So what do you pay for a coach?
Coaching can start for as little as £100 per hour for a trained coaching professional for small businesses, through to in excess of £10k per month for Executive Coaching for weekly coaching sessions with C-suite clients.
How can coaches charge so much?
Quite simply they can charge that sum if they deliver genuine value to a client. A good coach should be able to generate more than 8x their fees within the first 12 months inside medium to large companies and more than cover their fees in extra profit with SMEs.
Can I Guarantee Results With a Business Coach?
Some business coaches will offer a ROI guarantee for their services but often business coaches are reluctant as it’s down to the coachee to put in the work to get the results. Speak to your prospective coach to see what they offer before appointing them.
How many coaches are there?
With the UK business coaching industry worth in excess of £5bn and an estimated 100,000 coaches in the UK you can expect a wide variety of offerings, standards and costs.
If you are considering using a coach, it’s always worth considering “what outcome do I want from business coaching” and chose the coach accordingly. One sure fire way of choosing a coach is if they insist on a goal setting or alignment session to start you off. The golden rule is “no alignment – no go”. After all, if you or your coach don’t know where you want to get to, and what you want to achieve, how can they possibly help you get there?
In the end, like everything in life, you get what you pay for. If you want good results expect to pay more. After all, if you had to pay for a doctor would you go for the cheapest?
