Myth #1: Business Coaching Requires a Psychology Background

Many people think that business coaches get training in psychology and

hold a doctoral degree or professional designation in this field.

You can aspire to be a business coach.

It doesn’t matter whether you have a master’s degree (2 years) or a bachelor’s degree (4-5 years).

The most professional way to be a business coach is by getting a coaching certification.

Myth #2: Business Coaching Involves Financial Analysis and Accounting Techniques

This is not true

You don’t need to come from an accounting or financial background. 

But, 

A business coach can benefit business owners by guiding them to the root of the problem.

Coaching helps managers assess their current state of affairs, identify opportunities, implement strategies that may have been overlooked or decided against before. 

And develop new ways to achieve goals. 

The secret lies in the understanding that every organization is unique and requires a different approach.

Myth #3: Business Coaching is Useless If the Company Has an HR Department or Employee Help Program (EAP)

The HR department helps employees perform their day-to-day tasks while remaining productive and motivated.

A business coach does not take the place of an EAP,

But complements it by helping your employees to be more effective in all areas of their lives.

A study conducted by Harvard Business School,

Found that coaching helped senior executives improve their job performance by 27%,

while also increasing their tenure by 18%.

Myth #4: Business Coaching is for Lazy People Who Don’t Have the Will Power to Change or Make Decisions on Their Own

Many people find it challenging to transition from negative mindsets and behaviours

that keep them stuck in the same patterns.

Professional coaches who get training are experienced

and compassionate individuals who provide support and

guidance to help others reach their full potential.

A qualified business coach can work with high-level executives, new managers and anyone looking for a fresh perspective on work and life. Coaches are committed to helping their clients succeed through positive motivation, feedback, insight, accountability and follow-through so they can grow.

Myth #5: Business Coaching is expensive

A business coach does not need to be costly.

But many people believe it’s too expensive without experience.

Like most professions. Prices vary depending on what you need and the professional’s level of expertise.

A business coach is an investment that will likely save business owner’s time and money in the long run.

By helping them get organized,
find new ways to build relationships with customers,

discover what works and what doesn’t, and

Achieve goals faster than ever before.

We hope, through this article, you’ve learned more about the benefits of coaching and how it might be able to help your career.

Pendleton Partners is proud to partner with some of the most talented and experienced business coaches globally. 

We are committed to helping our clients reach their goals by providing them with a skilled coach that can help them transform into industry leaders, be it through personal awareness, self-confidence or interpersonal relations.

This isn’t any old coaching – this is business coaching for measurable business results!

If you want to learn even more or take the next step in becoming a business coach yourself, we offer various consultations here at Pendleton Partners. 

Contact us today for an appointment with our experts and get on track for success!