The Coronavirus Pandemic has taken a heavy toll on the best of us, these are hard times when everyone is struggling to make ends meet. As everything is now gradually opening up, ideally one can expect cut-throat competition in almost any field they choose to pursue. Entrepreneurs are facing tough challenges, especially in these times of uncertainty.
In these tough times, you are the one who decides where your career trajectory will go and for that everyone needs guidance. The guidance can come in different forms. Coaches VS Mentors. A common tug of war question which every entrepreneur deals with, so it is very important to understand the key difference between coaching and mentoring.
The concept of Coaches though is mainly used in the Sports industry however, almost every field today has a wave of coaches coming in and presenting the world with extraordinary talent. People often get confused between coaching and mentoring. There are dedicated coaches and mentors who have given their hearts and soul to earning their titles. In this article, we will talk about the difference between coaches and mentors and who you need for your business.
A coach is someone who helps you imagine a greater possibility for yourself and then supports you to achieve it. They help their clients to dream big and help make those dreams come into reality. We all need people who give us feedback and help us work on our constructive criticisms. That’s how we improve.
One thing that people always fail to do is self reflect or in layman’s terms see themselves the way others do. Coaches do help to overcome this dogma. Coaches really guide you and let you know if you’re on the correct path. Every famous dancer, athlete, or actor always had someone, a dedicated coach to guide them and help them achieve the goals that they once deeply desired.
Why Do You Need a Coach?
Everyone needs a coach, the greatest too. People might often expect you to do things on your own, however, they do not realize that many problems arise when you’re figuring out your ways. Sometimes you’re not even aware of the problems holding you down and sometimes you don’t know how to fix them and this resorts to you stopping your improvement.
Coaching helps you to be self-aware on a whole another level as you’re been looked upon with a completely different set of experienced eyes. They become your external eyes and ears and give you a much more accurate picture of your reality. They help you break down your actions piece by piece and build them up again. They don’t care about how good you are right now, they care about how good you are going to be.
How Do Business Coaches Help You?
Business Coaches help you identify your shortcomings and provide ideas to fill the gaps that you have on the road to achieving your goals.
Business coaches help you in planning your goals and achieving them step by step.
Teaches you to communicate with your investors so that you can convince them to invest in your business.
Train you to tackle any kind of situation in your business.
Who Is a Mentor?
A mentor is a person who has walked down the same path you’re walking right now and will help you get where you want. They believe in you, trust you and prepare you not just for yourself but to make the world a slightly better place.
Mentors are a bit hard to find. They aren’t set up in a traditional institute. To find a mentor you have to work on yourself in the beginning and earn the trust of the person you want to be mentored. One cannot simply knock on an institute’s door to find a mentor one has to rather keep going on their own journey and find their mentor. Once you do, you cherish them forever. They provide you with their knowledge and wisdom and help you achieve your goals.
Why Do You Need a Mentor?
Mentoring lives up to a lifetime and it does not just help you get better at your business but also get better at life. Being a mentee means getting constantly grilled for improvement with critical feedback based on the path you’ve chosen to walk upon. One can have multiple mentors in their lifetime.
How Do Mentors Help You?
Mentors are actually the one who gives advice according to their personal experience, so they what step to take to solve the problem.
Mentors not only help with business-related stuff but also provides advice on how to tackle pressure and burnout.
They also help in developing contacts which can make the business better.
Effect of Mentoring in Business
Coaching vs Mentoring: What Do You Need?
Mentoring is purely based on trust, some would consider their mentors as their third parent. A mentor is someone who has already been there and done that. They develop the potential in you and help you grow as a person.
Coaching is structured and is based upon you getting results while mentoring is based on your live performance and growth. If you wish to get good at chess you’d probably need a coach but if you wish to play your life as skillfully as chess and win the game in the end, you do need a mentor.
Both the coach and a mentor encourage your self-improvement and in increasing your confidence. At the end of the day, it is your requirement and your business requirement that decides whom you need on board, a mentor or a coach.
Conclusion
In the tug of war of Coach vs Mentor, nobody actually wins. You need to invest in yourself through them. It is tough to find people who guide you through this cruel world but if they’re with you, you need to hold tight and extract all their wisdom. They will be there to advise you and guide but the last call will always be yours in your business.
FAQs
What are the three types of mentoring?
The three types of mentoring are:
Traditional one-on-one mentoring
Distance mentoring
Group mentoring
Is a mentor free?
Most of the time mentors provide advice for free to the new entrepreneurs.
The way the porter adds the shape to the mud and clay is the same way a coach is essential in a student’s life. A coach encourages, inspires, and makes them teach the pros and cons of every aspect present. Although one can individually also learn a lot of new and innovative things, it gets a lot easier with the presence of the coach.
A real motivator, leader, psychologically supportive person is a good coach. Apart from this, maybe the most important aspect is that he becomes a role model. He inspires his followers to bring the best out of them. Hence, an important coach is as essential as wings are for birds to fly.
Effective coaching skills include:
1. Clear and relevant thoughts. 2. Focus on making a solution out. 3. Having a constructive and motivating mindset.
Essential Coaching Skills
But there are some coaching skills, which make a coach from better to the best. Those qualities include:
The action of being aware of or understanding or experiencing the feeling of someone is known as empathy. This is a very sensitive experience and this is one of the characteristics which can help to be a good coach. While dealing with a lot of students and young guys, a coach may come across a lot of students, having emotional turmoil. These students need an empathetic teacher or coach.
Someone who can sit and talk about how they are feeling. Although this characteristic may sound a little abnormal. But in this post-modern traumatic world, it is really important to get the mindset one is going through. Hence it is important to have empathy towards your student and by this, you can get the best out of him or her.
Positivity
Essential Coaching Skill – Positive Mindset
With a positive mindset, one can complete half of his work. A positive mindset encourages you to face every difficulty that you face in your everyday life. And when you deal with students having low willpower and conscience, the coach should have a positive mindset and pump them up, to move forward.
There will also be students messing things up and making mistakes again and again. But as a coach, one must not get irritated. Rather than thinking positively, the coach should rectify the mistakes and deal with the students.
Sincerity
If the coach would not be a sincere one, then from whom would the students get influenced. Being active all through the class, discussing topics with the students, and making an effort to be friendly with them is important. With all this, a coach can acquire the sincerity he or she needs to become a good coach.
If the coach himself would arrive later to the class. If he would start thieving while teaching, then it would create an adverse effect on the students. Which would surely be a negative point to count. Hence, being sincere with the topic and students is also a good character of a good coach.
Proper Guidance
Just teaching the students a lesson and moving out is not what coaching is. Guiding the student while studying and clearing his or her doubts is also very important. Proper guidance includes clearing doubts of the students, interacting with the class while teaching.
It also includes restricting the students from getting on the wrong track. Making them understand what is right and what is wrong. And with all this, comes the complete package of proper guidance.
Proper Communication
In the primary ages, the children are taught to develop communicative skills. While growing up we slowly stop communicating our hearts out. But as a coach, one must have proper communication with his or her students. With proper communication, a tight and strong bond can be developed between the coach and students. This bond helps the students to be friendly with their coach and simultaneously helps the coach to know their students better.
With this, a student will never fear to ask his or her doubts to the teacher. Along with that, he or she can share his or her problems with the teacher, which are haunting him. But this all can start only if a coach becomes friendly, and establishes good communication within them.
Persistence
To remain unchanged or fixed in a specified character, condition, or position is known as persistence. To remain persistent every time is a little difficult, but somehow it is important for becoming a good coach. It is one of the essential coaching skills which one must have by which one can remain stubborn with his decisions. If he or she alters his or her decisions every next second, it would create a bad impact on the students.
Curiosity
If a coach would start thinking that he or she knows everything in the world, then it would just become a shame. No one knows everything in this world. But everyone knows something which others don’t know. Hence here comes the curiosity factor. If a coach would stop being curious then, he would never be able to learn further.
As a teacher one might know something better than the students. But he should always be curious to learn more. He should have that thirst, by which he would make those students feel good and their moral power would be much higher.
Being Innovative
Everyone has their style of teaching. So, we should never try to copy someone’s style or method of teaching. Rather we should always be more innovative. By being more innovative, it would automatically result in making the teaching method more fascinating. The students would have a lot more interest to know more and more of what is being taught.
A new innovative skill of asking questions, a new technique of taking assignments can help in this process. Although it is not possible to be innovative in every way and every time possible, we can try to make something though.
How to be a Good Coach
How to be a Good Coach
The qualities such as empathy, patience, and others are no doubt the most essential coaching skills. Besides these, there are some important points which one must focus on to be a good coach:
1. Maintaining positivity in approaches
2. Listening to the audience patiently.
3. Ready to gain new knowledge.
4. Keeping up the value of clients.
5. Putting up questions.
Apart from all the qualities, one should possess these 5 qualities to be a good coach.
Conclusion
Hence, keeping all this in mind one must never humiliate or criticize a single student publicly. A good coach never places winning as more important than participating. This demoralizes the student’s mind. One should never play favorites and focus on his interested student only. This is one of the worst effects of a coach.
A good coach should always keep the mental and physical health of his students first. He would always stop students from bullying each other. And, with all these do’s and don’ts one can take the positives out of this, on how to become a good coach.
Coaching is the act of giving special classes in sports, in a school subject or a work-related activity, especially to one person or a small group. Coaching institutions are the places where this activity is organised. Coaching institutes provide training on a variety of topics like educational, recreational, sports etc. One can opt for any one of these depending on their interest.
Generally, we see a pattern in the type of coaching industry thriving in a particular region. In developed nations, coaching institutes for academia is not that popular as it is in India. One reason for this is the better quality of education in the developed countries are sufficient to cater to the academic needs of the students which is not the case in India. Another reason for this is the rising demand for the limited number of seats in India’s elite colleges like IITs and AIIMS which have led to the exponential growth of coaching institutes in India. In this blog, we are going to present a case study on the exponential rise of the coaching institutes in India in past few years.
The share of the education sector in India was 91.7 Billion USD in 2018, which has risen to 117 Billion USD in 2020 and continues to expand. The coaching industry alone contributes approximately 3.5 billion USD to this, which is huge considering there are various types of educational institutes in the country including schools, colleges etc.
Most parents understand the crucial role of coaching in their children’s future. They feel that it helps their children in solidifying their knowledge which is not possible by schools alone. Coaching institutions also enhance the conceptual learning of the students which is very crucial for their selection to prestigious institutes like IITs, AIIMS or IIMs. It is the trust of parents who are willing to pay exorbitant amounts of fees for their child’s education, coaching institution as an industry is witnessing massive expansion.
If we look at the competition for the seats IIT-JEE has around 10,000 seats, yet more than 200,000 students show up for its entrance exams. More than 770,000 show up for the NEET for an insignificant 2,140 seats. Despite the miserable proportion of the students accepted in these engineering or medical institutes, the total number of candidates appearing for IIT-JEE or NEET goes in lakhs, and most of the students who appear for these exams opt for coaching in some of the well-known coaching brands like Aakash, FIITJEE, and others. These coaching classes are seen as the stepping stone for the students for the successful preparation of these entrance exams.
The coaching institute craze also extends to post-graduate studies like MBA in India. Every December, several candidates appear for the Common Admission Test (CAT) to gain admission to the top Indian B-schools. There is also very stiff competition for a paltry number of seats and coaching institutes for CAT thrive on this competition.
Split Of Education Market As Per Different Categories
Lakhs of students happily struggle to cut down their living costs steeply to pay coaching institutes’ hefty fees. All of them have a common aim of getting admission to the crown jewels like All India Institute of Medical Science (AIIMS), Birla Institute of Technology Sciences (BITS), Christian Medical College (CMC), National Institute of Technology (NIT), Indian Institute of Technology (IIT), and several other prominent institutes. Statistics and trends suggest that coaching institutions in India will continue to flourish in coming times as well.
Although there are lakhs of coaching institutes in India. But, some of them have outgrown and have established themselves as big brands. It is a dream for many of the students to get into any of these coaching institutes while preparing for the exam as they have a good reputation in the education market for the selection of a particular kind of exam. Students often find them as a more secure choice compared to the other options out there.
Here are the top 10 coaching institutes that aspiring candidates may consider in their quest to choose the ideal institute:
Vibrant Academy
VIBRANT ACADEMY Logo
A foundation established to prepareIIT-JEE students, Vibrant has established itself as a solid contender among the top coaching institutes. One of the best coaching institutions with a record level of 43.2% (1243 out of all-out 2836) selections from ordinary homeroom courses in the 2019 JEE Advance, this coaching institute has set a benchmark for itself and its rivals.
Resonance
Resonance Logo
Since its establishment in 2001, Resonance has become a household name. With 12+ study programs, 300+ full-time employees out of which 25% employees are from the IITs, and with the most noteworthy number of understudies fitting for JEE Advance, this coaching institute is known well-known for producing entrance exam toppers.
Bansal Classes
Bansal Classes Logo
A pioneer in the coaching industry, Bansal Classes has always demonstrated its value with respect to the different entrance exams in India. With two understudies in the top 10 All-India rankers and 19 in the top 150 All-India rankers in JEE Advance 2019, Bansal Classes is known for its teaching prowess.
With almost 4,000 understudies accomplishing an All India Rank in JEE (Mains) 2019 and 3,729 understudies accomplishing a position in JEE (Advance), FIITJEE has been a highly favoured coaching institute, particularly for engineering exams. It is one of the biggest names in the coaching institute industry and gives a perfect platform to genuine JEE applicants.
The Narayana Group
Narayana Logo
Narayana is counted amongst the prestigious coaching academies in India. With a focus on 17 significant urban cities (including Delhi), the organization offers study materials alongside experienced educators. With about 400+ qualifications in JEE Mains and 200+ JEE Advance, Narayana enjoys a strong image when it comes to entrance exams.
Allen Career Institute
ALLEN Logo
Almost 45,000 students enrolled in Allen’s classroom course in Kota for the 2019 session. With 990 students qualifying for the JEE Advance 2019 and 380 absolute determinations in AIIMS 2019, the accomplishments of Allen Career Institute are well-known.
Vidya Mandir Classes
Vidyamandir Classes Logo
Vidya Mandir has gained prominence among IIT competitors by giving proper courses in more than 30 urban areas. With almost 48 top scorers through the proper course and 9 top scorers through a correspondence course in the JEE Advance, Vidya Mandir is certainly worth it for exam preparation.
Aakash Institute’s branches can be found throughout India. Almost every school-going kid knows about Aakash. An extraordinary community for great training, Aakash’s understudies have been doing wonders in different selection tests. The foundation packed away 908 determinations in JEE Advanced 2019 and 26657 in NEET-UG 2019.
IITians Pace
Pace IIT & MEDICAL Logo
IITians Pace was launched in 1999 with the sole purpose to guide understudies in Mumbai who wanted to get admits to reputed engineering and medical colleges. In recent years, IITians Pace has positively shaped Mumbai and has also expanded to different locations in the country. There is a campus in Dubai as well. Students from IITians Pace have performed exceptionally in Olympiads as well.
Super 30
Interest in Mathematics and a will to assist monetarily poor understudies aiming for the IITs gave birth to Super 30 classes. Situated in Patna, Super 30 picks 30 gifted understudies every year and prepares them for JEE. Until this point, Super 30 has cemented its place by conveying a 100% achievement rate in 2008, 2009, and 2010 when the entirety of its 30 students were selected into the IITs.
As per the reports from IBEF India is the second-largest market for e-learning after the US. As digitalisation is growing and reaching every nook and corner of the country, the e-learning market is expected to get even stronger in the coming year. The e-learning sector is expected to reach US$ 1.96 billion by 2021 with around 9.5 million users. Thus, coaching industry is projected to grow in the near future as well.
While the coaching institutes are growing, their reach is limited only to bigger cities as of now. The greater part of these classes are running in metro cities like New Delhi, Mumbai, Kolkata, Hyderabad, Bangalore, and Chennai which are favoured for common administrations, law, and chartered accountant examinations. On the other hand, Jaipur, Chandigarh, Kota, and Pune are favourable destinations for engineering and management exams.
Another thing to notice is that a significant number of the best educators of presumed schools and universities have found employment elsewhere and taken up private training; the straightforward explanation being that the monthly payments of a good mentor is higher than a school teacher. Consequently, we find that mentors in coaching institutes are the best in their work, which is a benefactor in growth of these institutes.
Education Industry In India
Private mentors charge anything between INR 500 to INR 4,000 every hour for each student depending upon the cities and the subjects, which for multiple educational subjects costs between INR 1,000 to INR 6,000 every month to a student. Thus, there is a very huge earning potential for private tutors.
Factors Behind The Growth Of Coaching Institutions
As discussed above we have found that coaching institutes has been growing exponentially and will continue so in coming times as well. The factors that are causing this growth has been discussed below:
Roboust Demand: India has currently 250 million school going students as per IBEF report. This presents coching industry a huge market for growth.
Competitive Advantage: India has competitive advantage to its counterparts due to large English speaking population. This allows easy delivery of educational products for students to access.
Increasing Investments: The education market in India is expected to amount 225 billion USD in FY25. Ed-tech market in India is also projected to reach 10.4 billion USD in 2025. This will be major factor behind the growth of coaching institutes.
Exam Anxiety: The test fear is a significant attribute for trying out training classes. These classes are viewed as the most widely recognized arrangement among youngsters who need to exceed expectations scholastically.
Extra Push: Even the most elite understudies have the opportunity to get better. And coaching institutes are known to provide this push.
Expected Growth Of Coaching Institutions In Future
India’s coaching institutes have an incredible opportunity given that around 580 million of the country’s populace lies in the age group of 5-24 years making it the largest population in this particular age bracket. This large market comes with the lots of opportunity for the education sector in general and coaching institutes in particular. India’s education sector is expected to reach $225 billion by 2025.
Expanding web infiltration will help in training conveyance. India has more than 250 million school-going understudies, which is more than the entire population of several nations. It has probably the biggest system of education establishments in the world.
Proportion Of Students Taking Private Coaching
The Central Government intends to dispense $1 billion to states for aptitude- improvement activities. In October 2017, to support the Skill India plans, SANKALP and STRIVE were propelled at a cost of $1.02 billion. Reviving Infrastructure and Systems in Education by 2022 was declared in the govt budget of 2018-19 with INR 1 lakh crores allocated for the initiative.
‘Expertise India’ program has profited more than one crore youth every year. Under the Union Budget 2019-20, the government gave INR 400 crores for ‘World Class Institutions’. The training area in India stays to be a key need for the administration. The Government of India has permitted 100% Foreign Direct Investment (FDI) in the instruction area through the programmed course since 2002.
The Government of India is chipping away at the draft of the New Education Policy to address the changing elements in the instruction business of the nation. ‘Organizations of national significance’ (NID) will have the option to build private associations and work together with research labs across India. According to the Union Budget 2019-20, under the Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA), more than 2 crores of rustic Indians have been educated.
