GF¢ 030: What You MUST Know Before Hiring Your First Coach

Play

This podcast episode is a continuation to support Operation: #investNOW where I’m inspiring 1 million people to invest in themselves.  Check it out here

This podcast is all about one of the best investments I’ve ever made, but I’m not just rehashing Episode 15.

I’m going to be diving deeper into one of those investments – coaching. Investing in my own coaching program is one of the best investments I have ever made in myself and in my business, but I didn’t really get it at first.

Then, when my business grew and started lacking direction, I realized what I needed: a coach.

Another online entrepreneur recommended Strategic Coach, which is made for entrepreneurs, and I haven’t looked back.

This podcast is all about the coaching process – what it is, how much it is, and what the coaching process looks like (I even get coached!), courtesy of Karyn Lisk from Futurepurposecoaching.com.

IMG- What You Must Know Before Hiring Your First Coach

 

GF¢ Podcast Sponsor

Big thanks to Betterment for being the official sponsor of the GF¢ podcast!  You can learn more how about how Betterment is changing the way you invest here.

Karyn’s Background:

  • Was a massage therapist for 25 years
  • While working, Karyn found that people frequently told her their issues, and she had a knack for helping to find solutions.
  • 15 years ago, this led to working with a lawyer who was going through a coaching program.
  • Karyn agreed to be “coached” as a tester, which inspired her to become a coach herself.

What Exactly is Coaching?

  • Therapy goes into your past. Coaching is about where you want to go in the future.
  • Coaching is as long or as short as you make it, all dependent upon your specific goal(s).
  • Coaches facilitate goal-setting and goal-achieving.
  • There are many different kinds of coaches: life coaches, health coaches, career coaches, financial coaches, mediation coaches, yoga coaches… whatever your niche is, there is a coach for it.
  • Though there are many different niches, the coaching process is the same.

How Does Coaching Work?

  • Hire the coach for a specific reason (grow business, lose weight, become more assertive).
  • Coach will help you set a specific goal.
  • Coach will set up a process by which you can achieve that goal, by explaining how many sessions it will take and what you will need to do.
  • However often you meet (weekly, bi-weekly, monthly, etc), the coach will ask and/or give you questions to help you come up with your own answers.

What to Look For in Hiring a Good Coach

  • Check out the coach’s website. See if their process is something you want.
  • Make sure they aren’t pushy or telling you what to do.
  • Find out what assessments they use, see that they ask the right questions.

Ask:

  • How much experience they have
  • How to work with them
  • How long it will take.

How Much Does Coaching Cost?

  • Group program (similar to Strategic Coach)
  • No specific questions – typically you progress through modules.
  • This can get you started and is more economical and less intimidating.
  • This can run $800-$1,000 for an 8-week course
  • Individual/One-on-one coaching
  • Typically you pay per block of hours, rather than hour-by-hour.
  • For health coaches or other individuals, a typical range is $75-$150/hour
  • For executive coaching, it can be $250-$800/hour
  • Ranges vary widely for individual coaching, and depends on your needs.

 

Click here to subscribe to the “Good Financial Cents” Podcast in iTunes.

Related Posts with Thumbnails

Get the Money Dominating Toolkit

Sign up for free below and get the following:

  • 6 Tools to Get Your Money Back on Track
  • The Ultimate Goal Achiever Workbook
  • 2 Free Chapters to my Best Selling Book
  • 21 Days to Destroy Your Bad Habits Worksheet

Comments | 1 Response

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>