The Business of Coaching with Taylor Thomas

In this episode of the "Endurance Coaching Business" podcast, Cam sat down with Taylor Thomas, founder of Thomas Endurance Coaching (TEC) and the Growth Circle accelerator program. They delved into the common struggles endurance coaches face when scaling their businesses and shared actionable insights to help coaches turn their passion into a profitable, sustainable career.

You can watch the Youtube video here or listen to the audio version on the podcast here

1. Building a Scalable Business Model

• Time vs. Money: Coaches often start by trading time for money, which isn't scalable. To grow, it's crucial to find ways to extend your reach without overextending yourself.
• Leveraging Technology: Utilize business focused platforms like Training Tilt and others to streamline operations, manage clients, accept payments, and deliver coaching services more efficiently.
• Diversifying Services: Consider offering different tiers of services, online programs, or group coaching to reach more clients without a proportional increase in workload.

2. Client Acquisition and Retention

• Understanding Your Ideal Client: Define who your ideal client is to tailor your marketing efforts effectively.
• Consistent Marketing Efforts: Treat marketing like endurance training—consistency and frequency are key. Integrate marketing into your daily activities rather than viewing it as a one-off task.
• Value-Driven Content: Provide valuable content that addresses the pain points of your target audience to attract and retain clients.

3. Mastering Sales Skills

• Authentic Communication: Approach sales calls as conversations where you listen intently and offer genuine solutions.
• Structured Approach: Implement a consistent structure for sales interactions, including setting clear next steps and follow-ups.
• Practice and Preparation: Hone your sales skills through practice, focusing on how to convey your value proposition effectively.

4. Transitioning from Coach to Business Owner

• Developing Business Acumen: Invest time in learning essential business skills like financial management, marketing strategies, and operational processes.
• Setting Up Systems: Create standard operating procedures to streamline tasks and ensure consistency as your business grows.
• Continuous Learning: Stay updated with industry trends and business best practices to adapt and evolve your coaching enterprise.

5. Seeking Support and Mentorship

• Community Engagement: Join groups or accelerators like the Growth Circle to connect with like-minded professionals.
• Accountability Partners: Collaborate with peers to hold each other accountable for business goals and share insights.
• Learning from Others: Leverage the experiences of seasoned coaches to avoid common pitfalls and accelerate your business growth.

Key Takeaways for Coaches

• Embrace Marketing as a Positive Tool: Shift your perspective on marketing from a necessary evil to a valuable way of connecting with those who need your services.
• Consistency is Crucial: Just as in endurance training, regular and consistent efforts in marketing and business development yield the best results.
• Focus on Relationship Building: Both in sales and client retention, building strong relationships is at the heart of a successful coaching business.
• Don't Go It Alone: Utilize resources, mentorship, and community support to navigate the complexities of running a business.

By addressing these common challenges with strategic actions and the right mindset, endurance coaches can transform their passion into a thriving business that not only supports them financially but also amplifies their impact on athletes' lives.

Visit the following links to learn more about Taylor Thomas, TEC and the Growth Circle

TEC IG - @thomasendurancecoaching

Personal IG - @taylor.j.thomas

Thomas Endurance Coaching (TEC) https://www.thomasendurancecoaching.com/

Growth Circle accelerator program https://www.thomasendurancecoaching.com/growth-circle/.