380. How to Build Your Money Machine + The Routines Of An 8-Figure Entrepreneur With James Wedmore

the bossbabe podcast

Natalie Ellis

Entrepreneurship, Education, Marketing, Self-improvement, Business

4.9 • 2.6K Ratings

🗓️ 23 May 2024

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

James Wedmore + Natalie Ellis sit down today to talk about what a week in the life of an 8-figure entrepreneur and business owner really looks like. From his weekly 23-minute meeting, the roles he’s hired on his team, the exact numbers + metrics he tracks to how to build a money machine, showing up as your authentic self online, and the importance of “TLC” in your business – this episode is packed with really tangible strategies, tactics, and advice that will help you move the needle in a major way (both in your business + your life)! TIMESTAMPS 00:00 - Coffee Talk + Introduction 01:35 - Control Issues + How It Impacts Your Business 03:50 - Roles In Your Business + Unbottlenecking Yourself 05:31 - Typical Week - BTS of An 8-Figure Entrepreneur + How James Breaks It Down 08:00 - Metrics Manage The Team Member 14:00 - Asking The Right Questions That Lead To The Right Decisions 17:30 - Slow Down To Speed Up 20:45 - Validation + Truly Showing Up To Help Others 22:00 - What Helped James To From $300k to $1.2M + The Biggest Kiss of Death In Business 28:18 - Showing Up Authentically Online 31:04 - Inside Look At The Roles + Org-Chart Behind James’ Multi-8-Figure Company 34:00 - Defining “TLC” In Your Business 37:09 - Getting Traffic Into Your Funnel + Building Your Sales Machine 39:20 - Funnel Math + Increasing Performance 43:30 - Paid Ads + Knowing Your Numbers 45:12 - Releasing Shame + Focusing On The RIGHT Numbers 49:00 - Do You Want To Give What It Takes? 51:00 - There Is A Formula Every Marketer Has + You Can Access It 51:46 - Special Invitation From James + Takeaways 54:50 - Teaser On The “One Gear” James Put Into His Sales Machine That Added $2M Instantly RESOURCES + LINKS Save your seat for James Wedmore’s totally free, 3 day training: Rise of The Digital CEO at bossbabe.com/rise 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	That is complete and utter nonsense.
0:03.6	Stop giving yourself so much self-importance
0:06.3	because you're right.
0:07.2	They are not buying because of you.
0:09.5	They're buying because there's a problem that they have and either you've shown them and
0:16.1	demonstrate that you can solve it or someone else well and when you make it more
0:19.8	about a framework or a methodology that you are I'm going to deliver this here today because we've gotten so many
0:40.8	messages from you guys saying how much you loved part one of this episode,
0:46.2	and it makes me even more excited to share part two with you today.
0:49.8	In today's episode, we talked about all things routines, performance and purpose.
0:55.0	And honestly these are some of my favorite things to talk about because they're literally
0:58.0	the driving force behind your success as a business owner and in designing a life that really lights you up.
1:04.9	We go into a typical week in the life of an 8 figure CEO, the organization of our teams,
1:10.3	control issues as an entrepreneur and the biggest kiss of death in business.
1:14.0	So grab your notebook, get cozy and let's dive into the episode with James. Okay, so I gave you a bathroom break. How are you feeling?
1:26.0	Thank you so much for that.
1:27.0	You're welcome.
1:28.0	We like to take care of people around here.
1:30.0	Yeah.
1:31.0	Okay, so we're going to dive into a lot of places.
1:33.8	Specifically, I want to talk about your role in your team
1:37.3	to begin with, and we're going to,
	...

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