Discover how to pivot your career into a profitable coaching business. Learn from success stories of real people who transitioned into coaching. Explore challenges of starting a coaching business and overcoming ageism and psychological barriers. Follow Nicole's journey from gardening to a million-dollar coaching business. Learn the eight steps to start your own coaching business and get bonus resources by pre-ordering Coach Builder book.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Insecurities about making money in a coaching business can be overcome with the right mindset and approach.
Transitioning from an existing career to coaching is possible and can lead to great success by leveraging expertise and finding a unique niche.
Deep dives
Insecurities of Starting a Coaching Business
One of the main insecurities people have when starting a coaching business revolves around doubts about making money and selling their coaching services. However, these insecurities are often unfounded and can be easily overcome with the right mindset and approach. Confidence in one's expertise and the ability to turn it into a profitable coaching career can be gained in just a few hours, opening up the possibility to impact lives while also making a great living.
Pivoting Careers into Coaching
Another common insecurity people face when considering a coaching career is how to pivot from their existing careers. This is particularly true for individuals who have been working in a field for a long time and have established expertise. However, many success stories exist, demonstrating that transitioning into coaching is possible and can lead to great success. By identifying their core strengths and considering how to sell their knowledge and skills on the open market, individuals can create a coaching business that thrives.
Success Stories of Transitioning into Coaching
Several examples of individuals transitioning from their previous careers to coaching highlight the potential for success. One example is Chad Cannon, who pivoted from his marketing and sales role to become a sought-after coach. Another example is Daniel Tardy, who left his corporate job to coach executives and created a successful coaching group. Nicole Burke, a gardening enthusiast, transformed her love for gardening into a coaching business and now earns over a million dollars annually. These stories emphasize that age or lack of formal training should not be barriers to starting a coaching business, and success can be achieved by leveraging one's expertise and finding a unique niche within the coaching industry.
How can you make money from your expertise and become known as a coach? It's a big question for many who have significant experience in their field and want to switch to coaching or consulting. Potential coaches grapple with the fear of leaving behind a secure job for the “unpredictable” world of coaching, questioning whether their knowledge is marketable and if they can truly make a living out of their passion. They often struggle to get started because they’re stuck wondering: how do I pivot my career and reinvent myself as a coach?
In the first episode of Coach Builder, a limited series by Business Made Simple, host Donald Miller shares success stories of real people who were doing well in their career, decided to transition into coaching, and absolutely crushed it. And this path is possible for almost anyone. Don offers real-world insight to help future coaches see the incredible potential to use what they know to make a great living and create a life they love. Listen in and learn how you, too, can turn your expertise into a profitable coaching business!