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Enterprise Solutions Executive Coaches

Why become an executive coach? Here are 8 stellar reasons

“When people are looking for directions, they’re looking for coaches.”

Lisa Nichols, Transformational Coach

Behind every successful leader, there is a force that propels them ahead. 9 out of 10 times, it is an executive coach operating behind the scenes. 

An executive coach is someone who specializes in training and developing business leaders. They are ruthlessly result-oriented and make people see what they can ‘become’ rather than what they ‘are’ today. As a coach, you share your success and failure with executives to help them steer tricky situations in their professional lives. 

Professionals choose ‘coaching’ as an alternate career for multiple reasons, but the standout reason remains the incredible sense of purpose it gives them. It is an opportunity to sculpt a successful leader to the finest detail.

On that note, here are stellar eight reasons why senior professionals dig the career of an executive coach: 

Reason #1 – The only qualification needed: Experience

Are you a college dropout but still successful professionally in your life? Then you can be an excellent coach! No one is going to judge you based on your education. 

Experience is the de facto qualification needed to become an executive coach. Extracting a solution to a problem from your own rich experiences is what coaching is all about. 

You really don’t need specializations, licenses, or even certificates to become a coach as companies hire purely based on your reputation, testimonials, and past results.

Reason #2 –  You get to pick a model that works for you

Part-time… Full-time… Freelance… Choose a working model that works best for you. 

All that you need is a passion, a fervor to share your knowledge in your free time.

You can start as a part-time coach, spend a couple of hours daily coaching executives in parallel with your full-time work. 

As you gain traction and more experience, you can switch to a full-time mode.

Reason #3 – Work from anywhere on this planet

Remote coaching is the fad today. With most of the world cocooned inside their homes, the need for remote coaches is booming. 

Imagine sitting in your living room in Sydney training an executive in New York – That’s the future!

Reason #4 – Grow along with your mentees

Through coaching, you not only unlock somebody’s potential but also maximize your own performance. Coaching is as much ‘teaching’ as ‘learning’. 

It helps expand your expertise by accumulating stories from different executives on what worked for them and what didn’t. You can use this knowledge in your existing workplace or share this knowledge with other mentees to help them not make the same mistakes.

Reason #5 – It grows your network exponentially

Most leaders have a common trait: they invest their time building a mammoth network of people belonging to different professions, industries, and countries. 

By coaching such leaders, you get access to their entire network. You can expand your wings and find more opportunities by tapping into executives who were never under your radar before. 

Reason #6 – It is a highly respected profession

Like teachers, coaches are highly respected; you can walk into any room with your head held high. After all, you offer solutions by clearing obstacles in someone’s path and help them grow. This is highly respect-worthy. 

Also, your knowledge and experience, which were unknown to people previously, are highly valued now.

Reason #7 – The money is good too

The financial fruits of being a coach are also attractive. The best part is there is no investment as you don’t have to set up an office or hire staff. 

The earnings of an executive coach are also on the higher side. A study by Harvard Business Review shows that, on average, executive coaches earn $500 an hour. And ZipRecruiter, the popular employment marketplace says that the national average salary of an executive coach in the US is $135,042.

Reason #8 – Sky’s the limit

There is no retirement in a coach’s career. In fact, you will earn more as you age, because you have more experiences to share. Also, you have multiple options to grow; You can start your own consultancy or even partner with a professional development marketplace like Viveka. 

Viveka enables transformational learning to thousands of executive coaches across the world and amplifies their growth. To know more about how we can change your life as a coach, 

contact us now.

Categories
Industry Insights

The Future Of Work

The gig economy – composed of independent short-term, freelance or contract workers – has seen a steady rise in the United States over the last number of years followed by an abrupt acceleration due to the recent pandemic.

What first comes to mind is your local Uber driver or Deliveroo Riders, and then specialists like journalists, copywriters, and CPAs. But, recent data shows that a paradigm shift is happening all the way to the C-level where CEOs or on-demand CIOs are hired for periods of time to accomplish specific objectives.

The rise of gig workers is partly due to systemic economic shifts, as well as to the inherent benefits of this type of employment. There’s the empowerment of being your own boss and choosing work that matters to you. Moreover, people are drawn to the flexibility of the gig economy and how it allows them to achieve a greater work-life balance. It’s not only “employees” who benefit, but also employers. They get access to high-quality talent “on-demand” and as needed for specific tasks. This structure clearly reduces (at least in the short term) hiring costs and provides agility in meeting business and human resource needs.

Source: Edison Research

By all accounts, the gig economy is here to stay and workers across the spectrum will actively find new ways to adapt – or be forced to do it. Especially if someone is in a period of life or career transition, this working structure presents more opportunities than challenges as work would be more accessible and the hiring process less tedious. People across the spectrum may need new types of training to navigate this changing structure. As a result, we predict that the following coaching categories will continue to grow in demand:

– Executive Coaching
– Wellbeing Coaching
– Performance Coaching

Whether you’re just entering the workforce or at the C-level and find yourself needing to dive into the gig economy, Viveka can help. Connect with one of Viveka’s experts to find out how.