Life Coach Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Life Coach Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Life Coach business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be available for download after your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready!
- Complete Industry Research
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PDF Format
- Meets SBA Requirements
Given the constant stress of life, many people turn to life coaches in order to help them organize and manage their day-to-day lives. As such, a life coach business has become a popular type of personal services business to launch. These companies have become extremely popular over the past two decades. The barriers to entry for a new life coach business are very low. At this time, there are no requirements as relates to who can be a life coach. As such, anyone can hold themselves out in this capacity. It should be noted that the opportunities for growth for a new life coaching business are somewhat limited given that most people hire the specific individual to help them with their ongoing life management needs. The startup costs associated with starting a new life coach business can be as low as $1000 or as high as $50,000 depending on location, whether an office is going to be developed, whether vehicles are to be acquired, and ongoing marketing and cash flow needs.
If an entrepreneur is looking to raise capital to start a life coach business, then they are going to need to have a very well developed business plan. This business plan, like any other capital raising document, should include a three-year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page that clearly showcases the anticipated revenues, expenses, and expected profits over this period of time. Most banks and lenders are willing to provide a certain level of capital to these companies provided that they have already commenced operations and have an established client base. Within the life coach business plan a well-developed marketing plan should be included. This includes developing ongoing referrals with psychologists, psychiatrists, and social workers that will work with the company in regards to providing its customer base.
Once the business plan and marketing plan have been developed, it is time to develop a life coach SWOT analysis. This document, often done in conjunction with both a marketing plan and business plan, focuses on the strengths, weaknesses, opportunities, and threats that are faced by these businesses. As it relates the strengths, life coaching businesses are able to generate high gross margins from their services and highly recurring revenue once the customer base has been established. As relates to weaknesses, there is very little oversight as the how these companies operate. Anyone can hold themselves out as a life coach and provide the services to the general public. As such, their ongoing competitive issues among individuals at one operate as life coaches. For opportunities, this is also one of the weaknesses given that there are not many avenues for growth from many life coach businesses. These companies heavily depend on their owner operator to provide services to individuals that need life management services. For threats, it is possible that state governments may implement a licensing procedure for people that are holding themselves out as life coaches and a rendering specific types of services. In some states, these individuals may be viewed as mental health professionals in some capacities – and as such – there may be some limited amount of formal training that may be needed. However, at this time there are no pending pieces of legislation or regulation that would impact the way that these companies conduct business.
In many respects, a life coaching business operates in a very similar capacity to that of a consulting firm. These businesses heavily depend on the individual rendering services and how the capable they are assisting individuals with addressing certain life important issues on an ongoing basis. These businesses can be highly lucrative in selected markets allow an individual to charge anywhere from $75 to $200 per hour for the services. It is important to note that these businesses generally do well in large cities that have a wealthier population base.