In this GASB episode, Troy interviews Jodie Nevid, the founder of The Seven Effect. She's based in Adelaide, Australia. Jodie had a humble beginning doing business in their family's driveway at the age of 10 selling her old toys and show bags. She was in the corporate world for a while, but shortly after she went back to doing business because it's her passion.

In 2014, she launched The Seven Effect, a coaching, and education company. Specializing in helping working women, assisting them in the leap from employee to entrepreneur. The Seven Effect is composed of a team with 10 people, 6 of whom are FTEs. They're earning $550,000 a year and are on track to a million by the end of next year.

Of course, her success story wasn't all smooth-sailing. She faced obstacles and complications. Jodie read and studied the 80/20 principle, which asserts that a minority of causes should lead to a majority of results; a good reminder for small-business owners to simplify things and not overwork themselves.

This Cast Covers:

The Seven Effect is a coaching and education company.
Jodie's different businesses before The Seven Effect.
Jodie's passion for business.
The Seven Effect's growth.
The 80/20 principle.
The freedom that growing a small business brings.
Planning and goal setting, are what every business owner should develop.
Building a kickass culture with the four fundamentals.
Handling a business partner exiting.
Business owners remind themselves to have fun.

Links:

Additional Resources:

Quotes:

"The big lesson is in your greatest losses." — Jodie Nevid

"Often they're riddled with fear or overwhelmed or confused about how to make their first six figures." — Jodie Nevid.

"The hardest part is hiring employees who wanted a job, not a career." — Jodie Nevid.

"Not just reading, but truly studying the 80/20 principle and implementing it into your life." — Jodie Nevid.

"Every business owner should have a life plan as well as a business plan. Because if you don't, your business becomes your life." — Jodie Nevid.

Music from https://filmmusic.io "Cold Funk" by Kevin MacLeod https://incompetech.com. License: CC by http://creativecommons.org/licenses/by/4.0

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