Do You Have a Business Plan, Life Coach?

Do you have a business plan life coach? If you don’t, why not? If you do, is it something you pay attention to, or is it hidden in some forgotten drawer or in some forgotten document folder on your computer?

Business Plan Life Coach

Business Plan Life Coach – Alexander Korzh © 123RF.com

If You Don’t have a Business Plan

Do you need a business plan? Life coach, health coach, money coach – it doesn’t matter what type of coach you are. You need a business plan.

If you don’t have one and are trying to make a successful career as a life coach (or any coach, or in any business), you should take the time to create a comprehensive business plan. Trust me, it’s worth it and it really won’t take too much of your time!

If you run a race, don’t you need to know the route and the location of the finish line? You also need to know the best way to accomplish your goal of finishing the race (and your time goal in the race). Same thing goes with running a coaching business. You need to have a goal (often several different time goals, a mission, and then an action plan (the route) to reach your goals.

Writing a business plan for coaching provides some clarification of goals, helps to define action plans, and allows you to think about who you are as a coach and where you to want to go.

Yes, write a business plan – life coaching is a competitive business. You need one!

If You Already Have a Business Plan

Perhaps you already took the time to create a business plan. If you refer to that plan on a regular basis, congratulations. You’re ahead of many coaches. However, like many entrepreneurs, you probably filed that plan away somewhere in the nether regions of your papers or computer documents.

Get it out, dust it off, and look at it!

Is it a good business plan? Life coach, or any coach, your business plan is a crucial component of your business survival.

If it’s been done recently – within the past year or two – take a look and see how you’ve done. Are your goals in sight? Are you adhering to your values? Are your mission and visions statements still relevant?

If it’s been some time since you wrote a business plan, perhaps it’s time to revise it. Businesses operate in a dynamic environment and it’s important to update them as your business grows and changes.

Do You Have a Business Plan, Life Coach?

It’s one of the most important questions when starting or running a business. A business plan is like a founding document. It serves as a handy reference guide, a list of values, a statement of purpose, and a vision for the future.

If you don’t have a business plan, life coach (or any coach), take the time to create one now. It will have an impact on your business. It will help you make the right decisions in your business as you go forward. It will help you be a more successful coach!

By the way… you’re invited to claim your FREE step-by-step “Master Coach Blueprint” video toolkit. Just go HERE now to get your master coach blueprint videos.

Fred Philips
Business Coach
Writing Team, Coaches Training Blog Community

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