When you get serious about starting a life coaching practice, you’ll go through five phases: an educational phase, a certification phase, a start-up phase, a transitional phase, and then finally enter into a full-time phase.
Starting a Life Coaching Practice: The Five Phases:
Phase 1: Educational Phase
Starting always begins with education. You’ll get educated on the ins and outs of the industry. you’re learning ‘about’ coaching, and about yourself. During this phase, you might read about coaching (on this blog!), go to classes, maybe even get some basic coach training.
Phase 2: Certification Phase:
This is the phase where you get certified and usually get some type of basic coach training. During this phase you’ll most likely take your certification training.
Phase 3: Start-up Phase:
This is the phase where you’ll actually work on starting a life coaching practice, create your services, and begin coaching clients, usually while keeping your current job. During this phase you’ll most likely hire a coach to guide you through the start-up of your business, or go through a training course that supports you in doing the same.
Phase 4: Transitional Phase:
By this phase, you’ll realize that you can really do this business full time and make a good living doing it (you may not even think this is possible when you start a life coaching practice), so you’ll work in this phase to make that transition as smooth as possible, eventually leaving your current job and spending more and more time coaching. This is a great time to make sure you have a fantastic coach’s mentor coach to help you deal with this tricky period.
Phase 5: Full-time Phase:
In this phase you are now coaching full time and making a satisfying income doing it… managing this practice as your sole occupation. Many times, you’ll continue to invest in yourself by getting more advanced trainings for better coaching skills, client attraction strategies, etc., while possibly continuing to work with a great mentor in order to grow your business as fast and strong as possible.
Types of Support Services Needed When Starting a Life Coaching Practice
Most of the books, home study courses, and educational guidance that you look for will run under $1,000.
Most coaching certifications will range from about $1,000 – $3,000 or so.
Most coach’s mentor coaches will run between $250 – $1,000 per month. These vary widely because of the variety of individual coaches there are available on the market.
Coaching business training courses that truly teach you how to run a six-figure coaching business will run between $5,000 – $10,000 and many of these courses will run for one year or more. They should be very in-depth and give you every aspect of coaching, selling your services, administrating your business, as well as marketing and client attraction.
Starting a life coaching practice should be a fun, challenging, growth experience. If you have the right mentors and support, your life will be fulfilling, and your practice will thrive as well. Without the proper mentors, coaching can become a real sore spot for you. Leave me a comment below sharing how mentors have helped you in your coaching career.
By the way… you’re invited to claim your FREE step-by-step “Master Coach Blueprint” video toolkit. Just go HERE now to get your master coach blueprint videos.
Jeffrey T. Sooey
CEO, JTS Advisors
Founder, Coaches Training Blog community
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