Do You Need A Business Coach,Consultant, Or Both?

For the uninitiated, business coaching is often approached not just with a desire to explore opportunities for personal growth, but with the hope of receiving personalized solutions.

The waters quickly become murky around the title “coach” because most clients expect to receive the benefits from what is traditionally thought of as consulting—guided brainstorming, specific strategies, and recommendations that are driven by the consultant who is an expert in their space. 

With the growth of the professional coaching industry, coaching titles are more mainstream and no longer conjure solely athletic images. A true coach, however, (whether a life, academic, executive-functioning, wellness, executive, or business coach) does not provide clients with the answers, but rather facilitates the client’s process of self-improvement and self-initiated solutions.

If you are a solo entrepreneur or small business owner seeking business coaching, you are likely looking for some specific strategies from your coach; you may even be somewhat disappointed with prior coaching experiences if clear guidelines and expectations of the coaching relationship were not outlined for you.

So, what is Coaching?  Coaching definitions have been refined over the last twenty years by standard-setting organizations like the International Coaching Federation (ICF) to make distinctions from therapeutic or consulting professionals.  A coach believes in the principle that client-led agendas, reflection, and problem-solving can produce profound personal growth.  A good coach will ask powerful questions to move you forward and help ellicit your own problem-solving abilities because he or she believes that you are the expert in your own life, and you are capable of determining the best path if given the time and space to focus on yourself and your journey.

How is Coaching different from Consulting? Business consultants will usually engage a client in a careful self-assessment process, make observations and recommendations based on this assessment, and might also provide specific strategic guidance in any number of functional or operational areas (service delivery models, marketing, pricing/budgeting, contingencies, etc.).  One of the most fundamental differences between being coached through a challenge and seeking a consultant’s feedback is the source of the action plan. A consultant will give you answers and propose a plan. A coach will not.

Can Coaching and Consulting be delivered together? If you are invested in being the author of your own plans and in the power of a growth mindset, then coaching can bring you to a sense of greater self-actualization and clarify the most important goals in your life and in your business. Once you have identified your priorities and your personal challenges around those priorities, you are likely to find specific business recommendations to be more meaningful, especially if your coach is also providing the consulting. 

Many consultants intuitively include coaching techniques in their process: good listening skills, thoughtful questioning, client-led solutions. A consultant who is also a coach can extend these skills in more focused coaching sessions that can lead to greater client ownership of the action plan. 

If you aren’t sure how much of a Coach or a Consultant you are hiring, ask them to describe the focus of their process.  Do they provide specialty expertise, or is their process client-centered coaching? Perhaps they provide both. This might be the combination that takes you—and your business—in the most productive and powerful direction.

Do you need a business coach or consultant, or both?

Do you need a business coach or consultant, or both?

Have You Developed A Contingency Plan For Your IEC Practice?

What happens to our clients if something happens to us? It’s a proposition that we don’t want to consider but should.

I began to take this possibility much more seriously when I needed to have back surgery in the month of October. This meant that I could not meet with students for several weeks during what is typically a very busy time in college advising, and I was dealing with the effects of chronic pain for months leading up to the surgery.

I was lucky. I had a writing specialist who was also training to be an associate consultant. I also had a very understanding client group that year, and almost all of my students buckled down to complete their work before my October 20th surgery date. My associate took over the essay and application process for those who were left and ran interference for anything else that came up. However, I did lose opportunities for follow-up with inquiring clients, and my junior class never reached capacity that following year.

This ultimately was only a short interruption in my practice, but it gave me pause. I now keep a simple spreadsheet of my active clients with a quick reference to the pieces of my process that they have completed. If they have received their first research list, that qualifies for 40% of my fee. I then have milestone completions at 70% and 100%. I ask for my fee in advance of services, so this provides a record to use for providing refunds if necessary, which for me would be the worst-case scenario.

Should something happen to me, the best scenario for my clients is to have a member of my team take over my caseload. Before I had a team, I entered into a formal, mutually-beneficial arrangement with several colleagues to cover a portion of each others’ client loads should we be unable to do so. The choice, of course, would fall to the client, and in my case, a refund would be offered as the alternative. I have never stated my contingency plans in my contract, nor have I mentioned it to inquiring families unless I am asked (I’ve only been asked twice), but I like having a plan at the ready should the topic come up, and I have always felt good about having alternate resources lined up for my students. 

If you are not working in a group practice, evaluate how you can leave plans or instructions for whoever will be there to manage your affairs. As you meet IECs who share your philosophy and perhaps have a process that is similar to yours, you may consider building your own contingency network. Hopefully, this network will also be one that provides on-going collaboration or professional feedback, so that if the time comes for anyone to deal with a tragic event, there is a genuine understanding and cooperative foundation already laid. 

Planning, after all, is what an IEC is supposed to be good at.

 

 

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NBR: How to Get Your Kid Into the ‘Right’ College Even if You’re Not Rich or Famous

Following the college admissions scandal that broke in 2019, I talked with NBR’s Scott Cohn about reframing parent conversations around getting their kids into the “right” college - this shouldn’t be defined solely by prestige or local name recognition but should include a broader consideration of “right fit.” An IEC working closely with the student and their family can uncover a right-fit range of schools that match the student’s skill sets, interests, and personality so that they will have the best opportunity for being successful in college and beyond.