“Part consultant, part motivational speaker, part therapist and part rent-a-friend, coaches work with managers, entrepreneurs, and just plain folks, helping them define and achieve their goals — career, personal, or most often, both.” – Newsweek
What is life coaching?
The term ‘life coaching‘ has been growing in popularity over the last few years. Life coaching is a term that encompasses a coaching relationship between two individuals – the coach and the participant – that seeks to find where the participant feels held back or limited in life, and that helps the participant reach the goals they have in mind.
Life coaching was defined perfectly by Newsweek in the quote above. The new version of motivational speakers, life coaches may speak to large crowds or they may work only with individuals. Life coaches have a knack for viewing the big picture and helping clients move from frustration and feelings of professional failure into productivity and the joy of reaching goals.
Who needs a life coach?
Anyone can use a life coach if they’re having trouble meeting goals or staying on track. Lifecoach.com says “If there is a gap between where you are now and where you want to be, there is room for life coaching.” However, certain roles and career paths make you more suited for life coaching services.
Life coaches regularly work with:
- Corporate executives
- Business influencers
- Small business owners
- Startup founders
- Remote workers
Does life coaching work?
We can’t definitively say whether life coaching makes a difference in an individual’s life, but we have a suspicion that you get what you put into it. As with all forms of self-improvement, without true commitment from the participant, results won’t be achieved.
We’ve found some statistics from the journal Public Management that do seem to support the effectiveness of life coaching. This study found that when compared to training alone, training with life coaching served to increase productivity by 88% (with training alone, productivity rose 22.4%).
How does life coaching affect productivity?
Accountability – Have you ever hired a personal trainer? Many report that they work out much harder and for a longer period of time when working with a personal trainer. Many life coaching clients report the same thing – that looking forward to a weekly or biweekly scheduled call with their coach makes all the difference in keeping them motivated. Having that raw accountability with someone you can be honest with about your shortcomings (and successes!) can serve to boost your productivity.
Bold truths – Life coaches aren’t hired to stand there and tell you to keep living your life the way you have been. They’re hired to inspire you to take concrete steps toward your goals and making change. That often means they will be the voice of truth, reporting the things you need to hear but may not be hearing from friends and family. Life coaches are not drill sergeants – their job is to lead you to your goals by revealing patterns and discrepancies between what you want and what you’ve got.
Kickstart – Some people have clear goals in mind and know how they want to achieve them, but have trouble taking the concrete steps toward change. Life coaches can help ‘kickstart’ the process and increase your productivity by showing you the actions that need to be taken next. Change is much easier when you feel like you’re part of a process instead of jumping off a cliff into the unknown.
What’s the general cost?
You can expect to pay a life coach anywhere from $250 – $700+ per month for individual clients. Lifecoach.com reports that they coach through 30 or 60 minute calls to the client, three times per month.
Corporate coaching costs more, with averages ranging from $1,000 – $10,000+ per month. Corporate coaching is different and usually includes more options, like weekly hour-long phone calls, onsite meetings, and executive team coaching.
Do your research before hiring a life coach. Look for a coach who is accredited and has ample experience working with people in your situation (entrepreneur, executive, actor, etc.). It could help you increase your productivity and finally reach the goals you’ve been putting off.
Have you worked with a life coach? Are you a life coach? We’d love to hear about your experience for an upcoming blog post! Email firstname.lastname@example.org with your information to be considered.