Thursday, March 2, 2017

How to Get Back on Track When Your Coaching Habit Slips

By Michael Bungay Stanier

A company’s success lies in its employees, so it’s no surprise that good leaders are always looking for ways to help their employees learn and develop at work. The best practices have changed over the years, but arguably one of the best things you can do for your employees (and for yourself, in the end) is coach them.

We all need to coach for performance when issues arise, but I’m talking about coaching for development — the kind of coaching that benefits everyone involved, as it helps employees learn, it encourages managers to step back and it allows us all to do that great work we set out to do.

The best way to do this is to create a new habit and start coaching on a daily basis.

The Key to Coaching

You’ve probably already attempted to coach your employees in one way or another, but did you know that the key to coaching is asking questions? In my book The Coaching Habit, I explore how asking more questions is what really helps drive employees.

It’s simple, really: Stay quiet a little longer, offer less advice and ask more questions.

Perhaps you’ve already noticed this approach works and you’re trying to implement it as a new coaching habit. Good for you! You’re looking for ways to better your work environment and encourage those around you, while also eliminating your tendency to jump in and take over.

At some point, you will stumble. You might accidentally take over a project with the good intention of helping. Or offer advice before asking an employee for their thoughts. Or start fixing an issue that isn’t the actual challenge that needs to be addressed. It’s okay, you’re human. And hey, you’re likely just trying to help.

When that happens, all you’ll need is to have a plan for how to get back on track.

Make Your Habit a Resilient System

The secret to building a resilient system is to build in a fail-safe so that when something breaks, it’s easy to recover from it. You can do just that with your coaching habit: build in your own fail-safe. That’s the first step to creating a habit that’s hard to break.

Chances are, if you’re trying something new, you’ll encounter some resistance. If your employees usually come to you for advice and you start asking questions instead of offering answers, it might take them some time to adapt to your new coaching style. It might take you time to adapt also — asking questions instead of offering advice when we’re used to the latter can be difficult!

Make a Plan

To make your habit a resilient system, create a plan to get started, one which includes a way to circle back when the road gets bumpy. Here are some ideas for getting going:

Try out your new habit on someone who you think would make a good guinea pig, or on someone with whom you’ve run out of ideas, so you’ve got nothing to lose.

Start small. You don’t need to change everything all at once. Maybe you begin by asking a few questions here and there and then gradually incorporate more as you gain confidence in your system.

Get someone else involved. Tell a colleague what you’re trying to accomplish and ask them to do it too. You can encourage each other and hold one another accountable, and even practice together.

Deal with Setbacks

These strategies are all part of a great plan, but even together they won’t always do the trick.

You might feel awkward when you first try to implement a new habit at work; the resistance you encounter might make you feel incompetent or you might revert back to old habits without meaning to. These types of setbacks are bound to happen; you just need to know how to deal with them.

When you feel like surrendering, remember why you committed to making a change in the first place. This will remind you of the payoff and encourage you to not give up. Concentrate on what you’re really committed to doing, and then decide what you can let go of in order to refocus your energy.

Learn to adapt. Maybe you’ve fallen off track because you’re having a hard time rolling with the punches. You’re asking the questions, but they aren’t being well received. You’re talking less, but your employees aren’t jumping in more. That’s okay — everyone operates differently and there are many ways to approach people. Be ready to adapt and work with your team’s differences. Ask yourself what is working and what isn’t, and figure out what you should stop doing and what you can do more of. Build in time to reflect as part of your plan for getting back on track.

Connect with people. If you’re not immediately successful in creating your new habit, check in with those you’ve been trying it on. Check in with your accountability buddy and ask for feedback.

You’ve made the choice to build a new coaching habit. Be bold, don’t be afraid to keep trying — and don’t add more to your plate. Focus on what’s essential and keep practicing. Get back on the horse and keep on with your original plan.

The same goes for any habit you’re trying to build — this doesn’t apply just to my suggested coaching habit.

Regardless of the behavior you’re trying to change, remember that people make mistakes and that you just need to persevere. Eventually, if you’re committed, the new habit will stick and you’ll worry less about it and focus more on how that habit is positively affecting your workplace.



About the Author:

Author of The Coaching Habit, Michael Bungay Stanier is Senior Partner of Box of Crayons, a company that helps organizations do less Good Work and more Great Work. It is best known for its coaching programs, which give busy managers practical tools to coach in 10 minutes or less.

Download free chapters of Michael’s latest book, The Coaching Habit: Say Less, Ask More & Change the Way You Lead Forever, here.

The post How to Get Back on Track When Your Coaching Habit Slips appeared first on Successful Blog.

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How to Get Back on Track When Your Coaching Habit Slips

Pushing the Envelope: Why You Need to Step Out of Your Comfort Zone as an Entrepreneur

Most people are content to fall into a regular routine. Here’s why, as an entrepreneur, you can never be one of them.

Pushing The Envelope Why You Need to Step Out of Your Comfort Zone as an Entrepreneur

When was the last time you felt uncomfortable?

Let me rephrase that—when was the last time you genuinely challenged yourself? When did you step out of your safe, familiar routine and do something that tested your abilities, something you didn’t think you could do? Chances are good that if you are like most people, you are struggling to remember.

But as an entrepreneur, stepping out of your comfort zone is something for which you need to constantly strive. If you do not seek to break the mold and challenge yourself, you will never grow. And if you do not grow, you will never attain greater success in both your business and personal life.

“Seeking comfort, however natural it is, will never enable growth,” writes Entrepreneur contributor Natalie Bounassar. “Think back to your greatest moments of growth. What was the process like? Was it easy? My guess is no. Growth rarely is.”

Here’s the thing about running a startup: it should not be easy. You should enjoy it, sure. You should love your business and your life with a deep, burning passion. But you also should not feel as though you are coasting along without a care in the world. Startups continue to grow and develop when their founders take risks.

Let’s say you have wound up in something of a rut. You have settled into a consistent, comfortable routine, and you are not sure how to break yourself out of it. You have realized that, in spite of all your best efforts, you are stagnating. Your skills are not developing, your mind is not expanding, and you are functionally standing still.

What can you do about it?

1. Start small.

Identify one weakness of yours: a skill you would like to improve, a process you would like to make better, or a habit you’d like to break. Start thinking about one small thing you might do to be better.

For example, if you have trouble finishing your extremely long to do list each day, start by scheduling one high-priority task a day that you always keep to—a daily workout, perhaps. As a bonus, the daily workout will give you more energy to tackle other more challenging tasks.

2. Look for new opportunities.

Personal growth isn’t always something you will have to do on your own. Is there a public speaking class in your city? Are you aware of a networking event or an expert panel you could sit on? These events bring together like-minded people so they can share ideas and connect with each other.

You never know who you might meet. You might meet a potential new employee or a strategic partner for your company. Meeting others in person also gives you the opportunity to really perfect your elevator speech about your startup. It also helps you continually be able to promote yourself, as well as your business.

If you are not a fan of connecting in person or talking in front of a large group, try putting yourself out there more in an online environment. There are a myriad of options, including guest blogging, participating in a Twitter chat, and starting a Facebook group. These channels all get you out there in front of your target audience.

Sometimes stepping out of your comfort zone in an area outside of your business helps you gain confidence so you can eventually take more risks in your own business. For example, you could learn a new language or volunteer for a non-profit.

3. Work in moderation.

You do not always need to be outside your comfort zone, mind you. Even if you are only doing a few things that challenge your abilities, you are on the right track. You should still stick to what you are good at in the meantime.

4. Never stop striving.

Whether you are setting small goals, intermediate goals, or long-term goals, you should never stop looking for ways to improve yourself. Develop a new, positive habit. Learn something new. Foster a new partnership. But always move forward.

When you set goals, make sure that you are working towards measurable objectives and try to set a time frame for completion. As all entrepreneurs know, it is sometimes hard to stay motivated without a boss checking in on you frequently. Be your own boss and hold yourself accountable.


Personal growth is never easy, pleasant, or comfortable. But as an entrepreneur, it is something you should always aim for. Otherwise, your business will eventually stand still just like you.

So in closing, I will ask again: when was the last time you felt uncomfortable? Maybe it is time to start striving for the discomfort we all naturally fear.

The post Pushing the Envelope: Why You Need to Step Out of Your Comfort Zone as an Entrepreneur appeared first on GrowMap.


Pushing the Envelope: Why You Need to Step Out of Your Comfort Zone as an Entrepreneur

Tesla Model 3 Pre-Orders Nearing 300,000, Stock Falls After The Market Close (TSLA)

Tesla Motors (NASDAQ:TSLA) continues it roll with the upside no where in sight, or is there?  Shares of Tesla stock jumped Friday, gaining $ 7.82, or 3.4 percent, to close at $ 237.59, after the company introduced the long awaited “more affordable” Model 3 on Thursday night. Since then, more than a quarter million people may have put […]
Corporate News – The Cerbat Gem

Tesla Model 3 Pre-Orders Nearing 300,000, Stock Falls After The Market Close (TSLA)

Fashion Retailer H&M to Open 4,000 More Stores

Karl-Johan Persson the CEO at Hennes & Mauritz forecast that the clothier would more than double the number of stores it has, to close the gap between itself and it bigger rival Spain’s Inditex, and as online giant increases the competition in the fast fashion industry. Persson said he thought the company would reach […]
Corporate News – The Cerbat Gem

Fashion Retailer H&M to Open 4,000 More Stores

Average Brokerage Recommendation for Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (NYSE:APC) was up +2.12% ($ 1.37) to $ 66.02 and showed a volume of 3.9 mln shares. It has ranged in price between $ 65.17-$ 66.66 after having started the session at $ 65.49 as compared to the previous trading day’s close of $ 64.65. The GAP was therefore 1.28%. Over the 52-week time span, the stock notched a high price of $ 73.33 and its minimum price was $ 39.73. The firm’s stock has a market capitalization of $ 37.59 bln.

The analysts offering 12 month price targets for Anadarko Petroleum Corporation have a median target of $ 82, with a high estimate of $ 110 and a low estimate of $ 39. The median estimate represents a 24.2% increase from the last price.

According to Zacks brokerage recommendations, Anadarko Petroleum Corporation (NYSE:APC)’s Buy count is 1 and Strong Buy is 17 while the number of analysts recommending Sell and Strong Sell are 0 and 7, respectively. Also, the Hold rating count is 0, as of 01 Mar 2017. The analyst recommendations from a month ago are 1 Buy, 17 Strong Buy, 0 Sell, 0 Hold and 7. Strong Sell. Investors might also notice that two months ago the Buy recommendations (1) were less than Sell recommendations (1). The count of Hold ratings in that period was 0. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.6, indicating analysts in general look favorably on the company’s future prospects.

Now, the FactSet Research estimate calls for Q1 2017 earnings of US$ 0.02. A month ago, analyst EPS consensus estimated earnings of US$ 0 per share. They were forecasting US$ -0.08 per share three months ago. The Q2 2017 consensus earnings estimates for the company have stabilized at US$ 0.11 per share. A month ago, they told us to expect earnings of US$ 0.1 per share while three months ago their EPS consensus estimate was US$ 0.

Anadarko Petroleum Corporation (NYSE:APC) tumbled -5.32% year-to-date. The shares have accelerated in recent weeks, with their price up about 6.56% in the past three months. APC rose 0.27%, plunged -4.08% and advanced 17.62% in the week, one month and six months, respectively. The most recent short interest data show 1.53% of the company’s stock are short sold. It would take about 2 days to cover all short positions. In terms of volatility, it has a beta coefficient of 1.44 and technical analysis volatility indicator called Average True Range or ATR around 1.66.

Anadarko Petroleum Corporation (APC) closed 8.95% above its 200-day moving average and is -4.82% below another chart threshold, its 50-day moving average. The stock stands nearly -9.97% off versus the 52-week high and 79.77% away from the 52-week low. The number of shares currently owned by investors are 569.42 mln.

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Average Brokerage Recommendation for Anadarko Petroleum Corporation (APC)

Considerable Dividend Stock: The Walt Disney Company (DIS)

The Walt Disney Company (NYSE:DIS) share price jumped at US$ 110.4 before falling back to end the trade at US$ 110.09 a share. The dividend stock is -1.7% off a 52-week high stock price of US$ 111.99 but is up 22.83% since hitting the US$ 90.32. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 19.87.

After a -0.13% fall from previous close of US$ 110.23, The Walt Disney Company (DIS) has a US$ 173.15 Billion market cap. The company pays a US$ 0.39-cent-per-share quarterly dividend, giving it a 1.42% yield. That brings its full year payout to US$ 1.56 and 26.7% annual payout ratio based on EPS. According to FT, © Thomson Reuters Click for restrictions

The DIS has soared 5.63% year-to-date. The equity has gained steam in recent weeks, with shares up about 12.26% in the past three months. It added 0.07%, climbed 0.72% and jumped 16.52% in the week, one month and six months, respectively. Revenue growth rate was recorded at 6.3% and net income per share was seen moving at a 17.9% rate in the past five years.

The Walt Disney Company (NYSE:DIS) is over 4% above analysts’ consensus price target of US$ 116.29. The stock has blown through analysts’ low price target of US$ 85, but is still below the high US$ 138 target. On a price appreciation basis over the past 12 months, the stock returned 16.99%.

The most recent short interest data show 1.05% of the company’s stock are short sold. It would take about 2.08 days to cover all short positions. In terms of volatility, it has a beta coefficient of 1.2 and technical analysis volatility indicator called Average True Range or ATR around 0.95.

The Walt Disney Company (NYSE:DIS) closed 11.57% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is 1.9% above another chart threshold, its 50-day moving average and 0.02% above its 20-day simple moving average.

The Wellesleys News

Considerable Dividend Stock: The Walt Disney Company (DIS)

Wednesday, March 1, 2017

Chrysler Furloughing 1,300 at Factory Near Detroit as Sales Fall

Dropping sales of the main midsize vehicle of Fiat Chrysler have pushed to the automaker into indefinite layoffs of 1,300 employees at a factory near Detroit. Workers at the second shift at the assembly plant of Fiat Chrysler located in Sterling Heights, Michigan, starting on July 5 will be furloughed as the Chrysler 200 is […]
Corporate News – The Cerbat Gem

Chrysler Furloughing 1,300 at Factory Near Detroit as Sales Fall