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Life coaching is the process of helping people identify and achieve personal goals.
Although life coaches may have studied counseling psychology or related subjects, a life coach does not act as a therapist, counselor, or health care provider, and psychological intervention lies outside the scope of life coaching.
It provides positive support, feedback and advice on an individual or group basis to improve personal effectiveness in the business setting.
Research studies suggest that executive coaching has a positive impact on workplace performance.
This approach is different from regular tutoring which typically seeks to improve a student's performance in a specific subject.
For students, opportunities for coaching include collaborating with fellow students to improve grades and skills, both academic and social; for teachers and administrators, coaching can help with transitions into new roles.
Some Financial coaching is a relatively new form of coaching that focuses on helping clients overcome their struggle to attain specific financial goals and aspirations they have set for themselves.
Financial coaching is a one-on-one relationship in which the coach works to provide encouragement and support aimed at facilitating attainment of the client's financial plans.
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In some countries, there is no certification or licensing required to be a business or executive coach, and membership of a coaching organization is optional.