Global business coaching statistics
The International Coach Federation (ICF) recently published a global, 15,000-person study that gathered data from senior leaders, executives, and entrepreneurs who utilize business coaching services. The study itself was funded by the ICF but conducted by PricewaterhouseCoopers LLP to provide accurate and unbiased findings. The study delivered some eye-opening findings and impressive stats. Among those findings, there were some key statistics, such as:
- Executives and entrepreneurs who worked with a business coach increased their income by an average of 46%.
- 70% of respondents said that business coaching was “very valuable” to their business.
- 62.4% said they developed more intelligent goal-setting skills.
- 57.1% said working with a business coach lowered their feelings of anxiety or stress in the workplace.
- 50% of people confided in their business coach as much as they did their spouse, best friend, or therapist.
- 12% said they confided in their business coach more than anyone else in their life.
- 43.3% reported an improvement in job satisfaction.
As you can see, a business coach has many benefits to offer business owners just like you. And one way or another, business coaching can greatly improve your ability to reach your business goals.
Business coaching in the future
Due to its many benefits, business coaching has become a booming industry in recent years. In the United States alone, it’s estimated to be valued at $2 billion and that number is only expected to increase.
In the years to come, working with a business coach will become more of a norm, rather than just something only top organizations do. As innovation and exploration continue, business coaching will become even more fundamental to success in today’s ever-changing and increasingly competitive marketplace.
What to look for in a business coach
With the right coach, business coaching can be incredibly impactful for both you and your organization. But with the wrong coach, it could be a complete waste of time and money.
When you’re looking for a new business coach, here’s what you’ll want to look for.
- A good fit between the coach and client. You’re going to be spending a lot of time with your coach, so it’s important to ensure your personalities click and there is mutual respect between the two of you.
- Relevant experience. It’s best to work with coaches who have experience working with other businesses that are similar to yours. If they’ve only ever worked with Fortune-500 companies, they probably aren’t best suited to help a startup.
- Read their references. Work with someone who is established and has a long-standing record of success.
Learn more about Denver business coaching
If you’re ready to advance your vision and achieve long-term growth with Denver business coaching, reach out to us at Portocol Business Strategies. Our strategic growth experts have decades of experience building hundreds of businesses just like yours. On average, our clients increase their revenue 3-10 times. That’s much higher than the global average!
We are dedicated to helping our clients become confident leaders who can effectively scale their businesses. Through realistic recommendations, we help you achieve measurable, long-lasting results.
Schedule your initial consultation to get started with our business coaches today.