Embarking on the journey of starting a health coach business can be both thrilling and rewarding. As a health coach, you have the incredible opportunity to inspire and guide individuals toward a healthier and happier lifestyle.
However, to transform your passion into a successful business, careful planning and execution are essential. Most importantly, you need the right documents and legal templates to get your coaching business off the ground.
Does this sound like a lot of steps? Don’t worry!
We’re here to show you our tips on how to start a health coach business. Read on to learn more about how to get your coaching business started. Also, read to the end to see the two critical steps most coaching startup owners overlook.
1. Niche Down!
In the health coaching industry, you likely face a lot of competition. Luckily, you can set yourself apart by finding out your specialty or niche.
Determine where your strengths and expertise lie. Do you specialize in weight loss? Are you a coach for the pros? Are you more into the whole holistic lifestyle scene?
Whatever your answer is, stick with it. By working with what you’re best at, you’ll stand out easily and know full well what services you can offer and guarantee.
2. Name Your Business
Another way to stand out is by having a neat name to go with your business. Whatever you choose to name your coaching business, ensure that it’s available.
You can find out what’s available at the Trademark Office’s site. Once you see that nobody has the business name you want, you can register your business’s name on the site too. Learn more about searching your business name here.
3. Form an LLC
There are many types of corporate entities or business structures. Since you’re just starting, you’ll want to operate as an entity where you have full control and are able to enjoy the protection of your assets at the same time. This is where registering as an LLC comes in.
Drafted Legal will file your LLC for you within 7 days. Make sure it’s done right by using this company that is managed by a business lawyer.
4. Get an Employer Identification Number (EIN)
You’ll need an EIN for several purposes. Mainly, it’s necessary if you plan on hiring a worker or two. You’ll also need it when you open a bank account (we’ll talk about this later).
The EIN is a tax ID number for business owners. To get an EIN, you need to apply for one at the IRS website.
5. Get a Business Bank Account
When you run a business, you’ll want to separate your personal finances from the finances of your business. To do this, you’ll need a bank account specifically for your coaching business.
Getting a business bank account is possible with any bank. However, once you mention that you’re opening it for your business, banks will often ask you for your EIN.
6. Marketing: Establish a Strong Online Presence
Everything is online these days. In today’s digital era, having a robust online presence is crucial for business success.
First, build a professional website showcasing your services and testimonials. Also, don’t forget to add a blog with valuable health-related content.
You’ll also want to engage actively on social media platforms. Doing so enables you to connect with your target audience, share insights, and grow your health coaching community.
7. Get Legal Documents and Contracts
As a business, you’ll want to draw up some contracts for employees, contractors, and clients. However, be aware. Drafting legal documents with an attorney will incur legal costs. You may be better off drafting your documents yourself — or, if you want an easier solution, get your documents from us!
Start Your Coaching Business the Easy Way With Drafted Legal!
What if you could shorten everything to just a few steps? At Drafted Legal, we can make that happen!
Our LLC Startup Pack enables you to get your coaching business off the ground by just filling in a few forms. Send the forms to us, and we’ll do the rest.
Also, get pre-drafted legal documents when you purchase our Coaching Bundle. It has everything you’ll need, including contractor agreements, privacy policies, waivers, and many more.
Starting your coaching business LLC has never been this easy. Get your coaching business off the ground with Drafted Legal.