Why Starting My Own life Coaching Business is a Great Idea

Starting my own life coaching business is a dream. But, it should be one of those dreams that are turned into reality.

What about you? Are you thinking of starting your own life coaching business? Are you thinking of getting into the exciting coaching field?

Life Coaching Business

What is Life Coaching?

Life coaching is inspiring, positive, motivational, dynamic, and rewarding. It is also people-centric and action-driven. Life coaching is centered on a synergistic relationship between a coach and a client, which works to help the client reach their full potential and find happiness and fulfillment in life.

Life coaching works because coaches are in a position, and have the skills to view a situation from afar. They can act as a sounding board and shed light on difficult situations. They are there to use their knowledge, skills, and training to help.

Doesn’t this sound like a great business? That’s why I’m thinking of starting my own life coaching business, and perhaps you should be thinking of doing the same.

5 Steps to Starting My Own Life Coaching Business

Starting any business is a process, and life coaching is no exception. Here are the major steps that I would take when starting my own life coaching business.

  1. Analyze myself. Do I have what it takes to be a coach? Am I compassionate, empathetic, and sympathetic? Do I listen well? Am I able to ask questions and actually hear the answers? Do I have a strong work ethic? I would look deep inside myself to see if I have what it takes to be a life coach.
  2. Get trained. I would find an accredited coach training program that fits my budget and schedule. I would make sure it has a solid reputation and offers mentor coaching. I would vow to always continue my education as coaching is a dynamic and ever-evolving field.
  3. Take some time to learn how to operate a business. Unless I work for someone else, having a coaching practice is a business. I can be a great coach, but if I don’t know how to set up a business, pay taxes, market for clients, and provide excellent customer service, I probably won’t be a coach for long.
  4. Hire a few life coaches. This is one of those steps that people don’t think about. Yes, it will cost me some money, but the cash I hand over is worth its weight in gold as I get the chance to learn first hand from experienced coaches. I wouldn’t even think about starting my own life coaching business without first seeing how they work up close and personal.
  5. Take the plunge. Taking the plunge begins with your first act of marketing and continues until you get your first client. Every journey starts with the first step. I would take that step – set up social media sites, place an ad – do whatever it takes to get my first client. When I finally have that first client – I would fire up and go for it. Pretend there’s two minutes left on the clock and I have ninety yards to go to score the winning touchdown. I have to give it all I have! Would you be willing to do that?

By the way… you’re invited to claim your FREE step-by-step 30-Days to Become a Coach video toolkit. Just go HERE now to get your 30-day coaching blueprint videos.

Fred Philips
Business Coach
Writing Team, Coaches Training Blog Community

FREE Video Course: How to Build a High Paying Coaching Business

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Comments

  1. says

    Thank you for this useful article. The 5th step is very motivational. I already seriously thought to study more about coaching, but even if I would not do it till now, for sure reading the 5th step, I would decide starting.
    I also like the first step. It made me think a lot.

  2. Angelica says

    Considering the present scenario, life coaching would be a good idea for a business. One must possess certain skills and attitudes for this, however.

  3. Jocelyn says

    In my part of the world, life coaching is not as established as it is in North America and Europe. It is an eye-opener for me.

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