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.