Financial Coach Academy Blog - Ideas and Advice for Financial Coaches

Tough Client Conversations: When Your Coaching Style Isn’t Working

Here’s the scenario: You get an email from your client. It’s not a good email. In it, they say they’re not sure if your coaching style is working for them. They still want to have a conversation, so the door is not closed, but it’s not as open as you may have thought. What do you do? Beg them to stay? Call it quits? Close up shop and do something else with your life entirely? (Definitely, no to that last one. You got this.) First, let me say this: This kind of email isn’t uncommon. If you've been in business [...]

By financialcoachacademy|2019-09-24T17:22:08+00:00September 24th, 2019|

How Many Financial Coaching Clients is Too Many? Here Are Three Considerations

It's a hard balance to figure out: How many financial coaching clients can you take on before you feel overworked and spread too thin? There's no magic number that works for everyone. At the height of my coaching, I was doing 40+ hours of just coaching sessions in a week (so 40 1-hour sessions probably), but I do not recommend that. I was pretty burnt out, and my business at that time was not scaled properly. Chalk it up to growing pains. But looking back now, I can say there are ways to help you figure out how many clients [...]

By financialcoachacademy|2019-08-31T20:22:22+00:00August 31st, 2019|

From One Experienced Financial Coach to Another: You Got Skills

It's not often this girl gets surprised during a client meeting, so I have to share something that happened last week. I've worked with this client (I'll call her Jenny) for probably 7 or 8 years. It’s been a long time. Jenny is amazing - she’s driven, coachable, honest, self-aware, giving, caring, you name it. Jenny is the best. We have met every two weeks, if not more, for the better part of the last decade, so as you can imagine, I know Jenny pretty well and she knows me. Our journey together has been gratifying for both of us. [...]

By financialcoachacademy|2019-07-24T15:06:49+00:00July 24th, 2019|

Tough Client Conversations: When Your Client is Ghosting You

Your client paid for their sessions, up front and in full. YAY! That’s great. But now, all you hear are crickets. You’ve tried reaching out several times to move them forward in your coaching process, but they are unreachable. You are being ghosted. Or maybe every time they respond, it is only to reschedule for some date a few months away. That’s not so great. If this description fits one of your clients, here are a few things to keep in mind and ways to move the process forward. Lead with Compassion and Concern in Your Outreach You never know [...]

By financialcoachacademy|2019-07-06T18:14:30+00:00July 6th, 2019|

Financial Coaches Unite 21-day Business-Boosting Challenge

CHALLENGE NOW CLOSED - CHECK BACK FOR OUR NEXT ONE! We are so excited for our 21-day Business-Boosting Challenge to kick off on July 15th!! It's just 21-days long --->You can do ANYTHING for 21 days!! :) We are on a mission to empower financial coaches like you to up-level your business, achieve greater results with your clients and overall, grow as an entrepreneur and as a person! Chances are, you excel with a little bit of friendly competition and positive peer pressure - well this challenge is perfect for you then! Every day there are a number of activities [...]

By financialcoachacademy|2019-07-15T22:58:20+00:00July 3rd, 2019|

The Many Faces of a Financial Coach – Lisa Duke

The purpose of The Many Faces of a Financial Coach blog series is to inspire up-and-coming and veteran coaches alike. Our mission is to show the beautiful uniqueness to coaches overall while telling their story, describing their niche and allowing them to offer tips & advice to other coaches. Profiles of coaches are not necessarily participants or graduates of the Financial Coach Academy training program (although some are). It's purely for inspirational purposes only. Name Lisa Duke Website https://LisaDuke.net When did you start your Financial Coaching business? April 2018 Tell us about your journey to becoming a financial coach. [...]

By financialcoachacademy|2019-05-28T04:03:27+00:00June 3rd, 2019|

The Many Faces of a Financial Coach – Kelly Harrell

The purpose of The Many Faces of a Financial Coach blog series is to inspire up-and-coming and veteran coaches alike. Our mission is to show the beautiful uniqueness to coaches overall while telling their story, describing their niche and allowing them to offer tips & advice to other coaches. Profiles of coaches are not necessarily participants or graduates of the Financial Coach Academy training program (although some are). It's purely for inspirational purposes only. Name Kelly Harrell Website https://www.moneytreeacademy.com/ When did you start your Financial Coaching business? Spring 2015 Tell us about your journey to becoming a financial coach. [...]

By financialcoachacademy|2019-05-28T03:55:33+00:00May 28th, 2019|

Tough Client Conversations: Your Client Made a Poor Choice and Can’t Afford to Pay You

We had a situation with a client at Fiscal Fitness recently where they couldn’t afford our services because of some poor decision making. We work with them on a monthly basis and our monthly payment was coming due. But between our previous session with them and the one that was coming up, they decided to sign up for a CrossFit membership. This expense was not in their budget, and by signing up for this membership, it meant they didn’t have the funds to pay us. This was frustrating. But I wasn’t frustrated about their inability to pay me. It [...]

By financialcoachacademy|2019-05-22T17:08:35+00:00May 22nd, 2019|

Tough Conversations: How to Break Up with a Financial Coaching Client

Breakups are hard. No one likes being broken up with and few people like breaking up with someone. It’s uncomfortable and raw and usually leads to more questions than it does answers. If you are fortunate to be in business for a long time, chances are you’ll need to end a relationship with one of your clients at some point. And this is going to be a tough conversation. Here are a few ways to help you have the right words but also evaluate if it really is time to end it all. Before You End It Before you start [...]

By financialcoachacademy|2019-05-01T15:10:41+00:00May 1st, 2019|

How Your Financial Coaching Business Benefits from Clients Who Don’t “Get It”

Let’s say you have a financial coaching client who has been working with you for only a month or two. It hasn't been a super long relationship, but even after this short period of time, you can tell they're simply not getting it. They're not getting great results or maybe they're not moving as fast as you would like. Perhaps it feels like you take two steps back for every step forward. When you talk to them, you say things like “You did what since we talked last? What do you mean you just bought a new car?” In short, [...]

By financialcoachacademy|2019-03-27T15:29:46+00:00March 27th, 2019|

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