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#360 Why I closed my group coaching program
Manage episode 414150206 series 3562085
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Suzanne explains the decision to close down her group coaching program 'Why W8?' after running it since 2019.
Suzanne discusses the misconceptions about the profitability of group programs, detailing the financial and time costs involved, including taxes, delivery costs, and the intensive effort required to provide quality, live coaching.
Suzanne breaks down the numbers to show why the program is no longer financially viable with fewer than ten participants per cohort and highlights the importance of transparency in business practices within the coaching industry.
Suzanne also touches on her future plans, transitioning to one-to-one coaching in the meantime.
In this episode Suzanne talks about:
- Realities of Group Coaching
- Financial Breakdown
- Time Commitment
- Considerations for Program Viability
- Future Plans
- Transition to One-on-One Work
- Business Model Reflection
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