person before and after the caching can say a lot about the success of the coaching programme.

4. Assessing Team Play

Since teamwork is all that it takes, an evaluation of how the teamwork has been affected can be a tool of assessing how the coaching has fared.

what are some common misconceptions about coaching
June 5, 2017
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What Are Some Common Misconceptions About Coaching?

What Are Some Common Misconceptions About Coaching?

There might be instances in our life as a professional wherein you might feel, “If I had known this, a silly mistake could have been avoided.”

To put it simply, coaching is something that comes in this very instance.

Coaching refers to a case in point when someone helps you learn and improve your performance. The learning process here is pretty indirect; as in the facilitator makes the person learn than teach him.

Busting Myth On Misconceptions About Coaching

While there may be myths in almost every arena of professional field, it is almost self-explanatory to bust the myths around coaching; how people perceive coaching as and how people are willing to improve their performance on on-too-many fronts.

Some misconceptions are:

1. Coaching Is Very Expensive

It rather is not. Coaching, when sought from the right organisation aims at benefitting you as the end user, with very nominal charges. Also, considering the improvements you show and gain profit, a nominal expense for gaining that skill is almost nails.

2. I Don’t Require Coaching

This is probably the first sign that you do need coaching. Learning is a facet of life and does not stop anytime. To learn is to grow. Coaching will not only help you gain meaningful skills but also develop habits that you never knew would be of immense importance. An executive coach is trained to make your learn important values so as to improve your experience working as one.

3. Coaching Is A Time Consuming Process

Many people tout to the process of coaching as a time consuming one, something which takes up a major chunk of time and is useless.

Well, not really!

Honestly, coaching is an investment you make for yourself. The future gains will be immense, considering the qualities you are going to learn are going to be phenomenally usable and applicable.

4. I Have Been Assigned A Mentor- Isn’t This The Same Thing?

No its not. Mentoring and coaching are two entirely different concepts. Mentoring is workplace & project specific and is usually spearheaded by a long-term employee. Coaching is a broader concept and makes you question your choices overall and deals with a generic note. For instance, business coaching deals with the whole industry and is not just limited to one aspect of it.

5. I’m In Good Place- Coaching Is For Average Performers

Lets suppose you are looking forward to lose weight. You are almost close to your goal but the damn last kilo doesn’t go away. What do you do? Consult a fitness expert.

Similarly, sure, you are going great at a nice speed; but at some point, stagnancy will hit your career and it would be difficult to get out of it.

So, as a preventive measure to avoid downfall, proper executive coaching or business coaching could let you have that out-of-the-box edge to get ahead of everyone- yes, even the top performers.

entrepreneur coaching
March 20, 2017
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Why hire an entrepreneur coach and its benefits to business owners?

Why hire an entrepreneur coach and its benefits to business owners?

Entrepreneur Coaching For Business Success

If you are really keen to know the significance of entrepreneur coaching, this post might be helpful to you. You are reading this article means you have already made that big leap to become an entrepreneur. So, congratulations! No doubt that you are now filled with new aspirations, goals, and dreams. Right? Well, it is obvious! But, how long do you think you can survive the highly competitive market. Or put in another way, how far do you think you can go without requiring anyone’s assistance? Entrepreneurship is not a cake walk for sure. In order to survive and flourish, you need to strive and work on strategies.

After reaching a certain stage, you tend to become stagnant. It is then you require some guidance and genuine advice. It becomes necessary to have an entrepreneur coach who can provide you 100% dedicated attention. An entrepreneur coach is one of those who can assist you to rise from where you are to a place you where you aspire to be. The coach is able to do so by especially concentrating and focusing on your business goals. Moreover, it is human tendency to always get a push to work out of one’s comfort zone.

Here are a few reasons that validate it is better that you enroll yourself for entrepreneur coaching program:

To Brainstorm New Ideas

It usually happens that under work pressure, the brain stops working. Right decision making is the key to the success of a business. And, under work pressure, brainstorming becomes difficult. Consequently, decision-making is not easy. Therefore, a coach can support in such situations and assist you in handling work pressure.

To Give Birth To Innovative Ideas

A good entrepreneur coach can help you with budding new ideas that can benefit your business. A coach can ask powerful questions to you and help you come up with creative ways that will help you flourish.

To Avail Support

No matter how efficient a human being is, it is quite obvious that everyone needs support at some or the other stage. A business coach can give you challenges and offer you the right facilitation to grow. A coach has usually walked the path that you are walking on, hence acts as a role model for tough situations and you can easily benefit from their experiences.

Someone To Whom You Can Be Accountable

It is very common that people usually dream of big goals and before even reaching halfway, they give up. Promises made to oneself are easy to break. But, when you are accountable to someone, giving up is considerably difficult. A coach is a person who can serve as a teacher or support who helps you to experiment and strategize to achieve your goals.

Attaining efficiency in the way of work is vital to business success. And, the importance of entrepreneurship efficiency is necessary to succeed in the journey. A professional entrepreneur coaching service can guide you in the process of planning, decision-making and manage time right from the beginning. In order to achieve maximum efficiency in decision making, it is significant to have an entrepreneur coach working with you.

If you want to hire entrepreneur coach for business success then drop your mail on info@shahvandana.com

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