How Coaching Others Helps Your Personal Development

The opinions expressed by entrepreneurs contributors are their own.

The coaching industry has grown in recent years and continues to grow over the years. This happened because people realized the value of getting help from someone with an outside perspective, be it individuals or organizations.

The reality is that coaching works. The former CEO of , , says tech giants like and Google owe much of their global success to their "trillion-dollar" business coach, Bill Campbell.

Campbell has worked with companies to show them that coaching is about trust and perseverance. Schmidt went on to say that once trust was established between him and his coach, "then [they would] work together to solve the problems."

Coaching is often thought of as an exercise where the coach helps a client achieve personal or professional goals. But it is also an extremely rewarding exercise for the trainer. It builds them as individuals and helps them become stronger as a market leader and mentor. Here's how:

Related: 8 Reasons Coaching Is the Perfect Solo Business

You share your expertise

Coaching helps you share your expertise and experience with clients. That doesn't mean you have to have many years of coaching experience. Instead, you should have work, health, or life experience (depending on which coaching niche you choose to focus on).

Finding your coaching niche is one of the first and most crucial steps in planning your business. Performance Coach University has shared a diagram showing all the aspects you need to consider to find your niche. There are four pieces to the puzzle:

What you like

What people will pay

What you are good at

The problem you are helping people solve

Coaching is about learning from your personal experiences and using them to help others. Here's an example: Suppose I once worked as a manager in a big company and didn't get enough support from my leaders. In this case, I can use my learnings to help coach other managers who encounter similar difficulties.

This is why you often see people who have had experiences like losing weight start training other people. They are experienced and knowledgeable, and potential clients respect that.

You develop confidence and self-esteem

Many clients sign up for online coaching sessions because they want to build their confidence and self-esteem. This often happens because they have experienced something that has lowered their level of confidence at work, at home, or in a particular community.

As a coach, you will spend a lot of your time trying to build that trust in your clients over the long term. But the fact is, the more customers and online interactions you have, the more trust you will gain.

Once you have your first customers, they can share their positive experience with you, and you can win more customers through word of mouth. It also means that over time more and more people see you in a positive light. It can boost your confidence and self-esteem, and before you know it, you can be speaking at conferences and events as a coach.

Related: The 5 Steps to Building Unshakable Trust

You build relationships

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