Article Details
How Worthwhile is Business Coaching? |
| Date Added: May 16, 2010 02:19:00 PM |
| Author: |
| Category: Business |
| Business nowadays has become extremely difficult for it to become a one-man show. External perspectives and help is much more necessary as the market becomes a lot more competitive and rapidly evolving. Business coaching has improved the performances of companies who have used this talent and statistics show that companies who have used business coaching have increased their profit margin by 46%. The pros of business coaching often outweighs the financial con as there is always a structured plan and guidance provided by these coaches who ensure that a success rate is always achieved by introducing varied methods and techniques of business. The International Coach Federation conducted a survey to measure how effective business coaching was with 210 participating companies. These companies where from different demographic date and provided feedback and opinions about the value and use of coaching. These statistics are as follows: 1. 70% believed business coaching is a very valuable tool. 2. 50% confide in their coach as much as their best friend, spouse or therapist, 12% confide in their coach more than anyone else. 3. Some of the outcomes were: 62.4% smarter goal-setting 60.5% more balanced life 57.1% lower stress levels 52.4% more self-confidence 43.3% improvement in quality of life 25.7% more income The study was done on 197 employed professional and all had a formal and on-going relationship with the coach at an average of 9 months duration. Also, over 80% of those in the study had a degree while over a third had a Master’s degree or higher. Business coaching isn’t only a means of help when the business goes down. It is also en effective tool for any company or individual who wants to enhance their management skills either in professional or personal life. Even when the business is going good, it’s wise to get a business coach in order to learn something new and to improve the overall quality of life. In business coaching, you also learn management skills, stress reduction techniques, acquire financial education and time management as well. With business coaching, your company would not be left behind and your competitive skills can be increased as business coaching helps with the strengths and improving on weaknesses. The statistics on business coaching reveal that those who do use coaches have dramatically improved their chances of success in one way or another. By allowing an external perceptive in you gain the opportunity to receive guidance and advice you may not have conceived to look for. In this realm of ever changing and increasingly challenging market, having a business coach is a definitely a worthwhile investment. |
