Updated: Oct 16, 2019
Characteristics of a good cash flow coach?
Good coaches are focused, disciplined and engender accountability. They are transparent in their communications and believe their role is to assist the client in gaining the skills and knowledge they require to achieve their potential and goals.
A good coach believes that people want to improve and grow. They also recognise they don’t have all the answers, and their role is to facilitate the learning journey – not write the journey.
Interestingly, it’s the things that good coaches don’t do that sets them apart and make them successful. These include:-
Does not look for praise – a good coach knows that their clients have to take responsibility and become self-accountable. The adjunct is that they should pat themselves on the back for achieving goals (whilst recognising the coaches input and guidance).
Knows when not to coach – sometimes people just need to be told. Whilst definitely not the first approach, when used sparingly, a decent push can put a client in a better position to move forward from.
Does not expect too much – the problem with establishing targets that should be readily achievable is the client’s reaction if they are not achieved. They can become disgruntled, lose hope and give up. It’s not how long the journey takes; it’s the destination that is important.
Does not start to dictate – some clients want to be told what to do and will obediently comply with the directions they are given. However, good coaches know this is superficial and that outcomes from a dictatorial approach are generally short-lived. The client needs to be in the driver’s seat.
Does not become impatient – good coaches always understand it is the client’s journey – not theirs.
Does not hide from the truth – there will be times when clients rationalise their behaviours and ‘gloss over’ the truth. They will focus on the wins and the good positive behaviours and put aside things that need to be addressed. A good coach will recognise this and bring these areas back into the conversation and plans.
Does not allow little issues to become big issues – a good coach can pick up on the small things during client conversations and interactions. Things that on the surface are not of concern or priority, but can lead to issues down the track. This ability can be a great benefit as prevention is easier than a cure.
Cash flow coaches develop a lot of techniques and have a number of tools in the kitbag that promote positive and worthwhile outcomes for clients. The trick is knowing when and when not to use them.
elevateB provides the training program as well as support and ongoing development of certified cash flow coaches. Individuals who choose to work with a certified cash flow coach are better placed to achieve financial independence and security. If you would like to make a difference and help everyday Australians be more financially prudent and savvy, consider becoming a cash flow coach today. Click here.