Starting a Coaching or Online Business? 5 Harsh Truths You Can't Ignore
Apr 5, 2024
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Join business mentor and coach Justin Welsh and the WAIM Unlimited Coaching organization as they discuss the harsh truths of starting an ADHD coaching business. They cover setting expectations, the importance of systems, aligning your business with your unique strengths, setting boundaries, and making the business journey enjoyable. A must-listen for aspiring coaches and entrepreneurs!
Focus on sales, marketing, and systems, not just coaching, when starting a coaching business.
Prioritize building systems and a clear customer avatar over revenue goals for long-term success.
Deep dives
Setting the Right Expectations for Starting a Business
When starting a coaching business, aspiring entrepreneurs often overlook the fact that a coaching practice is also a business. The initial focus should be on sales, marketing, finance, and system-building rather than solely on coaching. Many new coaches struggle with marketing and sales, essential for attracting clients. It's crucial to understand that coaching businesses require effective self-promotion to establish trust and credibility.
Focus on Building Foundations and Systems
During the initial phase of starting a coaching business, prioritizing systems over setting revenue goals is key. Building a clear customer avatar, understanding their pain points, and developing a compelling offer are foundational elements. Implementing a sales and marketing system, like a sales funnel, is essential for lead generation and client conversion. It's important to refine these systems continuously to enhance the client experience and business growth.
Aligning Your Business with Your Strengths and Values
Building a business aligned with your personality, strengths, and values is crucial for long-term fulfillment. Resist the temptation to replicate others' businesses and instead introspect to create a business model that suits you. Establish clear boundaries early on to maintain professionalism and protect your time and energy. Investing in tools that automate processes can enhance efficiency before considering team expansion.
My Business Mentors 👇👇Justin Welsh - https://hi.switchy.io/LsCOWAIM Unlimited Coaching - https://hi.switchy.io/LuFaStarting an ADHD coaching business is both rewarding and overwhelming. In this podcast, I bring the real talk, no-fluff advice on starting your ADHD coaching business so that you will succeed and love what you do! We'll dive into the importance of setting the right expectations, why systems are the secret ingredient to your success, and how to build a business that's in alignment with YOU (yes, even with your unique ADHD brain). Plus, I'll share my secret on setting boundaries that stick and how to make your business journey a fun ride. Grab your favorite drink, sit back, and enjoy the ride!