463. Should You Become an Assistant Coach or Own A Business?
The Fitness Business Podcast with Erin Dimond and Jordan Dugger
Erin Dimond and Jordan Dugger
4.9 • 670 Ratings
🗓️ 24 August 2023
⏱️ 13 minutes
🧾️ Download transcript
Summary
This is a question we've been receiving a lot lately and for good reason. There are definitely pro's and con's to both owning your own coaching business and being an intrapreneur in a great company. What I hope none of you experience is the third option many are stuck in that you'll have to listen to find out. I'll breakdown the pro's and con's, ideal pay structure for assistant coaches, and more!
Time Stamps:
(0:26) Welcome Back to…
(0:49) Assistant Coach vs Entrepreneur
(2:26) Defining Entrepreneurship
(3:24) Pro's of Starting Your Own Business
(4:48) Con's of Starting Your Own Business
(6:09) Pro's of Becoming an Assistant Coach
(8:22) The Third Category
(10:35) Ideal Pay Structure for Assistant Coaches
(12:15) Nobody WANTS to Start Their Own Business
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Transcript
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| 0:00.0 | You really like just the person you're becoming along the way because you're going to be met |
| 0:03.6 | with so many edges and so many situations where you feel like, I don't know how to figure this |
| 0:08.2 | out. I'm not qualified to figure this out. Now I need to go take another risk and maybe hire |
| 0:12.3 | someone to figure it out or whatever. If you like that fast-paced growth-oriented lifestyle, |
| 0:18.3 | then those are all pros of entrepreneurship. |
| 0:25.9 | What's up, guys? Welcome back to the fitness podcast. I reported an episode a minute ago, |
| 0:30.2 | and I said, welcome back to flow state of mind podcast. I'm like, whoa, what just happened in my brain? All of a sudden, I was transported back to 2019. And if you've been around since then, |
| 0:36.0 | you know, this used to be called the flow state of mind |
| 0:38.0 | podcast. But today it's not. And today we are talking about a topic. Well, we're talking about |
| 0:44.7 | when to know if you should be an assistant coach or in entrepreneur, the business owner. |
| 0:49.3 | And this has gotten brought up several times from our team because oftentimes we're talking to |
| 0:55.5 | assistant coaches within companies who seek us out within IFCA, probably because they're thinking, |
| 1:00.5 | you know, for some reason, I'd like to own my own business. And we get to talking to these |
| 1:06.0 | prospects and they're doing pretty much everything that the business owner is supposed to be doing. |
| 1:11.2 | So then it becomes kind of a no-brainer. |
| 1:13.6 | Like, you know, why wouldn't you just run your own business? |
| 1:16.5 | But I also talk to other people and assistant coach positions who are in amazing companies. |
| 1:21.5 | And I always say like my dream job when I grow up is to work for IFCA because there are a lot of pros to working for a really |
| 1:29.7 | a great, established, well-ran company. So I just want to, I don't want to throw any bias or |
| 1:36.9 | shade towards either side of this. Obviously, I'm pro-entrepreneurship because I own a company, |
| 1:43.0 | but I honestly think had I not stumbled upon it in a lot of ways, I would pro-entrepreneurship because I own a company, but I honestly think had I not |
| 1:44.3 | stumbled upon it in a lot of ways, I would have loved working inside of a company as an |
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