Business Coaching
Business coaching is one of the world’s fastest growing professions.
Whilst the use of coaching in the small business sector has lagged behind that of its larger corporate cousins, over 20% of small business enterprises are now using coaching. In one United Kingdom study, 79% of medium and large businesses reported using coaching as part of their growth strategy. A USA sample of 101 companies using coaching revealed that 58% of the companies surveyed were small or medium sized, government agencies and not-for-profits (Auerbach, 2005).
There is increasing evidence that coaching is one of the most powerful ways of developing people and adding to bottom line business performance. A study of Fortune 1000 companies using coaching showed these percentages of executives reported the following benefits from the coaching they received:
- An increase in productivity (by 53%)
- Increased customer service (by 39%)
- Increased retention of senior staff (by 32%)
- Reduction in costs (by 23%)
- Increased bottom line profitability (by 22%)
The same survey reported that individuals who received coaching saw improvement in:
- Working relationships with their direct reports
- Working relationships with their manager
- Team-building
- Reduction in conflict
- Business Relationships with clients
(Source: Manchester Review, 2001, Vol. 6, 1; and Executive Coaching - With Returns A CFO Could Love, Fortune Magazine February 19, 2001)
An investment in business coaching can pay off many times over –- increasing your bottom line, helping you work with renewed passion, getting more done in the same time period by working smarter, and reclaiming your life by adding more work-life balance.
In short, Business Coaching is an extremely cost effective means of achieving exceptional personal and professional results.
(Adapted from an article by Jeffrey E. Auerbach, Ph.D.)
With many years of Business Coaching experience under his belt, and as a member of the International Coaching Federation, Graham is well placed to deliver business coaching of a very high quality.
To obtain more information on how Graham can tailor a Business Coaching programme to meet your specific needs and budget, either telephone Graham on 0403 262 988 or email graham@grahamharvey.com