I think the key for starting your own coaching business is to know the correct way to start and do business. There are different types of entrepreneurs and one of the first things to realize when deciding to start a coaching company is that the way all entrepreneurs have started their business is that they looked to make money first. Even the most successful entrepreneurs who start a business on a “for-profit” basis, believe that it is only after the money is earned that they should start thinking about what is best for the company. For my opinion, as far as a business model is concerned, the idea seems counter-intuitive. The main reason I would suggest that you would start at the very, very top, is that when someone feels that he or she has reached a level in life wherein their needs, goals, and aspirations are met, then the desire to make money would be eliminated. If someone is motivated by making money before the goal-setting phase, he or she is likely not very productive on the work front because they have yet to put all the pieces back together, and have not yet figured out what the business is going to be about.
The best way I can recommend to start off your own coaching company is for a business to make you aware of the various ways your life-experience has been influenced by the business you have started. If the business is successful, the knowledge you glean from it may help you as an individual and you as a business grow into a higher level. I once had an experience like this in my own life. I have been a manager-attempted business owner on and off for the past several years. I had an unsuccessful attempt on my life because of my first business, which I was a founding partner of. During the initial phases of the business, I thought that I would be able to focus on being a great manager, and it was all downhill from there. The thing I learned was that the people I hired were not good enough to be the primary business owners. I never had a business vision, and they came in a confusing way. To this day, even though it has been almost 18 months since the business failed, I am nowhere near being able to figure out what I am going to do next. You have to make a business goal first before you start looking in to the idea of starting a business.
What are some of the most memorable experiences in your life?
“My first business ended up succeeding because I had a great business vision of what my business could be