Building a Coaching Business - Assessment of the Probability of Coaching Business Success

After spending many years looking at the reasonsreasons.
small businesses fail (about 90% will fail within 5 years),- You don't know how many leads any specific
and the reasons that coaches fail (about 90% will failmarketing activity delivers consistently every week.
within months), I can clearly see a couple of key things- You don't know how much of any marketing activity
that, when not there will almost guarantee failure, andis necessary to deliver your target revenue each and
when there, will just start you in the right direction.every week.
So, here are two key questions:- You don't have a marketing plan that delivers exactly
Do you know how many leads, or sales calls, that youthe number of leads needed every week.
MUST deliver each and every week to take you to- You don't know how many closed sales out of
the number of dollars of revenue you want for theevery 10 that you do.
year?- You don't have a sales plan that delivers exactly the
Do you know exactly how many of any marketingnumber of sales each and every week that is needed
activity is necessary to deliver EXACTLY the revenueto hit your revenue target.
you WANT this year?- You don't know what a client is worth to you.
If you CAN answer these questions you just mightIf you don't know one or more of those numbers, or
make it....that's survival. There are other questions todon't have a marketing plan based on measurable
ask to determine how likely you are to make it, andresults, and a sales plan based on measurable results
answers that can give you super growth.for each week, then you are just "waiting for
If you can't answer, I'll give you less than a 10% chancewhatever happens to happen" instead of having a plan
of survival since you don't know what it takes to reachfor the deliverables in marketing, sales, and coaching
your targeted revenue, assuming you have targetedresults, each and every week. So, how will you ever
revenue for the year.get there....not likely anyway.
If you don't know the answer here's some of the likely