Coaching Update Worldwide: August 2007 Archives

Have you ever dropped in SevenEleven, Circle K, McDonald, Starbuck, Pacific Coffee and etc? They are all franchise business.

Have you ever heard of Franchise in Coaching for about HK$1,000,000?

Yes, back to 3 years ago, I saw one Chinese website promoting Coaching Franchise in China which requires the starter to have a university degree, 5 years working experience and an investment of about RMB300,000+. Then they will provide you training and all the starter's kit.

Here in Year 2007, I found another Business Coaching company is offering Business Coach Franchise Package. Here is what they mentioned:

• From your first enquiry, it takes approximately 2 months to go through the recruitment and training process. You will be ready to start working with clients as soon as you have finished training.
• Prime target clients are small to medium sized businesses.
• There is a six figure earnings potential for our business coaches, depending on individual effort and tenacity.
• The franchise package includes 20 days training, 5 of these being specific coach training; A fully documented, proven business blueprint; An operations manual; The XX brand; Proven marketing strategies; An extensive suite of business tools and systems; A fully loaded laptop; CRM; report generators, Extranet; continuous training and support; much more..
• The cost of franchise package is £45,000 / €65,000. (about HK$700,000)
• The start-up and working capital will need to have access to £15,000 / €22,000 for your start-up costs and working capital provision.
• 70% of funding support is available for both the franchise package, and the start-up costs from the major banks.