No matter what growth stage your company is in, leadership challenges can overwhelm your daily task list — and an executive coach can help.
Among your staff, you see frequent communication breakdowns. You and your co-founders feel out of sync, and maybe disagreements escalate more than usual. Mostly, you feel an overwhelming amount of stress.
As CEO or C-Suite executive, you might feel isolated at the top, but as a leader within your company, you need to adjust to the pain points and challenges.
The pressure of being leading the team can cause physical and emotional stress.
Half of the CEOs surveyed expressed feeling lonely and isolated at the top, according to a poll done by the Harvard Business Review.
61% of the surveyed CEOs believed that their loneliness hurts their job performance and ability to make good decisions. When making decisions, you may want an independent sounding board whose feelings don’t affect the company; having an executive coach can aid you.
Ideally, you could manage all of this stress by learning to be more structured and organized in your approach and implementing communication strategies to better interact with your team. Enter your executive coach.
What Can An Executive Coach Do For Me?
When you work with the right executive coach, the coach provides a highly personalized experience for you. A coach creates this tailored approach through listening in on meetings with your team, conducting 360-degree evaluations of you and other high-level executives, and provides you tools to deal with stress, give feedback, and more.
You and your coach will work together to develop better communication strategies, practice giving and receiving feedback, and tips on how to lead difficult conversations.
As your coach, I can lead founder or co-founder mediations and help your leaders foster the company culture you want.
All of these skills take time to hone, a coach will help you adjust your leadership style to any situation. You will also create accountability with your team, effectively use negotiation techniques, and build emotional resilience for stressful situations.
So, What Is Executive Coaching?
Being a CEO will feel like a crash course in personal development. You must continuously work on self-improvement. As CEO, you must act as a role model for the workers around you.
Executive coaching is the process in which a professional coach facilitates a thought-provoking one-on-one session with an employee who has a high ranking in their company. But that doesn’t mean those are the only business people who can benefit from executive coaching. Really anyone who manages multiple people and makes impactful decisions can benefit.
These intimate one-on-one sessions are tailored to help you and other managers on your team who have the most significant impact on the business build more vital communication skills.
When Do You Need Executive Coaching?
Most leaders find themselves searching for an executive coach when they repeatedly feel overwhelmed, unfocused, or ineffective as a leader. You may feel challenged by the difficulties ahead and alone in the decision-making process.
While enlisting an executive coach to help you sort through all these issues at an overwhelming time can be helpful, seeking one out before you reach this breaking point can help prevent these troubles from arising in the first place.
Who Is Executive Coaching For?
Executive coaching benefits founders who strive to be the best leader possible. Taking the next step in your leadership development will benefit you as a manager, decision-maker, and role model within your company.
I’ve worked with leaders from Google, PWC, Genius, Toms, and more. Even when business is good, the value of executive coaching never ends.
“Working with Silvia has been a challenge in the best sense of the word. She has helped me understand and square myself with others’ perceptions of me so I could begin to own the narrative of who I am and what I’m capable of,” Russell Farhang, Managing Director at PDT Partners wrote. “She’s an attentive listener, is unequivocally supportive, shares what she thinks without passing judgment, and is able to call me out when I’m missing an opportunity to learn something.”
As you hire seasoned executives to work around you, they too can benefit from executive coaching to help your company’s internal communication flourish and ensure everyone on the team implements your core values in daily work.
The Typical Executive Coaching Client
What do typical executive coaching clients look like in my practice?
If you are a Founder, CEO, or C-suite executive and run a company of 20 or more employees, I can help you manage your team more effectively. Working with an executive coach will give you tangible tools to implement in your everyday work environment.
Most of our clients are raising capital or are post capital raise (Series A to IPO). If this sounds like you, know our practice is tailored for your needs.
What Are The Benefits of Executive Coaching?
The benefits of executive coaching can ripple across the entire organization, from profit, competitive advantage, to overall employee satisfaction.
Some reasons why you would want executive coaching for yourself and your employees are:
- Become A More Effective Leader
- Improve Executive Presence
- Learn To Trust Your Team
- Focus On Goals
Use Executive Coaching To Become An Effective Leader
By using executive coaching as a tool, you will be able to evolve your leadership mindset. As CEO, every time you speak to your team you want to convey your vision for the company and illicit buying from your employees.
But being a leader is more than the big talks, even in 1:1 how you interact with your team has lasting impacts. Together, we will work to help you lead difficult, but necessary conversations with your team, whether it’s giving effective feedback or helping the team focus on growing the business.
Your work with me will help you lead your team in an organized and cooperative environment. Through executive coaching, you’ll learn to delegate when appropriate, shine a spotlight on the strengths of your individual employees, and get the most out of your diverse team.
Improve Executive Presence
In addition to improving your business, executive coaching will improve your executive presence. This makes you a more efficient, confident, and effective leader and decision-maker.
People who radiate confidence are perceived to be better leaders because they can clearly and make decisions that affect the company’s well-being.
Portraying executive presence is essential for employees to feel secure working beneath you. When you exude confidence in your decisions, your employees will follow your lead with ease.
Build A Team You Can Trust
It’s easy to feel if you don’t do something yourself, it doesn’t get done right. However, that will hurt your mental and physical health, as well as, your business in the long run. Executive coaching will help you learn to trust your team. You must learn to trust their team to embrace the strengths of their employees.
This also helps foster a cooperative work environment. By allowing workers to feel as if they have a more prominent role in the big picture of the company and by listening to their opinions and concerns, employee engagement will increase within your company.
Focus On Your Goals
Executive coaching will help you focus on your personal and business goals.
Your goal may start as company-focused, such as increasing sales, winning an award, or being recognized as a top-shark in the industry. Or perhaps you want to give more effective feedback to your team.
Whatever your personal or company goal is, executive coaching can help get you there. It enables you to keep your eyes on the end goal and not get lost in the weeds of the everyday grind. Coaching teaches you to track whether the decisions you are making are leading you in the right direction.
Executive Coaching Is The Answer
Many top business leaders have found a plethora of benefits that result from executive coaching. And, companies agree it’s a good investment.
According to Harvard Business Review, many of the world’s leading companies invest roughly $1 Billion into coaching annually. It’s considered an investment in the company.
The investment is one well-spent because of the return it brings to your company by developing your leaders and reducing opportunity cost, communication breakdown, or slowed execution.
Studies show that companies received $7.90 for every $1 that was spent on executive coaching sessions, according to the data recorded. If your plan was to hire a new executive, instead of investing in your current team, the cost of recruiting and training a replacement is estimated to be $311,000 annually. This doesn’t guarantee the replacement can adapt to the leadership challenges in your organization. The cost of an Executive coach is significantly lower and has a higher upside — $311,000 loss vs. $8,000 a month = no brainer.
Where Can You Seek Executive Coaching?
It’s crucial to find a coach that is right for you and your company in order to ensure your company’s success. Ask your investors and trusted colleagues for referrals of coaches who work in your industry’s sector.
So, you’ll want to interview your coach to ensure it’s a good fit.
Don’t be afraid to ask initial interview questions to the potential coach to get a sense of what they preach. You want to make sure your company’s morals, ideals, and goals align with their coaching method.
However, don’t be afraid to let coaching change you. The goal is to evolve as a leader.
Executive Coaching Is The Key To Success
The sooner you engage an executive coach, the quicker your company will start to reap the benefits.
Companies, again and again, utilize the power of executive coaching to engage their employees better and create an efficient environment in which cooperation is embraced.
What Is An Executive?
An executive is traditionally someone with either an executive title in the company or the C-suite. Any employee who makes decisions in which the outcome affects the entire company and typically manages multiple people.
What Is Executive Coaching?
Executive coaching is a modern-day business tool that employers use to advance their employee’s development. It is a one-on-one session with a certified professional. The session focuses on creative and thought-provoking practices that will enhance their abilities to lead and make decisions.
Why Would You Want To Have An Executive Coach?
There are many reasons why you may hire an executive coach, such as:
- Become A More Effective Leader
- Improve Self Confidence
- Learn To Trust Your Team
- Focus On Goals
Where Can You Find An Executive Coach?
I’m currently taking new clients and would love to discuss how we can benefit your business. Reach out to me here.