“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.