is a quick tip ezine for Managers who believe in
"Results Derived from Within"
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IMAGINE THAT YOU HAVE A
PROFESSIONAL BUSINESS COACH?
The Wall Street Journal recently had an article
that stated that the top Fortune 500 companies have had
business coaches for the last 20 years. My vision is that in
the next 20 years mid to senior level managers will have
business coaches as a “regular” benefit or even as a
part of an individual’s development plan. I was prompted
to write this newsletter on coaching after reading this
article and because of the following two events. First, one of my Clients recently stated to me, “Vickie,
until I met you, I had no idea that there was such a thing
as a business coach. After
working with you for the last five months, I can honestly
say that it is the most fabulous experience that I have had
in my business life for a very long time.” Secondly, The
International Coaching Federation (ICF) just released the
results of an ICF Global Coaching
Study conducted by PricewaterhouseCoopers LLP. More than 6,000 coaches in 74 countries
participated in the survey, and there were some exciting
results. They are:
- The approximate annual
worldwide revenue produced by coaching is $1.5 billion
- The average coach is
46-55 years old, has coached for 5-10 years, and 53
percent of coaches have acquired an advanced level of
education (i.e., Master's Degree or PhDs).
- Coaching clients tend to
be 56 percent female/44 percent male, and between 38 and
45 years of age.
More importantly to me, the return on
investment (ROI) for coaching dollars spent is consistently
huge as stated by both individuals and organizations. Let’s look at the
following scenarios to “bring it home for you”.
are functionally very good at what you do, you have had
success both as a solo contributor and a leader of teams and
you get a really big promotion. How much more productive
could you be, in a much shorter time, if you were to have a
coach during your first six months in your new position? Go For It! Ask your
boss if he/she will take some of your training money and
hire a coach for you.
What if you are the manager of this
person I just described? Go ahead; ask your new employee if
they think that having a coach would get them to be much
more effective in a shorter amount of time.
What about the person in the opposite
have been in your position for a while and have watched lots
of other people come and go, some for promotions, some to
other jobs or groups and some to other companies. Do you ever think, what is it that they have that I do not
have? I have
tried everything, I need some help. Go Ahead, make that
phone call and hire a coach.
Your ROI will be astounding.
What about when you move from one
job/company to another? How many times have you negotiated a
job offer? What was the outcome? I have seen incredible results when
using a coach for any negotiation. So the question is
how much would you pay if you knew that you could get more
than what is initially on the table? I have a 98% track
record of doing just that.
I have a sign in my office that simply
says, “IMAGINE”. This
is my dream, that we can break old time organizational
paradigms by not only thinking out of the box but by
actually breaking the box that constrains us from soaring to
Do you have something that you want to
change in your professional life that would really catapult
you to derive the results of which you are capable? GO AHEAD, give
yourself permission, take that first step, hire a coach and
begin to derive results from
you like the tip, let us know but more important, share it
with a friend or colleague. As always, YOUR SUCCESS IS MY