Business Coaching is Sound Advice

Posted by stevezog on December 18, 2010 under Business advice | Be the First to Comment

An Business Coach can give you advice that adds proven returns to your investment.

When performance is measures by additional profits and tangible metrics, a good Business Coach is proven to deliver.

How?

Here are some interesting statistics on the results of Business Coaching.

• In one study conducted by MetrixGlobal LLC, companies including Booz Allen Hamilton received an average return of $7.90 for every $1 invested in an Business Coach.
• A recent study of the impact of an Business Coach program in a Fortune 500 firm by MetrixGlobal reported a 529% return on investment and significant intangible benefits to the business.
• A survey by Manchester Inc. of 100 executives found that an Business Coach provided an average return on investment of almost six times the cost of the business coaching.
• An internal report of the Personnel Management Association showed that when training is combined with an Business Coach, individuals increase their productivity by an average of 86% compared to 22% with training alone.
• A Hay Group study of Fortune 500 companies found that 21% to 40% utilize an Business Coach. Business Coaching was used as standard leadership development for elite executives and talented up-and-comers.
• A 2001 study on the impact of executive coaching by Manchester Inc. showed an average ROI of 5.7 times the initial investment or a return of more than $100,000.