Episode 606: The 4 Business Principles That Changed My Life (and How I Apply Them to Running an 8-Figure Digital Business)
The Mind Your Business Podcast
James Wedmore
4.9 • 1.8K Ratings
🗓️ 17 April 2023
⏱️ 81 minutes
🧾️ Download transcript
Summary
Want to know what it really takes to run an 8-figure digital business in 2023? In today's episode, I share the 4 most powerful business principles (plus a few bonus ones) that completely changed my life and have allowed my team and I to do it!
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In this episode you'll hear:
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How entrepreneurs think differently and what has happened in my own life when I haven't honored the entrepreneurial side of myself
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What the Law of Compensation entails and how it relates to the fact that we are all in the business of solving problems for others
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The concept of prioritization and the way it can help you determine the significance of your offer
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Why the role you fill determines the results you get in business, plus how to know if you are in a role that you shouldn't be in
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Three skills that every entrepreneur needs to develop
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What I mean when I say that "more structure in the business equals more freedom"
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The reasons that great businesses are built by great teams
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An important distinction about how we do things here as an 8-figure company and why it is relevant for you as you scale your business
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Why maintaining gratitude and respect for others (and the process) as you grow is such a big responsibility
For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/606
Transcript
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| 0:00.0 | You're listening to the Mind Your Business Podcast. |
| 0:04.0 | Today's episode, I share the four most powerful business |
| 0:08.8 | principles that changed my life. |
| 0:11.8 | Self-stay tuned. |
| 0:13.2 | Hi, I'm James Wedmore, and with 13 years on loan, |
| 0:21.2 | I've built my business to over $9 million in sales per year. |
| 0:26.3 | And this is the first non-business business podcast that |
| 0:30.4 | shows you how to apply the principles of spirituality, |
| 0:34.1 | energy, and mindset to create true and lasting success |
| 0:39.0 | all from the inside out. |
| 0:42.0 | This is the Mind Your Business Podcast. |
| 0:44.6 | What is up, ladies and gentlemen? |
| 0:49.3 | I'm James Wedmore, and I'm Jennifer Finley. |
| 0:52.1 | And this is the Mind Your Business Podcast, over 600 episodes |
| 0:57.2 | where I love to bring gas experts, conversations, and distinctions |
| 1:01.3 | about how to grow personally, professionally, spiritually |
| 1:04.8 | from the inside out, everything that I've been learning |
| 1:07.2 | and applying and sharing with you along my journey. |
| 1:10.8 | Here on the show, and today is no different. |
| 1:14.5 | No exception. |
| 1:15.3 | No exception. |
| 1:16.3 | We are going to talk about some business principles. |
... |
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