All the truth about Business Coaching

Demand for Business Coaching has been soaring in the last few years. Hundreds of entrepreneurs and executives of large corporations contract business coaches with the objective to reach higher levels of business performance. This article provides details about the Business Coaching methodology, areas of application and guidelines to select the best coach.

Coaching, in general, is a growing industry, to the point that the projections predict a shortage of coaches in the future. In the particular case of Business Coaching, the demand for their services is growing even faster.
You may say: “there are a lot of very successful companies out there, why would they want a business coach?” The reality is that, in the same way that talented actors like DeNiro or Pacino have coaches, successful CEOs have coaches too. This is because, no matter how good you are and how well you do, you can always be and do better. How can that be accomplished? The Japanese use the "kaizen" which refers to continuous improvement. When you make an improvement in your company, you are creating the conditions for more improvements. It is about clarity, focus, prioritization and execution. Coaches are great at that.

In Business Coaching, there is a collaborative aspect that characterizes the “business coaching experience”, where coach and coachee combine the best of their experience, knowledge and skills to attain the client’s desired goals in a shorter period of time and, in general, with lower effort. Remember the expression “One plus One is Three”?

Why is Business Coaching so effective?
The coach is able to leverage the client’s business knowledge, resources and capabilities more effectively than the client would do on his or her own.
Far from the popular belief that the coach promotes accountability, I would like to propose that the coach’s main role is to help the customer focus on the right priorities, and then, to focus on the best ways to achieve the desired objectives. At difference of consulting, where, in general, when the consultant concludes the job, the knowledge goes away with the consultant; during the coaching process, the client learns and develops skills, capabilities and attitudes that stay with client for ever.
It is not just about consulting or training, business coaching is actually much more than that. During the coaching process, the business coach acts as confident, mentor, motivator and advisor.


Here are some examples of business cases where Coaching provides excellent results

Operational:
- Costs reduction, Quality improvement
- Profit, Margins, Sales, Revenue improvement

Human Resources:
- Performance improvement
- Hiring
- Loyalty, Retention
- Efficiency
- Team building
- Filling the Blanks in the Org. Chart

Strategy and associated Processes:
- Strategic Planning, Vision setting, Definition of Success
- From Data Centric to Process Centric
- International Expansion
- Growth, Tactical Execution
- Start ups, Setting “the right” Strategy, Planning Execution
- Innovation, Competitive Advantage
- Develop a Positive/Confident Attitude toward Success, Money, Riches,


How to select the Right Business Coach for you:

Here are a few suggestions to help you find and qualify the best coach for you:

1)Select a coach who has been certified by a reputable coaching organization like CoachU (Coach University), IFC or equivalent.
2)Business Experience is a MUST. Request to see the credentials.
3)Be careful with those coaches who say, “Here is the Power Point presentation that explains how to solve your problem”. Since each client is unique, and each case is unique, there are no “canned solutions” that apply specifically to your particular business project.
Note that many coaches may use assessment tools to help them pinpoint certain aspects of the client’s personality, this is a common practice and perfectly acceptable.
4)Obtain Coaching in your native language if possible
5)Avoid long term contracts. Some coaches may want to lock you in with minimum duration contracts (typically 12 months). A good coach will retain his/her clients without the need of long term deals. Expect though, a requirement of at least a 3-month commitment in order to ensure that the client will attain some “coaching” momentum.


Coaching can be done over the phone; in fact, more than 79% of coaching is done over the phone, or chat. Sessions last between 30 to 45 minutes, three to four times a month. Fees vary, expect between $150 and $500 per session depending on the coach’s capabilities and experience, some coaches my charge per results or “value”.

Visit http://www.boundlesscoaching.com/ to inquiry about business coaching. After hours (USA PST) coaching available.
Phone: 775-200-2864



"Have a good business!" - Hector

A millionaire mind in business

Nothing happens by chance. Good or bad, what occurs to us is the direct result of our most prominent thoughts. We think all the time, and, in many cases, we do it without even realizing that thousands of thoughts pass through our minds constantly.
Success in business is directly related to the mental images that you hold in your mind about yourself (your abilities, talents, capabilities, worthiness, etc), your business, your customers, your competitors and, of course, money.

How do you develop a “millionaire” mind?
Think about Rockefeller, Buffett, Gates, Dell, to name just a few. Nobody can deny that they all have (or had) a millionaire mind. There is something that they all have in common. It’s actually many things:

- They feel good about money. They love money. They think that money is good
- They are convinced they are worth the millions (actually billions) they have
- They expect money to come to their lives
- They do not expect (fear) misery
- They give money, to name a few ……

What’s your attitude towards money?
How can you change your thinking to get “in tune” with wealth?
What techniques can be used to get on the same “wave length” as success?
What to wish for and not to wish for in order to achieve success in business?

With the adequate mental training, an individual can achieve amazing capabilities to control his or her thoughts and obtain success in business and in their personal lives.
This is no black magic; this is about thinking at the frequency of success and letting things happen. Like for example:
- Meet the person who can become the right business partner for you.
- Come up with the next product idea.
- Close a deal with that critical customer that will keep your factory running at full for the next six months, and many other “coincidences” will start occurring in your life. People, situations and circumstances will be aligned for success, YOUR success.
Some Business Coaches provide, in addition to pure business coaching, mental attitude coaching. This coaching technique delivers a strong combination of business skills with a powerful mental attitude which results in a much more effective system than business coaching alone.

Visit http://www.boundlesscoaching.com/ for more details on business coaching and a business mind set.
Phone: 775-200-2864


"Have a good business!" - Hector