Business Coaching Isnt Just For Fortune 1000 Executives
1. Business Coaching Isnt Just For Fortune 1000 Executives
While business coaching has been popular with
Fortune 1000 executives for years, only
recently has there been much interest at small
and midsize companies. This trend makes a lot
of sense. Midmarket companies often have less
of a cushion for mistakes. And they have fewer
internal managerial resources. Therefore,
business coaching can sometimes make the
difference between victory and failure for both
the executive and his or her company.
According to MarketData Report in 2007, a
recent study estimates that 40,000 people in
the U.S. work as business or life coaches, and
the $2.4 billion market is growing at about 18%
per year.
In addition:
Annual spending on executive coaching in the United States is estimated at $1 billion. Harvard
Business Review, November 2004
Use of coaching is widespread in UK organisations, with almost nine in ten respondents reporting
that they now use coaching in their organization (88%). University of Bristol Newsletter, 2005
The Australian Institute of Management says 70% of its member companies hire coaches. Inside
Business Channel 2, July 2006.
You should go here is your require business coaching
These statistics mean business coaching isnt a frivolous purchase its a well-thought out, sound
investment in a companys future.
Business coaching not only helps businesses establish organized plans for every challenge they come
across, it helps set those plans in motion. Companies that have business coaching tackle challenges
with a plan and business strategy, and this way, they achieve their desired outcome. Once the client
realizes business coaching provides meaningful support and assistance and sees their goals slowly
become accomplished, they realize how beneficial coaching actually is to their business.
When companies get business coaching sessions from ActionCOACH, you get access to thousands of
ActionCOACH proven solutions and strategies that have helped thousands of companies grow their
business. Depending on the clients needs and goals of the business, business coaching helps with
coaches encouraging discipline and accountability, giving a unique and fresh perspective to business
issues and help in developing ideas, and sharing strategies to grow business and accomplish goals
from the ActionCOACH system.
2. Both the coach and the client must also gain a level of confidence and mutual respect. The coach-
business owner relationship is based on candor, trust and confidentiality so both parties need to feel
comfortable before beginning business coaching.
Success can be measured many ways, depending on the companys goals, but the best way and
perhaps the only real way to measure success is by profit.
About the Author:
ActionCOACH is the worlds number one business coaching company. For more information, visit
www.businesscoaching.com.
http://www.articlesnatch.com/Article/Business-Coaching-Isnt-Just-For-Fortune-1000-Executives/1111
352
http://www.nolo.com/legal-encyclopedia/seven-tips-women-entrepreneurs-29580.html
