HOW TO… SET UP AND DEVELOP A SUCCESSFUL COACHING PRACTICE

By Gladeana Mcmahon and Antoinette Oglethorpe This is the first in a series of articles aimed at helping coaches deal with the variety of factors associated with setting up a successful coaching practice Part one: Guidelines for coaches starting out in business Many qualified coaches love coaching so much they want to make it their full-time profession. However, being a competent, or even an excellent, coach is not an automatic guarantee of financial success (McMahon, Palmer and Wilding, 2005). Before you set up in business you need to consider three core factors: business acumen, professional...

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