The Intersection of Psychiatry and Business Coaching: A Growing Trend 

by | Nov 21, 2023 | Coaching

Building strong, resilient leaders with the skills necessary to battle fatigue and burnout while embracing creativity requires expertise and a focus on mental wellness. The intersection of psychiatry and business coaching is more than just an emerging trend. It’s a necessity that could help leaders develop mental fitness, cope with stress, and ultimately achieve success.

The world has been grappling with a worsening mental health crisis for many years. That crisis was accelerated by the COVID-19 pandemic and the increasing pressure to survive as well as succeed. Although mental health in the workplace is a growing conversation, it is one that often fails to consider the effects on leadership, entrepreneurs, and executives.

As psychiatry and business coaching converge, it brings an increasing awareness of how professional success and mental health are connected. In the face of an increasingly competitive world and an ever-accelerating pace, more individuals are recognizing the value of psychiatrists in business coaching.

Let’s explore the intersection between psychiatric support and the improved ability to navigate the challenges inherent in the business realm.

Psychiatrists for Business Coaching

In 2022, Deloitte conducted a survey among employees and executives in the United States, United Kingdom, Australia, and Canada. Data showed that 70% of executives have considered turning in their notices and calling it quits. Resetting their emotional balance in the face of feeling symptoms of burnout was the leading reason respondents considered leaving their jobs. Although executives and employees felt most symptoms in equal measure, leaders reported feeling more lonely, overwhelmed, and depressed.

Facing those types of symptoms while trying to lead an organization can pose a seemingly insurmountable challenge. For many entrepreneurs, CEOs, and C-suite executives, staying on top means continuing on the path they have been traveling. However, with the proper tools, it’s possible to regain improved mental health to improve business performance.

Your Next Act’s founder, Manuel Astruc, M.D., is a board-certified psychiatrist who has spent decades coaching entrepreneurs and executives. His experience and expertise give his team first-hand knowledge of the powerful tools that a psychiatrist brings to the coaching arena.

Addressing Mental Health Concerns

Entrepreneurs, CEOs, executives, and leaders at every level are grappling with unprecedented challenges. Business is no longer a simple endeavor. Today’s leaders are wading through supply chain disruptions, inflation, the threat of an economic recession, employee retention issues, and so much more. It’s little wonder that mental health is at a precariously low point for so many people in the workplace.

Psychiatrists in coaching are perfectly positioned to help individuals deal with some of the conditions that could be at the root of their challenges. Biological roadblocks to success could include depression, anxiety, addiction, ADHD, and other mental health conditions. By combining psychiatry and business coaching, individuals can cope with their mental health and work on their mental fitness simultaneously.

Focus on Self-Awareness

Self-awareness is critical for business success. It allows you to make sounder decisions and view circumstances objectively. Executive coaching helps individuals better understand their habits, traits, personalities, strengths, and weaknesses. Executive coaches encourage self-reflection and recommend exercises that help illuminate patterns in both behaviors and thoughts.

The resulting self-awareness helps leaders relate to their employees, their clients, and their peers more effectively. It’s like the secret sauce that allows executives and entrepreneurs to lead with authenticity, to understand their biases, and to manage their emotions.

Managing Stress and Resilience

Starting, running, and leading a business is often exhausting. Data collected in 2022 reveals that more than half of all leaders report high levels of stress, with 62% of that stress related to work. This can have a detrimental impact on productivity and focus, potentially worsening the scenario and creating more stress.

Psychiatry and business coaching share their ability to provide coping mechanisms. Stress can also play a contributing role in burnout, depression, and an impaired immune system. With coaching, individuals can understand how they respond to stress. This allows them to identify their mental and physical reactions in the face of triggers. It also improves their ability to manage their moods, energy, thoughts, and responses. A skilled coach can help teach clients how to manage their stress and view circumstances with a broader lens. Ultimately, it aids in creating long-term change and greater resilience.

Enhancing Leadership Skills

Even someone considered a natural-born leader can benefit from having support and an impartial third party to discuss ideas with them. Executive coaching can help provide that and more. For example, coaching with Your Next Act focuses on performance and achieving a flow state. This can help leaders push past barriers, immerse themselves in their tasks, and achieve peak performance. It can also help unlock individuals’ potential, both in and out of the office.

It transforms and enhances leadership skills at every phase of the journey. The skills necessary to succeed with a startup are different than the skills a CEO needs to manage a company that has grown to enterprise level. Executive coaching helps support shifting and evolving according to the changing needs of the business. It helps enhance communication, emotional intelligence, critical thinking, decision-making, and all the elements that go into effective leadership on a granular level.

Overcoming Psychological Barriers

With psychiatrists in business coaching, you get more than just a focus on mental health in business. Psychiatrists in coaching help create a safe space where leaders can be honest and vulnerable. They provide support and a venue to share concerns, aspirations, and strategies. It’s a space where leaders learn about themselves on a deeper level and get the tools needed to overcome barriers and enjoy the journey again.

Contact Your Next Act to Learn More

Business coaching is so much more than an emerging trend. Executives, entrepreneurs, and business owners can benefit from the symbiotic relationship between psychiatry and business coaching. For those in Saratoga County, Your Next Act provides one-on-one coaching to build mental fitness while hurdling over the obstacles standing between you and success.

Learn more about Your Next Act’s executive coaching online or by calling 518-583-7410.

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