Career Success For Accountants

Leadership Development: 5 Benefits of Working with a Coach or Mentor

Being a leader can be a really lonely existence.  Expectations are high and it can often be a real struggle to stay on top of your game and continually deliver great results.  Continuing to develop as a leader has never been so vital not least because of the major challenges facing many organisations right now.

For those at a more senior level working with a coach or mentor is often a great way of continuing to develop.  So what are the benefits?

Benefit 1: Thinking time

The pace at which leaders operate in organisations is often relentless and means that there is little or no time to stand back and take stock.  Being able to stand back from issues and challenges allows you to clearly think through the choices, look at challenges in different ways and ultimately to take better decisions.  And if you are taking better decisions it means better results for you personally and the organisation.

Benefit 2: Ongoing support

Training is great and I have been to many great training courses over the years.  Trouble is most training courses are a one shot opportunity.  What I mean by that is that you go along to the course, leave enthusiastic and an few months later find you are back where you started.  If you are a leader looking to be more effective over the long term you know that it is going to take time.  Having that ongoing support can help you make that sustained change in performance.

Benefit 3: Personal attention

In my experience of working with clients there are often some very specific areas of focus that leaders and managers want to work on.  Sometimes it might be about strategies and tactics that they can apply and other times it might be tackling areas of self doubt or misconceptions.  I also notice that they rarely need to work on all aspects of a particular topic but more on one or two areas.   The nature of the relationship means that it is much easier to tailor the programme to meet specific needs.

Benefit 4: Highly time efficient

I know that when I was in leadership and management roles, creating the time to attend a 2 or 3 day course was often a real challenge.  By comparison finding a couple of hours a month to work with a coach was much more time efficient and effective.

Benefit 5: Return on Investment

Ultimately if you are investing time, money and energy into something the return on what you have invested will be important.  Research into the benefits of coaching indicates that the return on investment is in the region of 500-700%.  Now these numbers might well look huge but let’s take a look at an example.  Imagine you are a senior manager who aspires to be a Director.  Ask yourself what’s the difference in salary and benefits?  In a field like accountancy, the differential between a number one and number two can easily be in the £30-50,000 per annum range.  If you are in the number one job for say 10 years, that could mean an extra £300-£500,000 to your earnings.  So look at your investment in terms of the lifetime value.

Bottom Line – Continuing to develop as a leader is no longer an optional extra.  If you are serious about realising your professional and personal potential, working with a coach or mentor might just be the catalyst.

About the Author Duncan Brodie

Since 2006 I’ve worked with in excess of 8,000 accountants and professionals in workshops, seminars and one to one helping them land their next jobs and become better leaders, presenters and business partners. Before that I spent 25 years in accountancy climbing the career ladder from Payments Clerk to FD. I’m a CIMA Fellow, Certified Professional Coach and Team Coach Facilitator.

Previous Post Leadership and Organisational Success: Measuring What Matters Next Post Leadership and Organisational Success: 3 Challenges in Creating Effective Strategies

Leave a Comment:

12 comments
Amie Crews says 19 September 2009

Great article and so true. Coaching is seen more and more to be part of the leadership strategy and ongoing managment development.
Too often people focus on ‘going on a course’, when they really just need that quality 1:1 space!

Reply
Personal Coaching says 26 October 2009

I think your article is a nice piece. However, are you able to think of some objections to contradict your own opinion? Just to make it stronger and more believable. I guess it will make your article more mature an valuable. Regards Bob Lowsius personal coaching games developer for trainers and coaches.

Reply
Duncan Brodie says 2 November 2009

Annie Thanks for your feedback which is greatly appreciated.

Bob in response to your question about te flip side, here are some thoughts:

1. It takes courage to be willing to look at you, your strenghts and gaps and you need to be ready to do this.
2. Sometimes a skills development course might well be the answer, coaching has its benefits but is not the only option.
3. It is not a quick fix and does require a commitment longer term.

Hope this adds to the content and thanks to both of you for your contributions.

Duncan

Reply
leadership development says 11 March 2011

If my first manager had not introduced me to leadership development I would not have the lifestyle that I enjoy now. I owe Mr Attree a great deal over the years.

Reply
leadership development says 11 March 2011

Without leadership development training provided by my company I would still be stacking shelves. You really owe it to yourself to grab whatever training you can.

Reply
Left Brain Right Brain Test says 28 December 2011

This is a great article. For leadership, team building, and personal development, I have found the best way to get things started is to perform a neurological based assessment of left brain-right brain preferences. When you see the results from that, everything sort of falls into place.

Reply
Add Your Reply

Popular posts

It Takes More Than Being Good At The Numbers
 Career
Oct 07, 2014
How To Overcome That Fear When Presenting At Work
 Presentation Skills
Jun 22, 2022
Career Success: I Am At My Best When
 Career
Nov 29, 2013
Team Success: How To Create A Clear Purpose
 Teams
Jan 07, 2010