Is Business Coaching Worth The Money?

by | Jul 12, 2019 | Business Planning, Featured, Goals, Real Estate

return of investment, ROI, coaching, Coach Cheri Alguire, business coachingYou have thought about hiring a coach for your business, but you are not sure if it is worth the return of investment. 
Will coaching really help? Will it make a difference to your bottom line?
YES! I tell my clients they should see a 10X return to their bottom line from the money they invest in coaching, or they should stop coaching!
In a study done by PriceWaterHouseCoopers and Association Resource Centre, they found that businesses who acquired the aid of professional coaching were able to get an average of seven times return of investment.
In another study done by Manchester, Inc., they found that for every $1.00 that businesses spent on coaching, they received a $6.00 return of investment.
This was due to how much coaching helped in improving productivity, organizational strength, service quality, customer service and bottom-line profitability.
As a result of this, client complaints and avoidable costs were significantly reduced, which then led to higher income.

Why Coaching Benefits Your Bottom Line

Professional business coaching can improve your return of investment, on everything you invest in your business. Here are some of the reasons why:

  • A coach will help you create and stick to a Budget: 
  • A coach can be a sounding board for every expense you have, helping you invest in the right things for your business:
  • Coaching enhances and strengthens your skills;
  • You gain improved problem analysis and solving, as well as strategic thinking;
  • Coaching provides “space” to reason and find new ideas and sort out issues in the process;
  • A coach can help develop stronger relationships between you and your team;
  • You are able to balance your work and life much better
  • And so much more!

In the ever-changing business world, you have to learn to adapt if you want to earn a profit.
With uncertainty and roller-coaster turns constantly in the path to achieving your goals, you need coaching more than ever.
Don’t get left behind in your business, it is too big of a risk to ignore the benefits that coaching can give you, not only from the money you invest in coaching but the money you spend in your business, period!
I have coached thousands of Real Estate Agents and Small Business Owners over the past 20 years to examine their values, set goals, figure out where they are right now, and then create a PLAN to hit those goals.
Executing that plan with discipline can mean the difference between being profitable and struggling in your business.  It is time for you to thrive!
Thinking about coaching?  I will give you a no-cost coaching session to help you discover if coaching could be right for you.
Schedule your call today!