376. How James Wedmore Went From $2M To $10M In One Year With ONE PRODUCT + A Team of Just 8

the bossbabe podcast

Natalie Ellis

Entrepreneurship, Education, Marketing, Self-improvement, Business

4.9 • 2.6K Ratings

🗓️ 9 May 2024

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

Building a really successful freedom-based business shouldn’t come at the cost of your health + lifestyle. We’ve been conditioned to think that the harder we work, the more money we will make + the better results we will get. Newsflash: it’s actually the complete opposite… and today’s guest - my friend + business mentor, James Wedmore - is going to share strategies, stories and tactics to help you grow your business at any stage with ease. From how James took his business from $2M to $10M in just ONE YEAR, the hard choices he made to unlock massive growth, and how to delegate + build a dream team of A-players TO the critical lessons entrepreneurs at every/any stage of business need to know… and how you can actually do LESS to make MORE money. If you’re a current business owner or aspiring entrepreneur, you don’t want to miss this episode! TIMESTAMPS 00:00:00 - Coffee Talk + Meet James Wedmore 00:01:44 - Building an 8 Figure Company w/ A Small Team of 8 00:04:00 - Most People Aren’t Wired For Entrepreneurship + Being Hardwired To Be An Employee 00:05:05 - A Call From James’ CFO That Changed Everything 00:08:45 - What Legos Have To Do With Business 00:14:36 - Taking His Business From $2M to $10M 00:14:52 - Starting Over + How To Create A Blank Slate In Your Business 00:19:00 - Coaching Your Team Up + Showing Up As A Leader For Your Team 00:20:20 - You Are In A Relationship With Your Business (It Has Needs!) 00:21:36 - Hiring + Getting The Most Out Of Your Team 00:23:00 - Having Uncomfortable Conversations = The Level Of Your Success 00:27:38 - The Real Levers Behind Going From $2M To $10M (People Don’t Want To Hear The Truth) 00:34:50 - Phases Of Business + Doing Less To Make More Money 00:38:00 - James’ Take On Burnout 00:42:12 - You’re Doing Too Little Of What You Love + Being Happy Is What Makes You Money 00:47:52 - You Are NOT The Exception + Changing As You Grow 00:51:10 - Pebble, Rock, Boulders - Learning Lessons In Life + Business 00:53:53 - Making Millions From 2 Products, Being Multipassionate + “Do It Less, Do It Better” 01:04:16 - The Role Of The Digital CEO 01:06:12 - The Origin Story of James’ Business + Launching His Very First $97 Product (He Made $400k In The First Month) 01:13:44 - Outro + Closing Thoughts RESOURCES + LINKS Save your seat for James Wedmore’s totally free, 3 day Rise of The Digital CEO training Join The Société: The Place to Build A Freedom-Based Business Get Our Weekly Newsletter & Get Insights From Natalie Every Single Week On All Things Strategy, Motherhood, Business Growth + More. Drop Us A Review On The Podcast + Send Us A Screenshot & We’ll Send You Natalie’s 7-Figure Operating System Completely FREE (value $1,997) FOLLOW bossbabe: @bossbabe.inc Natalie Ellis: @iamnatalie James Wedmore: @jameswedmore

Transcript

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0:00.0	I believe we take a lot of what we learned in how to live in life and apply that to business,
0:07.2	but so much of that set us up to be a good hardworking permission seeking employee. And the moment you're in business you are not an
0:14.7	employee and if you're operating your business like an employee you're just working harder and longer
0:20.8	sitting there probably going I've worked so hard for this, I deserve it.
0:24.0	Well, of course you deserve it, but working harder doesn't cause or guarantee anything.
0:28.0	And so we need to approach it a different way. Mike.
0:37.0	Welcome back to the Boss Vay Podcast. Today we are bringing back one of our most popular episodes that we recorded with my good friend and mentor James Wedmore.
0:45.6	If you don't already know about James, he's incredible.
0:48.1	I've learned so much from him over the past few years and we've actually shared a lot
0:51.2	about his business by design course because we believe in the work he's doing so much.
0:55.6	In this episode we go really deep into designing a life and business that creates true freedom for you.
1:01.2	That means time, location, financial and inner freedom. We also get into how to build a revenue engine in your business, attract a team of A players around you and delegate so you can elevate your role.
1:13.2	It's so, so good and truly a must listen to episode for any entrepreneur who wants to take
1:19.0	their business to a whole new level, minus the overwhelm and stress.
1:23.6	So with that said, let's get into the episode with James.
1:27.0	James, welcome to the podcast.
1:32.6	Thank you for having me, Natalie.
1:34.6	I'm excited.
1:35.6	And I want to start with something that blows my mind and is what it really inspired me
1:41.5	and attracted me to your work is you have an 8 figure company with 8 team
1:45.2	members. To me that is heavenly. And when I have been listening to you speak and diving into your work, it really has shown me there's a better way of doing things.
1:58.0	And I know myself and so many other women that I know have been in a place where it felt like the only way through was burn out and just like burning the candle at all ends and hiring team member after team member and building this company that feels quite bloated and when I listen to you speak I'm like
	...

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