If you’re interested in coaching and supporting others, helping them to develop and grow their businesses, while always continuing to learn and improve yourself, you could be very happy as a franchisee with a business coaching company.
Business coaching is a growing sector in the franchising world, and becoming a business coach could be an exciting and lucrative opportunity for you. Previous experience is beneficial, but not essential, and many different franchisors are ready and waiting to train you up and get you out there. Here are the five biggest advantages of running a business coaching franchise in the UK....
Running a business coaching franchise in 2021
In 2021, demand for a business coach who knows what they’re talking about and is genuinely dedicated to your success and development is high. Statistics show that having a business coach can increase profit margins by an average of 46%, and with 42% of businesses still not utilising a coach [Street Directory], it’s a great chance for clients to stand out from the competition. Start a business coaching franchise today, and help them do exactly that.
For those business owners, executives and management teams who are serious about improving their companies, business coaching is an essential tool in which to invest. No matter how much you may think you know about the market, there is always a benefit to getting advice.
—Nick Leighton, Forbes
5 advantages of working with a business coaching franchise
1. You’ll capitalise on existing demand
Even given the current conditions of the world - a world in recovery from a global pandemic - plenty of businesspeople are striving to be better than ever. To improve and update their systems, actions and businesses in order to elevate to another level of achievement, or profit, or whatever the goal might be. That means demand for business coaching franchises is going strong, and as a franchisee, you’ll be able to capitalise on this and enjoy regular, fairly guaranteed work.
Based on our survey of 759 entrepreneurs, almost one out of six of them are turning to business coaches to become more professionally capable.
—John Bowen, BSW Inner Circle Co-Founder
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2. You’ll accelerate your personal and professional development
There’s nothing more satisfying in this world than working within an industry that allows you to simultaneously teach and learn. As a specialist operating in the business coaching sphere, you’ll be developing your personal and professional skills with every person that you help, working in an environment that encourages and cultivates continuous growth and improvement. You’ll learn from others, as they learn from you.
And you won’t just learn how to be a better professional, either. You’ll be exposed to people from all walks of life in a customer-facing role as a business coach, and when you are, you’ll learn more and more about yourself, and you’ll be able to support not just your professional development, but your personal development and growth, too. Growing personally will, of course, have knock-on positive impacts. Essentially, growth will lead to more growth.
Franchisees that choose to work on their personal growth see tremendous benefits, not only in their own lives but also in their businesses. Once you manage to improve your skills and qualities, those advances reflect on your team and grow your business in the long run.
3. Your work will be flexible, and you’ll be your own boss
Obviously, the specifics of your working hours will depend on the franchise that you choose to invest in, but in a general sense, most franchisees with business coaching companies can work from home and set their own hours, allowing you to enjoy real flexibility over your lifestyle. You won’t need to work 9 to 5 in the office, and more importantly, as the boss, you won’t need to pay the overheads and monthly fees associated with running an office.
As your own boss, and oftentimes, the person responsible for setting your own hours, you’ll need to develop strong self-discipline in order to manage your workload, set realistic timetables for work to be completed and prevent yourself from becoming overworked, overwhelmed and overstretched.
4. You’ll have access to plenty of support and training
Similarly to your continued opportunities to grow and develop, you’ll never be on your own as a franchisee. You’ll always have access to training and support from your franchisor, and when something goes wrong, you’ll be able to fall back on a built-in system of guidance and support.
Taking ActionCOACH as an example of what you can expect in the industry, you’ll need to make a minimum investment of £69,000 to become a franchisee. In return for this investment, you’ll receive:
- A 10 day initial training, or “University”
- A step-up training week
- Over 70 support days
- One to one coaching opportunities
- Access to a network of over 300 like-minded and hard-working franchisees
- Access to a guaranteed, proven system of coaching
- Quarterly planning and training workshops
- Weekly group skills coaching sessions
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5. You’ll enjoy a rewarding career
A career in coaching is widely regarded, by existing professionals and franchisees, as a rewarding choice. Though demanding and time-consuming at times, it’s also a chance to work with people on a daily basis, connecting with them and helping them to improve their business. The joy of helping others will be felt continuously, as you help your clients to:
- Make better choices
- Undertake smarter actions
- Live a balanced life
- Earn more money
- Find a suitable work/life balance
- Reach professional goals
- Sustain energy and enthusiasm
Not every franchise opportunity can be so meaningful, and if you’re looking for that kind of depth and importance in the work you undertake each day, you need look no further than a career as a business coach.
Become a franchisee and enjoy running your own business at a lower level of risk
If you’re interested in running your own franchise, but you’re not sure that a career as a business coach is the right fit, never fear. There’s plenty more out there to explore, from healthcare franchises to vending machine franchises. If you need to, start from square one. Browse Point Franchise’s full and comprehensive UK franchise directory.
Lily Sweeney, Point Franchise ©