{"id":17544,"date":"2016-04-20T06:20:29","date_gmt":"2016-04-20T14:20:29","guid":{"rendered":"http:\/\/coachestrainingblog.com\/becomeacoach\/?p=17544"},"modified":"2020-07-02T11:28:09","modified_gmt":"2020-07-02T19:28:09","slug":"a-sample-business-plan-for-a-life-coaching-business","status":"publish","type":"post","link":"https:\/\/coachestrainingblog.com\/becomeacoach\/a-sample-business-plan-for-a-life-coaching-business\/","title":{"rendered":"A Sample Business Plan For a Life Coaching Business"},"content":{"rendered":"<p>You already know you need a business plan \u2013 so here you&#8217;ll find a few tips on business plan writing and a <a href=\"https:\/\/drive.google.com\/file\/d\/18ze52MkBaYiz-MSY4A1D9KzRPE_2-tq7\/view?usp=sharing\">sample business plan for a life coaching business<\/a>.<\/p>\n<figure id=\"attachment_17547\" aria-describedby=\"caption-attachment-17547\" style=\"width: 1920px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17547\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/student-849825_1920.jpg\" alt=\"Life Coaching Business\" width=\"1920\" height=\"1280\" srcset=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/student-849825_1920.jpg 1920w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/student-849825_1920-300x200.jpg 300w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/student-849825_1920-768x512.jpg 768w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/student-849825_1920-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><figcaption id=\"caption-attachment-17547\" class=\"wp-caption-text\">Life Coaching Business<\/figcaption><\/figure>\n<h3>A Few Quick Tips on Writing a Business Plan for a Life Coaching Business<\/h3>\n<ul>\n<li>Give yourself time to write it. You may even need to write it over the course of a few days. Don&#8217;t rush!<\/li>\n<li>Make it comprehensive yet concise. That means it needs to contain all pertinent information, but you have to cut out the crap. Stick to the main details!<\/li>\n<li>Don&#8217;t create it at work or in front of the television. Sure, you can jot down some idea or notes at work, but get away from all the distractions when you write your business plan.<\/li>\n<li>Look at a sample business plan, or a few samples. Get an idea of what a good business plan for a coach looks like. It&#8217;s not cheating to take ideas from a quality <span style=\"text-decoration: underline;\"><strong>sample business plan for a life coaching business<\/strong><\/span>.<\/li>\n<\/ul>\n<h3>A Sample Business Plan for a Life Coaching Business<\/h3>\n<p>Over the years JTS Advisors and Master Coach University has regularly planned out the year ahead in a <a href=\"https:\/\/www.youtube.com\/playlist?list=PLmoVgA3lQlA3RRb7rqeq5_qfL3vDtsuII\"><strong>three step process<\/strong><\/a>, ultimately rendering <a href=\"https:\/\/drive.google.com\/file\/d\/18ze52MkBaYiz-MSY4A1D9KzRPE_2-tq7\/view?usp=sharing\"><strong>annual business plans for our coaching businesses<\/strong><\/a>.\u00a0 I&#8217;ve added some of our past business plans below for reference (you&#8217;ll notice how they evolve over the 10+ years that these business plans span):<\/p>\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1jp75zDelR_YIeRn_tTmMF4HZO23gHOCS\/view?usp=sharing\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-24806\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003.jpg\" alt=\"coaching business plan\" width=\"115\" height=\"145\" srcset=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003.jpg 795w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-238x300.jpg 238w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-768x969.jpg 768w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-640x807.jpg 640w\" sizes=\"auto, (max-width: 115px) 100vw, 115px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1A_946LBOoG1iAmwFVc45Gk8Ah4QzI0Ti\/view?usp=sharing\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24807 alignleft\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-1-238x300.jpg\" alt=\"coaching business plan\" width=\"120\" height=\"151\" srcset=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-1-238x300.jpg 238w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-1-768x969.jpg 768w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-1-640x807.jpg 640w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-1.jpg 795w\" sizes=\"auto, (max-width: 120px) 100vw, 120px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1Cmcze4_EzFD6OJr8BW6ErIk6DqkUPwg9\/view?usp=sharing\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24808 alignleft\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-238x300.jpg\" alt=\"coaching business plan\" width=\"128\" height=\"161\" srcset=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-238x300.jpg 238w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-768x969.jpg 768w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-640x807.jpg 640w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2.jpg 795w\" sizes=\"auto, (max-width: 128px) 100vw, 128px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1dJNVaYotJAN9fTV-zcDUMFB5CMVKVo3k\/view?usp=sharing\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24809 alignleft\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-1-238x300.jpg\" alt=\"coaching business plan\" width=\"138\" height=\"174\" srcset=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-1-238x300.jpg 238w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-1-768x969.jpg 768w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-1-640x807.jpg 640w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-1.jpg 795w\" sizes=\"auto, (max-width: 138px) 100vw, 138px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ffffff;\">&#8230;\u00a0 \u00a0.<\/span><a href=\"https:\/\/drive.google.com\/file\/d\/1jp75zDelR_YIeRn_tTmMF4HZO23gHOCS\/view?usp=sharing\"><strong>2005<\/strong><\/a>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <a href=\"https:\/\/drive.google.com\/file\/d\/1A_946LBOoG1iAmwFVc45Gk8Ah4QzI0Ti\/view?usp=sharing\"><strong>2006<\/strong><\/a>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <a href=\"https:\/\/drive.google.com\/file\/d\/1Cmcze4_EzFD6OJr8BW6ErIk6DqkUPwg9\/view?usp=sharing\"><strong>2007<\/strong><\/a>\u00a0 \u00a0 \u00a0<span style=\"color: #ffffff;\">&#8230;&#8230;. &#8230;<\/span>\u00a0 \u00a0<a href=\"https:\/\/drive.google.com\/file\/d\/1dJNVaYotJAN9fTV-zcDUMFB5CMVKVo3k\/view?usp=sharing\"><strong>2008<\/strong><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-24817\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-238x300.jpg\" alt=\"coaching business plan\" width=\"103\" height=\"129\" srcset=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-238x300.jpg 238w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-768x969.jpg 768w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-640x807.jpg 640w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3.jpg 795w\" sizes=\"auto, (max-width: 103px) 100vw, 103px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24818 alignleft\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-1-238x300.jpg\" alt=\"\" width=\"123\" height=\"155\" srcset=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-1-238x300.jpg 238w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-1-768x969.jpg 768w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-1-640x807.jpg 640w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-3-1.jpg 795w\" sizes=\"auto, (max-width: 123px) 100vw, 123px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24819 alignleft\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-1-2-238x300.jpg\" alt=\"\" width=\"134\" height=\"171\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24820 alignleft\" src=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-2-238x300.jpg\" alt=\"\" width=\"148\" height=\"187\" srcset=\"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-2-238x300.jpg 238w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-2-768x969.jpg 768w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-2-640x807.jpg 640w, https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/thinpaperback_795x1003-2-2.jpg 795w\" sizes=\"auto, (max-width: 148px) 100vw, 148px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ffffff;\">&#8230;..<\/span><a href=\"https:\/\/drive.google.com\/file\/d\/1jp75zDelR_YIeRn_tTmMF4HZO23gHOCS\/view?usp=sharing\"><strong>2010<\/strong><\/a>\u00a0 \u00a0 \u00a0 \u00a0<span style=\"color: #ffffff;\">..<\/span>\u00a0 \u00a0 \u00a0 <a href=\"https:\/\/drive.google.com\/file\/d\/1A_946LBOoG1iAmwFVc45Gk8Ah4QzI0Ti\/view?usp=sharing\"><strong>2012<\/strong><\/a>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <a href=\"https:\/\/drive.google.com\/file\/d\/1Cmcze4_EzFD6OJr8BW6ErIk6DqkUPwg9\/view?usp=sharing\"><strong>2013<\/strong><\/a>\u00a0 \u00a0 \u00a0 <span style=\"color: #ffffff;\">&#8230;&#8230;&#8230; &#8230;<\/span>\u00a0 \u00a0<a href=\"https:\/\/drive.google.com\/file\/d\/1dJNVaYotJAN9fTV-zcDUMFB5CMVKVo3k\/view?usp=sharing\"><strong>2015<\/strong><\/a><\/p>\n<p>The words won&#8217;t be filled in exactly the way you&#8217;ll need to, and the details will require some updating, but these <a href=\"https:\/\/drive.google.com\/file\/d\/18ze52MkBaYiz-MSY4A1D9KzRPE_2-tq7\/view?usp=sharing\"><span style=\"text-decoration: underline;\"><strong>sample business plans for a life coaching business<\/strong><\/span><\/a> will give you the basic structure and what items to include.<\/p>\n<h3>Vision and Values<\/h3>\n<p>This section is an introduction to who you are as a coach and the aspirations, values, and core competencies of your coaching practice. You can use this section as a guide when making difficult business decisions.<\/p>\n<h3>Administrative<\/h3>\n<p>Sample business plans for life coaching businesses often leave this one out. But, you have to write down some of the founding details of your business. Type of business, expected fees, future expected fees, licenses and certifications you need or desire, and anything else that pertains to the set up, operation, location, and function of the business portion of your coaching practice.<\/p>\n<h3>Desired Goals and Outcomes<\/h3>\n<p>This is what you try to identify with your clients, and you should also be doing it for your own practice. What are your work goals, financial goals, niche goals, future business personal goals, and the goals for your clients?<\/p>\n<h3><b>Marketing and Promotion<\/b><\/h3>\n<p>Marketing is often a dreaded yet necessary activity. Without marketing, your great coaching skills may remain unknown! This section should include your target market, how you are going to get that market to notice you and pay for your services. What methods will you use? Will you employ someone to help you or do you plan to do it yourself?<\/p>\n<h3>SWOT \u2013 What is SWOT?<\/h3>\n<p>No <span style=\"text-decoration: underline;\"><strong>sample business plan for a life coaching business<\/strong><\/span> would be complete without SWOT.<\/p>\n<p>S \u2013 Strengths. Experience, training, expertise, training, contacts, character traits, etc.<\/p>\n<p>W \u2013 Weakness. Lack of experience, lack of training, skills that need improving, etc.<\/p>\n<p>O \u2013 Opportunities. New markets, lack of competitors, alternate streams of income, peer networks, etc.<\/p>\n<p>T \u2013 Threats. Competitors, economic issues, market changes, etc.<br \/>\nIf you put together a business plan with all these items, you\u2019re going to have one powerful business plan that will help get your life coaching business off to a great start and keep it running successfully and profitably for many years!<\/p>\n<p><b>SPECIAL BONUS<\/b> \u2014 <i>If you would like step-by-step blueprints for generating a massive income from high paying coaching clients, I invite you to claim your <\/i><b><i>FREE ACCESS<\/i><\/b><i> to the \u201c<\/i><a href=\"http:\/\/www.coachestrainingblog.com\/sp.php?adsource=blogtext\"><b><i>Life Coach Salary Secrets<\/i><\/b><\/a><i>\u201d video toolkit. Go<\/i><a href=\"http:\/\/www.coachestrainingblog.com\/sp.php?adsource=blogtext\"> <b><i>HERE<\/i><\/b><\/a><i> to get it <\/i><b><i>FREE<\/i><\/b>.<\/p>\n<p style=\"padding-top: 10px;\"><a href=\"https:\/\/coachestrainingblog.com\/becomeacoach\/bio\/fred-phillips\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Fred Philips<\/b><\/a><br \/>\nBusiness Coach<br \/>\nWriting Team, Coaches Training Blog Community<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You already know you need a business plan \u2013 so here you&#8217;ll find a few tips on business plan writing and a sample business plan for a life coaching business. A Few Quick Tips on Writing a Business Plan for a Life Coaching Business Give yourself time to write it. You may even need to [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":17547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[195,1383],"tags":[773,1384],"class_list":["post-17544","post","type-post","status-publish","format-standard","has-post-thumbnail","category-life-coaching-business","category-sample-business-plan-for-a-life-coaching-business","tag-life-coaching-busines","tag-sample-business-plan-for-a-life-coaching-business","entry"],"jetpack_featured_media_url":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-content\/uploads\/2016\/04\/student-849825_1920.jpg","_links":{"self":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/17544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/comments?post=17544"}],"version-history":[{"count":5,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/17544\/revisions"}],"predecessor-version":[{"id":24826,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/17544\/revisions\/24826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/media\/17547"}],"wp:attachment":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/media?parent=17544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/categories?post=17544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/tags?post=17544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}