How to Earn Money as a Business Coach

To earn money as a business coach, a combination of personal qualities, professional experiences and business-related skills are necessary. Business coaches are employed by large and small companies, entrepreneurs, government organizations, non-profit organizations and universities. The role of a business coach includes assisting individuals and business teams with identifying long-term goals, improving business processes, resolving interpersonal conflicts and developing skills development plans. Here are some strategies for earning money as a business coach.

 Steps

    1
    Attend a university or coaching institute. Business coaches, also known as executive coaches, come to the profession with diverse educational backgrounds. University programs that offer degrees in executive coaching are one option. Private institutes that offer coaching certificates are another option. A degree or formal coaching program is not a requirement for working in this field. You also may study coaching techniques with a mentor or develop coaching strategies on your own.
    2
    Gain experience in the business world. Work in the business world either as an entrepreneur or for an established company. Learn as much as possible about all aspects of business operations and management. The more information you gain about every facet of the business environment, the more knowledge and expertise you can offer to your clients.
    3
    Evaluate your ability to assist others. Business coaches must listen to clients, retain objectivity about issues and offer advice. An ability to see the larger vision is important for guiding others. A talent for organization, strategic thinking and plan development is also important for helping clients develop their skills and business plans.
    4
    Identify your niche. Determine which industries you prefer. Think about your ideal client. Decide if you enjoy group work or one-on-one interaction. You may enjoy helping entrepreneurs define and develop their visions. Or your preference may be to work with executives and teams in large companies. Assisting individuals to manage the stresses of the workplace may be an area of interest. Or your preference may be the implementation and streamlining of business processes.
    5
    Begin earning money as a business coach.
        Join an executive coaching firm. Apply to consulting firms that hire business coaches. These firms market your services for you, allowing you to focus exclusively on coaching activities. Established firms are an effective entry point for gaining coaching experience.
        Become a self-employed business coach. Create a plan for marketing your services. Develop a website for your coaching business that describes your expertise and specialty. Advertise your services through online sites and business magazines. Network with business contacts, friends and family members who may know people in need of coaching.
        Sell books and videos. Earn money as a business coach by writing and selling books that highlight your coaching strategies. Create motivational videos that can be sold on your website for market price.
        Partner with business organizations. Offer business seminars for a set fee. Use these opportunities to network with people who may be interested in individual coaching sessions.