Whether you run a small business from home, work in your family business, or are an executive at a larger company, business coaching is proven to help you increase sales and profits.
Business Coaching in Numbers or how to increase my business’s sales and profits
For decades, since the late 1970s, Business Coaching has become an essential tool for every business because it is an excellent investment because it creates the conditions for business growth by creating sustainable businesses and actively contributing to innovation.
Business Coaching is an excellent investment
Return on Capital by 5.7
Business Coaching has an impressive return on investment (ROI) of 5.7 times the initial investment. For every €1 spent on coaching, businesses gain €5.7. According to research, coaching leads to increased productivity, improved decision-making skills, better leadership and reduced costs.
Revenue Increase by 21%
Businesses that participated in business coaching programs experienced an average annual revenue growth rate of 21%. This impressive figure proves that coaching is an essential factor in promoting business success.
This is because companies are improving their business practices, boosting their innovation and attracting more customers.
Business Coaching improves communication skills, engagement and performance of executives.
Strengthening Communication by 58% of companies
58% of companies that invested in Business Coaching reported significant improvement in communication between employees.
Coaching provides participants with the tools and skills they need to
- to interact effectively with each other,
- to manage conflicts and
- to solve problems
Increased loyalty from 56% of companies
Business Coaching not only enhances a company’s financial results but also contributes to increasing employee engagement. 56% of companies that adopted coaching recorded an increase in their executive engagement levels.
Coaching helps employees develop their skills and abilities, feel confident and recognize their contribution to the success of the business.
As a result, employees become more engaged in their tasks, more productive and more satisfied with their work.
Increased performance by 70% of employees
The impact of Business Coaching on employee performance is also undeniable. 70% of employees who participated in coaching programs reported an improvement in their work performance.
This impressive percentage proves that coaching is an effective tool for enhancing employee skills, increasing productivity and achieving better results.
Employees who receive coaching develop greater self-confidence, improve their communication skills, and learn to solve problems in a more creative and effective way. As a result, they become more active, more effective, and contribute significantly to the success of the business.
Long-term productivity benefits from 87% of participants And the benefits to employee productivity are long-term. 87% of participants agreed that coaching has a long-term impact on employee performance.
95% of failed innovation projects are due to lack of business coaching
The European Innovation Council (EIC) has recognized the important role of business coaching in increasing the chances of successful completion of innovation projects.
Finding that nearly 95% of innovation failures are due to ineffective strategy and leadership, the EIC coaching program provides entrepreneurs with the ability to design strong growth strategies and embrace strong leadership principles.
For this reason, in its financing programs, it offers personalized coaching so that entrepreneurs can create the appropriate strategies and create effective plans.
The goal of coaching within the EIC framework is to equip entrepreneurs with the necessary skills and resources to achieve commercial success and embark on a path of growth.
Business Coaching by Business Best
Business Best Business Coaching Services
Business Best offers 3 different Business Coaching services to help entrepreneurs, professionals and employees achieve their goals.
- 1-to-1 Business Coaching
- Team Coaching
- Crisis Business Coaching
We plan together your path to success
Book an introductory appointment with us to discuss your needs and help you find the service that suits you.