312. My Biggest Mistakes + Hurdles Last Year in Business

the bossbabe podcast

Natalie Ellis

Self-improvement, Marketing, Education, Entrepreneurship, Business

4.9 • 2.6K Ratings

🗓️ 8 August 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

What ACTUALLY happened in the business while Natalie went on maternity leave? She has shared some lessons at a high level, but in this episode she is bearing it all. Taking a step back pointed out some areas the business was bleeding profit + where the team needed more direction to run optimally. If you want the option of stepping back, taking time off from your business, or simply want the peace of mind that your business has a healthy bottom line, you don’t want to miss this. Natalie shares the biggest mistakes she’s made in business from being the revenue bottleneck + using money as a bandaid, to the impact of losing one of the longest standing team members at bossbabe + so much more. What you learn today will help you avoid making these same mistakes + get super clear on the 3 vital things EVERY founder needs to be focused on in order to build a profitable business + thriving team. HIGHLIGHTS BTS of what ACTUALLY happened in the business when Natalie took maternity leave Tips for stepping back from your business (+ mistakes Natalie made + what she’d do differently) The 3 vital areas every founder should be focusing on RIGHT NOW How to get the right balance of “thinkers” (aka strategy) vs “doers” on your team + why it’s absolutely critical to your success LINKS Subscribe to our Weekly CEO Newsletter to get more leadership + business insights from Natalie - https://bossbabe.com/newsletter FOLLOW bossbabe: @bossbabe.inc Natalie Ellis: @iamnatalie

Transcript

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0:00.0	A boss babe is unapologised and ambitious and paves the way for herself and other women
0:10.6	to rise, keep going and fighting on.
0:13.1	She is on a mission to be her best self in all areas, it's just believing in yourself.
0:17.6	Confidently stepping outside her comfort zone to create her own vision of success.
0:27.1	Welcome back to the boss babe podcast.
0:29.0	So I sent out a newsletter a few weeks ago and it was talking all about what happened
0:33.6	when I took three months of maternity leave off what happened to the business and I thought
0:38.0	it was really important to write because I think from the outside it can look like everything
0:43.7	was handled, it was smooth sailing, it was easy and we know that in business nothing
0:49.8	is like that and I really wanted to be super honest about what happened in the business
0:55.6	and what that meant for the business moving forward because it did change a lot of things.
1:00.7	So what I thought I would do in this episode is just do a bit of a deeper dive on what
1:05.6	it looked like taking those three months off, talk a little bit about how I prepped to
1:09.9	do that and then also what I learned from that.
1:13.5	I hope in this episode firstly if you want to step back from your business for any point
1:17.4	of time I hope it supports you and being able to do that but secondly I also hope it can
1:22.4	help you short cut some mistakes that I feel like I made or decisions I didn't make
1:27.4	sooner or just generally things that I have put in place now.
1:31.7	I hope that you can implement them in your business now.
1:34.1	So let's kind of talk a little bit about why the business was at.
1:36.7	So leading up to my maternity leave that I took in May of 2022, my main focus in the
1:42.6	business for the duration of my pregnancy was revenue.
	...

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