Business Coaching Statistics: How to Gain a Competitive Edge During a Recession

Here are some interesting statistics to consider ifdemographic data and feedback /opinions about
you own a small business or internet business. Didthe value and use of coaching. The study
you know business coaching statistics show thatrevealed that those who were coached had a
applying the skills of a business coach is a greatpositive change in personal work habits. This is
way to keep your business ahead during ainstrumental to changing your business during a
recession.recession.
It is predicted that for a small business owner toBelow is some of the business coaching statistics
be able to work competitively on their own willgathered by this study.
become more challenging. During this recession62.4% smarter goal-setting
especially, when the competition among60.5% more balanced life
companies is exhaustingly fierce, it becomes57.1% lower stress levels
crucial to look for assistance to give you that52.4% more self-confidence
competitive edge.43.3% improvement in quality of life
Business coaches give you an outside perspective25.7% more income
on how your business is running. Because this isThose are just a few of the outcomes found
something most businesses do not bother to findthrough the study.
out, this in itself gives you a lead over yourWhat we see is the number of people who are
competition.experiencing positive personal development skills
A practice development research revealed thatto apply to their business. It's not just about
42% of businesses don't use a business coach.dollars and cents and most times companies who
This same study though, found you can increaseare struggling have a personal reason linked to
your profit margin by an average of 46% bytheir financial struggle.
using a business coach.Some more interesting business coaching statics
Thus 42% of businesses are missing out on awere those that we don't immediately link with
46% profit increase. If you among that groupbusiness for example, 33.8% saw their health or
you may want to carefully consider if you canfitness improve, 33.3% had improved family
afford to not use a business coach.relationships and 25.7% stopped a bad habit.
An article posted on stated that having your ownAlthough we don't immediately associated
internet business was the last weapon against asomething like stopping a bad habit to having an
recession. However, as we've seen moreeffect on our business, the fact is something like
businesses both off and online negatively affectedbeing lethargic can affect your work habits. To
by this slow economy, having your own businessfind out what may be keeping them from
isn't a fool proof plan. However, hiring a businessadvancing their business clients can turn to
coach can be the difference between those thatbusiness coaching.
struggle and those that survive.Sometimes it's a simple as learning how to
To help them develop plans to build profit-growingorganize their office in a more effective and
businesses even during a slow economy manyefficient manner.
business coaches show their clients how toThe business coaching statistics found in this
navigate their way through changing economies.study prove that even during a recession
Giving them another competitive advantage.businesses that use coaches can still thrive when
A study conducted by the International Coachthey take advantage of the skills offered by a
Federation surveyed 210 coaching clients forbusiness coach.