| What are the trends for business coaching or | | | | their first year |
| executive coaching in 2007? Are you prepared | | | | - 53% of all coaches make less than $20,000 a |
| for these changes? | | | | year |
| As a business coach or executive coach, did you | | | | - 30% of all coaches have never been able to find |
| know: | | | | 10 paying clients |
| - Face to face coaching is the preferred method | | | | - Only 9% of coaches are currently making more |
| of delivery by 44% | | | | than $100,000 a year coaching |
| - Email coaching is quickly fading and use by less | | | | - Coaches who have been in business over 5 |
| than 10% | | | | years earn $300/hour |
| - Executive coaching from bottom up accounts | | | | - HR professionals report $215 hourly rate for |
| for 92% of all coaching services | | | | coaching |
| - Private pay clients drive 8% of the coaching | | | | - Coaching yields a proven return on investment |
| revenues | | | | ranging from 200% to over 1000% |
| - Executive coaching in person is more effective | | | | These trends are important because the face of |
| by 70% compared to phone coaching 30% | | | | executive coaching is quickly changing. If you can |
| - Person to person coaching increases rates up to | | | | provide results driven solutions that can cascade |
| 80% compared to phone coaching | | | | throughout the organization where ROI is quickly |
| - One third of HR professionals do not view | | | | achieved and is sustainable, then your practice |
| coaching as credible | | | | should grow in 2007. However, if you are still |
| - Leadership or leadership development accounts | | | | relying solely on telephone coaching, trying to |
| for almost 50% of all coaching | | | | reach HR professionals or focusing on |
| - Senior management accounts for 25% of | | | | non-leadership issues, then your practice may |
| coaching | | | | greatly suffer. |
| - Bi-monthly meetings are becoming more popular | | | | Maybe now is the time to revisit your strategic |
| than weekly meetings | | | | plan and make the necessary course corrections |
| - Client contact should be at least 10 clients a | | | | to your marketing plan and sales plan along with all |
| week | | | | supporting WAY SMART goals. With this industry |
| - Between 25% and 45% of the Fortune 500 | | | | growing at 40% annually, these changes cannot |
| companies use coaches | | | | be made quick enough. |
| - 73% of all coaches make less than $10,000 in | | | | |