Business Coaching Statistics

Here’s what people are saying about business coaching:

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

“Use of business 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 for business coaching.” – Inside Business Channel 2, July 2006

According to MarketData Report in 2007, a recent study estimates that 40,000 people in the U.S. work as business or life coaches, and the $2.4 billion business coaching market is growing at about 18% per year.

Every great performer, whether an elite athlete, business legend or performing superstar, is surrounded by coaches and advisors. As the world of business moves faster and gets more competitive, it is difficult to keep up with industry changes, innovations in sales, and management strategies, among other things.

This means business coaching isn’t a frivolous purchase – it’s a well-thought out, sound investment in your company’s future.

Business coaching is like consulting, but the difference is business coaching teaches the business owner what’s wrong and how to fix it so problems don’t arrive in the future. With years of successful experience that can provide valuable insight, a Business Coach can help you develop long-term and short term goals and strategies, as well as improve your business in several areas – perhaps even some overlooked areas.

9 Responses to “Business Coaching Statistics”

  1. How Exactly Does Business Coaching Benefit? | Brad Sugars. Blog says:

    [...] though business coaching is the second fastest growing industry in the world, there are still lots of people out there who are unsure of what a business coach [...]

  2. Why Should You Hire an ActionCOACH? | About Brad Sugars says:

    [...] coaching might be the second-fastest growing industry in the world behind IT, but there are still lots of people out there who are unsure of what a [...]

  3. Massimo Gaetani says:

    Nice post that support our category: in my opinion though Coaching is *different* from consultancy. Coaching is (supposed to be) about self directed learning, asking questions, clarify the answers and build actions on the outcome.

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    [...] ^ Businesscoaching.com [...]

  5. J. Lorne Kangas, B.Com CMA says:

    I would like to speak with a local person near Edmonton, Alberta, Canada, to get more perspective on the coaching business.

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  7. Staying the Course: Coaching for Life, Coaching for Career says:

    [...] the United Kingdom, nearly 90% of businesses are now reportedly using business coaching in some form or fashion. And as far back as 2007, [...]

  8. Ethan Islandhobo (Private Coach) says:

    Business Coaching is definitely an approach with teams or individuals ensuring improved productivity, motivation, insights and results – Make decisions implement actions exercise control and measure progress – Then apply Redirection or reinforcement where/when applicable – Its effective, for sure!!

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