June 14, 2010 // Franchising.com // CINCINNATI – As traditional advertising and broker relationships continue to get more expensive but less effective at generating quality franchise leads, The Growth Coach, a national franchise of small business coaches in more than 140 markets, is breaking away from traditional approaches in finding franchise buyers. The Growth Coach announced it will pay $5,000 to anyone who identifies and brings a qualified franchise buyer into The Growth Coach system before September 30, 2010.
"The goal of the $5,000 Referral Program is to help surface the best possible franchise buyers from across North America with the right background, skill sets and passion to join The Growth Coach system," said Dan Murphy, President and Founder of The Growth Coach. "To fulfill our mission of coaching small business owners throughout North America, it is critical that we leverage our ability to discover additional top-caliber business coaches through the use of social networks."
By providing a word-of-mouth financial incentive to locate potential business coaches, The Growth Coach is able to explore untapped markets and reach a larger and more diverse audience. The individual who brings in a qualified franchise owner will receive $5,000 once the referred candidate successfully purchases and joins The Growth Coach franchise system. There is no limit to the number of referral fees an individual can receive.
The successful referral program was originally created as an internal incentive for its own franchise owners to identify and bring in new business coaches, but is expanding externally to further leverage social networks and broaden the pool of quality candidates.
"Everyone knows someone in their personal or professional lives that would make a fantastic business coach and has the right background, personality, and financial qualifications to successfully launch a Growth Coach business," said Murphy. "Business coaching is also a perfect fit for retirees looking to stay engaged in their local community and make a real difference."
All candidates referred to The Growth Coach will need to meet the franchise system's selection criteria, including access to $50,000 in liquid capital, five years of business experience and a strong desire to become a business owner while working with and helping other small business owners achieve greater success and balance. Candidates do not need to have previous coaching experience as The Growth Coach utilizes a structured coaching process in all services they render.
As one of the world's fastest-growing business coaching franchise systems, The Growth Coach has launched aggressive expansion plans to increase its system to 300 locations within the next five years.
The Growth Coach utilizes its signature Strategic Mindset® group-coaching workshop process, one-to-one coaching, tele-coaching, and other related services to help small business owners, self-employed, professionals, franchisees, and others reach greater success in business and in life. All initial coaching services come with a 100 percent money-back guarantee. The coaching process helps clients gain clarity of direction, develop focused action plans, and receive on-going accountability to stay on track and reach their major goals.
Founded in 2002, The Growth Coach is the only pure business coaching franchise system with the single purpose of helping drive success and balance the lives of business owners. Their goal is to help clients gain greater focus so they can work less, earn more and enjoy more fulfilling lives. Clients include small business owners, franchisees, self-employed professionals, high-end sales, financial services professionals and managers from businesses of all sizes. The Growth Coach operates in more than 140 markets across North America.