Did you know that professionally life coaching is a multimillion dollar industry? From services and products to training, people can create a very profitable business. But, many people are not aware that coaching is a profession, or what coaching as a method is. So, let’s start with defining coaching. The International Coaching Federation defines coaching as “partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential.” So, according to ICF, coaching is a process. But, it’s also a tool and it is an industry.