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 educationKey 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 managementImportant questions to ask about serving your clients while sustaining profitabilityYour coaching practice: Hobby or Business?Making decisions around business buildingThe 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<a...