#131 - Understanding the Business Fundamentals of Growing a Million Dollar Coaching Business w/ Farshad Sarrafi

#131 - Understanding the Business Fundamentals of Growing a Million Dollar Coaching Business w/ Farshad Sarrafi

52:31 Apr 25, 2024
About this episode
In this episode of the Dollars and Dumbbells podcast, host Justin Green interviews Farshad Sarrafi, co-founder of Beyond Built.They discuss: the impact of pricing strategies on client acquisition and retention, and the importance of building a skilled team. the necessity of understanding business fundamentals, such as market positioning and the value of a premium service. Trends in the coaching industry, including the shift towards group models and community-based services, and the critical role of building an engaged audience for success. Connect with Justin Green⁠⁠ Schedule a 1:1 Free Intro Call⁠⁠ ⁠ Farshad Sarrafi on Instagram Time Stamps 01:36 Reflecting on Growth and Change: Coach Far's Journey 04:06 Evolving Beyond Built: Strategies and Lessons Learned 19:42 Building a Team and Cultivating Success in Online Coaching 28:52 Transitioning from Solo to Team: The Hiring Journey 29:32 Early Hiring Decisions and Mentorship Insights 30:03 Building a Profitable Coaching Business: Strategies and Challenges 31:57 Client Retention vs. Acquisition: Balancing the Business Dance 34:34 Pricing Strategies for Sustainable Growth 37:04 The Long Game: Building Skills for Business Success 38:25 Exploring Low Ticket and Group Coaching Models 40:12 Building an Engaged Audience: The Key to Success
Select an episode
0:00 0:00