Business coaching for entrepreneurs and business managers
What is business coaching?
Business coaching is facilitative one-to-one coaching with business managers and owners. The coaching focuses on the success of the business and is likely to include a mixture of short and long term objectives.
It is lonely at the top. Especially for an owner-manager. Running a business can be lonely. Issues such as your own growth and development, working relationships with your management team or specific business challenges can be highly confidential. But these matters are also important enough to merit that rare opportunity to discuss them, think out loud and receive construction feedback. As an objective outsider a coach is free to question the manager on major issues, obtain valid data and address specific issues.
What do business coaches cover?
Owners might employ business coaches at any stage of the business growth curve, including:
- Start-up and business planning
- Learning to delegate
- Building a team structure
- Resolving changing relationships
- Introducing management and financial processes
- Developing a marketing plan
- Major expansion, new project
- Business turnaround
- Sale or purchase
What is corporate coaching?
Corporate coaching involves coaching towards organizational goals. Just as a football team, a corporate coach coaches an organization, focusing on the corporate team and corporate vision, mission, values and strategy.
Results are measured against the performance requirements of the organization. Corporate coaches combine basic coaching skills with an in-depth understanding of the language, dynamics, process and culture of organizations – whether these be large companies, SMEs or public sector.
What are the benefits?
Organizations that involve corporate coaching into their culture see sustainable improvements in key areas, including internal and external communications, productivity, employee attitudes, and recruitment and retention of staff.
Executive coaching for teams and individuals in organizations
Executive coaching is facilitative one-to-one coaching with the key executives in an organization. It is for the benefit of the individual client with the focus on organizational or development, although there may also be a personal component as well. Results are measured against the performance requirements of the organization for the individual being coached.
What does executive coaching cover?
Executive coaching covers the complex combination of skills and human capacities that are required of today’s executives such as:- Business acumen and financial management
- Leadership and organizational skills
- Social and communication skills
- Analytical and innovative thinking capacities
- Ability to inspire trust and commitment to action
- Rewards and acknowledgement
- “Presence” that allows them to work in a very large arena or overlapping arenas.
