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Executive Coaching and It's Value

Written by: David Liddell

Article Overview: Executive Coaching can be the key to success and failure. It doesn’t matter if you’re in a product or service oriented business, executive coaching and its value is tremendous.

Executive Coaching and It's Value

Executive Coaching can be the key to success and failure. It doesn’t matter if you’re in a product or service oriented business, executive coaching and its value is tremendous; not only to you but to your business as well. Consider this. Those professionals who hire an executive coach are often able to become more successful at a faster rate than those that don’t. This is because they are more focused in their pursuits and are able to work closely with someone who can see the “entire picture” and help them craft a workable and achievable plan.
Consider these two scenarios. Mary was a business owner that saw the value in hiring an executive coach. She paid 5000 for 10 coaching services. As a result, she was able to work with someone one on one and developed a six figure income in under a year simply because she was willing to make an initial investment into herself and her business. On the other hand, Tom was a business owner that didn’t see the value in hiring an executive coach. Instead he spent his 5000 on courses, books, trying out different business models and other schemes. The result? He not only lost money but his business went belly under within one year. This was because he didn’t have a solid plan and didn’t know where to go.
Although it may seem like a big investment to begin with, a wise business person will see the bigger picture and the benefits that will happen in the long run. Without the proper experience and guidance that an executive coach can bring to the table, many businesses will jump headlong into a system or place without the proper structure and methods. This can be extremely dangerous for a new, fragile business or even a struggling older business. Executive coaching can provide you with the needed structure, technique and methods to help you with success. A coach can provide you with the full benefit of his or her experience and guide you toward the proper way to handle situations. This results in a more successful, well adjusted business.
In conclusion, executive coaching can be the difference between succeeding and failing in business. It doesn’t matter if you own a service or product oriented business. Either one of these types of businesses can greatly benefit from the knowledge and experience of an executive coach. Hiring an executive coach has intrinsic value and will serve to make the business greater.

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Article Tags: business executive, executive coaching, service oriented business, success and failure



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$1000 and a stupid idea - [quote="OmnivoreInk":8mkh1lv7]Bill and Heidi Dittmar: Executive Lifestyle founders of a magazine called Executive Lifestyle. Started in 1991. Revenue has grown more than 200% since 2004. 4 full time, 3 part time employees "We started off with $1,000 and a stupid idea." It began as This Month, a guide for tourists, and morphed into Executive Lifestyle.[/quote:8mkh1lv7] Hi Barbara, I find this story about Bill and Heidi Dittmar's success to be especially interesting! Would you happen to know what the catalyst or tipping point was for their change from a guide for tourists to an Executive Lifestyle magazine? Thanks
Re: Business Women Peer Mentoring Spotlight - Hi Everyone, Gosh, I REALLY appreciate your concrete feedback. This was far more than I expected and I'm glad you said what you thought straight out. Each of you have shared something of value and I want to take some more time to think and really go over what each of you have said. However, I can see there are some things I need to change right away. What an interesting point about a NEW program perhaps making people think they are guinea pigs! This is NOT what I want to convey! It's funny how we can see some things so clearly in others while not always seeing it for ourselves! I must admit there are a few things I've been meaning to change (like my bio which is very outdated). Obviously, these things need to be higher on my priority list. You caught me like the plumber who puts his clients first and doesn't get around to fixing his own tap! As far as my target market, I do feel quite strongly about working with Women Leaders and doing Leadership Coaching with them. It's non-negotiable in my books. In my Executive Coaching training, the terms "Leaders" and "Executives" are interchangable. To me, an Executive is a Leader and so is the Business Woman or Entrepreneur who is CEO of her own business. I love working with decision makers! What I did learn is that I need to avoid opening up the Leadership term beyond what I described above. I'm also wondering if there is a misunderstanding with the general public as to what Leadership Coaching really is. Leadership Coaching is all about developing your leadership skills, both as a people manager and in more effectively running and growing the business. There is ALWAYS room for growth in some way. As well, sometimes, we just need a sounding board to clarify what our next BEST step is. In fact, if a woman thinks she has nothing to work on, then we aren't a good Client/Coach fit anyway. How can she grow if she doesn't see the value of expressing ALL of the great ability within her? How can her company grow if she doesn't see the value of strategic planning for the next best level? Thanks again to you all! I will go back to my website and really question whether I am conveying the right message. I got more than I bargained for in this Spotlight... you generously offered way more than I was asking. I think we could be on to something great for the Forum. Now it's time to let someone else have the spotlight. It would be great if everyone took a turn! In gratitude, Tami
What are you doing to grow your business Ladies? - Hi Ladies, I thought it might be great for us women to share what we are doing lately to develop our business(es). I have now signed a lease on a new commercial space where my husband and I plan to open a Sport's Consignment and Cappuccino Bar. We're an active tourist destination and we also want to give back to our local community by offering discounted quality equipment. I'm doing lots of research and planning right now. For my Coaching Business, I have signed up for a new coaching mentorship program by one of USA's top Executive Coach trainers, Drayton Boylston. He's sure to challenge me, offer continued professional development and keep me on track as I grow my Coaching business. I'm quite excited about the opportunity since you have to be invited to even participate in this group. What are you doing lately or what are you planning in order to develop your business? I'm hoping we can all encourage each other to keep our businesses growing. Warm regards, Tami
5 Entrepreneur's success stories - My local paper's business section profiled 5 successful entrepreneurs in the Jan 6, 2008 issue of the paper. Thought I'd share just a bit of it here. Bill and Heidi Dittmar: Executive Lifestyle Jeff Wassmer: Spectrum Deloise Hawkins, Star Whitaker and Lenzy Hill: Touch of Elegance Stephen Brosius: Advanced Door Systems Pam Watson: Goodrich and Watson Insurers Bill and Heidi Dittmar: Executive Lifestyle founders of a magazine called Executive Lifestyle. Started in 1991. Revenue has grown more than 200% since 2004. 4 full time, 3 part time employees "We started off with $1,000 and a stupid idea." It began as This Month, a guide for tourists, and morphed into Executive Lifestyle. Jeff Wassmer: Spectrum Company specializes in computer network security and intelligence surveillance and reconnaissance. Wassmer was an 11-year Air Force guy, so he had "ins" in order to form this business. Deloise Hawkins, Star Whitaker and Lenzy Hill: Touch of Elegance Founded business in 1994. 12 employees. Their company designs and plans an average of 25 events each month in Hampton Roads and other parts of Virginia. Stephen Brosius: Advanced Door Systems Started company in 1995. 5 full-time employees, plus subcontractors. After having worked as a subcontractor for others in the construction business for 20 years, he decided to start his own business. Pam Watson: Goodrich and Watson Insurers At age 49, she was approached by an insurance colleague to buy out their employer's insurance division. They did so, and became employers themselves., witj 4 full-time people.
Re: History of Women in Business in the United States - Yes. Women have increasingly made positive economic contributions to society and their position is being recognized more and more as seen on the Forbes List of Executive Women. In general, women can be a bit more practical in their approach as entrepreneurs too.


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