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Quiz: Where’s Your Coaching Practice at Right Now?

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Quiz: Where’s Your Coaching Practice at Right Now?

Hands up if you’re trying to build your coaching and thought leadership practice, but are confused by how you’re going and where to next?

You’ve googled business growth strategies. You’ve followed lots of people’s tips and suggestions. But honestly, you just want a clear, no ‘bs’ roadmap. In this quiz, we’re going to find out where exactly your coaching or thought leadership business is and where it’s headed.

Read the description for each phase and comment below with which phase you’re currently in!

 Phase 1: Startup.

The passion for your fledgeling business is high. You may have just finished your coaching training or be in the early phases of building your business. And there’s a lot to learn. Not only is there the art of coaching, suddenly you’ve got to learn all of these brand new business skills; marketing, content, sales, accounting, websites and more. Coaches who are in this phase are usually doing everything or nearly everything all by themselves. It’s a lot of time spent working without a lot of monetary reward.

Time spent in your business – 🕐 🕐 🕐

Income as a result – $

 Phase 2: Progress.

When you’re in the ‘progress’ phase, you’ve got a few clients and a little bit of money trickling in. You’re probably still trying to DIY a lot of things in your business. You’re crossing all your fingers and toes that you can make this coaching or thought leadership practice into something sustainable; maybe even a profitable business. Income is on the rise, but you’re still putting in more hours for not as much monetary reward.

Time spent in your business in this phase – 🕐 🕐 🕐

Income as a result – $$

Phase 3: Maxed out.

When you hit ‘maxed out’, you’re fully booked with one on one clients. Which is a great problem to have! But one on one clients take up a lot of your time. You might hit an income ceiling (because you can’t take on any more clients) and you’re probably feeling exhausted. The money is great, but you know this isn’t sustainable.

Time spent in your business in this phase – 🕐 🕐 🕐

Income as a result – $$$$

 Phase 4: Transition.

‘Transition’ is the time between being ‘maxed out’ and building a leveraged business that gives you more freedom and flexibility. This phase is all about creating leverage in your business; maybe you’re developing leveraged products like a group coaching program. You might also be actively working on building your team or improving your systems.

‘Transition’ is an awkward phase. Between building your legacy and your one on one client, you’re spending a lot of time in your business. As your focus shifts to building the assets and resources for your leveraged products, the focus and time you have for your one on one clients can drop off, so income generally does too. However, you’re building your legacy, and that takes focus and time. It’s an investment.

Time spent in your business in this phase – 🕐 🕐 🕐

Income as a result – $$$

 Phase 5: Leveraged and loving it.

The ‘leveraged and loving it’ phase is where you are working less than you previously have, but you’re earning more. It’s the ‘dream’ most coaches and thought leaders are aiming for. You have a business that has a legacy, that helps lots of people but still, gives you freedom and flexibility. In this phase you’ve mastered leveraging your business, through things like creating a team, creating leveraged products, and have amazing scalable systems in place. Give yourself a solid high five, because you’ve made it, baby!

Time spent in your business in this phase –  🕐

Income as a result – $$$$$

Where’s your business at right now?

How did you go? Did any of those phases resonate with where you are currently? Did you get a better idea of where you’d love to end up? Do you want to end up ‘leveraged and loving it’?

Tell me in the comments below.

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