A good business plan provides focus and clarity to you and other stakeholders, and gives a fair idea of what to expect in the near future, helping you stay on track
Keeps You Close to Reality
In the excitement of starting a new business, many coaches often lose track of ground realities, overestimating future success and underestimating challenges
Choose a Coaching Niche
Based on your aptitude, knowledge and experience, choose a niche that will give you the best chance for success as a coach
Do Your Research
Research the market and emerging opportunities, especially industries that have a high demand for coaching, then target an audience that can afford your services
Financial Reality
Be honest to yourself about your financial reality, which includes start-up costs, assets and liabilities, potential emergency expenses, seed capital and so much more
Be Flexible
Make your business plan flexible so if you come across obstacles, you can tweak your plan accordingly and refine it as you grow
This blog goes one step further to explain in detail how to go about creating your very own coaching program,Check it out!