provides positive support, feedback and advice to an individual to improve ones personal effectiveness in the business setting. Business coaching includes executive coaching, corporate coaching and leadership coaching.The financial coach is distinguished from financial counselors and educators, financial coaches. Coaches are not experts in personal finance and do not give financial advice or information to clients.
The client's needs for business coaching varies individually. It can involve personal support and feedback, while possibly including coaching for practical and structured business planning. The coach and client relationship often provides an accountability that improves the client's self-discipline in working towards goals. This form of coaching may focus on increasing profit in some balance with personal development.
Business coaching is not the same as mentoring, which involves a developmental relationship between a more experienced person acting as a mentor and the individual with less skills and experiences. The mentor offers advice regularly. While a business coach with sufficient expertise and experience m ay also be a mentor, mentoring is not a form of business coaching.