Friday, December 23, 2011

Eric Dombach discusses the downside of purchasing business coaching franchises

During the dawn of the business coaching industry, many franchises sprang up. These, according to business coaching expert Eric Dombach, provided a lot of support for the budding business coach in terms of systems, mentoring, and community. However, they have their drawbacks and at present may no longer be as profitable as they once were.


From Eric Dombach


During the latter half of the 2000s, the economic downturn forced many of the franchises to fall. While up until then business coaching franchises were the only means for coaches to get off the ground, many of those that sprang up lacked sufficient know-how. Although quite a few were outstanding systems, some were lackluster with executives who themselves had no idea where they were going.


Eric Dombach adds that with the advent of the Internet and social media, the value of the business coaching franchise has plummeted, given that its benefits can no longer justify its overall cost which can be quite high. The system has been considered a dinosaur among the business coaching community and has decreased in popularity in recent years.


From Eric Dombach


Moreover, alternatives such as business coaching membership systems exist, offering the same benefits as the old business coaching franchises, but without the commitments and exuberant costs of the latter. Therefore, Mr. Dombach believes that these old coaching systems are obsolete and no longer relevant in the business.


From Eric Dombach


More information is available on Eric Dombach’s official website.

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