You have invested time and money in personal development and your teaching credential. You’ve worked hard to attract your ideal customers, and your reputation means everything to you. But don’t let everything go up in smoke because of a lack of concise communication of your terms of reference provided by the teaching contract.
Four reasons why every business coach needs a coaching contract:
1. Make trust
A well-written teaching agreement means that conflicts are less likely to occur. In the event of a dispute, you have legal recourse. Trust is built through open and transparent communication. A well-written contract will demonstrate that the coach understands the client’s journey and will develop the knowledge, appreciation and trust necessary for the coach’s success.
2. Manage expectations
Business coaching relies on clients taking action to get results. Therefore, managing expectations about both actions and outcomes is key to reducing the likelihood of disappointment (and litigation).
Expecting the customer to read your mind about what is expected of them and how you work is not good, and the recipe for confusion and distrust that will affect the reputation of your business administration. A coaching contract must be clear about the client’s expectations and your scope of work. This will protect your name from accusations of poor service or incorrect delivery.
3. Cash payment
Money hunting is stressful. A teaching contract with clear information about fees and payment terms means less money chasing – your client has a process to refer to.
Essentially, the management agreement provides a formal legal framework that does not involve difficult negotiations that take the fun out of business.
4. Protect your business
Business coaches help clients grow their businesses, attract more clients, and make more money. If you make these promises in your coaching business, a clearly written statement about the extent of the results your coaching business will provide will protect you from unreasonable expectations and misleading advertising claims under the law. customers.