The Wealthy Consultant Talks Podcast

#53 - Discussing the FTC Investigation w/Bijal Patel


Listen Later

In this raw tell-all interview episode of TWC Talks, Taylor Welch sits down with Bijal Patel, a world-class branding strategist, and they discuss Taylor's experience with an extensive 14-month FTC investigation. They delve into the backstory behind Taylor's first major company, Traffic & Funnels, its impressive growth, and his decision to install new leadership and eventually dissolve it. Taylor then details the shocking October 2022 letter alleging deceptive advertising practices in his former company and the ensuing stressful legal battle to cooperate fully with regulators.

Throughout the emotional interview, Taylor transparently shares the traumatic effects of the ordeal, from nearly selling his house in a moment of fear to considering withdrawing from public life entirely. However, he explains how moving forward with his new business, The Wealthy Consultant, ultimately gave him purpose during the darkest times. Taylor offers tactical advice for marketing legally and emphasizes slowing down scaling efforts to ensure compliant, sustainable practices.

While maintaining there were no official findings against him, Taylor humbly admits mistakes were made and expresses gratitude for the lessons learned when stakes were still relatively low. He remains hopeful for the future, crediting his renewed faith and supportive inner circle for getting through challenging setbacks. Taylor aims to lead by example in taking full accountability and helping others avoid regulatory pitfalls.

Enjoy the episode and check the links below for more info & resources.


Get an inside look at how to get involved with The Wealthy Consultant

https://wealthyconsultant.com/


Our Monthly Printed Memos - Free Trial

https://consultingmemo.com/optin-568134011666363883437


See our Portfolio of Brands

https://welchequities.com/


OVERVIEW:

  • (01:06) Discussing the press release
  • (03:13) The growth and challenges of Traffic and Funnels
  • (07:51) Reflection on business and personal growth
  • (08:00) Engaging with the audience and setting expectations
  • (10:10) The timeline of sales mentor and investigation
  • (15:42) The FTC investigation
  • (16:10) Building The Wealthy Consultant
  • (20:55) The decision to keep going
  • (24:54) Handling the FTC investigation
  • (31:03) Impact on family
  • (38:29) Learning about people
  • (43:08) Evaluating the quality of sales mentor
  • (46:43) Marketing trends and compliance
  • (50:54) Tactical lessons from the FTC investigation
  • (55:13) Taylor's advice


Produced by Fimi Collective:

https://www.fimicollective.com/

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

The Wealthy Consultant Talks PodcastBy The Wealthy Consultant

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

25 ratings


More shows like The Wealthy Consultant Talks Podcast

View all
Discovering Truth with Dan Duval by Discovering Truth w Dan Duval

Discovering Truth with Dan Duval

419 Listeners

Capitalism.com with Ryan Daniel Moran by Capitalism.com

Capitalism.com with Ryan Daniel Moran

731 Listeners

Craig Groeschel Leadership Podcast by Life.Church

Craig Groeschel Leadership Podcast

10,702 Listeners

Win Today: Your Roadmap to Wholeness by Art of Leadership Network

Win Today: Your Roadmap to Wholeness

480 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

408 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,081 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,389 Listeners

The Russell Brunson Show by Russell Brunson | YAP Media

The Russell Brunson Show

986 Listeners

Maxwell Leadership Executive Podcast by John Maxwell

Maxwell Leadership Executive Podcast

380 Listeners

The Deep End w/Taylor Welch by Taylor A Welch

The Deep End w/Taylor Welch

885 Listeners

Wealthy Way by Ryan Pineda

Wealthy Way

2,129 Listeners

Build with Leila Hormozi by Leila Hormozi

Build with Leila Hormozi

887 Listeners

The Leader’s Cut with Preston Morrison by Preston Morrison

The Leader’s Cut with Preston Morrison

452 Listeners

BigDeal by Codie Sanchez

BigDeal

748 Listeners

The John Bevere Podcast by Messenger International, John Bevere

The John Bevere Podcast

445 Listeners