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"Career Coach Business": How to Get Started

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We can argue that the working environment of today's businesses is a lot better than what our fathers or grandfathers used to have. Ironically, people are more unhappy at their jobs than ever. Not only that, today's young generation, dubbed Gen Y, are increasingly confused about their career and life choice, even after getting a college degree with distinguished achievements.

That's why the career coach and life coach industry are increasing at a tremendous rise, with the demands of the service greater than ever. To start this business,however, you will need to have some kind of interesting experience, achievement, or life story. Experience in the HR department is preferred. However, many young entrepreneurs are also a very successful life coach, showing that this industry has no boundaries.

Interesting personality, as well as a passionate tendency to motivate people, will be a great weapon for this industry. If you think you have the knack for it, read along, here are a few tips to help get you started.

1. Startup Investment
You can start this business with zero, provided you already got a computer and a reliable internet connection. However, as your target market will be professional, having an office space will increase your credibility dramatically. The rent cost will vary depending on your location. However, looking for an office space near a college or university will certainly have its advantages. Don't forget to also include the cost of your office equipment as your initial investment.

2. Licenses or Permits
Most location won't require a special permit or license before you can engage in this business. However, it can vary with locations. Consult your local authority for a better information regarding the required permit or license.

3. Marketing Your Business
What's the best way to showcase your success stories and experiences? Start a blog. By blogging, you can gain followers that might be your potential clients in the future. Social media presence will also be necessary to reach today's young tech-savvy would-be professionals.

Maintain a good relationship with each and every client; you'll never know when they'll recommend your service to their friends or peers.

4. Research
A significant amount of research will be necessary, as today's workplaces and industries are evolving at a great pace. You'll need to update your knowledge continuously, such as the state of today's tech startups, which will be interesting for your potential clients. You'll need to have a decent knowledge about today's job availability as well as a potential career path.

Partnering with a headhunter or recruiter will be a great idea.

5. Resume Writing
Although not a must, doing a resume writing service will be an added value for this business. Many tutorials and resources are available for resume writing, but experiences will also be necessary. Remember that different industry demands different types of resume, albeit small differences.

Earning Potential

The current median earning for this industry in the U.S. is an astonishing $53,660 per year or $25.80 per hour. In some states such as new York, the average earning is as high as $70,000. Top career coaches earn $103,000 in average.

With the demands of today's workforce and fast-paced evolution of industries, this business can have a bright future.