WAHM > Stay at Home Mom Work Ideas > Selling a Service > Start a Business Coaching Service

Become a Business Coach from Home 

What you will be doing.  If someone has an idea for a business venture, that doesn’t mean that they know how to go about it.   There is much planning between the idea and the realization stage.  Someone with an idea but not a lot of business savvy can seek the help of a business coach to make the transition.    Business coaches can provide help for the small and the large business venture.

They offer help with business plans, business loans, legal issues, product marketability, and setup.  They take your ideas and dreams and help you turn it into a successful venture.   

How to start.  Think of a name for your business.  Consider incorporating your business, especially if you plan to work globally.  You will need legal protection for your business and its assets if there is ever a disagreement with a client.   

Become familiar with the businesses within your areas of expertise.  Business coaches usually work within the industry where they have the most knowledge.  These will be the companies you will target. 

Starting costs.  A business coach needs a home office.  You will create reports and research information for clients.  A computer system with plenty of business software is essential.  Also, the home office needs a fax machine, a printer, copier, telephone, and filing system. 

Don’t forget advertising.  You will need to spend a little money there to get started.  Plan on starting costs in the range of $2,000.   

Skills needed.  A business coach doesn’t require a degree, but a background in business is essential.  There is no substitute for experience.  A business coach has several years of industry experience under their belt.  They are familiar with the ins and outs of a particular industry.  Business coaches know how to turn their experiences into useful guidelines for others to follow.

They can pick apart each area of a business and suggest ways to increase productivity.  Their years in the industry aid in creating business plans that have a precise starting point with many options for expansion.   ;

Marketing.  Start with known contacts.  Talk with them and discuss your new business venture.  Carry business cards with you to press into any and every hand that may need your services.  Online, a website will greatly benefit the business coach.  

Buy advertising space on home business websites and mom centered websites.  Stay at home moms and retirees can benefit from your experience.  With coaching services, they can be offered anywhere in the world as long as you have a working knowledge of the industry.     

Business coaches are in high demand.  The knowledge they possess from years of experience can not be found any place else.  Your brain is the key to a successful future.