Executive or business coaching is the second fast growing industry in the US with some estimating the growth rate to be around 40%. So why is this happening and more importantly what are the results$%:
A quick tour of the Internet can provide some incredible examples:
- Large employer within the hospitality industry had their top 200 executives coaches and realized a savings between $30 and $60 million.=
- Executive coaching at Booze Allen Hamilton delivered $7.90 return on investment for every dollar invested
- Another survey conducted by Manchester of 140 companies suggested the average return on investment was $5 for every dollar invested
- A telecommunications company received 529% return on investment along with intangible benefits
- Kodak's coaching program for 1,000 employees delivered double digit increases in employee productivity
Statements
Be in the drivers space Of water wolf pikes develop Near our summertime system of State a lot
What these statistics suggest is that an effective business coaching or training program or an executive coach can deliver at least $2 for every one dollar invested. This investment is quickly recovered due to the immediate increase in individual performance.
Continued research on the Internet shows that business coaching and training is not just restricted to large Fortune 1000 companies. Small businesses and entrepreneurs are also jumping on the coaching bandwagon. Four years ago, less than 5% of small business owners invested in coaches. Now up to 20% of American small business owners and entrepreneurs are reaping the measurable benefits from business coaches as they continue their efforts to .
As a business coach, I have observed small business owners spend thousands of dollars on luxury vehicles to technology improvements to new offices, but resist investing in their own development and that of their employees. For it is people who make companies successful. Plain and simple - .
If you are a small business owner or entrepreneur and haven't hired a coach, maybe it is time to make that crucial decision. Consider the possibility that your competition already has hired a results driven one and is reaping at least a 2 for 1 return on his or her investment.
留言列表
