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BOSSY
Reviewing Non-Traditional Business Models
May 9, 2024
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.
47:38
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Quick takeaways
- 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.
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.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode