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Should You Start a Coaching Business?

coaching entrepreneurship May 23, 2019

 

Are you a personal development junkie? Do you binge watch inspirational videos on youtube or love helping people? If so, you may be called to be a coach!

Yes - it's absolutely a fulfilling career path if you want to live a laptop lifestyle, have unlimited earning potential and time freedom while making an impact around the world.  The coaching industry has been growing every year and is a multi-billion dollar industry that is estimated to keep growing. Especially with all the easily accessible technology; Zoom, Social Media, Cloud Storage etc., you can open up shop today and make money tomorrow.

However, it's not all glamorous as it appears. You need to know if it's right for you. Read on to explore what you should know about starting a coaching business.

 

Do You Know Why You Want to Start a Coaching Business?

I recommend first exploring why you want to do this. If it's to bring in more cash or be free to travel the world, you need to think beyond your immediate desires. Starting any business takes WORK and commitment beyond just making money. Do you like diving into people's lives and helping them overcome challenges? Do you want to leave an impact? Do you love it so much that you would do it for free? Pause and ask these fundamental questions. Follow your passions and use your area of expertise to help people, and if you don't have the skills, be prepared to get them.

 

Are You Willing to Embrace a Complete Business Plan and Operations?

You may be an excellent counsellor, advisor or consultant, but running a business is a whole different ballgame.

You're fooling yourself if you think all you have to do is Google "how to start a coaching business" and go. 

Coaches with successful businesses are continually learning and investing in professional development, business skills, in addition to networking, growing and developing their systems. Especially when you are getting started, you are wearing a lot of hats unless you have the capital to hire people to do it for you.

You will need a business plan and execution that includes:

  • Personal Branding
  • Marketing Strategy
  • Sales Strategy
  • Customer Service Protocols
  • Product Creation and Delivery Processes
  • Bookkeeping and Accounting Services

YOU are the CEO of all six of those departments!!! You better know what you're doing or at least hire someone to help you.

 

Are You Ready to Go Public as a Leader?

 

Yes, my friend. No hiding behind your laptop - LOL!

You'll need to embrace leadership, which includes anything from public speaking to social media marketing. 

You will need to come out from behind your logo and be willing to express yourself since people like to connect with real people.

Coaching is a very personal context, and potential clients will want to know your values, your message, and what you stand for.

Sharing your voice is a must! The loudest, sincere and most authentic voice wins. If you need help finding your distinct presence and voice, you can connect with me here.

 

Are You Willing to Get a Coach?

Coaches have coaches. I currently have two coaches that I am working with: one for growing my personal branding agency and another for expanding my potential as a multifaceted human: wife, mom, creative entrepreneur.

Do you have a coach? Are you everlearning? Embrace the process of growth and success will meet you along the way.

 

You'll Make a Great Coach If...

✔️ You said yes to serving people, humanity and the planet for the most ecological possibilities.

✔️ You said yes to LIFE LONG LEARNING both in your business and life skills.

✔️ You said yes to being a leader. Sharing your brilliance, your inner thoughts and passion to the public. 

✔️ You understand that success never happens alone. You will need support from your coach, teachers, teams and collaborations to make it work.

 

Ready to Start Your Coaching Business?

I've helped many other women start and grow their coaching businesses. There are four essential pillars to acquiring more coaching clients: Mindset, Branding, Marketing & Sales. If you need help, click here to book a chat.

Need Help Manifesting the Business and Life of Your Dreams?

Apply for a Complimentary Coaching Session with Cherene Francis.

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