Monthly QA with Jennifer September 2023

<p>Here are the questions for this GPS Business Podcast Q&A:</p><p><strong>Do I need to get capital or a loan to start a business?</strong></p><p>Depends on the kind of business – if you are producing or manufacturing or selling products that you have to make then yes you will need start-up capital.</p><p> </p><p><strong>What’s the best way to start making money in a business?</strong></p><p>This is a great question because every single business coach in the industry today never talks about this. They refer to profits (when they mean revenues) and wave a few numbers around, like ‘6 figures’, but no one addresses the important issue of revenue and cash flow. I do, it’s the foundation of my business training because you must make money in your business or you will be out of business. </p><p> </p><p><strong>When is the best time to start a coaching program?</strong></p><p>What is coaching and how do you define it? </p><p>Coaching individual or group is always a good way to work with clients.</p><p>You can offer coaching services at any time, with both individual or group coaching.. </p><p>Biggest mistake people make – charging too much and making programs that are too long. And offer a price point customers can afford – group coaching is less expensive than individual coaching and a paid master class is also a low cost option that generates revenue, educates your audience and is an opportunity for you to offer training and information and share your expertise.</p><p>Don’t shame yourself because you do not have 1000 people in your group from the outset. Everyone begins at the beginning and having fewer people at the outset is a blessing because you get to fine tune the program with their feedback.</p><p> </p><p><strong>How do you handle difficult clients?</strong><br />Depends on what they do – I do not tolerate abuse or criticism and if that happens I fire them and block them from purchasing</p><p>If they attack you verbally or online, there are legal remedies for that. Do not tolerate it.</p><p>Get an attorney to w