Why Your Business MUST CHANGE Every 90 Days | Taylor Welch
Oct 28, 2024
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In this discussion, Taylor Welch, a seasoned business consultant with a knack for driving growth, emphasizes the necessity of adapting business strategies every 90 days. He shares valuable insights on balancing personal well-being with entrepreneurial challenges, highlighting the role of patience, understanding financial metrics, and the importance of spiritual wealth in achieving success. Listeners will also find intriguing takes on the evolving landscape of entrepreneurship and the transformative potential of generosity in business.
Frequent business strategy changes every 90 days are crucial for survival, helping entrepreneurs adapt to market evolution and avoid burnout.
Understanding the true motivations behind financial pursuits reveals that many entrepreneurs lack clarity in their long-term business goals.
Integrating spirituality into entrepreneurship fosters holistic success, emphasizing that true growth transcends mere financial metrics and aligns with personal values.
Deep dives
Understanding Business Change and Burnout
The speaker emphasizes the frequent changes in business strategies, noting that business approaches often shift every quarter. This constant evolution leads to feelings of burnout, especially when teaching tactics that become quickly outdated. It's highlighted that many individuals struggle to define their long-term business goals, with a tendency to seek solutions for deeper personal or spiritual issues. The speaker suggests that understanding the underlying motivations for pursuing different tactics can help address this issue and create a more sustainable approach to business.
The Importance of Clarity in Business Goals
A significant theme is the challenge individuals face in articulating their business objectives, often not knowing what they truly want to achieve. This lack of clarity hampers the ability to take effective actions in business. The speaker stresses that recognizing the real motivations behind wanting to pursue certain avenues, such as social media or real estate, is crucial. It ultimately comes down to a desire for financial gain, emphasizing the need for individuals to reflect on whether improvements in their current ventures could lead to the same outcomes.
Financial Awareness and Business Growth
The podcast discusses the necessity of clear financial metrics, pointing out that many entrepreneurs mistakenly equate revenue with profitability. The speaker shares an anecdote illustrating that businesses can generate significant revenue while still facing loss or instability. A common thread among struggling entrepreneurs is their focus on acquiring new clients rather than refining their existing business operations for improved profitability. This highlights the importance of establishing a solid foundation before scaling a business.
Navigating Personal and Professional Tensions
An important insight revolves around the challenges presented when personal values and professional aspirations conflict, particularly within families. The speaker recounts a personal experience with his child, illustrating the real-life consequences of prioritizing business over family. This highlights a critical reflection point for many entrepreneurs: the need to build a business that aligns with personal values and commitments. It's emphasized that failing to do so can lead to detrimental emotional and relational outcomes.
Integrating Spirituality and Business Practice
The conversation addresses the intersection of spirituality and entrepreneurship, suggesting many business owners are grappling with spiritual disconnection while seeking financial success. The speaker draws on biblical principles to illustrate that true success encompasses more than just financial metrics, advocating for a holistic approach. Investing in spiritual foundations can have profound effects on business growth and personal well-being. This perspective encourages a rethinking of how business can be both a tool for financial gain and a platform for spiritual fulfillment.
The Role of Education in Entrepreneurial Success
Discussion shifts to the idea of education and continuous learning as pivotal components for entrepreneurs navigating the modern marketplace. The speaker emphasizes the historical link between Christianity and scientific discovery, arguing that this foundational perspective can foster innovative thinking. He advocates for seeking knowledge and embracing continual education to adapt to evolving business landscapes. Providing examples of successful educational models highlights the value of practical, hands-on learning combined with spiritual insights throughout one’s entrepreneurial journey.
On this episode of The Wealthy Way, I’m joined by Taylor Welch, a legend in the consulting and education world, who’s helped scale hundreds of businesses across industries since he first started in 2014. Taylor has a rare talent for breaking down what it takes to grow a business—and keep it growing by adapting to the times. If you’re an entrepreneur, you know that change isn’t just a buzzword; it’s a survival skill. Taylor’s story is a masterclass in how adapting your business strategy, mindset, and approach to success is key to long-term impact.
We dive deep into the lessons Taylor learned along his journey, from his days working for a real estate firm to leading a company with over 700,000 sales calls and more than 100,000 students under his belt. Here’s a guy who understands what it means to pivot when the market changes, learn from failure, and keep going with a sense of purpose.
Taylor doesn’t just share the “how” of scaling businesses—he goes into why adapting is non-negotiable in today’s fast-moving world. You’ll hear insights on patience in business, navigating misguided lessons, and even why knowing your numbers (like LTV to CAC ratios) is essential to avoid making costly mistakes. Taylor also shares some unconventional truths on spirituality in business, from the impact of prayer to the concept of spiritual wealth.
Connect with Taylor: Website: https://taylorawelch.com/ IG: https://www.instagram.com/taylorawelch
Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.wealthykingdom.com/
If you want to level up, text me at 725-527-7783! ---
About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generat...
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