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Financial Services Professionals Entrepreneurs and Business Owners 25 Things To Work On With A Coach
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25 Things To Work On With Your Coach. Please indicate the relative importance of each of these items as they relate to your goals and objectives in the coaching work we'll do together. This is one way to get started...and is designed to stretch, rather than limit, our discussions. Your Success in Business or Career.
1. Adding Value.
Adding value means that you continually give more
to your customers/put more into your
products/services, as a business practice and
philosophy. Because of competition, all business
must continually add value or they will lose
business or market share. Simultaneously adding
value and increasing profits is an art form worth
learning.
2. Balance. Adding balance to your life is
key to long term success both personally and
professionally. The only way to practice extreme
self care, develop strong and long-lasting
relationship, and be extraordinarily successful in
business is to put daily systems in place that
allow that to happen naturally.
3. Career/Profession. Coaches can help their
clients to choose, change, advance or prepare for a
new career or profession. Coaches generally
understand more about emerging professions and
self-employment than a traditionally trained career
counselor.
4. Conditioning. Most humans don't like
change or surprises; it frightens them. So, a
businessperson needs to learn how to condition
change (as in prepare employees, customers,
colleagues to accept change more readily and with
less resistance) to the point of embracing it and
even accelerating it themselves. An essential skill
in the 90s.
5. Effectiveness. Effectiveness means that
you're doing the right thing, well. Efficient means
that you are doing what you're doing with a minimum
of waste. The key here is that too much time is
being spent on being efficient than on being
effective. Being effective can even mean being
highly inefficient and unproductive! A coach will
show you the difference.
6. Excellence. Customers don't tolerate as
much as they used to, especially the most
profitable customers. Excellent is simply a
requirement today. It's not a good idea or even an
option any longer. Any business that is delivering
less than excellence is at risk.
7. Influence. Every human being is
influenced by many things, but mostly by other
people. Influence means more than just controlling
a person-influence is what we all do every day in
every conversation, meeting or action. Some
influence is better than others. Your coach can
teach you the secrets of influencing others for
mutual benefit (as in win-win vs manipulation).
8. Innovation. Being innovative -- original,
adaptive, imaginative and radical-is becoming an
increasingly valuable skill in business where
innovation is quickly becoming the currency of
business and replacing the typical front-end sales
department. Innovation sells the product more and
more these days, not salespeople. Without continual
and increasing innovation, one's business is more
likely to disappear. A coach can help get you on
this essential business track, which will also
unlock your natural creativity and will add value
to your customers each month.
9. Investment. A key concept in business is
the notion of investment-of time, money and other
resources into people, (including oneself)
opportunities, revenue streams, equipment,
marketing, research and more. The successful
executive or business owner must also be a superb
investor and learn the nuances of risk, reward,
leverage, potential, asset allocation, opportunity
cost and timing. A coach understands these concepts
and can help you become a better
intra-investor.
10. Leadership. Leadership is the art of
making what's possible a reality, with the
assistance of others. Leadership skills are no
mystery, yet very few individuals are leaders. But
they can become leaders, with the right coaching,
especially by working on the skills of taking
initiative, causation, vision, empowerment,
attraction, modeling and directing. A coach is the
perfect partner for this training because the coach
can zero in on exactly which specific skills need
to be developed first. All of these skills are
learnable. There is no such thing as a Natural Born
Leader.
11. Legacy. At some point in one's life,
they ask themselves that legacy they will be
leaving for others to benefit from. If you're at
the place in life where the notion of contributing
to others on a small or large scale is appealing,
your coach can walk you through a series of
discussions which will help you to identify the
legacy you wish to leave and how to orient your
life around that process, whether your are 25, 50
or 75 years old. It's never too late, or too early,
to have this conversation.
12. Leverage. The ability to get more out of
your time, day, staff, company, production
department, opportunities, investments and
resources directly affects a firm's profitability.
Yet, few companies seek to double their leverage-
power, which would include becoming more
productive, efficient, reducing opportunity costs,
becoming interdevelopmental, outsourcing,
joint-ventures, company culture enhancement and
expecting more from everyone. Many coaches are
experts in helping their clients to leverage their
strengths, opportunities, and assets.
13. Management. There are about a dozen
people- and project-management skills that the
coach can teach the entrepreneur, supervisor,
manager, employee or executive. These skills
include resource management, planning/scheduling,
personnel problems, problem-solving and more.
14. Mastery. Being the best at what you do
professionally is more than just desirable
today-it's even becoming essential for the
individual who wishes to develop a national
reputation, retain clients longer, attract the
finest clients, charge a premium fee and qualify to
be included in the highest professional circles.
Not to mention to be able to experience great joy
from the work you do. Mastering a skill set or
craft is highly rewarding and fulfilling and
something that the coach understands and can
support their clients in doing.
15. Negotiation. The ability to
confer/communicate well with others in order to
come to terms or reach an agreement advantageous to
both parties is a skill that everyone in business
is expected to be proficient in. This is especially
true in the age of the educated consumer and as
Win-Win (you plus the other party) and Win-Win-Win
(you, the other person plus the benefit to the
community) emerge as the standards of effective
negotiation.
16. Network. In a world that's increasingly
wired and in which people and companies are better
connected, the skill of networking has become
especially beneficial. Coaches work with clients to
extend the client's "dance card" and professional
network/community, using the Team 100 Program.
There are a dozen networking skills to learn.
17. Productivity. The straight definition of
productivity is: The rate at which goods or
services are produced especially output per unit of
labor." In other words, how quickly and cheaply the
job gets done. Sounds simple, but the trick is that
one's productivity is expected to continuously
increase, given competitive pressures. Most of us
run out of productivity tricks after a while.
Having a coach to point out the not so obvious (and
even the obvious) can quickly increase one's
productivity with minimum effort.
18. Professionalism. High standards, strong
character, graciousness and integrity are just
several of the components of professionalism, which
is quickly becoming a lost art in business. The
coach can help you stand out and shine in a crowd
because of the way you conduct your business
affairs, treat customers and approach life.
19. Profit. Profit is the driving force,
measure of success and reward in business, and
while every business focuses on profit to one
degree of another, the coach helps their clients to
complete reorient or, if necessary, reengineer the
company around profitability, both short-term and
long-term. The coach understands that profitability
is more than just numbers on a page or cash in the
bank. Profitability is also a culture, a way of
doing business, an objective that can be measured
daily with the right reporting systems. And, most
importantly, sustainable, high-quality profits
result from proper investment in people, equipment,
research and process.
20. Results. Some people are
process-oriented (action, experimentation,
discovery, feeling-oriented); others are
results-oriented (measurables, deadlines,
black/white, focused-oriented). First, it's
important to discover which type of person you are
and second, to learn the other approach so that
you're cross-platform. Managers and business owners
who are too results-oriented often miss out on the
real opportunities because they are too busy
producing-at-any-cost. Those who are too
process-oriented ignore the reality that profits
come from results, not just from process. A coach
can strengthen your weak side.
21. Savings. Whatever your business or
personal savings rate is, the job of the coach is
to assist you to increase it, preferably
substantially and quickly.
22. Systems. A system is what is constructed
in order to offer consistent service or production
without the originators of the idea or process
having to be there. McDonalds has a system so that
late founder Ray Croc didn't have to be at every
franchisee watching how the burgers were being
flipped. The system replaced that part of Ray's job
and let others manage it. The key to profitability,
consistency and a positive reputation in most
companies and practices is to systematize the work
being done and the company's administration and
operations, both to keep the customers happy but
also to free up the owners to be working on the
next idea for the company. Without adequate
systems, even the finest idea or company will
eventually implode and chaos will reign.
23. Team. Are you a team player? Can you
manage a team? Can you coach a team? Are you well
connected with strong players within your
corporation or work environment? Do you know how to
create a team to get a project done? These
team-building and management skills are learnable
quickly via your coach.
24. Timing. Timing? Yes, a coach works with
a client on the timing of when to push and when to
rest, when to expand the company and when to
contract it, when to trust intuition and when to
trust the numbers, when to run a test and when to
just go for it. Timing, according to the
dictionary, is the art or operation of regulating
occurrence, pace, or coordination to achieve the
most desirable effects. In other words, the world
has its own timing, its own ebb and flow; so does
business, so do we as humans. The coach helps their
clients get in touch with these various internal
clocks, leading to smarter decisions, more choices
and the ability to enter the all-to-brief windows
of opportunity.
25. Vision. It's a good idea to be clear on
your company's mission and purpose, but what
matters most is for the executive, entrepreneur or
professional to be clear on their own vision. If
mission is "what the company strives toward" and if
purpose is "why the company is in existence," then
vision is "what the company sees as possible-for
customers, potential customers, the community, the
world." Very few companies have developed their
vision, but he ones who have, do quite well,
Microsoft being an example. Their vision? It goes
something like this: "A computer in every office
and in every home, all running Microsoft software."
A vision doesn't get any clearer than that. A coach
helps to create an equally compelling, orienting
and motivating vision for their clients, big or
small. |
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Ginger Cockerham, Master Certified Coach
214-342-1148 |
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