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Business Coaching and Mentoring From the Experts Help You With Better Business Returns

When you invest in a business, you naturally do it with the view to earning revenues that will keep flowing the sustained way. But a lot of startups, as well as those that are already into business for some time now, fail to get the expected results due to the lack of proper expertise and practical knowledge. Taking up some useful sessions with a business coaching and mentoring professional can be helpful in stopping the drainage of your precious dollars. Successful coaching is meant to help you attain your business target with the right strategy that involves spending less and earning more.

Such professionals are experts and have the know how on how they can empower you with the ways that will enable you to promote a sustained growth and lead to a strong position. The aim is to provide the correct success and the motivation environment that will directly influence the growth of your business and also have the direct consequences on your life as a whole. After all, good leadership has more often than not proved to be contagious with the aim to strive for the best being passed on to every employee of the organization.

Coaching with the mentor arms the mentee with the practical and real-life situation knowledge that is often lacking in the educational setup from where most business personnel start off with. This kind of coaching helps in bridging the gap between the theories of the classroom and the actual business practices and protocols that have the determining influence on your business output.

Effective business coaching and mentoring also aims at empowering the young professionals and entrepreneurs to be accustomed to the company protocols and also business practices that will help them effectively deal with organization cultures. This is crucial as there will be other enterprises and the specific cultures therein to deal with when it comes to doing business with them.

The internal organizational goals are the most important factors for any business and the coaching for small business owners will help them sharpen their business skills in attracting more customers. It is a strategic coaching that will make the difference between you and your competitors that you can well leave way behind you by showcasing to your customers how well you can deliver according to their specific aspirations. It then becomes a program that you develop with your mentor to hit the nail straight on the head and achieve your business goals.

The experts that are engaged in the field of such coaching usually have a strong background in the world of finance and can help you guide and choose the best small business loans for young entrepreneurs that will give you maximum benefits. Knowing how the individual systems and the financial institutions work gives them the total view of the scene and enables them to pinpoint to you the places where what you otherwise thought to provide you the saving actually drain your resources. Knowing about the interest rates and how they work will surely help you save your precious resources from draining out.

Coaching and Mentoring - 5 Great Tips For When You Coach and Mentor Others

Although coaching and mentoring are viewed as two totally different fields, they are the same in so many ways. They are geared towards helping other people improve the quality of their lives, realize their full potential, and reach their goals.

Here are 5 great tips that you can use regardless if you are coach or a mentor:

1. Active listening. Whether you are a coach or a mentor, you need to practice active listening each time your clients are talking. You need to know where they are coming from and the things that they are struggling with and this will not happen if you are not willing to keep your mouth shut.

2. Communicate high expectations. Before you start your first session, make sure that you tell your clients that you have faith that they will perform highly. You will need to do this to boost their self-confidence.

3. Build relationship first. Don't even try to start coaching or mentoring your clients unless you build relationship with them first. They must see you as someone who is genuinely interested in helping them out and not just another person who is just after they money.

4. Improve your communication skills. This is very important as you'll be communicating with your clients on a regular basis. Improve not only your oral but written communication skills as well. You must be able to articulate your thoughts and ideas flawlessly.

5. Impress your clients. One way to show your clients that you are truly interested in helping them out is showing your willingness that you'll go out of your way just to make sure that they'll be able to reach their goals.

Coaching Mentoring - 4 Top Secrets to Succeed in Coaching and Mentoring

What if you discovered marvelous tips to improve your coaching and mentoring skills to attract more and more people joining in your client list?

The aim of this article is to give you in depth information about how to provide good coaching and mentoring service to your trainees and help them to improve their career in their selected field.

Here are 4 amazing steps to get you started now...

Step 1 - Set Clear Goal.

Step 2 - Know Your Clients.

Step 3 - Observe Their Performance.

Step 4 - Ask Your Trainees to Give Feedback.

Here are step by step details that you can apply quickly and easily...

Step 1 - Set Clear Goal.

As coach or mentor, you should set your goals before starting your program with your clients.

You should know what you are going to do exactly to train your clients in their field.

Step 2 - Know Your Clients.

You should know your clients properly to start your coaching session with them.

Know their strengths as well as weakness and mentor them accordingly.

In the next step you will know how to observe your trainee's performance to know their weak as well as strong points.

Step 3 - Observe Their Performance.

Keep observing their performance and note down the necessary points to improve their working ability and knowledge.

You can discuss with them about their performance, make sure that you do not use hard words while showing them negative sides of their work.

Step 4 - Ask Your Trainees to Give Feedback.

How will you know about your coaching program that you are performing well or not?

Well, you can ask your trainees and tell them to give feedback about your coaching program.

This feedback will surely help you to improve your work and skills. Make sure you take action on the information provided in this article and you will experience great results.

Discover What One to One Coaching and Mentoring Could Do For Your Business

Eminent business leaders of our time, such as Sir Richard Branson and Donald Trump, are quoted as saying that one of the principal reasons for their success are the coaches and mentors they have worked with in their illustrious business careers.

It is an accepted fact that coaching and mentoring are processes that enable both individuals and business clients to achieve their full potential. They share many similarities so it makes sense to understand the common ground shared by the two of them.

The one principle common thread which unites all types of coaching;and mentoring is that they offer a vehicle for analysis, objective and constructive criticism, and reflection. These can then provide the launching pad for specifically targeted and focused action that ultimately enables the client, individual or corporate, to achieve success in more areas of their life or work.

The definition of coaching can be stated as being as a process that enables learning and development to occur, and thus performance to improve and goals to be achieved. To be successful, a coach should possess a knowledge and understanding of process as well as the variety of styles, skills and techniques that are appropriate to the business or personal context in which the coaching takes place.

Mentoring can be defined as help and assistance given by one person to another in making significant transitions in knowledge, work or thinking. This can be in their personal or business life, or indeed in both.

The daily struggle to grow and develop a business is not an inconsiderable one. Business owners and managers should look for every way they can to increase their knowledge, improve their business skill sets and thus have every tool at their disposal to be able to grow their business to the maximum potential.

In recent times there has been a growing trend for individuals, particularly home based workers and company owners, to take greater responsibility for their personal and professional development, and even those who are employed in large organisations are no longer relying on employers to provide them with all of their career development needs.

There has been an increase in the number of individuals contracting coaches and mentors on a private basis. Some are looking for a career change, but many are also seeking to maximise their potential with an existing employer or to achieve greater balance with their work and home lives.

Coaching and mentoring can therefore help you achieve many things, be it as an individual, or as a business manager or owner. The one thing both will do is to help you, or your business, become more successful. They will accelerate your learning process as effectively you are absorbing the knowledge, skills and experience of someone else, with that knowledge, those skills and that experience, all tailored specifically for you, and focused on what you want to achieve

One of the hardest lessons we learn in life, and in business, is that we don't know what we don't know. To negate that getting in the way of our progress, or the growth and progress of our business, enter the coach and mentor, with that personally tailored and focused coaching and mentoring.

You will note that both coach and mentor were used in that last paragraph, as this article contends that to gain optimum benefits from these services, you should seek coaching and mentoring help from the one source. And if that can be delivered to you on both a personalised and also one to one basis, then you surely have the optimum vehicle to help you achieve your goals.

What Is the Difference Between Executive Coaching and Mentoring?

I would now like to look at the history, definitions and different types of coaching and mentoring. Coaching has its roots mainly in psychology and sports coaching and is not a new concept as its connections going back over two thousand years to the ancient Greek philosopher Socrates who saw himself as the 'midwife to understanding (Landsberg, 2002:8). Coaching in the area of business first really appears in literature in the 1950s. I have listed some definitions of coaching below:

"A helping relationship formed between a client who has managerial authority and responsibility in an organization and a consultant who uses a wide variety of behavioural techniques and methods to help the client achieve a mutually identified set of goals to improve his or her professional performance and personal satisfaction and, consequently, to improve the effectiveness of the client's organization within a formally defined coaching agreement" (Kilburg, 2000, p 142).

Looking at the definition above it can be said that coaching is an enabling process aimed at enhancing learning and development with the intention of improving performance in a specific aspect of practice. I agree with these definitions and would also add that coaching tends to have a short-term focus and really hones in on immediate challenges of the client.

I have found that there are many different types of coaching including life coaching (personal coaching), career coaching, performance coaching, spiritual coaching and team coaching. Executive Coaching (EC) has evolved from some of these other types of coaching, into a well established practice within organisations. EC is different from other types of coaching mentioned above, but does however incorporate many elements of the other types of coaching,.

Where the other types of coaching mainly look at things from the coachee's perspective, EC has a dual focus on working one-on-one to develop the executive as a leader while also helping that leader to achieve business results. I have found that EC's focus is more focused on improving the coachee's performance which will ultimately improve the effectiveness of the organisation and is therefore different to say personal or life coaching which is mainly aimed at the coachee.

Now that we have looked at some definitions of coaching we will take a look at mentoring and I have outlined a definition of mentoring below.

"...off-line help by one person to another in making significant transitions in knowledge, work or thinking."

Clutterbuck, D & Megginson, D, (1999) Mentoring Executives and Directors.

I will say that Mentoring therefore has a longer-term focus than coaching. Mentoring is designed to encourage personal growth and has a wider focus of culture. Mentoring has many similarities to coaching but is quite different in many ways.. A mentor will usually have experience in a particular area and gives advice and tutors, where a coach's role is to assist and uncover abilities. Some of the main differences of coaching and mentoring are outlined below. I find when I mentor someone, I am in that position because of my experience or expertise in that specified area. I also offer more guidance and advice to the client than in coaching.

5 Reasons Why Coaching and Mentoring Is So Effective For Developing People

The Insights Series from The Chartered Association of Certified Accountants identified coaching and mentoring as one of the most effective development methods. So what is it about coaching and mentoring that makes it such a powerful development method? Here are my 5 top reasons.

1. Ongoing

Many traditional approaches to development are one chance events. If you prosper fantastic if not your opportunity is gone. While this type of development activity is excellent for acquiring skills or knowledge, it can be less effective when it comes to working on personal attributes or softer skills.

2. Personalised

Many development activities aim to cover a number of areas in a short time frame. While this is excellent for getting breadth, it can mean that only a small proportion of the time is spent on the areas that matter to you. When working with a coach or mentor you focus on the specific areas that will give you greatest leverage or benefit from your development time. You get to develop your own personalised programme.

3. Focussed

Coaching and mentoring is highly targeted and because it is ongoing you move forward quicker because it is focussed. You don't waste time and effort on areas that you don't need to.

4. Supportive

People who take on the role of coach or mentor are highly supportive. They can be counted on to be behind you encouraging and supporting you as you take action. Knowing that you have the support of someone who believes 100% in you is an amazingly powerful motivator.

5. Accountability

Study after study highlights that having accountability is one of the most important ingredients in achieving results. One study suggested that you have a 95% chance of achieving an objective when you have accountability in place.

When you have to self account for what you have or have not achieved, you do more than you would have done otherwise. Your coach or mentor holds you to account for those actions that you have committed to taking in order to get results and move forward.