G-BLLC06DBK9 520165642414387 41 | Scale and Leverage in Coaching to Maximise Your Impact & Income - Women in The Coaching Arena

Episode 41

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Published on:

21st Dec 2023

41 | Scale and Leverage in Coaching to Maximise Your Impact & Income

You started your business to work in line with your values and purpose.

A business that not only supports your family and lifestyle but feeds your soul and lights you up. But balancing your time and family life, with your mission and dreams is a struggle.

Would you like it to be easier?

Then, this is going to help you sooooo much!

This week, Jo is talking about leverage and scale in your coaching business.

Maximising Your Impact and Scaling Your Coaching Business (00:01:28)

Jo discusses the importance of scaling and leveraging your coaching business to reach more clients and make a bigger impact. It explores the reasons why coaches may want to scale their business and offers strategies for transforming a 1-to-1 coaching model into a 1-to-many model.

The Power of Leverage in Coaching (00:08:03)

This section focuses on the concept of leverage and how coaches can make their existing assets work harder for them. Jo discusses leveraging marketing efforts, such as repurposing podcast content into blog posts and social media posts. She also mentions automation and standardised processes to save time and energy.

Practical Steps to Scale and Leverage Your Coaching Business (00:09:26)

Jo provides practical steps for coaches to start scaling and leveraging their coaching business. She suggests assessing current offerings for adaptation, creating webinars or short courses, and identifying tasks that can be automated or delegated. The importance of filtering decisions through the lens of scale and leverage is emphasised.


Useful Links

How to secure more coaching clients' free training

Download the 12 ways to get clients now

Learn about The Business of Coaching programme

Connect with Jo on LinkedIn


Rate and Review the Podcast

If you found this episode of Women in the Coaching Arena helpful, please do rate and review it on Apple Podcasts or Spotify.

If you’re kind enough to leave a review, please do let Jo know so she can say thank you. You can always reach her at: joanna@joannalottcoaching.com


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Mentioned in this episode:

Live Event: Dare Greatly, 28 June, Barnes SW London

Dare Greatly in the Coaching Arena Live Event Date: Friday, June 28th Location: Barnes, Southwest London Join this live in-person event to get hyper-focused on your 2-3 most effective personal strategies to propel your business forward. Key benefits include: Stop over-analyzing and second-guessing Meet new business connections to brainstorm, support, and problem solve with Outline your vision and strategy with newfound focus and connection Event Details To Be Determined The specific agenda is still being developed based on input from an early waitlist. Sign up for the waitlist this week to: Provide your input on key themes/topics to cover Get the special £97 earlybird price (includes lunch) Join the Waitlist Now Link: https://go.joannalottcoaching.com/DareGreatlyJune24WaitlistSU Don't miss this chance to attend a rare live event and take your business to new heights! The waitlist offer ends in one week.

Transcript
Speaker:

Hello and welcome to Women in

the Coaching Arena podcast.

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I'm so glad you are here.

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I'm Jo Lott, a business mentor

and ICF accredited coach

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Microphone (Samson Q2U Microphone):

and I help coaches to

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build brilliant businesses.

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I know that when you prepare to enter

the arena, there is fear, self doubt,

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comparison, anxiety, uncertainty, shame.

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You can tend to armor up and

protect yourself from vulnerability.

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In this podcast, I'll be sharing

honest, not hype, practical and

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emotional tools to support you to make

the difference that you are here for.

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Dare greatly.

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You belong in this arena.

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Welcome to episode 41 of

women in the coaching arena.

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I am so glad you are here.

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Today, I'm excited to talk about

something slightly different than I

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normally talk about in this podcast.

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So it's about maximizing your

impact and how you can scale and

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leverage your coaching and expertise.

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This is pretty much how I run my business

because my goal is to help a million

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coaches to successfully grow their

business and make the most of their

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coach training just slightly ambitious.

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So, if I am acting in accordance

with my goal, then I need to have

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a leverage model, which is why I

do have, a group program to help

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as many people as I can to do this.

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This means a lot to me because there

are so many coach training organizations

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churning out coaches who have absolutely

no idea that it's actually going to

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take quite a lot of work after that

qualification to grow their business.

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So I'm on a mission to help more

coaches to actually sell their

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coaching and actually get to do that

work that they have trained for.

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Obviously it's a transformational journey.

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It helps you with your own self-awareness

and there are so many other benefits.

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But if you do go into it, wanting to

set up a coaching business, I really

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want to help more people to actually

do that and be aware that this might

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actually take a small bit of work.

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So, if we're thinking about why you might

want to scale and leverage your business.

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Maybe you have a big goal to help

as many people as you possibly can.

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I think many of us have learned a

lesson in life perhaps, and we want

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to share our learnings from that

lesson so no one else has to suffer.

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It's a bit like when you hear the really

terrible instances happen in people's

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lives and they dedicate their entire life

to campaigning so that more people don't

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have to go through what they went through.

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And I think a lot of

coaches want to do that.

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That's certainly why I do this work.

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Because you're essentially

saving your former self.

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Creating what you wish you had.

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There may be other reasons why

you want to move to this model.

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Maybe you have really limited time.

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Like I do.

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I work school hours only.

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Term time only.

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So you do have really short

amount of time in your day.

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By the time you've done your

marketing and all your things.

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It's something that you have

to balance alongside your work.

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So let's start with two pivotal words.

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That I would love you to think about

if this is your goal going forward.

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So those two words are scale and leverage.

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These aren't just buzzwords.

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They are the cornerstones of transforming

your coaching business into one that

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can help as many people as possible.

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In the most effective way.

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So, what do they mean in the context of

coaching or knowledge-based businesses?

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It's about expanding your capacity to

be able to sell more clients without a

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proportional increase in your workload.

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Scaling is about expanding your

capacity to serve more clients without a

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proportional increase in your workload.

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And leverage on the other hand is about

utilizing your existing resources.

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That might be your intellectual property

or systems that you have created.

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So in this episode, we will

talk about how you can maximize

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your output and efficiency.

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Starting with your coaching capacity.

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Let's say for argument's sake,

you have a capacity of 10 clients.

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And that is your limit given

the hours that you have with

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your current one-to-one model.

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But what if you could reach not just

10 clients, but a hundred clients.

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Imagine the impact that you could have,

not just on your business, but on the

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lives of those additional clients.

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This is where scaling and

leverage come into play.

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This is something I'm working

on a lot at the moment because

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I do run a group program.

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So I have a scalable program.

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But in all honesty, it does currently

require a lot of my energy in order

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to give my clients the best results

and so I'm constantly working on how

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I can improve my processes while still

providing the knowledge, love, care.

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For them to be seen, heard,

celebrated, championed.

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All of that is super important for me.

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So it's something I'm working on a

lot at the moment, and I'm excited

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that yesterday I had quite an

exciting conversation with someone.

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That may be really pivotal

in my future program.

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Because I don't want to create a lost in

the crowd program because there are a lot

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of them out there where you will sign up

and you won't know anyone and you won't

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feel like a valued part of that community.

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But if I want to continue my mission,

which I do, then need to think long

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and hard about how I can bring in the

elements that are super important to me.

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And create a scalable way of doing them.

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So a really simple example is

that I currently order lots of

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little gifts to send my clients.

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I order personalized cards and

then I order the envelopes and

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then I handwrite the label.

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And then I go down to the post office

and post them in this lovely package.

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But eventually I really need to

have a company that I can say.

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Here are five people's

names and addresses.

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Instead of it being me, taking my

time and energy to do that task.

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Personalization is my value that I

want in my business, which is why

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I'm at this point now where I need to

consider how I can continue to offer

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the personalized time energy thought,

love care I want in my business, but

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with other people supporting me to

automate some of the things I do,

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the gifts being a perfect example.

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So let's talk about

strategies for scaling.

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To scale your coaching

business, you really need to

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rethink your delivery model.

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So how can you transform your one-to-one

coaching into a one to many model?

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This might include creating online

courses that people can do at

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their own pace, or group coaching.

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Or there are other models, like the

membership model where it's a lower

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cost, but they get the training and a

little bit of support, but usually it's

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not as extensive as a group program.

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So we need to think about how you can

package your knowledge and expertise

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up in a way that's accessible and

valuable to a larger audience.

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Let's move on to the power of leverage.

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So leverage is making your existing

assets work harder for you.

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This might be in your marketing.

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So for example, I create this podcast

and what I do to leverage the podcast,

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the energy I'm putting in now.

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Is I ask my VA to turn this

podcast into a blog post.

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She also turns it into a LinkedIn article.

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That's two extra things

I've done with my podcast.

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I also now use my podcast to create

all of my social media posts.

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So that is how you can leverage

what you are currently doing

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to really multiply the impact.

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I could go way further.

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For example, I could add this to YouTube.

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I can create short reels from

what I'm saying and sound bites.

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So it's about constantly thinking, okay,

I'm putting all this energy into this.

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How can I make the most of it?

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This could be automation.

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So things like the best emails

that you've ever sent to your list.

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How can we bring those

into your nurture sequence?

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How can we have standardized processes

when someone signs up to work with you?

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How can we really help things be

seamless so it doesn't take your

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time and energy again and again.

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Let's move into the practical

steps now to scale and leverage.

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What are those practical steps

that you can take right now?

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I would start by assessing

your current offerings.

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Seeing, if you have anything already

that can be adapted for larger audience.

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Maybe you have a really popular

coaching session or program, maybe

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you have a great way of helping people

find their strengths or their values.

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Can you create a webinar

or a short course?

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If we're looking at your processes,

where can you automate or delegate tasks?

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Remembering that if this is your

goal, every decision you make from

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now on should be filtered through

this lens of scale and leverage.

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Instead of replying to a client

once with yay, I'm so glad

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you're joining the program.

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You can have a template that you can

use time and time again, so we can

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eventually automate that entire process

so you can help more people in less time.

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So as we wrap up today's episode, I would

love to leave you with this thought.

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Scaling and leveraging aren't

just about growing your business.

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They are about multiplying your impact.

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This is why I do this work.

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It's not really about growing my business.

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It's just this complete mission

to help more coaches to create

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amazing coaching businesses.

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So, if you are ready to take this

journey, I would love to guide you.

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Creating a group program that

is a raved about program.

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So we don't want to create a program

that is your second rate service.

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I want to help people to create a

group program, which is a flagship

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program that they become known for.

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Where they have more case studies raving

about the program than anyone else.

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I strive for this in my business.

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You are very welcome to look

at my website and my case

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studies, joannalottcoaching.com.

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And you'll find that most people rave on

about working with me, despite the fact

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we have never worked one-to-one together.

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So that is the impact that I want

people to have with their group program.

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A program where they have designed

the most amazing supportive

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environment that gets results.

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So, if you are ready

to scale and leverage.

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Usually this does mean you

have sold your services before.

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You have some sort of audience, or maybe

you have a strong network or organizations

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you're wishing to sell your program

to then I would love to invite you to

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apply for my new program which will

help you to build a premium flagship

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group coaching program or online course.

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We start on Thursday, the

th of January at:

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UK time.

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It is a 12 week program

because I've thought long and

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hard about making it longer.

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But actually is something that

you need quite a lot of energy

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behind to really make it work.

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It's not something you can really drag out

or you will procrastinate and lose energy.

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So we will be done by Easter.

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You can then have your program out there.

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I will be designing it so you can presale

your program within the first four

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weeks of 11th of January if you wish to.

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And so that you can launch it within

the period of us working together.

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If that's too soon for you, you will gain

lifetime access to the training portal.

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So you can go through this

process at your own pace.

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Anytime you want.

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If you are interested, I have eight

spaces available for this program.

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It's the first time I've run it.

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So I'm offering an incredible

price of £:

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monthly installments of 750 pounds.

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This isn't something I have on my agenda

as a permanent thing in my business.

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This is a one-off program.

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I am starting on the 11th of January.

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So if you want to do it, jump in, then

this isn't an evergreen program . So,

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if you are thinking about moving to a

scale and leverage model and you are

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looking for sign that this is the time.

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Then this is your sign.

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If you have already created a group

program or launched there, and it hasn't

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been successful, particularly in the past.

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This is still for you because there are

often really small things you can do.

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Like for example, I noticed with a

lot of my clients who do this is they

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don't actually launch their program.

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They maybe put one post out saying.

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I'm launching this thing and

then I never see it again.

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And there is a psychological buyer

journey you need to take people

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on and it does require a launch.

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In other words, a lot of energy behind

what you are doing to really help people

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to feel excited to take that next step.

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If that is you, I would love to help

you to make it happen this time.

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Thank you for listening

to today's episode.

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I will leave you with my favorite

reminder to trust yourself, believe

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in yourself and be the wise Gardner

who keeps on watering the seed.

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Thank you so much for listening to this

episode of Women in the Coaching Arena.

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I have a mess of free resources on

my website joannalottcoaching.com.

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That's Joanna with an A

and Lott with two T's.

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joannalottcoaching.com.

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And I'll also put links in the show notes.

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Let me know if you found

this episode useful.

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Share it with a friend and

leave me a review, and I will

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personally thank you for that.

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Remember to trust yourself, believe

in yourself and be the wise Gardner

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who keeps on watering the seed.

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Get into the arena dare, greatly and try.

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About the Podcast

Women in The Coaching Arena
Helping compassionate coaches to grow their coaching businesses with practical and emotional tools so that more brilliant coaches build brilliant coaching businesses
Are you a coach who's passionate about making a difference and building a thriving coaching business? Join Joanna Lott, a business mentor and ICF certified coach, as she shares practical and emotional tools to help you succeed in the coaching arena.

In each weekly Thursday episode of The Women in the Coaching Arena Podcast, Joanna provides valuable insights and actionable advice on various topics, such as business strategy, marketing, mindset, energy and entrepreneurship. Whether you're just starting or have years of experience, this podcast is for you.

You have a gift that needs to be shared and Joanna is here to help you do it.

About your host

Profile picture for Joanna Lott

Joanna Lott

Joanna Lott helps coaches stand out and get clients - with honesty not hype.

She has 20 years’ experience of working within HR and Governance in trade unions and financial services.

After qualifying as an ICF Executive Coach she set about learning everything she could about business, sales and marketing and quickly built a profitable career and executive coaching business around her young family.

Other coaches started asking her how she did it, so she’s supported 35 coaches in the last year alone to help them to build their business and get clients so they can make a living doing work they love.