Essential Tools for Career Transition

In today’s episode, I describe how coaches mentors and masterminds can support your career transition.

[fusebox_track_player url=”https://traffic.libsyn.com/secure/physiciannonclinicalcareers/How_Do_I_Choose_the_Best_Coaches_Mentors_and_Masterminds_for_Me.mp3″]

My first mentor was an internist I met through my volunteer work in continuing medical education at my hospital and state medical society. He encouraged me to pursue a career in hospital management.

What Is a MENTOR?

Here are a few characteristics of a mentor:

  • Volunteer
  • Informal
  • Infrequent
  • Self-selected
  • Growth-oriented
  • Directional / Gives advice

Our Sponsor

We’re proud to have the University of Tennessee Physician Executive MBA Program, offered by the Haslam College of Business, as the sponsor of this podcast.

The UT PEMBA is the longest-running, and most highly respected physician-only MBA in the country. It has over 700 graduates. And, the program only takes one year to complete. 

By joining the UT Physician Executive MBA, you will develop the business and management skills you need to find a career that you love. To find out more, contact Dr. Kate Atchley’s office at (865) 974-6526 or go to nonclinicalphysicians.com/physicianmba.

What Is a COACH?

Coaching is generally a more formal situation. Characteristics of a business or career coach include:

  • Paid service
  • Formal relationship
  • Regular schedule
  • Less directive
  • Goal-oriented

What are the differences between a mentor and a coach?

  • Growth-oriented vs. goal-oriented
  • Unpaid vs. paid
  • Intermittent and infrequent vs. regularly scheduled
  • Ongoing vs. time-limited

What Is GROUP Coaching?

  • Similar to coaching, but with multiple clients
  • Less costly to purchase
  • Ability to reach more clients and have a bigger impact

Coaches Mentors and Masterminds

My first experience with a mastermind group grew out of my experience with executive coaching. Every month or two, all of the senior executives at the hospital where I was CMO would dedicate one of our scheduled meetings to a special session. During that session, one of the C-suite executives would take the metaphorical “hot seat.”

Once there, the facilitator/coach would start by asking the subject to describe the major challenge in their job that they wanted to discuss. Then the rest of us would spend the next 20 to 30 minutes asking questions to obtain clarity about the problem. Then we’d explore what had been tried already to resolve it.

We would ask probing questions. Ultimately, the subject on the hot seat would define the next steps based on insights and ideas inspired by the group.

It was amazing how often this erudite and accomplished person could find solutions through the mastermind that they had previously been unable to discover on their own. The mastermind never failed to generate new ideas and instill a level of accountability that was otherwise not attainable.

Characteristics of a mastermind group:

  • A concept described by Napoleon Hill and others since the 1940s
  • Used mostly by business leaders and entrepreneurs to create breakthroughs and accelerate their success
  • It requires a facilitator
  • It can be done in a variety of formats
    • Monthly meetings for months to years
    • Weekly or biweekly for a shorter duration
    • Larger groups over a weekend retreat
    • Face to face or online
    • Some are free – many are paid 
  • Benefits
    • Peer accountability
    • Brainstorming
    • Support
    • Networking
    • Real-time education
    • A catalyst for success

Summary

Coaches, mentors and masterminds can be used to accelerate career transition. Each has its strengths. And there is nothing wrong with using all three. In fact, they can be complementary to one another.

If you’d like to join my next Nonclinical Mastermind Group, you can learn about it and join the waiting list at nonclinicalphysicians.com/mastermind.

NOTE: Look below for a transcript of today’s episode.

Links for Today’s Episode:

Download This Episode:

Right Click Here and “Save As” to download this podcast episode to your computer.

If you enjoyed today’s episode, share it on Twitter and Facebook, and leave a review on iTunes.

Podcast Editing & Production Services are provided by Oscar Hamilton

[fusebox_transcript]
Disclaimers:

Many of the links that I refer you to are affiliate links. That means that I receive a payment from the seller if you purchase the affiliate item using my link. Doing so has no effect on the price you are charged. And I only promote products and services that I believe are of high quality and will be useful to you.

The opinions expressed here are mine and my guest’s. While the information provided on the podcast is true and accurate to the best of my knowledge, there is no express or implied guarantee that using the methods discussed here will lead to success in your career, life, or business.

The information presented on this blog and related podcast is for entertainment and/or informational purposes only. I do not provide medical, legal, tax, or emotional advice. If you take action on the information provided on the blog or podcast, it is at your own risk. Always consult an attorney, accountant, career counselor, or other professional before making any major decisions about your career.