financial coaching
 
financial coaching

us coach flag  canada coach flag  australian coach flag  uk coach flag

US   CA   AU    GB

     Coaching Financial ROI

financial coaching  
Home | About Feroce | Contact Us
financial coaching
Life Coaching
Personal Coaching
Career Coaching
Business Coaching
Executive Coaching
Leadership Coaching
Success Coaching
 

Coaching Financial ROI

Coaching Financials ROI:  The Return on Investment of Coaching

 

Why coaching is worth the time and money

Studies have shown what those of us in the know already know:  the return on investment (ROI) of coaching is significantly greater than the investment itself.  For those who want to look into the financials of coaching, the study, by Metrix Global, is good news. 

 

The ROI from executive coaching exceeded 500%, not including the "significant intangible benefits" that most of us want even more than, say, higher compensation or business profits.  In other words, for every $1 a company pays out, it receives (or saves, which is the same thing) $5 in return.  The study's authors concluded:

Coaching sessions were rich learning environments that enabled the learning to be applied to a variety of business situations. Decision-making, team performance and the motivation of others were enhanced.  Many of these business applications contributed annualized financial benefits.  Other applications created significant intangible benefits.  Overall, the participants appreciated their coaching experiences and would highly recommend coaching to others.

Survey respondents cited coaching for:


- A “significant or very significant” impact on at least 1 of 9 business measures (77%)
- Increasing productivity (personal or to their work group) (60%)
- Annualized financial benefits due to increased productivity (50%)
- Increasing employee satisfaction (53%)
- Increasing customer satisfaction (53%)
- Increasing work output (30%)
- Increasing work quality (40%)

 

Because the techniques of coaching are consistent from business coaching to life coaching, there is every reason to believe the same benefits accrue to personal coaching.  Indeed, a survey by the International Coaching Federation found that over 98% of surveyed corporate coaching clients found coaching to be a valuable investment.  Consider:

 

How many self-help, motivational, or business books have you read?  At what cost in dollars?  In your time?  And how much do you remember?  How much did you implement?

 

Similarly, for whatever your coaching goal is, how much have seminars helped?

 

Is reaching your goals worth a few hundred per month for several months?

    - Would you pay for a few months to finally know what you want to do?

       - to be doing it?

    - What is it worth to you to find clarity in your life's purpose, or find meaning?

    - What is it worth to improve or make new relationships, and get help communicating your needs more effectively?

 

What is the monthly cost to you of not reaching your goals?

    - What is the cost to your health, energy, career, and relationships of not doing what you want to be doing, and of being unhappy?

    - What is the cost of taking a year or two (or more!) longer to reach your goal because a solo approach lacks focus, commitment, and accountability?

    - What is your time worth -- what's the cost of staying in the wrong job for too long?

 

If you are starting or running a business:

    - What is the value of designing and implementing more cost-effective business strategies or better marketing?

    - What is the cost of taking some wrong turns (even if you're experienced, because two good heads for business are better than one)?

    - What are the lost profits from a sub-optimal strategy will far exceed the cost of preventative coaching?

 

In the final analysis, the best way to get a sense of the financials of coaching, and whether it's worth it, is to find out what others in your situation say about it.  Check out our Success Stories and Testimonials.  You can also read some breakthrough coaching stories.

 

View Our Coaching Packages

 

 

 

 

Related Articles:

 

The Difference Between Coaching and Counseling

What Does a Good Coach Do?  The Life and Mind Coach

Life Coach

On Life Coaching

Business Coach

On Business Coaching

Executive Coach

On Executive Coaching

Leadership Coach

Leadership Training

 
© Feroce Coaching 2004-05