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Online Marketing Made Easy with Amy Porterfield

#614: Why I Decided To Cancel My Coaching Program Days Before It Launched

Online Marketing Made Easy with Amy Porterfield

Amy Porterfield

Entrepreneurship, Business, Marketing

4.94.9K Ratings

🗓️ 10 October 2023

⏱️ 34 minutes

🧾️ Download transcript

Summary

A true story of decision-making, humility, and the pursuit of a business in full integrity Picture this: A situation where I made a big mistake and was faced with a decision that brought me face-to-face with some hard truths about my business and leadership approach. This particular situation is hard for me to talk about, and my intention in sharing it isn't to air my failures, but to offer you a cautionary tale -- one that might save you from making the same misstep. It’s a real-life story of decision-making, humility, and, ultimately, the pursuit of a business in full integrity. You’ll hear the story of how (and why) I decided to pull the plug on my coaching program and shelve the project indefinitely, after a very long time of working tirelessly on it. It's a candid look into one of the biggest business mistakes I’ve ever made, where I peel back the layers of all the emotions, doubts and lessons that I've gleaned from the experience. Afterall, even after 14 years in the business, mistakes happen -- and what truly matters is the growth we take away from these learning moments. I don’t want to be the kind of business mentor who only shares the big wins, so pop in your earpods and listen to this candid and heartfelt journey through my recent misstep -- and the valuable insights it's provided. Here’s a glance at this episode... [04:32] I usually only share scars over scabs. Scars are experiences that you've already healed from. With a scab, you still have a wound. This is a scab. [07:14] We've been creating a 6-month coaching program working one-on-one with coaches trained by me. It’s been beta tested and we hired a team. [08:30] One week out from the launch, we decided not to launch it. [09:42] We hired Bryan Harris as a consultant to identify where we should be doubling down. He met with the entire team and did an analysis. [11:19] One of the red flags was that some people on our marketing team have a low wellness score. They were trying to cram everything into a 4-day work week. [12:35] The new coaching program was going to require the marketing team to be all hands on deck at the same time as launching Digital Course Academy. [14:46] This year my team made an initiative to be unreasonable and canceling a coaching program one week before launch felt very unreasonable. [16:17] Bryan wasn't saying get rid of the coaching program forever. He was saying put a pin in it and come back to it later. [20:01] My ego and confidence took a hit. I also forgot what I teach. Creating a foundation based on just a few things creates a lot of peace. [23:23] Slow down and don't rush into something new. Do you already have what you need in your business? Do you just need to double down or learn more? [27:18] Take advantage of what's working in your business before you add on. Is there more you can do with what you've already created? Visit the show notes here! Rate, Review, & Follow on Apple Podcasts "I love Amy and Online Marketing Made Easy." <-- If that sounds like you, please consider rating and reviewing my show! This helps me support more people -- just like you -- move toward the online life and business that they desire. Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode! Also, if you haven’t done so already, follow the podcast. I’m adding a bunch of bonus episodes to the feed and, if you’re not following, there’s a good chance you’ll miss out. Follow now!

Transcript

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0:00.0

I suggest you do not launch your coaching program and my first reaction, well, you might not know this about me, but when I get nervous, I laugh. It's a horrible trait of mine.

0:13.0

I have laughed at funerals. I laughed when my best friend broke her leg. I'm not proud of this. I laughed when my mom fell and like, how to get stitches? You guys, is it terrible? I'm laughing right now because I'm nervous to tell you that I laugh when people hurt themselves.

0:29.0

It's horrible. I'm not proud of myself. I have a nervous laugh. So you can guess what I did? I started nervous laughing. Like, through the whole thing, like, you probably thought I thought this was a joke. I was just so nervous.

0:41.0

Because in my mind, I'm like, what are you talking about? We just hired two salespeople that I love. And we have coaches that I've been working with that are incredible.

0:53.0

I created an entire webinar from scratch. And if you've ever created a webinar, you know that is no small fee.

1:00.0

We are one week from launching something that we've beta tested and it has worked. Like, you've lost your mind, Brian. That's what I wanted to tell you. You have lost your mind.

1:11.0

I'm Amy Porterfield. X corporate girl turned CEO of a multi-seven figure business. But it wasn't all that long ago that I lacked the confidence, the budget, and the time to focus on growing my small, but mighty business.

1:29.0

Fast forward, fast, many failed attempts and lessons learned. And you'll see the business I have today.

1:35.0

One that changes lives and gives me more freedom than I ever thought possible. One that used to only exist as a daydream.

1:45.0

I created the online marketing made easy podcast to give you simple, actionable step-by-step strategies to help you do the same.

1:53.0

If you're an ambitious entrepreneur or one in the making who's looking to create a business that makes an impact and a life you love, you're in the right place friend. Let's get started.

2:06.0

Real quick, I wanted to tell you about a podcast that I think you should take a listen to. It's called The Side Hustle Pro Podcast.

2:16.0

It's hosted by Nikkela Matthews-Akome. And this podcast is part of the HubSpot Podcast Network, the audio destination for business professionals.

2:26.0

The Side Hustle Pro Podcast showcases diverse entrepreneurs who have scaled from a side hustle to a profitable business.

2:34.0

And I talk a lot about side hustles on the show, so I think it complements what I talk about as well.

2:39.0

So you can learn actionable strategies and different tips to start small and get going wherever and whoever you are.

2:48.0

Nikkela shares her real and authentic depiction of what it's like to side hustle while working a full-time gig and the emotional roller coaster of building a viable business on the side.

3:01.0

Honestly, it's like being a fly on the wall of two girlfriends discussing their journey of turning their side hustle into a profitable business.

3:08.0

I love episode 355. It's called She Turned Her Cash Budgeting Brand into a $1 billion business on TikTok. And you know I'm a sucker for all things TikTok.

3:19.0

So listen to Side Hustle Pro wherever you get your podcasts.

3:25.0

Well, hey there friend. Welcome back to online marketing made easy. But today I'm going to talk about something that wasn't so easy.

3:33.0

And I'm just going to jump into it because I don't want to do this episode. I do not want to tell you about this because it touches on an experience I recently had where I made a big mistake.

...

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