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Leader2Entrepreneur Transition Guide

Starting a consulting, coaching, and/or training business requires a clear plan and strategic approach. This guide breaks down the process into eight key phases to help you navigate from idea to successful enterprise.

Phase 1: Consideration

Evaluate your readiness and market demand. Conduct a reality check, self-assessment, and consider your mindset and expectations to ensure you’re prepared for this transition.

Phase 2: Moving Forward Foundations

Lay the groundwork with thorough market research. Select your niche, craft your signature story, and define your unique selling proposition. Establish your business identity, join professional associations, and set clear goals.

Phase 3: Business Start Up

Formalize your business operations by naming your business, choosing a structure, and securing necessary licenses and permits. Set up financial systems, determine your operating region, mitigate risks, and establish operational and efficiency systems.

Phase 4: Product and Service Development

Develop your core offerings by deciding what services and products to provide. Define your ideal customer, determine your pricing models, and build a sales funnel to attract and convert clients.

Phase 5: Marketing and Promotion

Create a comprehensive marketing strategy. Start with simple steps, select appropriate marketing strategies, detail the customer journey, and use your signature story to build a strong brand presence.

Phase 6: Business Plan

Adopt a lean approach by completing a one-page business plan and establishing your go-live date. Prepare to overcome initial challenges and refine your business model as needed.

Phase 7: Growing Your Business

Focus on increasing your bottom line and scaling your business. Implement strategies to expand your client base, enhance service offerings, and optimize operations for growth.

Phase 8: Exit Strategy

Plan your long-term goals, whether it’s selling the business, passing it on, or transitioning to a different role.