Explore the hidden self-concept blocks that can hinder your business growth as you approach the $100K mark. Discover how your self-perception affects pricing and client acquisition, often disguised as sales or marketing challenges. Learn strategies to identify and overcome these mental barriers, enabling you to confidently raise your prices and fill your coaching practice. The conversation emphasizes the vital role of inner work in driving substantial income and achieving the business success you aspire to.
Self-concept issues can significantly hinder a coach's ability to charge higher fees and grow their business effectively.
Envisioning future success and embodying necessary self-beliefs are crucial for overcoming self-imposed limitations and achieving significant growth.
Deep dives
Self-Concept and Revenue Growth
The episode emphasizes the significant role of self-concept in achieving revenue milestones, especially around the $100,000 mark. Coaches often face self-imposed limitations regarding their self-worth and capabilities, which can impede their ability to charge higher rates or transition to group coaching models. For instance, many coaches believe they cannot raise their prices dramatically due to self-doubt about their value, leading them to make small incremental increases instead of a substantial leap. This perspective can prevent them from seeing themselves as deserving of higher fees based on their growing experience and skills.
Challenges of Attracting Clients
Coaches often struggle with internal beliefs about their ability to attract and handle clients as they approach six-figure revenue. Some may find themselves fully booked yet still hesitant to sell additional services, reflecting a lack of confidence in their high demand. The episode discusses the importance of pre-selling spots rather than waiting for openings, highlighting a mindset shift that recognizes their value as a sought-after coach. A successful self-concept shift allows coaches to see themselves capable of managing more clients and confidently marketing their group services.
Transforming Self-Perceptions
The conversation stresses the importance of projecting oneself into future roles to facilitate transformational growth in business. Coaches are encouraged to envision where they want to be in three years and adopt the self-beliefs necessary to achieve those goals promptly. The speaker shares a personal experience, showing how she transitioned from charging $5,000 to $10,000 by first embodying the mindset of a higher-priced coach well in advance. This proactive approach not only altered her own self-perception but also set the stage for potential clients to recognize her enhanced value.
Navigating Obstacles and Resilience
The podcast discusses how setbacks, such as financial struggles or personal crises, can cause coaches to revert to limiting self-concepts or abandon their business aspirations. The speaker highlights the importance of maintaining a robust self-concept regardless of external circumstances. She challenges coaches to think about how they would behave if they were running a multi-million dollar company, emphasizing that they should not let temporary setbacks dictate their actions. By cultivating resilience and a strong self-identity as a business owner, coaches can navigate challenges more effectively and keep their momentum toward growth.
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Overcoming Self-Concept Barriers to Achieve Revenue Growth
Whether you’re just starting out or nearing the $100K mark in your business, you are likely going to experience blocks that seem like sales or marketing issues, when in reality, they are actually self-concept issues. Your self-concept can sabotage your success more than you realize, and that’s why this week, I reveal the sneaky ways these blocks manifest and how they can significantly slow down your growth.
Learn what your self-concept means, why addressing it matters, and how doing this inner work helps you grow faster. Hear how to identify and overcome your self-concept blocks so you can confidently raise your prices, fill your coaching practice, and make the quantum leaps in the business that you dream of.
If you want to start making serious money as a coach, you need to check out 2K for 2K. Click here to join: https://staceyboehman.com/2kfor2k!
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