From Fortune 500 CEOs to Hollywood starlets to Oprah, people are performing better, making smarter decisions and reaching new heights in areas such as work, finance, relationships and health, all thanks to coaches.
Executive coaching is defined by the International Coach Federation as “partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential.” But it can be pricey—as much as $3,500 an hour, with a median hourly fee of $500, according to Harvard Business Review’s “What Can Coaches Do for You?” research report.
Unfortunately, many people don’t have the money to work with a life coach. A 2013 study by Stanford University and The Miles Group shows that two-thirds of CEOs are not receiving coaching from sources outside their companies, and 100 percent of participants wish they were.
What’s the average hardworking American to do? Consider this: Many people want to work with a personal trainer but, unable to afford one, they take matters into their own hands. And if it’s possible to move training out of the gym and under your own roof, does that mean it’s possible to bring other coaching in-house, so to speak, and go it alone?
Many experts say yes. Self-coaching, by applying professional coaching techniques to your own goals and experiences, is not only viable but the ultimate goal that coaches help clients achieve. It takes discipline and dedication, but it can be done.Continue reading