DISCLAIMER:
These are general pricing examples that we have found while coaching.
For our current 1-on-1 coaching rates, please email: jessie@mybusinessonpurpose.com
For our current online membership rate, visit BOProadmap.com

HOW MUCH DOES BUSINESS COACHING COST?

One of the first questions business owners want to know when they call our company is: How much does business coaching cost?
Although this is a very difficult question to answer, I will try to do my best here to explain some general time and pricing guidelines. Also, I will answer the biggest elephant in the business coaching room, “How do you measure Return On Investment (ROI) for business coaching?”
You must determine the cost of business coaching in at least two measures: time and money. Later on, I’ll discuss other elements of ROI (Return On Investment) that are also important.

Time Costs
As you evaluate coaching, you need to find out how much time you should reasonably expect to “buy back” into your life for those things that matter most. The time costs are actually more important than the money costs.
Time is the only non-renewable resource, so spending small percentages of time and money now should be able to provide you with larger percentages of time and money later.
To implement good business coaching, you are going to need to spend a minimum of 2-5 hours per week with no distraction working on your business articulating and casting vision, mission, values, while capturing and implementing systems and processes.
We have found that an investment of 2-5 hours per week over 1-3 years can offer a business owner exponential return on both time and money investment.
There is absolutely no quick-fix option. Business coaching and implementation is just like planting a tree; care taken in the short run will lead to predictable fruit in the long run.
If you take two hours to train someone else on a daily 5-minute task, that one task will save you over 20 hours every year…forever. The math is amazing; two hours invested for a 20+ hour return year after year.

Money Costs
Continue reading this article for more details regarding the monetary cost of business coaching, but for you drivers who just need the bullet points, here you go.
You should look to budget between 1%-3% of real revenue (total revenue minus cost of goods sold…again I drill down on this later in this article) into ongoing business coaching.
Here is a general range for various coaching engagements:
Do-It-Yourself coaching where the coach has built a system that you follow such as digital course delivery with specified roadmaps will range between $150 to $300 per month
Investment range: $1,800 to $3,600
Do-It-With-Us-And-Others coaching where you are a part of group coaching with along with access to a specific coach will range between $1,000 and $2,500 per month
Investment range: $12,000 to $30,000 per year
Do-It-With-Us-Exclusively coaching partnering you directly in a 1-on-1 relationship with a coach will range from $2,500 to $5,000 per month
Investment range: $30,000 to $60,000 per year
Do-It-For-Us coaching where we bring a coaching team on-site for multiple days upfront to build out your systems followed by a repetitious, long-term series of implementation and accountability will range from $75,000 to $150,000 for the engagement.
Investment range: $75,000 to $150,000 per engagement
The investment in healthy business coaching that leads to demonstrable results is much like choosing a University to attend or a home to buy. You can spend as much or as little as you wish. Much of your decision is filtered through your specific dreams, ambitions, and desired results. With so many options available, price ranges can vary, drastically.
You’re going to be connected to your business every day for as long as you own it, and selecting the right coach and the right coaching system the first time is critical to ensure cash profitability, longevity, and a business you own rather than a business that owns you! Because of this, most business owners elect to hire a business coach that will push them in the short run, so they can build a healthy, sellable business in the long run.
Unfortunately, some people only focus on the initial investment of business coaching with the goal of finding the cheapest coach, therefore sacrificing clarity, effort, vision, and their own values which inevitably leads to regret – especially since it is usually more difficult to sell a business than it is a home…

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business coaching, entrepreneur coach, launch an online course, sell online courses, digital courses, pricing


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