My good friend, colleague and bi-monthly peer coach Julie Poland wrote a wonderful article about one of the obstacles that keep people from engaging in a coaching relationship, The Summit Blog: Alternative venues for you and your coach. Another obstacle that produces as much unwarranted fear as it does justified concern is the “cost” of coaching.
I believe there are Three Elements to the Cost (or value) of anything, including coaching.
- Financial Cost: the currency of this cost is, obviously, money – dollars and cents. If you are like me, and most people I know, no matter how much money it costs it is more than you want to pay.
- Cost of Time: the currency of this cost is hours, days, weeks, months and sometimes years. If you are like me, and most people I know, no matter how much time it takes it is more than you want to spend.
- Cost of Change: the currency of this cost is commitment. Would you agree, that until you get clear on your commitment to change it is difficult to make a decision about money or time? In fact, your likely investment of money and time will be directly related to your commitment to change.