When I started my business, I had no idea what coaching and consultant cost and what I was paying for. This newsletter will help you with mysteries, such as these, I had to solve myself through lots of trial and error.
Let’s start with the difference between a coach and a consultant. While there is overlap between coaching and consulting, with coaching “you walk away with strategies for uncovering truth on your own. With consulting, you get tools that can support you in moving forward and executing”. - Forbes Coaches Council
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To offer you some perspective, we’ll walk things backwards.
Start with how much money you want to make in your business this year. Let’s say you want to make $50,000, for example, this year. What would you consider to be a good business investment amount - in a consultant(s) who shows you how to set up your operation to make $50,000 in a year?
5% of $50K - $2,500 total for the year?
10% of $50K - $5,000 total for the year?
15% of 50K - $7,500 total for the year?
20% of 50K - $10,000 total for the year?
more? less?
There’s a separate conversation about what these amounts will get you.
Now, let’s consider you don’t know how much money you want to make. Perhaps you are afraid to say how much because you don’t know how much money you COULD make in a year. Either a coach or consultant could help you pen your business model, draw the truth out of you about what you want to make and help you run numbers to see what is doable. What would this clarity be worth to you?
But, what if you can’t even guess at how much you want to make because you are unclear about what business you could commit to? This is where a coach would be helpful. An impactful coach would help you explore options while keeping in mind:
what your needs are,
how you work and
what you can afford to risk.
In addition to providing some clear answers to questions you may not even know to ask, an impactful coach would provide you ways to filter and think about all the options you are weighing.
What would it be worth to you to know in your gut what business you could start and keep alive? Before you answer, this needs context. Think about how much time, money and emotional energy you would spend piecing this clarity together yourself. Then, go with the math that works for you.
I am both a coach and consultant who specializes in working with entrepreneurs who have ADHD. My goal is to help you put a business system in place to meet you needs, now and far into the future. This may mean guiding you toward other (well-vetted) coaches and consultants who have unique and highly-specialized skills.
When you bump into a price or a program that doesn’t match your expectations, don’t live in a spot of confusion or frustration.
Let’s talk about the possibilities that can grow from being in this spot.
1 This post was inspired by a TikTok follower, @mrshoneyhive7, in my TikTok live on February 27, 2023.