Episode 51: The Real Truth About Six Figures

A big part of having a thriving and sustainable coaching business has to do with revenue, but that’s just one piece of the puzzle. Today I’m sharing the side of six-figures that’s often left out and how you can choose metrics of success that make sense for you and your business.
Truth About Six Figures Ep 51 Blog

51: The Real Truth About Six Figures

It feels like you can't open Facebook, scroll through Instagram, or listen to a podcast without being bombarded with messages about how important it is to get to six figures in your business. As a new business owner, I got wrapped up in that messaging and saw firsthand how destructive it can be.

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Show Notes

It feels like you can't open Facebook, scroll through Instagram, or listen to a podcast without being bombarded with messages about how important it is to get to six figures in your business.

As a new business owner, I got wrapped up in that messaging and saw firsthand how destructive it can be. That's why today I’m sharing the reality of a six-figure coaching business and whether a six-figure business is the right goal for you.

We are the only ones responsible for deciding what matters to us and for creating our own metrics of success. I feel very strongly about this and I hope you’ll come to find me on Instagram (@CoachWithClarity). I know we can have some powerful conversations around it.

 

Topics covered

  • My working-from-home reality in 2021
  • The trap I fell into about hitting six figures in your business
  • Looking behind the six-figure messaging
  • The lesson I learned from my first high-ticket business investment
  • The important numbers we don’t hear about
  • Overhead advantages for coaches
  • Non-financial metrics of success
  • Finding your central motivation

Resources mentioned

Now it’s time for you to show the world what it means to be a Coach with Clarity! Screenshot this episode and tag me on Instagram @coachwithclarity and let me know what you’re more excited to explore in future podcast episodes!

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TRANSCRIPT

 

Well, hi there friend. Welcome to the Coach with Clarity podcast, my name is Lee Chaix McDonough, and thank you so much for joining me for this week's episode. So, full disclosure, like many of you, I am working from home and I also have two school-aged children who are home with me doing online school because of the current coronavirus pandemic. So they are doing their work, I am doing mine. Usually, that works out really well but full disclosure, if you hear anything in the background, it might be them. I may even have to pause while I'm recording this just to make sure that everything's okay. Every now and then one of them might need help with a math problem or with an English assignment and I'm just sharing this in full transparency because I know a lot of you are balancing work and family and maybe a side hustle, and health and relationships. And there's so much that we are juggling right now and we are all in this together. So I just wanted to be upfront with you right at the start that that is absolutely where I'm at in my business and in my life, and we're all in this together. So I am keeping my fingers crossed that I will be able to record today's podcast episode without too many interruptions but you know what? This is life in 2021, and maybe that's one of the silver linings to all of this is that we are each in a position now where we can extend each other, more grace, more compassion, more understanding because all of our lives have been turned upside down over the last 14 – 15 months now. We're still figuring out how to manage through it and I don't know about you, but I almost find it relieving when I'm listening to my podcast, or I'm seeing my local newscaster report from home and their child or their dog comes into frame. It just reminds me that we're all human and we're all doing the very best we can during very trying times. 

 

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