3 Sample Business Plan for Life Coaching

Using sample business plans for life coaching is a great way to figure out how to compose your own business plan. Using the work of others can help you get it done faster and can also help you make it better.

Sample Business Plans for Life Coaching

Sample Business Plans for Life Coaching – Le Moal Olivier © 123RF.com

No Copy and Paste Coaching Business Plans

Though it’s a great tool to use sample business plans or templates as guides for your own business plan, it should never be a copy and paste procedure. Sample business plans for life coach practices should be used as a guide or a reference; your business will be unique, and your business plan should be filled with your words, goals, values, mission, and vision. Not someone else’s!

3 Sample Business Plans for Life Coaching

Here are 3 sample life coaching business plans that you can use as a quick guide when composing your own plan.

Sample Coaching Business Plan #1

Company Description

Administrative needs – office space, licenses, permits, bookkeeping software, other hardware and
Software needs.
Business organization – corporation, sole proprietorship, LLC, etc.
SWOT analysis – strengths, weaknesses, opportunities, threats.
Goals

Coaching Description

Values
Vision Statement
Mission Statement

Market Analysis

Target market description
Profile of competitors
Outcomes you can provide your clients
Marketing methods and analysis

Sample Coaching Business Plan #2

This is for a business who might have or plan to have employees in the future.
You can use all the same categories as in business plan #1, but add a section for employees

Coaches

Employees or independent contractors
Hiring practices and methods – interviewing, experience level, background screening, etc.
Compensation

Sample Coaching Business Plan #3

This cab be sub-titled, The Lazy Coaches Guide to Sample Business Plans for Life Coaching.” This is the simplest one I could find.

SWOT Analysis

Determine your strengths, weaknesses, opportunities, and threats.

SOAR Analysis

This is often used instead of SWOT, but for this simple plan, it is used in addition to SWOT. It
Stands for strengths, opportunities, aspirations, and results. It helps to replace goals, values, mission statement, and vision statement.

Life Coaches Need Business Plans

You may think that because you are a one-person shop, a business plan is extraneous and unneeded fluff. Nothing could be further from the truth!

A business plan is a way to anticipate and plan for success; it is also a way to offer a contingency plan in case success isn’t as forthcoming as you hoped for. Sample business plans for life coaching offer insight into what makes for a good business plan – one that can help you build success and prevent failure!

I Promise – It’s Not That Hard to Create a Business Plan

With the use of sample plans and templates, creating a workable business plan is fairly easy. Yes, it will take a little time, a measure of dedication to the task, and a commitment to finishing it. No, it won’t magically appear without some work!

However, it’s not that time consuming, it doesn’t take that much dedication, and the commitment isn’t that burdensome. With the help of a few sample business plans for life coaching, it’s actually quite easy!

Special Bonus – Learn 32 ‘Guru’ Transformation Techniques when you click on the image at the top right. You’ll learn how to become a life coach in 30 days.

Fred Philips
Business Coach
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