The best place to start setting up your online coaching business is on paper. Start by mapping out what your business will look like in the first year, then the next 5 years.
Imagine your dream practice. How many clients will you have? How many hours will you work? Will you have employees?
Write down the answers to these questions, now work backwards. Get the figure you want to make, divide it by the number of hours you want to work, less the time you need for admin and marketing and you have an idea of what you need to charge.
Then sit down and close your eyes, imagine the perfect day and the perfect week in your new practice. How do you feel? What do you do?
Build the online coaching systems that support your vision
Build your systems and processes based on what is required to support your vision.
The next stage is to write down what your administrative tasks will look like.
Remember: you want to keep these as breezy and simple as possible because they take away time from billable hours and lead generation - every admin hour is costing you, especially if you don’t have a team yet.
The next step is to pick your coaching workflow software. An all-in-one tool like CoachVantage will save you a lot of time and money. You only need to learn and pay for one tool.
Set yourself up for success from the onset
You want to make sure that you set yourself up quickly and solidly. If there’s one thing you cannot afford it’s having to redo or migrate your systems after just a few weeks or months.
So dedicate 48 to 36 hours to set up, and keep a log of every item you create. You want to create your SOPs (System Operational Procedures) manual while you create the system, even if you don’t hire anyone yet. This will prepare you for when you need to hire help.
Are you interested in test-driving the CoachVantage platform? You can start off with a 14 day free trial of CoachVantage to check out all the features above.
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