Many coaches aren’t in it for just the money. They pursue coaching as a career because they want to make an impact. They want to impact people’s lives, help their communities, and drive real change in the world. However, not many coaches understand that the impact they want to make on the world is fundamentally dependent on the profit that they make for their business. Profit doesn’t just mean money—it could mean all the things you can do with money: driving transformation in people’s lives, creating change, and making an impact. Profit supports you, your mission, and your purpose.

In this episode, I highlight the importance of generating profit for your coaching business. I explain how profit can help you make a change in the lives of the people you want to serve. I discuss the value of simplifying a business and the characteristics you need to look for in a coach if you decide to work with one. I also underscore the importance of having a cash flow management system for your coaching practice and share some action points you can do today to start making your business profitable.

“You do yourself, your family, friends, clients, community, and everybody you care about a disservice if you continue to allow your coaching business to not make money.” - Jos Willard

This week on Profit for Coaches:

●     Different kinds of profit and how they sustain your purpose as a coach

●     The importance of installing a cash flow management system and cash flow

●     Why you need to be able to simplify your business

●     What to do if quitting isn’t an option for you

●     The FREE profitable practice scorecard!

Resources Mentioned:

●     Book: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz

Our Favorite Quotes:

●     “Find a coach who can help you simplify your business, get focused on one thing, solve one problem, and make a ton of money doing—then build your business out.” - Jos Willard

●     “If the idea of quitting disappoints you, you know well that having your own coaching business is what you’re meant to do.” - Jos Willard

●     “You need to focus, to have a plan and system in place that manages your cash flow. Step number one: you need to have cash flow.” - Jos Willard

Helping Coaches Increase Profits

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