It’s a bit of a hurdle for some people – “Is coaching worth it?” Let’s look at the cost and value of coaching.
If you’re thinking about coaching as a cost, then it’s probably not going to be something that you want to go ahead with.
But let me suggest to you that if coaching is going to work, you have to think of it as an investment and, of course, the implication of that is that an investment produces a return.
Warren Buffett has a great saying for framing this – “Price is what you pay, value is what you get.”
In this video, I look at the cost and value of coaching.
When you weigh up the cost and value of coaching, the question to ask is what the return could be if the work succeeds. A single change that improves your profit, frees up your time or fixes a people problem can pay for a lot of sessions. If you want to see what the work involves, have a read of what a business coach actually does. For some general background on weighing up spending, there is a helpful page on cost-benefit analysis. Price is what you pay, value is what you get.
