{"id":20546,"date":"2017-08-31T05:15:38","date_gmt":"2017-08-31T13:15:38","guid":{"rendered":"http:\/\/coachestrainingblog.com\/becomeacoach\/?p=20546"},"modified":"2017-08-31T05:15:38","modified_gmt":"2017-08-31T13:15:38","slug":"use-a-sample-business-plan-for-life-coaching","status":"publish","type":"post","link":"https:\/\/coachestrainingblog.com\/becomeacoach\/use-a-sample-business-plan-for-life-coaching\/","title":{"rendered":"Use a Sample Business Plan for Life Coaching"},"content":{"rendered":"

You can find a sample business plan for life coaching<\/strong><\/a> with a few simple clicks of your mouse. However, it is important that you don\u2019t merely copy and paste. A sample business plan is a great tool to use as a guide, but your business plan should be unique to you and your life coaching practice.<\/p>\n

\"Sample
Sample Business Plan for Life Coaching – kchung \u00a9 123RF.com<\/figcaption><\/figure>\n

Own Your Business Plan<\/h3>\n

Life coaching business plans will have several similarities, but they should also have some significant differences. Using a sample business plan for life coaching doesn\u2019t mean your business is the same as the life coach down the street.
\nA sample is merely a template or a guide to use when creating your own plan. The sample is used for formatting purposes, section ideas, and inspiration for content. Remember \u2013 don\u2019t copy and paste!<\/p>\n

Sample Business Plan for Life Coaching<\/h3>\n

Here it is \u2013 a template you can use when creating your own business plan. It makes it much easier when you have a template; however, you still need to put in the time and effort to write an effective and useful business plan.<\/p>\n

Use this sample business plan for a life coach to give you a framework and get you started on creating the founding documents for your life coaching business.<\/p>\n

General Business Overview<\/h3>\n

This is like an introductory paragraph. What type of business will you be \u2013 corporation, LLC, sole proprietorship, etc.? Will you be working within a specific niche? Will you be hiring any other coaches or employees?<\/p>\n

Mission Statement<\/h3>\n

The best mission statements are concise, clear, and memorable. This is the \u201cwhat\u201d and \u201cwho\u201d of the company. Why does your practice exist? This statement doesn\u2019t need to be long \u2013 merely a few sentences.<\/p>\n

Vision Statement<\/h3>\n

What long-term impact do you want your coaching to have on individuals, the community, and the world! Where do you want your practice to be in three, five, or ten years? This should be another short, concise statement of purpose and future goals.<\/p>\n

Target Market<\/h3>\n

Whether you want to be a general life coach, or more of a niche coach, you need to define your target market. What are the characteristics and demographics of your market? Is the market big enough? Do they have the disposable income to afford your services and help you prosper? Every sample business plan for life coaching<\/strong> needs to have a section on target markets and industry overview (competitors, industry needs, demand, etc.).<\/p>\n

SWOT<\/h3>\n

SWOT is: S \u2013 strengths; W \u2013 weaknesses; O \u2013 opportunities: T \u2013 threats. There are many other ways to express these very important items, but SWOT is one of the easiest and clearest. This information should give you a good picture of who you are as a coach, where you are as a coach, and what else you need (training, certifications, etc.) to be a successful coach.<\/p>\n

Marketing<\/h3>\n

Marketing \u2013 most coaches hate to market. That\u2019s why you need a plan. If you don\u2019t want to market and promote, a business plan can detail ways t9o hire others to promote for you. Every simple business plan for life coaching should have a section on marketing; if not, go find another sample business plan!<\/p>\n

Alternative Steams of Income<\/h3>\n

One of the great things about coaching is the ability to apply your knowledge and expertise to other opportunities. This section should list some of the opportunities, such as books, DVDs, seminars, group coaching, and more. A useful sample business plan for life coaching<\/strong> must have this section, and your business plan needs this so you can expand your business in the future.<\/p>\n

Hope you took some great value out of this post today! I\u2019d love to hear your feedback, so make sure you <\/i>leave a comment<\/i> with your thoughts or questions. And also, you can click on the Twitter button below to retweet this article\u2026<\/i>