One of the big scams I see running rampant in the online community are so-called coaches who walk people through selling their assets so that their targets can afford to pay them.
People pull out their credit cards, ready and willing to buy a dream. It’s like a drug. They figure if they just hire the right coach they’ll get the results that the other coaches haven’t gotten them so far. Unfortunately, they put themselves and their financial futures at stake when they sign up for some of these programs, which can easily range in price from tens to hundreds of thousands of dollars.
These coaches are selling a dream. They are selling the magic. If you just do “X” in your business, then you are going to be wildly successful. Some will pull out hard sales techniques, even when it means that the prospect may lose their home, have to declare bankruptcy, or worse.
It must be a crime, you’re thinking. Actually, it might not be. People are signing up for programs they can ill afford on the chance that learning how to do this one thing, or “fixing their mindset”, is somehow going to magically catapult their earnings into the stratosphere. Consumer protection? Well, that is a legal question for an attorney, but good luck getting too far, unless your coach really doesn’t show up.
It’s on you, the consumer, to decide how much to spend for coaching. I am not saying you shouldn’t spend money on coaching, rather, be mindful of your budget. There are many coaches in a wide variety of price ranges who can make a massive difference in your business. They can help you grow your business and really get great results.
I know that this isn’t a cool post, and some people who are reading it may be wondering if there really are people out there desperate enough to hire a coach like this. The answer is yes, unfortunately.
You just need to be extremely aware of what you’re spending your money on. And if you’re feeling pressured in a way that feels intimidating, it’s time to cut the cord. Run in the opposite direction. Seek legal counsel if you feel a need, but don’t go risking your home to pay for any coach.
I’ve heard too many stories around this, and it breaks my heart. Coaches aren’t magic makers, we are advisors and consultants who have some experience. With that experience, we can suggest changes to your life and business that can help you make great strides, but only if you actually do the work.
That’s the real kicker – actually showing up and doing the work. When you do that you will be invincible.
Meet the Author: Haley Lynn Gray
Haley helps female entrepreneurs create a strategy plan for their businesses – so they can make enough money to spend quality time with their family, pay for their children’s dance lessons, pay bills – and not worry about where the next client is coming from.
Haley is a serial entrepreneur and founder of Leadership Girl. She helps other entrepreneurs build their businesses by sharing the benefits of her business education and experience through Business Coaching.
Whether you want to get a new business off the ground or expand an existing business, Haley can assist you.
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