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Purpose and change coach: What I do and how much I make

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I'm Alistair and I'm 27 years old I'm a purpose and change coach and my salary is just over $50,000 there's primarily three buckets of coaches executive coaches career coaches and life coaches executive coaching is typically thought of as coaches that work with senior leaders in organizations career coaches typically help people go from job aid to job be and life coaches are supposed to be able to holistically address any major sphere of your life that you want to focus on for personal development be it personal relationships to wellness and I believe some do work with you in a professional in a professional context I consider myself a mixture between an executive coach and a career coach I'm not a career coach because I don't really help job changers I don't work if you send me an email and like I want to go from this job to that job I'll refer you to a colleague because that's not what I work on I work with people who want to radically redefine what their career and their professional identity looks like and I am an executive coach by training but also because I believe that at its best the most high quality coaching out there today is being provided to senior leaders in organizations and they in part people go there because that's where a lot of the money for coaching is but B it's also because we put a value as a people on leaders and organizations and we don't think we don't value as highly middle management and staff and so the work that we really do at frabill is to take that high quality executive coach coaching experience so that your CEO will get and adapt it down and make it relevant and impactful for the next generation of leaders we work with millennial executives with people in career transitions and with people that we call pioneers people who are rethinking career looks like in the 21st century and what we help them do is a craft a story by getting really clear and what their strengths and values are and be helping them craft marketplace strategy to help them go out and not only create a vision of what they want for their lives professionally but to help them make steps towards achieving that final vision state what I love most about my job is being inspired by people I am inspired by the work that people that my clients are willing to do to make changes in their life whenever I finish a session my girlfriend I have a joke that I'm like the Energizer Bunny for 30 to 40 minutes after that session I just love being in that present bubble with a client I love watching them struggle with their contradictions I love watching them you know ask questions that they never thought they would allow themselves to ask and to witness that to be witness to that is an incredible privilege and one that I never tired and I'm wholly humbled by because it all it places it places all with us within a context that that is bigger than ourselves you just see that what what can happen when when people feel like they're worthy of time care and an investment so frail is by design primarily a virtual company we have clients outside of the United States now in Canada and in Mexico and we hope that that trend will will continue in the years to come and it's primarily virtual for for two reasons a I wanted to build a design a business where I was not anchored geographically Mb I wanted to work with people outside of of where of where I lived country wise City wise and also when you think about designing a business so you have to think about the financial structure of the business and in reality every time I travel to see a client my margins get lower too so there's also the financial incentive for designing a virtual business that said sometimes clients who are in your vicinity you want to meet with you and they want to work with you face-to-face and and I do that too as found are able my responsibilities are to wear all hats that starts with constantly reworking the the vision and mission of of the company it deals with taking care of marketing which today has to do with social media management all the way to who you're trying to build relationships with as well as organizations that you might be able to partner with organizations who represent our organizational values and who we could be of service to to help their employees perform at their high are at their highest level you are the HR department you are the R&D department you are the logistics department you are the finance department you're the c-suite you're the board and you're everything in between and all in service of making sure that you do your work so that when someone pays you a hard-earned dollar to to collaborate with you that you can show up confidently and know that you're delivering the best possible service of them if Rayville has been in business for four years and each each year our revenue has continued to grow this year we're on track to clear $50,000 which is the average of what a one-person coaching business in the United State does the average coaching business in the u.s. makes around $50,000 what a coach can make or how much a coach a coaching business can make varies depending on who the market is as well as what kind of services one's providing if you are trying to build a coaching business that focuses solely on recruiting coaches to be a part of your platform and sell business to organizations that's that's one kind of model and there are some successful examples in the industry around that for example there are some very large outplacement firms that provide pools of coaches to people when they're laid off from organizations and each person gets a coach those couldn't be contracts in the millions of dollars but when you talk to specific individual one person coaching shops if you do really well and you optimize and you stay in business for seven to ten years you can look you're looking at about 250 to 300 thousand dollars at add its max the majority of coaching businesses fail the way that most small businesses fail so you're gonna have a cluster of the average who who makes fifty thousand to the in-betweens that make between that and 300 thousand and the ones that make less who you know who for either market conditions or just bad breaks just can't sustain a business model long enough to to keep it going this isn't this isn't a Silicon Valley VC kind of startup life there may be some coaching businesses that are I don't know but by and large there are gonna be periods of time where you just don't know if this is gonna if this is gonna work they're gonna be times when you start as a coach where you don't where you're not gonna you're not gonna believe quite yet that what you're doing is right or that it's working it takes some time to build up your confidence and if you're not willing to to work through the the boulders that fall and on your path if you get tired of you don't get motivated by that struggle it's it's gonna be a short-lived career for you and maybe it's not where you where you want to be the path for all of us is the place where we can get excited about fighting through our challenges not the path where we take the path of least resistance
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