Take Your Game to the Next Level – Get a Coach
by Terri Eyden on
By Gary Adamson, CPA
What do you think of when you hear the word "coach?" For most of us, it brings up thoughts of athletics and someone who has coached a team that we have been a part of or maybe one that we follow as a fan. If you had the opportunity to play on a winning team and worked with a great coach, especially in your younger years, you won't forget it. That individual was likely a positive influence in your life who you'll always remember.
You'll find several definitions of coach or coaching in the dictionary, but here is what good coaches really do: They help you perform at a higher level than you can achieve on your own. How do they do it? They do it by using a very personalized combination of support, encouragement, teaching, and discipline.
Think about great coaches in your past. They pushed you, they were tough on you, they expected a lot out of you, they disciplined you when you needed it; and, at the same time, you learned a lot from them, they were there for you, and when you excelled, they were your greatest cheerleader.
Most of us think of coaches in the context of team sports. But, there are also many athletes who compete individually rather than as part of a team. The high achievers still have one thing in common – a personal coach to push them to their potential. A great example is the relationship that existed for many years between Tiger Woods and his golf coach Hank Haney. We just respond to an outside influence much better than trying to do it on our own, especially when that person is able to establish the right connection with us.
Given what we already know about coaching, it would seem logical that we could also expect a similar experience in the business world. Wouldn't it be great to work with someone who provided that combination of support, encouragement, and discipline? Someone who really cared about our success and performance?
Unfortunately, that's probably the exception rather than the rule. It's particularly true in accounting firms filled with technically competent people who, for the most part, would rather not have to supervise and deal with people at all. We've all worked with bosses, supervisors, managers, and buddies, and if we're lucky, mentors. But rarely do we have an opportunity to work with a coach.
Leaders in accounting firms are prime candidates for a coaching process. Does this sound like you? You're busy taking care of your clients, working hard, and meeting deadlines. You don't get a lot of direction or guidance from the firm, but that's okay. You either don't have any personal goals, or if you do, they only see daylight once a year. No one is pushing you and things are going pretty well (as far as you know). Life is good. What I've just described applies to most partners and leaders in accounting firms. It's important at this juncture to make the point that there's absolutely nothing fatal about this. Firms and partners cruise along, almost on auto pilot, and they survive.
But here are the tough questions that we need to answer: Is survival going to be enough, especially given the recession that we're emerging from? Are you maximizing your potential? Are you even playing the right position on the team? Is the team taking full advantage of your skills and helping you develop them? Why shouldn't we focus on making our best players even better?
If you agree that a coaching process would make a difference in your firm, where do you start? How do you create the coaching environment? Here are a few tips:
Find your coach. What are the qualities of the best coaches you have come in contact with, and what do you remember most about them? You know it when you see it. The reality is that it takes a special person who combines the traits mentioned above and who wants to do it. There may not be a lot of great candidates, if any, in your firm. Perhaps it's your managing partner. But often, that person doesn't have the right skill set.
Your coach probably won't be your direct supervisor, and it doesn't have to be someone you work closely with every day. Don't be afraid to go outside the firm to find the right person – that may be your best choice.
Define the goals. First, do you know what the overall firm goals are for the year? What are your personal goals? Is there alignment? How can you make the best contribution to the overall success of the firm? If either firm or personal goals don't exist, you need to start there and create them. What are your strengths that, with some coaching, you can take to the next level? Follow the KISS (keep it simple) approach. That means don't have more than two or three goals to work on with your coach at one time.
Start at the top. One of the most important roles in every firm is managing partner. Who coaches him or her? The answer in most firms is no one. It's even more critical if he or she is relatively new to the job. Start there – get your managing partner hooked up with a coach. This coach, to be most effective, should be outside the firm.
Be disciplined. Decide the frequency of the coaching sessions, get them on the calendar, and stick with it. Make them sacred time. My advice is that sessions should be either once a month or, at the outside, every six weeks. Bimonthly or quarterly isn't enough. The whole point of coaching is to have an active, current dialogue that will help you work through issues, stretch for goals, and be held accountable. If done well, it's a disciplined process that you'll use to help you find focus and improve your game.
Use these key words to guide you. I suggest that you keep these words in front of you (seriously, write them down on something) and that you use them to help guide you through the process. Give them to your coach. Your relationship with your coach will span all of these. Take advantage of them.
- Safety net
I was fortunate to have the opportunity to work with two different coaches during my tenure as the managing partner in a CPA firm. I learned a lot about myself, and there's no question that I achieved more for me and for the firm as a result of the process.
Coaching for you and your firm leadership may be just what the doctor ordered in this tough economy. It really is foundation work for your firm that you can use to improve performance. Individual, incremental improvement will add up to significant improvement for your firm.
Words from the great Vince Lombardi sum it up: "Perfection is not attainable, but if we chase perfection, we can catch excellence."
About the author:
Gary Adamson is the President of Adamson Advisory, specializing in practice management consulting for CPA firms. He is an Indiana University graduate and has extensive hands-on experience as the recent managing partner of a top 200 CPA firm. He can be reached at (765) 488-0691 or firstname.lastname@example.org. For more about Adamson Advisory, visit www.adamsonadvisory.com or follow the company at www.adamsonadvisory.com/blog and www.twitter.com/adamsonadvisory.
You may like these other stories...
You have a big presentation forthcoming that might enable you to land a huge client for your firm. Are you sufficiently relaxed to be at your best? Let me offer a story and some observations that drive home a crucial point....
Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results of a new survey released...
Renaissance avoided more than $6 billion tax, report saysThe Senate Permanent Subcommittee on Investigations said on Monday that a Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6...
Upcoming CPE Webinars
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
FRF for SMEs Series--Measurement and Disclosure Principles for various Consolidations and Business Combinations, Part 4B
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.