Let’s use this number as a starting point – 400+ models for business creation. Do you think that there are 400+ models for businesses…or more? How about 1000+ models…or 10,000+? You’ve heard of infinity, right?
Your Coaching Business
Most coaching businesses start out with the same basic design. There couldn’t possibly be 400+ models for business in the coaching industry, could there?
Though coaching businesses often share some of the same qualities, they are as unique as the people who own them. You have life coaches, career coaches, executive coaches, wellness coaches, sports coaches, and more. You have hundreds, if not thousands of niches and sub-segments within each coaching segment. Think we have reached 400 yet?
400+ Models for Business and More in the Coaching Field
Setting up your coaching business starts with the decision on what type of coach you want to be. Here’s a few to consider:
- Life coaching
- Career coaching
- Executive coaching
- Business coaching
- Health and wellness coaching
- Leadership coaching
Now, you must consider what niche you want to enter. Why select a niche? Though it is certainly possible to be a successful coach without a choosing a niche, most coaches gain an advantage when they focus their marketing efforts and expertise on a particular set of clients.
Think Niche to Get Rich!
It is usually better to be a big fish in a small pond than a small fish in a huge body of water! Think niche to get rich! Here’s a few niche examples to pique your curiosity.
- Procrastination coaching
- Executive coaching for women
- Career coaching for single moms
- Life skills coaching
- Diabetes coaching
- Christian life coaching
- Anti-aging coaching
- Coach coaching – you better be experienced for this one!
- Youth life skills coaching
- Men’s empowerment coaching
- Retirement coaching
- Spiritual coaching
As you can imagine, there are thousands of niches for coaches to consider. By looking at these possibilities, 400+ models for business in the coaching world is just the start.
Types of Coaching Businesses
You can also create different types of coaching businesses – from sole proprietorship to partnership to corporation. Setting up the legal structure of your business will also add to the 400+ models for business for your coaching practice.
There’s more! You want to have a traditional office or set up online? Perhaps you want to combine a brick and mortar business with an online business. This will allow you to leverage your skills and reach the most potential clients.
Know Yourself Before You Begin Coaching
“Know thyself” was inscribed in the forecourt of the Temple of Apollo at Delphi in ancient Greece. Every new coach must first “know thyself.” Know your passions, your talents, your area of expertise, and your style. Know who you want to help and for whom you can offer potential outcomes for their issues.
Knowing yourself will narrow down the list of potential business models. By taking the time for self-analysis, you can narrow down that list of 400+ models of business (or 1000+ models for business) to a manageable amount from which you can select the right model that will help you succeed in the competitive world of coaching.
Hope you took some great value out of this post today! I’d love to hear your feedback, so make sure you leave a comment with your thoughts or questions. And also, you can click on the Twitter button below to retweet this article… Thank you!
Writing Team, Coaches Training Blog Community