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Why Getting a Business Coach is a Good Investment

Recent studies have proven that business coaching is an up-and-coming industry – the second-fastest growing industry in the world. Business coaching is just like sports coaching – like a sports coach coaching an athlete and trains them to get better, business coaching not only helps businesses establish organized plans for every challenge they come across, it helps set those plans in motion.

Business coaching is just like sports coaching – like a sports coach coaching an athlete and trains them to get better, business coaching not only helps businesses establish organized plans for every challenge they come across, it helps set those plans in motion. Companies that have business coaching tackle challenges with a plan and business strategy from the business owner’s view and an outside view: the business coach. This way, the business owner can achieve all he wants.

Here are some general statistics about business coaching today:

“Annual spending on executive coaching in the United States is estimated at $1 billion.” – Harvard Business Review, November 2004.

“Use of coaching is widespread in UK organisations, with almost nine in ten respondents reporting that they now use coaching in their organization (88%).” – University of Bristol Newsletter, 2005.

“The Australian Institute of Management says 70% of its member companies hire coaches.” – Inside Business Channel 2, July 2006.

“A recent study estimates that 40,000 people in the U.S. work as coaches (work or life) and the $2.4 billion market is growing at a fast-paced 18% per year.” – MarketData Report, 2007.

“Coaching is the second-fastest growing profession in the world, rivaled only by information technology.” – National Post, April 2007.

What Do These Statistics Mean?

The statistics and reports don’t lie – business coaching is not only a fast-expanding industry, it’s expanding because it’s a successful industry. Just like sports athletes have to keep ahead of their competitors with a coach, business industries, especially in this recession, are getting extremely competitive.

Think about if a sports athlete didn’t have a coach. He might keep doing the same things that have worked for him many times before, and he might be fine for a while. But eventually, since he’s doing the same things and not necessarily getting better at his sport or his skills, the competition will surpass him.

It’s the same thing with business. With all the industry changes, innovations and management strategies, business owners can’t keep doing the same thing they’ve been doing. Eventually competitors will leave the company in their dust, so to speak.

It’s even true with the big brands – McDonald’s, Starbucks and Coca-Cola are constantly ahead of the game and dealing with challenges. Especially in the recession – how many brands that used to be around (Fannie Mae, Bombay Co., Circuit City) aren’t anymore?

When it comes to a company’s competitors, business coaching is a sound investment in your company’s future because it keeps you ahead of them.

It’s still a relatively new business industry, but the statistics don’t lie: business coaching is fast-becoming a great investment because it keeps the company ahead of competitors.
Business coaching is the second fastest growing industry for several of the following reasons:

- Business coaching helps increase staff and business performance. Coaching develops the best qualities of people and teams, making the most of everyone’s qualities and significantly increasing productivity, making the most of everyone’s talents and skills for the company.

- Business coaching enables owners to motivate their staff. Coaching helps people to work to their utmost potential, increase their self-esteem and thus raise the quality of their work and increase productivity at the same time.

- Business coaching improves staff development. Staff development means not only educational seminars and trainings, but also unlocking the inner potential of the company’s employees. Whether the employees are going to develop themselves or not depends mainly on the company’s management style. Initially, all of us have a great potential which can be revealed through coaching. Coaching allows the employees to develop themselves directly in the workplace, thus increasing their efficiency.

If you’re convinced, you’re one step closer to bettering your business.

Sell a Business Through Online Channels

Individuals and organizations, large or small, sometimes must sell a business for hundreds of different reasons. Many times people start a business but are unable to run it efficiently due to circumstances beyond their control like market conditions, managerial decisions, labor problems, product quality, location and other reasons. In such a situation the best option available for such an entrepreneur is to depart. Putting the business up for sale is one of the most feasible things one can do. Finding the right platform to sell can be more difficult than one might think, but luckily the Internet has minimized these difficulties and made it easier to sell a business.

In today’s market the fastest, easiest, and best possible way to sell a business is through the Internet. Online biz broker websites allow you to list your businesses for sale. It gives you a much further reach and larger target audience. There are hundreds if not thousands of online resources where to sell a business. Most online resources charge a small fee, in some cases you’ll find free listings.

Broker listings help describe the business for sale. In some broker directories sellers get the benefit of priority positioning, featured placements and use of bold or special headings. The seller has the advantage of getting attention from prospective buyers. Sellers are allowed to upload photos with each listing; also business for sale listings will give you more visibility in the search engines.

Online business broker websites commonly use private messaging systems which can keep the seller information as well as buyer information confidential until the actual sale of business, thus protecting one from aggressive buyers or sellers. Online business broker websites are usually designed with easy search tools so buyers can find a business for sale with ease. If you sell a business then in most cases you can identify your own search tags which make it easier for prospective buyers to find your business for sale.

Sellers should always opt to get their business evaluated and appraised before listing for sale. Getting an appraisal will save time and make certain you get the fairest price. Appraisals also instill trust and integrity in buyers.

Selling a business is a tedious job, by it for sale on brokerage websites you’ll be able to concentrate on other aspects of your business while keeping your business for sale in the view of potential prospects. It is the perfect way to get sold without doing exhausting legwork.