Coaching Call: What would be the fastest way to become financially free without my freelance job in the corporate world?
Jun 20, 2024
auto_awesome
A coaching call with Steven, co-owner of a software platform for coaches, discusses strategies to become financially free without his freelance job. Topics include niche specialization, offer suite strategy, and creative income options. The episode explores transitioning to full-time entrepreneurship, high-end coaching services, and balancing freelancing with building a software company.
Specializing in one niche can boost visibility and recognition.
Exploring diverse income sources can help replace traditional income streams.
Deep dives
Challenges of Freelancing and Transitioning to Own Business
Transitioning from freelancing to owning a business poses challenges, including income instability and time management. Balancing freelancing with entrepreneurship and a software company can lead to burnout and slow business growth. Taking risks and prioritizing consistent action over comfort zones are crucial steps to overcoming these hurdles.
Imperfect Action in Building a Business
Adopting the concept of imperfect action involves prioritizing consistent actions over perfection. It led to the speaker's business success and emphasizes the importance of mindset, actionable marketing tips, and strategies for business growth. Daily prompts and intentional business growth strategies contribute to building a profitable and fulfilling business.
The Role of OBM in Business Management
Being an Online Business Manager (OBM) can provide stability and growth opportunities. Highlighting the importance of managing tech aspects and scheduling for busy entrepreneurs, becoming a go-to OBM can lead to a steady income stream with minimal commitments. Building confidence and focusing on client acquisition are key steps toward success.
Strategies for Business Growth and Client Acquisition
Strategies for acquiring clients involve narrowing down services to focus on offering online business management (OBM) solutions, leveraging existing networks for referrals, and addressing confidence issues. Setting small, achievable goals like acquiring two OBM clients to replace freelance income can drive business growth effectively.
Today I am coaching Steven, who is the co-owner of a software platform for coaches. The challenge he faces today is how to replace his freelance corporate job with two complementary online revenue streams when he isn't sure what to do first. In this episode, we talk about how he can spend more time building his business, while making sure his financial needs are met.
- How trying to help many different people with many different problems can make it harder to become known for anything in your specific niche. - Why being strategic about your offer suite will help you to support clients through the next steps. - How thinking outside of the box can provide options for different types of income to help replace your "normal" income.