3 Telltale Signs That Your Life Coaching Business Is A Hobby

No one wants to think of their life coaching business as a hobby.  The truth is that until you start treating your coaching as a business, you won’t get the results you are looking for.  So how do you tell if you are a life coach who has a hobby?  These are the telltale signs no one really wants to look at.

Your Life Coaching Business Is a Hobby If:

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1.  You spend more money than you make or you have more “non-paying” clients than “paying” clients.

2.  Your life coaching business is a hobby if you think about your business more than you work on it.  They say, “Talk is cheap.”  If you talk about your business, it should be in the form of getting more clients or coaching existing clients.

3.  If you “collect” educational materials that you haven’t had time to implement or if you’ve been to more than 3 seminars in the past 12 months without any objective growth in your business.  

How to Transform Your Hobby Into A Business

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1.  Get mentoring.  Ideally your mentoring should come from a coach who can see your blind spots.  Find someone who is where you want to be.  Your peers can support you, but can’t lead you.

2.  Create a business plan and follow it.

3.  Take massive action.  You should be spending a minimum of 10 hours a week working on creating new business or products in order to start getting momentum in moving your business forward.

4.  Look at your results, and revise your plan accordingly.  Learn by taking action and making decisions.  Michael Jordan didn’t make the high school basketball team, but he didn’t let that stop him from achieving his dream.  He saw the results he got, revised his plan, and continued to take action.

If you want another hobby, coaching is great.  If you want to have a life coaching business that will support you and your family; it is possible.  The choice is yours.

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!

Colette Seymann
JTS Advisors Bi-Designated Strategy and Accountability Coach