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If you want to start a coaching business, you are on the right track. People actively search for coaches online every day. iPEC reported that there are 1.5 million searches each month from individuals and companies looking for executive, business and life coaches.
Therefore, more and more people are feeling the urge to start a coaching business. There are many reasons to start one – and while it may seem overwhelming at first, starting a business is an exciting prospect. It can also be an enjoyable and enjoyable experience if you start off on the right foot. In this post I will share some important reasons why it is worth starting an online coaching business. Let’s get straight to it:
See also: 4 steps to building a successful coaching business
1. You are your own boss
This is one of the top reasons to start a coaching business. The level of planning, execution and analysis is entirely up to you. While being your own boss is a huge responsibility, it’s also a fantastic reason to be motivated for your business.
forbes shared a report that showed: When people were asked: “I would take a risk and build my own business instead of working for someone else‘, the results were amazing: 69% of men and 58% of women in the US agreed with this statement. These significant percentages show that people believe in being their own bosses. It gives you flexibility, but it also gives you an incredible amount of strength.
2. You are in control of all business elements
Not only are you your own boss, you also have the power to control every element of your business. Items include (but are not limited to):
Each coach has their own style and expertise, so a coach’s strategy may not necessarily be effective for you. When you’re in control, you can set your own rules, style, and routines. Remember, there’s no shame in asking for help. Online coaching forums are a great tool to learn marketing tactics, teaching styles, and more from other coaches.
Related: How to Start an Online Coaching Business
3. You are in control of your schedule
Elements like time management are important because they determine when you work. It also determines when you have time to do other aspects of your life like errands, exercise, sleep, and leisure activities.
Since the start of the Covid-19 pandemic, people have realized that flexible schedules are an essential part of life. This is also relevant for entrepreneurs. You will find that as a coach you have some clients who want to meet after 5pm or before 9am for other commitments like work, taking the kids to school, etc. Owning your coaching business allows you to be flexible for yourself and your clients. Finding balance will become second nature to you over time.
4. You have job security
The number of coaching professionals is increasing rapidly. After all, it’s an industry where demand is high because people believe in the results that coaching delivers. The Coach Foundation reported that the number of professional coaches is increasing rapidly.
Yes, that means the competition will be high. But if you have a well-defined coaching niche and know who your target audience is, you can rest assured that you have a successful business that will provide you with job security every month and year.
Coaching can also pay off well if you use different revenue methods like monthly subscriptions or one-off payments for on-demand content.
See also: How lucrative is coaching as a business
5. You will be privy to various events and engagements
Many life and business coaches fulfill their passions and interests by doing more than just online coaching. These activities include attending events where you can speak, but also attending coaching training courses to learn more about coaching styles and tactics.
This is a great way to get your name out there and meet people in the industry. It’s also a smart way to learn from others with years of experience in the same field.
Activities that trainers begin to engage in once established include the following:
Hosting a radio show or podcast
Speaking at workshops
As a guest speaker on news channels
Contributions to trainer forums or blogs
Travel to conferences, congresses or training programs
Speak as a guest speaker with other trainers on social channels
Becoming a coach and starting your own business is something many people find daunting. But frankly, it has immense value and encourages genuine passion, relationship building – and of course, revenue. Owning a coaching business also gives you professional and personal flexibility. In addition, it can boost your self-confidence because it shows you that you can use your knowledge and experience to create solutions for others.