Possible effect of a recession on being a freelance trainer
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...
Could you do it?
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!
Can you mix training, consultancy, and coaching?
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...
Chris Croft
Author
Chris Croft is an international speaker, and widely published author, who's been running training courses for over 25 years. He's taught all over the world, as well as online, and has an entertaining and practical teaching style. Successful Trainers is your chance to be personally coached by him to make your own training business into a fun and well paid career.
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