Coaching For Founders

Coaching For Founders

Curated Thoughts for Founders & CEOs | By Helena M. Herrero L.

Article by Kate Brodock.

When I took over Women 2.0 in August 2016, the company had been around for 10 years, but we were straight back to startup mode, with a slim team to start (two people!) and an almost completely new business model. We had an intense focus on riding the fine line between revenues and mission that many for-profit, for-good companies often have.

Despite having the same limited resources that all startups have, one of my first and most immediate goals was to get to the point where I could hire an executive coach.

This isn’t a very common goal for most startup CEOs, but in my opinion, this is a mistake.

Why should you get a Coach?

When you optimize your performance, it directly impacts the performance of your startup

When you are at your best – in mind, body and spirit – you perform well in every aspect of your life. What you bring to work every day matters. A lot.

If you’re successful enough to have received investor money to grow your company, your own capabilities as a company leader now impact other stakeholders.

So how can you do your absolute best to make sure the company performs at optimal levels? You have to be at your optimal level.

If you’re not sleeping, getting overly stressed, or getting sick a lot — and generally not taking care of yourself — it does not bode well for the company (or your investors).

Optimizing your performance requires prioritizing self-care and committing to positive, healthy habits. Coaches will review your daily professional and personal routine and schedule, and work with you to develop a peak performance plan (and hold you to it).

Understanding how we’re motivated, how we work and want to work, how our work impacts our life and vice versa is all crucial to making sure we’re our best selves.

You’re growing a company, but you’re also growing yourself

It’s the Double-Track of Learning. Yes, you are hustling to raise capital, build a team, find office space, perfect your product, grow revenue, etc. But all the while, you are also growing yourself — as a leader and a CEO.

No one is born knowing how to be CEO of a company. Becoming a good one, and a good leader in general, requires a growth mindset and a commitment to stretching yourself.

Remember: You can’t take a company further than you’ve taken yourself.

Developing and executing 3-5 goals for growing your business and 3-5 goals for growing yourself is no easy task. Having a coach as a partner makes it much easier.

Realizing the importance of having 3-5 goals gives you ultra focus, makes decisions easier across the board, helps identify when things are wrong or right more quickly, and helps your team get on the same page and taking actions to move the ship forward.

Science

Your brain’s limbic system is the back part of the brain, which has been with us forever (it controls our flight-or-fight response). This is the part of the brain that controls your stress, emotions, behavior, and motivation. And it can be trained (yes, trained). The limbic system learns best through feedback, extensive practice, and outside motivation.

Coaching provides exactly that: Critical feedback (the honest kind that doesn’t avoid the hard stuff), actionable tools and frameworks, and motivation (the kind you might not be able to give yourself in the morning).

With a coach, you can put together a practical development plan for growing into the best leader you can be.

As Founders, we all work our brains extensively all day long… but it’s often unstructured, high-energy, fast-action thinking that’s usually meant to get our company’s full plates less full by the end of the day.

Our brains, when put through structured thought processes, benefit in the long term.

When you’re a better human, you’re a better leader

This goes all the way back to Socrates, who taught the principle of “Know Thyself.” Many modern day leadership gurus, like Warren Bennis, believe that knowing thyself is the first rule for becoming an effective leader.

By developing a deep understanding and awareness of yourself, and committing to constant evolution as a person, you are also opening yourself up to truly grow as a leader.

Self-examination is hard and flawed, and easy to put off when you are running a company.

A Coach can walk you through an assessment process and offer up questions and exercises that help uncover your strengths, weaknesses, motivators, limiting beliefs, fears, etc.

Kate’s Note: With over-working comes a natural deprioritizing of self. We’re so busy setting business priorities and moving the company forward that we neglect ourselves. Being able to effectively incorporate our personal lives – especially if you have things like families and children (!!) – makes hitting your desk every morning not only more productive, but more enjoyable.

There’s a difference between building a product and building a company.

While you may be a great engineer or product mind that thrives in the early days with a small team executing an MVP, scaling a team and a culture is a totally different ballgame.

A Coach can help you troubleshoot issues and see situations differently by asking quality questions. She can also help you identify and implement necessary changes to your behaviors or skills.

Lastly, if you need more convincing, Google launched data-driven Project Oxygen to figure out what their most successful managers do so well. As it turns out, being a good coach ranked first among eight qualities of great managers.

So, if you learn what coaching is all about, you’ll have the power to go forth and be a good coach to your own team. Think of it as a virtuous baton-pass — you learn to be a great leader and then pass it on.

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