How Effective Will a Business Coaching Company Be?

images (45)In a previous post regarding business coaching companies, we discussed what such companies can do to help your business. They will work with your business to establish a partnership that will help you reach your goals.

We have established that working with a coach truly does produce results. The next question is: just how effective will it be? Will the results in the future truly offset the current investment?

We understand that only a marginal impact may not be enough to justify hiring a business coach but the International Coaching Federation has research that shows that there are clear benefits that arise for the individual and the company as a whole.

Each individual is unique in terms of skills s/he possesses and how s/he naturally is. Some people are very confident, others great public speakers. Here enters a business coach to present new perspectives and develop these skills.

Individuals that have gone through different programs have commented saying that it presented them with a better understanding of who they are as a person- where they feel confident and what they need to work on. Just to point out a few the developments that have been reported, data from a study shows that:

  • 80% of participants saw improved self-confidence.
  • 67% saw improved work/life balance.

Business coaching companies work with a company and its employees to help pull out their potential. Along with these personal improvements, coaching also translated to better work performance, in terms of management and team work.

Why do companies invest in hiring business coaching companies? BECAUSE THEY WORK.

Although it may be an investment, the return on investment (ROI), based on the overall results and improvements of the employees and teams, is much higher. While there is a broad spectrum of ROI figures, a reliable range of can be anywhere from 500%-700% (Anderson, 2008). With numbers like this, it is clear to see why so many businesses are looking to work with companies that provide these services.

So is hiring a business coach worth it in the long run? In a word – YES. You will see your employees experience personal benefits as well as organizations growth, resulting in better-functioning company.

Because of significant results that business coaching produces, it is no surprise that it is a growing industry. If you think you could benefit from these services, reach out to such companies in your area to see how they can work with you to improve your business.

For more information, including data points about personal and organization impacts from a study, check out our blog and the article, “How Effective Are Business Coaching Companies?”.

The Selflessness of Business

images (46)“Chief Bottle Washer” as I’ve often heard it or my personal favorite “This is Where the Buck Stop” denotes the role of servant leadership that most if not all small to mid-sized business owners play. Continuing with the thought that one of the primary objectives of creating, sustaining, and growing a business is to work oneself out of a job, business owners and their staff can either strengthen or weaken the vision and operations of the business by their application of the principles of this style of leadership.

What is Servant Leadership in the Context of Business?

I’m not going to give you some technical, dictionary definition, but rather a description from experience. The model of servant leadership needed to strengthen the vision and operations of a business derives from someone (and their team) that embodies the passion for why the business exists. In other words, the purpose of the business’s existence has to incorporate a balance between the dollar (delivering of value and return of capital) and the people (staff, customers, investors). Servant leaders have an ethereal ability to transfer their passion for the business based on the balance of the dollar and the people to others they encounter both inside and outside the business. One of the primary motivators of servant leaders is the desire to experience the impact that their passion for the business ignites in others. Remember, businesses exist to provide solutions to the problems of people for the opportunity to receive fair compensation. Thus, the passion that a business owner exudes for his / her business in the context of servant leadership is to see others on fire to help solve the problems of others that engage the business for a fair compensation.

Why is Servant Leadership Important for Business?

The fuel that drives all of us towards various accomplishments and pursuits has its origins in passion. An old mentor used to tell me, “Nothing great was ever achieved without enthusiasm!!!!” The same is true for businesses. It’s not enough to exist for the exclusive purpose to make $$$$ because although a pillar in operating a business, it’s not the sole reason for it. One of the methods that owners can use to empower their staff to operate the business at a high level is to invest their time and resources into infusing everyone involved with the business with his / her passion for the business. A major benefit in doing this is that it creates a sense of ownership and preservation in others that hold a stake in the success of the business. Aside from improving operations and workflow, owners must spend time cultivating and nurturing passion in the context of servant leadership to increase the odds of business survival and ultimately success.

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What Can a Business Coaching Company Do for You?

images (44)Should you consider hiring a business coach to help you further your business, career or even personal life?

People sometimes are weary before hiring a coaching company because they do not know if it is worth the investment. Now this can stem from the uncertainty of future results or the initial investment of crucial time and money. When you are running a company, you do not want to waste your resources. And no business coaching company wants you to. Rather, they want to help you develop skills that are essential to your progression and future business success. Read the information below to better gauge if this seems like the right fit for you.

What exactly can working with a business coaching company do for you?

They can help change the effectiveness and overall work ethic of your employees and teams. The most important part of coaching is that it is about cultivating a true relationship between the individuals, NOT a simple transaction. Interesting data shows how, although coaches are not specifically hired to help with people’s private life, often times, the line between personal and professional lives merges, as s/he helps you grow as an individual. Research from the International Coach Federation has shown how their methods can help a company’s employees, employers and even their families. The reason for this is because business coaching focuses on teaching problems solving skills, individual leadership skills, and organizational skills. These payoffs result in a high ROI that more than justify the money and time spent.

One thing to note here is that satisfaction is often a relative term, where no one experience will be the same. Because the problems within each company and the goals that a client wants to reach vary, the experiences and results that one individual will see will be different from someone else’s. You must go into the process with an open mind and be willing to work with the coach for the partnership to be successful. However, 99% of companies and individuals that have moved forward have said that they been between ‘somewhat’ to ‘very satisfied’ with the experience. As long as the client is happy with the partnership, most of them carry on with the coaching in order to see continued results and positive changes.

Contact a local business consulting company and set up a meeting to see how they can you and your company achieve the results you want.

For more information, including data about ROI as well as personal and organization impacts from coaching, check out our blog and the article, “How Effective Are Business Coaching Companies”.