Business Coaching for Coaches
Coaching businesses are, like most other professional services, a business too. Let’s help you navigate through the various hurdles coaches face and ensure sure that your business grows and thrives.
About the SERVICE
The failure rate for most coaching businesses are quite high. It is estimated that less than 15% will generate enough income to maintain a sustainable business and only 5% will generate the equivalent of $100k. Most coaches (life, health, and fitness, relationships, performance etc.) will have undergone a form of training, often accredited, and invested a lot to pursue a career they are passionate about.
Some of the reasons why coaching businesses fail:
■ Over saturation in the marketplace
■ Lack of a clear understanding of the market
■ Lack of clarity in vision, mission and area of specialism (niche)
■ Limited Capital
■ Lack of Business acumen
■ Lack of Planning
■ Lack of belief, confidence and persistence
What can IBC Coaches bring to your coaching business venture and what value can be added to help you achieve your goals?
■ As business coaches we support you the business owner, as you navigate through the steps and challenges on your journey to be established. It is not a one meeting relationship, which is why our fees are not hourly base.
■ It is about working with you, the coach-trepreneur, to take your ideas and business from where it is now to where you want it to be.
■ We see ourselves as your partner in this journey, not just as a sounding board but also making available access to the network of expertise we have.
■ We help you to identify and set your desired goals, agree the most effective strategy on how to realise it.
■ Our role is to give you a different/outsider’s perspective, getting you to see the whole forest and not just the trees in front of you.
■ Idea Validation
■ Vision, Mission Statement, Goals
─ Business Plans
─ Market Strategy
─ Financial Forecast and Cash Flow
─ Sales Plan
■ Customer Acquisition
■ Business Structure
■ SWOT Analysis