SSK #32: Group Consulting Programs vs. 1-on-1
Read time: 4 minutes.
The Power of the Pack: Group Consulting Programs vs. 1-on-1
In the world of independent consulting, there is a common misconception that 1-on-1 coaching is the gold standard for success. However, after coaching over 900 solopreneurs, I can confidently say that group consulting programs are superior in many ways. In this article, I will share the top 4 benefits of group consulting programs over 1-on-1 work.
1. Diverse Perspectives
One of the most significant advantages of group consulting programs is the exposure to diverse perspectives. When you work in a group setting, you are not limited to the knowledge and experiences of a single individual. Instead, you have the opportunity to learn from a variety of people with different backgrounds, skill sets, and areas of expertise. This diversity of thought can lead to innovative solutions, creative problem-solving, and a broader understanding of the subject matter.
2. Ongoing Peer Support
While 1-on-1 coaching may provide occasional support, group consulting programs offer ongoing peer support. When you join a group program, you become part of a community of like-minded individuals who are on a similar journey. This sense of camaraderie and shared experience can be incredibly motivating and uplifting. As you navigate the challenges and celebrate the successes of your consulting business, you will have the support and encouragement of your peers every step of the way.
3. Economies of Scale
Group consulting programs provide economies of scale that are simply not possible in 1-on-1 coaching. By working with multiple clients at once, consultants can streamline their processes, create standardized resources, and deliver high-quality services more efficiently. This not only benefits the consultant by maximizing their time and resources, but it also translates to cost savings for the clients. Group programs are often more affordable than 1-on-1 coaching, making them accessible to a wider range of solopreneurs.
Imagine getting on 1 hour Zoom call with 5 clients vs 5 Zoom calls with one client.
You not only saved a lot of time, but you have increased your availability to work with 5x clients. Having 25 clients would mean spending only 5 hours on Zoom (vs 25), making 5x more money.
That's exactly how I was able to scale my consulting. Instead of hopping on a call with one client and then repeating the same talking to another client, I gather all of them for the same call. I them guide them through any questions they might have on Slack, until we meet again the following week.
Let's assume you charge $500/mo/client. You just went from $2,500/mo (5 clients x $500) to $12,500 (25 clients x $500), working the same number of hours.
4. Accountability Through Community
Accountability is a key factor in the success of any solopreneur, and group consulting programs excel in this area. While 1-on-1 coaching may provide individual accountability, the collective accountability of a group is unmatched. In a group setting, you are not only accountable to your consultant, but also to your peers. This shared accountability fosters a culture of commitment, motivation, and mutual support. As you set and work towards your goals, you will have an entire community cheering you on and holding you accountable.
While 1-on-1 coaching has its merits, group consulting programs offer unique and compelling benefits that make them a superior choice for many solopreneurs. The exposure to diverse perspectives, ongoing peer support, economies of scale, and accountability through community make group programs an excellent investment in your consulting business. If you are looking for a more collaborative, cost-effective, and supportive approach to growing your consulting business, I encourage you to explore the options available in group consulting programs.
Ready to take your consulting business to the next level? Join me and 3,000+ solopreneurs in The Group Programs Academy. With a vibrant community, valuable resources, and proven strategies for success, it's the ultimate group consulting program for consultants who want to scale their business and achieve their dreams.
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