#15 When I STOPPED treating my business like a hobby and shifted into a multi-6-figure CEO
Struggling to Break Through: My Journey from Hobby to multi-6-figure CEO
For the first six years of my business, I was stuck. Despite my efforts, I couldn't surpass $35k in revenue. I was running my business more like a hobby, lacking consistency and accountability. I didn't take charge of my finances, avoiding my bank account and revenue figures. I even stopped myself from celebrating any progress, feeling like I should be further ahead.
To make matters worse, I was given advice to limit my revenue to avoid tax obligations, which contradicted my desire for growth. It was clear that I needed to change my approach and step into the role of a CEO.
I realized that I couldn't continue with my in-and-out energy and neglecting my finances. I made a commitment to manage my money like a true CEO. By creating non-negotiable habits in my schedule and taking responsibility for my business, I was able to transform it into a thriving operation.
The reality hit me: as my team grew, so did my financial responsibilities. I needed to learn how to manage my money effectively, not just for myself but for everyone on my team. With this newfound understanding, I was able to build not one, but two multi-six-figure businesses.
I believe that managing your money is key to empowerment in both business and life. That's why I'm excited to share my journey and the lessons I've learned in my upcoming Money Magnetism Program starting on July 18th. Join me as I dive into the habits, strategies, and mindset shifts that helped me 4X my team, my growth, and my revenue.
If I can do it, You can do it too x
KEY HIGHLIGHTS:
[00:15] The Transformation from Hobby to Business Powerhouse: How I 4X'd my growth and revenue by shifting my mindset and approach towards my business.
[00:32] Struggles of Early Entrepreneurship: Breaking through the $35k revenue barrier - a six-year journey of perseverance.
[01:29] Beware of Bad Advice: How the myth of 'not exceeding $75K in revenue' almost held me back in business.
[02:33] Balancing Motherhood with Business: The challenges of running a business while raising three babies.
[03:32] Overcoming Limiting Beliefs: Breaking the '$75k revenue' barrier and transforming my business mindset.
[04:09] The Power of Profit: Understanding how generating higher revenues (even with taxes) can lead to lifestyle upgrades and investments.
[06:00] Embracing the CEO Mindset: My journey to becoming a 7-figure CEO and building two multi-six-figure businesses.
[07:35] Business Growth and Its Implications: Navigating the intricacies of growing a business, including increased team size, wages, revenue, and tax commitments.
[09:18] Financial Empowerment: The unexpected joy and expansion that comes from deeply understanding your business numbers.
[13:07] Introduction to Money Magnetism Program: Discover the strategies, habits, and mindset shifts needed to shift from a hobbyist to a multi-six-figure business owner in my upcoming program.
PODDY BONUS! ⚡️🚀
Access to S P A R K E D ⚡️ My private podcast of 22 audio trainings to take your biz from $5k to $50k months.
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Links:
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6-Figure Bridal and Beauty Business Program here https://www.kailahlee.co/6-figure-empire
Multi-6-figure Bridal and Beauty Business Mentorship and Coaching here https://www.kailahlee.co/expansion-mastermind
