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The Differences between Coaching, Mentoring, Consulting and Training

In life, we all can do with a helping hand, or a shoulder to lean on. or a light to shine on our path ahead.  Fortunately a large number of people are available to help us, and they fulfill different roles. One can sign up for Coaching, Consulting, Mentoring or Counselling. But the key is to know what will be most suitable. And in order to be able to choose from one of these it is important to know the differences  While each Coach, Mentor and Counsellor is different, the framework for each approach is established.  Rules within each framework offer insight into what is available for someone looking for a helping professional. Knowing which might serve you in your personal pursuit toward success is helpful. With the above context, it is important to not go ahead and hire a coach when the need is to work with a Counsellor or a Consultant.  So before an individual toys with the idea of working with a Coach, it is important for him or her to un...
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What is 'Coachability'?

Working with a Coach can transform the way you live life - any aspect of it, be it your career, relationships, health and so on.  If you want take immediate action that can help you bring about ling lasting change in your life, you MUST hire a Coach. A Coach will be your partner who will help you bring about that change. You coach will work with you to identify where you are in terms of any particular aspect of your life (current status), where you want to go (goals), and how to you accomplish those goals (the specific action steps you need to identify and follow) Will coaching work for YOU? The answer is if it has worked for millions of people across the globe, changes are you WILL benefit from coaching. However, one critical aspect needs to be examined first, which is critical to the success of coaching. And this is 'COACHABILITY" Coachability - simply put is whether you are 'coachable' or not or simpler still - can you be coached or not. Isn't everyone Coachable...

Coaching Can help Your Business in The Current Scenario

If you are the owner of a Micro, Small or Medium sized business, chances are that you have been significantly impacted in the current Lockdown situation.  The big question is what's next for your business?  Obviously as an owner you cannot sit back and wait for things to happen. The need of the hour is to sit up, take charge of the situation, and act. The first priority for you is to draw up a business continuity blueprint for your business. You need to do this NOW, notwithstanding the fact that  that demand could take anywhere from a quarter or more to revive, d epending on the sector.   Nearly all companies are in the middle of what they describe as “scenario planning". Some of the key aspects of business operations that require planning and execution now, even if the business starts moving (demand for your product) a little later, could be Supply Chain  Strategizing around securing the supply of key raw materials. Manufacturing Keeping in ...

Why should Business Owners hire a Business Coach?

As a business owner you might wonder – what is the benefit of having a business coach? Running a business involves a lot of hard work. Also, you might think you are headed in the right direction with your business, and you have all the answers. But as you go along, you realize that there are challenges that you can’t resolve. No matter what stage your business is at, a business coach can help. Here are some ways in which business coaching can help an entrepreneur or a start up owner. Business Advice Base on his own expertise and years of experience (that business coaches usually bring to the table), a coach can provide you valuable advice, and ‘tricks and tools’ to handle various challenging aspects of the business. External Perspective A business owner can may think he has a great business idea and the right strategy to back it. But it is always beneficial to have someone as a sounding board – someone who can provide feedback on your strategy and plans, or offer alterna...

Why is Business Coaching Important?

A recent report by Keap and Emergent Research found that about 94% (almost all ) of small business owners surveyed identify specific financial goals for their business and yet only 65% are confident they will achieve them. This leaves 29% of small business owners, (one in four) who have set specific financial goals for their business, bit are not confident that they will achieve those goals.   This is where coaches come in. Entrepreneurs and small business owners look towards a business coach to help solve specific tasks and objectives. But the moment they consider the coach’s fee, their reaction generally, is to save that cost, and solve the problem on their own . But don’t worry about how you can’t afford to hire a business coach because the truth is, you can’t afford  not  to hire a business coach.  Specific ways in which a Business Coach can help your business Entrepreneurs usually start a business with a great business idea. As a new busines...

What is a Business Vision? And why is it important ?

"Good business leaders  create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion."  - Jack Welch Many business owners, particularly inexperienced start-ups, run their business without a vision in mind. They focus on short term profit and forget about the long term goal – which should be - to build a business that prospers! Is there any wonder why 90% of start-ups fail? Many business owners have been profitable from the beginning of their business launch. They’ve been fortunate. But some of them need to be careful. It might not last. There will be highs and lows and it’s important to take the good with the bad. They should by all means celebrate their first success. At the same time, they shouldn’t get carried away by the first win. They should develop a vision (which isn’t based upon a  monetary  value) and work towards it – this is the key to long term growth and success. So you’re a business ...

Business Coaching is booming

Introduction Business coaching is a process that on helps people –business owners, executives and  entrepreneurs – substantially grow their businesses. Today, many entrepreneurs are unable to come close to realizing their full potential. Business coaching can help entrepreneurs break through barriers that are holding them back and focus on the actions necessary to achieve their goals. In addition, many business owners now have tremendous interest in investing in coaching for their leadership teams to improve the performance of everyone at their companies resulting in greater synergistic success. John Bowen, co-founder of BSW Inner Circle and co-author of Reaching for the Stars: How to Fast-Track Your Business Success by Leveraging Mastermind and CEO Groups, has this to say : “Based on our survey of 759 entrepreneurs, almost one out of six of them are turning to business coaches to become more professionally capable. For some entrepreneurs and accomplished individuals, busin...

ALL ABOUT EXECUTIVE COACHING

EXECUTIVE COACHING Executive Coaching is a great opportunity for development of senior executives and ‘high potential’ employees in any company. Companies (often the human resources department) recommend a coach to an executive as a part of an executive development program . The pupil – called a ‘coachee’ - in coaching parlance - usually a senior level executive or an employee who has demonstrated high potential, could be newly promoted, be facing a number of challenges or getting groomed for larger roles. What IS Executive Coaching? An executive coach is a qualified professional that works with executives to help them gain self- awareness, clarify goals, achieve their developmental objectives unlock their potential or act as a sounding board. Coaches are not consultants or therapists. They usually refrain from giving advice or solving their client’s problems. Instead, they ask questions, and engage in deep listening, to help executives clarify and solve their own probl...