Archive for Jay’s Blog – Page 32

The Problem With Coach Certification Programs

The key to your business success is not better technical skills, the key to your success is mastering entrepreneurship.  Entrepreneurship is THE  element that makes all the difference.  It took me far too long to get the lesson.  Your process could be faster, easier and even more profitable than mine!


Here is an interesting bit of information: of the 3 highest earning coaches/facilitators earning in excess of $1M a year (of which I am one), not one of us has any formal coach certification designation.  To me this is not just a bit of interesting information, it points to a problem in the industry, a problem with coach certification programs.

Yes I know I have designed and delivered my own coach certification program for the past 7 years  and yes, the problem exists with my program as well.

In fact I was aware of the gaping hole in my design. I even talked about it to everyone considering my program.  My grounding was that we will teach you what I believe to be the best processing framework that exists on the planet so that you can support your clients with REAL VALUE… and you need to go somewhere else to learn how to market and run your business…that is NOT what we do.

I remember saying that there are a multitude of business and entrepreneur training programs and encouraged my clients to go and take them.  What is funny is that so few would actually pursue business training.

I have a hypothesis and significant data to support my view that there is a belief block for many people about making money and helping people.  This belief block is a crime. There is no more valuable service on the planet than helping our fellow man, and it should and can be well rewarded.

What also became clear to me through supporting people in this industry over the past 15 years  is that coaching, facilitating and virtually ALL helping relationship businesses have their own unique issues and opportunities. Woefully there are VERY few programs that actually focus on this niche of entrepreneurship, although thankfully this has been growing in the past few years.

Being an entrepreneur from birth it seems, most of my skills in this area have been self taught (trial and lots of error!). Yes I took Business Administration at school, but be clear even that is NOT really entrepreneur training. It is primarily technical training of how to manage a business. Different, very different than designing a business, launching a business, nurturing a business to sustainability and ultimately reaping the rewards of that business in a multitude of ways.

The truth is that the majority of people who participated in our programs have succeeded in coaching and facilitating primarily because they had a supporting structure or organization that actually took care of the “business” end of the process.  Many became trainers within their existing careers and companies, like Telus, Nexen, and many others. Some coaches also became affiliated with Personal Best. By and large those that actually became coaches and facilitators did so within or in relationship to larger organizations. Those that hung out their own shingle and are continuing to practice are few and far between.

The message is clear: to succeed in this industry, the vast majority of people must have the support of a larger structure that teaches, assists with and in some cases even handles the business end of the business.

To succeed as a coach, facilitator or for that matter in ANY helping relationship, what is needed far more than technical skills are business skills and entrepreneurial moxie.  The fundamental beliefs and skills of an entrepreneur will have more to do with the long term success of a coach than any other single factor.

The cliché of “do what you love and the money will follow” is for the most part not true, there are a multitude of certified coaches who have been doing what they love and frankly starving to death.

Do what you love – do that which is congruent with what you are GREAT at; build a sustainable business model to support what you love and then the money will follow.

It is for this reason that my partner Colin and I have founded The Association of Helping Relationship Entrepreneurs.  An organization dedicated to the most important aspect of your business.  Building your business.

The truth is you are not alone, you do NOT need to struggle, you can and deserve to be abundant and wealthy sharing your gifts and supporting others.  If you make your living through helping relationships (or would like to) you must find out more about the new association.

We have 2 upcoming events:

A free informational webinar that you can register for here.

http://myoptinpage2.com/?pid=5144125

And for those of you who already know me and my capacity to create and support others to create meaningful, profitable businesses supporting individuals and the world,  you can register for the upcoming weekend sponsored by the Association of Helping Relationship Entrepreneurs.

Entrepreneurship Bootcamp, The Missing Ingredient for Helping Relationship Businesses

When: June 26 – 28th

Where: Calgary AB

Investment: $997, if you are a friend of mine on Facebook, you can register now for only $747

Seating is very limited, secure your seat now.

False Economy

I have been having many thoughts and conversations in the past few weeks that has me very intrigued with the “REAL COST” of saving money.  Now I am sure that it applies to resources in general but in my experience time and again people operate from a flawed accounting process that really does not work.


I am not sure if it is the recession, the media or what it is precisely but I have been a party to or have overheard a variety of conversations about “saving money, the environment, resources” that from my perspective just don’t make much sense.  Please hear that I am pro taking care of the environment, I am not a big consumer and I advocate people saving money.  My issue is that OFTEN what people purport to be “saving” really are not, they are engaged in false economies that are created by flawed accounting.

The first one I kind of had to smile about, a friend of mine commented that she would NEVER drive a Porsche because of the damage to the environment. Which that statement does not even make sense if she was aware of the technology that goes into a Porsche.  The new 911 has performed better than 42 miles per gallon!  Regardless this person with huge environmental concerns lives on an acreage that requires a 90 plus minute commute a day.  Which of our vehicle choices and annual mileage/gas consumption does more environmental damage??  I would wager it is not me.

This might seem like a goofy example yet it illustrates that there are ALWAYS hidden and additional costs, and information (like 90 minutes of driving vs 30 seconds of walking) that we must do our best to discover and account for BEFORE making a decision or judgement.

Another example I also have a tenant that is in the middle of (what feels like) the worlds longest renovation process.  He is quite proud of the money that he and his team are saving by doing most of it themselves… now if one just considers the additional 3 months rent, the time invested by smart people with significant earning abilities, the lost income of not having the business open for 3 months, the savings begin to look and feel a whole lot more like COSTS.

Now I want to be clear, I have been there trying to save a buck on a project and “do it myself” but in the end in every circumstance it ended up costing more in replicated work, lost time and the opportunity cost of not focusing on the highest and best use of MY TIME.

So the next time you are tempted to cut a corner or to do it yourself (when you have never done it before) or hire someone less qualified because they are cheaper.  Please do yourself, your family and your business a favour and answer the following questions.

  1. What is the value of my highest and best use of my time?

  2. Who else could take care of this at a cost less than the highest and best use of my time?

  3. What is the short term cost and the long term cost? (Cars can be a great example of this: buying a cheap car because of the monthly payments without considering the depreciation often trades short term savings for long term cost. A more expensive car that depreciates less  or slightly used and already depreciated can actually cost less to drive than a new econobox.)

  4. Is there a longer term value to the investment/cost that should be considered positive or negative?

  5. What is convenience worth?

  6. And one of my favourites “how can I earn more to create what I desire?”  This questions has a dramatically different effect on our consciousness and context than “how can I scrimp, save, work more or try harder to fit my desired lifestyle into my existing income.

Ok there I have vented… the point to all of this is that you cannot cost cut your way to wealth and freedom, it causes you to focus on the wrong part of creation, it forces you to think smaller instead of bigger.

The solution to this recession for you and for me is, how can I contribute MORE value? How can I create more income? How can I make a bigger difference? Thinking about creating will always get you further than thinking about limiting.

Financial Freedom!

I just completed The Financial Freedom weekend in Calgary.  It was a great weekend with a very interesting group of people.  I am already getting emails from participants who are transforming their lives and finances in just a few short days!

A rendering of my latest project, test marketing launches next week.



I am writing from the Barcelo Mayan Palace in Mexico, what a beautiful place.  Cory and I have been fans of Mexico for years.  In fact we got married in PV coming on 14 years ago.  While sitting by the pool today I am struck by how truly great my life is… I am deeply appreciative.

Wyatt and I were talking about him starting his first business, he thought that he would like to be a teacher like Daddy and teach people “all what to do with trains”  he is addicted to trains!  This business conversation is important to me because I believe that the greatest service I can be to Wyatt regarding money is to assist him to think beyond traditional employment and set the expectation that Wyatt will be a big “B” business owner.

A cute story I was over at my Mom’s helping out after her hip surgery and I was washing dishes, Wyatt wanted to help dry.  He was doing great but having some trouble getting inside the glasses, I asked hi if I could help him and he said “No Daddy, this is my business!” He finished up and G’ma paid him $2  for his efforts.

The point of these stories are simple, how would your life be different if your parents had encouraged you to be an entrepreneur? What if you had the support, the education, the infrastructure to see opportunity and act upon it, instead of “working for the man”?  Or as my partner says “a big stupid company”?

The trajectory of an individuals life and financial well being are dramatically different from the experience of an employee vs the experience of a business owner.

We all know that some of that early messaging can be difficult to break free from, however the price tag of continuing to believe that “I will be safe and secure because I have a job and an education” is going to become expensive and painful as our economy continues to experience difficulties.

I believe that one of the ways out of this mess, on an individual and large scale economic basis is a powerful, educated entrepreneurial middle class that is self reliant, understands money and wealth and knows that the only bailout coming their way is one that they create.

What is the entrepreneurial dream that lies dormant inside of you?  What is that perfect combination of what you love, what you are great at and making money that will create not security but FREEDOM for you and your family?

If you are interested in discovering what this is for you respond to this post.

Willow Springs Raceway

I spent the last couple of days outside of Los Angeles, at Willow Springs International Raceway with an old friend of mine David Zubick.  David owns a very cool company called Racing Adventures.  I drove a track called horsethief, it has the greatest elevation changes of any track in the world!! COOL


I just talked to Cory who could not do her run outside because it was too cold in Calgary.  I however had a sunburn… It does make me wonder why we continue to winter in Canada.  About 3 hours on the plan and (by Canadian standards) it is downright tropical.  Hmmm, more on this later.

California is a fascinating place, it is the motorsports mecca of the planet, there are more Porsches here than there are in Germany!  Traffic is something else, that being said from LAX to WIllow Springs is only 90 minutes.

Willow Springs is one of the oldest and fastest (the speed you can hit on the main track) facilities in North America.  There are 7 tracks on a section of land and while I was there 4 of them were busy.  The main track had a private track day for regular folks, I could not count the number ot Porsche 911’s, GT3’s, Twin Turbos, then all the BMW’s, my fav was a black and graphite Audi R8 plus a very cool early 70’s Corvette.

I was on a smaller track driving Shelby Cobra replicars with full race setup, and C4 Corvettes.  I had driven the Cobras before, they are a hoot, raw, loud, open.  Hit the gas and the tail starts to move out and around.  It was a tough track I did not do that too much ; )

The other car I had never driven the C4 Vette, wow!  Fast, smooth, huge compared to the Cobra but sophisticated in many ways.  I found it harder to tell when I was close to the edge in the Vette, all would seem fine and then suddenly I am sliding.  The Cobra warns FAR earlier.

Anyway it was a great time, if you are ever interested in getting on a track, visit www.racingadventures.com You will love it!!

I will keep you all posted for my next trip, I plan to do way more track time this year!

WHERE ARE YOU PUTTING YOUR MONEY???

We are in a very interesting time right now.  The Dow is down 42% off its 52 week high with more and with little chance of a major turn around in the near future.  Yahoo finance asked the question “can we take another 22% drop in real estate value”   On the other end  we have GIC’s at a whopping 1/2% Where are YOU putting your $$


As RRSP season winds up I have spoken with many people who are unsure what to do about their RRSP’s.  We all know that the RRSP is the single greatest tax management and savings tool available to the Canadian wage earner.  However a 30 – 50% hit in the average personals retirement savings is enough to rattle damn near anyone.  The question

Contrary to may peoples view of the question is not should I still invest in my RRSP, that answer is yes, it is most peoples most powerful tax management tool.  The real question is where do I invest my hard earned dollars to actually MAKE MONEY.  I know that might seem like a crazy statement in light of how most peoples investments faired last year ; ).  I have spoken to several people who have taken the GIC route, however depending on what you choose some do not even keep pace with inflation.  Yes, according to stats Canada we are still experiencing inflation, for how long I am not sure but the reality is even the so called “safe routes” are not getting you ahead.

So what is the best place to put your money??

I do not pretend to have all the answers in this time of tremendous change one thing I do know is this, with the banks contracting and borrowing getting more and more difficult there are some amazing opportunities in lending, short term mortgages and bridge financing.   The demand for these products is growing (even as the number of active projects shrinks!).   There are SAFE, exceptionally well secured, short term projects that are paying 10%  – 15%.   Great returns, backed by great assets and quite liquid based on short terms.

I am so certain of this opportunity that I have partnered with a great friend of mine Ari Taub, to create a Mortgage Investment Corporation (MIC).  Ari is an Olympic wrestler (competed last year in Beijing) a great lawyer and is connected to some of the best deal flow in the entire city of Calgary.  Allowing us to pick and choose the deals we want to participate in.  It is a very sweet deal!

Remember there are opportunities in ALL economic circumstances, but you cannot live in fear, you must educate yourself, participate and look where other people are not willing to.  As I am writing this the DOW is at its lowest point in 11 years.  GIC’s are hardly keeping pace with the cost of living.  The truth is each of us MUST find ways to invest, contribute and profit, for us, our children and the world or this difficult economic time will last even longer than we fear.

If you are interested in finding out more and participating with us in our MIC, we are having an information evening on March 30th at 6:30 pm – 8:30 pm.

Please email jfiset@me.com to register.