So, you’re ready for coaching!
This is exciting news, and you’re definitely in the right place.
As you look to take your yoga business to the next level, you might have questions like:
- When is the right time to do it?
- When do you reach out?
- How can you allow someone else into the business that you’ve created?
Ready to hire a Yoga Business Coach? Schedule your free strategy session with the Yogapreneur Collective today!
When you’ve built something all on your own, like the badass Yogapreneur that you are, it can be difficult to take advice from someone else. After all, you know your business a hell of a lot better than any outsider.
But the valuable experience a Yoga Business Coach can bring to the table makes all of the difference. So, when do you bring them on board?
The short answer: Any time that you’re working on your business. It’s all about the scale at which you’re participating with them that changes.
How often should you use your Yoga Business Coach?
A Yoga Business Coach can be turned to for advice whenever you need them. Remember, they’re rooting for you, there to support you whenever your business requires them. Think of using a Yoga Business Coach during all of the pivotal moments in your business’s lifetime. Here are a few examples:
Writing a business plan
While you’re in the process of writing your business plan, having a Yoga Business Coach with experience to guide you in the right direction will always be a good idea. If you get started on the wrong foot, it’s hard to make a recovery. If you start your business on the right foot, you will experience greater growth in far less time.
Lean on the knowledge and experience that your Yoga Business Coach has to make your business successful right from the start.
As you’re planning your business, you might need the advice of your Yoga Business Coach about once a month, just to run your ideas by them and get their valuable insight.
A few months from opening
When you’re getting your business set up, and you’re just a few months from opening your doors, you may need to lean on your Yoga Business Coach a little more heavily. This is one of the most stressful times in a business owner’s life, so getting regular direction will serve you well.
It’s very likely you’ll need your Yoga Business Coach a little more during these times, even as much as once a week. Knowing that the opening of your business is going to go smoothly makes it all worthwhile.
When your business plateaus
When you’re not growing it can sometimes feel like you’re taking steps backward. As a Yogapreneur, you may have some ideas on how to keep growing, but more importantly, your coach will look at the current state of your business, help you set goals for where you want your business to go, and give you the strategies to make it happen (including action items and things to delegate to the team to really check tasks off your list).
As an owner are often too close to your business. You are in the habit of doing something a certain way, which can hold you back from seeing the next steps to create growth. A coach has a larger perspective from working with other studios and seeing what works and what doesn’t.
A Yoga Business Coach helps you define your big hairy goals, like increasing new students or increasing profits, and will help you create a plan with clear action steps so it doesn’t feel so overwhelming. Having a coach to lean on means you don’t have to figure it out all alone.
When you’re trying to come up with new ideas and implement new business strategies, you’ll probably need to consult with your Yoga Business Coach about twice a month. Once you have implemented the strategies that your coach teaches you and you’re seeing growth, you may want to reduce it to once a month.
You’re not profitable
If your business has been running for a couple of years, but it’s still not profitable, you’ve hit an emergency state! You need to start working very closely with your Yoga Business Coach to get you out of the red zone and into the green.
It depends just how much of an emergency it is, as to how often you’ll see your Yoga Business Coach – but preferably at least once a week until your business has become a profitable one.
Hiring a Yoga Business Coach throughout different business phases
Who needs a Yoga Business Coach? Everyone.
Yoga Business Coaches are most effective when working with you throughout various stages of your business growth. They will be able to anticipate plateaus, help you gain profits, and will know your business inside and out.
Here are a few of the stages that you should consider on-boarding a Yoga Business Coach.
- When you’re opening your yoga business
- When you’ve hit a plateau
- When you’re planning for growth
- When you’re planning your exit strategy
- When you’re burnt out or losing your enthusiasm
- When you long for a vacation but see no way to take one
- When you or your studio’s finances are not balanced
Basically, every stop along the way.
When you need the help of a Yoga Business Coach
As you can see, a Yoga Business Coach can help you out at every stage in your yogapreneurial journey.
But there are some cases where you may need immediate assistance. If you aren’t already working with a Yoga Business Coach, then it’s important to get started with one right away.
Here are a few examples of when you definitely need to be working with a Yoga Business Coach:
- When you’ve spent $1k on Ads and didn’t see any increase in traffic through your door. This means that your ad targeting is all wrong, and you’ve essentially been throwing money down the drain. Don’t risk doing it again. Instead, speak to a person you can trust, and who knows what they’re doing when it comes to yoga business marketing.
- When you’re writing a business plan, but can’t seem to get your numbers together to get a bank loan. This is an incredibly difficult situation, especially when you’re new to the business, and making predictions can feel almost impossible. Guess what? Yoga Business Coaches have been through this all before, so asking for their help will speed up the process exponentially.
- If you’re working 60 hours a week or more just to make sure that your yoga studio is running smoothly, while taking home a salary that amounts to less than what you pay your teachers, then you NEED help! And you need it now!
You didn’t open your yoga studio to work your life away and not see the rewards. A Yoga Business Coach can help move your business into a place where you can work fewer hours, and take home a better salary.
The final straw
A Yoga Business Coach is the best investment you can make in your business. They will save you from pulling your hair out, trying marketing tactics that don’t work, and losing the fun in your business.
Therefore, ask for help before you need to.
Stick to your yogic values and practice business alongside the guidance of a coach.
So when should you hire a Yoga Business Coach? The answer is now.