According to the International Coach Federation (ICF), coaching is defined as a partnership with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential. Coaching is a client-driven process that’s distinct from other service professions, such as counseling, mentoring, consulting and training.
Coaching is probably one of the most—if not the most—individually tailored practices in talent development as it involves a close and confidential relationship between the coach and the client.
Coaching is not counseling or therapy. It does not treat past traumas or emotional problems. It is forward thinking and moving and focused on achieving well defined goals.
Coaching is a process that provides structure and insight towards achieving goals by way of unleashing ideas, seeing other perspectives, making sense of them, putting these ideas into plans and then taking actions. The client is at all times responsible for the plans and actions but also accountable to his/her coach.
Finance coaching is using coaching as a method to help people to achieve lasting financial well-being. A financial coach’s main objective is to assist clients to gain awareness of their financial situation, clarify their financial goals, come up with a step-by-step plan, support and challenge them to stay on track of the plan, adjust emotions and behaviours towards money, build sound financial habits, and improve financial well-being as a result.
We all spend money buying food, clothes etc., we all have income from work or some other source, we all live in a world where money plays a big role in our lives. Yet personal finance was not taught at school, we don’t want to talk about it, and we don’t pay enough attention to this all-important area of our lives. No wonder many of us hard working honest people are struggling with money, worried about money, living from pay-check to pay-check.
Even career-driven leaders and entrepreneurs who bring in the big bucks could be facing tons of stress in managing money and creating wealth. As income is only one component of many in personal finance.
With the support of a financial coach who has walked the journey to financial freedom, you will have a clear path moving forward into a better financial status. We will work together to solve your burning problems, achieving your financial goals, unleash your potential of earning, managing your money, improving your Financial Intelligence. You will become more confident and powerful. All in all, your financial coach will assist you to achieve lasting financial well-being.
Meeting one-on-one with senior managers or leaders within an organization (such as a director, vice president, president, or member of the C-suite), the executive coach provides a safe, structured, and trustworthy environment in which to offer support and challenge for the individual. The coach also helps the leader understand their current competencies, see how they’re perceived by others, and focus on identifying and clarifying current goals as well as the appropriate action steps to reach those goals.
A study by talent consultancy Korn Ferry of more than 200 of its executive coaches around the world found that senior leaders most need to work on their self-awareness and their interpersonal relationships.