Turning your life coaching business into a success story is not as simple as you may think. Launching a page and racking up the billable hours won’t suffice. Instead, this undertaking requires lots of work and effort on your end.

Put this way, it may sound terrifying, and even discourage some of you from following your dream. And yet, looking at the lucrative career some life coaches have built, it is certainly worth the try. You will do exactly what you want – guide people to a better life. Why not reap some rewards too?

A coaching business can be successful in many different ways. The best indicator of its success, however, is the number of coaching clients it has. A large customer base will not only generate profits but also give you the chance to help more people every day.

And yet, it is called a coaching business for a reason. Everyone involved wants also to gain a reliable source of income, accompanied by respect and reputation. Potential clients don’t come easy in a market as competitive as coaching. You’ll need to make the right choices.

By creating a great coaching mission statement, you make the first encounter with customers as smooth as you want it to be. By mission, we mean everything you stand for and what motivates you to follow your vision and get results.

This is what you do, right? Inspiring people to follow their visions for a better and more successful life. You want them to become part of your mission and subsequently subscribe to your coaching business. A great vision statement can easily take you there.

Choosing a life coaching niche can be a stressful task. Indeed, you like motivating people and making the world a better place, but what do you do the best?

A life coach can specialize in many areas, be that career choices or grief over a loved one. Personal, executive, corporate, or wellness are just a few of the many life coaching niches you should consider.

Making money out of life coaching is the dream of many, but it is not as simple as it sounds. For starters, you need to do more than teaching during billable hours, just so that you can clean up the costs and come to point 0. Also, a new coaching business is a one-man show, and that’s where the trouble begins.

The life coaching business model is foremost based on the service we provide. If we think of this as the center of the puzzle, the other pieces should help us create and capture value.