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Coach Builder Part 7—How to Achieve Financial Stability as a Coach

Business Made Simple Podcast

Release Date: 03/19/2024

#192: Kim Scott—The Hidden Cost of Being Too Nice in Leadership show art #192: Kim Scott—The Hidden Cost of Being Too Nice in Leadership

Business Made Simple Podcast

What’s the real cost of being too nice? It’s more than you might think. Many leaders, especially small business owners, fall into the trap of “ruinous empathy”, which is the failure to provide essential feedback due to the fear of hurting someone's feelings. Avoiding difficult confrontations might feel like the right thing to do—but it’s actually a fast track to mediocrity.    Join hosts Bobby Richards and James Sweeting as they sit down with Kim Scott, author of Radical Candor, to dive into the dangers of avoiding tough conversations. In this episode, Kim shares her...

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#191: Tiffany Aliche—Why Financial Freedom Isn’t as Important as You Think (And What to Aim for Instead) show art #191: Tiffany Aliche—Why Financial Freedom Isn’t as Important as You Think (And What to Aim for Instead)

Business Made Simple Podcast

Many people believe that financial freedom—accumulating enough money to never work again—is the ultimate goal. But for most entrepreneurs, this dream feels out of reach, which leads to frustration and financial stress. The constant pressure to build wealth and achieve financial freedom can leave you feeling like a failure if you don’t hit that big number. So what if financial freedom isn’t the answer? What if there’s a more realistic and sustainable way to manage your money and build security?   In this episode, hosts James Sweeting and Bobby Richards talk with Tiffany Aliche,...

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#190: Amy Porterfield—Is It Time to Add a Digital Course to Your Existing Business? show art #190: Amy Porterfield—Is It Time to Add a Digital Course to Your Existing Business?

Business Made Simple Podcast

Are you leaving money on the table by not offering an online course? A lot of business owners feel overwhelmed by the idea of turning their knowledge into a digital product, worried it might be too complex or could cannibalize their bread-and-butter services. The doubts—about your teaching ability or the sheer effort involved—can make you question if creating an online course is the right move.   In today’s episode of the Become a Better Business Owner series, host Bobby Richards brings in digital course expert Amy Porterfield to shed some light on the issue for our course-curious...

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#189: Donald Miller—Cash Crisis? How to Generate Quick Revenue When Times Get Tough show art #189: Donald Miller—Cash Crisis? How to Generate Quick Revenue When Times Get Tough

Business Made Simple Podcast

Cash flow is the heartbeat of any business. But what do you do when revenue takes a sudden hit and the money isn't coming in as expected? Whether it's a seasonal dip, unexpected expenses, or a major disruption like a pandemic, every entrepreneur feels the pressure when cash flow slows down. These times can be stressful and can even threaten the survival of your business. So, what can you do now to ensure your business stays afloat when money is tight?   In this week’s episode of the Become a Better Business Owner series, hosts Bobby Richards and James Sweeting send out the "coaching...

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#188: Bill Allen—Make Your Business a Force for Good in the World (Even If You're Starting Small show art #188: Bill Allen—Make Your Business a Force for Good in the World (Even If You're Starting Small

Business Made Simple Podcast

So you've built a thriving business. You've got the airplane humming along, maybe even hitting 7 figures. But there's a nagging question in the back of your mind: "What's it all for?" Deep down, you want to make a difference, leave a legacy, maybe even inspire the next generation. But how? And do you really have to choose between profit and purpose?   In this episode of the Become a Better Business Owner series, hosts James Sweeting and Bobby Richards sit down with Bill Allen, a real estate investor and founder of a youth entrepreneurship program called Teenage Tycoon. Bill shares his...

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#187: Why Your Sales Team Isn't Selling (And How to Fix It) show art #187: Why Your Sales Team Isn't Selling (And How to Fix It)

Business Made Simple Podcast

As a business owner, you might be a sales superstar, but teaching your team to replicate your conversations with potential clients can feel next to impossible. After all, you know the company’s origin story and the ins-and-outs of the product like the back of your hand. But in order to scale your business, you need to transition from being the primary salesperson to having a high-performing sales team. And to do that, you need a consistent sales process.   In this week’s episode of the Become a Better Business Owner series, hosts Bobby Richards and James Sweeting sit down with Chad...

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#186: Marcus Sheridan—The Simple Formula for Becoming the Most Trusted Voice in Your Industry show art #186: Marcus Sheridan—The Simple Formula for Becoming the Most Trusted Voice in Your Industry

Business Made Simple Podcast

You've probably heard the phrase "content is king" more times than you can count. But creating content that truly drives sales is easier said than done. Many biz owners struggle to produce content that hits on all levels: it feels authentic, builds trust, and makes an impact on their bottom line. You might be wondering: How can I create content that my target audience actually wants to read?   In this week’s episode of the Become a Better Business Owner series, hosts Bobby Richards and James Sweeting chat with Marcus Sheridan, author of "They Ask, You Answer", to discuss his proven...

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#185: Erin Meyer—The Feedback Mindset That Sets High-Performing Teams Apart show art #185: Erin Meyer—The Feedback Mindset That Sets High-Performing Teams Apart

Business Made Simple Podcast

As a business owner, you know that a high-performing team is essential to success. But what if your team isn't performing at its best? If communication is breaking down, productivity is low, and your goals are slipping out of reach, it might be time to look at a surprising factor many leaders miss. The secret to a high-performing team isn't a complicated strategy or expensive software; it's something much simpler: feedback.    In the latest episode of the Become a Better Business Owner series, hosts Bobby Richards and James Sweeting sit down with Erin Meyer, New York Times...

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#184: Megan Hyatt Miller—How to Win at Work Without Losing Your Soul (aka The Double Win) show art #184: Megan Hyatt Miller—How to Win at Work Without Losing Your Soul (aka The Double Win)

Business Made Simple Podcast

Let's talk about the elephant in the room for a second: the relentless hustle and grind of building a business. The entrepreneurial world can be a demanding beast, often forcing us to sacrifice our personal lives in the pursuit of success. Yes, you love your business, but you didn't sign up to be married to it. The truth is, chasing success doesn't have to mean sacrificing your personal life. You deserve to have both.   Kicking off our brand new Become a Better Business Owner series, hosts Bobby Richards and James Sweeting chat with Megan Hyatt Miller, CEO of Full Focus, about achieving...

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#183: Balancing Work & Life—How to Actually Enjoy What You Do and Love How You Live show art #183: Balancing Work & Life—How to Actually Enjoy What You Do and Love How You Live

Business Made Simple Podcast

Here’s a stark warning: heart disease is America’s #1 killer, and stress is heart disease’s #1 predictor. When your work/life balance is out of whack, stress only grows. How business owners manage this delicate highwire act is quite literally a matter of life and death. Thankfully, today we recognize the link between work/life balance and overall health, and there are steps anyone can take to improve that balance and their quality of life.   Today, host Donald Miller sits down with fellow Business Made Simple leaders James Sweeting and Bobby Richards. Their discussion covers Don’s...

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Coach Builder is available now! Order it at CoachBuilderBook.com/Podcast and get an 8-step plan to become a self-employed business coach so you can make great money doing something you love every single day.

 

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Are you a coach wondering where your next paycheck will come from? Many consultants and coaches are concerned about earning enough and growing their business. They’re anxious about maintaining a steady income, debating whether to quit their job for full-time coaching, and questioning if they can keep their business afloat during tough times. Simply hoping isn't enough to achieve financial stability and build a strong business. You need a solid plan for setting and achieving realistic goals.

 

In the 7th episode of our Coach Builder limited series, host Donald Miller, joined by producer Bobby Richards, shares strategies for setting effective goals to advance your coaching business. He’ll show you how to set realistic financial targets, decide how many products to sell, and understand the best ways to connect with customers. Focusing on these key areas will lead you to a profitable coaching career. Listen in and learn how to turn your financial concerns into practical steps toward success.