Since 2013, 72 per cent of actioncoach franchise partners in the UK have chosen to renew after seven years with RBS’s best mid-priced franchise. Making money meets one of those, Parag Prasad
Action coaches help business owners with their marketing, selling, team building, finance, goal setting and so much more; in other words, they help business people achieve their goals and dreams by using the proven ActionCOACH system.
If you meet the non-negotiable criteria to get into the world’s number one business coaching team, the basic entry level investment is £21,000. Providing you complete the agreed level of marketing activity and use the proven systems, the business opportunity guarantees a minimum income of £10,000 per month by month seven.
By coupling your skills and personality with ActionCOACH’s proven systems and award winning support team, you can go on to achieve more success and satisfaction than you hoped for. But don’t just take the franchisor’s word for it, read what a franchise partner has to say about his experiences since joining:
Prior to becoming an ActionCOACH franchise partner in July 2007, Parag Prasad was a financial controller at BT Wholesale and BT Openreach.
What made parag invest?
He explains: “I was hugely motivated to make a tangible difference to the lives of business owners, not just be a faceless cog in a corporate engine. I had been employed by large corporates ever since graduating and going out on my own was a daunting prospect because I had no experience of running my own business.”
When Parag received an email from ActionCOACH, the company’s business model appealed to him and the seed was sown.
“ActionCOACH offered me a proven route to empower business owners to achieve their business and personal aspirations,” he says. “Plus the idea of franchising appealed to my financial side.”
Parag continues: “ActionCOACH shared franchise partner earnings with me and the support team was always available to answer my questions. And I was able to meet and speak to other coaches. I attended their events and they helped me to create my business plan.
“Due diligence done, I couldn’t see how I could fail. I had confidence in my own abilities and knowing I was supported with the proven ActionCOACH systems. Although I was investing my life savings, once the what-if cash flow and profit and loss projections were finalised, the decision became straightforward.”
What’s it been like in practice?
“The initial and ongoing training is excellent,” Parag says. “The sheer volume of best practice and educational information is unprecedented. There is always someone you can turn to for help - I could not be happier.
“I now also have a substantial property portfolio that will provide us with the income to live our desired lifestyle.”
Parag understands that time is more precious than money and his focus has been on building his ActionCLUB; this group coaching programme leverages Parag’s time, enabling him to help 40 local businesses build and grow through just over seven hours of coaching a week on average.
The team around Parag means that, if he chooses to take a break, another Action coach can step in and run the club for him, maintaining the momentum while he’s enjoy precious family time. 40 members represents £20,000 per month of revenue, but the biggest reward is the satisfaction of knowing that his one-to-one clients and ActionCLUB members are by far the biggest winners:
“My experience as an ActionCOACH franchise partner is best described as a life fulfilling journey. I’m now able to use my skills and passion to make a genuine difference to business owners by empowering them to achieve their aspirations and best serve the needs of their families, employees, customers and communities.
“I’m very proud that my clients have won or been finalists for 27 business awards over the last eight years, including Entrepreneur of the Year and London’s Best Business for Customer Service. Several of my clients have gone on to start new businesses, employ many more people or simply step back and pursue other passions in their lives.
“My business has also grown exponentially on the back of those client successes and my family growth is following that trend too.”
Parag’s business achieved net sales of over £350,000 in the last 12 months. That’s year on year growth of 25 per cent using the same ActionCOACH growth strategies that propel his clients’ businesses.