The mindset to go from $10K months to consistent $50K months
Entrepreneurship is not for the faint-hearted. From late nights, zero budgets, and endless sweat, every entrepreneur knows the ups and downs of starting a business. They have persevered through failures and celebrated successes, but there comes a point in every business’s journey when it transitions from a startup to a fully-fledged enterprise.
I bootstrapped my entire business from the beginning with no coach, investor or team, I had to figure out how to do almost all of the things myself. My business growth took way longer than it needed to! With lots of Youtube videos, books and online courses, I taught myself. But this only got me so far before I burnt out and what I had built was unsustainable.
This is the stage when entrepreneurs need to upgrade their mindset, strategic practices and marketing strategies to achieve $50k months and beyond. Gone are the days of just winging it. The game has to evolve.
- Does your mindset support great levels of pressure, cash, clients and growth?
- Current business practices and identifying areas for improvement is critical – systems and operations.
- Scaling up the team – e.g. outsourcing, part-time VAT
- Expanding the market base – new clients in new markers
- Optimising digital presence – your website
- Maximising revenue streams are just some of the areas that need attention – a scalable business model
A long-term marketing strategy is imperative in achieving consistent $50k months and beyond. It’s not enough to just have a great product or service; entrepreneurs need to market it well.
With effective marketing strategies, entrepreneurs can ensure they stand out in a crowded arena. Personalised and targeted marketing ensures that the right message is delivered to the right audience. And when done right, can make all the difference between hitting $50k months consistently and beyond or struggling and staying stuck in fluctuating cash months.
Creating $50K months requires a powerful shift in mindset, and I’m here to guide you through this transformative process. Embrace the fact that mindset work is a continuous journey, and each day brings an opportunity for growth. Together, let’s dive into practical actions that will empower you to align your thoughts and beliefs with the frequency of abundance.
Take a moment to uncover any subconscious fears or limiting beliefs that may be holding you back. Through affirmations, visualization, or therapy, we can release these blocks and create space for abundance to flow effortlessly into your life.
- Gratitude and visualisation exercises are essential tools in your arsenal. It’s my daily go-to practice.
- Daily practice will help you connect with your desired outcome – envision yourself already basking in the success of achieving $50K months. What it looks like, feels like.
Feel the emotions associated with this achievement, as if it’s already your reality. By shifting your energy and focus, you’ll effortlessly attract the abundant opportunities that await you.
Get there faster with a coach or mentor
Seek out communities, events, and mentors who can support your growth and share your aspirations. Together, we’ll build a network of support and accountability that will propel you towards your goals.
- Start a journal to document your thoughts and beliefs. Challenge any negative or limiting beliefs that arise and reframe them into positive affirmations that fuel your success.
- Create a captivating vision board or engage in visualization exercises regularly to keep your goals at the forefront of your mind.
- Attend personal development workshops, seminars, or online courses to expand your mindset and acquire new strategies for success.
- Connect with other professionals in your field through networking events or online communities. Seek mentorship or coaching to gain guidance from experienced individuals who have walked the path to abundance.
Top 7 self-limiting belief that stop coaches from growing and scaling their soul-led business
- “I’m not experienced enough”: Many coaches may believe that they need extensive experience or a certain number of years under their belt before they can grow and scale their business. This self-limiting belief can hold them back from taking bold steps and leveraging their existing expertise to create meaningful impact.
Recognise that your unique perspective, knowledge, and skills have value. Focus on the transformation you can provide to your clients and trust in your ability to guide them towards their goals. Embrace continuous learning and refine your expertise through ongoing personal and professional development.
- “I’m not good at marketing or sales”: Some coaches may struggle with self-promotion and view marketing and sales as daunting tasks. This belief can hinder their ability to effectively reach their target audience and communicate the value of their services.
Embrace marketing and sales as essential skills for growing your business. Educate yourself on effective marketing strategies and sales techniques tailored to your target market. Seek support from mentors or experts in these areas and practice implementing these strategies with authenticity and integrity.
- “I don’t deserve success or financial abundance”: Coaches driven by a strong sense of purpose and a desire to help others may sometimes feel conflicted about charging higher fees or pursuing financial success. This self-limiting belief can create an internal barrier that prevents them from scaling their business.
Recognise that financial abundance allows you to make a greater impact and serve more people. Realign your mindset with the belief that you deserve success and abundance. Reflect on the value you bring to your clients and the positive change you create. Charge fees that reflect the value of your services and embrace the idea that financial success is aligned with your mission.
- “There’s too much competition out there”: The coaching industry is competitive, and coaches may feel overwhelmed by the number of professionals offering similar services. This belief can lead to self-doubt and a scarcity mindset, limiting their ability to stand out and attract clients.
Shift your perspective from competition to collaboration. Focus on your unique strengths, values, and approach. Define your niche and target audience, and differentiate yourself by highlighting your specialised expertise and the specific results you deliver. Embrace collaboration with fellow coaches through partnerships, joint ventures, or referral programs to expand your reach and create win-win opportunities.
- “I don’t have enough time or resources”: Coaches often wear multiple hats and juggle various responsibilities, which can lead to a belief that they lack the time or resources to grow and scale their business effectively.
Take a proactive approach to time management and resource allocation. Prioritise your tasks and focus on high-impact activities that contribute directly to business growth. Delegate or outsource tasks that can be handled by others, allowing you to focus on your core strengths and strategic initiatives. Embrace productivity tools, systems, and automation to optimize your efficiency and effectiveness.
- “I’m afraid of rejection or failure”: Fear of rejection or failure can paralyse coaches and prevent them from taking risks or stepping outside their comfort zone. This self-limiting belief can hinder their ability to explore new opportunities and expand their business.
Embrace failure as a valuable learning experience and an essential part of growth. Reframe rejection as redirection and see it as an opportunity to refine your approach. Cultivate resilience, adopt a growth mindset, and celebrate every step forward, regardless of the outcome. Surround yourself with a supportive network of peers and mentors who can provide encouragement and guidance along the way.
- “I need to figure everything out on my own”: Coaches may feel the need to have all the answers or be self-reliant, which can limit their growth potential. This belief can prevent them from seeking help, guidance, or support from others.
Embrace the power of collaboration and community. Seek out mentors, coaches, or mastermind groups who can provide valuable insights, guidance, and support. Surround yourself with like-minded individuals who understand your journey and can offer different perspectives. Remember, growth and success are often accelerated by leveraging the wisdom and experiences of others.
By identifying and challenging these self-limiting beliefs, you can empower yourself to break through barriers and scale your soul-led coaching business to new heights. Embrace a mindset of abundance, seek support when needed, and take consistent action towards your goals. Your success is within reach.
At some point you can’t grow any bigger or make any more money. You’re capped out. If you’re a solopreneur then you will be the one delivering all the coaching or healing sessions. This one-to-one service can lead to boredom and burnout.
The global e-learning market size is projected to reach around $370 billion by 2026
Global Market Insights.
Scale and Grow Business Model
Shifting from One-to-One to One-to-Many
Unlock the potential to scale your business by shifting from one-to-one sessions to one-to-many interactions. By creating group coaching programs, online courses, webinars, or live events, you’ll expand your reach and impact exponentially.
MORE TIME & FREEDOM
By incorporating group programs into your offerings you’ll actually have more time. With just one program you can be impacting hundred’s of people at the same time. You can take on less private clients and still increase revenues.
ACTIVATE & PASSIVE RECURRING REVENUE
Both these strategies create security and stability in your business. You end the feast and famine cycle of constantly chasing new clients. A constant stream of cash into your business that easily supports manageable growth through payment plans and memberships.
MORE GLOBAL IMPACT
You’ve been desiring to serve and impact more people. The virtual teaching space has revolutionised online learning that reaches more people than ever before. It’s now easier than ever before through technology and automation.
Craft group programs or classes tailored to the needs and desires of your target audience.
Foster a sense of community and shared learning experiences. Encourage your clients or students to support each other and take ownership of their progress. Let’s create an environment where collaboration and growth thrive.
Remember, we’re not just treating clients or students like family, but building a vibrant community. Nurture connections and provide networking opportunities among your audience. By fostering a supportive environment, you’ll create a ripple effect of transformation and success.
- Assess your current offerings and identify areas where you can incorporate group elements. Launch a group coaching format program to gauge interest and gather valuable feedback.
- Leverage online platforms such as Zoom or webinar platforms to host group sessions or events. Familiarize yourself with the necessary tools and technology to deliver a seamless experience.
- Develop a comprehensive curriculum or course structure for your group programs. Ensure it’s engaging, interactive, and delivers maximum value to your participants.
- Embrace the power of storytelling and community-building in your marketing efforts. Highlight the success stories of your community members and create a buzz that attracts like-minded individuals to join your journey.
Ready to break free from self-limiting beliefs and scale your soul-led coaching business to new heights?
Take action now and join the Limitless Mastermind—a transformative program designed to empower coaches like you to overcome obstacles, tap into your full potential, and create limitless success.
By joining the Limitless Mastermind, you’ll gain access to a supportive community of like-minded individuals who understand your journey and are committed to growth. You’ll receive invaluable insights, strategies, and personalised support to help you overcome self-doubt, master marketing and sales, and unlock your true potential.
Don’t let self-limiting beliefs hold you back any longer.
Take this empowering step towards creating the thriving coaching or healing business you’ve always dreamed of. The possibilities are truly limitless, and your journey starts now.