What helps you to bounce back from a setback in your coaching practice? In my experience running a business goes in ebbs and flows and the āemotional rollercoasterā of it gets easier over the years, but never really comes to a full stop.
Hearing enough NOs when offering your coaching is an integral part of hearing enough YESs that keeps your practice thriving.
It feels extra emotional to loose a potential client, since that ‘service/productā you’re offering is, well… YOU!
I thought I had the grip on my emotions in recent years. I’ve started to feel almost as cool as a cucumber on enrolment calls knowing for sure that statistically I only need to speak to 3 people for 1 to sign up.
But recently I was introduced to a new challenge: a little baby-boy who brings us tonnes of Joy,… and also some sleep deprivation…
When I had a ‘bad night’, the quality of thinking goes right down the toilet.
If I have a minor setback, it serves me with a variation on this thought:
“Clearly you’re a SHIT […fill in the gap as you please, eg mother/wife/coachā¦]!ā
I thought to share as last week I had a sudden mini-meltdown. I signed up a new client, who changed his mind overnight.
As I spent the day āfilling the gapā in that sentence, two BONKERS AMMMAZING clients signed up by the evening.
I wondered if that lamenting was at all necessary.
Consciously, I know that itās not necessary, but a degree of it is unavoidable.
All of this to say – you’re not alone if you woke up with a doubt in your head:
“Am I good enough for this client?”
“Will I be able to sign up new clients this month?”
“Who am I to..”
Don’t believe everything you hear in your lovely head.
Over the years, I developed a level of confidence that is deeper than this surface thinking.
Even in the midst of calling myself names, I have full certainty that this is temporary. And if things are looking down right now – the only way it can go from here is UP.
The only real way to have consistency in your practice – is to take a proper moment to process such emotions and simply take that next step the next day!
Reach out to more Humans, write a post, send an invoice.
Having gone through multiple emotional roller-coasters in my coaching business, I develop a profound level of compassion for coaches who are starting out and learning for the first time that being an awesome coach is only 50% of the job.
So I developed a programme that helps trained coaches get the business skill of it into their muscle memory called The Fully Booked Coach.
We are launching our Summer Cohort at the end of June, we now have 4 incredible coaches on board, and there is space for 2 more to apply for the programme.
Let me know if youāre curious and we can jump on a call to see if we may be a good fit to work together to help you iron out the ebbs and flows, and get the tools to truly enjoy the ride!
You can schedule our āBusiness Dateā here: https://lnkd.in/dcaqF9n7
Have you had your first MONEY FREAKOUT as a Coach yet? Get ready for more š±… BUT Iāve got ideas to help smooth those cycles after you kissed goodbye to the safety of a corporate paycheck.
I wish I could tell you that I found a way to fully avoid those āmoney freakoutsā for good now that Iām in year 8 of my coaching practice.
Hand on heart – they still happen, even though a lot less regularly andĀ a lot less scary, with a softer cushion in the bank.
I still get occasional visits from the money gremlin š¹, so I developed ways to cope.
Some practical ideas first:
1. Think in QUARTERS not MONTHS
Think in terms of successful quarters, not successful months.
Your energy as well as you client list ebbs and flows.
Some months, youād want to mostly focus on coaching, helping your clients reach their dreams.
Other months, you gotta put some energy behind finding new Humans to support.
Plan a particularly active āenrolments monthā each quarter.
2. Get a comfy CUSHION
It’s more important for you than ever to have a 3-6 months’ financial cushion when running your practice.
Review your spendings and make cuts until you build up that reserve.
Live simply until you can live lavishly again.
Being on enrolment calls when you feel like you āhave to’ sign up that client to cover your bills – is THE WORST!
Now, over to the mindset ideas āØ
3. Check your MONEY MINDSET
Whatās your money story that needs to unravel and be put to rest?
Book YOUR OWN coaching session when you’re feeling stressed.
It can be shocking how much we love supporting others, and how bad we can be at asking for support ourselves, no?
4. BREAKING NEWS: your coaching practice is also a BUSINESS
Most coaching schools forget to mention that what they teach is about 50% of the skills you need to succeed as a coach.
Leaving some coaches disheartened that there is no orderly queue of clients upon their graduation.
Running your coaching business and consistently bringing clients to your practice is an Art form! And is the other 50% of the skill you’ll need if you’re in it for the long-haul.
Iām pretty sure I would have given up in year 2 if I havenāt finally put my pride to the side and handed over a chunk of cash to a more experienced coach to help me hack the business side of it.
…and if you’re also keen to learn how to smooth out those money freak-outs, I’m offering free 30-minute Coaching Profit Plan consultations to trained coaches only.
This time is 100% for you, focusing on what you need to experience more abundance in your new professional re-incarnation as a coach.
Being a new mum, I can only offer two 1:1 spots a week currently, so be sure to pick yours soon if you’re serious about significantly growing your practice this year:Ā https://lnkd.in/d2zgS2vS
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That’s all I’ve got on the topic for now š
Iād love to hear from experienced coaches here – what helped you to smooth out financial cycles over the years?