On Your Terms® 29. 10 Reasons Why My First Business Was an Epic Failure
People are quick to talk about their successes – after all, it feels good to share our wins publicly – but we can often learn much more from our failures, as well as others’ failures. I also think sharing our failures is important in order to remain transparent. In the interest of taking my own medicine, I’m going to share the story of my first business: why I started it, and, ultimately, why I think it ended in epic failure. I’ll also share the lessons I think you can learn from my mistakes so you can avoid making those same mistakes yourself.
Listener shoutout: In a recent review, Raina wrote, “I first stumbled upon Sam through an Instagram ad. I was impressed by the down-to-earth ad copy and very quickly decided to buy her course. From there I found myself on the receiving end of her emails, which again were so refreshing. I loved how transparent she was in what they were and I found myself smiling when I read them. From there I ended up on her podcast, subscribing, and now listening regularly. The first episode I listened to was her planning one for 2022. Game changer! I’ve already seen an increase in sales which I attribute to the tips I received in that podcast. I tend to have a million ideas and love following them all, but with her free planner, I decided to focus on just one idea this quarter, and it’s already paid off in dividends. I just finished listening to her umbrella episode on content, and again it just set off so many light bulbs for me. I thoroughly enjoy how Sam continues to connect the dots for me and my business. I am definitely a fan and plan to listen for years to come. Highly recommend!”
If you’d like a shoutout (and a chance to win a $20 Starbucks gift card), just leave a review on Apple Podcasts and send a screenshot of it to me on Instagram via DMs!
Click here to find the full show notes and transcript for this episode.
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In this episode, you'll hear…
- 10:38 - My story and why I started my first business
- 19:44 - Why you should do things differently
- 23:24 - Staying strong despite competition
- 26:00 - How to make content that’s relevant to your audience
- 29:06 - Making your offers specific
- 31:56 - The impact of having conversations with your customers
- 34:32 - Why your business name is so important
- 36:51 - Creating the content that’s best for you and your business
- 40:07 - Why you need to invest in yourself
- 41:43 - Keeping realistic expectations
- 45:32 - Knowing when your heart isn’t in it
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DISCLAIMER: Although Sam is an attorney she doesn’t practice law and can’t give you legal advice. All episodes of On Your Terms® are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The info you hear here isn’t a substitute for seeking legal advice from your own attorney.
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On Your Terms® is a production of Crate Media.
Mentioned in this episode:
Legal Workshop
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