One of the critical issues for any business is cash flow. Two issues, perhaps especially for a coaching business, can be limited thinking about what to charge, and having a healthy relationship with money.
Tom Buford of Charge What You Deserve writes:
Owning a coaching business can be very rewarding and lucrative.
Unfortunately, too many coaches turn their businesses into struggling headaches.
There are many talented coaches out there who are constantly undervaluing their services and facing the ugly reality of going out of business.
I don’t care whether you’re a business, executive, family, relationship, life, or any other style of coach-you need to take a good hard look at what you’re charging before it’s too late and you’re forced to find another way to earn a living.
Raising your fees not only helps make YOU more prosperous and fulfilled, it can help make your CLIENTS more prosperous and fulfilled.
From his article Coaches, Raise Your Fees – 3 Critical Reasons to Increase Your Income.
Get more information about Tom Buford’s programs at Charge What You Deserve, plus FREE report: “5 Deadly Mistakes To Fee-Setting And What To Do If You’ve Made Them.”
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Kendall SummerHawk is the “Million Dollar Marketing Coach for women entrepreneurs” – but her perspectives can be just as helpful for us men:
At the heart of a woman’s soul isn’t the goal to create riches, but the desire to help others. But just because a woman’s primary motivation isn’t money doesn’t mean she can ignore it and expect to thrive.
Unfortunately, most women are never taught or mentored how to enjoy a positive, healthy relationship with money that honors their desire to do good AND do well.
So, instead of treating money with respect and appreciation, they push it away from them in many small ways, every day.
Luckily, all it takes is a few simple tweaks in your daily behavior to quickly allow greater wealth to flow into your life with grace and ease.
See more articles by Kendall SummerHawk.
Her programs include :
Money Breakthrough Method Free Video Series — “How To Stop Unconsciously Sabotaging Your Income And Start Increasing Your Self-Worth And Your Net Worth.”
Also see her Free Gift – “15 Tips, Scripts and Must Do’s” — “Would you like to know how to confidently answer the question, ‘So what do you charge?’ How about learning the secret to no longer doubting your fees?”
Niche Breakthrough Secrets training course — “Market Less, Fill Your Programs, Courses and Workshops Faster and Sell More of Your Products…All While Staying Powerfully Authentic to Who You Are”
Visit her site for multiple programs and products to grow your business success: Kendall SummerHawk – Coaching and resources for the Woman Entrepreneur – KendallSummerHawk.com