Coaching is steadily becoming big business. And business coaching even more so.
Some people say it’s expensive, others that a coach doesn’t really help them because “they could have done it for themselves.”
To answer the first point a coaching organisation has issued a coaching press release where they noted the massive ROI with coaching:
International consulting firm of Booz Allen & Hamilton undertook a coaching program for some of its senior members. Separately, they engaged another consulting firm to study the effectiveness of their internal coaching program. The independent results showed an astonishing 689% return on the coaching investment. This study indicates that a coaching program is not a cost to the business, but in fact, a rather lucrative investment.
Secondly, if as claimed a business could have done what the coach has got them to do themselves…
Why didn’t they!?
And as I’ve said before coaching more than pays for itself. I have coaching and I really believe it’s the one factor that can turn any business round from a loss or make a profitable one more money.