Find the full transcript for this episode and more resources for coaches here where you'll also find links to smart apps and expense choices for coaches . Other episodes mentioned: #191 - Low Pricing Could Kill Your Coaching Business #58 - Start Planning for Profit in Your Coaching Business There’s nothing boring about earning well as a coach. But coaches often avoid setting financial goals and tracking expenses to plan for profit. What’s up with that? Well, in my early years, I failed to act like I even had a business, so I get it! I just wanted to coach and help people. I steered clear of tasks that felt corporate because I’d left that world for good. So, … I didn’t set a budget for my business. I chronically OVERSPENT on online courses, certifications and whatever bright shiny object landed in my inbox. Know what I mean? Then it dawned on me — I wasn’t operating a legitimate business. I just had an expensive hobby. That’s when I got serious about profit and started ending every year with a lot more of it. Profitability is about pricing services to sustain your business and controlling expenses. I’m about to share my own expenses with you and spending pitfalls coaches can easily avoid. I'd love to hear from you. Stay inspired and make things happen! - Rhonda Hess, Prosperous Coach Rhonda Hess helps new coaches leverage their zone of genius into a profitable coaching niche and launch with confidence. For VIP step-by-step support apply for Rhonda's VIP Coaching Business Breakthrough Program here and she'll be in touch to invite you a discovery call. Or if you're stuck on your coaching niche, grab a Nail Your Niche Strategy Session with Rhonda here.
