Business Coaching Statistics

“Annual spending on business coaching in the United States is estimated at $1 billion.” – Harvard Business Review, November 2004

“Use of business coaching is widespread in UK organizations, with almost nine in ten respondents reporting that they now use coaching in their organization (88%).” – University of Bristol Newsletter, 2005

“The Australian Institute of Management says 70% of its member companies hire coaches for business coaching.” – Inside Business Channel 2, July 2006

According to Market Data Report in 2007, a recent study estimates that 40,000 people in the U.S. work as business or life coaches, and the $2.4 billion business coaching market is growing at about 18% per year.

In the United Kingdom, nearly 90% of businesses are now reportedly using business coaching in some form or fashion. And as far back as 2007,

You will find some of the most powerful people in business use the services of coaches, whether an actor, actress, elite athlete, business or legend. As business moves faster and gets more competitive, it is difficult to keep up with industry changes, innovations in sales, and management strategies, among other things require using the services of those who does to manage and improve productivity. Setting the trend and staying above the curve of change is the key to success, products, strategies and services quickly becomes antiquated and obsolete.

This means business coaching isn’t a frivolous purchase – it’s a well-thought out, vital investment in your company’s future.