Top 5 Important Reasons to Hire an Executive Coach

When you hire an executive coach, you get a neutral person that will help guide you to achieve your goals and have a different worldview of you and your company. The executive coach will help you become the best version of yourself you can be unlocking your leadership potential for the benefit of your organization and the bottom line in profits and sales your company produces.

Your leadership team members are most likely there because of their significant experience and track record in your business and industry. Engaging with a professional executive coach empowers you to help them become better leaders and build a cohesive leadership team that is serving the objectives of the company not just their divisions or areas of responsibility in the company. Hiring an executive coach is an investment in yourself as the CEO and your company. Depending on the executive coach, they may include a group coaching component into their programs to include executive coaching experience for your executive team.

I want to share with you the top 5 reasons for hiring an executive coach to help you and your company grow and shift into an abundant mindset as a company.

1. Build a collaborative and high performing environment

An executive coach can support leadership in uniting their teams around a single purpose. It is normal that executives would be focusing on driving results for their areas of responsibility. In some cases, companies are operating from a place of scarcity and fear. When coaching becomes ingrained into your organization's climate management and employees learn to see their responsibilities from an overall perspective instead of just being an individual component of the company. The executive coach's job when using the Energy Leadership model of coaching is to shift the energy of the leaders and organization from scarcity to abundance operating as one cohesive team focused on achieving the company goals and objectives.

2. Change your mindset from reactive to proactive.

Although it's natural to slip into a schedule and stick to a tried-and-true formula, it's also beneficial to take a break from the daily struggle. Working with a coach encourages CEOs to think proactively instead of following repetitive procedures. It is difficult to move your company forward when you are constantly fighting fires. An executive coach will have a different worldview of you and your company. They can help identify the patterns that are happening in your company that are causing you and your company to be constantly operating from a mindset of scarcity and fighting fires instead of preventing them from occurring and operating from a mindset of abundance. That proactive and abundance mindset enables your staff to be more productive and work towards establishing your company in a leadership role in your market for your industry.

3. Take Away the Pressure and Make a place for Honesty

By the time you as the CEO reach that role, you are under a lot of stress by the board and with publicly traded companies' stockholders to keep the company profitable and performing at the highest level possible to achieve the goals you set for the company. An executive coach's job is to be there to listen to you, be the neutral party, and not judge you. This reminds me of a quote "being heard is so close to being loved, the average person doesn't know the difference." An executive coach's only agenda is to help you achieve your goals, develop your leadership skills, help you achieve your goals, and help improve the bottom line of your company. They are going to give you a realistic honest viewpoint on you and your company during their relationship with you.

4. Realize missed opportunities

Sometimes executives allow their egos and feelings to stand in the path of their development as leaders. Coaching is not regarded as criticism of someone's abilities or absence of an ability. A competent coach will help a CEO use their skills and strengths more effectively.

The coach will identify blind spots that can lead to missed opportunities and all the company as a whole benefits from the coach's perspective. When those blind spots are identified and addressed, it serves to strengthen the results you and your company produce. '

5. Create a culture of excellence, collaboration, and cohesion in your organization.

A coach will support every executive in identifying essential capabilities and strategies to improve the capabilities of the company to achieve its goals and become or maintain its leadership in the marketplace. When your company shifts into an abundance mindset, that energy of abundance are the glue that pulls the organization towards one common goal and vision. It's no longer just the goals of the CTO, CMO, CFO, Vice President, Director, or Manager. It's the goals and vision of the company. Each person that works for the company is working each day to move the company forward. It's the job of the executive coach to help shift the organization to abundance and promote that cohesion in the organization by helping you become the version of yourself you can be and become the best leader you can be. The energy and mindset of the CEO need to flow through the entire organization. Any cogs in the engine that are preventing that abundance mindset need to be addressed. That is where the ELI Index comes into play. It's one of the tools an Energy Leadership Executive coach uses to help transform the executives and companies they work for.

The bottom line

Because coaching is an unregulated industry and anyone that reads "coaching for dummies" can set up their stake in the group and call themselves a coach. It is important in your selection process of choosing an executive coach to work with that you hire a certified and qualified executive coach. I recommend when you go to hire an executive coach that their training comes from an ICF-certified coaching program. The International Coaching Federation is one of the most respected coaching organizations in the world. ICF coach training, certification, and credentialing. Not all coaching certification programs are created equal. By hiring an ICF-certified coach, you know they have gone through at least 400 hours of professional training to become a coach.

In addition to being a certified professional trained coach, you want them to have business experience. Your best option is a credentialed coach who also has business experience.?

Hiring an executive coach as the leader of your organization is the best investment a leader makes to help achieve their goals, become better leaders, manage stress, build a cohesive team and identify blind spots they may have about their organizations to help move them and their companies forward in the right direction.