March 21, 2025

Breaking Financial Barriers: Expanding Your Coaching Income Potential

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Are you limiting your coaching business potential by focusing too narrowly on client numbers? This episode revolutionizes how coaches should approach financial goal-setting by shifting focus from client acquisition metrics to income-based targets with open-ended achievement paths.

We dive deep into the psychology behind successful financial goal setting, revealing why the most prosperous coaches program their brains to remain receptive to multiple avenues for success. "When you program your brain to be open to any way of making your financial goals happen, you'll be presented with opportunities you never imagined possible," we explain, sharing real-world examples of how this mindset shift creates breakthrough results.

The conversation explores practical tactics for implementing this approach, emphasizing the critical role mentors and communities play in helping coaches recognize opportunities beyond their current awareness. We provide actionable strategies for asking better questions that uncover multiple revenue streams, sharing our personal journey of discovering that teaching other coaches our methodologies offered greater impact and income potential than focusing exclusively on direct client work. By combining mindset adjustments with tactical accountability measures, you'll discover how to create financial outcomes that exceed your initial vision while making the impact you truly desire in your coaching business.

Ready to transform your coaching business with these powerful financial goal-setting strategies? Book your free coaching call today using the link below and discover how to align your business with both your financial goals and deeper purpose.

Want a personalized strategy session for free? Book a free call with Marc or Teresa: https://www.modernleadership.us/apply

Whether you're going through a challenge, or working on a powerful goal, join Marc or Teresa for a 20-minute strategy session and leave the call with a plan to make it happen!


Chapters

00:00 - Setting Income-Based Goals

01:17 - Free Coaching Call Offer

02:30 - Tactics and Accountability

03:35 - Opening Your Mind to New Opportunities

04:23 - Creating Financial Success Through Community

Transcript
WEBVTT

00:00:00.261 --> 00:00:01.262
Okay, so how do you?

00:00:01.403 --> 00:00:04.591
set and achieve financial goals for your coaching business.

00:00:05.000 --> 00:00:09.503
Yeah, this is a really great question, so let's hit it up with tactics, mindset and accountability, like we always do here.

00:00:09.503 --> 00:00:16.800
So, when it comes to setting goals, I know one of the things that we've been talking a lot about in the Coach Accelerator is setting a goal based off of what you really want.

00:00:16.800 --> 00:00:27.475
And so, especially when it comes to coaching, like, you don't want to just set a goal related to, like, the number of clients that you want to help, because you're kind of closing the door for any opportunities outside of just the direct clients that you could get, right.

00:00:27.475 --> 00:00:36.509
So I like to set a goal related to an income goal and then have a specific date that's assigned to it, and then I start thinking about what are all the ways that I can hit my goal right.

00:00:36.509 --> 00:00:52.109
And the great thing is is that when you program in your brain like, hey, this is my goal and I'm open to any way of making that happen, and you start taking actions towards, maybe, the way that you think it's going to happen, you'll actually be presented with so many opportunities that you had no idea were going to be present, but because your brain was open to it.

00:00:52.109 --> 00:00:52.511
Right?

00:00:52.780 --> 00:00:58.722
I remember coaching a client who was struggling with this because they were focused on getting a certain number of people in their current program.

00:00:58.722 --> 00:01:02.326
But their current program isn't going to get them really to what they wanted.

00:01:02.326 --> 00:01:09.421
And if you're pigeonholing yourself where you can't actually create that in, the numbers won't work out to actually create what you want.

00:01:09.421 --> 00:01:11.126
You're kind of keeping yourself stuck.

00:01:11.126 --> 00:01:20.082
So that's the first piece is like understanding that there is some mindset and tactics behind how you set those goals, but really being open to a different way of getting it done.

00:01:20.082 --> 00:01:23.805
Because, like you always say, like the way that you think it's going to happen is never the way that it happens.

00:01:23.805 --> 00:01:28.750
But as long as you're really focused on that vision of where you want to be, the opportunities will present themselves.

00:01:29.049 --> 00:01:37.816
Yeah, I really like that because it really focuses on keeping an open mind and not letting yourself just go on one narrow path.

00:01:37.816 --> 00:01:56.245
It like really helps you open up and really find other opportunities, and that will actually create more momentum because, like you said, it's not going to look like how you planned it, and that's a good thing, because all these other opportunities are gonna pop up and you're gonna have the ability to see those things come up.

00:01:56.305 --> 00:01:57.228
Yeah, 100%.

00:01:57.228 --> 00:02:04.403
As a coach, you're already making a difference in the world, but what if you could take your confidence and the results of your clients to a new height?

00:02:04.403 --> 00:02:10.193
If you're looking to fine-tune your feedback and guidance for even more client success, I'm here to help.

00:02:10.193 --> 00:02:19.400
During a free coaching call, we'll uncover new strategies to align your business with your values, increase your confidence and help your clients achieve even more.

00:02:19.400 --> 00:02:22.126
Let's set you up for continued success and growth.

00:02:22.126 --> 00:02:23.508
Book your free call today.

00:02:23.508 --> 00:02:24.592
The link is below.

00:02:24.592 --> 00:02:26.115
Thank you for being willing to lean in.

00:02:26.115 --> 00:02:27.117
Let's set you up for continued success and growth.

00:02:27.117 --> 00:02:27.639
Book your free call today.

00:02:27.639 --> 00:02:28.000
The link is below.

00:02:28.000 --> 00:02:29.645
Thank you for being willing to lean in.

00:02:29.611 --> 00:02:30.199
Let's get right back into the show Now.

00:02:30.199 --> 00:02:42.132
Let's get into the tactics and the accountability, because I feel like these are kind of like interchanged, the tactics being making sure that you're asking yourself the right questions to help you identify what you really want and then making sure the numbers actually work with what you're trying to do right.

00:02:42.132 --> 00:02:51.367
So one of the ways we do this is we not only have mentors and people who are a few steps ahead of us, but maybe people can ask us questions to see things that maybe we don't even know exist.

00:02:51.367 --> 00:03:05.044
Right, because when we think about when we approach our business, when we approach coaching and we're going based off of the things we already know, we kind of handcuff ourselves once again if we don't have whether it's people, a group, a mentor, somebody a few steps ahead to go.

00:03:05.044 --> 00:03:05.564
You know what?

00:03:05.564 --> 00:03:06.365
Have you considered this?

00:03:06.365 --> 00:03:08.887
Because then that really opens the door for us.

00:03:08.887 --> 00:03:20.134
So when I think about, like, the tactics and the accountability kind of getting yourself to do it, it's making sure that you can ask yourself the right questions to become aware of maybe some ways that you could make money, that you could increase your income.

00:03:20.134 --> 00:03:23.016
Maybe that's not directly related to what you initially thought.

00:03:23.317 --> 00:03:24.078
So let me give you an example.

00:03:24.078 --> 00:03:36.906
I know you know this, but, having been in the space of coaching people, right, we've coached people in so many different avenues, so many different respects, like business leadership, executives, people around their health and fitness, doctors, like all of these different people.

00:03:36.906 --> 00:03:40.490
Right, if we had never been open to taking a step back and going?

00:03:40.490 --> 00:03:49.022
Well, since we've had all of this experience for 12 years of coaching these people and helping people achieve success in all of these areas, what if we actually started teaching other coaches how to do this.

00:03:49.022 --> 00:03:55.276
And if we had been limited to oh, we've got to get a certain number of people in our program, we would have never been able to see that right.

00:03:55.276 --> 00:04:02.030
We wouldn't have been able to make the impact and the income that we're making right now be able to retire, do all those great things if we hadn't been open to it.

00:04:02.450 --> 00:04:07.466
So that's why making sure that you have that mindset of like you know what, there's a way of achieving this.

00:04:07.466 --> 00:04:10.764
As long as I know what I truly want, I'm going to be able to figure it out Right.

00:04:10.764 --> 00:04:18.141
And then having somebody obviously we had a lot of different mentors that we could reach out to and have conversations with, and they can show us some of the past that maybe we didn't know.

00:04:18.141 --> 00:04:23.408
And then, being a part of a community, get us show up to take action and really ultimately achieve those goals.

00:04:23.408 --> 00:04:31.353
So those are the three things that I would say is really imperative when it comes to creating the financial goals for your coaching business and really making the impact you truly want.