7 Skills You Need to Own a Business Coaching Franchise

7 Skills You Need to Own a Business Coaching Franchise

   

#1 Follow a System

 

It’s no good joining a franchise if you are not willing or able to follow the footpath of those that have tried this before you. Being in a franchise means that somebody has already done the hard work, so you don't have to. If you're the type of person who wants to constantly innovate and come up with your own ideas, then a franchise may not be the right answer for you. But, if you've got the skill and ability to be able to follow a system, then this maybe the right career path for you.

 

#2 Planning

 

One of the skills you, as a business coach, will need to have is being able to PLAN. You need acquire great skill around planning your time and helping your clients also plan, but more so planning out your own business growth. Because as a franchise owner, you are going to be responsible and accountable for growing your own book of clients and making sure you're delivering and getting results with those clients. So planning is really, really, important.

 

#3 Communication

 

In this business, communication is paramount to your success. If you are unable to communicate effectively with your franchisor, or with your team or your client, you're going to find it very difficult to be able to succeed in this industry.

 

#4 Coaching Skills

 

Before you get into the world of business coaching, you may not have coaching skills right away. But, if you are willing to develop those skills, then this will work for you. As a business coaching franchisee, you need to be able to coach people, you need to be great at coaching and understanding how coaching works. This is a skill that you may have already developed through your previous roles in your life or they may be skills that you'll need to develop, but it's definitely a great skill to have as an owner of a business coaching franchise.

 

#5 Skill of Business

 

You need some business acumen and understand how a business operates. From marketing through to sales, operations, business administration and finance. You don't have to be a guru at all these things, but you need to have a little bit of skill and understanding of how a business operates and how to go about expanding and growing businesses.

 

#6 People Skills

 

Understanding people's different personality types, understanding what drives and motivates people, what holds people back, and being able to get on with people is important in the world of Business Coaching. If you're the type of person who doesn't get on with people, this game is not going to be for you.

 

#7 Money Management

 

When starting you own Business Coaching business, it is essential that you have some skills in cash flow and money management. This is the ability to manage your finances and cash flow forecasting. You don’t want to start your coaching business and then run out of money. Money skills is one of those skills that I think a lot of people overlook when they go into their own business, but it's something that is really, really, important if you're going to succeed in your own business and coaching franchise.

 

We offer excellent solutions and advise that will make marketing easy & affordable for businesses of any size. We help eliminate all the guesswork that will help you maximise your time, which you can spend on running your business effectively.

 

To find out more, click here and we will be in touch.

 

About the Author

 

Ben FewtrellBen Fewtrell is a sought-after Business Coach, Keynote Speaker and trainer who has featured in Virgin’s Inflight Magazine and Entertainment Portal, SKY Business and "Secrets of Top Business Builders Exposed". He is also the host of the popular Business Brain Food Podcast where he interviews leading experts on anything and everything business.

1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Loading...

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Rated Articles

How your company can adapt to the Digital Revolution

Over the last couple of years, technological innovation has brought about a rapid change in the customer service landsca

LEARN MORE

Will Marketing Automation Help Your Business Grow?

Marketing automation software can benefit your business in a number of ways. It is a great way to increase traffic, enco

LEARN MORE

How CRM Can Maximize Customer Lifetime Value (CLV)

"Keep your customers always on the frontline," this is a key philosophy to running a successful business. Customers are

LEARN MORE

Recently Viewed

How I changed my Facebook Business Page Name

I started a Facebook page for my business many years ago. I had spent thousands of dollars running ad campaigns and gain

LEARN MORE

4 Key Factors that Will Help Improve the Customer Service of your Company

If you are a business owner, your customers are extremely important to you. They are the ones that provide you with inco

LEARN MORE

How Important are Small Businesses to the Economy

There are in excess of 2M small businesses in Australia and the number is billowing with every passing day. These small

LEARN MORE
  • Over the past 6 months the incredible team at MMP have supported us to shift our attitude towards our business & month on month our revenue is increasing to the point we will be able to employ additional staff to support our business goals long into the future. Do not regret our decision one single bit!

    • Emma Reece

  • Working with my coach has enabled me to see the areas where my business is failing. This was pretty confronting to me to be honest. MMP has the tools to improve these areas and the guidance on how to implement them.

    • Sharon Robinson

  • I have been working with Max My Profit for approx 3 years now, and over that time I have learnt a lot of things about not only what it takes to run a business, but I have also learnt things about myself. I don't believe i'd be the person or have the business I have today if it wasn't for Max My Profit and our Business Excelerator. Great team to work with if you want to take your business serious!

    • Ben Choy

  • As a new client for Max My Profit (MMP) it has taken no time at all to realise the benefits of business coaching. Despite many years of senior management experience starting a new business requires best practice systems and processes built on a solid platform of detailed planning. I look forward to the benefits of adopting the formula being shared by MMP.

    • Campbell MacLeod

  • Max My Profit Are truly awesome at what they do. They have helped me over the past 12 months to get off the tools in my business and start working on my business. I am looking forward to 2019 with enthusiasm not concern. Thanks so much.

    • Aaron Kemp

  • If you are committed to Growth the Max My Profit Team has the tools and expertise to excelerate all areas of your life. They Care, They Listen, They Understand You as an Individual first then they focus on Your business. Thank you Max My Profit my rating is a 6/5 - Kindest Regards The Mr Handyfix Team

    • Catherine Kavadas

  • The team at Max My Profit are an absolute pleasure to deal with. I love working with a team who is on top of what they are doing and have a clear view of what they are working on with you and helping ensure you get to the end goal.

    • Lauren Watts

  • I have been working with MaxMyProfit over the years and what they do for SME's in growing their business is fantastic. Also due to there knowledge and their supporting material for companies across the 5 lifestyle stages and assisting them through this process day in day out is extremely comforting as a small business owner and have referred them many businesses over the years.

    • Steve Laingy

  • Working with a business coach from MaxMyProfit has been one of the best things I have done for my business. I had several other coaches before MaxMyProfit but these guys are a step above the others. I have seen a significant increase in sales, now have a business that can run itself and the coaching program has paid for itself many times over.

    • Matthew Kitchin

  • Much more than just business coaches. There is an absolute treasure chest of business knowledge in their members site.

    • Iain Campbell

  • Max My Profit are unique as they really partner with you to develop and implement a plan that will drive success for the business. I was hesitant to proceed as previous business coaches tell you what to do and rely on you to implement.

    • Michael de Haan

  • I attended one of Max My Profits introductory events in Melbourne. Having been an accountant for almost 30 years, I was somewhat sceptical. Boy was I wrong. I not only enjoyed the presentation, but I gleaned so much from just that session.

    • Daniel Odd

  • These guys are an absolute wealth of knowledge for Small Business. The programme and support networks they have set up ensure learn more every day and can take your business from good to great. Thanks so much.

    • John Butler