Written by Julia Stewart
MyCorporation just shared an excellent infographic based on research they did, along with Pepperdine University, that shows wonderful trends for coaching businesses. This was not a study of coaching businesses specifically, but of business, in general.
Here are some highlights:
- 54% of businesses that grew in 2013, were "micro-sized". In other words, tiny businesses, such as coaching businesses, grew the most.
- One of the fastest growing sectors included "professional services". In other words, businesses such as coaching businesses.
- The "Khan Academy Effect" is driving a revolution in education, with tutoring expected to grow into a $100Billion business in 2014. As you may know, many tutors use coaching skills and many coaches do tutoring. In fact, Khan Academy doesn't call it tutoring; it calls it coaching.
- One of the few dark spots in this infographic is that apparently it was harder for businesses to get loans in 2013 than it was in 2012. Since coaching is one of the least expensive businesses to launch, that's not a problem for coaching businesses. Scroll to the bottom to learn more about becoming a successful coach.
Want to learn more about becoming a coach and launching your own successful coaching business?