| A franchise helps you to benefit from a | | | | Contact Professional Trade Associations- They |
| proven business experience of a larger | | | | might be able to authenticate names of the |
| organization. You have to pay a franchise fee | | | | recognized coaching businesses and their |
| to the franchiser to access the right to run | | | | suppliers and owners in the industry. They |
| their business. | | | | will also verify the market research data and |
| | | | other useful information. |
| There are distinct advantages in buying a | | | | |
| franchise than starting your own business. | | | | Refer to the various books for gaining |
| You need to have a business plan that | | | | business and marketing tips. One such |
| establishes the resources and capital you | | | | reference book is The complete guide to |
| would require. The challenge is to find | | | | coaching at work. |
| credible and reliable information. | | | | |
| | | | Business coaching articles - Always refer to |
| The following are some of the places you can | | | | the articles coming from credible sources. |
| consider: | | | | You will get information on variety of issues |
| | | | that need sorting out. |
| Business coaching franchise There are many | | | | |
| existing coaching franchises that resell | | | | Mentor - A senior coach who is well settled |
| their franchises. The coaching franchise | | | | in the business can present excellent |
| industry is quite valuable to the people who | | | | guidelines about initial issues involving |
| plan to sell it. If you are considering | | | | costs and might even be ready to do some |
| purchasing a franchise, the franchiser will | | | | research work for you. He can help you to |
| provide you with the data on the initial | | | | improve your business and marketing plans |
| costs. Crosscheck the figures that the | | | | through the decisive first year. |
| franchiser gives you by contacting the | | | | |
| existing franchises after referring to the | | | | A thorough research can tell you: |
| phone book. Question them about how close the | | | | |
| figures are and see if the franchiser | | | | . Whether you can become a business coach. |
| projections match the actual income. | | | | |
| | | | . Where to look for the knowledge, resources |
| Existing independent business coaches, | | | | and the support you require. |
| besides than business coaching franchise | | | | |
| holders - Contact the people who are already | | | | . Ways in which you can augment your chances |
| in the business, same as the one you intend | | | | of success in the business. |
| to start. You will get a great deal of | | | | |
| information by contacting them. You can even | | | | Before you jump in: |
| contact business owners in other geographic | | | | |
| areas. | | | | 1) Take professional advice from a lawyer |
| | | | before signing any agreement. |
| Suppliers: A good resource of information - | | | | |
| Another good resource for all kind of | | | | 2) Check viability of business by consulting |
| information is to contact the suppliers, such | | | | an accountant. |
| as developers and suppliers of coaching | | | | |
| technology, coach training schools and tools | | | | 3) Carry out market research to see if the |
| and techniques. Ask suppliers for the start | | | | franchise is right as business coach. |
| up coaching service kit, information about | | | | |
| client coaching courses, other coaching | | | | 4) Steel yourself for hard work - running a |
| inventory packages and the support options. | | | | business requires commitment. |
| | | | |