All About Sample Business Plans for Life Coaches

Sample business plans for life coaches are business plan templates that detail the financial, operational, and marketing strategies of a life coaching business. They also outline the plans of coaches on how they plan on making money, growing their business, and turning a profit.  

Sample Business Plans For Life Coaches, Life Coaching Business

A business plan template is a ready-made document that contains all the information that a business owner will need to draft a business plan. This includes details such as the start date, the end date, the name of the company, the goals, the objectives, the market research, the financial forecasts, and much more. 

What is included in a business plan template?

A business plan template should include all the necessary information to draft a business plan. Some of the basic sections that should be included are: 

The Company Background: A brief overview of the company, including its current status and history. 

  • The Business Plan Overview: What is the scope of the business? Is it a new company or an established company? What is the market opportunity? What are your goals and objectives for this venture?
  • The Market Research: What are your competitors doing currently? What are they not doing that you will do to beat them in the marketplace? How can you leverage on any weaknesses in your competition’s marketing strategies?
  • The Marketing Strategies: Do you have any specific marketing strategies planned out to give yourself an advantage over your competition?
  • Financial Forecasts: This section includes projections for the next three years on monthly income, yearly income, and future profit. It also includes projections for sales volume and expenses.

Why use a business plan template?

A business plan template is a great way to ensure that you have all the necessary information before writing a business plan. This way, you will be able to avoid missing any important information and not forget anything you need to include while drafting your plan. 

Sample business plans for life coaches make it easy for you to draft your business plan.  Additionally, a template can help set up a timeline for goals and objectives and also highlight the importance of research in creating a successful business plan. 

There are many resources online where you can find sample business plans for life coaching for free or at low cost. Investing in a template is worth it because it saves you time and helps guide you through the process of drafting your plan.

Types of sample business plans for coaches

Startup business plans

A startup business plan is a roadmap for your business, detailing how you plan to become profitable and scalable. A startup business plan typically includes:

  • A company overview that highlights who you are and what you do
  • An overview of your product or service 
  • The risks involved in your venture and how you plan to deal with them 
  • Details of the startup costs, financing needs and funding plans
  • Competition and marketing strategy 
  • The team behind the project
  • Funding requests, including investor contact information

Strategic business plans

A strategic business plan is a document that outlines your company’s goals and the strategies to achieve them. A plan will typically include marketing objectives, an overview of the market for your products, financial projections, and a timeline for achieving certain milestones. It will answer the most important questions of your future. It will provide you with a clear sense of direction, meaning, and fulfillment.

Business growth plans

A business growth plan is a detailed strategy that helps you reach your long-term goals. It lays out your goals and how you’ll go about achieving them. A business growth plan can help you identify opportunities, create goals, and keep track of progress. You’ll be able to identify your priorities and figure out how to best allocate your time. You’ll also be able to see which aspects of your business are working well and which would need improvement.

Once you’ve determined the type of business plan you’d like to create for your coaching business, you can easily draft them by referring to sample business plans for life coaches.

By the way… you’re invited to claim your FREE step-by-step “Life Coach Salary Secrets” video toolkit. Just go HERE now to get your Life Coach Salary Secrets.

Jeannie Cotter
Editor/Writer
Writer, Coaches Training Blog community