Coaching for Business Partners: 4 Times to Work with a Skilled Business Relationships Coach

Business partnerships have a lasting impact on how and where a business will grow. It takes clarity and communication to make it work. All parties understanding their responsibilities, fulfilling the expectations of the mutually agreed-upon objectives for growing the business. Establishing processes to maximize each other’s strengths, focusing on commonalities in values, and shared visions for business outcomes creates a foundation of trust from which to grow. Business partner and owner coaching lead to successful outcomes. Figuring out how to bring unique individuals together in a successful business partnership is the goal. Because when things are going well, there’s an almost indescribable energy. And when things are going well between you, it carries throughout your organization and all relationships. Together you create better. You communicate better. You work better. You play better. You just do it all better. - Jan Hoistad This article takes a look at coaching for business partners and breaks down 4 times when you need the expertise of an experienced Business Relationships Coach whether you've been in business for a while or just starting a new business. How To Make a Business Partnership Work Business Partner Case Study Focusing For Better Alignment and Successful Outcomes Preventing or Repairing Difficulties in Business Partnerships Summary If you’re looking for guidance on improving your relationships in the business world, you’ll find lots of information on developing sales and management or leadership styles. Some resources focus on aspects such as presence, empathy, confidence, and listening skills. Information on how these [...]

Crafting the Arc of Your Career and Life Story One Life-Stage at a Time

Careers, businesses and family lives develop through a series of phases. When fully—some would say success"fully" lived—each phase has an arc that rises, peaks, descends and resolves as the next begins. If you approach your career, business and personal developments with this natural structure and rhythm in mind, it allows you to live the current stage fully, anticipate and plan for next phase. This is true no matter your age, life stage or generation. Coaching can help you excavate these aspects of your life, oftentimes making a life feel richer in the reflection and taking intentional action. Nowadays, with such long-life, you have the opportunity to approach each decade, each 10 - 15 year phase acknowledging an underlying natural rhythm, focusing the arc of your activities toward outcomes—the personal and career growth, self-development learning and chronological life-stage accomplishments you desire—as you design, craft and create your life story. If you are a business leader, business owner or entrepreneur, on this foundation you can successfully craft the arc of business developments and plan the future with eyes wide open. Couples and Dual-Career Couples can integrate personal and professional with eyes wide open.   It's Your Story—You Get to Rewrite and Build Each Stage When you acknowledge the context of multiple 10-15 year phases, your career story takes on personal meaning—because you write it, and live it. Like many authors, the outcomes for their characters are not always fully known, but various factors compel the actions and eventual outcomes. The [...]

Jumpstart the Next Stage of Your Career with a Complimentary Coaching “Discovery Call”

These past 18 – 24 months has catapulted some personal and professional lives forward — often if you were in the right industry at the right time, and you were lean, mean, and agile. If your position was indispensable to the company in the midst of cutbacks. If work from home (WFH) was seamless for you and your employer or your business. You may still be assessing if the opportunities during this global crisis are relevant or desirable now. At the same time, an overwhelming number of careers and businesses stalled out at the end of 2019. Growth or transition planned for 2020 was road blocked. You may have been eyeing next opportunities or even in conversations with a company you hoped would find you an attractive candidate. Suddenly many doors were closed. Business owners hung on for many months, watching for positive economic signs to hire and expand again. In this same scenario, enormous numbers at the low economic end were laid off or on unemployment for so long, 2/3rds  consider changing fields or occupations. The hit on women’s careers and equality has been devastating with many working mothers forced to step away from their careers. While you may have experienced these setbacks — and wonder which career, business, and life choices make sense for you now — you desire to move forward. Not knowing the "best way" to proceed keeps many people in stasis. Let's talk about an opportunity that can help you leapfrog through your choices so that [...]

4 Business Partnering Styles and Their Impacts on You and Your Business

In this article you’ll be introduced to four relationship styles entered into by business partners. In four articles indicated throughout and at the end of this overview, each style is discussed in greater detail. Each style comes with conscious or unconscious assumptions and expectations. These in turn contribute in different ways to: Feelings of ease, trust, respect, and the ability to count on one another. A sense of individual contribution, recognition, and loyalty. Ease and openness of communication. Invitation, support, and encouragement of unique perspectives as part of a creative culture. A commitment to working on the “same team,” An attitude that “We can resolve anything together,” in navigating decisions and differences that impact personal satisfaction, as well as business success. Each style is briefly analyzed along the following dimensions: The conscious or unconscious relationship mindset or perspective. This dimension is about ultimate decision-making power. It may supersede title or even who appears to be in charge. Who ultimately gets their way, or final say? Are you operating as partners, a team or as a solo decision-maker? An approach to decision-making across all aspects of the business. Where and how are you given autonomy to make decisions individually as a business partner? Is it clear when decisions must be considered together? How do you wish this to filter throughout your team? A perspective on differences, conflict, and how they get resolved. Are you in agreement about how you will handle differences or conflict? Do you have ways to stay [...]

Impartial Management: Doing Away with Favorites

DJHP / Leaders Nothing is more disheartening for employees than being on a team where its leader just seems to play favorites — unless, of course, you’re one of the chosen few. You get your pick of projects, find yourself constantly tapped for input, and may even enjoy a little preferential treatment when it comes time for promotions. Even then you might not feel you can trust the spotlight, especially if your leader shows any fickleness. But that’s really a story for another day. The thing about favoritism is that it’s become almost an epidemic. Sounds alarmist, I know. But according to a survey by McDonough School of Business at Georgetown University,92 percent of senior business executives have seen some level of favoritism in the workplace. While this number may appear high, it does stand to reason. If you click, you just click, and this can inadvertently lead to favoritism when you’re in an advisory role. Even something as innocent as a standing lunch date can turn into bias toward subordinates. We’re human, after all, and it’s difficult not to let our emotions hold sway over our decisions. To determine whether or not your attitude and actions are led by favoritism, I recommend taking stock of the following: Feedback. Everyone has his or her own managerial style. There’s nothing wrong with that, and this style inevitably affects how you deliver feedback. But this feedback should always be constructive in nature. It should set consistent expectations for every member of your [...]

Why Career Coaching is Important in Today’s Economy?

This was first published in 2000, but the principles remain the same today. Not so very long ago, Time Magazine published an article entitled “Play of the Day - Fostering employee loyalty in a tight labor market, companies are offering workers personal coaches as tools to help them thrive." The article describes how companies, many of them FORTUNE 500’s, such as IBM, Dow Chemical, Glaxo Welcome, Marriott International, and others including Eastman Kodak, Abbott Laboratories World Wide and Cap Gemini Ernst & Young, all have found the merits of hiring career and executive coaches to help their employees discover what it takes to make them content in the workplace. When this article was originally published, the economy was booming with no signs of slowing down, and they reasoned that offering coaching to your employees was a good thing to help retain them in an employee driven marketplace – if they are happier, hopefully they will stay. “Companies also see it as a way to help valued employees evolve in a swiftly changing business environment.” (Time, 9/25/00, p. B27) Just 5 months later, we might characterize the business sphere as more “unknown”, definitely rocky, with analysts walking the fence not knowing whether to predict stability in the near future or more economic difficulties throughout months to come. Companies are feeling the domino effect of slowing sales and revenues, a growing number are choosing to layoff a first round of workers as everyone tightens their belts. There is an atmosphere of taking [...]

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