Share Your Business Coaching Stories

[Matthew Cervoni]

Hello BP! 

I want to hear your coaching stories, both good and bad experiences ~ whatever you have had! 

My accounting business just used a coach who helped us increase monthly recurring revenue by 30%. I believe things worked so well because his business is very closely aligned with where I want my business to be. He also had pre-recorded lessons so I could learn about him and his background before taking time to talk to them personally (usually the highest $ value). 

While this experience has been very good for us, I know there are experiences where coaching turns out to be a sunk cost. 

I'd love to hear your stories as I think it will help investors who are considering getting a coach but not sure where to start or what to look for! 

[Shiloh Lundahl]

@Matthew Cervoni Good question about coaching.  Here on BiggerPockets you usually find two types of people, those who want to figure everything out on their own who despise paying for coaching, and those who find the value in and are willing to pay for coaching.  As for me, I have paid for coaching and it has helped me significantly increase my net worth over the past 6 years.  I also provide provide real estate coaching and 10 out of 12 people I have coached have purchased cash flowing properties that have increased their net worth by 30k to 500k during the year of coaching.  So personally, I am a fan of coaching.  

The key to coaching is find a coach that has done or does what it is that you want to learn to do. Someone with a good track record themselves and that has a good track record for their students. Then it is important to have direct access to the coach to help you analyze and deals and put together a system of getting deals.  But the most important key I would say that is important in having success with a coach is the student's willingness to put in the work in order to become successful.  In other words, it doesn't work, unless you work it.