Are you a relatively new divorce coach and wondering when the money going to start coming in? How long does it really take to start making a living at this? In this week's episode, Tracy and Debra give you the unvarnished truth about what (and how long) it really takes to get a successful divorce coaching practice up and going.
As a solopreneur, how do you know what's normal? If you look at Instagram and TikTok, it might seem like every coach is making $10k a month within their first 90 days. We're here to tell you that's a bunch of BS. It's not you - you are not failing.
Realistically, a new business venture takes 18-24 months to get to the point where it is profitable enough to be paying your (reasonable) monthly bills. And that's if you're putting in a significant amount of effort. If you're pursuing it as a side gig, extend that timeline quite a bit.
And, remember, you're not just starting a new business, you're starting a new business in a new profession. If you say you're a carpenter, everyone understands what you do. A divorce coach? Not so much. Check out our episode You're a What? How to Effectively Describe What You Do As a Divorce Coach for some tips on how to talk about our profession.
Business planning is critical. What timeframe have you allowed yourself? What income targets have you set? Are you targets reasonable - have you considered taxes and expenses? Are you having enough conversations?
Pro bono coaching is awesome - we love that you're doing that. I's a great way to get experience and put some raving fans out there in the world. But when is it time to move them into paid status? Resist imposter syndrome and the temptation to undervalue yourself. And finally, throwing more money at other "experts" like business and social media coaches who don't know our niche isn't likely to accelerate this business building process - it's just going to leave you with the same frustrations and less money in the bank.
We believe in you and your ability to achieve financial success divorce coach. We can help.
You can learn more about DCA™ or find out about any of the classes or events mentioned in this episode at the links below: