Collette, thanks for taking the time to share your stories with us today It’s easy to look at a business or industry as an outsider and assume it’s super profitable – but we’ve seen over and over again in our conversation with folks that most industries have factors that make profitability a challenge. What’s biggest challenge to profitability in your industry?
In the coaching industry there are no licensing requires or regulations. As a result, anyone who decides to help others in any way can set up shop as a coach. One of the greatest challenges in the coaching industry is not understand who you serve, why you serve them and what outcomes you seek to achieve with them. Oftentimes when a coach is engaged what the client gets is a lot of great ideas, but not many usable practices and tools to help those ideas impact the audience they seek to impact. As a result, revenue is greatly stalled making the average annual revenue of a coaching company around $25,000.
Find out how Collette grows her clientele and how she stays agile during these ever-changing times!