Saturday 17 May 2014

How to talk to your CEO …

How easy is it to get to talk with your CEO or board directors? If you’re like most people in medium to large corporates you won’t have clear access to the majority of the senior leaders. And to some extent it has to be like that. Heirarchy’s are not there for the vanity of the directors, but to protect their time so they can think and deliver in ways only they can do.

We’ve all heard the water cooler chat about ‘they should stop spending money on the marketing and spend more on the product’ or ‘if I was running this show I’d never pay those contractors to be on call – save the money and hire some permanent staff’ – the expert opinion of those not in the know.

However, sometimes there can be priceless feedback from employees –  and that different business angle from a new view point can be insightful, simple and financially rewarding to a company. How does that employee get their idea from their head, up 4 levels of management and still have their concept be as authentically represented as when they thought it up? Plus, how do they ensure the acknowledgement of the idea comes back to them and doesn’t get allocated to a career-hungry senior manager somewhere up the line?

So there are a few things that probably need to be in place to get your ideas to your CEO. Your success with this might well be influenced by:
• the size and culture of your company
• the professionalism of your manager (and therefore his/her ability to influence)
• your capacity to grasp the big picture within which your idea sits (especially if your company owns many brands or has a number of different products or services)

 Here are 5 ways to get your idea to the CEO:

  1. Write the concept down and email it to a colleague or a friend so that there’s written confirmation that the idea originated with you
  2. It’s always a right first steps to talk with your manager and ask him or her for their feedback and whether they think the idea has value enough to go to whatever height of leadership has the decision making power. This may be all that’s needed and once progress is made, or the idea adopted, the acknowledgement comes straight back to you
  3. You can email or phone the CEO’s assistant and ask what whether you can have some time in the diary. Be prepared to explain what it’s for as it’s a PA (or EA)’s job to gate-keep for their boss and to make a first judgement as to whether this will be a valuable use of their time. If that answer is to send something to the PA first so she/he can review it, by all means do that then follow up in a day or two to check what he next step might be.
  4. When you get time with your CEO, make sure you’re prepared. Your conversation may make a lot of sense to you and you may be very passionate about the area of the company in which you work. The Chief’s job though contains a responsibility for every employee within the organisation, plus the production and delivery of the product and service of your company, and the satisfaction of the clients who access those products and services. Her (or his) time is precious so you must know your information and how to answer reasonable questions around it.
  5. Relax. Remember that the CEO has work his or her way to where they are with victories and challenges along the way in the same way that you’ve had those. You’ve got the meeting because it sounded like it was worthwhile so be yourself and speak from the heart.- See more at: http://www.jenniferbroadley.com

Thursday 8 May 2014

An executive coach – your ROI

What’s the Return On Investment of working with an Executive Coach? This is such a juicy question. Ten years and over 1000 clients ago, as I tentatively opened my doors to my first incarnation of being an executive coach. I had very little understanding of the value I was bringing to my market. I charged accordingly at £50 to 100 an hour – where I could get that fee and I worked with some middle managers, some junior executives and many small business owners most of whom hired me out of their own salaries.

What happened? My clients thrived. There’s no other way to say it. They were already good at what they did and since most of them had genuinely never had an agenda-free, them-focussed, you-define-your-own-success kind of conversation in their lives, the executive coaching conversations worked to massive effect. My clients were promoted, they got salary increases, some moved to dream jobs, others made huge personal changes and all of them thought thoughts and took actions that they wouldn’t otherwise have known were within their sphere of choices.

How did I measure these results? It just couldn’t be done on monetary terms. How do you measure clarity, reduced anxiety, increased courage, richer conversations and raised awareness? It could only be measured through lives lived out and success stories shared.

After about 50 clients and repeatedly seeing their huge shifts, I had to put my fees up. I continued to work for individuals – authors, publishers, editors, film producers – and then increasingly I go taken on by small then large corporates. I was seeing 2 – 6 clients a day and loving every conversation and every little light-bulb moment – of which there were many.

At this time – about 2004 – I was adding to my executive coach skillset with some further study around metaphysics. Thoughts become things. What we believe is what we see. Limited thinking produces limited results; courageous thinking creates extraordinary & fast-tracked outcomes.

How did I measure the success of this extra service? Again, it couldn’t be done on monetary terms. My clients were loving it though – doubling their sales numbers, launching (and closing) new brands and some even starting families where they’d previously given up hope.

Every year I reviewed my fees and reviewed my client results until I was working with MDs, senior directors and international business owners. At this level the fact that I charged £400 an hour and £2500 a day really wasn’t that relevant to an individual or a company. If a finance president had a breakthrough realisation, his company was the 7-figure beneficiary of that. If a marketing director left a coaching session with a richer strategy, her CEO and shareholders would celebrate those results and bank the bonus.

The money and the sales were never the point – they were the measurable outcomes. The point was (and still is) that a progressive professional could hire an executive coach to expose more of their potential and make their life easier, more meaningful and more successful.

When you hire an executive coach you believe your work life and your personal choices will change for the better. If you pick an experienced executive coach this will undoubtedly be the case. Your results can be measured by the improvements in your own life then and also in the lives of your colleagues, your family & friends, and those you’ll never even know that you’ve touched and change.

A worthwhile return on investment is not just about what’s released in your own experiences, it’s ultimately about what you give back –  your ultimate life’s legacy.

See more at: http://www.jenniferbroadley.com