WHAT IS COACHING?
The word “coach” has many meanings, so it’s important that we clarify our definition. First, here is what coaching is not. Coaching is not “advising” or “mentoring.” Advisors and Mentors are professionals who have gone through a similar experience and they support you with advice. Advisors and Mentors are an essential part of any business’s support network. However, being CEO is different than doing CEO and it’s this subtle but significant understanding where coaching diverges from mentoring and advising.
Coaching is about helping you unlock the best way for you to lead and build your company. While there are plenty of blog posts and books about how to run a startup, there is no blog post or book about the best ways for you to run your startup.
It’s for this reason that coaches can help make a substantial impact by actually working with you on enhancing your personal leadership style and within the subtle but essential nuances of your organization so that you can achieve your goals and build the best company
Coaching takes the set of mental models you are using to make decisions and unpacks them. It makes the unconscious conscious so that you can decide what outcomes you would like. It then helps you fine-tune your mental models so they produce those results. Coaching is about getting better outcomes with less effort. It makes new actions available by changing you, the observer.
THE IMPACT OF COACHING
The main ROI of coaching is to have people not be confused, scared and generally freaked out. A clear mind means that tasks and collaboration can happen more easily. That translates into a huge boost in productivity and general well being for each individual and the organization. If there is lack of clarity around vision, roles, responsibilities, or people are under large amounts of stress, your company is losing huge amounts of productivity.
What’s the Measurable Impact of Coaching within an Organization?
If you are a company of…
people then every DAY of work is the equivalent of one WEEK of productivity
people then every DAY of work is the equivalent of one MONTH of productivity
people then every DAY of work is the equivalent of one YEAR of productivity