How to Become a Business Coach

Leverage Your Business Experience to Become a Business Coach

By on July 1, 2020
business leader

If you’re a business coach or just thinking about what it might take to become a business coach, you’ve probably got a major problem and don’t even realize it.

You have no idea how much value you can deliver to the typical small-to-midsize business.

If you did, you’d stop second-guessing yourself and you’d become a business coach tomorrow!

The typical business coach can add $100,000 to $200,000 to the bottom line of most SMB’s and that’s why owner-managers are happily investing $12,000 to $36,000 per year to have us coach them. 

How many clients like that do you need to replace your salary?

Almost every day, I talk with executives leaving leadership roles in professionally managed, enterprise-level companies and considering a pivot to business coaching. 

The typical business coach can add $100,000 to $200,000 to the bottom line of most SMB’s and that’s why owner-managers are happily investing $12,000 to $36,000 per year to have us coach them.

Maybe you’re thinking: 

“I’ve got a lifetime of experience in P&L leadership or sales management or lean-6-sigma or finance, etc. I KNOW I should be monetizing my education and expertise much better than I have. Maybe business coaching is the path forward. But is this a real career? Can I really make a great living at it?”

The answer is “yes!” The business coaching industry is a thing. It’s real!

According to Entrepreneur.com, “Business coaching is a lucrative business that can tap into the massive market of entrepreneurs and business owners trying to find their way in the world of commerce.”

Business Coaching Is Profitable Because You Create More Value than you Receive in Revenue

How do you go about creating MORE value than ever before in the next phase of your career?

By solving bigger problems than ever.

Manoj Arora put it this way: “Do not focus on money, instead focus on a problem that needs to be solved for the world and money will follow you as a byproduct.

And THAT is what business coaching is all about!

Right now, business owners are fighting for their survival and the smart ones are reaching out to business coaches for help — by the tens of thousands.

Your experience in business is just what they need.

In every recession, brilliant business executives just like you take their hard-won expertise to the streets in droves and plunge into the world of coaching SMBs.

So what are you waiting for? NOW is the time to become a business coach. And our FREE ebook, How to Become a Business Coach will walk you through establishing your practice — every step of the way!

Eric Dombach

About Eric Dombach

Eric Dombach is the Founder of Coaches’ Coach. In 2001, he founded a business coaching firm that, by 2005, was generating more than $1 million USD in revenue, 23% operating profit, and average annual growth rate of 140% per year. In 2005, he sold the firm to 4 of his employees for $1 million U.S. dollars, generating a return on capital of more than 800%. Since then he has trained more than 1,300 independent and franchise business coaches in the United States, Canada, Mexico, Europe, and Australasian markets.

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