The importance of tracking true "utilization" in a coaching practice.
Sep 27, 2024
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Discover the significance of measuring true utilization in coaching practices. The discussion highlights the challenges coaches face in aligning daily tasks with long-term objectives. Key metrics are explored, emphasizing how they can enhance both performance and well-being. Plus, there's an exciting announcement about upcoming Office Hours for personalized coaching support, allowing coaches to connect and thrive.
Tracking essential metrics like revenue earned and sessions delivered is crucial for maintaining a healthy coaching practice.
Setting long-term goals enhances decision-making by connecting daily tasks to future objectives, fostering growth and sustainability in coaching.
Deep dives
The Journey of Side Hustles and Personal Fulfillment
The speaker reflects on his unconventional journey of creating multiple side hustles that contribute to his lifestyle, finding happiness in autonomy and creative freedom. However, he also considers the potential benefits that come from more traditional career paths, suggesting a tension between his current situation and the perceived stability of his peers. This introspection leads to the acknowledgment that every career path has its advantages and drawbacks, prompting him to explore ways to refine his approach without losing his identity. Ultimately, he seeks a balance between immediate satisfaction from side projects and the long-term rewards that often accompany established careers.
The Importance of Future Planning
The speaker emphasizes the necessity of setting long-term goals, as he typically focuses only on daily tasks without considering their impact on his future. He recognizes that having a clearer vision for his future could enhance his decision-making process and help him measure the effectiveness of his current activities. To address this, he contemplates implementing a system that connects present actions to his long-term objectives, thus enabling him to better manage his coaching practice. By acknowledging this gap in his planning, he positions himself for potential growth and sustainability in his endeavors.
Tracking Key Metrics for Coaching Success
The speaker delves into tracking essential metrics to gain insights into his coaching practice, such as revenue collected, sessions delivered, and overall utilization of his time. He points out the difference between revenue billed and revenue actually earned, highlighting the importance of measuring delivered sessions for genuine financial assessment. By setting up a dashboard for these metrics, he aims to identify trends that can inform his business decisions and overall value proposition. This data-driven approach ultimately supports his goal of maintaining a healthy coaching practice that aligns with his personal and financial aspirations.
1.
Exploring the Metrics of Coaching Practice Utilization
Along with a few other ideas about what numbers a one-on-one coach might want to track in order to keep the practice healthy.
Announcement: On May 1 I'm holding my first "Office Hours with Mark". Office Hours creates space and time for my fellow coaches to connect with me and get support. Go to https://mrkbtlr.com/office-hours to opt in for details.
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