How To Create A Turnaround Plan And Bring Your Coaching Practice Back To Life

Is This Your Story?

“Hi, my name is?__?and I am a coach.

This morning, I woke up and realized that my business has been stagnant, and I’ve been struggling for the past 6 months. I have been coaching for a year and a half. When I first started, I was passionate and excited to develop my coaching practice. But after these past six months, I realized I was struggling to find enough clients.

Right now, I feel stuck in the same place where I had been for the last year and a half, not moving forward or getting any closer to achieving my goals. This economy is not helping very much either. Just in the past few months, I’ve lost 2 paying clients, 3 new prospects, and my revenue is just about to dip below $5,000.

I know it’s time for me to act and bring my business back to life, but I don’t know what to do or where to start.

Can you help?”

WOW! Can you relate to this story as a coach? If so, keep reading.

Things May Look Bleak

The economy sucks. Everyone knows it. And your business coaching practice isn’t growing which shows it.

You may be going through the motions and pretending business is fine, but deep down you know there’s a problem.

After all, as a coach, you are in this industry because you want to help people solve their problems and get on their feet again. But maybe the economy really has drained all your drive and motivation away.

But here is the thing to think long and hard about…

Sales is a lagging indicator for the work and activity you’ve been consistently doing in your practice over, at least, the past 90-days.

If your story is like the above story, then it’s time for a big change.

There Is A Solution To Every Problem

Yes, the economy sucks! Inflation is high and a recession is looming.

Yes, the economy sucks and when it does, it makes it hard for your coaching practice to thrive.

You know you need to change something or at least prepare for the changes ahead, but you have no clue what needs to change or how to prepare for it.

During times like these, coaches always struggle to figure out where to place their focus and how to grow their business, and the options for what you can do to grow your business are pretty overwhelming.

You need to figure out what to do NOW that will make the biggest impact right NOW.

It’s time for your turnaround plan.

Turnarounds Are Difficult

Having been a project management consultant for years, turnaround was my specialty. Imagine getting hired by a company to fix a project that was at risk of failing. This was no walk in the park.

Turnarounds are difficult, but they aren’t impossible.

I get it.

You’re feeling the pressure from your clients, your team, and yourself to make great things happen in your practice, but right now it’s just not happening.

You want to bring your business back to life, but that doesn’t happen overnight.

So how do you re-energize and get your practice back on track?

First, stop spinning your wheels. I want you to apply my S.O.A.R. concept… (Stop. Observe. Assess. Respond.)

Try it.

Doing Nothing Gets You Nothing

As a professional coach, the last thing you want to hear is that your business is stalled.

As coaches, we put our hearts and souls into our business, but sometimes the biggest obstacles come from within ourselves when we grow complacent and stop innovating.

If you’re struggling to see any traction in your business and you are looking for some guidance on how to bring your coaching practice back to life, these five steps are going to help you make a turnaround plan that will really work.

You will love the step-by-step procedure I’ve laid out to help you create a turnaround plan for your coaching practice.

It’s so easy, you’ll kick yourself for not doing it before!

• Step 1: Take stock of your current coaching practice and craft a revised vision statement.
• Step 2: Write down your values and what is absolutely critical for you to accomplish at this point.
• Step 3: Create an ideal client avatar along with a clear customer journey map for how you plan to take your clients from where they are now to the result that want.
• Step 4: Set specific concrete goals and milestones for what you want to make happen in the next 3 to 6 months.
• Step 5: Create a detailed plan outlining how you’ll reach your goals and then get to work immediately on implementing your turnaround plan.

The faster you can bring your coaching practice back to life, the quicker you and your clients will get results you both want.

People Need Coaching

Despite what’s going on in the economy right now, people need coaching services more than ever.

They need solutions and results, which mean they need what you have to offer.

This simple turn-around plan will help you tackle your current problems and go from struggling to thriving.

By applying these steps with diligence and discipline, you can turn your coaching practice around in as little as 90-days.

Don't wait and don't procrastinate!

Start today to turn your coaching practice around and make it grow. ??

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