I received a call this week from Doug Summers, an insurance agent and financial planner from New York, wanting to know if I thought he could benefit from hiring a coach and if so, whom should he hire.
Since I receive a number of questions about coaching, I thought I’d address the subject briefly here.
First, coaching certainly isn’t for everyone. Don’t hire a coach if you’re spending your rent money to pay the coach. Second, don’t hire a coach if you aren’t serious about improving and expanding your business. If you’re not going to invest the time and energy to implement what you learn and the advice and direction you receive, don’t waste your money. Third, don’t hire a coach if all you’re looking for is a friend and someone to pat you on the back. As the saying goes in Washington, “buy a dog.”
However, if you’re serious about your business and you can afford a coach, coaching can help you launch or change your career. With the right coach for you, you receive highly targeted, highly personalized guidance, training, mentoring, motivation and direction. A good coach can help you get organized and focus on those things that will change your career—both skills and attitudes. A coach is your personal trainer. He or she is there to help you analyze your current situation, develop a game plan to attack your weak areas and highlight your strengths, and work with you to follow-through on the implementation of the plan.
If you are seriously considering a coach, realize that the coaching field is filled with a number of very good coaches—and a large number of hucksters. Winnowing the wheat from the chaff is sometimes difficult. There are organizations that certify coaches. Does a certification mean you’ve found a good coach? No. There are a large number of non-certified coaches. Does that mean they aren’t good? No.
Cost is a major factor for most considering hiring a coach. Coaching fees range from $300 a month to $1,000 a month and more. Again, unfortunately, cost isn’t an indication of quality either. There are great coaches in the $300 to $500 dollar per month range—and virtual thieves in the $750 plus area. There are, of course, terrible coaches in the lower range and great coaches in the high fee range also.
There are coaches that specialize in segments of the business field. Some specialize in lead generation and personal marketing, business processes, sales techniques, client management, lifestyle and “attraction” coaching, and many other areas. Then, there are some incredible people who claim to be experts in everything.
So, how do you find a coach that is right for you?
1. Well, your first step is to understand what a coach can and can’t do.
A coach cannot make you want to succeed. A coach cannot make you do what you need to do to become successful. A coach cannot force you to learn, to work, to hit the streets, to invest the time and energy, gain self-discipline, or to perfect and hone your skills. A coach cannot give you a magic formula for success. And, a coach cannot change you. Only you can change yourself.
A coach can give you individual, targeted training; a coach can give direction; a coach can help you get organized; a coach can help motivate; a coach can mentor; a coach can analyze without the haze of being too close to the situation; a coach can give encouragement and discipline; a coach can open new doors by giving new, fresh, innovative ideas; and a coach can give the personal attention that you simply cannot get from a sales manager or training department. The right coach can change your career.
2. Figure out what you need to concentrate on.
As mentioned above, coaches have different areas of focus (unless you’re dealing with one of those wonder coaches that is an expert in everything—just an aside—stay away from those guys—no one’s an expert at everything, despite what they claim). Take serious inventory of your needs. Do you need prospects and clients? Is your primary concern getting a handle on the organization of your business? Do you need to work on your management skills? Are you most concerned about finding ways to breakaway from your business and get a life?
Your primary needs will determine which specialist you want to look for. More than likely, most will be looking for lead generation and personal marketing help or learning to develop and manage the sales process, which is, pure sales skills. Larger producers may be looking for process, management and organization coaching.
3. Narrow your prospective coaches down.
More than likely, you’ve researched via the internet and found a number of coaches. On their website, you should be able to find a discussion of their coaching and business philosophy, a number of articles they’ve written, and, hopefully, an idea of their charges.
Read their website and their writings carefully. Do you agree with their philosophy? Do their writings make sense to you? Do their areas of work match your needs?
Look at their credentials. Do they have credentials to back up their claims? Coaching certification is fine, but many, especially authors with books published by major publishers such as, AMACOM, John Wiley and Sons, Kaplan, McGraw-Hill and other major publishers won’t have a coaching certification. Certification is an indication but hardly decisive.
If they have their fee schedule published, great. You know their fees—but, again, that isn’t decisive. Remember you’ll find some of the best coaches within the lower fee ranges and some of the biggest charlatans in the higher range. Nevertheless, if you’re on a strict budget, at least you can concentrate your search with those who you know you can afford.
3. Interview coaches.
Once you know the type of coach you’re looking for, interview some. You want someone you can work with—someone you “click” with; someone that you agree with his or her coaching and business philosophy; and someone who you trust.
Every coach should be willing to give you at least an hour of time for your interview. If they aren’t willing to give time for you to get to know them and ask specific questions, more on to the next.
Listen to their answers carefully. Are their claims exaggerated? Are their promises too good to be true? If so, move on to the next.
Is this a person you can work with? If you don’t feel this is someone you can work with for whatever reason, move on.
Who is going to be doing the coaching? Some will not be doing the coaching themselves. Some will bring you in based on their name recognition but won’t be the actual coach. If this is the case, talk to the person who will be your coach—that’s the person you must analyze, not the name that brought you in.
How much time do you get? Are the phone sessions weekly or bi-weekly? Do you get to communicate via email at other times? What about “emergencies”? Coaching agreements can range all over the board—from weekly hour phone coaching with unlimited email correspondence in-between, to weekly half hour or 45-minute sessions with unlimited or limited email, to half hour, 45 minute or hour bi-weekly sessions and any number of other combinations. Find out right up front what the schedule is.
How do they work? Some coaches take a “feel good” approach. They see their mission as helping you gain self-confidence and a positive self-image. Others see their role as guidance and giving direction. Others see their role as teachers, trainers and mentors. Some are “progress” oriented, others results oriented. Find out what their bottom-line is and if it matches yours.
Hiring a coach can be one of the best moves you make—or one of the worst. The burden in on you to make sure you do your homework.
And, now, for the obligatory ad: if you would like to find out about my coaching services, you can find my philosophy at http://www.powerreferralselling.com/html/coaching.html; you can find a number of my articles at http://www.powerreferralselling.com/html/articles.html; about my book at http://www.powerreferralselling.com; or contact me at pmccord@mccordandassociates.com.