How do my children spend my money?
In an ideal world, I should be an expert on all of these topics, yet I am not. Therefore, I have written this post, trying to explain my life coaching business a little more fully.
How much money does life coaching business cost?
The cost of a life coaching business is based on 3 main factors:
The business (how many clients, how many hours, how much money your business takes) Your time (how much time you get paid each week) Your time budget (how much time you are allotted and how to spend it)
This article is not a long rant about the costs of starting a life coach business. This article is instead a general summary of these 3 factors.
I should warn you that although I think it is better if I do not get into details on each particular cost, that I am not an expert on all of these. You should research that yourself, first.
I am sure there is something that you do not fully understand or understand fully well. But knowing this could save you countless hours.
3 factors that can affect a life coaching business’ cost
There are 3 factors that can affect your life coaching business cost:
What type of client are you trying to coach and/or what type of course are you selling? You have to get to know your client and the topics they are likely to need to understand. This means that you need to do the following:
What kinds of questions are you trying to answer? Are you trying to teach them a particular technique or are you trying to understand their life? Do you know them well enough to help them with their problems? Do they want to use my product and/or services?
How do you do it? Are you a coach? Are you a coach’s assistant? What kind of coaching do your coaches generally do? What methods do they use? Are they teaching you the same thing over and over and over again? What are the results? Are you helping them to learn as quickly and fully as they can? How many hours do you have to do this each week? How much are you giving your coach to deliver what they want?
You can check out my free email course if you are unsure about what you should be doing for your life coaching.
3 things you actually need to know about your clients
Now comes the hard part
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