The demand for business leader mentorship is growing, and the 65-unit small-business coaching franchise The Growth Coach is poised to capitalize on the increasing need. The growing brand, which operates under the Strategic Franchising umbrella, has major plans for significant expansion, offering new franchise partners the perfect chance to join a system that is destined for big things.
A post-pandemic world has led to a number of challenges for the nation’s 28 million-plus small business owners. More and more entrepreneurs see the value in having a business coach on their side, and the industry is currently worth $11 billion and growing.
“The number one job creator in the United States is small business. That is where the economy is growing and where so many Americans are putting their energy,” explained Chris Seman, President and Chief Operating Officer of Strategic Franchising. “But when you start it on your own, the whole business is on your shoulders, and it can be hard to take the time to think of the next steps.”
The Growth Coach has seen firsthand how much demand is rising. The brand signed 10 additional franchise agreements during the first nine months of 2022 and has had a 25% increase in sales year-over-year.
Due to this success, The Growth Coach has set ambitious plans to scale to 300 locations in 25 countries by 2027. The brand is eager to partner with astute individuals that want to change people’s lives by coaching them on the ins and outs of running a company — an opportunity to make a real difference and have a rewarding business opportunity.
“The Growth Coach allows you to partner with people out there that are in need of these services. The failure rate of small businesses is high, but by bringing in a coach, you significantly reduce that failure rate,” said Seman. “It’s a huge market, and the opportunity is there. You get to work with great people who are also passionate about what they do.”
The franchise offers a business model that is flexible, Seman says, something that’s very attractive to The Growth Coach’s wide range of coaches. “It’s not a 9-to-5; you work around your and your client’s schedule. A lot of our coaches are in different stages of their lives and the later part of their careers, and they appreciate that they can put in as much time as they want,” Seman said.
Franchisees can also benefit from a low initial investment — ranging from $42,000–$63,900, and a streamlined opening process that brings new coaches to market quickly after signing on. In addition to the already low start-up costs, The Growth Coach franchisees have a unique opportunity to participate in an incentive program called The Winner’s Circle that refunds a franchisee’s initial franchise fee ($27,900) upon completion of certain key benchmarks.
When it comes to support, The Growth Coach franchisees will receive training on operations, marketing, staffing and coaching. Additionally, The Growth Coach was one of the first companies to focus on a peer-to-peer growth coaching concept, encouraging franchisees to share best practices and collaborate with each other.
“A lot of the challenges and opportunities that small business owners go through are a shared experience, so it allows our franchisees to accelerate the learning curve and maximize time and efficiency,” added Seman. “That gives The Growth Coach a big advantage out there in the marketplace.”
Looking ahead, The Growth Coach team is seeking passionate coaches and consultants in markets across the country to join its network of franchise owners. Target markets the brand is currently eying for development include California, Texas and Colorado.
About The Growth Coach:
The Growth Coach was founded in Cincinnati in 2003 and is the only pure business and sales coaching franchise aimed at driving success while balancing the lives of small business owners, managers, salespeople, self-employed professionals and executives across a wide spectrum of businesses and industries. The Growth Coach specializes in group workshops and individual coaching with the goal of helping clients gain greater focus and leverage to work less, earn more and enjoy more fulfilling lives. The Growth Coach is active in more than 100 markets in the United States and abroad and is always looking to expand domestically and internationally. For more information, visit https://growthcoachfranchise.com/get-started-here/.