<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=577820730604200&amp;ev=PageView&amp;noscript=1">

It costs money to provide your people with professional training. The better the training, the more money it costs, as you would expect. The bigger and the more important the outcomes, the more you are likely to spend.

Coaching costs money, too. Really good coaching costs much more than you might expect. But if you want to identify the obstacles (always internal) and blast through to better performance, you have to pay the price. There isn’t anything that produces greater results faster than good coaching, but it isn’t cheap.

But training and coaching are expensive in other ways. To provide people with training opportunities, you have to take them off the field. While your people are being trained, they’re not working. The same is true of coaching; it takes time. It’s hours away from the work you hired people to do.

Change comes with a price, too. As you train and coach people, there is a serious lag time between the interactions and the results. It’s very much like driving on ice; you hit the brakes and turn the wheel, but it takes time for the wheel to catch. The time it takes for your people to produce new results is another cost.

The Real Expense

But if you believe training and coaching is expensive, try not training and coaching your people. The real expense is having assets that aren’t fully developed. What’s expensive is the time you lose not producing the results you are really capable of producing. The opportunity cost far exceeds anything you might pay for training or coaching, regardless of the expense.

You think training and development is expensive? What’s really expensive is not training and coaching your people.

Questions

Why is training and coaching not considered an investment?

What percentage of your income do you invest in your personal and professional development?

How much time do you take off the field and how often?

What do you do to ensure you get a return on your investment?

Post by Anthony Iannarino on March 24, 2014

Written and edited by human brains and human hands.

Anthony Iannarino

Anthony Iannarino is an American writer. He has published daily at thesalesblog.com for more than 14 years, amassing over 5,300 articles and making this platform a destination for salespeople and sales leaders. Anthony is also the author of four best-selling books documenting modern sales methodologies and a fifth book for sales leaders seeking revenue growth. His latest book for an even wider audience is titled, The Negativity Fast: Proven Techniques to Increase Positivity, Reduce Fear, and Boost Success.

Anthony speaks to sales organizations worldwide, delivering cutting-edge sales strategies and tactics that work in this ever-evolving B2B landscape. He also provides workshops and seminars. You can reach Anthony at thesalesblog.com or email Beth@b2bsalescoach.com.

Connect with Anthony on LinkedIn, X or Youtube. You can email Anthony at iannarino@gmail.com

ai-cold-calling-video-sidebar-offer-1 Sales-Accelerator-Virtual-Event-Bundle-ad-square
hustler-ebook-v3-1-cover

Are You Ready To Solve Your Sales Challenges?

Anthony-Solve-Sales

Hi, I’m Anthony. I help sales teams make the changes needed to create more opportunities & crush their sales targets. What we’re doing right now is working, even in this challenging economy. Would you like some help?

Solve for Sales

Join my Weekly Newsletter for Sales Tips

Join 100,000+ sales professionals in my weekly newsletter and get my Guide to Becoming a Sales Hustler eBook for FREE!