What’s New and the Cost of Coaching – Episode 327

In today’s episode, John shares what’s new, and explores the cost-benefit considerations of career coaching. This topic was triggered by a podcast listener’s question. It is a common concern of those seeking a major career pivot, and are considering whether to hire a coach to help them navigate the process. 

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He guides listeners on how to discern the right type of coach, considering multiple factors, including the cost. Before getting into that topic, he also provides an update regarding what’s new with NewScript, the Nonclinical Career Academy, and former podcast guests.

Our Show Sponsor

We’re proud to have the University of Tennessee Physician Executive MBA Program, offered by the Haslam College of Business, as the sponsor of this podcast.

The UT PEMBA is the longest-running, and most highly respected physician-only MBA in the country. It has over 700 graduates. And, the program only takes one year to complete. 

By joining the UT Physician Executive MBA, you will develop the business and management skills you need to find a career that you love. To find out more, contact Dr. Kate Atchley’s office at (865) 974-6526 or go to nonclinicalphysicians.com/physicianmba.

Did you know that you can sponsor the Physician Nonclinical Careers Podcast? As a sponsor, you will reach thousands of physicians with each episode to sell your products and services or to build your following. For a modest fee, your message will be heard on the podcast and will continue to reach new listeners for years after it is released.  The message will also appear on the website with over 8,000 monthly visits and in our email newsletter and social media posts. To learn more, contact us at john.jurica.md@gmail.com and include SPONSOR in the Subject Line.

Understanding the Value of Expertise in Coaching

John explains his perspective on using a coach to accelerate one’s professional advancement. He challenges the perception that coaching should be priced solely based on the hours spent, asserting that it’s about the value derived from the coach’s expertise. He explains the importance of coaches committing to tangible results, drawing parallels to his experience as a CMO where outcomes were paramount.

Choosing the Right Coach for Your Goals

John discusses the importance of selecting a coach aligned with your objectives, emphasizing that experienced coaches, despite their higher fees, offer valuable expertise. He touches upon the price range, mentioning that fees can vary, from a few thousand dollars for shorter sessions to potentially higher amounts for longer-term coaching. He advises prospective clients to carefully assess a coach’s approach and seek references before making a decision. 

Summary

The best coaches are well-trained, with years of practical experience. Many have expertise in specific industries and serve as mentors and consultants. The cost of hiring a coach can be significant. But in most cases, those costs are justified by the improved lifestyles, career advancement, and higher salaries the clients achieve as a result of their coaching. 

As explained during the episode, Dr. Debra Blaine has recently released her 4th novel. It is called The Meriki Effect and can be found at most large bookstores and here on Amazon (this is an Amazon affiliate link).

And Dr. Andrew Wilner is releasing the 100th episode of his popular podcast called The Art of Medicine on December 10th. It is an eclectic collection of interviews that will entertain and educate listeners like you. It can be found on all major podcast channels, including iTunes, Buzzsprout, and The Art of Medicine on YouTube.

And if you’d like to listen to Dr. Wilner’s interview with Dr. Blaine from three years ago, that can be found RIGHT HERE on YouTube.

NOTE: Look below for a transcript of today’s episode. 

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Disclaimers:

Many of the links that I refer you to are affiliate links. That means that I receive a payment from the seller if you purchase the affiliate item using my link. Doing so has no effect on the price you are charged. I only promote products and services that I believe are of high quality and will be useful to you. As an Amazon Associate, I earn from qualifying purchases.

The opinions expressed here are mine and my guest’s. While the information provided on the podcast is true and accurate to the best of my knowledge, there is no express or implied guarantee that using the methods discussed here will lead to success in your career, life, or business.

The information presented on this blog and related podcast is for entertainment and/or informational purposes only. I do not provide medical, legal, tax, or emotional advice. If you take action on the information provided on the blog or podcast, it is at your own risk. Always consult an attorney, accountant, career counselor, or other professional before making any major decisions about your career.