Why Entrepreneurs Stay Stuck at 7 Figures (And How to Break Through) | Stephen Scoggins
School’s Over...Now What?
Shawn Anthony
5 • 670 Ratings
🗓️ 7 May 2025
⏱️ 78 minutes
🧾️ Download transcript
Summary
Shawn Anthony sits down with Stephen Scoggins—entrepreneur, mentor, and 8-figure business builder for a raw and powerful conversation about hitting rock bottom and rebuilding with purpose. If you're a visionary, founder, or creative chasing legacy over clout. This one’s for you.
What you’ll learn in this episode:
- Why hitting rock bottom might be your greatest advantage
- The mindset shift from 7- to 8-figures
- Delegation, identity, and the danger of doing it all yourself
- The real reason most entrepreneurs stay stuck
- How to multiply your profits by scaling down
Follow Stephen Scoggins
📲 Instagram: @stephen_scoggins
Checkout Stephen Scoggin’s Integrated Alignment Method HERE
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About School’s Over...Now What?
Join Shawn Anthony as he talks to fearless business leaders who’ve shattered conventional wisdom to achieve massive success. Each week, our guests share jaw-dropping stories of overcoming obstacles and, most importantly, answering the question:
"School’s Over…Now What?" Get inspired and access cutting-edge strategies to transform your business and life. 🎙️ New episodes every Tuesday on:
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🌐 Website: https://www.schoolsovernowwhat.com/
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Transcript
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| 0:00.0 | Do you want your business to grow? Yes or no? |
| 0:03.0 | If you want it to grow, then you've got to step aside. |
| 0:06.0 | 19 year old, I went to making really, really good money really, really fast. |
| 0:10.0 | Problem with that was, is that never been trained to manage money. |
| 0:13.0 | Was I blew it all. |
| 0:15.0 | One of the biggest shifts you're going to have from going from a seven-figure mindset to an eight-figure mindset, or even a six to a seven, |
| 0:21.3 | is not as much about creating revenues as much about compounding time, talent, and resources. Pride and ego drive your behavior systems, then essentially you're setting yourself up for a catastrophic failure. |
| 0:33.2 | I can tell you, there was $1.7 million missing. I thought the world was gonna come to a end |
| 0:37.7 | because I had to fire literally an entire executive team |
| 0:39.5 | almost overnight. |
| 0:40.3 | Most of us think that there's more money to be made |
| 0:42.8 | by bringing in more clients. |
| 0:44.1 | When reality, there's more money to be made |
| 0:46.2 | by structuring your company correctly. |
| 0:48.0 | One of the greatest things that I ever did as a leader |
| 0:50.2 | is I asked this one question. |
| 0:51.2 | This will lock your world. |
| 0:52.4 | You ready? |
| 0:53.4 | Ready. You sure? |
| 0:54.7 | Yeah, I'm ready. |
| 0:55.5 | It's a big one. |
| 0:56.0 | It's a big one. |
... |
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