88. When You Should Coach & When You Should Mentor Your Clients

Business Advisor Podcast

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3M ago 8:10

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Welcome back to the Business Advisor Podcast. This week we’re kicking off a brand-new series: The Soft Skills of Advisory. This series is all about the skills that go beyond technical expertise—the ones that help you build trust, deepen relationships, and truly impact your clients' lives.

In this episode, I dive into one of the most foundational soft skills for advisors: knowing when to coach and when to mentor. These two approaches are often confused, but understanding the difference gives you the confidence to guide your clients more effectively.

Coaching is future-focused and non-directive and empowers clients to find their own solutions through thoughtful questioning. Mentoring, on the other hand, involves sharing your experience and offering guidance based on what’s worked before.

I also introduce a simple yet powerful tool called the GUIDE Framework, which helps you decide in the moment whether to coach or mentor. It stands for:

- G: Goal vs. Guidance

- U: Uncover vs. Understand

- I: Independence vs. Instruction

- D: Discovery vs. Direction

- EE: Elicit vs. Equip

This framework makes it easy to switch between coaching and mentoring fluidly and intentionally during advisory sessions.

Key Takeaways

1. Coaching empowers clients to find their own answers.

“Your job when you're coaching is to guide those answers to the surface.” - Amanda C. Watts

2. Mentoring involves offering insights from your own experience.

“You're not delivering a lecture—you're offering guidance based on what’s worked before.” - Amanda C. Watts

3. Knowing when to coach versus mentor builds advisor confidence.

“By understanding the difference between mentoring and coaching, you gain the confidence to handle any situation with clarity.” - Amanda C. Watts

4. The GUIDE Framework helps advisors choose the right approach in real time.

“Run your conversation through GUIDE—it’ll help you make the right call in the moment.” - Amanda C. Watts

5. Great advisors flex between coaching and mentoring within the same session.

“A big part of being a great advisor is learning to switch gears consciously and confidently.” - Amanda C. Watts

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88. When You Should Coach & When You Should Mentor Your Clients

Business Advisor Podcast

published 3M ago