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Thoughts

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Blog, Thoughts

Challenging your own bias and thought process.

Our own experiences and learnings carve out our understanding and acceptance of the world around us. As we experience happiness, we reinforce the things that happen around us at that time. As we experience pain, we build a coping strategy to help protect ourselves from this in the future.Read more

Inspiration, Thoughts

A cycle, a hill and metaphor.

On Sunday, I went for a cycle ride. I had a couple of objectives – firstly to get to Weatheroak Hill and secondly to explore some of the Lickey Hills in Worcestershire. I knew the way to the first objective as I had been on that journey before. I understood the roads, the hills, and the obstacles. When reached, I pondered my plan aheadRead more

Thoughts

The Ins and Outs of Life

It is all a matter of balance so quite a simple thought today.

We eat and we exercise.

  • If we put in more than we use then we will retain the extra.
  • If we use more than we put in then we will lose the extra.

Simplistic and not considering calorific content, nutrients, and other stuff that also needs to be in balance depending on your own physique but worth remembering.

Profound? No

Reminder? Possibly

Worth remembering? Yep, especially late at night as we reach for that snack that we really do not need.

Thoughts

Can you be too over prepared for the modern world?

There is a nice tension between being prepared and being too prepared and each of us has a different ‘comfort’ level. It could be that you are about to run a workshop, an intervention, or meeting someone for the first time, or perhaps completing a task in your home. In his book “The Checklist Manifesto“, Atul Gawande takes on a journey through complexity where the use of checklists work to effect striking and immediate improvements (a fascinating book if you have not yet read it). And yet, thinking about what we do as professional coach and supervisor, we need to understand where the ‘checklist’ stops and intuition and clients agenda starts. Some of this is born out of our own security, and need for structure and I find that when supervising people this structure is the thing that sometimes gets in the way from incredible moments.

Being able to understand your own barometer of your unique need for structure then is important. Thinking about the task is important. For example, being equipped and ready in the mind for a coaching session is completely different from painting a living room … or is it?

The task of painting a living room requires you to think about the process of painting and the order for the application of sealer, primer and final coats. Similarly, in a coaching conversation, one needs to explore some of basic contracting first – “what is it that you want to think about today” or “where do you want to be at the end of the session” being two typical openers leading to a foray into wherever the coachee wishes to go. In painting a wall, we do this with a system – usually starting at one end and systematically moving through the wall length until complete. In coaching, we adopt models and adapt them to suit situations moving adeptly through various stages (think GROW, think RADAR etc…). We endeavour to challenge and hold a space for our clients to explore reflections to move ahead with improvement. So we have similarities.

The difference then between coaching and great coaching then I would argue is the ability to stray off piste and be comfortable about holding the clients agenda, utilising an eclectic range of constructions that can help the coachee get to their desired or freshly discovered outcome. To do this, there needs to be some structure to act as a framework, but perhaps a visible discovery in getting to the outcome. Building discovery is hard, it requires us to concentrate exponentially on the client, listening to body language and acting on nuances uttered. Each client is different and each situation presents fresh challenges for us to practice our craft. It needs us to work, it needs us to practice and be prepared. Finding the right level though, is a personal dilemma.

Inspiration, Thoughts

The important 30% – what to do with profit.

How do you plan for the money that you have coming into your business?

I read a 1990s guide to setting up business. It talked about looking at the money that you have coming into your business and thinking of it as percentages. This made a lot of sense. It talked about costs in running a business (the running costs) being about 70% of what you are bringing in. So, if you are bringing in $10,000 per month, then $7,000 of this is running costs including your take out. The other 30% is interesting and something that I am sure you have a view on.

Where the 30% goes…

  • 10% you give away. The thing here is that as you start small and bring this type of mentality into your business, you are creating an initiative of social intercourse that will grow as your business grows. Obviously this is a personal decision as to what and who you give to. If you decide to give ‘time’ – make sure that you are being true to yourself as to what the value is that you are delivering. Think about the fact that 10% of time in a 5 day working week is ½ day – think about whether this is congruent with your day rate and whether this sits well with you.
  • The remaining 20% is about reinvestment. It is about investing in new stock, new projects, or new initiatives that help in your growth. The risk profile of what you do is upto you. Be genuine to yourself is important here. It is not about investing in a lunch or a snazzy bit of hardware or software unless the return is absolutely explicit.

For me, the %ages are a guide and will be dependant on your business models and profit return. However, the ability to think about a ‘profit’ being split into different elements is encouraging. It allows us to plan and deliver improvements into the new year.

If you are a business owner, how does this approach feel to you?

Is this a reminder of the need to invest not just in your business future but also your society consciousness?

What percentages work for you?

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