Not getting results in our coaching business and you want to bounce back? In this episode, I share 3 ideas that will help you make faster progress.
To your freedom,
This is an honest podcast. If you're somebody who's trying every single thing, but things are not really moving in your coaching business, I'm going to give you a solution in this podcast. Let's get in. I totally get it. You might have started on this journey of training and coaching. You might have implemented a lot of things, but for some reason, things are not just moving forward.
Maybe you're not getting the results, you're not getting the sales, you're not really seeing the momentum in your business. You know, I can feel that situation that you may be going through right now because I was in a situation for many, many years, and I hope to take you out of that zone of being stuck to really getting into a state of flow.
And that's the purpose of this podcast. I would like you to take notes. Okay? I'm going to share with you how do you bounce back when things are not working in your coaching business? And I want to break it into three aspects, okay? Now the first thing is you have to have a realistic review, okay? The power of a realistic review is the first thing of your overall situation.
Number one is reviewing your own energy. Like, is it something that you really love to do? Or are you just doing this business or growing your coaching business just for the sake of doing it? Second is reviewing your strategy. Now, even though you might have got strategies from various different places, just go back to see if that strategy is applicable to you or not.
Like in my community, I have people who are doing various different models of growth, and I recommend different strategies for different people based on their different topics. Some of them, I recommend a one-to-many model. Some of them, I recommend the one-to-one model. Some of them, I recommend the program model. Some of them, I recommend a consulting-based model.
So go back to your review and see if your strategy is matching with what you're actually adding to the market. Okay?
The third is, do a realistic review of your actions. Are you really taking actions that are leading you towards your goals? Or are you just taking actions and going randomly all over the place? This is also a big challenge, and a lot of people, they get high on knowledge, but they're not able to move forward because they do all other things, but the most important thing.
And of course, number four, I would like you to have a realistic review of your revenues. You know, if your numbers are not moving in your bank account, then there's a serious problem, okay? You may be getting high on knowledge, you may be getting high on attending programs, watching YouTube videos, listening to so many different podcasts, feeling good about the information that you're gaining. But if that's not translating into revenues or results for yourself, after some time, the passion with which you started is going to start to turn into poison, and that'll start to degrade you. And that's going to start to take you through a downward spiral loop.
Now, the good news is you can get out of this if you're able to be aware of these three pointers. So the first pointer is just to recap, is the power of a realistic review of your energy, strategy, action, and revenues. Once you map this out on a paper, on a clean sheet of paper or an Excel sheet, once you know, "Okay, this is where I'm at, this is my current situation, and this is where it is," okay, accept the situation. And then the second step is to get back to the drawing board.
And when it comes to the drawing board, I'm going to make it as simple as possible. The first thing is to look at this entire game with simplicity. For me, I was running a very complex business before I got into this model. In 2018, I had a business with over 35 employees, managing 35 to 40 clients, and many moving parts and challenges within the business. It was a continuous firefighting situation, and I didn't have much time for myself to create financial results for my personal life and family.
So what really worked for me was embracing an insane level of simplicity. I recommend that if you are facing challenges and things are not working, pick one problem you want to solve, one market you want to serve, and create one product that can serve that market. That's it. One problem, one market, one product. This is what I call an MVP or a minimum viable product. Test this MVP with an organic audience, meaning don't spend money on ads or go overboard. Test it with at least five to ten people and see if there is a positive response to your product.
Many trainers and coaches make the mistake of launching something without knowing if their product will work or not. Following my curriculum design process with simplicity has yielded phenomenal results for many. On the other hand, those who complicate things too much or overanalyze often struggle to get results. Remember, the MVP is not about you or your beliefs; it's about what the market really wants. Simplify what the market wants and deliver a powerful and tangible solution that helps them achieve the results they desire.
If you find yourself in a loop and things are not working, go back to the drawing board and simplify. Create your MVP, focus on one problem, one market, and one product. Test it, and if it works, great. If it doesn't, move on to the next idea. That's the formula.
Now, let's discuss the importance of inner congruence when it comes to bouncing back in your coaching business. You need to feel good about what you're doing internally, not just externally. While external factors may influence your decisions, in the long run, you need to feel comfortable and satisfied with your choices.
Firstly, trust your intuition. You must rely on your gut feeling to determine whether what you're doing aligns with your long-term goals. Secondly, address and heal any past patterns that may be hindering your progress. Identify the patterns that keep repeating, such as starting something but not finishing it or retreating at a certain point. These patterns may have roots in your childhood or past experiences. Acknowledge and understand the root cause, and work on healing and letting go of those patterns.
I have personally gone through this process of healing and overcoming patterns of failure, which has transformed my journey. Once you make peace with your past and integrate the lessons learned, you'll experience unstoppable growth. Life becomes more enjoyable when you don't take it too seriously and embrace the process. The more you enjoy the journey, the better the results.
Next, it's essential to overcome rigidity. Jeff Bezos once said, "Be fixed on your vision and goal, but be flexible on how you get there." Don't be rigid in your methods; be open to adapting and finding different approaches. Finally, build skills that add value. If you're teaching something, ensure that you have the necessary skills yourself. You may not be an expert when you start, but continuously practice and improve your skills to have the authority to guide and teach others effectively, especially in a coaching business.
So, this is something I heard from Gaur Gopal Das in a recent summit. He was discussing how to achieve the flow state, and he gave a beautiful example. There are two aspects to this game: the skills aspect and the level of challenge in your journey.
Let's say you're someone who is highly skilled at what you do, but the challenge is not big enough. In that case, you're going to get bored. It means you're really good at what you do, but it's not a significant challenge. Eventually, you'll become bored, right? On the other hand, there are some of you who may be facing the opposite situation. The challenge is bigger than your skills. Perhaps you're not skilled enough, and you're encountering more and more challenges that surpass your abilities. This leads to frustration.
So, when your skills are greater than the challenge, it leads to boredom. When the challenge is greater than your skills, it leads to frustration. The magic happens when your skills match the challenge. When the challenges that come your way align with your skills, you're able to handle them effectively. This state is what we call the flow state.
So, how do you bounce back when things aren't working? In the coaching business, the key is to build your skills and match them with the challenges you want to overcome in order to achieve the flow state. Let's recap:
Number one: The power of a realistic review. Take a step back and assess your situation objectively.
Number two: Go to the drawing board and simplify. Identify one name, one problem, one market, one product.
Number three: Reflect on your inner congruence. When these three elements are clear in your mind, there's no stopping you. You will bounce back and move forward.
To reiterate, don't take life too seriously. Enjoy the process of learning. Be optimistic and believe that you can make things happen. Combine your positive attitude with actions and maintain a laser-like focus.
I wish you all the best. Catch you in the next episode. If you're already a part of my community, I highly recommend upgrading yourself to Diamond. Even if you're not a part of my community yet, you can go to sidz.co/diamond and learn how you can overcome challenges by surrounding yourself with action-takers and achievers in one of the world's largest communities for experts.
Take care, and see you soon. Bye-bye.