Do I have to learn finance and accounting principles to understand and effectively measure the ROI in coaching?
No. Although many of the basic principles of finance and accounting aren’t required for developing the ROI in business coaching, it is important to understand issues such as revenue, profit and cost. Ultimately, the payoff of coaching or any human resources project or program will be based on either direct costs saved or additional profits generated. It’s helpful to understand the nature and types of costs and the different types of profits and profit margins.
