Coach Business 171: Business Essentials
6 snips
Nov 20, 2024 Entrepreneurs often juggle two critical tasks: handling admin duties and hunting for new leads. Understanding your resources—time, energy, and money—is key to deciding where to focus your efforts. It’s crucial to assess what's working and not to measure your progress against bigger businesses. Building a solid foundation is essential for long-term success, and there’s no shortcut to mastering the fundamentals. Plus, a supportive membership community is highlighted to help coaches achieve steady revenue growth.
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Two Business Tracks
- As entrepreneurs, we're always running multiple tracks at once, especially before hitting $200k in revenue.
- These tracks are admin/nurturing current clients and gaining visibility/new leads.
Admin vs. Revenue Generation
- Admin tasks like emailing, podcasting, website maintenance, invoicing, etc., are essential business functions.
- These nurture existing audiences but don't directly generate new revenue.
Marketing and Sales
- Focus on marketing and sales to generate new leads and grow your business.
- Actively seek new relationships and opportunities to get your message out.