School of Coaching Mastery

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Coaching Trends & the Future of Coaching

Posted by Julia Stewart

Future of Coaching

 

What’s on the horizon for the profession of coaching?

 

 Let’s look at today’s trends and then imagine the implications…

TREND: With artificial intelligence expected to replace many humans in professions that rely on knowledge and linear thought, such as medicine and law, thousands are training for fields, such as coaching, where intuition, creativity, people skills, and communication tools are more difficult to replicate in machines.

TREND: Coaching skills have become wide-spread among workers who manage others.

TREND: Coaching horror stories are on the rise.

TREND: Hundreds, if not thousands, of privately-own coach training schools have formed.

TREND: However, coach training is increasingly found in universities with sky-high tuition.

TREND: As the climate crisis continues to grow, distance communication, working from home, virtual meetings, and other forms of distance work will rise.

TREND: Webinar training tools, video chat, and other distance-learning and communications systems are evolving and improving.

TREND: Scientific Research on coaching is on the rise, proving a scientific basis for coaching results.

TREND: Positive psychology has become a source of powerful coaching tools.

TREND: It is too late to prevent climate change, climate resilience for seven billion people, is a worldwide goal, and resilience is a top deliverable of positive psychology coaching.

TREND: Neuroscience and neuroplasticity powerfully inform effective coaching interventions.

TREND: Technology will continue to disrupt modern life at an ever-faster pace, with most people experiencing several major transitions in their lifetimes.

TREND: The number of coaching professional organizations and certifications that claim to be the ‘best’ continues to increase.

TREND: Professional coaching can now be found in virtually every part of the world.

TREND: Movements have been afoot, around the world, to regulate life coaching and other forms of professional coaching for decades, but so far, coaching remains unregulated.

TREND: Most coaching clients say they prefer to work with certified coaches.

 

If current trends in coaching continue, what is likely to happen in…

 

10 years:

Coaching Growth: The number of new professional coaches swelling the ranks will continue to grow. The number of professional coaches will level off over time, with a less-prepared, less-motivated coaches dropping out, due to increased competition.

Coaching reach: Coaching will no longer be considered exotic or only for the rich and famous. It is almost as common as personal training, today. In addition, non-professional coaches will exist throughout society and many people will experience the benefits of coaching from childhood onward.

Coaching delivery: Technology will provide coaches with excellent options for coaching their clients internationally, but local in-person connections will continue to be important, as technology continues to integrate online with offline. Coaching in corporate settings may continue to be delivered person-to-person, but most coaching will be likely to be delivered via computers, smart phones, and other mobile devices.

Coaching fees: Coaching fees have traditionally been sky-high since coaching’s inception. Fees will level off, with a furthering split between a relatively small group of elite certified coaches, who deliver high-end, high-paid coaching, and a much larger group of coaches who offer lower-paid services.

Coaching regulation: Professional coaching may be regulated in some countries, with many more in the process of developing regulations. These regulations will require coach-specific training, certification and/or college degrees, as well as adherence to standardized codes of ethics as requirements for coaches who coach for pay.

Coach training: Coach training via teleseminar or teleclass will go the way of the buggy whip. Many privately owned coaching schools will go out of business, leaving mostly coach training schools that are either approved by the ICF or are aligned with universities. Coach training will be delivered via multi-media distance learning and less via live training in universities and hotel conference rooms. As universities attempt to take over the job of educating coaches, the cost of coach training will skyrocket (Ex: Currently Penn State University offers the Master of Applied Positive Psychology for Life Coaches, at a cost of $50,000 for one year of training.)

Certifications and degrees: Consumers will commonly be aware of coaching horror stories and will know not to work with uncertified coaches. There will be no one certification, whether from a not-for-profit organization, or from a school, that dominates or is preferred – this will lead to further confusion amongst those who hire coaches, as well as those who want to become coaches. Newer coaches will have coaching-related degrees, certifications and/or certificates from ICF-approved schools and universities. Older coaches, those with years of coaching experience, but not the newer certifications and degrees, will survive only if they have excellent reputations as effective coaches.

 

20 years:

Coaching will be a mature profession that continues to evolve. Virtually all professional coaches will be trained and certified, and coaching regulation will be the norm. People will expect much more from professional coaches, partly because amateur coaches will be everywhere and partly because the dramatic transformations that occur with high-quality coaching will be expected, not just hoped for. Hypercomplexity, via technology and climate change, will be challenges that prompt people to hire coaches more often.

More dramatically, as a result of coaching's growth, society will evolve, with more people living values-driven lives. People will upgrade their expectations of life and will find creative ways to satisfy their new standards. Non-professional coaches will exist everywhere in society and many people will relate to one another with a ‘coach approach’. It will become common for people to be coached at every stage of life. What is considered masterful coaching today will be considered average professional coaching.

 

30 years:

Society will continue to transform due to the effects of climate change, artificial intelligence, and professional coaching, and coaching will be a highly respected profession. Excellent professional coaches will continue to earn high fees, but professional coaching will be regulated virtually everywhere. In addition, people throughout society will be coaching others for free. Since coaching can be used for ‘evil’, there will be both positive and negative effects, but the awareness that comes from coaching and being coached will make it harder to manipulate groups of people. Far more will be expected and required from politicians, business leaders, teachers, coaches, and other leaders. Individuals will live their lives more courageously and having a coach to partner through important transitions, will be considered an absolute necessity, which means virtually everyone will have a coach.

 

What do these coaching trends mean to you, the new coach?

 

  1. The future looks extremely bright for the cream of the crop. If you plan to be a professional coach and you want to be well paid, do whatever it takes to distinguish yourself as one of the best. That includes training, certifications, and evidence-based coaching skills.
  2. If you want to stand out quickly, take advantage of this small window of time to study with a privately-held school that will help put you head and shoulders above this increasingly crowded field. If you can afford to spend $50,000 on your training and there is a good-quality university coach training program that will actually teach you to coach, consider it. Because currently most universities only teach about positive psychology, leadership, and other related fields, but neglect in-depth skills and philosophies that make for great coaching and for coaching success.
  3. Get at least one coach certification from a not-for-profit organization, such as the ICF. Consider getting more than one such certification, since that may soon be a requirement for practicing coaching where you live and it’s impossible to predict which current organization, if any, will prevail.
  4. Continue to upgrade your knowledge and skills throughout your career. It will help you stay up-to-date on important trends, earn higher fees, and it’ll help you stay in business if/when regulations occurs.
 

The School of Coaching Mastery Certified Positive Psychology Coach® Program provides coaches with the skills and certifications they need to prevail now and well into the future. Get the facts about this innovative program...

 

Get Certified Positive Psychology Coach Fact Sheet

 

Topics: coach training, coaching success, ICF, Coach Certification, Certified Positive Psychology Coach, coaching schools, get certified, coach training program, coaching career, coach training school, Positive Psychology, experienced coaches, Neuroplasticity, positive psychology coach

Does a Psychotherapist Need Coach Training to Become a Coach?

Posted by Julia Stewart

Do Psychotherapists Need Coach Training

At School of Coaching Mastery, we get tons of inquiries from people interested in becoming coaches. Quite a few of those inquiries come from psychotherapists. Questions from psychotherapists about coach training fall into two types.

The first type of question, from psychotherapists who are interested in coach training, are from therapists who assume that coaching and therapy techniques are the same and therefore their degrees and years of practicing therapy should exempt them from coach training, or that they should take the shortest and cheapest route to coach certification. Those coaches often mention that coaching is unregulated and that they already coach their therapy clients with skills such as, training, education, and support. Usually, they're looking for confirmation that they can just call themselves coaches, or they're looking for a fast, easy, and inexpensive course for therapists.

This group of therapists are sometimes surprised to discover that "not regulated" does not equal "anything goes" in professional coaching. Coaching is well-researched; we know what techniques work best (often not those used in therapy), we have codes of ethics and well-defined standards of certification. The reason we're still unregulated is because we don't target vulnerable populations or people in crisis. Never-the-less, we may become regulated eventually, and approval and certification from well-established professional organizations, such as the ICF, will likely be beneficial for professional coaches.

This group is also sometimes surprised to discover that they don't actually understand what coaching is, what it is for, or how to do it. Coaching is not practicing therapy without a license, nor is it therapy without a diagnosis. It is neither training, nor education. It is not advice giving nor consulting. It is not a way to practice something you're not licensed for, just because you call yourself a coach. I'm reminded of the woman who told me she called herself a coach, but was actually practicing conversion therapy (an attempt to convert a gay person to straight), which she couldn't get licensed to do, because being gay isn't an illness and therefore no one can be "cured" of it. I told her what she was doing violates coaching ethics.

The second set of questions come from therapists and counselors who also have advanced degrees in psychology or psychotherapy, including holders of doctorate degrees and professionals who have been practicing for years. This group is usually well-informed, has high standards, and is genuinely excited about becoming coaches. A sizable percentage of these coaches join our Certified Positive Psychology Coach® Program, because they love the focus of coaching, which is on flourishing rather than healing, and because they're excited about the new direction positive psychology is taking, away from pathology and towards well-being. This latter group fits in perfectly at School of Coaching Mastery and we encourage them to join.

We have an application to join the Certified Positive Psychology Coach® Program, which helps us weed out people who aren't likely to succeed as coaches. You don't have to have a professional degree in psychology to be accepted into the program, but if you do need to be excited about becoming the best coach you can be, so you can offer maximum benefits to your coaching clients.

If you're a psychotherapist, or anyone, who thinks you may want to become a coach, ask yourself why. If it's mainly because coaching is trendy and well-paid, but you have no deep passion for it, no amount of money or time spent on coach training will be worthwhile for you. However, if you love the idea of helping people reach their full potential and attain exciting goals or dreams, this may be the profession for you. Apply to the program to find out.

Interested in becoming a positive psychology coach? Get the free Become a Positive Psychology Coach eBook here:

Free Become a Positive Psychology Coach eBook

 

 

 

Topics: coach training, become a coach, ICF, coaching vs. therapy, Certified Positive Psychology Coach, psychotherapy, Positive Psychology, life coaching vs. psychotherapy

ICF Credential vs. IAC Life Coach Certification

Posted by Julia Stewart

certified_coach_goldribbon.jpgI interviewed my friend and colleague, Donna Steinhorn, IAC MMC, ICF PCC, on the difference between ICF and IAC life coach certification. Unfortunately, the recording was no good, which is one of the of the many reasons that attending live is always the best policy.

The feedback from coaches who attended the interview has been awesome. So I'm going to add a few highlights here, in case you missed it.

The two organizations, themselves, are of course, the ultimate authorities on what they do and they change their policies from time to time. So if you're looking for highly detailed info, visit their respective web sites. The ICF's is coachfederation.org and the IAC's is certifiedcoach.org.

Donna has been deeply involved in coach training and certification for many years and is one of only a handful of coaches who have both ICF and IAC coach certifications, which is why I chose her for this interview ~ that, and the fact that Donna is fun to talk with.

Both Donna and I have been on the coach training and certification bandwagon for eternity (Donna is a member of SCM's Board of Advisers) - and we're both rebels, so we have a shared skepticism, as well as support of these two leading professional organizations and their respective credentialing processes.

We began our conversation by noting that there are limitations to both ICF and IAC coach certifications. Each has its own coaching competencies (or masteries, as the IAC calls theirs). Each definitely has its own coaching style, which you need to be able to demonstrate. Neither style encompasses every possible way to coach brilliantly; they're just doing the best they can.

So why are there two professional coaching organizations and certifications? Actually, there are zillions of them - some completely bogus - but these currently are the most respected. Oddly, the same man, Thomas J. Leonard, the 'Father of Professional Coaching', founded both the IAC and ICF. Thomas founded the ICF in 1995 and later, the IAC in 2003, just before he passed away.

ICF credentialing, as it's called, emphasizes coach training, mentoring and experience, as well as an online test and demonstration of coaching skill. Thomas sought to streamline the process of certification with the IAC, which emphasizes the results of coach training, mentoring and experience, rather than the documentation of it. This makes the IAC certification process a bit simpler, but it's by no means easier, because coaches need to demonstrate masterful coaching skills. Only about 25% of coaches who apply for IAC Coach Certification pass on the first try.

The ICF has three levels of coaching credentials: The Associate Credentialed Coach (ACC), The Professional Credentialed Coach (PCC), and the Master Credentialed Coach (MCC). The IAC currently has only one certification, the Certified Coach (IAC-CC), but from what I've observed, the level of coaching skill required by the IAC is roughly comparable to the ICF MCC. (UPDATE: the IAC added another 'intermediate' level of certification, as well.)

Finally, the ICF has two pathways for credentialing: The portfolio route allows you to get your coach training anywhere and the accreditation path requires you to study at an ICF accredited coach training school. The IAC doesn't require demonstration of coach training, just the results of it: masterful coaching skills. I know most IAC Certified Coaches and I believe all of them have had substantial coach training and/or mentor coaching. Donna says there may have been one coach who passed without being trained.

I asked Donna if there were any hidden costs to getting certified by either organization. She mentioned the mentor coaching requirement by the ICF, which would cost you about $350 - 400 per month, but Donna doesn't consider that a hidden cost, since all coaches need to have their own coaches at all times. Personally, I don't think anyone needs a coach every minute of their life, but coaches are foolish if they don't work with successful coaches of their own. I worked with two excellent mentor coaches while I prepared for IAC Coach Certification.

What, in Donna's opinion, is the best benefit of getting certified? She considers the coach directory on the ICF website, which only lists ICF credentialed coaches, to be by far the best benefit, because it brings her a steady stream of potential clients. We agreed that the IAC would do well to offer such a benefit to its own membership.

Finally, which coaches need certification most? Donna says corporate coaches and perhaps executive coaches, since companies usually want to see credentials. She doesn't believe life coaches need to be certified, but I've seen anecdotal evidence that clients are screening life coaches more carefully than they used to. Even new life coaches are telling me that potential clients ask about training and certification.

School of Coaching Mastery's Certified Positive Psychology Coach® program prepares coaches for ICF credentialing.

So there you have the Readers Digest version of the ICF Credentialing vs. IAC Life Coach Certification interview.

Join a program that prepares you for ICF credentialing. Get started with this FREE fact sheet:

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Topics: certification requirements, coach training, coaching clients, ICF, Coach Certification, Thomas Leonard, IAC Certified Coach, certified coaches, Donna Steinhorn, IAC, certified coach, coach credential

5 Rookie Mistakes New Life Coaches Should Never Make [Are YOU Making These?]

Posted by Julia Stewart

New Life Coach

In my career as a coach trainer and mentor coach, I've known some amazing coaches who changed many lives, but I've also seen some embarrassing rookie mistakes and made a few, myself.

Some mistakes keep popping up on my radar, so here's the blog post i think about writing whenever I see one. I hope it helps!

5 Rookie Mistake New Life Coaches Should Never Make:

1. Using a personal email address as a business address. The address you use with family and friends, such as [email protected],  may fail to address the bedrock issue in business credibility: your professionalism. Don't communicate that you're an amateur by using a family address. And [email protected] may be your flirty way of expressing yourself on eHarmony, but it's TMI for business. Use your name and no one else's, or use your business name. Alternatively, tell people what you do with your address. One of my first was, [email protected]et. Of course, having your own web address is a bit more impressive. Another early address I used was [email protected].

2. Getting a website before you're ready. A professional-looking email address is a must. A website probably can wait. In the meantime, a robust profile on one or more coach directories will do and/or social media profiles or pages. In fact, these  provide feedback on what people respond to, so it's an awesome way to learn what will work for your website. Otherwise, you're likely to have a site that doesn't really represent you or your business. I knew a new coach who lived on Maui, whose coaching was about building thriving relationships, but the main image on her website was a single leafless tree in a frigid winter landscape. What? Most successful coaches take between a year and three years to get their first website. Get to know your business self, your clients, and what communicates what you do, effectively. No rush.

3. Quitting your job at the wrong time. I've had coaching students who quit their jobs the week after they joined my school. I love their confidence and commitment, but they tend to struggle. Coaches take between 3 months and 5 years to fill their coaching practices. With Coach 100, it takes between 6 months and a year. That's a long time to go without a full-time income. On the flip side, I've known coaches who hung on to their jobs too long. One excellent coach had a quarter of a million dollars in financial reserves, but still too nervous to make the leap. A big part of what coaches do is help clients get over the fears that prevent success, so get your own coach, if you're feeling stuck. On the other hand, if you're ultra-risk-adverse, consider coaching within a large organization, if that helps you feel more stable.

4. Not getting your own coach. How can you call yourself a coach, if you've never been coached? More to the point, how will you know to make smart rookie choices, if the only coaches you talk to are other rookies? You need your own coach, period. Think of it as a business deduction. Find your coach here.

5. Not getting training. There are still a couple of old timers who tell rookie coaches that they don't need training, but that's not fair to rookies. 20-30 years ago, there was no training, but a few talented people invented coaching, anyway. The rest of us have Thomas Leonard to thank for putting coaching on the map and starting the first coach training school and international coaching association. Like having your own coach, getting coach training flattens your learning curve, helps you make smarter choices, and contributes to your success. Coaches with training become successful quicker and are less likely to quit the profession. Don't take my word for it. Ask your coach.

Don't make rookie mistakes. Get the free Become a Coach eBook:

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Topics: coach training, become a coach, Free, Coach Training Programs, Life Coaches, Thomas Leonard, Mentor Coaching, Certified Positive Psychology Coach, coach training program, FIND A COACH

School of Coaching Mastery: Why Everyone is Welcome

Posted by Julia Stewart

United Nations Photo.jpg

There's a post going around Facebook that discusses whether the International Coach Federation (ICF) should host any more of its Global Coaching Conferences in the United States, now the the US has placed an immigration ban on people entering from certain countries, because many of the ICF's members are from those countries and would not be able to attend.

In addition, some non-Americans are now refusing to enter the US for either work or pleasure, based on ethical grounds. And I have seen statements from organizations I admire that iterate that they are inclusive, regardless the current political climate.

SCM has always been inclusive and I'm proud that our students come together in interactive webinars from North and South America, Europe, the Mideast, Africa, Asia, and Oceana in a spirit of respect and trust.

Where ever you are from, you are welcome here.

I am so glad we are a distance-learning company and the travel ban does not effect us. It would be heart wrenching for us all, but most of all for those who are directly affected.

We believe strongly in inclusiveness, regardless of skin color, religion, nationality, gender, or sexual orientation. If you agree, we welcome you.

Trust and respect are fundamental to relationships and are the foundation of honesty and ethics. No one can coach well without them. Therefore they are requirements of professional coaching. All of our students are required to sign a Best Practices for Professional Coaches pledge to that effect.

Here is a specific passage from that pledge:

  • Professional coaches are unconditionally respectful to all people regardless of gender, race, color, religion, nationality, politics, or sexual orientation. They are respectful because that is who they are, not just because it is the law or because they have taken an ethical oath.

If you are someone who is naturally respectful of others, regardless where they come from, you may fit in well at School of Coaching Mastery and you are welcome here.

Explore coach training programs:

Check Out Coach Training Programs Here.

 

 

Topics: coach training, School of Coaching Mastery, webinar, Facebook, ICF, best practices

What's the Difference Between a Professional Coach and an Entrepreneurial Coach?

Posted by Julia Stewart

Professional_vs_Entrepreneurial_Coach.jpg

What's the difference between a professional coach and an entrepreneurial coach and why does it matter?

I recently received a couple of emails from someone on my mailing list who asked questions such as these. He took issue with a lead-nurturing (a type of marketing) email he received from us in which I frankly advise new coaches to get good coach training and reputable coach certification.

The writer identified himself as an entrepreneur, who offers coaching as one of his services, so I answered him in language I thought he would understand:

I said we were very clear who our ideal student is and he probably wouldn't resonate with our messages, since they are targeted at people who want to become professional coaches, rather than entrepreneurial coaches. I wasn't interested in arguing the relative merits of professionals vs. entrepreneurs, so I neglected to add that I have a strong bias toward professional coaches, for whom training and certification are a must, as opposed to entrepreneurial coaches who generally rely their reputations, experience, and instincts, to coach. That, by the way, is why I started a coach training school that certified coaches.

A coach used to be considered half professional and half entrepreneur, 15-to-20 years ago, and the Founder of the Coaching Profession, Thomas Leonard, was a perfect example. He started multiple coaching schools and professional organizations, in his lifetime, but was a classic entrepreneur who embodied the creativity, drive, productivity, and ongoing dialogue with his customers, that entrepreneurs are known for. That said, his major contribution to coaching was the turn toward professionalism and he embodied a stellar reputation for integrity, ethics, quality, and service that went way beyond profits.

The two photos above show, on the left, a professional coach who displays an openness and willingness to serve clients. On the right, shows an entrepreneur who's burning with his vision for designing a successful business. Both may be useful to coach with depending on what you want to work on. Neither is automatically better, but the professional coach is more thoroughly defined and has qualities that can be more easily recognized and evaluated.

Since Thomas' death in 2003, a leadership vacuum opened up. Much of it was filled by entrepreneurs who were focused more on marketing and sales gimmicks that drive profitability, than on helping clients grow and reach their goals. There are still a few good entrepreneurial coaches, but unfortunately they are increasingly outnumbered by scam artists and well-meaning wannabe's who may give bad advice.

I've known quite a few people whose lives have been transformed for the better by working with professional coaches. I also have known a handful of people whose lives have been ruined by entrepreneurial coaches. That doesn't mean all professional coaches are great, or that all entrepreneurial coaches are bad. Sometimes the opposite is true. It just isn't that simple, but over the years, I've moved away from the "half-professional/half-entrepreneurial" approach to coaching in favor of primarily being a professional and I advise my students to do the same, because it appears increasingly that professional coaches tend to deliver better results for clients and professional coaching is also a better model for coaching success. 

I've been clarifying the distinction between professional coaches and entrepreneurs with my Coach 100 students for over a decade and realized that it could be helpful to many of our blog readers too, so here goes.

Pro_coach_vs_entre_coach_table.jpg

Whether you are a professional coach or entrepreneurial coach isn't really an either/or choice; it's both/and. Because coaching is still not regulated, so there is tremendous freedom for practitioners. But at the same time, it's the professional side of coaching that is driving much of coaching's positive reputation.

If you're looking for a coach, you may want to use the above table to determine how professional your potential coach is. You have a bit more knowledge and power, because professional organizations define what you can expect. Also, if your coach is a member of the International Coach Federation (ICF), you can file a complaint against a coach-member who fails to uphold the ICF's Code of Ethics.

Remember that lead-nurturing email from above, that advises good training and certification?

Recent research by the ICF found that coaches who get good training are more successful and less likely to quit the profession, while coaching clients say, all else being equal, they prefer to work with certified coaches. If you're new to coaching, my advice is that you get both coach training and certification to increase your confidence and success.

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Topics: professional coach, professional coaching, coach training, Coach 100, ICF, Coach Certification, Thomas Leonard, certified coaches, coaching ethics

The Top 10 Worst Advice We've Ever Heard About Becoming a Coach

Posted by Julia Stewart

 

I truly love coaching. So much so, that I've devoted the last 15 years of my life to it (The last 9 years have been about helping life coaches, business coaches, and executive coaches succeed via School of Coaching Mastery).

Why? Because truly great coaching melds optimism, personal growth, relationship skills, and helping people be their very best. Plus, it's fun, inspiring, and a great way to make a living, unless you are one of the unlucky souls who get snagged by the wrong advice, like the poor sap JP Sears portrays in the How to Be a Life Coach (Not) video, above.

JP is playing for laughs. But here's the sad part: What he says and does in this skin-crawling satire of a life coach, is remarkably close (even identical, in some cases) to advice given by hundreds of self-proclaimed expert "coaches". You'll recognize them by the yachts, sports cars, and private planes they like to pose in front of, or in the opposite extreme, the spiritual, heart-centered props and rhetoric they used to sell their Law of Attraction "abundance" programs. Yuk.

These coaches are fake. Most don't coach at all (even if they call what they do "coaching"), or they use coaching skills to manipulate their customers into buying more and more products and programs, instead of employing those skills to help their customers succeed. This violates basic ethical practices in professional coaching.

You see, if you succeed, you won't need to buy any more advice from them, and that's no good for their bottom lines.

Here's a Top Ten List of Bad Advice for Coaches. Beware...

  1. You can't make a living as a life coach. Oh really? Why then, has coaching been one of the fastest growing professions for the past two decades? The US Bureau of Labor Statistics says professional and business services, such as  coaching, is one of the one of the fastest-growing sectors, right now. If anyone tells you that you can't make a living as a coach, ask yourself why they said that. Did it come from your sour-puss brother-in-law who pours negativity on every new idea? Maybe get a second opinion. Or does it come from a friend-of-a-friend who went broke trying to become a coach? Probably they took some of the following advice. Read on...
  2. Quit your job. If coaching is growing so fast, why not just quit your job and start coaching? Because, unless you are hired by a company, like Google, to coach their employees, you probably will be starting your own coaching business. And no business, no matter how successful it becomes, is profitable on Day One. And nobody is going to cut you a full-salary paycheck two weeks after hanging out your shingle. It takes time. Either keep your current job, or work part-time to cover your bills, while you build your awesome new business. Otherwise, terror over not having enough to cover the mortgage will make you desperate and that's when you'll become vulnerable to the following scams...
  3. Learn internet marketing. Internet marketing is a seductive hotbed of get-rich-quick schemes. Self-proclaimed million-dollar-coaches, seven-figure-coaches, wealth coaches, and gurus of every stripe will offer to teach you how to "Explode Your Profits!!!", "Live a Life of Abundance!", and more, with free webinars, cheap products, expensive workshops, and incredibly high-priced "coaching", "mentoring", or "personal advising" programs. Coaches who have been ensnared by these snake-oil salesmen have gone bankrupt, lost their homes, and more. The only people who get rich quick in this world, are the people selling the products and often even they are faking their own "success". Avoid their advice at all costs, especially if it includes...
  4. You must have a niche to succeed. I was lucky. I studied coaching with Thomas Leonard, the Founder of the Coaching Profession, who taught his students, flat out, that you don't need a niche to succeed with coaching. It's fine if you don't have one, especially when  you start out. If you develop one over time, that's fine too, but don't sweat it. Why do "experts" keep saying all coaches must have niches? Because new coaches, by definition, don't have niches, and once they "discover" that not niching will prevent them from getting clients, they go into the same fear-fueled panic that plagues coaches without enough income - and then they are ripe for all the hype internet marketers throw at vulnerable new business owners - and they start buying workbooks, seminars, and "coaching programs" that will help them discover their niches. I just talked to a former student of mine, a smart, talented, accomplished coach; who says she spent the last year taking classes and doing exercises to find her niche. It was both expensive and time-consuming and none of it helped her get clients. She's feeling a bit bitter, just like coaches who follow this bad advice...
  5. Get a web site immediately. If you're a web developer, this is the advice you'll give every new business owner. But many businesses, including most coaching businesses, don't get clients via their websites. What? Nobody will take you seriously if you don't have a web site, you say? Tell that to the thousands of successful coaches who didn't get web sites until after they'd been coaching for two or three years (including me). In the meantime, use a directory listing or Facebook page, or LinkedIn profile as your web address. You'll save time and money and will have more flexibility in developing your web presence over time. Plus, a successful coaching site needs thousands of visitors and in order to get them, you will either need to become a search engine optimization (SEO) expert, or you'll have to hire one. Then again, you'll need a web site in order to do what internet marketers say you must do in order to make millions...
  6. Sell products. These can be information products, such as audio and video recordings, workbooks or eBooks, anything to build up multiple streams of income, because you can't make a living as a coach, right? I fell for this for about a year and made much less money than I had when I just coached one-to-one. If you enjoy creating products, that's good, but unless you have thousands of people on your email list, you'll hardly sell any of them. Not nearly as good a return on investment as coaching one-to-one, which according to the most recent ICF coaching survey, pays over $200 per hour. Avoid the "products" stream at least until you have a stable full practice and you'll never have to fool with this advice...
  7. Get a sales funnel. This is another tool that only works if you have a big email list (it took me years to build mine), or fantastic SEO. Big companies often do use sales funnels effectively, but if you're a new coach, it's unlikely that a funnel will do anything but waste your time and money. Good coaches make most of their income coaching their clients and may supplement that with other services, and perhaps later on, a few products. If you're a new coach, studiously avoid this one and definitely the next...
  8. Max out your credit card. Or raid your daughter's college fund. Take out a second mortgage. Or sell one of your cars. This is the kind of bad advice fake "coaches" give when a customer tells them they aren't succeeding and are too broke to buy a $15,000 - 40,000 Platinum Program to get the information they really, really need to succeed. Again, if you're getting desperate, you will be more susceptible to this underhanded sales scheme. In fact, economic behaviorists have discovered something they call the "sunk-cost fallacy", in which people who are losing money, will continue to spend in a desperate attempt to recoup what they've lost. You see this all the time in casinos. And it's one reason marketing funnels work. The more someone spends, but doesn't quite get what they need, the more likely they will keep spending on the same stuff. I thought I was too smart for this, until I caught myself doing it, once. I was feeling a little desperate at the time, which is one reason why the following advice is so terrible...
  9. Don't get coach training. There's an old coaching guard out there that never got training, because there was none when they started coaching. Coaching scammers and internet marketers point to those veteran coaches as proof that nobody needs coach training. Why would they do that? Because a good coach training program will give you confidence, teach you what works, and warn you about what to avoid. Not good for those who want to prey on you. By the way, the ICF has found that coaches with training become successful more quickly, make more money, and are less likely to get discouraged and quit the profession. Good training is a lot less expensive than losing your shirt. And that brings us to our final bit of terrible advice...
  10. Don't get coach certification. Again, some coaches will angrily fight the idea that they need any type of credential. I suspect the anger is a cover for insecurity and more than a little paranoia. Because, once you're certified by a reputable organization, that fear tends to vanish, and because you've got a stamp of approval from a trusted source, that says you've got the right stuff. Will your clients ask you about it? Some will; some won't. Why lose even one client, because you didn't bother to get certified? According to the ICF, 84% of actual coaching clients say, coach certification is an important consideration for them. In some parts of the world, that percentage is even higher.

So there you have the worst possible advice for new life, business, and executive coaches.

If you don't have the training and certification you need yet, the ICF can point you to where to get it. And you can also get it here:

Check Out Coach Training Programs Here.

 

 

 

Topics: executive coach, coach training, Business Coaches, Life Coaches, Coach Certification, Thomas Leonard, becoming a coach

6 Requirements a Life Coach Must Meet to Coach Their Coaching Clients

Posted by Yvonne Box

Life Coach RequirementsAs a coach, you have both a fiduciary obligation and a duty of care to your clients, and those whom you come into contact with in the course of your work.  These are very important legal concepts that you may not have come across before. To the best of the writer’s knowledge, they apply in the same or similar way throughout the world.

The term ‘fiduciary’ (from the Latin trust and good faith), is a duty imposed by the law of equity (a branch of law relating to fairness), that relates to people who engage in a formal contract with others in roles such as advisors, attorneys/solicitors, coaches, consultants, partners, stockbrokers, etc.  (In the graphic above, the fiduciary obligation is represented by the smaller circle, because it only applies to people with whom you have engaged in a contract.)

It is designed to ensure that the client (who is usually paying for the service, although the client relationship also exists in unpaid situations), is able to rely on the advice, guidance and information given by the service provider (in this case the coach).

This reliance covers a wide range of issues, including the following rights of the client, which in turn form the obligations of the coach:

  1. to be able to rely on the coach acting entirely in the client’s best interests (to the extent that this may mean putting the client’s best interests ahead of the coach’s);
  2. to be treated entirely fairly;
  3. to maintain the relationship in strictest confidence;
  4. to have the coach disclose any conflict of interest that may arise during the relationship;
  5. to have the coach disclose any situation where the coach may not be able to fulfil their role effectively for any reason;
  6. not to have the coach take advantage of the client’s lack of knowledge or vulnerability to benefit the coach in any way.

Whatever you do in your client/coach relationship must be focused on the benefit for the client.  In the unusual situation where a conflict of interest between the client’s needs and your own needs arises, you must always put the client first.

While the fiduciary obligation is restricted to people who are in a contract of some sort, the slightly lesser duty of care applies to everyone with whom a professional or business person comes into contact in the course of their work, including people to whom you owe a fiduciary obligation.  (Duty of care is part of the branch of law known as the tort of negligence, and is also part of common law [that decided by courts].)  It is expressed as a moral duty to take reasonable care not to cause or permit ‘harm’ to any other person.

In the coaching environment, we have a duty of care to prospective future clients as well as current and past clients. We also have a duty to our colleague coaches, other professionals and people associated with clients, such as family members, employers, media, and the public at large.

Any assessment of whether a duty of care has been breached will usually take account of three specific factors:

  • In the United Kingdom, Australia and New Zealand (along with, I believe, many other developed countries), the basic test is the ‘reasonable person’ test. Would a reasonable person have acted in such a way, without first checking facts, or seeking further advice or information? 
  • What level of harm or damage has resulted from such action? (The higher the level of actual or potential harm that may arise, the greater the duty of care obligation.)
  • Were there any policy considerations or restrictions that should have alerted a person to a direction not to rely (partly or exclusively) on advice or information provided? (E.g. a disclaimer, warning, etc.)

Although these terms can at first seem quite confusing, they’re not actually hard to manage on a day to day basis.  Remember, if someone is your client, you have a higher level of obligation to them.  You must place their interests ahead of your own.  The duty of care is about not exposing people to risk.  Avoid this by using plain-language disclaimers or caveats, (both verbal and written, if necessary). 

This is a guest post by Certified Positive Psychology Coach® member, Yvonne Box. Yvonne_Box_-_headshot-1.png

If you would like to learn more about coaching issues like these, register for the upcoming Best Practices for Professional Coaches module. Click the big blue button to find this and other coaching training modules.

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Topics: life coach, coach training, coaching clients, coach

The Future of Coaching: New 2016 ICF Global Coaching Survey Results

Posted by Julia Stewart

ICF_Logo.jpgThe International Coach Federation (ICF) is the oldest (est. 1995) and largest (23,790 members, as of June 2016) not-for-profit professional coach association and certifier of life, business, and executive coaches (18,710 current ICF certified credential holders).

Periodically, the ICF, via PricewaterhouseCoopers LLP, administers a global study of coaches worldwide (including non-ICF members), the results of which, comprise a snapshot of where the profession of coaching is, right now, and where it seems to be headed. These coaching results may be the most accurate available.

Here are some fascinating highlights...

  • Over 15,000 respondents, from 137 countries, took the survey.
  • The ICF estimates there are over 50,000 professional coaches, worldwide.
  • Coaching earns over $2 Billion per year in US Dollars.

How much do coaches earn, yearly?

  • Income varies widely, but then, so does purchasing power.
  • Other factors include number of years practicing and type of coaching practiced.
  • Globally, coaches average $51,000 per year USD.
  • The highest earners are in Oceania ($73,000+), followed by N. America (almost $62,000), and W. Europe ($55,000+).
  • Lowest earnings are in E. Europe, Latin America, and the Caribbean ($18,000+ - $27,000+).
  • Most coaches (75%) expect their annual income to increase in the near future.
  • Some coaches (45%) expect their fees to increase in the near future.

Do coaches need coach training and certification?

The future of coaching:

  • The largest numbers of coaches see the greatest opportunities in Increasing awareness of the benefits of coaching (38%) and credible data on the ROI/ROE of coaching (26%).
  • An amazing 84% of coaches believe coaching can influence social change (that's one of the reasons I started this school).
  • 54% believe coaching should be regulated.
  • 85% of those believe professional coaching associations should be the regulators.

Get 125 ICF Approved Hours of Coach-Specific Training Here:

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Topics: Coaching, coach training, ICF, life coach salary, Coach Certification, future of coaching

Positive Psychology Coach Training Video

Posted by Julia Stewart

Here's a new video about positive psychology coach training by actor, coach, and host of "Marcus Recommends", Marcus Freed, SCM-CCC. He quotes positive psychology coaches, Valeria Pittaluga of Italy, Paula Facci of Brazil, and Jess Dods of the U.S.A.; about their experiences becoming certified positive psychology coaches.

If you want to quickly learn about positive psychology coaching, this video is packed with information in just over two minutes. Valeria calls positive psychology coach training a "brilliant opportunity" to learn about "healthy entrepreneurship". Paula mentions her increased confidence, "astonishing" results, and the "double digit growth" of her business. Jess says the results are "powerful and lasting" and he "highly recommends" this path to other coaches. Thanks to everyone who made this video possible.!

Enjoy the video here:

 

Learn more about becoming a Certified Positive Psychology Coach® here:

Learn More About Positive Psychology Coaching

Topics: coach training, Certified Positive Psychology Coach, video, Positive Psychology, positive psychology coaching, positive psychology coaches, positive psychology coach, positive psychology coach training

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