| to be able to successfully work alone, in isolation, | | | | of the respondents had undergraduate degrees |
| will become more difficult according to recent | | | | and over a third had Master's degrees or higher. |
| studies. The need for an external perspective | | | | Business coaching isn't just for people who have |
| becomes more necessary to help you through | | | | no grasp on what they are doing. It's effective |
| the challenging journey, as the market becomes | | | | for anyone who wants to better manage their |
| more competitive and evolving | | | | professional and personal life. Even those who |
| Statistics on business coaching have proved that | | | | think they have everything under control can |
| using a business coach can increase your profit | | | | learn something. |
| margin by an average of 46 percent, according to | | | | People don't just use business coaching to make |
| a practice development company. However, | | | | more money as the statistics on business |
| further statistics reveals that 42 percent of | | | | coaching show. They use it to improve the overall |
| businesses of don't use a business coach. | | | | quality of their life. |
| The pros of using business coaching often | | | | They learn time management skills, stress |
| outweigh the financial con. They give a structured | | | | reduction techniques, acquire financial education |
| plan and guidance. | | | | and more. All of which help them to improve their |
| They also give you an outside view of how your | | | | business. |
| business is running. This is something many | | | | The 42 percent who are not using the guidance |
| business owners never learn and it causes them | | | | of a business coach are at risk of being left |
| to fall behind their competition. | | | | behind, regardless of how proficient they are in |
| To get a sense of how valuable coaching is for | | | | running a business. Their competition will increase |
| businesses, the International Coach Federation | | | | their skill level by building on their strengths and |
| surveyed 210 coaching clients for demographic | | | | improving on their weaknesses. |
| data and feedback /opinions about the value and | | | | Thus, while those who are without coaches may |
| use of coaching. Some of the statistics on | | | | feel as though they are operating at an |
| business coaching they gathered are as follows. | | | | acceptable level, it is only a matter of time before |
| 70% believed business coaching is "very valuable." | | | | their competition outshines them. |
| 50% confide in their coach as much as their best | | | | A 46% profit increase is nothing to laugh at. If |
| friend, spouse or therapist, 12% confide in their | | | | your business is struggling it helps you to survive |
| coach more than anyone else. | | | | and if you are already doing well then you simply |
| Some of the outcomes were: | | | | thrive. |
| 62.4% smarter goal-setting | | | | The statistics on business coaching reveal that |
| 60.5% more balanced life | | | | those who do use coaches do improve their |
| 57.1% lower stress levels | | | | chances of success in one way or another. By |
| 52.4% more self-confidence | | | | allowing an external perceptive in you gain the |
| 43.3% improvement in quality of life | | | | opportunity to receive guidance and advice you |
| 25.7% more income | | | | may not have conceived to look for. |
| It's important to note with this study that of the | | | | In this every changing, increasingly challenging |
| respondents, 197 were employed professionals. All | | | | market, having a business coach is a worthwhile |
| had a formal, on-going relationship with a coach | | | | investment. |
| with an average duration of 9 months. Over 80% | | | | |