Having an impactful and gratifying job is one of the keys to happiness in life. Having a job that provides you this gratification, and can support you or your family, is far more challenging. Running a coaching business can be both gratifying and financially sustainable, but it is important to know what you are getting into before proceeding.
The first thing to note is that there is a relatively low barrier to entry compared with other fields. This means that competition can be intense, and you may be competing against coaching business' that are not set up or geared towards profitability. They may in fact be a non-profits. This can devalue the market in your area. It is important to differentiate yourself as a premium service vs