Exploring non-traditional business models like co-ops and non-profits, comparing them to standard models. Real-life example of Defector Media challenging the norm. Discussion on earning more at a nonprofit. Audience question on mindset for 7 figures.
Considering non-traditional business models like non-profits or co-operatives for innovative strategies.
Exploring the potential of higher earnings at a nonprofit compared to a corporation.
Embracing mindset shifts and personal growth to achieve 7-figure revenue goals.
Deep dives
Investing in Growth and Outsourcing Expertise
To surpass revenue plateaus, investing in the business by hiring experts and spending on strategies like paid advertising can be a game-changer. For instance, bringing in an email marketing specialist led to significant revenue growth. Similarly, investing in paid advertising resulted in substantial audience expansion and profit generation for Morning Brew.
Personal Development and Continuous Learning
Emphasizing personal growth and skill enhancement plays a pivotal role in overcoming business challenges. Consistently leveling up leadership skills, learning from mentors, and seeking coaching can propel one's business forward. Evaluating and enhancing individual capabilities like leadership, strategic planning, and team management are essential for sustained success.
Overcoming Mental Blocks and Self-Improvement
Addressing internal obstacles and mental blocks is crucial for scaling a business. By acknowledging and addressing mental barriers, such as reluctance to invest or people-pleasing tendencies, entrepreneurs can break through revenue ceilings. Engaging in self-improvement, like regular coaching and personal development efforts, can lead to enhanced decision-making and business growth.
Adapting Mindsets for Business Expansion
Transitioning from a comfort zone to a growth-oriented mindset is essential for scaling revenue streams. Evolving beyond familiar tactics and embracing innovative approaches can fuel business growth. Shifting perspectives from security to calculated risk-taking and innovation can propel businesses towards higher revenue targets.
Creating Strategic Leadership Goals
Fostering a culture of continuous improvement and setting strategic leadership goals can drive revenue expansion. By focusing on evolving leadership qualities, such as effective decision-making, team empowerment, and learning from setbacks, entrepreneurs can navigate challenges and propel business growth. Strategic development of leadership skills can lay the foundation for sustainable revenue growth.
Katie and Tara review non-traditional business models, like non-profits and co-operatively owned businesses , to see how they compare against the standard model
Knowing what business model is best for you
Real world example of a bunch of employees who said fuck the big man and led to the formation of Defector Media
Why you make more money at a nonprofit than at a corporation
PLUS Tara and Katie answer an audience question on leveling up your mindset to earn 7 figures
