What is a business coach and what training opportunities are there?

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What is a business coach and what training opportunities are there?

Climbing the career ladder is one of the biggest priorities in life for many people. Professional success goes hand in hand with financial independence and recognition. However, these goals do not achieve themselves. If you want to fulfil yourself professionally, you may use your qualifications perfectly! 

If you want to learn how a business coach can help you advance your career, you should definitely read the following article. The same applies if you are interested in a career as a business coach.

What does a business coach do?

As a business coach, you can either work independently or be employed by a company. Your task is to help people to overcome professional hurdles and to fully exploit their potential. Your focus is on trained communication and problem-oriented thinking.

The coaching sessions can take place in groups or as individual discussions. Conflicts and other causes that affect the motivation and performance of employees are analyzed. Together with the employees, you develop problem-solving strategies as a business coach in order to restore satisfaction at the workplace. You do not act in a dictatorial but in an advisory capacity.

business coaching

Training / further education to become a business coach is an interesting option, especially for managers. As a manager, you need to be able to handle crisis situations in your team. The Training as a Business Coach familiarizes you with the necessary skills.

Or maybe you want coaching for yourself to help you achieve your professional goals. In this case, you should definitely make sure to find a competent and certified coach. Since the professional title is not protected, the ignorant can all too easily fall for self-proclaimed would-be coaches who want to make a profit with your wishes and desires.

You will find a list of certified coaches by the way here.

What are the reasons for a career as a business coach?

There are many reasons to pursue a career as a business coach: You get the opportunity to help people achieve their professional goals. Motivated employees form the basis for the economic success of a company. As a coach, you ensure employee satisfaction, which in turn leads to better performance.

It is indescribably fulfilling to observe how your efforts bear fruit. The sense of achievement of the company and its employees is also your success. As a business coach, the successes of your work are immediately tangible for you. This is something that many people miss in their professions.

As a business coach you deal with interesting and complex issues in the areas of Psychology and operational Organization. You will also benefit from this personally, as you will have to constantly develop yourself and respond to current circumstances. Another argument in favour of a career as a business coach is the attractive earning potential.

How do I become a business coach?

If you want to start training as a business coach, this is possible at the Chambers of Industry and Commerce. But private educational institutes are also an option. The training to become a business coach is not exclusively reserved for executives, but is also suitable as a Basis for your later independence.

The training can be completed either by classroom or distance learning. Here you decide which variant is best compatible with your (professional) life. If you are employed, part-time courses are the better option for you. Otherwise, the IHK also offers an intensive compact course that you complete full-time.

At the end of the training / further education you will write a final test, which is carried out according to the internal regulations of the respective provider. After passing the test, you will receive an internal certificate. This also applies if you have completed the training at the IHK. How recognized your degree will be depends very much on the reputable reputation of the training provider. You can't go wrong with training at the IHK.

If you choose a private training provider for your training as a business coach, you should inform yourself thoroughly in advance. After all, it does you no good to invest time and money in a training with which no one takes you seriously afterwards. If you want to train as a coach for the company you work for, then discuss the choice of course with your employer.

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What requirements should you meet to become a business coach?

Business coaching is a very demanding and responsible job. Therefore, some basic requirements should be met before you think about the further career:

  1. Completed vocational training or university degree.
  2. At least 3 years of professional experience.
  3. Some training courses require a minimum age of 25.

In addition to factual aspects, interpersonal components also play a role. To work as a business coach, the following descriptions should apply to you:

  • You're confident and don't get rattled easily.
  • You have an interest in business organization and psychology.
  • You want to work with people.
  • You think in a solution-oriented way.
  • You're able to focus on what's important.
  • You are socially competent and empathetic.

Of course, the above-mentioned competencies will be deepened during the coaching training. Nevertheless, the basic tendency should already be present.

What does it cost to train as a business coach?

The training costs vary depending on the provider and the duration of the training. You should plan between 2600 € to 4500 €. For distance learning you have to reckon with higher costs of 4500 € to 8000 €. If you want to work as a business coach within your company, your employer will usually contribute to the costs or even cover them completely.

As a career changer or as an employee with the ambition to become self-employed later on, you are responsible for the financing yourself.

What does a business coach earn?

What does a business coach earn?

How much you earn as a business coach depends mainly on whether you are employed or self-employed. As a self-employed business coach, your income varies depending on how high your order situation is. If you have already built up a large client base from which you are regularly booked, you will earn more accordingly. If you acquire no or only a few orders, you earn less.

If you are employed as a permanent business coach in a company, your gross annual salary is between €35,000 and €65,000. The hourly fee of a business coach is between 100 € and 200 €.

Where does a business coach work?

As mentioned at the beginning, business coaches can be employed or self-employed. A self-employed business coach is booked by different companies. An employed business coach only takes care of the needs of a company. A business coach is usually not or only rarely used by private individuals.

Tasks of a Business Coach

In the following, we would like to give you a compact overview of the possible fields of activity of a business coach. Keep in mind, however, that the content and prioritization can vary depending on the company:

  • Conflict consulting
  • Psychological content & operational organization
  • use of NLP Basic Knowledge
  • Methods of cognitive restructuring
  • Quality Management
  • Crisis intervention
  • Consulting Practice
  • Systemic consulting methods
  • Organizational Consulting
  • Coaching of executives

Alternatives to the Business Coach

An alternative to the business coach would be the Training for personal coach. Methodologically and in terms of content, the training content and objectives overlap in numerous points. Just like the Business Coach, the Personal Coach has the task of supporting people in solving problems and using their personal potential. The methods used for this are almost identical.

The difference between the two forms of coaching is that business coaches focus on the professional success of a company and personal coaches take care of both professional and private concerns of their client. In contrast to business coaches, personal coaches can also be booked privately.

If you are unsure which of the two concepts is right for you as a coach, we would like to recommend a combined training as a systemic personal & business coach. This option offers you maximum flexibility later on in terms of your professional development.

If you would rather make a clear decision, you should ask yourself which topics and which people you would like to work with. If you are most interested in business topics (employee leadership, conflict and stress management), you should choose Business Become a coach.

The Greator Coach Training

Another alternative that could be considered for you would be the Training as Greator Coach. The in-depth training consists of two elements: the 3-month Greator Coaching Practitioner and the 6-month Greator Coach. To be able to work as a Greator Coach, you must complete the 6-month Greator Coach in any case.

Within the Greator coach training we attach great importance to your inner clarity and personal development. Only if you know your own way and are aware of your strengths, you can really help other people.

Special features of the training

In your Greator coach training you will learn besides classical Coaching methods also those horizontal eight know. Here, the most valuable and elementary coaching approaches are combined in a holistic method. The horizontal eight combines a look back at your past with a focused look forward to the future. You focus on your goals and mobilize your resources to achieve them.

All training content that you experience yourself from the perspective of a coachee, you will later apply in the work with your clients. After the training you are a certified Greator coach and therefore able to advise people in various life situations.

The Greator coach training takes place online, so you can complete the training easily and flexibly alongside your main job or your studies. Your learning progress will be checked weekly. You can find more information about the training here.

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Reviewed by Dr. med. Stefan Frädrich

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