Sunday, May 22, 2005

Got Biz?

I think one of the toughest businesses in the would to build is a coaching business. I know this flies in the face of what your coach training school may have told you, before you signed up. I know that the story that I was told was that coaching businesses are easy to start and inexpensive to maintain, that you can name your own hours and make a six-figure income while working part-time. That you get to model "life balance" for your clients and you can fill your practice in as little as three months. ("Cool!" I thought.)

Actually, all of the leading coaches that I currently know about are working 12-16 hours per day, sometimes, seven days a week! Is that crazy, or what?

Why is it so hard to build a successful coaching business? Read the entire article at the Coaching Blog.


Saturday, May 21, 2005

REALL Marketing for Coaches

Well, our Confab meeting with guest mentor coach, Barbra Sundquist, on "Do Coaches Need to Get Real?", was very high energy! There are a lot of smart coaches on the calls and they're not shy about sharing. Barbra didn't get to talk as much as we expected, but gracious as she is, she recognized that it was a great call, anyway! (If you're not a member, yet, go here: http://www.coachingconfab.com. You can also access the free recording of the call and previous calls, there.)

Several callers mentioned my recent post, "No Wonder Clients Aren't Buying", so the call became a discussion on marketing; what works, what doesn't, and what's just plain repugnant. I'm getting lots of feedback on that post and on the Confab meeting. We've really struck a nerve in the coaching community! Read entire post at the Coaching Blog.

Monday, May 16, 2005

No Wonder Clients Aren't Buying

I still watch 60 Minutes every Sunday night, if I can catch it. Last night, they had a feature called, "BS Rules". It was tough, because they couldn't actually say the word in the title.

"BS Rules" was inspired by an unexpected bestseller by, Harry G. Frankfurt, a distinguished professor of philosophy at Princeton University. ON BULLSHIT is a serious philosophical work that normally would only sell a few hundred copies, but the title has struck a chord with so many that it's selling hundreds of thousands.

Hey, it struck a chord with me, too!

I've specifically thought about this in regards to coaching. (Well I do sort of have a one-track mind.)

I've been meaning to write about this subject since the first day of the CoachVille Annual Conference, when Dave Buck got up and asked, What's wrong with coaching?

Without stopping to think, I spontaneously wrote in my notes:

The hype has separated us from our souls.

I stared at that for a few seconds and forgot to listen to Dave, anymore. The hype is killing us, quite simply.

What hype? Marketing hype! Branding hype! Advertisements disquised as newsletters! Products that will make coaches money! Yadyadayada!!

Geeze! I'm so sick of hype, I'm choking on it. And hype goes deeper than that, too. It shows up in promises that aren't kept, even though you meant well. It shows up in products that are designed according to what the market is buying, not what people want. It shows in compromised integrity. It shows up when you strive to get people to buy, rather than attract them, because you have something they really want. In other words, hype is BS.

Coaches mean well. They're just not thinking at a high enough level to attract clients. No wonder people aren't buying!

We're operating at a paradigm level that's no higher than (or even lower than) most of our potential clients. The materialistic/entrepreneurial/corporate mindset that has dominated American culture for decades is in decline. Corporate refugees, victims of downsizing, burned consumers; those people don't want more of the same. They've had it. Coaches need to be operating at a higher paradigm then that, in order to help them shift to a new way of thinking. That's what coaches are for! Not to insert them in our product funnels and squeeze more and bigger dollars out of them.

Why should people trust us with their lives, their dreams and their futures if they feel like our first motive is to make money from them? Most people live in such a climate of mistrust that if they sniff even the slightest bit of an agenda, they become suspicious. Not a good place for our coaching clients to be coming from!

So how did we get here and what do we need to do about it? Well, Thomas stretched out thinking. Remember that? And coaching was growing, then. Then we lost Thomas. Since then, lots of coaches have tried to step into his shoes, but none of them are thinking like Thomas, yet. They're striving, instead of attracting and they're becoming less attractive, as a result.

It wouldn't hurt to go back to some of the old Thomas material, like Irresistable Attraction and place our faith in that. Only let's don't stop there. The world is still moving forward and Thomas can't keep leading us. Look for new voices and new ways of thinking. Look outside the coaching industry for inspiration. Watch what's going on in the world and notice where it's heading and where it's been. Coach the present and future, not the past. Start leading, yourself.

And stop trying so hard!

Most coaches come into the profession, because they're not BS artists. They care about truth and other values. How silly to train them to BS their potential clients.

If you want to actually attract clients, Fresh Thinking Rules.

Copyright, Julia Stewart, 2005 http://www.yourlifepart2.com

Sunday, May 08, 2005

Under-Capitalized

This is a problem that can be so painful, that coaches don't like to talk about it.

Under-capitalization.

Fancy term for, "You don't have enough money to make it." Read the entire article at the Coaching Blog.