What is a reasonable expectation for building a coaching practice?
A new business (ANY new business — not just coaching) usually takes at least three years to develop to the point of really being “established”. As far as income potential, that varies hugely depending on the niche markets being targeted and the vision an individual coach has for what they consider to be a successful coaching business. Some are only looking to pick up an additional source of income, so $10 – $20,000/year in something they can do from home is very attractive and constitutes success for them. Others are wanting to transition out of their previous work altogether and are able to bring in $60 – $80,000 or, with multiple streams of income (telegroups, teleclasses, speaking/writing, etc.) Some coaches are making well into the 6-figure range.
