Content: Business Coaching Franchise and executive start-ups, business franchise industry,
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Executive / Business Coaching Franchises etc 

       Coaching Franchise / Start-Up Tips:       

           (includes extracts from new text book 'Behavioral Coaching' by Zeus and Skiffington -published and copyrighted by McGraw-Hill, New York)
Executive / Business Coaching Franchise, Start-Ups etc
Firstly, do you have a ballpark estimate or a viable business plan that clearly establishes what resources and how much capital you will require. Underestimate your needs, and you may run out of money or knowledge (coaches are knowledge providers) before the business has the chance to become profitable. Overestimate your ability to deliver and your overheads, and you may not have enough time and money to get your business off the ground.

The challenge is finding information that's credible and reliable. Here are some places you can explore:

1. Coaching Franchise start-ups -Home Based Coaching Business Franchise Sellers.  A Coaching Franchise provider can be a source of buying yourself a business opportunity. Many existing franchised coaching businesses or franchisees are also in the market to re-sell their franchises. The coaching franchise industry is worth millions to the people who sell the franchises. However, don't expect independent business advice from an organization selling only business coaching franchises. If you're thinking about buying a franchise, the franchisor will give you lots of data about start-up costs.  However, test the figures the franchisor provides you by calling existing franchisees (from the phone book -not so-called "referrers") and ask them how closely the franchisor's projections matched their actual income. See also: Coaching Products for License

2. Existing Business Coaches -other than Business Coaching Franchise Holders.  Successful independent business coaches who own a business similar to the one you intend to start are a great resource for all sorts of information. Don't necessarily approach your prospective competitors, but business owners outside your geographic area are frequently willing to assist. See: Global Directory of Business Master Coaches

3. Resource Suppliers. Knowledge brokers such as accredited coach training schools and developers and suppliers of coaching technology, tools and techniques etc are another excellent fact-finding resource. Do some comparison shopping ask suppliers about start-up coaching service kits, off-the-shelf client coaching courses and other coaching inventory packages and support options that might assist. See: Graduate School of Master Coaches

4. Professional Trade Associations. Like the ICC who may be able to verify names of established coaching businesses (and their owners) and suppliers in the industry, market research data and other useful information. See: International Coaching Council

5. Coaching Business Texts. 'How-to' and 'start-up' guides are available via a number of publications such as; 'The Complete Guide to Coaching at Work'. These books can be good resources for gaining useful marketing and business planning tips. See: Best Business Coaching Books

6. Business Coaching Articles.  Articles can offer information on a range of matters you'll need to research. Don't forget to always refer to credible sources. See: Behavioral Coaching Institute -Articles

7. A Mentor. A well-qualified and experienced business coach can offer excellent advice about start-up issues, costs etc -and may even do some of the research for you. A mentor-coach can also help you refine your marketing and business plans and guide you through the critical first year of business. See: Mentoring for Coaches

Note: Professional Business Coaching Practitioners today are working in a more knowledgeable, demanding marketplace and realize the critical requirement for any successful business coach practice is the use of proven, psychologically-based models of change. Training by a professionally qualified educator with some psychological expertise is now a must  -as this not only provides the necessary credentials and skill sets but also the many vital practice tools, techniques and assessment instruments that only a facilitator who is also a licensed clinical psychologist can provide. See: Dr Skiffington's invitational, fast-tracked, 4 Day, Very Small Group Certified Master Coach Course  

Remember -Good due diligence and sound research can tell you: 1) whether your are suitable to become a business or executive coach; 2) where to source the knowledge, resources and support that you'll require and, 3) provide ways to enhance your chances of success.
 
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2006 Behavioral Coaching Institute                                 - Coaching Credentialing Issues 

                                                                                             - How to source validated Coaching Resources

 

     
 

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