How much do you expect to pay for a small business coach?
Depending on the type of coaching program, prices range from $1,000 to $3,000 per month. The most common price is around $2,000 per month and this usually includes 6 to 12 months of 1-on-1 coaching sessions with your coach.
Whilst cost is important there are other things you need to consider.
Business coaching works by helping you identify what is working, and, more importantly, what is not working. Then making changes that will allow for success. This process encourages personal development, which means that if you are willing to put time into this, then you will reap rewards.
When looking at the cost of something like Business Coaching in your small business you need to look further than cost.
Is small business coaching worth it?
The cost of small business coaching is worth it in the long run and here are just some reasons why:
- You will have a sounding board.
- A small business coach can offer you helpful advice and the benefit of their experience.
- A small business coach can offer help with important decisions
- A small business coach can help you with setting your goals.
- You will have a written plan that is specific to the needs of your small business which will help you stay focused and be successful in growing your business.
What if my business is a start-up?
Before you think about hiring a coach, there are many things to consider.
For example; your business idea and goals, how much time you have available for coaching sessions, whether the cost of hiring a coach is feasible for your budget (and if it's not then how can we work around that), what outcomes do you hope to achieve working with a coach?
As a start-up, you have the advantage of not having to undo anything. You get to start fresh and build your business from the ground up.
How to choose the best business coach for your small business
The first and most important step in selecting the best business coach for your small business is to understand what you are looking for. You want a coach who will deliver on their promises, be honest with you about where you need help, teach skills that can last beyond coaching sessions, have great results with other clients like you.
The next step is to research your coaching options. This can be done by looking at their website, reading testimonials from other clients, and even setting up a free consultation with the coach of interest. You may also want to interview them over the phone or in-person to see if you feel comfortable on an emotional level as well.
Is Group Coaching a good option?
There are a number of options for small business coaching. Some coaches provide group coaching programs that can be very affordable. Group coaching brings in the idea that others might have similar difficulties so it's ok to share your thoughts and ideas with them, even if you don't want to talk about them in front of other people.
Group coaching can be a great option for small business owners that are looking for a low-cost option. However, group coaching can be a false economy, you will pay less per month but may not get the results as fast.
Things to consider when choosing a coaching program
There are a lot of factors to consider when deciding whether or not you should start getting business coaching. The cost is only one factor in the equation, as there may be some other options that work better for your situation. For example, if your budget is tight but you want access to an expert who specializes in helping small businesses grow and succeed, then group coaching might be the right option for you. If you’re struggling with aspects of running your company that seem insurmountable alone, it may also make sense to get help from someone else who can walk alongside you through those tough patches until they aren't so difficult anymore. You deserve success! And while many people think all coaches are created equally—that couldn't be farther from the truth.