James Schramko Podcast

1068 - Reflections on Lessons Learned and Business Success


Listen Later

01:17 - To understand my business’s current state, let’s look a few years back…

02:59 - More than impressive revenue, actual profit reflects company success.

04:17 - One of the most important lessons I've learned in my entrepreneur journey is to avoid compromise.

07:43 - While business growth is good, I’ve grown to appreciate the benefits of having a smaller, less complex business.

09:39 - Since 2009, my focus has been building a reliable business model centered around recurring subscription memberships.

13:20 - Over the years, my business evolution has involved several significant changes, including selling two agencies.

14:56 - 2010 to 2020 saw several business decisions, including phasing out events and simplifying my membership offerings.

17:53 - In my business journey I’ve strategically reduced certain business activities and added others, such as rev share deals.

20:51 - Among my factors of success are personal well-being and family, distancing from the relentless hustle culture.

22:47 - I prefer keeping a low profile, sharing less about my personal life publicly, and focusing more on inner satisfaction.

24:09 - My business has maintained stable high-ticket memberships and a consistent revenue stream from various sources.

25:39 - I always consider the point behind business growth strategies, focusing only on actions that clearly align with my goals.

27:24 - Over time in the entrepreneurial journey, I've minimized my operational costs while ensuring a steady income.

29:03 - I aim to streamline my business to its simplest, most effective form, focusing on services and products that directly contribute to success.

...more
View all episodesView all episodes
Download on the App Store

James Schramko PodcastBy James Schramko