Act now and earn decent money using communication skills and vast experience with lucrative life coaching business idea. Life Coaching is one of the fastest growing fields with good profit potential. Make use of this business opportunity to support yourself financially and help others to overcome their life barriers.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
If you are empathetic, motivational speaker and love to provide guidance, support, and counseling, then you should consider starting a life coaching business. Life is not easy; everyone wants to live a better life. However, most of the people struggle with their lives. As a life coach, you will help people to change their lives as they want and deserves through your extensive knowledge and effective communication skills. Life coaching business idea requires good listening, understanding, communicating, interpersonal and motivational skills. A life coach helps others to set their life goals and achieve them successfully.
Life coaching requires good communication and listening skills as well as in-depth compassion and kindness. Sometimes, your customers may reject your ideas and suggestions that implies that you must have a complete understanding of life to perceive things from their viewpoint. Life coach assists people to make decisive changes in their lives like health, relationship, etc.
In some countries, there is no obligation to obtain a license for coaching. However, in many western countries, you require diplomas, training, and licenses to start a life coaching business. There are many benefits of a certified life coach that will help you to expand your business effectively. The license will create a sense of trust in your client and distinguish you from self-proclaimed life . coaches.
Most of your clients will be from the young adult age group, as they commonly struggle with their lives and need proper guidance to make the right decisions.
- Commercial Office: It enables you to appear more professional to your customers. By renting a commercial office you can also offer group coaching and workshops.
- Online Coaching: Telephonic and video graphics conversation for the clients that can’t meet you daily. Besides, you can promote your business through social media platforms.
- In-home Center: You can also establish an in-home coaching center to target customers in your locality. Suitable as home business or part-time idea during COVID-19 pandemic.
The startup cost of a life coaching business idea is low. However, you need to spend money on marketing. You can also use reliable transportation and meet customer in public places to keep initial cost minimum. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- A flexible, satisfactory and rewarding business that allows you to change the lives of other people.
- You can run the entire business from home and train individuals as well as groups.
- You can create products that match your coaching services to earn some extra cash.
- Low startup investment with high earning potential.