{"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":"<p>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<p>Starting a Business<\/p>\n<ul>\n<li>Pros:\n<ul>\n<li>Flexibility \u2013 as an independent business owner there is the greatest flexibility in terms of business model and services.<\/li>\n<li>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<li>Earning Potential \u2013 an independent business owner retains all profits.<\/li>\n<\/ul>\n<\/li>\n<li>Cons:\n<ul>\n<li>Financial Risk \u2013 the independent business owner is financially responsible for expenses and unsure of income.<\/li>\n<li>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.<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-5995\" src=\"https:\/\/www.CoachCert.com\/coachingblog\/wp-content\/uploads\/2015\/06\/fFiwRoDv3v5ExdJNTwFA3zZMSDOGDM0cmKdABwtASik-225x300.jpeg\" alt=\"The Business of Executive Coaching\" width=\"225\" height=\"300\" srcset=\"https:\/\/www.coachcert.com\/coachingblog\/wp-content\/uploads\/2015\/06\/fFiwRoDv3v5ExdJNTwFA3zZMSDOGDM0cmKdABwtASik-225x300.jpeg 225w, https:\/\/www.coachcert.com\/coachingblog\/wp-content\/uploads\/2015\/06\/fFiwRoDv3v5ExdJNTwFA3zZMSDOGDM0cmKdABwtASik-45x60.jpeg 45w, https:\/\/www.coachcert.com\/coachingblog\/wp-content\/uploads\/2015\/06\/fFiwRoDv3v5ExdJNTwFA3zZMSDOGDM0cmKdABwtASik.jpeg 576w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/li>\n<li>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<p>Joining a<a href=\"https:\/\/www.coachcert.com\/coaching.html\" target=\"_blank\" rel=\"noopener\"> Coaching<\/a> Firm<\/p>\n<ul>\n<li>Pros:\n<ul>\n<li>Support Gaining Clients \u2013 when joining a firm, a coach has help getting clients.<\/li>\n<li>Daily Interaction with Colleagues \u2013 working with others in a firm is often a motivator for being at work and the day-to-day conversation is typically supportive.<\/li>\n<li>Help with Challenges \u2013 within a firm there is opportunity for getting advice and logistical assistance with challenges.<\/li>\n<\/ul>\n<\/li>\n<li>Cons:\n<ul>\n<li>Loss of Private Clients \u2013 often joining a firm means giving your contacts to the firm.<\/li>\n<li>Shared Earnings \u2013 coaching fees are shared with the firm.<\/li>\n<li>Directed Niche \u2013 firms typically direct the type of coaching offered.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Employment in a Large Organization<\/p>\n<ul>\n<li>Pros:\n<ul>\n<li>Health and Vacation Benefits \u2013 large companies have great benefits.<\/li>\n<li>Greatest Level of Security \u2013 large companies are more secure in terms of the job.<\/li>\n<li>Built-in Clients \u2013 large companies have the full client base on hand.<\/li>\n<\/ul>\n<\/li>\n<li>Cons:\n<ul>\n<li>Restricted Work Focus \u2013 the type of coaching is job related only.<\/li>\n<li>Corporate Culture and Politics \u2013 as an employee, navigating the culture is required.<\/li>\n<li>Capped Earning Potential \u2013 large companies will have salary caps.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Whatever the decision, executive coaching is incredibly rewarding work.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <\/p>\n","protected":false},"author":1,"featured_media":5995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[70,52,91,211,89,374,132,63,103,61,57,78,82,79,76],"class_list":["post-5994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-achieve-and-sustain-excellence","tag-build","tag-business-coach","tag-clients","tag-executive-coach","tag-executive-coaching-business","tag-executive-coaching-certification","tag-niche","tag-opportunities","tag-organization","tag-part-or-full-time-coaching-business","tag-rapport","tag-roi","tag-skills","tag-understand","latest_post"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/posts\/5994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/comments?post=5994"}],"version-history":[{"count":3,"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/posts\/5994\/revisions"}],"predecessor-version":[{"id":10629,"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/posts\/5994\/revisions\/10629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/media\/5995"}],"wp:attachment":[{"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/media?parent=5994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/categories?post=5994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coachcert.com\/coachingblog\/wp-json\/wp\/v2\/tags?post=5994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}