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Executive Coaching: Why Entrepreneurs Shouldn’t Go It Alone

Executive Coaching: Why Entrepreneurs Shouldn’t Go It Alone

FromGrit & Growth


Executive Coaching: Why Entrepreneurs Shouldn’t Go It Alone

FromGrit & Growth

ratings:
Length:
32 minutes
Released:
Jun 27, 2023
Format:
Podcast episode

Description

Welcome to Grit & Growth’s masterclass on coaching, featuring Laurie Fuller, a certified executive coach, who believes entrepreneurs can benefit from having a collaborator, connector, and cheerleader by their side. Fuller provides practical tips on what to look for in a coach plus tried-and-true techniques she uses to help her clients transform themselves, their teams, and their companies.Entrepreneurs are almost always on a quest to improve. But improvement can be ridiculously hard to accomplish on your own. That’s when an experienced coach can step in to help you focus on what’s most important, strengthen your teams, and transform as a leader. Laurie Fuller does all that … and more, sharing her insights and tried-and-true techniques to help entrepreneurs tackle their most difficult challenges. After a successful career in the private sector, Laurie Fuller channeled all her experience, passion, and curiosity into coaching. Today she’s a certified executive coach with Stanford Seed based in Nairobi, Kenya, a venture investor, and mentor to founders and CEOs across multiple continents. Fuller believes that being a sounding board is a critical part of coaching, whether her clients are talking about strategy, people, management issues, strategic HR, or just being lonely at the top. “This time that I have with my client is a way to reflect, remove ourselves from the business, and try to see the forest from the trees. Often as a leader, we get pulled into the urgent and we don't have time for the important,” she says.Questions to Ask When Considering a CoachDo they have the right credentials? “It’s easy to write ‘coach’ on a plaque, put it on the door, and open for business,” Fuller warns.Is it the right fit? Fuller recommends having a trial period and trusting your gut. “If it’s not working, you should politely move on,” she advises.Is the timing right? “If there's a lot going on in your life, personally or professionally, it just may not be a good time. Coaching takes a lot of mental energy and you want to be present,” she says.Are you willing to do what it takes? Fuller says that coaching also requires a lot of the “coachee,” so before you commit, make sure you’re willing to commit.More Masterclass Takeaways Beware of the evil letter I.  Fuller often stops clients when they say “I” and asks: “Do you really mean ‘I’ or do you mean ‘we’? Remember, it’s not just about you, it’s about your business.”Coaches and therapists are very different. There are limits to what a coach can accomplish. “I'm not trained as a therapist. I'm trained as a coach. I'm really focused on work, work behaviors, and how you present yourselves to others at work, in a work situation,” Fuller explains.Teams need coaching. If you want high-performing teams, you need to give them coaching, too.Delegate the things that drain you. Fuller uses the term “emotional runway” to get entrepreneurs to think about what parts of the business excite them so they can focus and add more value.Learn to say no. You’ve earned the right. Fuller says, “We need more entrepreneurs to really have that confidence to say, ‘This doesn't serve me anymore.’”It always takes longer than you think. Fuller encourages her clients to reflect on the progress they’ve made, not the end goal. “It always takes longer than you think to make change,” she says.Listen to Fuller’s insights, advice, and strategies for how to find a coach and make the most of the coaching experience.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jun 27, 2023
Format:
Podcast episode

Titles in the series (82)

Meet intrepid entrepreneurs from Africa and South Asia, hear their stories of trial & triumph, and gain insights and guidance from Stanford University faculty and global business experts on how to transform today’s challenges into tomorrow’s opportunities. From securing investment and planning family succession, to mindful leadership and managing in adversity, you’ll learn firsthand from entrepreneurs and experts on how to develop the grit you need to grow your business — in times of crisis and calm. Walk away with actionable information, new perspectives, and fresh inspiration to take your business to the next level. Listeners can also take a deep dive into entrepreneurship with masterclass episodes featuring interviews with Stanford faculty and global experts. It’s a unique opportunity to hear about cutting-edge research, get practical business tips, and learn proven leadership strategies from some of the world’s leading thinkers and practitioners.Grit & Growth is brought to you by Stanford Seed, a Stanford Graduate School of Business-led initiative that partners with entrepreneurs in emerging markets to build thriving enterprises that transform lives. About The Host: Darius Teter is executive director of Stanford Seed, a Stanford Graduate School of Business-led initiative that partners with entrepreneurs in emerging markets to build thriving enterprises that transform lives. Darius has held leadership positions at Oxfam America, the Asian Development Bank and with the US Government where his experience included advising governments on economic policy, developing human rights programming, and financing infrastructure megaprojects across Africa, Asia and Latin America. All the while, he remained intrigued by the human experience and our universal drive towards growth and prosperity.