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438: Be a Profitable Coach with Dr. Stan Ward, PCC
Does your profitability need a makeover? Today’s show covers simple, yet powerful systems that can help you know your numbers and get out of your way to become the truly profitable coach you want to be. Managing our money and setting up accounts properly are foundational aspects of profitability, and keeping our finances steady amid ups and downs is crucial. Join us to learn more!
Dr. Stan Ward of Influence Coaching works with leaders to help them reduce unnecessary conflict, beat burnout, and create sustainable positive change. As a leadership coach, author, and educator, he has been part of the Texas Coaches Coalition Retreat for many years, bringing his entertainment talents and musical skills to share with everyone. Dr. Stan is all about coaching, leadership, and helping coaches thrive, and he brings that passion to our show today. Catch his previous appearance on the STaR Coach Show in Episode 293, The Power of Self-Care.
Show Highlights:
- Stan’s journey to coaching and mentoring–after a stint in education
- Key systems for profitable sustainability in coaching:
- Bank account structures (personal, operations, taxes, retirement, and emergency)
- Pricing and charging (a formula to figure the numbers accurately based on your “necessary” income)
- Giving yourself permission to prioritize self-care and energy management
- Important questions to ask about serving your clients while sustaining profitability
- Your coaching practice: Hobby or Business?
- Making decisions around business building
- The formula for burnout awareness: Energy in (boosters)--Energy out (drainers) x Time (Think about your work-life balance!)
- Daily ABCs: Author, Build, Care, Develop, and Enjoy.
- Stan’s new group program, The Profitable Coach (a 60-day program). Connect with Stan to find out more through his newsletter.
Resources:
Connect with Dr. Stan Ward: LinkedIn, How to Beat Burnout for Yourself, Your Family, and Your Team, and Ethical Leadership: A Primer
Follow Stan’s for weekly resources that help you lead others without exhausting yourself.
Take the Cash Flow Confidence Quiz to determine what you need to implement now if you want to stress less about your business finances: Quiz
Connect with Meg:
ENROLLING NOW FOR THE SPRING MENTOR PROGRAM BEGINNING IN APRIL 2025 and the FALL MENTOR PROGRAM, beginning in August. Click here for more information and sign up now!
Explore the STaR Coach Community and see what’s available there for you!
Visit the STaR Coach Show YouTube Channel! Subscribe today! Join our live show taping on the 3rd Thursday of every month at 1 pm CT.
Explore past episodes and other resources at www.STaRcoachshow.com.
Mentioned in this episode:
Enroll More Clients: Clarity Sprint
Do you love coaching, but when it comes to enrolling clients, writing your bio, or posting online, you freeze? Or fall into “coach speak” that doesn’t actually connect?
That’s not a you problem. It’s a messaging problem—and it’s costing you clients.
Join me for my free, live five-day experience: Enroll More Clients: Clarity Sprint. From March 16–20 at 9 a.m. Central, I’ll help you get crystal clear on your ideal client, refine your message so it actually resonates, and create a confidence statement that makes booking a call the obvious next step.
No fluff, just clarity, you can use immediately.
Grab your free spot at:
https://starcoachshow.com/5day
Enroll More Clients: Clarity Sprint
Join Mentoring Program!
If you’re a coach who wants to grow—not just check a box—this is for you.
I’m enrolling coaches now for my Spring Mentoring Program. Some are here for credentialing hours. Others are here because they want to become the coach their clients rave about.
Inside the program, we work on your actual coaching.
You’ll hear yourself differently.
Learn from other coaches.
Develop more presence.
And ask questions that create real transformation.
If you’re ready to deepen your skills and your impact, I’d love to support you.
Learn more at starcoachshow.com/mentor
I’d love to work with you.
View all episodes
By Meg Rentschler
5
132132 ratings
Does your profitability need a makeover? Today’s show covers simple, yet powerful systems that can help you know your numbers and get out of your way to become the truly profitable coach you want to be. Managing our money and setting up accounts properly are foundational aspects of profitability, and keeping our finances steady amid ups and downs is crucial. Join us to learn more!
Dr. Stan Ward of Influence Coaching works with leaders to help them reduce unnecessary conflict, beat burnout, and create sustainable positive change. As a leadership coach, author, and educator, he has been part of the Texas Coaches Coalition Retreat for many years, bringing his entertainment talents and musical skills to share with everyone. Dr. Stan is all about coaching, leadership, and helping coaches thrive, and he brings that passion to our show today. Catch his previous appearance on the STaR Coach Show in Episode 293, The Power of Self-Care.
Show Highlights:
- Stan’s journey to coaching and mentoring–after a stint in education
- Key systems for profitable sustainability in coaching:
- Bank account structures (personal, operations, taxes, retirement, and emergency)
- Pricing and charging (a formula to figure the numbers accurately based on your “necessary” income)
- Giving yourself permission to prioritize self-care and energy management
- Important questions to ask about serving your clients while sustaining profitability
- Your coaching practice: Hobby or Business?
- Making decisions around business building
- The formula for burnout awareness: Energy in (boosters)--Energy out (drainers) x Time (Think about your work-life balance!)
- Daily ABCs: Author, Build, Care, Develop, and Enjoy.
- Stan’s new group program, The Profitable Coach (a 60-day program). Connect with Stan to find out more through his newsletter.
Resources:
Connect with Dr. Stan Ward: LinkedIn, How to Beat Burnout for Yourself, Your Family, and Your Team, and Ethical Leadership: A Primer
Follow Stan’s for weekly resources that help you lead others without exhausting yourself.
Take the Cash Flow Confidence Quiz to determine what you need to implement now if you want to stress less about your business finances: Quiz
Connect with Meg:
ENROLLING NOW FOR THE SPRING MENTOR PROGRAM BEGINNING IN APRIL 2025 and the FALL MENTOR PROGRAM, beginning in August. Click here for more information and sign up now!
Explore the STaR Coach Community and see what’s available there for you!
Visit the STaR Coach Show YouTube Channel! Subscribe today! Join our live show taping on the 3rd Thursday of every month at 1 pm CT.
Explore past episodes and other resources at www.STaRcoachshow.com.
Mentioned in this episode:
Enroll More Clients: Clarity Sprint
Do you love coaching, but when it comes to enrolling clients, writing your bio, or posting online, you freeze? Or fall into “coach speak” that doesn’t actually connect?
That’s not a you problem. It’s a messaging problem—and it’s costing you clients.
Join me for my free, live five-day experience: Enroll More Clients: Clarity Sprint. From March 16–20 at 9 a.m. Central, I’ll help you get crystal clear on your ideal client, refine your message so it actually resonates, and create a confidence statement that makes booking a call the obvious next step.
No fluff, just clarity, you can use immediately.
Grab your free spot at:
https://starcoachshow.com/5day
Enroll More Clients: Clarity Sprint
Join Mentoring Program!
If you’re a coach who wants to grow—not just check a box—this is for you.
I’m enrolling coaches now for my Spring Mentoring Program. Some are here for credentialing hours. Others are here because they want to become the coach their clients rave about.
Inside the program, we work on your actual coaching.
You’ll hear yourself differently.
Learn from other coaches.
Develop more presence.
And ask questions that create real transformation.
If you’re ready to deepen your skills and your impact, I’d love to support you.
Learn more at starcoachshow.com/mentor
I’d love to work with you.
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