David Wood | Inner Firewalking

About David Wood

For 20 years David has helped entrepreneurs around the globe to grow their results, by growing themselves. A former consulting actuary to Fortune 50 companies in New York, David quit corporate life to pursue his inner journey, which now deeply influences his work. A digital nomad, David is currently dancing salsa, paragliding, and coaching his rock star entrepreneur clients from Colombia. His specialty is doubling your productivity and profits, while halving your stress. If you become a highly authentic and inspirational leader in the process, well….that can’t be helped.

Three Testimonials

The following is an excerpt from the CoachStart Manual.

Coaching is still relatively new, so if this were a baseball game your ‘First Base’ to get to would be getting three solid testimonials. Do whatever it takes to get three managers or executives to work with you for three months each. Take a pay cut if necessary, coach in exchange for a donation to charity, or even better — charge what you like and offer a 100% money back guarantee. Let them know up front that you’ll ask for a testimonial backed by their name and company at the end, which you will only expect if you’ve done a great job.

Leza Danly on Training and Certification

The following is taken from David’s interview with Leza Danly in 10 Super Coaches.

Would you advise coaches to purse certification? If so, at what stage in their practice, and through which accrediting body?

Absolutely. Coaching certification is absolutely necessary. There are many people who are innately gifted coaches, and that’s great. Even so, coach certification offers a maturing of your skill and an opportunity to discover more of the artistry of coaching. I encourage certification through a coaching school and then to also purse credentialing through the ICF.

As for the pace, it’s a personal decision. I think there’s a lot to be said for riding the momentum of moving through the training process and into certification in a short period of time to keep a hard focus on skill and to solidify the self-image as a coach. You need to coach a lot to see yourself as a coach. Seeing yourself as a coach, having that self-image, has everything to do with your ability to create clients. If you drag it out over a long time it can sometimes feel more like a hobby than a profession.

Michael O. Cooper on Building a Practice

The following is taken from David’s interview with Michael O. Cooper in 10 Super Coaches.

What was most disheartening for you while building your practice?

I barely survived my first year as a full-time coach – and sank over $40,000 of my own money into the business and on living expenses. That was a real slap in the face. After all, I was helping my clients achieve success in their businesses and I had succeeded in other businesses before, why couldn’t I do it on my own now?

I felt like a fraud. But I also knew dozens of other coaches experiencing the same situation; some even left coaching for more security. Underneath, my fears of failing, attachment to the outcome of marketing efforts (the antithesis of attraction marketing), and stubborn resistance to positioning myself as an expert within a niche, nearly contributed to catastrophe.

Within one month of allowing success – by providing value for the joy of it, establishing a clear nice where demand already existed and trusting that I could succeed – my business quadrupled in revenue. More importantly, other coaches started sending me endorsed referrals out of the blue!

Your Coaching Service – The Details

The following is an excerpt from the CoachStart Manual.

Remember that most people have never worked with a coach before. In fact a coaching ‘structure’ is probably new to them (and you!).

You don’t have a coaching service they can buy, until you have the details. You need something they can get their mind around – wrap their arms around – so they can buy it or commit to it.

Is there a minimum commitment? How long are the sessions? Face-to-face or via phone? Is e-mail support provided? Are results guaranteed? What will be expected of me? What can I count on the coach for? What are your coaching hours? Are there any bonuses you provide? Are you available in between sessions? Do I have to pay in advance? What forms of payment do you accept? What if I want to stop half way? What if I want to miss or postpone a session?

Once you have answers to these questions, you have a coaching service. At this point you will have something your potential clients can say YES to, when you invite them at the end of an Exploratory Session.

Rachel Pryor on Finding Initial Clients

The following is taken from David’s interview with Rachel Pryor in 10 Super Coaches.

What top three methods, in order, did you use to get your clients in the first 2 years?

In the first 2 years, I committed to never getting a client through my network – I wanted to start again. So I attracted media attention, and clients came through articles. It took around 3 years to have a totally self-sufficient, referral-based practice.

However, coaching is no longer ‘news’ so I would recommend that coaches get clients through doing what they enjoy – if it is speaking, writing (internet-based publications are always looking for new material), or finding more original ways to enjoy themselves and become known.

I also mentored other coaches for 5 years or so, though I made sure that I never had more than 1/3 of my practice made up of coaches, because I felt that would become unreal.

Creating a Product

What kinds of products are we talking about? You could do a book, I don’t recommend it. You could do an e-book, you could do a special report that’s like 17 pages. You could an mp3 which is an audio file, just a simple recording. You can someone interview you and sell your interview for $9.95. There are many different things you can do. You can create video now online. If you don’t know how to do it and many of you do now because of Ezra; he’s getting into that. It’s so simple. You can go on Facebook now and if you’ve got a webcam, you go on Facebook and you click a couple of buttons and it records video and puts it on your Facebook account. That’s really not difficult to do. What I suggest you do to get started is you create an audio product, and we’ll get soon into how to do that.

Posts by David Wood