The Growth CoachBusiness and sales coaching for SMBs
- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$42K - $64K
- Units as of 2022
53 36% over 3 years
Starting a business doesn’t come naturally to everyone. From time to time, expert and business specialists' knowledge is welcome.
That’s the target market that The Growth Coach provides services to, and it’s the same target market you could operate within as a The Growth Coach franchisee.
When you start a The Growth Coach franchise, you’ll join one of the leading business coach franchise brands in the U.S. and worldwide. Indeed, The Growth Coach is one of the top-ranked business coaching franchises by Entrepreneur Magazine.
As a unique coaching business, it provides affordable group coaching and coach accountability to help companies that want to grow quickly no matter what. Read on to see what it takes to start a The Growth Coach franchise.
Why should you start a The Growth Coach franchise?
If you’re considering becoming a part of The Growth Coach franchise, you’ll immediately benefit from several significant business advantages.
This business opportunity has an affordable total investment, offers training in Cincinnati, Ohio and gives you the tools to provide sales coaching to many business leaders.
First and foremost, business coaching is a massive industry, clocking in at about $11 billion. Therefore, this could be a prime business to get in on, especially if you have some business experience to offer as advice to new enterprises.
Furthermore, starting a The Growth Coach franchise could be a relatively low-cost investment. Initial investment costs are just $57,000 (with at least $45,000 in liquid capital), which is relatively affordable compared to many other franchise business models.
Combined with the market demand and working as a The Growth Coach franchise owner could be a wise idea, especially if you rely on its proven systems of coaching.
On top of that, you don’t have to worry about employees or an office. This self-owned, from-home franchise opportunity enables you to operate your brand out of your house and save all the expenses associated with office space. The same goes for payroll expenses, recruiting, hiring and training.
In the long term, you'll find that The Growth Coach brand offers a consistent, valuable product. Indeed, the coaching programs you’ll learn to provide to your clients and customers are about more than just plain tips.
They’re about changing lives and mindsets to create the next generation of successful American salespeople and corporations. You’ll be empowering sales teams with the strategic mindset process and helping businesses thrive – all while developing a thriving, strategic franchising business.
Bottom line: if you’ve already considered getting into business coaching, you might consider joining The Growth Coach as a franchisee to take advantage of a built-in audience, branding materials and extensive support.
Does The Growth Coach offer exclusive territory?
The Growth Coach does provide new franchisees with exclusive territories. More specifically, you'll get access to exclusive, protected territories of one or more contiguous postal code areas. In those areas, you can contact between 12,500 and 15,000 businesses as determined by the franchisor's mapping system.
This means you’ll have a core group of businesses to contact for your business coaching services. If you find this isn’t enough territory, you can pay another $5000 for all or part of another 1000 businesses above 15,000.
As you build up your client base, you can become well-known as one of the best Growth Coaches in your niche. The Growth Coach’s staff will help you identify and double down on your niche so you offer a distinct, recognizable product or advice for specific businesses, new business owners or upcoming enterprises.
In the coaching industry, the coaching process is fundamental. The only employee performance to worry about is your own. Build up your growth coach business and get all the individual coaching clients you need to succeed as a self-employed professional and small business owner.
What are current franchisees saying about The Growth Coach?
Currently, The Growth Coach franchisees have a lot of glowing things to say. Reviews are almost universally positive regarding the support and training The Growth Coach provides new business coaches under its brand umbrella.
Of particular note are the relatively low upfront costs and the outside financing assistance that The Growth Coach offers.
In other words, many reviews note how The Growth Coach makes it easy for you to start your new franchise, even if you don’t have an astronomical amount of cash saved up beforehand.
Many reviews also positively note that The Growth Coach doesn’t require franchisees to supervise their businesses personally. If you like, you can hire employees to run the business on your behalf. This flexibility makes it an excellent choice for entrepreneurs who enjoy freedom in their day-to-day business operations.
Related: 20 Signs You Might Need a New Franchise Coach
What support resources does The Growth Coach offer franchisees?
Once you sign the dotted line, The Growth Coach doesn’t leave you to run things without further guidance. Instead, this franchisor provides various support resources, starting with access to a franchisee intranet platform.
From this platform, you can access additional support and guidance resources, plus contact corporate for further assistance if needed.
The Growth Coach also provides all franchisees access to the internal corporate newsletter, proprietary software and designated meetings and conventions. Marketing will take up much of your time, particularly in the earliest days of your franchise business.
That’s why The Growth Coach offers various marketing support resources. For example, The Growth Coach will provide you with ad templates to quickly advertise your services to businesses and entrepreneurs in your local area.
These ad templates will be tweaked for regional preferences and must ensure emotional resonance. You can also have some input in the ad templates if you understand your local market well.
Marketing assistance for email marketing, social media marketing and SEO or search engine optimization is also included. The Growth Coach will recommend you build a website and help you develop it so it’s fun and easy to navigate.
Related: 6 Franchise Coach Myths, Debunked
How much does starting a The Growth Coach franchise cost?
Even if you’re eager to start a The Growth Coach franchise, you should consider costs before signing any contracts.
For starters, you’ll need to pay an initial franchise fee of $27,900 plus $50,000 in cash. These fees are remarkably affordable, especially for businesses with massive potential to thrive. Expect to make an initial investment of up to $64,000 or so.
Once your business is up and running, royalty fees are a bit high at 15%. This somewhat offsets the low starting costs.
Ad royalty fees are also 3%. That all said, The Growth Coach’s franchise opportunity is very accessible for new business owners or those pivoting to the private sector after a career working for other companies.
Does The Growth Coach offer financial aid?
Absolutely. The Growth Coach provides an excellent $2,000 discount off the franchise fee for all veterans who become business coaches. So if you are a veteran and want to jump on this franchise opportunity, you’ll have an easier time doing so.
The Growth Coach further provides various relationships with third-party lenders to cover your franchise fee, startup costs and other associated expenses. You won’t have to hunt for lenders or business loans to get your enterprise off the ground with The Growth Coach.
Related: 5 Tips for Hiring a Franchise Business Coach
How much training is required to start a The Growth Coach franchise?
The Growth Coach has a vested interest in ensuring that all new business coaches know what to do and how to provide real value to their clients.
To that end, you'll first have to complete 40 hours of classroom training before receiving your official license as a franchisee. The classroom training will cover things like how to acquire leads and how to use the proprietary software of this brand.
Then you'll need to complete 24 hours of on-the-job training. This can be done at home so you don't have to travel further to complete the training program.
At this stage in training, you'll learn how to use The Growth Coach coaching model to provide advice and actionable steps to your future business clients.
Related: Secure a B2B Company of Your Own with a Business Services Franchise
Start a The Growth Coach franchise today
Now you know exactly what you need to succeed as a The Growth Coach franchisee. Consider contacting The Growth Coach for franchise opportunities today.
Check out Entrepreneur’s other articles for more information about The Growth Coach and other franchise opportunities.
About The Growth Coach
|Related Categories||Business Coaching & Consulting, Miscellaneous Business Services|
|Parent Company||Strategic Franchising|
|Leadership||Chris Seman, President|
4755 Lake Forest Dr.
Cincinnati, OH 45242
|Social||Facebook, LinkedIn, YouTube|
More from The Growth Coach
Our business coaching franchises taps into the growing demand for leadership and sales training services
The Growth Coach has been ranked as one of the top business coaching franchises and has recently been named one of the Eight Best Franchises to Open that Support Businesses During an Economic Recovery by the IFA.The Growth Coach is a unique coaching business that leverages the power of affordable group coaching and accountability to help businesses succeed through the use of proven systems and winning strategies to maximize their employee performance.
With over 28 million small businesses in the U.S. alone, business coaching is a booming $11 billion industry. The Growth Coach is an attractive career for experienced executives, prior business owners and individuals from a variety of backgrounds who have proven leadership skills. Business leaders can benefit greatly from hiring a Growth Coach to develop teams, enhance processes, improve sales strategies and set goals.
"The opportunity to take my years of personal experience in insurance consulting, business ownership, management and mergers and acquisitions to help others is very fulfilling. There is nothing more powerful than to help others grow and develop into everything they can and want to be. As a Growth Coach, I get to come alongside business owners and leaders to help them realize their dreams and desires. What can be better than that?" Jeff Roberts, The Growth Coach of SW Kansas City>
A business coaching franchise is vital in all economies – good or bad
In 2020, the global economy was significantly impacted by the Covid-19 pandemic and continues to affect businesses into 2021. The global pandemic has forced many businesses to evaluate their strengths and weaknesses and make adjustments as needed. Many businesses have been forced to shift to remote work and adjust their operations to adapt to consumer demands. Navigating these uncertain economic times puts a lot of pressure on senior leadership to find solutions and efficiencies. The Growth Coach business coaching franchise provides stakeholders with the tools and skills to manage through any economic conditions. In 2020, The Growth Coach was named one of the Eight Best Franchises to Open that Support Businesses During an Economic Recovery.
Becoming a Growth Coach franchise owner is an affordable and attainable way to provide other business professionals the tools and strategies for reaching their goals and developing successful employees. Unlike most business coaching franchises that focus on projects and individual coaching, we’ve built a proven model of group coaching that allows you to build a more efficient business model and leverage your time so you can reach more clients.
If you’ve had a successful career and are ready to share your experience with others, owning a Growth Coach franchise could be a rewarding way to influence others and build a successful business of your own.
Our management team positions Growth Coach franchise owners for long-term success
When you make the decision to become part of The Growth Coach, you are making a commitment to yourself and your community to help business owners, managers, and sales teams grow — both personally and professionally. We are there with you at each step of the process, to provide training, develop new materials to respond to market demands, and help you grow your coaching franchise through professional marketing and promotional materials.
We have spent over 15 years perfecting The Growth Coach franchise model in communities across the country, working with coaches from various backgrounds and careers. All that work shows in our comprehensive training programs, simplified business operations, referral-based marketing systems, and high-visibility branding.
Ideal franchise owners are business-minded and entrepreneurial individuals who have a passion for helping others succeed and who value relationship building. They also have significant business experience and have a proven track record in leadership. The Growth Coach model provides flexibility in services and systems offered so that each coach can focus on the unique needs of the businesses in their communities.
More Reasons To Join The Growth Coach
- Low-Cost Investment - An affordable business to own and launch, with initial investment starting at just $57,000
- Huge Market Demand - 28 million businesses need your help to thrive in a competitive world
- Unique Coaching Approach - Group coaching is an effective way to deliver the power of coaching to more businesses
- No Office Needed - Own and operate a business out of your house and save all the expenses of an office
- No Employees – No payroll expense and no time spent recruiting, hiring, training, and managing a team. Work FOR Corporate America but not IN Corporate America
- More than Business Coaching - Our coaching programs are about more than work — our Growth Coaches change lives
|Franchising Since||2003 (2023-2003 years)|
|# of employees at HQ||12|
This company is offering new franchisees worldwide.
This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming
|# of Units||53 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a The Growth Coach franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$42,000 - $63,900|
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|$2,000 off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||The Growth Coach has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||24 hours|
|Classroom Training||40 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where The Growth Coach landed on this year's Franchise 500 Ranking versus previous years.
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