If a coach is getting calls from bill collectors all day long, they aren’t going to be 100% tuned into the needs of their clients.
Their minds will be drawn back to those money worries, and they won’t be on their “A-Game”. Their clients won’t get good results, so they won’t give them repeat business, referrals, or testimonials, and the negative impact ripples out.
I often remind coaches of a quote from Michael Beckwith: “You can’t light up the world if you can’t pay your light bill”.
Or another one that I coined: “You can’t coach on an empty stomach”.
Unfortunately, there are a lot of coaches that have messed up beliefs about money, and think that making a lot of it makes them “greedy” or “in it for the wrong reasons” …
I’d encourage those coaches to flip their thinking around, and realize how damaging a lack of money can be for their businesses, their health, their families, and their clients.
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