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The economy goes up and down like a see-saw.

Right now, it’s not doing so well. In fact, most would say it has tanked in many sectors.

Managing your costs is important to your growth and survival, and

when the economy is performing poorly, it is even more of a challenge.

Experts say that 58% of companies have a shortfall in leaders and many companies are actually cutting their development budget as part of their cost cutting measures.

Before you make that cut, you might want to think long and hard about whether that’s the right

choice for your business.

When you take development away from the executives, it can be

detrimental. Leading is actually special skill. A key leader can find a business coach a very

helpful tool to navigate through the storm and continue to grow and prosper.

Business Coaching and its Effects

Chances are more than 50% of your staff could benefit from business coaching and actually

become motivated and energized again with a focus and a goal. Executive coaching involves

working with the leaders of your company. These should be the people that are running in high

gear.

There are some key points where an executive coach can help leaders.

* Polish and fine tune their leadership skills

* Grow their leadership style

* Recalibrate what the success metrics look like

* Learn how to navigate through the times that are uncertain

* Lead teams with more motivation and power

The program that your business coach or executive coach puts together will be customized to

the needs of your team and your leaders.

Even leaders who are new to your team can find business coaching very beneficial.

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