Thursday, June 26, 2008

The Balancing Act!

Today, executives of many companies struggle to keep up with the multitude of issues from opening an office overseas to being stumped on strategy. They are supposed to have all the answers. So where do you turn when you don’t know? You look for a coach that specializes in business and entrepreneurs, not a general life coach.

If you are ready to delve deep and confront your inner self then one-on-one coaching might be right for you. This type of training is most effective for businesses that are well established and ready to grow. There must be an identifiable challenge and a willingness to change.

One-on-one coaching allows an individual to discover self-awareness, values and beliefs, and behaviors. This enables you to understand what is blocking your progress so that the situation can change. When the coach is a seasoned executive, they bring a considerable amount of experience to the session. This offer new ideas and different ways of thinking about the subject. In essence this can be a brainstorm session with an expert.

The business coach should have an ethics statement and a confidentiality agreement. Fees can run $200 to $500 an hour, or $1200 to $5000 a month for multiple sessions. The majority of coaches work mainly over the phone so this allows you to expand to a larger geographical area. The key to a successful relationship is your ability to be clear on your expectations. A good coach will never tell you what do to but will ask what you have done since the last session. The relationship with your coach should assist you in growing your business to the next level.

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