Here are two things you must do if you want to succeed in your new coaching business – and measuring your numbers isn’t necessarily one of them.

Today’s episode is the second half of an important topic – confidence in your coaching business.

In episode 74 we talked about confidence in your modality and also in your own skills as an important foundation – so please go back and listen to that one. 

That’s a segue into today’s topic.

It’s one thing to feel confident as a coach, but running a business is a whole different ball game, especially if you have only ever been an employee, and never run a business on your own.

So today I want to talk to you about how to grow confidence in your business skills.

Confidence in Your Business Skills

I want to start by busting a myth.

A lot of business coaches talk about how important it is to know your numbers. 

That means things like how many people are clicking on your email links, how many people are visiting your website, how many people signed up for your webinars, what the conversion rate is, and so on.

Too many coaches and wellness practitioners set goals around a certain number of clients and give up within a month or two if they don’t hit those numbers.

I want to challenge that for brand new business owners and say that getting fixated on the numbers can be a huge confidence killer for a new business owner.

Why?

Because when you start out, you are still figuring out your strengths. You are still figuring out your niche. 

You are trying to work out who your clients are, what they want, and how best to give it to them. 

You are finding your voice in the public arena and working out what you stand for.

You are testing, experimenting, and trying different things to see what suits you and your style. You might not yet be sure about which business model you will use.

And while it’s useful to measure how many people are responding to you – ask yourself – what do those numbers really mean if you are chopping and changing your messages, forums, platforms and topics during this early experimental phase?

The answer is – nothing. 

It’s like comparing apples with oranges.

So if you put too much emphasis on the numbers in your business, you may do more harm than good, and end up eroding your confidence rather than building it.

How do you build confidence in your business skills?

You might remember in the last episode that I mentioned our brains want proof of something before they believe it is true, or possible. 

But it’s hard to get proof in advance when you are totally new to something, like running a business!

Here are two things you can do to give your brain that sense of confidence.

1. Get help to create a solid strategic plan

The simple answer is to get help to create a solid strategic plan in your first year of business.

This is your framework for experimenting to see what works, to work out YOUR best way of doing business, and create a regular, organised and intentional work plan.

If you are new to running a business you will definitely need help to create this plan.

But that is your framework for moving forward and having a plan helps you to build confidence in your business and that you have a pretty good path to follow.

And the stronger those traits, the more resilience you will have to experiment with things and not take any failures personally.

You will be better equipped to manage your emotions and be logical, factual and realistic.

And in a new business there is a LOT to experiment with.

You will be experimenting with business processes and tools, coaching techniques, session plans, number of sessions, trying different sorts of questions, what type of client to look for, where they are, whether you’re going to market online or offline, which social media channel to use, how best to have conversations with people, how to plan effectively, how to create offers that attract clients, how to pull together coaching programs and what clients want in their coaching programs. 

Some things will work and some will fail.

Some things will feel right and others won’t.

Your brain wants proof of success. But you can’t know the exact formula for any of this in advance. 

At least while you are figuring out how to run a business, succeeding and failing along the way, you can create a consistent, stable platform of action-taking so that you can build confidence in your ability to run a business.

Then, when you’ve been in your business for a year and have worked out YOUR way of doing business, you can start looking more at the numbers and results. 

But in the beginning, I encourage you to focus on measuring your ability to follow your plans and process – because when you get that process right, you will succeed. 

Summary

In summary, know that you are experimenting with so many things right now, so the numbers don’t mean that much. 

What is more confidence-building is 

1. To get help to create a strategic plan as the roadmap for your business and,
2. To take consistent action toward your plan, problem solving and tweaking along the way, with the support of someone with the right skills and experience. 

When you learn to take action no matter what, you are actively cultivating a growth mindset, the behaviours of a self-confident person, resilience, capacity and self-motivation.

Those are the secret formula for your business success.