From Informed Decisions : Conversations and Q&A with Randall Craig and Ronja Francoeur.
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Business Growth Coaching: Worth it? Or Waste of Time?
About this episode:
It seems that every where you turn these days, everyone is a coach. So in today’s session, we are calling out the “coaching industry”… on its proliferation, value, and fees.
We see cheap coaches aplenty, and then there are also exceptionally expensive ones. Let’s put Randall in the hotseat and explore how he sees the differences in approach and value, and help clients get the best from their coaching relationship.
Part 1
Part 2
Topics Discussed (with timestamps)
• What are the biggest misconceptions about coaching and what do leaders need to know to get real value from their business coaches? (0:42)
• 1 in 6 Business leaders use coaches: What do you make of this statistic? (8:39)
• Impostor Syndrome and the coaching industry: Are coaches preying on people's insecurities? (11:12)
• What are the most important factors for a successful coaching relationship? (14:30)
• How does the "cult of personality" play into the popularity of coaches?(18:28)
• A business coach vs a consultant: Do clients come to one when they really need the other?(20:58)
• Using multiple types of business coaches simultaneously: Is this advisable?(28:24)
• Should senior leaders of an organization all use the same coach or have different coaches?(31:39)
• Some leaders swear by coaches while other don't respect it: Why such a wise gap of opinion about business coaching?(36:04)
• Group coaching vs one-on-one leadership coaching. (0:15)
• The lifecycle of a coaching client: Is there a predictable arc? (3:34)
• What assurances can be made to clients that leadership coaching will drive results? (10:00)
• Offboarding a client: What are the good and wrong circumstances? (13:43)
• Business coaching fees: What considerations go into how coaches set their rates? (18:28)
• Prepping for coaching calls: Does the amount of prep affect the coaching fee?(24:26)
• Coaching industry regulation and barriers to entry. (27:20)
• Who defines the problems worth tackling: The client or the experienced leadership coach? (31:10)
• What is the most important perspective shift to be had to get the most out of a business coaching relationship? (37:59)
Curious? Questions? Interested in exploring the possibilities?