{"id":5994,"date":"2015-08-17T10:34:30","date_gmt":"2015-08-17T10:34:30","guid":{"rendered":"http:\/\/centerforcoachingcertification.com\/coachingblog\/?p=5994"},"modified":"2022-09-14T17:50:53","modified_gmt":"2022-09-14T17:50:53","slug":"the-business-of-executive-coaching","status":"publish","type":"post","link":"https:\/\/www.coachcert.com\/coachingblog\/the-business-of-executive-coaching\/","title":{"rendered":"The Business of Executive Coaching"},"content":{"rendered":"
For those seeking to be an Executive Coach there is often a big decision to make: whether to start an independent business, join an existing firm, or to be employed as an internal coach in a large organization. Explore the pros and cons of each option.<\/p>\n
Starting a Business<\/p>\n
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Pros:\n
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Flexibility \u2013 as an independent business owner there is the greatest flexibility in terms of business model and services.<\/li>\n
Decision-making control \u2013 an independent business owner makes all of their own decisions including work hours, who to take on as a client, and where to focus efforts.<\/li>\n
Earning Potential \u2013 an independent business owner retains all profits.<\/li>\n<\/ul>\n<\/li>\n
Cons:\n
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Financial Risk \u2013 the independent business owner is financially responsible for expenses and unsure of income.<\/li>\n
Multiple Roles \u2013 the independent business owner is the sales team, the administrative team, customer service, etc. in addition to the actual service provider until the business grows enough to bring on others.<\/li>\n
Time to Focus on Specific Expertise \u2013 with the multiple roles involved and the demands for earning, a business owner is often facing time limitations for further developing expertise.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
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