ChatGPT's OpenAI and top coaches reveal the best strategies to transform your business

January 06, 2023

Welcome to the first issue of the Business Building series, where we'll be exploring the world of CEO business coaching.

As leaders, it's important to continuously learn and grow, and seeking guidance from experienced coaches can help us achieve our goals and take our businesses to the next level.

In this series, we'll be comparing three prominent coaching methods: Verne Harnish's Scaling Up Method, Matt Mochary's Mochary Method, and Gino Wickman's EOS Method.

Matt Mochary is a well-known coach in the tech industry, having worked with some of the most prominent CEOs in Silicon Valley. His clients include Sam Altman, CEO of OpenAI, the company known for developing the revolutionary ChatGPT technology.

Verne Harnish's Scaling Up Method helps leaders focus on long-term strategy and building strong teams, while Gino Wickman's EOS Method teaches CEOs how to effectively run and grow their businesses.

In the coming issues of this series, we'll be delving into the specific techniques and approaches used by these coaches, and how they can help your business succeed. Stay tuned for more insights on how to navigate the world of CEO business coaching.

Estimated read time: 3 minutes

Business Building

But first, what is business building coaching?

Business coaching is a type of coaching that focuses on helping business leaders and entrepreneurs achieve their professional goals.

Business building coaching is a specific subset of business coaching that focuses on helping business owners build and grow their businesses, rather than just managing them. Business building coaching may involve working with clients on things like Leadership, strategy, marketing, sales, finance, product development, and other areas that are essential for building and scaling a successful business.

There are many prominent business coaches who have developed their own methods and approaches for helping business leaders achieve their goals. Some of the most well-known names in the industry include:

  1. Verne Harnish: Author of the book "Scaling Up," Harnish's method is called: Gazelles Growth Institute's Scaling Up framework.

  2. Matt Mochary: CEO coach and author of "The CEO Within," and Mochary's method.

  3. Gino Wickman: Author of "Traction," Wickman's method is called: Entrepreneurial Operating System (EOS).

  4. Jim Collins: Author of best-selling books such as "Good to Great" and "Built to Last," Collins method is called: The vision Framework.

  5. Michael Gerber: Author of "The E-Myth Revisited," Gerber's method is the "E-Myth approach to building and growing a small business"

  6. Michael Hyatt: Author of "Your Best Year Ever" and "Platform," Hyatt's method helps leaders set and achieve big goals through a structured planning process.

  7. David Finkel: Co-founder of the Scaling Up Business Growth Workshop and author of "Scale: Seven Proven Principles to Grow Your Business and Get Your Life Back," Finkel's method helps businesses achieve growth through a focus on planning, execution, and leadership development.

Real-Life Examples

Read this article on how the Mochary method is applied at tech firms in the US.

Here is a summary from the article and his LinkedIn profile that shows why he stands out of the list.

Matt Mochary is a coach to more than 30 prominent CEOs in the tech industry!

Some of his clients include:

  1. Sequoia Capital Growth Fund: Coach to Pat Grady and Alfred Lin

  2. Benchmark: Coach to Peter Fenton

  3. Greenoaks Capital: Coach to Neil Mehta

  4. OpenAI: CEO Coach to Sam Altman

  5. Coinbase: CEO Coach to Brian Armstrong

  6. Reddit: CEO Coach to Steve Huffman

  7. Brex: CEO Coach to Henrique Dubugras and Pedro Franceschi

  8. Flexport: CEO Coach to Ryan Petersen

  9. Sonder Inc.: CEO Coach to Francis Davidson

  10. Faire: CEO Coach to Max Rhodes

  11. Kleiner Perkins: Coach to Mamoon Hamid

  12. Postmates Inc.: CEO Coach to Bastian Lehmann

  13. Opendoor: CEO Coach to Eric Wu

  14. Olaf Carlson-Wee, Founder of Polychain Capital: Coach to Olaf Carlson-Wee

  15. Clearbit: CEO Coach to Alex MacCaw

  16. AngelList: Management Coach to executive team

  17. Bolt: CEO Coach to Ryan Breslow

  18. Bryan Roberts of Venrock: Coach to Bryan Roberts

Based in Hawaii, He began coaching in 2012 and initially worked pro bono, but later accepted equity in his clients' companies and now charges a fee to fund software development.

Mochary's approach to coaching focuses on helping young CEOs become better managers, feeling more comfortable in their roles, and finding professional joy.

He also emphasizes the importance of hiring a chief of staff and giving them full access to the CEO's information and meetings in order to fully understand and support the CEO's thinking and decision-making process.

Mochary has recently started a software company, Mochary Method, to spread his coaching lessons interactively across organizations.

If you look at some of the names in the list above, you'll realize that we are talking about one of the most prominent business coaches in history.

How we applied and tailored the methods?

That would be in next issues of the series.

You can apply this

When selecting a business coach, there are a few key factors to consider:

  1. Expertise: Choose a coach who has a strong track record in the area you need help with. For example, if you're looking to improve your marketing strategy, choose a coach with experience in marketing.

  2. Approach: Consider the coaching style that will best suit your needs. Some coaches are more directive, while others are more collaborative.

  3. Cost: Determine your budget for coaching and choose a coach who fits within it. Don't be afraid to negotiate fees if you feel they are too high.

  4. Chemistry: It's important to work with a coach you feel comfortable with. Schedule a consultation or meeting with a few different coaches to see who you feel the most rapport with.

  5. Referrals: Ask for referrals from trusted colleagues or business associates. This can give you an idea of the coach's reputation and the results they have achieved with other clients.

TLDR

In this series, we will be exploring the top business building strategies from coaches like ChatGPT's OpenAI, starting with a focus on Matt Mochary and his techniques for helping tech CEOs find success and joy in their roles. Stay tuned for more on the specific techniques and examples of how they have been applied in successful companies.

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- Luqman