#158 Why Most Coaching Businesses Fail (and how to fix that & keep yours thriving)

Podcast

Aug 22

Written By

Why Most Coaching Businesses Fail (and how to fix that & keep yours thriving)

Welcome back to another episode of the Punch Drunk Soul Podcast where we share the best stories, tips, tricks, and motivators to help you jumpstart and grow your soul-aligned coaching business!Today, join me and Jess Tomlinson, our lead success coach in our mastermind, Scale with Soul, as we chat all about why most online coaching businesses fail and how you can keep your business from the same fate.According to many sources, more than 90% of all Internet business start-ups end in failure within the first 120 days. NINETY PERCENT! Traditional businesses don't fail at this rate, though they're not far behind.So what IS it about online businesses (specifically coaching businesses) that make the rate of failure so low? And better yet, what can YOU do to set yourself up for success so you can be in the 10% that thrives?Well, buckle yourselves in, my freedom-seeking friends, because that's what we're going to talk about on today's episode!The important thing to remember is that success doesn't happen by accident or mistake. It happens with preparation, strategy, support, effort, resilience, and knowledge.Success in coaching businesses happens because people take the time to LEARN about their industry, and learn about business, especially online business and how it all works. Success in coaching businesses happens because people are willing to put in effort, master new skills, and allow themselves to get uncomfortable often.An online coaching business is amazing for MANY reasons. One of my favorite being the flexibility and freedom it provides for me to work from anywhere and literally create WHATEVER THE FUCK I WANT. It's super cool. But an online coaching business doesn't mean you just no longer have to get up and get to work!STAY TUNED TO LEARN:✨The top 5 reasons most coaching businesses fail✨How to set yourself up for a thriving coaching business with our favorite success tips✨The wrong ideas about online business that will keep you spinning your wheels with useless action that leads to burnout✨The NUMBER 1 thing that sets apart the coaching business failures with the coaching business successes