A business needs competent management to steer the ship on the right course. It is commonly assumed that people who land management roles have the skills and the talent for the position. Yet around 20% of new management hires are not successful during their first year. The reasons vary: The successful candidate’s management style may not fit the existing organisation; they may not be aware of company politics and could bring baggage from previous employment; or they might put their trust in the wrong ally at work. This is why working with a coach can help management mitigate risks, avoid pitfalls and succeed. As coaches, we are trained to be focused on the needs of the individual. That distinction is the key difference between management and business coaching. Business coaching looks at all aspects of a business while management coaching focuses solely on how to improve an individual’s performance and thereby improve the business. Recent studies have shown that management coaching can improve an organisations financial performance and employee engagement. As a result, more businesses are hiring coaches. In addition to improving management performance we offer staff profiling which will educate management on what motivates their employees and in turn how to get the best out of them. Knowing what motivates your staff is invaluable information that will help management pick the right person for the right job, achieve objectives and create teams that work well together.
Q. "What is one benefit to business coaching that's well worth the price tag?
Corey Blake, Round Table Companies
Building confidence. Confidence in business is invaluable. Being supported by a great coach and giving yourself the space to work out challenges enhances your confidence when going into major situations, dealing with crises, or handling conflict. A professional bounce board keeps you sharp and playing your best game. As a founder your time is incredibly valuable. A coach can help you make the best of it.
Randy Rayess, VenturePact
Asking the right questions. A business coach asks great questions that challenge you to think critically about your business. When you have a coach from a different industry, they bring a new perspective and ask higher level questions. This is especially helpful after you have been working on your startup for a couple of years and get caught up in the daily grind.
Joel Holland, Video Blocks
Employee retention often more important than money, employees want to feel progress towards a goal and growth within an organisation. By making business coaching available to all of our employees, we sent the message that we want to empower them to grow their leadership skills, and that there is no ceiling within the organisation. Employee retention has made the coaching well worth the price tag.
“Ordinary training typically increased productivity by 22%, while training combined with coaching increased productivity by 88%.” -International Personnel Management Association
