President’s Message – September 2016
I sincerely hope the summer was both productive and relaxing for you. Is it possible to achieve both? I like to imagine it is. As we ramp up again, we have both some business to tend to and some gathering to do as a chapter. All in all, we have a well planned season on tap for members.
As you know, Board nominations will be open in September and October for the 2017 Board of Director positions to be vacated this year. Please check your inbox for an email outlining the process for Board election, the candidate nomination form and the role descriptions for Board members. We invite all qualified members to consider applying for a position on the Board and sharing their interests and expertise as a Chapter Leader.
Also, during September, October and November 2016, we will be hosting our second webinar offering, a networking/social event for all members, and our Annual General Meeting, respectively. Early in 2017, we have one of our more seasoned, Master Certified Coaches presenting on a very important and interesting topic in the coaching world. We also have a Relationship Specialist slated to present an equally important and interesting session to us in the new year. Stay tuned for more details on these two very exciting events.
Did you know October 17-21 is Small Business Week? So from a local perspective, in Edmonton the week’s events include panel discussions and roundtable events discussing key factors in building a bigger and better business, interactive leadership training and some networking events. The theme and common goal during this year's Small Business Week is “Small Business; Big Connections”. Should be fun! Following is an outline of events. You may also visit the event website here for further details: http://www.edmontonchamber.com/small-business-week
- Monday, Oct. 17, 2016: Maximum Impact Networking
- Monday, Oct. 17, 2016: Small Business Week* Kick-Off Mixer
- Tuesday, Oct. 18, 2016: Building a Bigger & Better Business - Panel Discussion
(Featuring Dale Wishewan, Brent Hesje, Blake MacDonald and moderated by Carrie Doll)
- Wednesday, Oct. 19, 2016: Thought Leadership Roundtable
- Thursday, Oct. 20, 2016: High Performance Leadership (Tools & Techniques)
- Friday, Oct. 21, 2016: Networking with a Kick!
From a global perspective, and in this same vein, ICF Global continues to offer their very popular Business Development Series which delivers virtual education designed specifically to help coaches build, sustain and/or expand a successful coaching practice. Hosted by William Arruda, who does an exceptional job, coaches are guided through both content and action items that can be applied right away to their coaching practice. Some of our member coaches have already taken the program with some very positive feedback. Find out more here.
Also, you may have heard, the ICF 2016 Global Coaching Study has been released, the results of which reflect the data from 15,380 coaches across 137 countries. I am pleased to share some of the highlights here with you:
- Currently there are approximately 53,300 coach practitioners worldwide.
- The estimated 2015 global revenue from coaching was $2.356 billion USD, representing a 19% increase over the 2011 estimate published in the 2012 Global Coaching Study.
- Among coaches with active clients, the average annual revenue from coaching is approximately $51,000 USD.
- 62% of coach practitioners identified a Business Coaching discipline as their main specialty, representing a 5% increase from 2011.
- 94% of coach practitioners offer more than one service in addition to their professional coaching practice. On average, coach practitioners offer 2.8 services in addition to coaching.
- 77% of coach practitioners and 72% of managers or leaders who use coaching skills agree that those individuals and organizations who make use of coaching services expect their coaches to be credentialed.
- Credentialed coaches command higher fees and report a greater number of clients as well as greater annual revenue from coaching than peers coaching without credentials.
The 2016 Global Coaching Study Executive Summary is available for free by clicking here.
Finally, I’d like to thank all of you who are taking the time to complete the 2016 ICF Edmonton Chapter Membership Survey. After the results are gathered, we’ll be sharing them with you at the Annual General Meeting in November.
As always, we welcome and invite your questions, comments, ideas or suggestions. Please reach out to any of your current Board members. We look forward to connecting soon!
Cynthia Moffatt, CPCC, ACC