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In the last episode I talked about high payoff actions you can take in your business. High payoff actions are the ones that get you the results you want.
Those actions are always strategic – based on a strategy that you’ve thought through.
In this episode, which is the 2nd in the series called Coaching Business Checkup, I’m going to talk about the top ways for new coaches to be strategic in their business.
No Strategy is a Slow Strategy
I was thinking about this recently … when did I begin to be more strategic in my coaching business?
It began when I targeted a viable audience and figured out what they want so much they’d invest in my help to reach that goal.
That was my first point of strategy. That’s #1 because if you don’t target a viable audience no other strategy after that will work.
Embarrassingly, it was only after my 2nd coaching website and after my 3rd year in business for myself that I began to think more strategically.
And wow how it paid off. And how I wished I’d been more strategic from the beginning, but I didn’t know how.
Before that I just flew by the seat of my pants, which is a strange saying but we all know what it means.
Looking back I have to laugh at myself a bit, thinking that I could have a successful coaching business without strategy. But I’ve always been someone to jumps in headfirst. Now when I jump in head first, I’m actually using my head by being strategic. But it’s not fair to compare what I know now to what I knew then.
I was blessed in so many ways — still am — by serendipity.
So many angels and surprises came my way in the form of opportunities and wonderful human beings that gave me a helping hand.
I would never have leaped to the idea of helping coaches, first with their coaching niches, had I not been tapped to be a trainer in a coach training company.
And after a year, I was asked to rewrite the curriculum of that organization called Coach Training Alliance. They’ve been using that curriculum for 2 decades. It’s a wonderful coach training school.
Because the owner gave me an opportunity, I learned that I was good at taking complex concepts and tasks and breaking them into step-by-step processes.
My teach archetype was born then. And coaches started hiring me.
Having no strategy is a kind of a strategy. If you have time to burn or if going about things totally organically is a value of yours, no strategy can work in the long run.
Smart Strategy Means Faster Results In Your Coaching Business
But when it comes to attracting enough clients who pay well, stay longer and refer more ideal clients, having a strategy now, when it’s early days in your coaching business, is the way to get there faster.
For most of us, getting there faster is critical. Most of my clients need to earn and earn well. Their coaching business is in lieu of getting another J.O.B.
So strategy is the way to go.
If you’ve not learned to be strategic yet, that’s okay. And today is the day to start.
10 Critical Strategies For New-ish Coaches
You may be wondering why am I talking about strategy so much in a series called Coaching Business Checkup?
Well, here’s the deal, if things aren’t going well for you in your coaching business it always boils down to a lack of strategy. And there are several areas to look at.
For now I’m going to list them. Then in following episodes I’ll go into more detail about these ways to strategize your fledgling coaching business so you have better results.
And, at the end, I’ll have a free download for you with a Coaching Business Checkup you can do quarterly to assess how you’re doing and what needs attention. It will be cool and super helpful!
#2 Discover Their BIG Acute Problem And Top Goal
#3 Develop a Signature System To Reach Their Top Goal
#5 Create a Positive Customer Journey with Strong Conversion Processes
#6 Set Up Enrollment Opportunities and Learn How to Enroll
#7 Build Trust with a Visibility Strategy
#8 Create a Valuable Customer Experience and Collect Social Proof
#10 Develop High Payoff Action Habits
There are other strategic things you can do. The list could be endless.
that there are developmental phases for coaching business owners that are like
building blocks. They should learned one phase at a time.
In fact, trying to implement strategies that are beyond your current phase of business development can trip you up and postpone success.
So I invite you to be patient and start with the foundation. This is what I do with new coaches in my VIP Coaching Business Breakthrough program.
I help you master those 10 strategies. If you’re struggling to create all the strategies you need for your coaching business, let’s talk.