132. A Full Breakdown of My First 7 Figure Month in Business with Rachel Rodgers

the bossbabe podcast

Natalie Ellis

Entrepreneurship, Education, Marketing, Self-improvement, Business

4.9 • 2.6K Ratings

🗓️ 16 November 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Only 2% of women entrepreneurs hit 7 figures. Rachel Rodgers is on a mission to change that. In today’s episode, Natalie and Rachel discuss why making 6 figures realistically can’t sustain a business and a salary if you’re trying to scale, and how you can scale to 7. Rachel breaks down how she started her business after law school, scaled to 7 figures, and even recently made her first million-dollar month. We talk all things hiring, including what roles to hire first and how it will help your business grow. Her tip: hiring ahead and betting on yourself ahead. You’ll see that growth faster and then be ready when it comes. As entrepreneurs, it’s not just about getting help, it’s about clearing your plate so you’re able to focus on your mental health and perform as a better leader for yourself, your team, and your business. We also share our opinions on membership options (love them!), why one offering instead of multiple will be better for you in the long run, and, most importantly, listening to your clients so you know when to pivot and what to improve to serve your customers better! Rachel pivoted her business this year after the pandemic and went from 0 to 1300 members in 30 days! It’s all about flexibility and giving yourself space to grow. Learn more about Rachel and how to hit that 7 figure mark at hello7.co and subscribe to her podcast, The Hello 7 Podcast.

Transcript

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0:00.0	Why are you doing this sabotaging your own success? That's why I think it's really important to like look at the data
0:13.4	pay attention to what your customers are asking for. A lot of times we have so many
0:19.2	opportunities that are literally right in front of our eyeballs but we can't see it because we're being precious.
0:28.8	Welcome to the Boss Pay Podcast, a place where we share the real behind the scenes of building successful businesses, achieving peak performance and learning how to balance it all.
0:37.0	I'm Natley Ellis, CEO and co-founder of Boss Bape and your host for today's episode.
0:41.0	Listen, I'm going to be real with you guys.
0:44.0	The past week has been really tough.
0:47.0	There's been so many things going on
0:50.0	and I know a lot of you can relate to this.
0:52.0	I've had a lot of dams about it as well but
0:54.0	2020 it's been a trip there's been so much going on this year and I feel like now that
1:00.4	when you're nearing the end of the year things are just piling up piling up there's been so much just crazy energy and for us at Bostwick we've definitely noticed it and me and Danielle were just saying like we're tired right now there's been so much going on I'm really
1:14.4	tired and I just want to share this because I think you know it can be really easy to
1:18.8	put on this persona and put like show something out on Instagram and the highlight reel and really that's not what's going on. I just want to be real with you guys that yeah today I'm feeling it. I'm definitely feeling it in the past week I've been feeling it too and so no matter where you are on your
1:35.2	journey no matter how much team support you've got all of that stuff that are going to be weeks
1:40.8	where you just feel it and you're in it and it's absolutely fine.
1:44.8	The main thing is that you've got to make sure you've got support as an entrepreneur.
1:49.2	I've said for a really long time one of the most important things an entrepreneur can do for themselves is get a therapist and that rings so true because when I have weeks like this where as an entrepreneur and especially as a leader to employees or
2:04.0	community or clients, you hold a lot,
2:07.5	you hold a lot of space for a lot of people
2:09.8	and sometimes you need that to be flipped and you need someone to hold space for you so that you can vent or you can talk about what's going on for you.
2:18.0	And definitely for me and Danielle over the past couple of weeks, we've been holding a lot of space for clients who really pushing
	...

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