Get Real! Is Money Your Blind Spot?

 Are you the type of personality who admits that you might have a blind spot when it comes to money?  Don't ignore this topic, as it could could cost you clients and more income!

Bias or blind spots prevent you from seeing income issues clearly, so your potentially biggest money issue is one you don’t even see.

The signs and symptoms that you have a blind spot are...

1. You don’t seem to make any progress.  For example, if you are always short of money, want to work on it, then you just work harder. The effort does not equal the return, and you cannot see that your effort garners zilch.

2. You want to understand why.  You attend seminars, take classes, and read about why you have issues with money. You follow instructions, write out the steps and have all the best intentions. Yet, taking action seems overwhelming.

3. Your intuitive sense nags at you. You absolutely know that something is amiss. So you search, read, journal, trying to be self-aware and discover the block insider of you. Unfortunately, blind spots are patterns you cannot see. Dig as you may, your cognition is programmed to looks everywhere, but you will not see it. This is why people help with the "identification" process first. Then do the inner work to move through it.

4. You tell people that you know the answer or tell a white lie about it. You don't want to lose face in front of friends. You attended the seminar and you read the book, and the energy of the group uplifted you. EUREKA! You got a glimpse of the blind spot. Now you know. In your innocence, you believe that knowing the blind spot will change that pattern burned into your memory. Unfortunately, that won't happen.

5. You defend yourself.  If you find yourself defending your income or money issues, ask yourself why. Why you have to defend against it brings to the surface the emotional patterns associated with money for you.  Your emotional patterns are not the events of the everyday world like your client didn't pay you yet, or you are transferring money from one account to another. Your defensive behavior is often an illogical excuse like "How can she mortgage her house for that program." Or "I wouldn't take money from my family for me?"

6.You really value what you defend! You must value money very highly if you defend it. What it represents for you would safety, security, creativity, success, and....you actually value it very highly, but don’t realize how important money is to you personally and professionally. Th blind spot is below the awareness level is you are reacting to it. Voila! This is the answer to the blind spot question: what am I defending? why do I need to defend it? What do I value so highly that I defend it?

Please don't ignore the blind spot issues. Being aware and noticing...granting self-permission to see and know...even saying, I am willing to see...brings unstoppable confidence and earning capacity!

 

 

 

 

 

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3. Who Is A Certified Parent Coach?

 A Parent Coach Is

Like a mentor who wears different hats – advocate, teacher, listener, questioner. Yet, the certified parent coach has a primary role  as supporter and connector for parents who want assistance, help, expertise, empowerment, or confidence. The mottos of the Academy for Coaching Parents International also serve as the first two goals of parenting coaching

  1. to empower and sustain loving relationships

     2. to make a difference.

The first thing a coach does is establish a mutual respectful relationship with the client, who may be a parent, grandparent, caregiver or anyone who has hired a coach to help them better parent or serve as a more effective guardian or caregiver to children.

Parent coaches assist, help, inform, inspire, and educate.

They provide clarity, reflection, and reality checks for parental illusion, and support a parent's intuition.

They are responsive and responsible as they provide frameworks and structures for conversations around sensitive issues.

A parent coach may serve as a coach for a parent’s personal confidence or is involved with family relationships and parent/child issues.  A parent coach is a mentor, not a doctor, therapist, or counselor.  A certified parenting coach is a friendly or warm-hearted person a parent can call with everyday problems.  A coach provides encouragement and expertise, coaching and challenges.

Thriving As A Person And A Coach

Most of those who go into fields like coaching and psychology understand that to be a successful person, you have to have success in your personal life as well as business.  Success is not always about money, but also about finding a balance between family and business.

When you work out of your house, if you don’t set perimeters around your business life, your work can take over your home and family life. Whether you are single and childless or married with children, carve out a personal life for yourself beyond coaching in order to have a life of balance and joy. If you overload yourself, you will not get satisfaction from either one.

Do you want your life to look like this?

You’re going to your son’s soccer game at four, but you need to be home by five-thirty to take a client call, so you have to arrange for your son’s ride home. You can’t concentrate on the soccer game anyway because you need to prepare for your client’s call. You have a splitting headache because you feel torn between the game and your client. Later, your family goes out to supper because there’s not enough time to cook. After dinner, you go grocery shopping.  BY nine p.m., you are exhausted.

You actually hate driving up to your own house because it is like driving up to a pile of unfinished work – home is never a place to relax anymore. You are not making much money because you are going out to restaurants and hiring babysitters all the time. You took up coaching because it was work you could do at home when your kids were little, but instead you are constantly yelling at them to leave you alone, be quiet while you’re on the phone, and stay away from your room. Your spouse is upset and puzzled by your constant irritability.

That doesn’t sound like much fun does it? It can be someone’s reality and it is the number one reason why home businesses can fail. So don’t let it become your reality. Let’s devise a better vision!

You love working at home from the convenience of your home office, which is really a comfortable den, but one corner is yours and holds your computer, your dedicated business line, and your desk. You keep pictures, candles, music CDs and plants around your corner to feed your comfort.

You schedule your client calls at one time during the day for a four-hour block of time when the kids are in school, with dad, in day care, or otherwise occupied. You hold this time sacred so that you can be present with your clients. They pay you $100 per hour for your time, and you believe in service: listening, suggesting, confronting, sensing. You are finally being paid for doing what you love: networking, talking, sharing heart, educating and helping people lead better lives.

You love people, and people love you. This shows up in the mutual respect you and your clients have for each other and in client referrals. You have more clients than you schedule, and put their names on a waiting list. The waiting list represents clients who would wait for the time to see you, but you are content right now. You have the income you desire and the time you want to be with yourself and your family.

You will grow your business when you are ready!

Put A Fence Around Your Personal Life

Before you take your first client, you have to design the perimeters of your business. There are practical steps that will put boundaries between your personal life your business.

  • First, have a separate phone line for your busine
  • Second, make a separate room in your house for your busine Your room should be relatively soundproof and away from the family living area.
  • If possible, enclose your space and have a door you can shut. That closed door will be a signal to your family not to interrupt you.

Some people have solved the “home business” problem by building a workspace that is on their property but separate from their residence. Charles Schultz, creator of the Charley Brown cartoons, used to walk about twenty feet from his home to his studio every day.  There are homes with separate guesthouses or “Mother-in-law” quarters that convert into great home offices, provide the privacy, and give the atmosphere needed for work.

Some people simply cannot work at home because of all the interruptions.  In this case, it may be best to rent office space. Many coaches rent office space for only a few hours a week to accommodate clients who prefer meeting in person. Or, you may be a coach who provides in-home visits, or you may work from phone calls only.

 

Are you ready to take your passion for having an impact on this world to the next level?

By Being a Parent Coach, you can follow your passion and be financially successful at the same time. Take a minute and look at our coaching certifications

Parent-Family Coaching Programs

Dr. Caron Goode

Dr. Caron Goode

Founder--Academy for Coaching Parents International

Steps to Business Planning for Ultimate Success

Do you need to start business planning or take a second look at the steps to success? As a supportive coach or helping professional in business, planning your success requires a clear action plan.

Reasons and Mindset for Thorough Planning

  1. You will hold yourself accountable, which is the flourishing mindset.
  2. You will define the steps to the destination.
  3. You will complete each step or goal and track your progress so you reinforce your enthusiasm and get the resources you need.

 

Determine Goals Through Visualization

Where will you begin? Start at the result as opposed to the first planning stage. Close your eyes and imagine where you want your business to be in five years? You are assuming that the business is wildly successful and you have the income you desire and more.Then, answer the following questions to fill in the content of your business plan. 

  • How many and what kind of income streams have you developed?
  • How much income did the business achieve the first year? The third year? The fifth-year?
  • To how many clients have you sold products, services, or training? What is the overall sum of products or services sold?
  • What kind of training(s) have you designed? How many courses do you offer? How have you priced these?
  • How do you personally interact, coach or advise your customers? How much time does that take in one given week of your schedule?

This phase is complete when you have defined what you want to achieve and how it will be done. You have established the basics. Next, determine what products or services to set up to be ready to market your website or product.

For example, if you are creating an ebook, what are the steps to its creation, writing proofreading, and setting up for sales?

  1. Define topic.
  2. Establish the context of the topic.
  3. Research content and create an outline of the ebook.
  4. Complete the writing and formatting.
  5. Find and insert images or types of graphics

The ebook is a good example of your steps to complete any product or service. You follow these steps once you establish any new product and its timeline for completion. Set aside a section of time each day or week and make sure you complete your tasks. If this means setting up a blog on Monday and then writing an article per day the rest of the week, then commit to getting that done.

 

Implement Your First Marketing Campaign

If you have your site or product set up and ready to promote, the next step is marketing. Get the word out about your great offer. Even if you don’t think your product or site is perfect, don’t worry about it. You’ll probably be tweaking and editing it over time anyway.

Just as you would with a product, plan each step you will follow to instigate your marketing campaign. Be specific about the tasks, responsibilities, and deadlines. For example, if you want to promote your info product, you might need to

  1. Create a free offer,
  2. Connect with joint venture partners,
  3. Write or purchase your sales page copy,
  4. Get the word out in relevant forums,
  5. Follow through on any  tasks that are crucial to the marketing strategy

Don’t forget to also put your measures in place. Hopefully, you identified how you’ll measure your campaign’s success when you created your marketing plan. If not, figure them out now and keep track on a regular basis so you can tweak your tactics as needed.

For example, if you have more than one giveaway to offer to get people on an email list, check the sign-ups and conversion rates on each one on a daily basis. If one is converting higher than the other, try to figure out why. Then rinse and repeat.

Additional Marketing Strategies

When do you know it’s time to add more marketing strategies to the mix? The marketing is based on the results you are already achieving, along with your timeline and budget constraints. If you are already having great success with one strategy, such as joint ventures,  stick with that. If you have extra time on your hands, then go right ahead and start implementing another promotional effort in your arsenal.

At this point in your planning, You should have identified about three strategies when you created your marketing plan. One strategy could include a free giveaway for which people sign up and are added to your email list? Another strategy could be a series of emails that you send to your subscribers about an informative blog article like this one. A third strategy could include other offers like listening to a podcast, selecting clients to interview, or promoting through Facebook ads.

The broader the mix of marketing strategies you have, the more complicated your business will become. Make sure you map out each of your strategies step-by-step to keep track of them. If feasible, outsource as much as possible. If you want to keep your business simple, you’ll have to focus on whichever strategy produces the best results. Leave the rest for marketers who don’t mind a little extra complication in their lives.

You can guarantee the success of your business and marketing plans by putting in place and following detailed action plans. This is where many people fail. They don't get success immediately and decide to try something else. Stick with your plan, reap the rewards, rinse and repeat for ultimate success.

Coaches’ Income Streams

Coaches's income streams takes planning premium content in varied formats and specific marketing sources to insure that you meet your income goals.

Setting Realistic Goals for Multiple Income Streams

Coaches are interpersonal helpers and need emotional and financial security. Most coaches I've met are not financially savvy people, but willing to learn and gain the financial planning skills.

So I ask, "How much do you want to earn?"

"Well," the coach responds,"I guess it depends on what clients are willing to pay?"

"Wrong. It depends on what you want to earn? Let's start planning what you want to earn."

To make an annual income of $40, 000 you would spend 18 hours a week working one-to-one with clients.

Add five hours a week to consistently market your coaching practice, and you have 23 hours total of your work week.

Most likely you would have no more hours available if you have other people in your life who need you. You also have to consider your fatigue factor, burnout rate, or your ability to be inspiring all the time.

At ACPI, we encourage you to be more creative and find more fun ways to engage your clients. All of the ways you engage your clients in exchange for their investments are multiple income streams.  Stop trading your valuable time for money and see below this sample of multiple income streams.

plan income 

Go For The Larger Income Model From the Beginning

Why we at ACPI suggest that you began with larger income goals is to inspire your ideas and to motivate you to create a true business vision. Then through planning your Relationship Coaching business financial goals, you can initiate a six-month or twelve month plan to offer ready made courses, group coaching, training in emotional competence skills, as well as information products. ACPI provides these courses for you.

Many coaches start by pricing their services lower to attract more clients. Then when they are busy and their time is scheduled, they have no choice but to increase those hourly fees and risk losing those clients who are paying already. Why not focus on clients who have the ability to pay for your services up front and recognize the value you provide.

Few coaches, who come from helping professions to ACPI, have set income goals and actually brainstormed on how to achieve that.

The multiple  income streams below have a targeted number of clients drawn to what you offer in a variety of courses, teleseminars, private coaching, or live trainings. You can see that even with minimal training, your ability to earn income can include any activities you like to provide.

Otherwise without offering what you are passionate about, you are more likely to burn out and be overwhelmed. So see what is possible below. Use this sample income stream chart to plan your own Relationship Coaching journey.

Planning Income Example

Income Stream

Frequency

Monthly Income

6 Month income projection

One hour coaching for 8-weeks One hour @ $85.00/4 weeks x 8 clients $2720 $16,320
Course 1: Core Temperament Communication 4-week course and group coaching for 20 people @ $150 $3000 Offer 2x in 6 months $6000
Course 2: Emotional Skills in Relationships 4-week course and coaching support for couples.10 couples @ $500 each $5000 Offer once every 6 months. $5000
One-day Live Training in Relationships For 10 couples @ $897 per couple.  $8970 Offer once every 6 months $8970
Teleseminars  2 teleseminars per month @ $20.00--40 people per month $4800 $4800
Total     $41,090.00

 

 

1. Parent Coaching

Does Parent Coaching interest you as a profession or an extra source of income? This series about coaching parents provides all you need to know about what is involved in the real profession of coaching. You have a story to tell which defines your interest and happiness in helping people.

People pay coaches to help them reach their goals by encouraging, celebrating, and listening to them on a regularly scheduled basis.  Sessions might be for individuals or for groups.. A coach is an empowerment expert who challenges, stimulates, questions, and holds the client in positive regard. A coach takes the side of the clients and helps them set long and short-term goals, and holds them accountable to take necessary steps to achieve the goals from week to week. The coaching process enables people to lead more effective lives,  and to achieve what they want more quickly. Here is what two top coaches say about their field:

   "You have to have a plan and it has to be a plan that works.  You should not settle for the mediocre in life.  Coaching helps you set goals.  I collaborate with my clients.  I am on their side.  As a coach, I help and strategize with my clients so they can achieve their goals. [bctt tweet="Coaching is about personal evolution, vision, what’s next, what’s now, and moving forward. It’s about having standards, not settling for the mediocre in life, but looking and feeling your best." …Annemarie Brown" username="parent_coach"]

"Coaching is about listening, empathizing, asking questions and sharing love. It is very personal, very individual and case-by-case. People can turn their problems around.  They can be whatever they want.  They can have whatever they want. Coaching is about that process.  You help them and it is an incredible job."    Peggy Alvarado

Coaching Started In Business

Coaching as a profession started in corporate businesses, but also takes its models from counseling and psychotherapy. Business managers have always been “coaches” in that they helped people clarify their goals and choose roles in the corporation that best suited their talents and strengths.  Many life coaches, if they do not come from a background in psychotherapy or counseling, originally worked in business.

   I worked in management for thirteen years in a Fortune 500 company. Human resource management is very similar to coaching.  I didn’t know I was coaching back then, but I was!  … Peggy Alvarado

Businesses paid the first coaches to guide new hires as they climbed the corporate ladder.  A coach could be internal, someone who works for the same business as the client; or external like someone who is hired by the business as an outside consultant.  These first coaches were called business mentors. A coach or mentor is an older person with a lot of experience in the same field of the beginner.  The coach guides the new hire to set career goals, interact with other people, and choose the right projects to advance themselves. In the 1980s, businesses started routinely to hire and pay for more outside coaches.

Today, a business coach at the top of his field can earn as much as $700 tp $1000 per hour, or well into six figures per year.  Some large corporations keep coaches on retainer, paying them so much a month to mentor a constant stream of new hires.  A new trend is to hire a coach for a specific job, such as “Improve morale in the accounting department within a three- month-time period.”

Because business coaches work with each person on a one-to-one basis and take into consideration each individual’s personality and style, they are very successful in helping people achieve goals and move up in their careers quickly. A coach expert listens within, has only the best interest of that particular client in mind. The relationship is confidential and trustworthy.

The coaching model was so successful on a business level that a demand arose for personal “life coaches” as well.  A life coach or personal coach is a person who helps a client set goals for his or her future, determine steps to reach each goal, and cheer the person as he or she moved toward his or her definition of success. The goals do not have to be about money or career, but can be goals like “To become closer to my husband,” “To make time for painting,” or simply “To have more fun.”

Unlike business coaches, a life coach for parents could work over the telephone instead of face-to-face in an office setting.

The average personal coach charges above $100 per hour, but the range of fees is from a low of $25 to a high of $300 or more. A personal coach at the top of the field can make in the range of six to seven figures per year range, but the vast majority of coaches earn about $40,000 to $80,000 annually, depending on their part-time or full-time focus in the coaching field.

Coaching Moved away From The Medical Model

In 1992, Thomas Leonard started the first training institute for coaches.  His “Coach University” trained people through teleconferences.  In the same year, Laura Whitworth founded The Coaches Training Institute in San Francisco, which provided training through weekend universities.  Whitworth’s association, the Personal and Professional Coaches Association, merged with Leonard’s International Coach Federation (ICF) in 1997. The ICF organization developed standards of ethics and practices for the profession.

Yet from the beginning of the coaching profession, there was a lot of overlap between psychotherapy and coaching.  For one thing, many people entering the new field of coaching had backgrounds as therapists or business. Yet in time, coaching has moved away from the medical model.

Isn’t it great that you don’t have to be a psychologist or a medical professional to be a parent coach? Let’s take a look at our parent coaching certifications and get going on the way to success:

Parent-Family Coaching Programs

Dr. Caron Goode

Dr. Caron Goode

Founder of the Academy for Coaching Parents

CHECK OUT THIS NEW ONLINE COACHING PROGRAM

FOR PARENTING AND FAMILIES