Executive coaches face a clear challenge today: despite a booming market, many can't access the highest levels of business leadership. On one hand, the global market for coaching business leaders is projected to reach $16.6 billion by 2028 (approximately £13 billion at current exchange rates). Yet many coaches and consultants find themselves unable to grow their practice and connect with board-level clients.
We’re finding that many coaches struggle to find work through new channels, particularly when it comes to accessing higher-value clients and initiating meaningful conversations. Without the necessary credibility to stand out in a competitive field, coaches often hit a ceiling that limits not just their revenue potential, but also their ability to influence leadership and transform organisations that truly need their expertise.
As a result, we're witnessing a widening gap between coaching capabilities (and their perceived value) and access to C-suite executives, leaving many coaches unable to scale their practice beyond middle management or influence at the level of business they truly aspire to reach.
Many executive coaches take the same approach to business development that any other type of organisation would. However, the specific nature of coaching means these tactics can't be solely relied upon to generate positive responses, interest, or perception from senior executives.
Common approaches we see include:
These ideas all might seem suitable at first glance, but there are two reasons that they don’t work in this context. The first is that it requires the coach to spend time learning and applying a disciplined business development strategy that will naturally generate a lot of rejection and ignored contact. And the second is that when trying to build the deep connection that the C-suite is looking for, there really is no shortcut to success.
As a result, traditional business development approaches struggle to convince prospects of:
All this means a different approach is needed in order to close off the trust gap, build authentic social proof, and offer clearly defined, personalised products. And the best way to do this is by using proven strategies with clear objectives and benefits, such as:
It’s important to note that every executive coach is in a different position with their expertise and offering, and so some will benefit from the above strategies more than others. However, we’ve found those that benefit the most tend to be the coaches that:
If you’re in this position, then you may well stand to benefit from expert support, including masterclasses, group mentoring and the experience of a renowned executive coach.
Joining The Coaching Circle can give you access to all the skills and know-how you need, guided by Dr. John Blakey and helping you build three solid foundations: established credibility, proven frameworks and mentored development. In particular, our Professional Pack delivers a comprehensive selection of resources and support services that can help you take your coaching practice to the next level.
To find out more on this pathway to transformation, explore professional development with The Coaching Circle today.