SEVEN-STEP TRANSITION TO EXECUTIVE COACHING

'Critical Success Factors in Transitioning From a Business Leader to an Executive Coach'

The transition from business leader to business coach is a tough call, and I have seen many executives miscalculate the move and pay a considerable price. Many executives I know left the jobs others would envy, failed miserably in the coaching industry, and struggled to find a full-time job again.

After my recent article, ‘Transitioning from Executive To Executive Coach - how executives can build their coaching business?’, I received dozens of questions from some of the top business executives in my circle. Based on their comments, queries, and concerns, I decided to write this follow-through article explaining what it takes to make this transition successful.

Based on my research with numerous executives making this transition successful (and many not making it so successful), I will share my additional insights and experiences with you.

Several critical success factors can help you transition from being an executive to becoming an executive coach. To ensure your smooth transition into executive coaching, I share the seven most critical success factors to establish a thriving coaching practice.

1.?????Focus:

Building a thriving coaching practice takes time, energy, and sweat, and it requires a solid commitment to your business, your clients, and your ongoing development as a coach.

Your readiness to invest the time, stay persistent, and put in the daily effort will help you build a thriving coaching practice.

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2.?????Results:

As coaches, we only succeed when our clients do.

Your success as a coach depends on your ability to help your clients achieve their goals. Put 100% focus on delivering results. Show flexibility in your coaching approach. Consistently demonstrate a willingness to adapt your coaching to meet your client’s needs.

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3.?????Specialty:

A clear coaching niche helps you stand out in a crowded market and helps potential clients understand your offer.

Your niche should align with your skills, experience, and passions. Additionally, finding creative ways to communicate it clearly to your potential clients would be best.

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4.?????Network:

Use the power of networking to your advantage. Connect with other coaches, both successful and those who are still struggling.

Building a network of other coaches, business professionals, and potential clients is crucial to the success of your coaching business. Attend industry events and join professional organizations to network with potential clients.

Creating an online presence through social media and a professional website is critically important in this digital age.

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5.?????Certification:

Get a coaching certification to build your credibility. Certification gives your potential clients a message that you are a serious player.

Certification from a reputable coaching organization, such as the International Coach Federation (ICF), provides your clients confidence that you have the skills and knowledge needed to be an effective coach.

It also gives you access to a network of other coaches, ongoing training opportunities, and the latest industry trends.

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6.?????Communication:?

Some twenty years ago, Tony Robbins taught me this important lesson: ‘Quality of your life is the quality of your communication.’ Communicating, persuading, and negotiating are crucial to a thriving coaching practice. Communication is a fundamental skill in coaching.

You must be able to listen actively, ask the right questions, and provide feedback that is both honest and constructive. Strong communication skills will help you build trust with your clients and help them achieve their goals.

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7.?????Growth:

I read this profound quote a few years back, which changed how I used to look at my coaching practice. It says, ‘You either grow or go.’ Are you growing or going?

A coach must stay up-to-date with the latest coaching techniques and research. Be willing to invest in ongoing training, attend conferences and workshops, and learn from other coaches and mentors. Coaching is a never-ending journey of growing personally and helping others grow professionally. You miss a day, and the world will forget how great you were once as a coach.

As a Coach-Trainer, I have trained hundreds of executives to earn their coaching certification and credentials. My team and I have helped scores of coaches build thriving coaching businesses in multiple markets and geographies. Their success became possible due to the seven factors I shared in this article. I firmly believe that by focusing on these critical success factors, you can also make a successful transition from being an executive to becoming an executive coach.

I am not saying this is going to be easy. But if you are willing to do the hard work smartly, you will create a rewarding and fulfilling career as an executive coach sooner than you can imagine.

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ABOUT QAISER ABBAS :

An Organizational Psychologist by education, Qaiser Abbas is a highly sought-after Leadership Coach known for helping top CEOs transform their leadership behaviors.

He is the Founder of Possibilities Global, one of the fastest growing leadership development partners for many Fortune 500 companies, including Unilever, PepsiCo, Toyota, GE, Nestle, Total, Coca-Cola, Abbott, US Embassy, and Reckitt-Benckiser.

Qaiser shot to fame with his blockbuster book ‘Tick Tick Dollar,’ published by Hay House, USA. His keynotes and books have touched the lives of millions around the globe.

Qaiser is globally recognized as one of the most respected and award-winning Coach-Trainers. He is the originator of the ‘DARE Coaching Model’, practiced by over 250 senior executives he personally trained to become certified coaches and run their successful coaching businesses in 40 countries.

You may learn more about Qaiser Abbas at www.qaiserabbas.org or www.possibilitiesglobal.com

You may connect with Qaiser Abbas at [email protected]