Business Coaching as a Full-Time Career

So, you're diving into the world of Business Coaching? Awesome choice! It's a journey that's both thrilling and fulfilling, but it definitely takes some serious planning and dedication on your part. There’s a lot that doesn’t get talked about in the Coaching world, so we’re letting you in on some of the best kept secrets. Here's a guide to get you started developing your high paying Business Coaching career:

‍

Getting in the Zone:

First things first, being a Business Coach isn't just a side gig – it's a full-on, “I’m all-in”, commitment. You've gotta shift gears mentally and embrace the entrepreneurial mindset and be a leader that’s ready and willing to be that “Trusted Advisor” for  your clients. Business Leaders are expecting you to bring something BIG to the table and that’s exactly what you’ll do!

‍

Leave Your Job:

Making the leap into full-time business coaching means leaving your current job. This is a major step, but it's essential for dedicating your time and energy to building your coaching business (not practice). Assess your financial situation and get ready to take on this life altering experience. There’s much to do, so be prepared, have fun in your new career, and enjoy the ride of a lifetime.

‍

Money Matters:

Before transitioning, create a comprehensive budget that considers both personal and business expenses. Factor in costs such as marketing, Business Coach Training, technology tools, systems, and office space if needed. Having a clear understanding of your financial needs will help you make informed decisions and manage your finances effectively, not just when you're getting started, but in the future as well. 

‍

Thinking Like a Boss:

As a Business Coach, you're not just guiding others – you're living that entrepreneurial dream yourself. Get those creative juices flowing, keep an eye out for opportunities, and be ready to take some calculated risks. Building your Coaching Business requires innovative thinking and a willingness to adapt to changing market dynamics.

‍

Plan it Out:

You know how you’ll teach your clients to have a solid business plan? By practicing what you preach! Map out your niche, target audience, what makes you stand out amongst  others in the field, how you will market yourself, and where you see the business world going in the future. A solid business plan is like your roadmap to success – carefully plan it out and keep it handy!

‍

Financial Preparedness:

‍An important part of your business plan is to have at least one full year's worth of income set aside so you can pay yourself. This financial cushion provides you with a buffer during the initial stages of building your coaching business when your income may be inconsistent. This will alleviate financial pressure and allow you to concentrate on growing your business without worrying about your financial needs.

‍

Making the move to full-time Business Coaching is a big decision and may feel a bit risky. But with some solid planning, determination, and lots of self-investment, it is likely to be the best decision you could make for your career and personal life. If you're hungry for more tips and resources, swing by our website at www.becomeabusinesscoach.com for even more Tools to get you on a path to success. Check out the FREE RESOURCES and let's make this coaching dream YOUR NEW reality!

‍