Called to be a life coach?
Find out now with this free eBook download: Are You Meant to be a Life Coach?
The Biggest Mistake Most Life Coaches Make That Stunts the Growth of Their Business and Prevents Them From Making the Impact and Income They Desire
Your goal as a life coach is to support your clients in creating extraordinary results in their lives, while also doing everything you can to support the growth of your business.
Unfortunately, many life coaches make a crucial error that stunts the growth of their business:
They don’t invest in hiring a coach or mentor for themselves.
There are distinct, undeniable benefits to working with a mentor or coach that have been demonstrated time and time again across research and studies.
5 Benefits of Having a Mentor
- People with supportive mentors and coaches are consistently happier in their careers than those without (Forbes). A seasoned guide who is invested in your experiences as a coach or entrepreneur will help you feel more supported and confident while feeling less isolated and alone.
- Studies show that 84% of people working with a mentor or coach report experiencing greater inspiration (Women Ahead), not only for their current work, but also for exciting new ideas and opportunities.
- Professionals and business owners who are being supported by a mentor or coach experience a greater sense of meaning and purpose in their work and lives (Harvard Business Review). Many are inspired to become successful mentors themselves as their careers and levels of success continue to grow.
- Individuals working with mentors and coaches are 5x more likely to experience career success and achieve the goals they set for themselves (Wharton Business & University of Pennsylvania). There is exponential power and potential in partnering with those who have accomplished the goals you yourself wish to achieve!
But especially for those of us whose prime purpose in this life is to help others, the keys to a successful life coaching business lie in gaining trust and growing your business by practicing what you preach
I truly believe that life coaching is a sacred calling.
But it’s also a vocation that requires continual growth and change, not only from the clients you serve, but also from you as a coach! In order to model this ongoing transformation for your clients, it’s important that you have a gifted and experienced mentor in your corner, too.
You could invest months, years and even decades trying to build a successful, difference-making life coaching business on your own.
But trial and error is the slowest way to grow your business, and it may even cost you tens of thousands of dollars in the process!
Think about this for a moment… Why would clients invest in coaching with you, trust the coaching process, or believe in the life-changing results they could experience if they don’t see that you, yourself, trust coaching to help take your life and business to the next level?
When you’re speaking to prospective clients, it is an enormous point of trust for them to know that you also have a coach, someone who helps keep you accountable and on track personally and professionally.
Investing in a mentor transformed my entire life, both personally and professionally, and I was able to avoid the most common reasons why businesses fail through his guidance
I started studying transformational principles in 1971. A decade later, when I decided to fully commit to helping others apply these principles to their own lives, the term “life coach” wasn’t one people were familiar with.
In those days, if you said you were a coach, someone would say to you, “What sport?”
But as a trained educator and psychologist who had been studying and applying transformational principles, I decided to open a business that merged all of the things I had learned on my journey.
I was deeply committed to helping people transform their lives, but the first five years of my life coaching business were a struggle.
I knew I had a calling to mentor others, but I didn’t know how to take my passion and the skills I had and turn them into an income-generating business.
Then I learned of a man who was helping others greatly, and achieving the kind of success that I wanted to achieve.
I asked him to have a conversation with me to help me understand what I was missing in my own business, and he said,
“I can help you, but not just in one conversation. It’s going to take some time.”
That man was Jack Boland, an extraordinarily gifted teacher who only ever mentored three people: Wayne Dyer, Les Brown and me.
I invested in five straight years of mentorship with Jack.
I worked with him until he passed away, and then I went on to work with other mentors.
As a direct result of working with all of the mentors I’ve had in my life, I’ve built several multi-million dollar businesses, two of which are multi-million dollar coaching businesses established in the last five years and serving many, many people.
Investing in coaching and mentoring is the best investment of time and money I have ever made, and keep making, in my life.
That investment keeps yielding dividends year after year, and in turn, I attract clients who are willing to invest in themselves because I too show that I am willing to invest in my own growth.
Be the type of client you want to attract – someone who is willing to invest in their own growth
If you want to reach the people and make the difference you know you’re here to make, I highly encourage you to invest in a coach who is highly successful, and who can help you become the best version of yourself.
A great coach and mentor will support you in making the impact and earning the income you desire, and will help you avoid the ways that small businesses fail.
And of course, the more successful your business is, the more people you can serve and help.
For step-by-step tools and proven strategies for starting or growing a highly successful life coaching business that makes a profound and lasting difference in the lives of others, click here to download my free ebook, Are You Meant To Be a Life Coach?