Quick Answer & Context
I get this question a lot and the quick answer is that coaching is free (see here: How Much Does Business Coaching Cost). Very few people consider working with a business coach until someone points out they might benefit from it. Even then, after a couple of conversations, it becomes clear that acquiring the expertise and support of a coach is a disbursement almost no one has ever planned for.
Cost, ROI & Payment Models
So in essence a coach will be paid for the work they do, an agreement is signed and invoices are sent regularly by the coach to be paid by the business. The point is that the use of a coach must be validated by the addition in profits to a business after a few weeks of the work commencing (see tools like 5 Ways to Superprofits). That way, a good coach is able to prove that the cost of his or her engagement with the business has netted profits (or cashflow) that will more than cover the business coaching cost paid for the engagement.
Choosing the Right Program
Options for Smaller Teams
For example, a business with very few employees has the need to move at a slower pace, cashflow is tight and decisions as well as actions may take longer to work through the system. This business owner may benefit from a very limited engagement, online self-paced learning or group coaching.
When 1:1 Makes Sense
In contrast, a business with a well-established structure and higher revenues and cashflow may benefit from a 1 to 1 engagement with a coach (certified business coaching). What really makes the difference is how fast does the business owner want to get results by leveraging his or her resources (money and personnel) (book a strategy session).
Your Next Step
As with many other disciplines, anyone looking for a leg up, advantage in growth or otherwise a shorter path toward success should at least feel free to initiate a conversation with an expert. Taking a metaphorical “peek under the hood” should allow a professional to determine what would get results and provide a plan to move forward (one-page strategic plan template). The only thing necessary is the willingness to learn something new.
As with many other disciplines, anyone looking for a leg up, advantage in growth or otherwise a shorter path toward success should at least feel free to initiate a conversation with an expert. Taking a metaphorical “peek under the hood” should allow a professional to determine what would get results and provide a plan to move forward (one-page strategic plan template). The only thing necessary is the willingness to learn something new.
Have a discussion with a coach today and get a clear idea of what it takes to go even further… Schedule your Strategy Session or contact us.
