Top 2 Reason Executives Fail Their Company

Posted on June 23, 2020 by Dr Michael Burks Jr, One of Thousands of Executive Coaches on Noomii.

So you’ve made it to the top. Now what? Since your arrival you have invested numerous hours, working capital, and focused energy on performing at your top level. Now with all eyes on you, as you shoulder the burden of guiding a company, it can be easy to lose sight of your purpose. Especially as you’re putting out fires instead of driving growth. And while you are the resident “Firefighter” you can easily start to struggle with focus, decreased desire, lack of clarity or direction.. for you and your company,

once this starts certain questions start to arise like; are your teams aligned and communicating the same language? Are you on the path to exceed your company goals? Are you regularly advancing and polishing your core processes? Are you losing capital due to ineffectiveness? Or, do you have a blossoming business that is taking you to the next level And what most top executives realize late is that your companies quality of life and culture is in direct comparison to the condition of its leadership.

If you find yourself in this position or on your way to it, you can be proactive and avoid a company downturn. Here are the top 2 things that can a lot of times, make a 2 mm shift and nudge you to entirely open new levels of success for you. Also, get your company back on track and create massive upward growth.

Reason #1: Not Hiring An Executive Coach
Executive coaching has long been used to develop key leaders, and as with any functional discipline, the profession of coaching has evolved over the years. Having a coach to help your professional career move forward makes perfect sense in today’s marketplace. Being that someone who will push you and hold you accountable can make all the difference to help you strive for success and never become complacent.

Executive coaches help with the obstacles that high-level professionals face and get them re-aligned for gain self-awareness, clarify goals, achieving their development objectives, unlock their potential, and act as a sounding board for issues that arise as they always do.

Struggle + Coach = Achievement
some of the most successful people in business have coaches that push and guide them to greatness,

While building her massive brand, Oprah attributes some of her success to her coach Martha Beck. Oprah’s even gone so far as showcasing various coaches to her audience over the years and recommending one for everybody.
The Denver Broncos star linebacker, Von Miller, has had issues with the law in the past. He got a coach to help turn his life around and since those low points, he’s now a Super Bowl champion
Leonardo DiCaprio spared no expense with his coach, going all the way to the top to Mr. Tony Robbins. his track record since the hiring of his coach makes it hard to argue with the results.
If these extraordinary individuals can see the benefit and value of having a coach at their disposal, why haven’t you hired one yet?

Reason #2: Lack Of Adequate Leadership Development
All key professionals know that an organization is only as good as the people it employs. As an organization grows, it becomes more complicated than to simply tell the HR department to just “hire the best people”.

That’s because leadership is no longer built from a command and govern model, but from developing relationship-based, mini partnerships throughout the entire organization and by engaging every single individual that is part of your business. This can only happen when your entire company is singing from the same sheet of music. And if you cant get them on the same page, the impact to your company will show in your bottom line.

Not surprisingly, 58% of organizations’ top priority is closing leadership skill gaps. 83% of organizations say it is important to develop leaders at all levels, but only 5% have fully implemented development at those levels. And 25% of organizations say less than 10% of critical leadership positions have ready and willing successors. more money is spent on leadership development than any other area of corporate training, yet 71% of organizations do not feel their leaders are able to lead their organization into the future. These statistics are scary to the executive who understands that his companies future is dependent not only on himself but on the quality of leadership he employs.

“The Growth And Development Of People Are The Highest Calling Of Leadership.” Harvey S. Firestone
In your HR department’s defense, excellent people have been placed on teams. It’s just how that team interacts and performs makes a world of difference in the companies impact. That’s why you as the company owner should invest in quarterly leadership development. Hiring a leadership coach can help make sure your teams are balanced, accountable, open, and demonstrates an overall sense of emotional intelligence.

Whew. Now that we know all this, How do we use this information to put a wedge between your company and the impending obstacles it will face? Well for the one you need to stop being an operator of your business and start being a bona fide owner by equipping yourself and your team with the tools to function at peak performance with the support of business and executive coach

With me as your executive coach, you become a more effective and self-aware leader. You will be able to build more confidence with your employees and create a massive internal culture. You will learn to identify the obstructions that could be costing your business multiple figures in the capital and also discover viable solutions to close any and all gaps in communication.

Till the next time, Talk to you soon,

Michael Burks