What is a Life Coaching Business Plan Template?

If you want to create a life coaching business plan but do not know where to start, you may want to consider searching out a life coaching business plan template. Finding a free business plan template is relatively easy. In addition to local government agencies, there are also many life coaching and business planning companies that offer this service on the Internet. Life coaching business plan templates either come in the form of downloadable documents or business planning software.

What is a Life Coaching Business Plan Template?

A life coaching business plan template will provide the bare skeleton plan. When you are ready to create a business plan, you simply fill in the empty spaces with your own text. In certain cases, business plan templates will come complete with sample texts or suggestions on what to include in the plan so you’ll not feel lost when writing your business plan.

Life Coaching Business Plan Template and Tips 

One of the most common questions coaches ask is this: What should I include in my business plan? Well, that depends on what your coaching business aims to do, and who you want to approach for capital. 

The standard life coaching business plan template includes sections like an executive summary, a description of the practice, a description of the products and services your practice offers, the details of market research and analysis, strategy and implementation, the backgrounds and biographies of the practice’s management team, and your financial planning. The financial planning section should include a profit and loss statement if the practice has been in business long enough to have one, a cash flow statement, a balance sheet, and a company analysis of its break-even point.

One of the most important points that must be addressed in your business plan template are the details of the implementation and analysis of cash flow. Cash flow is one of the most vital parts of a business and life coaching business plan templates designed to keep track of the cash flow helps resolve the difficulties in following its path. Cash is often misunderstood as a profit figure, but they are not the same. Business plan templates help you differentiate and keep track of each. After all, profit from your coaching practice does not necessarily mean your company will have cash in the bank. There are many profitable companies that fail because they have problems with cash flow. A cash flow analysis can help prevent this issue.

A life coaching business plan template helps record, organize, and follow implementation details. These are the things that make good things happen for your coaching business. You may have the most brilliant of strategies and the most beautifully crafted plans and documents but until you use your business plan template to assign responsibility and record dates and your business budget, your ideas are just theory. Your business plan template also helps you follow up with the assigned staff for each responsibility and task and track the business results. Business plan templates dedicated to life coaches are about getting business results and improving your practice and its bottom line.

Study a Few Real-World Life Coaching Business Plans

The best way to get a real feel for the do’s and don’ts of a coaching business plan is to find real-world plans that have already been approved and study them. Once you’ve studied a few, you will get a better feel for how much work will be involved in putting your coaching business plan together. Remember, until the strategies in your plan are implemented, the business plan is the only tool you have to sell prospective backers on how great your coaching business is going to be.

SPECIAL BONUSIf you would like step-by-step blueprints for generating a massive income from high paying coaching clients, I invite you to claim your FREE ACCESS to the “Life Coach Salary Secrets” video toolkit.  Go HERE to get it FREE.

Jeannie Cotter
Editor/Writer
Writer, Coaches Training Blog community

FREE Video Course: How To Build a High Paying Coaching Business

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