most business coaching is a waste of time!...the coaching market $2.35bn 26% of smes sought external...

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Page 1: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing
Page 2: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

Most business coaching is a waste of time!

So what is the future of coaching?

Page 3: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing
Page 4: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

The Trust Equation

Credibility x Reliability x Likeability

Self Interest

Page 5: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing
Page 6: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

THE COACHING MARKET

$2.35bn26% of SMEs sought external advice – almost halved in 10 years

40% seek advice from coach / consultant – increasing trend

30% from accountant – declining trend

Dept for Business, Energy & Industrial Strategy, Small Business Survey 2018

68% paid for that advice

80% of it delivered face to face

Overall a marked jump in businesses forecasting growth to 71%

Page 7: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

POSITIONING COACHING

✓Driving up profitability

✓Business Education

✓Mindset

✓Building the team

✓Increasing customer numbers

✓Time management

Page 8: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

2.07 billion monthly active

Facebook users

4 Billion Videos Viewed

On YouTube Daily

2 Trillion A Year

Year 2000

200 Million on the

internet Today - 3.7

Billion

WWW

Page 9: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing
Page 10: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

MASSIVE

RESULTS

Owner’s Personal Growth and /or New Businesses

A Well Oiled Machine

Structure for Growth

Efficiency

Predictable Cash Flow

Eliminate Chaos

ACTIONCOACH 6 STEPS SYSTEM

.

Page 11: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

COACHING QUALIFICATIONS???

The ICF defines coaching;

“partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential”

“One of the secrets all of successful people is that they always ask for help. Average people never ask”

Bernard Hiller – coach to the stars

Page 12: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

FUTURE OBSTACLES

Other

Competing

Services

Over Regulation

Under Pricing

Market Saturation

Market Confusion

Untrained

Coaches

0 5 10 15 20 25 30 35 40 45 50

Page 13: Most business coaching is a waste of time!...THE COACHING MARKET $2.35bn 26% of SMEs sought external advice –almost halved in 10 years 40% seek advice from coach / consultant –increasing

IN CONCLUSION…..

The coaching industry continues to evolve & grow

Collaboration is key, as clients demand more and more tangible outcomes balanced with social responsibility

Demonstrating credibility becomes ever more important