A recession may or may not be coming because of Covid (and in the UK we have Brexit as well, adding to the unknowns).
Should we worry? In particular, if you are in the training business? Or thinking of getting into it?
After 20 years of regularly thinking I’m going to run out of work, thinking “This time it really IS serious”, and then never having actually run out of work, I would say that it’s not a problem – and here’s why:
1 – in any time of change, some organisations will be doing well, and we only need to find and look after about 30 to live off as a self employed trainer. Currently I know that accountants are very busy, so are IT companies, and anyone selling anything online; sheds and garden plants are up, DIY and house improvements all doing well. Food and other essentials are unaffected. Car sales have been up recently, catching back up due to pent-up...
It’s interesting how our weaknesses are also our strengths. (Though if you’re asked at an interview for your biggest fault I wouldn’t use any of what follows…!)
I’m being interviewed for a podcast about successful local business people, and it has got me thinking about what’s made me successful as a trainer ~ because I have happily survived, prospered really, doing it for 20 years. My diary has been nicely full every year, I get plenty of repeat work and recommendations, and I’ve gradually put my prices up over the years, so I think that constitutes success. But how did I do it? Why me?
And I think there are four things that have been key
Nothing very earth shattering, I know – I wish I could claim “clever strategic planning”, and “charisma”...
There are only six options, and this little flow diagram will help you to think about your future life…..
The six career options – pros and cons of each option here: https://bit.ly/2OPgdry
Questionnaire to tell you which one might be best for you here: https://bit.ly/2YEXdSN Enjoy!
PS – If you’re interested in self development, check out my ultimate resource, all of my best courses in one place, affordable price, you’ll have them for ever: https://www.lifeskillscollection.com/interested
I was pushed into self employment, having been made redundant twice in a row – this was 20 years ago. I just decided that I wasn’t going to beg for yet another job running a factory (job interviews are basically begging aren’t they, and they’re not even fair – even though I’m quite good at them, I hate the process, it’s so phoney).
Without the redundancy I’d probably still be working as a factory manager or as a university lecturer, and I’m SO glad I’m not. Those jobs are OK, but they aren’t GREAT like my current work is. Here’s why:
1 – You keep all the money. If you’re employed they are keeping the profit they make from you. This is how capitalism works, they only employ you if they can make money out of you – and that’s fine, we all understand the rules, and why SHOULD they employ you if you are a loss-maker! So when I worked for the university I used to present management...
If you’re a presenter / trainer, which one is better? – to run training workshops for small groups, or to try to get speaking gigs at conferences?
I’ve ended up doing the first one, but was that a sensible career path to choose? I certainly do enjoy doing the occasional conference keynote, and they ARE well paid if you can get them. They make me a bit nervous before I go on stage, but as I do it and afterwards I get a real buzz.
So here are what I think are the pros and cons of the two options. I hope this is helpful summary if you are contemplating which way to go:
Advantages of keynotes – talks to larger audiences
Advantages of workshops – training smaller groups
Do you have the option to become a self-employed trainer? Would you be able to do it, even if you wanted to?
One step into the red and you can’t do it I’m afraid….
If you pass the test, and you think you might make a good self-employed trainer (and it IS the best job in the world!) then contact me at www.successfultrainers.com to find out how I can help you to get there!
Your answer is here:
If you are in the green for everything – then you can do it.
(And if you are in the green throughout, and want help, contact me to discuss further how I can help you do it: www.successfultrainers.com)
1 – Training and Consultancy
Work well together.
Consultancy for 3 days a week provides good solid regular income.
Training for 1 or 2 days a week provides much better day rate.
Training keeps you going during the gaps between consultancy contracts.
Training leads to consultancy work
Consultancy leads to training work.
Anyone doing consultancy could (and maybe should) set up a training business in parallel
2 – Training and Coaching
Work well together.
Particularly if your training work is hours over zoom rather than days of face to face because then a coaching session doesn’t block out a whole potential day of training.
If you work 100% as a face to face trainer then don’t do coaching as well – it will mess up your diary too much.
The other snag with a mix is that coaching is generally not well paid compared to training, so really the more training you can get in the mix, the better.
Training plus coaching is the best learning process for...
To become a freelance management trainer the 10 steps are:
* I can help you with these steps
I have assumed that you’re starting as a fully employed person.
If you are already self-employed or part time,...
You might have seen my adverts on YouTube, Linkedin or Facebook.
After years of being asked “I’d like to do what you do – could I pick your brains?” I’ve decided to help people do what I’ve been happily doing since 1997.
I really do think training is the best job in the world – fun, satisfying, flexible hours, and VERY well paid.
And being self employed is definitely the way to go, if you can find something you can DO and SELL – and perhaps for you training might just be that thing…
I’m coaching a small elite group of people to become successful self employed management trainers. The programme is between 3 months and a year depending on how much help you want, and during that time I’ll tell you everything I’ve learned in 20 years of doing it myself.
Often coaches just ask you what you plan to do, how you feel about it, what are the barriers, and have you done it yet. I’ll do this, I’ll be there for...