5 ways to GROW your coaching business in 2023 | Summary and Q&A

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December 1, 2022
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Mindvalley Coach
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5 ways to GROW your coaching business in 2023

TL;DR

Learn five key principles that will help you grow your business in 2023 by focusing on your social structure, finding clarity and confidence, following pain and money, increasing your prices incrementally, and asking why instead of how.

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Questions & Answers

Q: How does nurturing your social structure contribute to growing your business in 2023?

Nurturing your social structure, including your environment and relationships, plays a critical role in your energy levels and overall success. By setting up a positive environment and surrounding yourself with the right people and things, you can ensure that you have the energy and support necessary to thrive in your business endeavors. This positive energy and support will help fuel your motivation, creativity, and productivity, ultimately leading to business growth in 2023.

Q: Why is it important to develop confidence as a skill rather than relying on it as a feeling?

Developing confidence as a skill is crucial because relying on confidence as a feeling can be unreliable and fluctuating. When confidence is treated as a skill, you understand that it is something that can be honed and developed over time with practice and experience. By focusing on developing confidence in imperfect action and continuously improving your skills, you can consistently perform at your best and achieve success in your coaching business. This consistent confidence will contribute to your business growth in 2023.

Q: How can following pain and money contribute to business growth in 2023?

Following pain and money involves identifying organizations and companies with real pain points and financial ability to invest in solving those pain points. By offering your services to these organizations, you can provide solutions to their problems, helping them overcome challenges and achieve their goals. This not only benefits the organizations but also contributes to your business growth as you establish yourself as a trusted and valuable resource in your industry. By targeting organizations with real pain points and financial resources, you increase your chances of securing clients and driving business growth in 2023.

Q: Why is implementing the 10% rule important for pricing strategies in 2023?

The 10% rule suggests increasing your prices by 10% each time enrollment becomes too easy. This is crucial because it helps maintain a balance between your value proposition and pricing. If your prices are too low compared to the value you provide, it becomes easier for potential clients to say yes to your offers, but it may not accurately reflect the true worth of your offerings. By gradually increasing your prices, you build confidence in your pricing and ensure that you are appropriately compensated for the value you deliver. This systematic price adjustment strategy promotes business growth in 2023 by maximizing your earnings without compromising on value.

Q: How does playing the why game contribute to business growth in 2023?

Playing the why game involves asking why instead of how to tap into infinite potential and challenge your existing identity. By asking why, you shift your focus from specific steps or strategies to the broader perspective of why something is happening or should happen. This allows you to access your subconscious mind and activate your spirituality, enabling you to envision and manifest the outcomes you desire for your business in 2023. By exploring the reasons behind your goals and aligning with a new, empowered identity, you set the stage for business growth and success.

Summary & Key Takeaways

  • Principle 1: Nurture your social structure by setting up your environment for success, surrounded by the right people, things, and structures.

  • Principle 2: Find clarity and confidence in your coaching career by focusing on the present moment and developing confidence as a skill rather than relying on it as a feeling.

  • Principle 3: Follow pain and money by identifying organizations and companies with real pain points and the financial ability to invest in solving those pain points.

  • Principle 4: Implement the 10% rule, gradually increasing your prices by 10% each time enrollment becomes too easy, to build confidence in your pricing and ensure a balance between value proposition and pricing.

  • Principle 5: Play the why game, asking why instead of how, to tap into infinite potential and challenge your identity, envisioning the outcomes you want and manifesting them in your life.

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