Why You Need a Life Coach Time Business Plan

Why You Need a Life Coach Time Business Plan

If you’re a life coach, time is one of your most precious resources; therefore, it’s important to have a life coach time business plan in place! In this blog post, we will discuss the importance and benefits of time management for coaches, components of a time business plan, and how to prioritize tasks.

Why You Need a Life Coach Time Business Plan

Benefits of time management for coaches 

You’ve probably heard of the saying, “Time is money”. This saying simply means that once time is past, you can never get that time back nor can you add more hours to a day. In business, poor time management can cost you and your business tremendous amounts of money. Life coach time business plans serve as a guide for working smarter instead of harder. With a life coach time business plan, you will:

  1. Improve productivity and efficiency: When you manage your time wisely, you can get more done in less time! This leads to improved productivity and efficiency in your coaching business.
  2. Increase client satisfaction: When you’re able to meet deadlines and deliver results on time, your clients will be happy with the service you’re providing. They’ll be more likely to recommend you to others and continue working with you in the future.
  3. Have better work/life balance: If you’re able to manage your time effectively, you’ll have more free time for yourself outside of work. This can lead to a better work/life balance and a happier life overall!

Components of a life coach time business plan 

There are several key components of a life coach time business plan:

  • Definition of goals: What do you want to achieve with your time business plan? What are your goals for your coaching business? Be specific and realistic in your goal setting.
  • Action steps: Once you’ve defined your goals, it’s time to develop a plan of action. What steps will you need to take to achieve your goals? Make sure each action step is measurable so you can track your progress.
  • Timeframe: How long do you realistically think it will take to achieve your goals? Set a timeframe for each goal and make sure it’s achievable.
  • Evaluation: How will you know if you’re on track or if something needs to be changed in your plan? Set up regular check-ins and evaluations to ensure that you’re making progress towards your goals.

Tips on how to prioritize your tasks 

Managing your time efficiently does not only include coaching sessions with clients but also planning and preparing for those sessions, as well as taking care of administrative tasks. Prioritizing tasks is a key part of time management, and can help you make the most of your time. Here are five tips on how to prioritize tasks:

Tip # 1: Make a list of everything that needs to be done

This may seem like an obvious first step, but it’s important to get all of your tasks down on paper (or in your electronic device of choice). This will give you a good overview of what needs to be done and will help you to start prioritizing.

Tip # 2: Break down big tasks into smaller ones

If you have a task that is particularly large or daunting, break it down into smaller, more manageable pieces. This will make the task seem less overwhelming and will help you to focus on each individual part.

Tip # 3: Prioritize based on importance and urgency

Some tasks are more important than others, and some have a deadline that is sooner than others. Prioritizing based on both of these factors will help you to ensure that the most important tasks are completed first.

Tip #4: Consider your energy levels

When you’re planning your day or week, take into account your energy levels. If you know you’re going to be tired after work, schedule easier or less important tasks for that time. Save the more challenging tasks for when you know you’ll have more energy.

Tip #5: Build in some flexibility

Life can be unpredictable and things don’t always go according to plan. Build some flexibility into your schedule so that if something comes up, you can easily adjust your plans.

By following these tips, you can start to prioritize your tasks and make the most of your time as a life coach.

To learn more about how to generate an endless wave of high paying coaching clients, get your FREE Instant Access to our “Life Coaching Business Blueprint” video toolkit when you go HERE.

Jeannie Cotter
Editor/Writer
Writer, Coaches Training Blog community

A Sample Business Plan for a Life Coach Going Solo

A Sample Business Plan for a Life Coach Going Solo

This article outlines a sample business plan for a life coach planning to start a sole proprietorship. Many people would like to start this business but they do not know how to go about it. By looking at this sample or other sample business plans for life coaches, you will know what to do and kickstart your life coach business.

A Sample Business Plan for a Life Coach Going Solo

Sample Business Plan for a Life Coach: Highrise Life Coaching Center

EXECUTIVE SUMMARY 

Offering life coaching services for individuals and businesses, Megan Bishop has achieved a successful path of her own. From business owner to speaker, from blogger to published writer, and from high school teacher to life coach, Megan is always reaching for new goals that inspire her. 

She offers thoughts and techniques on how others can find their own paths as well, using goal setting, motivation and accountability in order to help others achieve deep inner peace. Megan is the owner of Highrise Life Coaching Center.

OBJECTIVES

  • To help people improve their lives or perform better in their careers.
  • To help people eliminate or manage their depression and help them develop ways to enjoy life again.
  • To help people solve problems about their finances and provide them with solutions that will help them attain peace of mind.
  • To guide young people and adults on how to have healthy relationships that won’t compromise their mental health. 

MARKETING STRATEGY

Megan plans to advertise on local community online websites and forums. She will also be posting flyers in local businesses, putting her handouts at local chiropractic offices, doctors’ offices, personal trainer facilities and more. She will also promote her business through social media such as Facebook, Yelp, Twitter, Instagram and many more. Family members and friends will help spread the word about her business as well. To get the most clients, Megan plans to have as many networking events that she can manage/attend. There are always events going on throughout the month such as chamber of commerce meetings, exercise classes, etc.

TARGET MARKET

Highrise Life Coaching Center will provide five different types of one-on-one coaching packages to any person 15 to 65 years of age in the greater Seattle area who is seeking help with personal or professional development issues such as goal setting, time management, stress reduction, etc. The target market is large enough to support Megan’s coaching business. Even if she serves only 25 clients per month, she will earn an extra $7500 per year in gross revenue from the services she provides.

OPERATIONS AND MANAGEMENT

Since Megan’s life coach training center is a sole proprietorship, she will be operating the center herself. She will receive calls in her office through a 2-line telephone system. She will use high-speed Internet, free voice-over-Internet protocol phone service or cellular phone, laptop computer and fax service for communication with other people.

FINANCIAL PLAN

Highrise Life Coaching Center will get its startup funds from the Bank of America Community Development Program which supports businesses predominantly owned by women and people of color. 

Megan’s coaching program fits this requirement as her initial clients will be life coaches, some of whom are women business owners. The Bank of America’s funding will be used to help Megan with marketing and promotion, the establishment of a website for her life coaching center, and for printing costs for business cards and letterhead that will promote both Megan individually as well as her new training center.

BUDGET 

Advertising in local newspapers: $200/month

Advertising on local radio and TV stations: $400/month

Public speaking engagements: $50 per engagement

Flyers: $100 for initial printing costs

Grand opening event: $250

TOTAL MONTHLY BUDGET: $1000/month

Conclusion

This sample business plan for a life coach planning to start a sole proprietorship entails all the essential elements that a small business could have. However, it is crucial to do a thorough research before starting your coaching business.

By the way… you’re invited to claim your FREE step-by-step “30-Days to Become a Coach” video toolkit. Just go HERE now to get your 30-day coaching blueprint videos.

Jeannie Cotter
Editor/Writer
Writer, Coaches Training Blog community

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