Starting a Coaching Business Isn’t Easy. Here’s How to Do It Successfully.

Ignore what you’ve been taught. August 2, 2019 8 min read Opinions expressed by Entrepreneur contributors are their own. Entrepreneurs offering life and business coaching seem to be popping everywhere. It’s clearly a hot field; but with no barrier to entry, anyone with an internet connection can be a coach. Not everyone, however, will be a good one or a successful one. These Advisors in The Oracles have made millions through their coaching businesses. Here’s their advice for getting started and standing out from the crowd. 1. Attract the best and repel the rest. Dan Lok Image credit: The Oracles The secret to a profitable coaching business is selecting the right clients. Don’t get into the “fixing” business of turning losers into winners; it’s exhausting. You know the people I’m talking about — they say they want something but don’t take action to get there or aren’t willing to pay […]

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How to Actually Make Progress and Grow Your Business—A Conversation with James Wedmore

James Wedmore: Commitment, and people toss this word around, oh, I’m committed Pat, I’ll tell you, I’m committed. Committed is not when I feel like it and when it’s convenient and when it’s not scary. Commitment is whatever it takes. And so when— Pat Flynn: Ooh, such powerful stuff we’re discussing today with my good friend James Wedmore, host of the Mind Your Business Podcast. He says that hustle and hard work are not essential ingredients for success. Success is created by mindset over strategy. And when it comes to who we want to be and how we can get to where we want to go, the biggest thing is the mindset. And how often do we say that we’re going to do something yet we don’t follow through? How often do we throw that word, “commitment,” around, I’m committed to doing this, whether it’s in our business for our […]

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A Business Coach May Just Be the Resource You Need to Refresh Your Company Mission

In this video, Brian Tracy lays out some of the benefits coaching may afford you. November 5, 2018 2 min read Opinions expressed by Entrepreneur contributors are their own. According to Entrepreneur Network partner Brian Tracy, many top executives consult with business coaches. Oftentimes, these business coaches are experienced entrepreneurs or business owners, who are years into nurturing their own companies. Business coaches can be helpful to guide your decision-making and hone your talents. Business coaches can also help strengthen your mission and pinpoint what your busienss can do to develop and get moving in the right direction. Famously, many of the world’s most successful entrepreneurs swear by having a business coach to guide them along the way (Tracy names Bill Gates and Steve Jobs as two). So, it seems successful people get to where they are with a substantial boost from business coaches. Click the video to hear more Tracy. Related: 4 Simple Steps to Begin Building […]

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BONUS: How to Focus on Just One Thing at a Time (Special Episode)

I have a special announcement to make! I know a lot of you have not yet heard AskPat 2.0, so today I’m giving you SPI subscribers a little bonus: A sample call from the new show. Enjoy! Ask Pat (1.0) was a show I started back in 2014 in which I answered short questions from audience members. I answered 999 of those questions, but I started to realize that a lot of the questions were similar. I also wanted to have one-on-one conversations to help people even further. So that’s exactly what I decided to do for AskPat 2.0! Starting with Episode 1001, I’ve been publishing a weekly coaching call (usually around thirty minutes long) to help callers through any number of issues. Today I’m sharing a sample call from Episode 1003, where I coach Jackie on what I call “squirrel syndrome.” Most entrepreneurs struggle with this—having too much on […]

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SPI 302: Coaching vs. Teaching—What I’ve Learned Since Investing in the Art of Coaching

In this episode you’re going to learn about the difference between coaching and teaching, what I’ve learned since investing in the art of coaching, the seven questions you need to ask when coaching, and why this is important for you and your business. Whether you’re just getting started with coaching or are looking to take it to the next level, this episode is critical listening! Why is the difference between coaching and teaching so critical? Coaching is an exceptional way to help people develop skills and abilities and boost performance. There’s crossover of course, but the big difference is that when you’re teaching, the focus is on you and your knowledge. Coaching is about the individual; it’s two-way, collaborative communication. And it’s very, very personal (that’s why coaches can charge more). When it comes to your business’ content, you have a lot of options. You can offer content in a […]

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