Yes, it is not possible to make all the
decisions for your company. You need your employees, customers, vendors, industry experts and advisors to help make good decisions. And yes, you need a coach. Not just any coach, but one that will stand up to you, challenge your thoughts, validate that your plans are solid and provide resources when you need them. This coach needs to be engaged in your business to a level that he/she understands the context of where you are at and where you are trying to take your company. I tell business owners when selecting a coach to choose one that they would hire to run their company. It is the best of both worlds. You get their experience, and contacts applied to your business at a fraction of the cost of hiring an employee with the same skill set.
Enjoy the post, John
Why Every CEO Needs a Coach
The job of a CEO has never been more challenging and rewarding. However, the job can be a lonely one despite the generous compensation, perks and attention. Boards, and CEOs are increasingly turning to engaging professional executive coaches to assist CEOs in their performance and growth and reduce attrition.
Why should CEOs have coaches now? Previous generations managed without them. Today’s president or CEO faces more pressures than ever. Business leaders are dealing with rapidly changing markets, technologies and workforces, increased financial and legal scrutiny . . . and more. Top executives who feel that they can handle it all by themselves are more likely to burn out, make poor decisions or make no decisions – potentially resulting in significant loss of opportunities, human resources and financial resources. The job of CEO is unique from several perspectives: No one else needs to hear the truth more, and gets it less from employees; no one else is the focus of criticism when things go wrong; no one else is the final decision maker on difficult and often lose-lose decisions; and finally, no one else enjoys the almost hero-celebrity status and rewards.