The Coaching Psychology Pod

01: Realities of running or working for a coaching business

Mar 1, 2024
In this insightful discussion, Professor Jonathan Passmore, an internationally renowned psychologist, Xenia Angevin, a coaching psychologist specializing in atypical neurodevelopment, and Kaveh Mir, a master certified coach for executives, explore the evolving landscape of coaching. They dive into the balance between expertise and experience, the impact of digital platforms on coaching practices, and how coaches can carve out their unique identity. Expect tips on navigating the gig economy, the need for inclusivity in coaching, and the lucrative possibilities for both novice and expert coaches.
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ADVICE

Choosing Coaching Work Type

  • Consider your income needs, work hours, client type, and coaching format when choosing between working independently or for a digital coaching platform.
  • Evaluate your values, desire for community, and the platform's stability to make an informed choice.
INSIGHT

Coach Pay Depends on Seniority

  • Seniority and past leadership experience often determine pay rates on digital coaching platforms more than formal coaching qualifications.
  • Hourly rates for coaches typically range between £60 and £150 depending on client seniority and coach experience.
ADVICE

Link Pay To Quality Carefully

  • Fairly link coach payment to client satisfaction, coach credentials, and business experience.
  • There is no single solution for tying coach pay to effectiveness; multiple approaches have pros and cons.
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