How Much Does an Executive Business Coach Cost?

An executive business coach offer products and services to help their clients improve their business goals and come up with solutions for issues their clients face. Executive business coaches offer support, guidance, advice, and their array of resources to help both leaders and team members realize their full potential and succeed in the business world. Moreso, business coaches provide many different services, and some of the most common ways in which they help business owners are by:

• Offering expert advice and guidance on how leaders can level up and evolve.
• Share business best practices and helpful insights from other successful business owners.
• Help identify weaknesses in an organization.
• Bring fresh ideas regarding how to provide your business’s customers with more value.
• Figure out how to get more out of your company’s existing resources & set realistic goals.

A good coach can help with everything from improving processes and developing strategies to shifting mindsets and providing accountability throughout their client’s business.

Cost to Hire an Executive Business Coach

The cost to hire an executive business coach will depend on many factors like the coach’s professional background, experience, and what– if any– certifications the coach has. As a general rule of thumb, business coaches that have an extensive background in multiple industries, many years of experience, and the highest level of certification will charge much more for their services compared to a coach with fewer accolades. Sherpa Coaching reported in their annual coaching survey report that coaches with up to two years of experience charge an average of $300 per hour. Coaches with 15 or more years of experience charge an average of $450 an hour.

Cost to Hire Leader’s Cut

Leader’s Cut: The Ken Kilday Coaching Experience offers multiple coaching programs at different price points for the best results for your business’s specific needs. Each program is positioned to provide strategic support in specific ways that will benefit different types of businesses and different client needs.

1. All-Hands Performance Growth Program- This is the most intensive and feature-rich coaching program, designed for high-performing entrepreneurs and focuses on significant performance improvements in their organizations. This program costs $2,997 for a one-time set-up fee and then $2,997 per month and features:

• 8 Coaching Sessions Per Month
• Strategic Plan Set-Up
• Strategic Plan Quarterly Updates
• Team Day
• Team Training Days, 2 per Year (Topical)
• Learning Materials, Templates, and Systems
• Critique Service, 4x Per Month
• Support for Partnerships
• 2 Supplier/Customer Consultations

2. Holistic Leveling-Up Program- This program is designed for growing organizations determined to accelerate their performance to maximize the owner’s growth, profitability, and lifestyle. This program costs $1,797 for a one-time set-up fee and then $1,797 per month and features:

• 4 Coaching Sessions Per Month
• Strategic Plan Set-Up
• Strategic Plan Quarterly Updates
• Team Day
• Learning Materials, Templates, and Systems
• Critique Service 4x Per Month
• Support for Partnerships
• 2 Supplier/Customer Consultations

3. Corporate Leader/Solopreneur Program- This program is designed to give support, strategic planning, and leadership awareness to established entrepreneurs and corporate leaders applying an entrepreneurial mindset. This program costs $1,397 for a one-time set-up fee and then $1,397 per month and features:

• 4 Coaching Sessions Per Month
• Strategic Plan Set-Up
• Learning Materials, Templates, and Systems
• Critique Service, 4x Per Month
• Support for Partnerships
• 2 Supplier/Customer Consultations

4. Build-a-Foundation Program- This program is for a newer organization with a small team and some operating systems but has some real work ahead to reach the business’s true potential. This program costs $997 for a one-time set-up fee and then $997 per month and features:

• 4 Coaching Sessions Per Month
• Strategic Plan Set-Up
• Strategic Plan Quarterly Updates
• Learning Materials, Templates, and Systems
• Critique Service, 4x Per Month
• Support for Partnerships
• 2 Supplier/Customer Consultations

5. Seasoned Entrepreneur Maintenance Program- This program is for seasoned entrepreneurs who have completed 2 to 3 years of coaching and need a maintenance program for ongoing board-level advisory services. This program costs $597 for a one-time set-up fee and then $597 per month and features:

• 2 Coaching Sessions Per Month
• Strategic Plan Set-Up
• Strategic Plan Quarterly Updates
• Client Learning Materials, Templates, and Systems
• Critique Service, 2x Per Month
• 2 Supplier/Customer Consultations

6. Build Your Custom Coaching Program- This program is for businesses that would benefit from a coach that tailors the process to the specific needs that their business faces. This program’s cost depends on the number and type of specific services selected. Services include:

• The Number of Coaching Sessions Per Month to Fit Your Need
• Strategic Plan Set-Up
• Strategic Plan Quarterly Updates
• Team Day(s) – As Prescribed
• Team Training Days – As Prescribed
• Learning Materials, Templates, and Systems
• Critique Services – As Prescribed
• Support of Partnerships – As Prescribed
• Supplier/Customer Consultations – As Prescribed

What Influences the Cost of Executive Coaching?

Although the cost of a business coach may seem steep, it often helps to break down what influences the cost of executive coaching services so that you can understand what exactly it is you are paying for.

First, a business coach is the sum of all their professional experiences and backgrounds. Each client they serve adds to their portfolio, and they can take the lessons learned from these experiences to better educate all of their other clients as well as any future clients they take on. Chances are an experienced coach will have previously coached another business owner with similar circumstances to what your business faces. They can draw on these past experiences to be a more efficient and effective trainer. In addition to work experience, executive coaches often pursue certifications and accreditations from different agencies and associations. These certifications are awarded to coaches that meet established benchmarks for standards in things like ethics, integrity, competency, and professional responsibility. Certifications are also indicators that coaches are recognized experts and competent instructors in the corresponding programs.

5 Considerations When Hiring a Business Coach

Hiring a business coach is a great first step toward bettering your leadership skills and helping your company get past any obstacles it is currently facing. However, before hiring just any-old business coach you come across, there are some considerations to keep in mind to avoid certain risks. Anyone on LinkedIn can call themselves a business coach despite being undertrained and unqualified. Therefore, it is important to be careful when hiring a business coach, and recommended to interview multiple candidates. Look for endorsements from your network, and check their references to avoid these 5 risks of hiring a coach:

1. Overpromising and Underdelivering- The learning and adapting to business coaching take time. Be wary if a coach promises quick solutions and easy fixes.
2. Looking For a Gravy Train- The goal for every coach-client relationship should be to solve the problems that the business faces. Self-serving coaches look for opportunities to create unstructured and open-ended coaching instead of focusing on delivering measurable results.
3. Ignoring Internal Dynamics- For a coach to be effective, they must fully understand the structure and culture of the organization they help. Make sure that culture is a part of the assessment process to find a coach that fits your business.
4. Not Understanding How People Change- A good business coach must understand how professional adults learn and grow as people. Not only should a business coach have credible experiences in the business world, but they must also demonstrate knowledge of adult development.
5. Neglecting Their Own Sensitivities- An effective business coach is aware of their motivations, strengths, and weaknesses. A good business coach is comfortable discussing coaching engagements that did not go well for them, why, and what they learned from that experience.

You can minimize the chance of falling for one of these five risks by working with an experienced and certified executive coach like Ken Kilday of Leaders Cut.

Your Resource In The Path To Success

An executive coach can be an invaluable resource for entrepreneurs and business owners to use to improve their business goals and find solutions for the issues that they face. Executive business coaches offer support, guidance, advice, and resources to help both leaders and team members realize their full potential and succeed in the business world. Ken Kilday and Leader’s Cut provide this and more. Leader’s Cut: The Ken Kilday Coaching Experience offers multiple coaching programs at different price points for business leaders to find a service that matches their needs. Schedule a complimentary 15-minute consultation today to discover how Leader’s Cut can help you and your business reach new heights.