One of the hottest trends in corporate America is business coaches. In fact, American businesses spend more than $1 billion to coach up top executives and managers.
Corporate titans like General Electric and Google invest in a business coach to boost sales and productivity. The net return on investment for a coach hire is 7 times the budget.
Do you have the qualities necessary to lead a business to profit and growth?
Read on for 5 qualities you need to become a better business coach. In this post, you'll learn how you can become an effective coach and share your knowledge with business executives and managers.
1. A Good Business Coach Has Experienced Success and Failure
In order to be an effective mentor, a coach must reach back on years of experience in the field. It is difficult to gain the trust and respect of your mentees without having a successful career first.
Success and failure are the two types of experience to draw on. Executives and managers are certain to benefit from your great career successes.
However, the most effective lessons will be derived from your failures and challenges. An agile coach is most valuable to a business as they share knowledge on multiple different fronts.
2. Be in It for the Right Reasons
Many retired businessmen and women seek a career in this field. To be an effective coach, it cannot simply be about supplemental income or influence.
Being in it for the right reasons means that you accomplish through the efforts of others. One of the best coaching qualities is a love for teaching and sharing your particular skillset.
3. Being a Good Listener
This is a positive quality in so many walks of life, but especially in business. Executives and managers acquired their position because they are intelligent and talented.
In many cases, they simply need to talk through the particular challenge they are facing. They will arrive at the solution on their own accord.
To be a good listener, make direct eye contact with the person you are speaking to. Reinforce the message they are communicating to you by occasionally repeating the most important parts.
4. Motivation Skills
A common complaint amongst executives and managers is a lack of motivation. Perhaps they are growing complacent in the position and are losing the drive they once had.
The best coaches have excellent motivation skills. They are able to get the most out of upper-level management and ignite a productive fire under their feet.
5. Honesty and Confidentiality
Mentees are looking for two things when they confide in a coach. The first is honesty. A good coach will communicate the truth, even if it is difficult to hear.
The second thing that mentees are looking for is a safe place to vent and express frustration. A coach is expected to keep conversations and mentoring sessions strictly confidential and respect the employee's privacy.
These are just 5 of the many qualities that a business coach should possess.
Demonstrating these characteristics will instill trust and respect in the employees that you are coaching. Qualities such as vast business experience and motivation skills are certain to provide value to a corporation.
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