To start a coaching business, you need to understand the steps stated below.
Choose Your Niche & Target Market
Before starting your business, you must sit and ponder over the niche you want to pick. You need to decide who you want to serve and what specific problems you want to sort for people. This will interest you and help you stand out amongst your competitors and attract your ideal clients. Some common health and wellness coaching niches include:
- Weight Loss and Nutrition Coaching
- Holistic Wellness (Mind, Body, and Spirit)
- Stress Management and Mindfulness
- Fitness and Exercise Coaching
- Sleep Coaching
- Corporate Wellness Programs
- Get The Right Certificate & Training
Certification programs are geared towards teaching an individual, coaching skills, behavioural change approaches, and setting the codes of ethics that the professionals ought to abide by. Getting accreditation from a reputable professional institution elevates your standing as a coach. A few of the more widely known ones are listed as follows:
National Board for Health & Wellness Coaching (NBHWC): The National Board for Health & Wellness Coaching (NBHWC) is an international authority that regulates the standards of health and wellness coaching. It provides board certification of health and wellness coaches upon meeting certification requirements such as completing an NBHWC-approved training course, accumulating 50 coaching hours, and passing a certification exam. Willi is a reputed health and wellness institution which offers programs in health and wellness coaching in accordance with the NBHWC standards.
Healthcare Sector Skill Council (HSSC): The Healthcare Sector Skill Council (HSSC) has been established to address the existing disparity between India’s healthcare workforce requirements and the available skills in the country. It was set up under the Ministry of Skill Development and is partnered with bodies such as the National Skill Development Corporation (NSDC). The Council’s objective is to formulate and execute appropriate training modules for healthcare practitioners which is in turn, improving the quality of healthcare services and managing the rising skilled manpower deficiency in the industry. Weljii offers a comprehensive Health & Wellness Coach certification program, designed to equip individuals with the skills and knowledge required to become certified health and wellness coaches, ready to help others adopt sustainable lifestyle changes. The training is provided in collaboration with the Healthcare Sector Skill Council (HSSC), ensuring that the program meets the latest industry standards, making it highly credible.
Establish Your Own Coaching Programs & Services
With a niche area of practice, consider designing various coaching services. Options include:
- Individual Coaching Sessions (One-on-One Personalized Coaching)
- Group Coaching Courses (More cost-effective and easier to market)
- Workshops or Seminars (Provide instructional services for a greater number of students)
- Online Courses or online health coaching services (Provide residual income)
- Pricing is crucial. Decide whether to bill by session, by package, or through a monthly subscription.
Develop the Business Entity Legally
If you are to work professionally, you will need to register a business. See an attorney or tax advisor to ensure compliance with relevant jurisdiction regulations. Some of the more important actions involve:
- Select a Business Entity Type (Select a business structure: LLC, Solo, etc.)
- Establish a Business Trademark
- Acquire Any Required Local Service Certificates (Depending on where you live)
- Purchase Professional Liability Insurance (To minimize risk)
