My Biggest Business Mistake - and how I turned it around

[Creative Freedom S5EB4]

First, I'm super thrilled to announce that I'm now a fully licensed and certified Fix This Next coach and I'm booking assessments now. I mention this now because it's a huge celebration, but also because it's relevant to this week's episode. When you can pinpoint the biggest issue in your business, you can fix it sooner and get your business back on track. That's what Fix This Next can do for you. Schedule your Fix This Next assessment today and get the clarity you need to grow your creative enterprise.

“If you can avoid just a few of the biggest, most crucial mistakes that I’ve made, then success is going to come much easier.” Said Shravan Gupta.

Okay, on with the show. This is bonus episode four in a series of unscripted "lessons learned" from 25 years as a creative entrepreneur.

One of the hardest lessons I learned was this: No one is coming to save you. You're a business owner, and you need to act like one. If you don't like the way the system works, the only way to change it is from the inside. In this episode, I'll take you behind the scenes in my biggest business failure and share how I turned it around.

You'll also see examples from Apple, Denise Duffield-Thomas, and Leonie Dawson, to show you why you need to take control of your business and act like a business owner if you want it to grow - and how growing for growth's sake is only going to make you miserable.

Listen To The Podcast

Podcast Show Notes

• The biggest problem most creative entrepreneurs face
• How I learned (the hard way) that no one was coming to save me - and how I turned it around. Hint: I had to start acting like a business owner
• The system might be rigged, but the only way to change it is from the inside
• An example of influencing system change from the outside from the TV show "Timeless"
• How I'm using my own business to change the system from the inside
• The importance of retaining profit and the risk (and privilege) of racking up debt in the early stages of business (and why I endorse using Profit First)
• Two examples of 7 figure entrepreneurs who decided to "scale back" and stop growing for the sake of growth (and how to decide for yourself)

Mentioned In This Episode

• Creative Freedom Incubator
• "Fix This Next" and "Profit First" by Mike Michalowicz
• "Timeless: Season 2" - Episode 7: Mrs. Sherlock Holmes
• Leonie Dawson's post
• Denise Duffield-Thomas' post
• Accountability Club

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Theme music: “Welcome to the Show” by Kevin MacLeod, incompetech.com. Music licensed under creativecommons.org/licenses/by/3.0/