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Article #125: Speakers, Trainers, Consultants and Coaches Make 21 Mistakes That Sabatoge Their Careers, #1

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Are you Dabbling in the Four Disciplines? make sure that knowledge has been
Our industry offers four different absorbed to whatever degree the client
professional roles to choose from -- and has asked them to attain. If the trainer
making the right choice is crucial to does a good job, then the likelihood of
your success. In this article, we'll being asked to come back and do more
describe four types of private practices training is very high. Also, since
-- Speaking, Training, Consulting and trainers focus on longer programs than
Coaching and explore the pros and cons -- speakers -- routinely conducting programs
and earnings potential -- for each. ranging from a full day to an entire week
We'll discuss the dangers of dabbling and -- trainers tend to be more content-rich.
take a personal inventory of its impact If they choose to focus on
on your future. mission-critical topics like sales,
"Dabblers are rarely DO-ers and DO-ers leadership and customer service, trainers
are rarely dabblers." have an even greater opportunity for
One of the things that people in our repeat business with their clients. When
industry have in common is that many of a corporate client finds a trainer they
our business cards say that we are a love and a training program they love,
"Speaker, Trainer, Consultant, Coach". then they are going to continue to use
Some may choose just two or three of that program and that trainer in whatever
those identifiers, but more and more are frequency they need it done. In addition,
putting ALL 4 or even MORE. In addition training engagements generally feature
to Speaker, Trainer, Consultant, and far more billable hours in the
Coach we also have Author, Facilitator, customization process prior to and the
Counselor, Lecturer, Professor and a reinforcement program following the main
growing litany of others. Its amazing training program. A trainer markets
the kind of creative labels that some their programs as much as they market
people have put on their cards, but the themselves and building a successful
four basic disciplines in our industry training practice requires a very
are Speaker, Trainer, Consultant and different approach than the route taken
Coach. by speakers.
Over the more than two decades we've been Consultant -- A Consultant is an
working with human development individual with very specific knowledge
professionals, we've discovered that the and skills, who is brought in to serve as
people who achieve success in our an adjunct to a client's management team.
industry are the people who entered the They are contracted to work on a
profession with a very clear picture of particular project, deal with a
who they are and what they were trying to challenging issue, serve in an advisory
do. We believe it is such a critical capacity, or complete a specific task,
factor to their success that it has but one way or another, consultants are
become central to the work we do with our brought in to DO something. Once that
instructors and instructor candidates. As something is done, the contract ends.
someone progresses through the pre-work While consultants may travel to a
for becoming certified in the destination anywhere on the planet, once
MasterStream Method, we help them explore they arrive, they are there for the
the differences between the four duration of the contract, so in their
disciplines in vivid detail, and before daily routine, they stay pretty local to
their certification is over, each where they landed. The challenge with
newly-certified professional has to make consulting (and coaching for that matter)
a personal choice as to which one of them is that you are trading time for dollars.
he or she favors. Likewise, the success As a trainer or speaker you develop one
you will achieve and the speed at which program and you can keep doing it over
you will achieve it depends on you and over, but the work you do as a
understanding the choices -- and making consultant is unique to each specific
the one that is best for you. client more often than not. But the
So your first step -- whether you are biggest problem with building a stable
embarking on a new career or trying to and successful consulting practice is
take your existing business to a new that during the time the consultant is
level -- is to distinguish between the working with a particular client, they
various roles you can serve. Keep in mind don't have or take the time to continue
your background, skills, experience, and marketing themselves. The longer the
goals when making your evaluation. Your contract, the longer the period of
choice will establish a basis on which unemployment that follows. Feast or
you will focus your business strategy and famine is the reality for most
marketing plan. consultants.
Let's take a closer look at each of the Coach -- Coaches work primarily with
professional roles and explore some of individuals on a one-on-one basis to
their pro's and con's: pinpoint areas in which they might be in
Speaker -- A Speaker is someone who need of attention and focus their energy
travels frequently on a national or even on helping their clients take care of
international basis, stands in front of a whatever their issues happen to be.
large audience for a relatively short Within the realm of coaches, you will
period of time, delivers an upbeat find a broad range of levels of intensity
message, and gets paid a substantial and involvement from "life coach" to
amount of money for doing so. On the "performance coach." Whether the
downside, as the audience gets bigger, individual is trying to better understand
the chance for meaningful audience themselves, to set meaningful goals, to
contact suffers -- and regardless of the be held accountable or to develop greater
quality of work they do, when they step skills, a coach could be the perfect tool
off stage they are generally unemployed. for the right client. In general terms, a
That's the nature of the beast for being coach is a professional who is working
a professional speaker. In order for a with an individual to deal with specific
speaker to fill 100 days of billable areas of need. It is certainly possible
services over the course of a year, he or for a coach to do more of a group kind of
she is going to need to have the better thing, maybe a small cluster of 3 or 4
part of 100 different clients. They may people, but by and large what they are
have the occasional client who will bring doing is just for those specific people.
them back again, but in all likely hood As a result, the likelihood that these
the intervals between those engagements clients will become large contracts is
is going to be measured in months or low because they are dealing with
years before someone will be brought individuals. Coaches have very little
back. To make matters worse, the Speaking need to travel and can work very
profession is the one most susceptible to effectively with their clients over the
changes in the economy and, as the events telephone. But, while a coach's goal is
of 9/11 clearly demonstrated, changes in to build a rather small pool of lifetime
the marketplace's willingness to travel clients, the truth is that most people
to or sit in a large public venue. While who seek out the guidance of a coach do
speakers command a seemingly large fee so for a much shorter period, generally a
for their services, their total income few weeks to a few months. Creating a
divided by a 40-hour workweek normalizes stable and consistent income stream
their actual earnings. For example, a proves to be the coach's greatest
speaker with two $5,000 engagements per challenge since the hourly rate tends to
week is actually making about the same as be lower than that of any of the other
a consultant billing themselves out at three professional roles and the coach
$300 per hour. Finally, to develop a must collect their fees from an
successful career as a speaker requires a individual rather than an organization.
very specific marketing plan, very Perhaps the biggest problem that people
specific marketing tools, a very in our industry face is dabbling in these
marketable "main stage" image and a lot four roles and not focusing on just one
of time "paying your dues" before your of them. If someone were to focus their
reputation earns you access to the energy on one of these roles, they have a
bureaus and meeting planners who in large much greater chance of becoming
part control the pool of potential successful in that discipline. But if you
bookings. start to spread your energy across
Trainer -- A Trainer spends considerably multiple and very different roles then
less time in airplanes and rental cars, you are also spreading out your marketing
and can build a very tidy practice while resources too thin to have any real
staying relatively close to home. They impact, and you are also confusing the
spend more time with a smaller group of market place as to what it is that you do
people and have an opportunity to get to and what it is that that they can call on
know their students more intimately as you for. By putting your time and energy
they share practical information with into just ONE of these four areas, you
their audiences. The goal of a trainer is will find that success is a much easier
to impart a body of knowledge, and to summit to reach.






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