What is a Small Business Coaching Business Plan?

A small business coaching business plan can be an addition to a normal business plan for a coaching practice. It can serve as a handy reference guide for how to coach your clients. It can give you an edge on the competition and help you remain true to your original purpose of being the best coach you can be.

Small Business Coaching Business Plan

Small Business Coaching Business Plan – Marek Uliasz © 123RF.com

Business Plan for Coaches

Every business should have a business plan. Yes, even coaches. You’ve heard it before, but it is worth repeating!

Write a business plan!

A business plan provides details on various components of your coaching business:

  • Administrative
  • Marketing and promotion
  • Target market and market analysis
  • Strengths and weaknesses
  • Opportunities and threats
  • Values
  • Vision and mission statements
  • Employees/contractors, etc. (if needed)

What is a Small Business Coaching Business Plan?

Let’s assume you’ve created a business plan for your small business coaching practice. You could stop right there. But, how about creating another founding document. The first one helps you run your business, but what about composing one that helps you coach? If you are just starting out in your coaching career, this could be highly valuable.

Let’s call this one a small business coaching business plan. Or, you could call it a small business coaching coaching plan. Either name works. Besides, the name doesn’t matter so much – it’s the contents that matter!

Let’s outline what this plan would contain. Think of things that will help you create a successful coaching business, from the coaching angle, not the business side.

7 Tips for a Small Business Coaching Coach Plan

Here are some suggestions for your small business coach business plan:

  • Be a guide for the business owner so he/she can improve their business skills.
  • Provide feedback every step of the way – both positive and negative.
  • Remember to focus not just on business, but also the balance between a client’s business and personal lives.
  • Remember to listen. The word listen should probably be sprinkled liberally throughout your small business coaching business plan. You are there to listen more than you are to instruct.
  • You can be both a coach and a consultant, if you want. But your first purpose is to be a coach. To give you an example of the difference: a automobile coach will help you understand how and why to drive a car, will help you determine what holds you back from driving the car at the highest level, help you create goals for driving your car, and ride along with you to ensure you stay true to the driving plan. A automobile consultant will help you choose the ride car, teach you how to drive the car, instruct you on the best routes for your drive, and even drive the car for you.
  • You serve as a motivational and inspirational partner. You are a hybrid coach/cheerleader!
  • No coach can be a good coach unless they hold the client accountable. Have various methods to emphasize accountability.

Small Business Coaching Present and Future

You might not think that you need a small business coaching business plan. You know what you plan to do, you have just been trained to be a coach, and you’re clear on your vision. But, what about two years from now.? Five years from now? That’s when this additional coaching plan will be worth its weight in gold. You’ll be glad you took the time to write a small business coaching business plan!

Would you like an endless stream of new coaching clients? Simply click the image to the right and email and I’ll send you free videos with step-by-step blueprints for generating a massive income from high paying coaching clients.

Fred Philips
Business Coach
Writing Team, Coaches Training Blog Community

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

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