June 24th Coaching Tip: Review Expenses Quarterly.
Take time quarterly or at least every six months to review all of your expenses. This one habit, done every 90 days, will help you manage your budget and may free up a bit of cash that was once unavailable. For example, I noticed that my ATT internet rate jumped from $50/mo to $70/mo. And another subscription jumped from $10 to $20/mo. As I investigated other options, I realized that I could get 3X’s faster internet service for $50/mo for up to three years AND it lowered my iPhone mobile bill by $10/mo, too. I made the switch over a couple months. Question is: was it worth it. Yes it was. $30/mo is saved over a three year period for my internet and iPhone, and the other subscription save $10mo/, which equals $1,440 over three years. Plus, I have much better and faster service.
If you found nearly $1,500 laying on the ground, I’m confident you would quickly grab it. It took a couple phone calls, approx. two hours of my time on these phone calls and then self-installing the new internet. Check those expenses quarterly to understand your budget. It’s like paying yourself.
June 25th Coaching Tip: Embrace Cancellations.
What the heck does embrace cancellations mean? When I have a coaching appointment that postpones or cancels, I embrace that opportunity of 30-60 minutes to get work done that had been getting pushed back. For example, I had a list of over 25 colleagues to reach out to who wanted coaching. Because I had a couple cancellations today, I was able to focus on these 25 and reach out to them. The targeted effort worked, and many of the 25 responded quickly to set up time in July. Embrace cancellations; it can lead to other opportunities to help/coach others.
June 26th Coaching Tip: Coach or Consult.
There is a clear difference between coaching and consulting. Coaching is viewing your client/colleague as an equal partner, who does have the answers. These answers can many times be brought out of the client by the coach remaining present and curious, asking thoughtful questions. Consulting is listening and learning and then leaning in to giving advice and an opinion. Knowing the difference as a coach is important for me and my clients. Many times during the end of a coaching session, the client will look for reinforcement by asking, “am I on the right track…thinking about my plan correctly?” And then some are more direct, “what advice would you give me?” As a coach, it’s important to remain in the coaching mindset. However, if I do switch to consultant mode, I try to let them know that I’m doing that, by using the phrase, “let me take off my coaching hat and put on my consulting hat.” That slows me down, it also lets them know I’m doing it too. Know the difference between coach and consult mode. (Note: even when people receive advice, they go ahead most times and do what they want or what they are comfortable with. So be wise and infrequent when giving advice.)

