227. From stressed to confident. An inside look at a 2 year transformation
Aug 6, 2024
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Michelle Smith, founder of MamaSuds, shares her inspiring two-year journey from stress to confidence in business. She discusses how she shifted from working excessively to focusing on high-value tasks that drive revenue. Michelle highlights the importance of community and mentorship for business growth and emphasizes the need to prioritize loyal customer relationships over traditional advertising. Her transformation resulted in increased profitability and a better work-life balance, making her business more sustainable and fulfilling.
Michelle Smith's transformation highlights the significance of strategic delegation and systems implementation to alleviate overwork and enhance business efficiency.
Her story underscores the necessity of understanding customer acquisition costs and prioritizing profitability to cultivate a sustainable and confident business model.
Deep dives
Transforming from Manager to Leader
A significant shift in business dynamics can be marked by a transition from merely managing daily operations to leading the overall business strategy. The experience shared by a store owner highlights how finding a suitable mastermind program empowered her to gain control over her company, alleviating the burden of overwork. She reports now enjoying increased confidence, reduced working hours, and the freedom to take vacations without being tied to her computer. This newfound leadership and autonomy signify a transformative business journey that emphasizes strategic thinking and effective delegation.
Systematizing Growth and Efficiency
A critical aspect of growth for any business is the establishment of systems and processes that enhance efficiency. The store owner insights reveal that as she expanded her team and operational capacity, she focused on creating solid groundwork through well-defined procedures and dedicated personnel. This strategic move not only facilitated scaling but also significantly reduced the owner’s involvement in routine tasks, allowing her to concentrate on higher-level decision-making and revenue generation. By streamlining operations, she enabled a smoother workflow that has positively impacted the business's profitability.
Navigating Marketing Challenges
The podcast highlights the complexities of effectively acquiring customers and managing advertising costs for sustainable growth. Through opening up about her experiences, the store owner recounts a pivotal moment where she discovered the true cost of customer acquisition, which initially inflated her marketing expectations. By adjusting her marketing strategies based on the insights gained, she successfully optimized her campaigns to achieve a healthier cost-to-acquire ratio. This case study exemplifies the crucial need for ongoing evaluation and adjustment of marketing efforts to align with business objectives and profitability.
Building Long-term Business Sustainability
Establishing a sustainable business model is crucial for long-term success, and the store owner demonstrates this by focusing on profitability over sheer sales volume. Her approach emphasizes the importance of understanding financial metrics and customer lifetime value in directing business strategy. By implementing structures that prioritize profitability, she lays a solid foundation that can weather economic fluctuations, enhancing her confidence in scaling operations further. This forward-thinking vision reflects the need for small businesses to adapt and prepare for future challenges in their growth trajectory.
It’s not often that you get to hear how successful store owners were able to break free from the grind of working too much, worrying about finances, and feeling like the success of their Company was wholly dependent on them. Join me for this transparent conversation with Michelle Smith, founder of MamaSuds. She’s sharing how she’s transformed her business and the work she does over the last 2 years. She’s no longer working crazy hours, she’s making more money, and confident that her business is on solid ground.
Listen in and learn:
💁🏻♀️ How Michelle was able to start working “on” her business
⏱️ The steps she took to free up time for the $500/hour work
📈 How she stays focused on the work that gets results
Stop wondering if you’re “doing it right” and learn how to grow your sales in a consistent, predictable way. Spend 40 minutes with me in this eye opening workshop, and you’ll leave with a few simple steps that will grow your sales next month. Find a time that works for you, and register here: https://thesocialsalesgirls.com/create-a-growth-plan-workshop-4/
“Insightful, actionable and engaging! I learn so much every single time I listen. I can’t believe this information is free - If you feel like this too, I’d love it if you would leave us a review. Reviewing the show will help us reach even more store owners, so we can help them grow their sales. Click here, scroll down, tap to rate with 5 stars and select “Write a review”. Let us know what you find most helpful about the podcast!
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