This week, in our ongoing series on coaching and why you deserve one, we will cover the notion that executive coaching is expensive, and therefore cost prohibitive.
Coaching can in fact cost a great deal of money. Harvard Business School’s “What can Coaches do for You?” research whitepaper reports some executive coaches cost up to $3,500 for an hour of coaching. While this is an extreme, most personal coaches charge a monthly retainer between $750 to $2,000 a month. What this means is that either there are a lot of really stupid people wasting their money on coaching each month or they are getting results worth at least the cost of their coach. I have trouble paying $12 a year for a magazine subscription I don’t read, so I’m guessing coaching is paying off. According to the ICF Global Coaching Client Study commissioned by the International Coach Federation, individual clients reported a median ROI of 3.44 times their investment in coaching. Bottom line, coaching is an investment that can produce monetary rewards above and beyond the cost.
Like with all business ventures, the adage goes that it takes money to make money. We believe that smart business expenditures pay off. We strive to consistently show our clients a solid return on their investment, and our success rates indicate that our clients have been pleased with their business investment. Investing in a coaching program has been the basic difference for some of our clients in building a successful business, and closing their doors.
Owner / Coach Janico Enterprises