Nick welcomes business mastermind James Schramko to discuss his journey from working in the automotive industry to becoming a successful online entrepreneur. James shares his experiences transitioning from a high-pressure job to creating a thriving online business that provides him with the freedom and flexibility he desires. He emphasises the importance of personal effectiveness, building a small team, having a good offer, and choosing the right business model.
James also highlights the significance of focusing on customers, recurring subscriptions, and avoiding shortcuts in business.
KEY TAKEAWAYS
- Focus on increasing personal effectiveness by doing the right things, not necessarily working long hours.
- Build a small team to alleviate the pressure of having to do every role in the business.
- Have a good offer or product to make life easier; focus on customers and genuinely care about them for repeat business.
- Insist on having a recurring subscription at a higher price point for leverage in the business model.
- Avoid shortcuts, bad clients, and dodgy offers that sound too good to be true.
BEST MOMENTS
"I went from zero to 300 grand a year in two and a half years"
"It's about having a good offer. Like almost everything's easy if you have a good offer. If you don't have a good offer or you don't have a good product, life's going to be difficult."
"Focus on customers and actually care about them and then you'll find you get repeat, referral, lifetime relationship. I love having clients for 7, 8 years, 15 years."
GUEST RESOURCES
James Schramko - https://www.jamesschramko.com/
VALUABLE RESOURCES
FREE TRAINING:
Below, I cover 3 Simple Scaling Systems that will help you build a business that provides more freedom, makes you more money, and sets you up for total financial independence.
https://go.highvalueexit.com/training
FREE DOWNLOAD:
"Exit For Millions Blueprint” - This blueprint will help uncover gaps across 15 danger areas that could sabotage your dream of achieving a life-changing exit.
https://go.highvalueexit.com/opt-in
Nick’s LinkedIn: https://highvalueexit.com/li
Nick Bradley is a world-renowned author, speaker, and business growth expert, who works with entrepreneurs, business leaders, and investors to build, scale and sell high-value companies.
He spent 10+ years working in Private Equity, where he oversaw 100+ acquisitions, 26 exits, and over $5 Billion in combined value created. He has one of the top-ranked business podcasts in the UK (with over 1m downloads in over 130 countries). He now spends his time coaching and consulting business owners in building and scaling high-value business towards life-changing exits.
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