The biggest expenses are costs typically paid by the employer separately from salary (e.g. self-employment taxes and health insurance together are about $16,000). The next largest is outsourcing some work to help me scale coaching.
This question is too broad for me to fully answer, but checking out the productivity tips on my fb page and reading Deep Work are probably decent places to start.
I wrote up some advice for people interested in becoming coaches a while ago, you can check it out here.
I average about 13 calls a week (which works out to about $80,000 a year), and about 40% of total revenue goes to business expenses (which leaves a salary of <$50,000).
1. The NPS is 39. However, I’m not sure exactly how to interpret it. Broadly speaking, scores above 0 are considered good, but it depends a lot on the industry and I don’t have benchmarks within the coaching industry for comparison. It would be really interesting to see how this compares with other EA orgs, e.g. EAG.
2. The number of hours added is an effect size – standardized effect sizes are usually used when the mean difference is hard to interpret. Since I only have the estimated change (and not the baseline value), I can’t calculate a cohen’s d right now. For the fun of it, I made up baseline values for how many hours people work a month to see what it would be. If I assume each person worked a randomly chosen value between 100 and 200 hours per month before coaching (using randbetween in excel), d = .5. If I assume each person worked a randomly chosen value between 140 and 180 hours per month, d = .9.
3. Sadly, I don’t have data from the 7% clients who didn’t complete four calls. A few dropped out because of physical or mental health reasons. The few more said productivity coaching wasn’t what they needed at the time after all. I’m assuming the rest didn’t think it was worth continuing for one reason or another.
4. I’m working on it! I recently did a four-week writing challenge to kick start that process – you can view the posts here.
People generally profit most from working with me if they have a clear area(s) that they know could be improved in order to more effectively accomplish their goals, but haven’t yet successfully fixed it. I generally think the returns are good if improving could save you a couple hours a week that then is used more impactfully.
When discussing outcomes, I encourage my clients to try estimating what the concrete impact has been, so I can get a sense of what each person means rather than vague ideas such as “much more productive”. So most of them are estimates based on their personal judgments.
I think the difference is along the lines of a lighter touch, ongoing intervention space vs a one-time, immersive experience. My coaching is focused on implemented changes to your mindsets, strategies, and habits in your daily life. I view this as a structured approach to making gradual changes that last. My understanding is that CFAR, on the other hand, aims to immerse their participants in an unusual context with specific tools and ways of thinking intended to rapidly open you up to new ways of thinking and acting. I don’t think they are mutually exclusive since you’ll take away different things from both.
Hey, sorry for the late replies. Didn’t realize there weren’t notifications for comments.
Good question. You could get a lot of the benefit of working with me from another good productivity coach. I think there is some benefit of working with someone within the EA community, which has somewhat different goals and norms than the general population. I expect my coaching may be particularly more helpful when you’re trying to make life decisions. Given my personal goals and the EA grant, my coaching is also more accessible, compared to that of other coaches, for members of the EA community/people contributing toward impactful causes.