Do You Own a Business but Feel Like You Could Benefit from Some Extra Support? If this sounds like you, you have probably started looking for ways to improve your business.
Business coaching can cost anything from £100 to over £1,000 a month. Let’s explore this in more detail in this post – and by the end of this blog, you will have a better understanding of how much different business coaches charge. Read on to find out more.
Types of Business Coaches
Every business coach is different, which is why it is important to find the right one for you and your business. Of course, you’re not going to have an identical coach for every niche and/or area you need to improve in, which is why there are different types of coaches for specific needs within a business.
Business coaches can provide you with many opportunities and benefits, especially if you’re looking for a business coach who can expand your business portfolio and revenue. Here are the different types of business coaching options:
Type of Coaching | Description | Average Cost | The Reason Behind the Price |
---|---|---|---|
Group coaching sessions | Sessions that involve groups of people in similar industries. | £100 to £1,000 a month | Group setting, duration, not personalised to your business. |
1-1 coaching sessions | Sessions that are tailored to you as an individual. | £250 to over £1,000 a month | 1-1 setting, personalised to your business. |
1- Group Coaching
Group coaching is focused on getting a group of like-minded people together, whether that be business owners, employees in similar industries, or many other possibilities.
Running a business comes with a large amount of responsibilities, and if you can’t keep up with the pressures it brings, you will have others there to hold you accountable during business coaching sessions.
Group business coaching services would be valuable for solo entrepreneurs looking to start their own business or an established business looking to add ideas to their current situation.
Sharing experiences, knowledge, and tips around the group can help you with your everyday performance, along with shortening the list of mistakes that you could make.
What to Expect
There are a range of skills you will learn and advantages you can expect from group coaching, such as:
- Accountability
- Leadership skills
- Support
- Increased confidence
Did you know that 72% of business leaders believe that effective communication is the key to increasing their team’s productivity?
Another main priority of these group coaching sessions is learning the essential business skills to create a profitable and sustainable business long-term.
2- One-to-One Coaching
One-to-one coaching is personalised to your needs. If you have personal issues, a certain aspect that you want to cover, or even an area that you need to improve on, your business coach will plan around you.
Rather than having others and a business coach keep you accountable, you will only have the business coach and yourself to stay on track with your goals. Many believe that this is the way forward because you will get tailored help and all the focus will be on you and your goals.
Whereas, if you had others in the group, the attention towards your desires would be hindered. However, the social aspect and additional people to learn from will be a benefit.
There are advantages and disadvantages to each one; therefore, if you’re a small business owner or a successful business owner, YOU choose the coach that you think is best for you and your business.
What to Expect
The cost of one-to-one coaching represents the amount of time and value you receive under the wing of a professional mentor who has spent years of their life building successful businesses.
Whether it is weekly calls or weekly meetups, there are no areas of business that a one-to-one coach will miss. But what can a one-to-one business coach help with? It’s simple; these coaches can help with:
- Improving your sales process
- Increasing brand awareness
- Assisting you with your marketing strategy
- Providing you with networking opportunities
- Improving your confidence
If you’re clever about the way you approach the one-to-one meetings, you will be asking relevant questions and making notes about the details you will need to implement in the future.
What Business Coach is Best for Me?
Now that you have a better understanding of the different types of coaching and price ranges that you will experience, the decision is yours. Whatever you think will be advantageous to your business the most while keeping your business profitable and running effectively is the course of action you should take. Looking into your budget to see what is appropriate for your current income and future goals is what you must decide.
If you have a relatively large amount of disposable income, taking the leap with one-to-one coaching sessions will typically offer additional, personalised, detailed business advice. However, there is no problem going ahead with business coaching group sessions. Remember, it is about what you feel is best for YOU.
What Affects the Cost of Business Coaching?
The cost of hiring a business coach can vary depending on a number of factors, such as:
- Location
- Experience
- Reputation
- Knowledge
- Results
It is important to do your research before deciding on a business coach to make sure that they are right for you and your business.
Coaching Sessions With MOVE
Here at MOVE, we offer a wide range of coaching sessions, including group netwalking sessions or online meetings. Our netwalking sessions allow you to connect with like-minded individuals while networking at the same time.
If you have any questions about what may be best for your business, contact us today at 07852 970 718, and we’ll get back to you as soon as possible!
![Mark Waldron, a white Caucasian male with dark brown hair wearing a MOVE branded dark grey t-shirt](https://move-online.co.uk/wp-content/uploads/2023/08/Mark-Waldron.jpg)
Mark is a multi-award winner in business networking and relationship building. He is passionate about coaching and mentoring business owners and professionals through 1-1 & group coaching, team performance workshops and group mastermind sessions.