A Good Time to Step Back and Look at Your Business?

For some, August is hectic, for some it is holiday time, and for others a blessed period when the pressure eases a little.

If you fall into the latter category, it can be a good time to think about the business, rather than on getting the work done. September will come soon enough!

We can help you with a business review, with coaching you through specific issues, or as a sounding board. We even have an extra VIP day available this month. Get in touch now.

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Pay Day Loans and Your Staff

An interesting article in People Management about helping staff to avoid pay day loans and manage debt problems. Some big employers have come up with effective means of doing so, but there is no reason why smaller employers cannot do the same.

There is a fine line to tread, since staff may not be prepared to admit to a problem, particularly in a firm without a separate HR department. It is, however, possible to make generally available details af debt advice services, resources on budgeting and so on. For the firm itself to provide a loan can lead to all kinds of problems.

Financial worry can reduce the standard of work. One factor that the article does not mention is the danger that anyone with pressing financial problems may be more tempted by dishonesty (obviously most will not be). Particularly with a firm that holds client money (such as solicitors) it makes sense for the firm to minimise that risk.

Mental Toughness

I much enjoyed speaking about mental toughness to the Dudley and District Business Club last night. A good group of people, a good discussion, and good food as well.

The concept of mental toughness developed from observation of sportsmen and sports teams. The winner is not always the fittest or the most talented: there is a mental element as well. The idea of the mind influencing performance can clearly be related to business as well.

But mental toughness has a much wider application. For example, it is being measured in the education field to improve effectiveness. And a carer has to show huge mental toughness to keep going through what is often an unremitting (and sometimes thankless) activity.

The good news is that metal toughness is something that can be developed through training and coaching – but beware that is can also be lost by stress overload.

But I’m an Intelligent Professional…..

…..so why do I need coaching?

If everything in life is perfect and likely to remain so, then coaching will do little for you.

For most of us, though life is full of compromises, doubts and challenges both in work and outside. Here a coach can help you to address what is important to you.

Remember that a coach is not a remedial teacher, but someone who deals with competent adults (if someone needs therapy or counselling, they should visit a counsellor or therapist).

The fact that you are a professional may well mean that you tend to think like a member of your particular profession. What could be more natural? But this can be a limiting factor in coming to the best conclusion. The questions a coach will challenge your way of thinking to ensure that you explore possibilities fully.

Intelligence can obviously be a considerable asset. Yet once again, it can be limiting. Firstly, it can make you see all sides of an issue, but then make it difficult to make a decision. Secondly, while rational problem solving is important, sometimes issues such as emotion and ethics need to be taken into account.

A couch will help you use your abilities, but not be limited by them. And of course, you are the one who makes the decisions as to the direction to take.