#143: How to Escape the Hourly Rate Trap as a Coach

Business Made Simple with Donald Miller

Business Made Simple

Entrepreneurship, Businessmadesimple, Marketing, 474622, Storybrand, Brand, Bms, Business, Story, Bmsu, Storytelling

4.8 • 2K Ratings

🗓️ 9 October 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Pre-order Coach Builder, Donald Miller's new book, at CoachBuilderBook.com/Podcast and transform your expertise into a lucrative consulting career. If you pre-order right now at CoachBuilderBook.com/Podcast, you'll unlock amazing bonues like the 90-minute audio summary of the book so you can jump start your coaching career immediately!

It's a common struggle for coaches—being tethered to an hourly rate, feeling undervalued, and unable to scale their business. The traditional model of trading time for money limits income potential and growth. So how do you transform your expertise into a sustainable, profitable business without being confined by the clock?

In today's episode, host Donald Miller shares a new perspective pulled right out of his newest book, Coach Builder, offering coaches a lifeline out of this trap. He introduces actionable strategies to diversify income streams, optimize value delivery, and take your coaching practice to new heights. Listen to get the tools and guidance you need to grow and scale your coaching business today!

IF YOU'RE SERIOUS ABOUT IMPLEMENTING A PLAN TO GROW YOUR BUSINESS AND REVENUE, FLIGHT SCHOOL IS FOR YOU! JOIN NOW: SmallBusinessFlightSchool.com.

SUBMIT FOR YOUR CHANCE TO GET COACHED ON THE PODCAST: BusinessMadeSimple.com/Podcast

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0:00.0	You know you're not getting a promotion anytime soon and you know that even if you did,
0:04.4	it would come with a 10% raise and you wouldn't be satisfied. Maybe it's time to start coaching.
0:12.8	Welcome to the business made simple podcast brought to you by the HubSpot podcast network. I
0:16.6	am your host Donald Miller. Have you ever wondered if you have enough expertise to actually
0:22.0	launch your own coaching business? Some of you right now you just heard me say that and 10 years
0:29.2	you will look back on the moment you just had literally eight seconds ago, nine seconds ago,
0:33.2	10 seconds ago, and you will realize that's when the seed was planted that launched a career for you
0:39.2	and that career would be in coaching and here's what I mean. If you have been in business or for
0:44.0	that matter just about anything else, I mean dog walking, dog grooming, parenting, gardening,
0:49.7	if you have expertise in something, do you think it is possible for you to leverage that
0:55.4	expertise in charge to coach people on how to do what you have learned to do? By the time you
1:01.9	are done with this episode, you are going to really understand what it takes to leverage your
1:08.8	expertise into an extremely profitable coaching business.
1:18.6	The fourth quarter is upon us. It's time to hit your revenue targets, finish strong,
1:23.8	and win Q4, but before you can win Q4, you have to close deals. Before you can close deals,
1:30.3	you have to fill your pipeline and nurture prospects and to do all of that, you need
1:36.0	easy to use all in one sales software like HubSpot Sales Hub. It's where sales teams can prospect
1:42.0	smarter, grow revenue faster, and mine deeper customer insights. Sales Hub's all new prospecting
1:48.4	workspace gives your sales reps a single cohesive view of their work so they can focus on what
1:53.7	really matters, building relationships with customers, and with a new deal management tool,
1:59.6	reps can easily categorize and prioritize deals so they can identify ways to accelerate revenue
2:05.1	growth. It's smart software for smart sales teams who want to close the years strong. Win the fourth
	...

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