For the executive, professional, or business owner, having a thought partner that keeps you on track, growing and meeting your goals can be highly effective.
The right executive coach – one who supports you in developing an ability to lead while helping to grow your business or area of responsibility – can do this for you. In fact, statistics show that investing in the right executive coach has an average of 3%-10% return on investment. Because of this, the need for good coaches is growing.
However, even when you have found one that works for you, there are times when it’s necessary to make a change. It may be that your executive coach has retired, won the lottery or died. Or it can be that your current coach can’t help you move to the next level.
So, how do you handle this?
You could certainly decide to do without an executive coach. After all, chances are that you arrived at a certain point professionally without that help. At the same time, when considering the ROI described above, you may want to engage a new one.
When to make a change
Here’s a telltale sign you need to consider change: You and your coach have come far. You’ve grown immensely and accomplished some great things by working together. However, you feel stalled with this coach and are no longer able to meet new goals.
As with any helping profession, a coach knows that they cannot support development and business needs if they don’t have the training, lens and experience to keep helping you move forward. If you find yourself in this situation, it’s probably time to make a change.
On the other hand, you may be grieving the loss of a great coach. Here’s hoping they did not die, but instead won the lottery and went on to an exciting new chapter. But no matter how they exited, this still means that you are without a thought partner. And you’ve decided the value this support brings to you is such that you want to find a replacement.
Criteria for replacing your executive coach…
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