21: How to Spot the Right Opportunities for Your Coaching Business

This episode is part 2 about how to selectively and wisely decide when to say 'yes' to coaching business opportunities. It's about teaching yourself to stand in your power and answer from your highest self.

Part 1 was about how to breakthrough the bright shiny object syndrome so that you're not wasting money on webinars, online programs or masterminds that you're not ready for yet. That's probably because your business foundation isn't solid yet. I know that's frustrating and it's a good time to stop and get that all nailed down before getting into advanced business programs.

Many of you have been letting me know that that episode hit the mark. Thank you for reaching out. I love hearing from you.

Ellen wrote to me: "I've taken many courses and been part of many mastermind groups and webinars but it's all come to naught because I haven't converted that learning into practical actions. That's because I've been struggling to figure out who I'm called to serve and what pain point or problem I'm trying to solve."

As it turned out, Ellen grabbed a strategy session with me and we quickly figured out her ideal target audience plus the problem she'll help them solve. At the end of the session she said: "Rhonda, that was amazing! I can't believe what we came up with. I came in confused about my niche and wanted a plan of what to do next. And I got all of that!"

Ellen, that makes me so happy!

So if you want to solidify any aspect of your business foundation — your audience, your niche, your business model — don't struggle and try to figure that out on your own. Grab a Strategy Session and let's nail that down for you. You can find that on today's show notes at prosperouscoach.com/21

Today we're digging into other types of offers you might be getting as a coach. For example, let's say someone emailed offering you a radio show program or a feature in a magazine. Or, someone is promising to get you leads. Or, maybe another coach wants to collaborate with you.

When offers like this come in, it's elating. There's this sense of "I'm not having to do everything myself!" Someone is saying they'll pave the road for you. And it's really tempting to say 'Yes'.

But are these opportunities right for you?  Especially for the stage of business you're in.

If you're in startup mode — that's the first 18 months or so of your business — it's all about solidifying your business foundation. You are:

·      Targeting an audience.

·      Finding out what makes them tick.

·      Figuring out your signature program to help them.

·      Developing your brand.

·      Building community.

·      Setting up your business model, a website and conversion process.

The learning curve is high and while you're doing all of this you're also figuring yourself out as a coach, as a business owner.

And for that reason it's a vulnerable time too.

The potential for distraction and getting pulled off course is high. Some diversions will m

I'd love to hear from you. Stay inspired and make things happen! - Rhonda Hess, Prosperous Coach

• Rhonda Hess helps new coaches leverage their zone of genius into a profitable coaching niche and launch with confidence.
• For VIP step-by-step support apply for Rhonda's VIP Coaching Business Breakthrough Program here and she'll be in touch to invite you a discovery call.
• Or if you're stuck on your coaching niche, grab a Nail Your Niche Strategy Session with Rhonda here.