The 5 Principles of Power - with a Business twist

Last week, I met with Brian Tracy at a meeting we call the San Diego Summit. This is a meeting that happens every 6 weeks and it is focused on 1 thing. How can FocalPoint coaches continue to be recognized as the elite Business Coaches we are?

Given the optics on the current political process, with Obama beating Hillary, and the next Election looming, our discussion took an interesting turn.

What is Power, how is it achieved and how can we apply that to Coaching? Ultimately, from what we know of "Power" how can we help business owners?

Brian outlined the 5 points of Political Power. I was writing fast and I missed the author he quoted. If you know who it was/ is, please let me know – we have to give him credit!

From my furious notes, the points were as follows:
1.Power rises to fill a vacuum. In Coaching, we look for he vacuum that’s been created by missing business systems, low profits or owner frustration

2.Power is personal. And so is Business. If you’re in business, its’ not for Business sake – it’s so that you can have something else in your life. As coaches, we hear that owners want freedom, time, and choice.What is your "WHY" for being in Business?

3.Power arises on the basis of a philosophy. That’s a big statement. Is your business philosophy to be excellent? To be the low cost provider? To dominate your market? We only work with high performers – is that a philosophy? We believe in the right of everyone to make a profit – that’s a good philosophy. What is yours?

4.Power arises with Institutional Support. It needs big, ingrained organizations to support it. In the case of the Democrats, they draw on the unions. As Business Coaches, we’re capitalists, so Unions don’t really line up with us. But Banks and Lenders do, Trade Associations do, Accountants and Lawyers do. Does the field of Business Coaching have institutional support? Judging from the amount of referrals we get from the industries mentioned above, I’d say we definitely have that support!

5.Power is always the power to do something – to enable someone to DO something. Business Coaching gives a new level of power to the Decision Maker. The Owner or Chief Executive gets the power that comes with a smooth running operation.

This conversation was an interesting part of our Summit, and a great warm up exercise to keep all 4 of us thinking like Entrepreneurs. Focused on the future – that’s’ where we’re going!

Thanks for checking in. If you have any thoughts or questions, or know the author of the 5 principles of power, let me know!

Thanks,
Steve Thompson, President,
FocalPoint Coaching, powered by Brian Tracy.