– Trading time for money
– Generating “side” revenue
– Cash Flow Assets
– Compounding Interest
– Why “the status quo” is a downward trend
This was prepared for a friend who wanted some advice for her kid. Let me know if it helps you!
This was prepared for a friend who wanted some advice for her kid. Let me know if it helps you!
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Taryn is an experienced business mentor, and she’s worked with a lot of small businesses.
Based in Yorkton, SK, Taryn started a gym to pursue her CrossFit passion. Like many of us, she quickly realized that her job skills didn’t translate into ownership skills. She sought a mentor and turned her gym around.
But during that process, she began sharing her lessons with other entrepreneurs (as I did.) That unlocked a new passion for coaching small businesses to help them avoid the mistakes she made…and scale up faster.
Taryn’s in a unique position: she’s a popular mentor in my mentorship practice for gyms, AND she’s successfully opened her own practice to help other types of businesses. Many have tried to do it, but Taryn is successful. In this episode, you’ll see why.
Starting your own company often means wearing many hats and mastering a wide array of skills. When I founded my first business, a gym, I had to be adept at various tasks from entering daily sales to ensuring a clean and welcoming environment for my clients. While I considered myself an A-level trainer, my skills in other areas, like bookkeeping and cleaning, were decidedly less polished. I quickly learned that entrepreneurship demands generalist abilities—you can’t just be an expert at your service, whether it’s personal training, hair styling, or driving a cab; you need to have a competent understanding of all aspects of the business.
However, as the business expands and staff are brought on board, a shift occurs. You’re no longer looking for jack-of-all-trades. Instead, you seek out specialists—individuals who excel in a singular field. This is evident in any large company, where specialists are often employed by generalists. The key is understanding when to bring in these specialists to fill roles you are less adept at handling.
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