Top Business Podcast • over 4 million downloads • 900+ episodes
The Strategy Hour Podcast
with abagail pumphrey
Recognized by INC and Forbes as one of the best podcasts for entrepreneurs, join our twice-weekly show as we share business strategies, interviews, and actionable advice for building an online business your way.
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Our Episodes
November 2021 Profit Report: Creating Real Sustainable Income and Dissecting Our New Growth Trajectory
Welcome back to another profit report! We’re going back in time to talk about November 2021. We’ve been doing these profit reports for over two years, and we can’t believe how time has flown by! For those who are new to the profit report, in these episodes, we offer a breakdown of our strategies and decisions, as well as insights into how money moves around within a company like ours. It allows you to gain an informed perspective on what it looks like to grow a company of our size, and hear insider conversations about things like healthy profit margins and expenses.
Today, we talk about our launch in October and how it has affected our November profits, including recurring revenue from people who made purchases in October. We unpack some of the exciting changes we’ve made, particularly when it comes to budgeting and reimagining how we’re going to continue to grow and scale. You’ll also hear about why a lot of this comes down to hiring and how we make decisions around that based on projections of client needs and outcomes. Tune in for a detailed breakdown of our profit report, insights into our goals for next year, and why we are so excited to grow!
Creating Benefits to Attract Top Talent
This week on the Strategy Hour podcast, we discuss how to create benefits that will attract top talent while also allowing your company to thrive. Running your business can often put you in situations where you have to compromise, but that doesn’t mean those compromises have to be permanent. Once you reach the point where you can take on new staff, you can begin to ask yourself what benefits you can offer versus what you want to offer. It won’t happen overnight, but setting out goals that build towards your vision for your company can be incredibly motivating!
Hiring new staff can come with a series of unanticipated costs outside of their salaries, like taxes and opening new 401K plans. While it may seem overwhelming at first, a little planning goes a long way. We’ve benefited greatly from having expert consultants advise us on how to take on new hires, from accountants to help us with cash flow, to HR’s advice on how to structure maternity leave and healthcare benefits. It’s been incredibly exciting entering this stage of our business, where we can grow our work community and set goals for how we can support our employees in every aspect of their lives! We fully believe that you are so much more than your job and your career, and we want to support all those elements from family, to friends, to health and alternative medicine.
The Shift that Doubled Our Business in 4 Months
We have to get creative about how we manage human resources within a completely digital team that is just growing and growing! It’s been the wildest 6 months. You will go through seasons of your business where you are very sure about what you want and what you don’t want, but remember that you have the right to change your mind. What we wanted two years ago is not at all what we want right now, but we’re not mad about it. When you change your mind about something, it’s probably because you have learned more, or have more confidence or more skills in that particular area, and that is nothing to feel bad about! This episode is all about the mindset shift which led us to change something in our business that caused an unprecedented level of growth!
The Importance of Quality Control and Playing to Your Strengths With Jared Pumphrey
This week, we have a very exciting episode with Emylee, Abagail, and Abagail’s partner, Jared Pumphrey, who joined the team earlier this year as Boss Project’s Marketing Manager! Join us as we dive into what Jared’s role entails, how it has impacted our business, and how he has no idea how we managed before we had someone dedicated to running the day-to-day operations. Tuning in, you’ll also find out how to set boundaries for a healthy marriage when going into business with your spouse, as well as what Jared and Abagail love about working together.
Jared unpacks the importance of having an internal system for quality control and why, if you're the last person who did something to a document, you can't verify that it's perfect. Later, we reflect on how a team can thrive when they are allowed to play to their strengths, what that entails, and how you can go about helping them operate in their zone of genius.
How Our Team Prepares for Holiday Time Off (Steal These Strategies)
In this episode we’re talking all things holiday and work and productivity and delegation and organizing and all of that good stuff! If you haven’t listened to any of our previous episodes about taking the full month of December off, we highly recommend that you go do that. But today’s episode is going to be a little bit different, because our business looks a little bit different now. We’re going through a different season in our business, so we aren’t taking the full month off like we have done in the past, we’re still going to make sure that we enjoy our holiday season!
Setting Boundaries and Growing Confidence with Megan Reed Part 2
Part 1 of our conversation with Megan involved a discussion around the difference between self-care and treating yourself (and what this means for you as a business owner) and how to really step into your identity as a person and figure out what fills you up. We ended the last episode by touching on the confidence realm; confidence allows us to do so many things in life and business.
Today, for part two of our conversation with Megan, we’re going to continue on this confidence theme and also get stuck into our very favorite ‘B’ word of all time; boundaries! Boundaries look different for everyone, and can be continuously redefined as you grow and change as a person. Nobody knows what’s going on in your head, and setting boundaries is a way of protecting your energy, your wellbeing, your personal safety, and so much more. Join us today as we spill all the beans on boundaries!
The Difference Between Health-Care and Self-Care as a Business Owner with Megan Reed Part 1
Our guest today, Megan Reed, is one of our new client success coaches inside the Incubator. She works alongside our clients to really uncover some of the mindset work that's necessary to take you to the next level. Her background in design makes her a really valuable player. Today we’re going to be talking about the beliefs that you have about yourselves, and some things you need to be working through.
We don’t often tackle the topic of mindset on this show, or with our clients, because that isn’t our field of expertise. So we decided to bring someone on who really knows what she’s talking about. The reason why we wanted to cover this topic is because of the responses that we received to a question we asked on our Incubator intake forms. “How do you like to treat yourselves?” was the question, and the answers basically ranged from, “I don’t know,” to “I don’t treat myself.”
October 2021 Profit Report: Increasing our MRR by 77% in Less than 7 Days
We’ve been working on something exciting for a really long time and today’s episode exists to introduce you to our newest offering, which includes taking on clients for our business incubator! Our business was working. We could have successfully continued with our existing plan. Instead, we made an intentional move, looked at what we wanted to do, saw that the mission was the same as when we started, and then asked ourselves how we could achieve even more of that!
If you can focus less on what you want and more on the problem you are actively solving for your audience, the doors will open. Your business should take care of you, NOT drain you! We want you to know that where we are today is the result of having a full staff of people, an audience in the millions, and six whole years of hard work, which is why we are sharing some insight into our hiring process, the art of simmering, our desire to take on clients again, and so much more in our October profit report for 2021! Join us today!
Exiting Corporate and Stepping Into Building YOUR Brand and Business with Shaunda Head of SHH Creative
In today’s episode, we gain a really interesting perspective on the topic of branding from Shaunda Head, an Atlanta-based brand strategist and digital marketer who helps women align ALL THE THINGS in their brand so that their brand message can impact more powerfully! We chat about Shaunda’s experience of building her expertise in corporate institutions and the challenges of the transition between that world and going out on her own. Shaunda also shares the process she went through to uncover who she really is, rather than who she was when she was working for someone else.
A lot of our clients are in the same position; you guys are highly skilled, you know your shit, and you can serve people in incredible ways, but figuring out how to do that outside of someone else’s umbrella can be what is holding you back. This episode will give you some amazing ideas on how to rebrand yourself so you can step into who you truly are, so make sure to join us today to learn more from the amazing Shaunda Head!
Getting Clear on the Service You Offer: Why Niching isn't Always the Answer
To niche or not to niche? That is the question. This week we’re diving into the hot topic of whether or not to niche, so get your pros and cons lists ready because we’re about to dive into all the details of this tricky decision! Whether you’re a service-based business owner or multi-passionate with a wide variety of offerings, this question can be very difficult to answer, especially since there are benefits and drawbacks to both choices.
Passive Income Doesn't Exist (Here's What to Do Instead)
We recently brought in an amazing cohort of clients inside of the incubator. Throughout that process we’ve read hundreds of applications, and there are two sentences that we found as a recurring theme and desire within these applications which we really want to respond to. We’ve got a lot to say on this topic, and we feel very passionately about it, so get ready for the rant! People have this elusive idea that they want to earn a passive income. In other words, they want to earn money in their sleep.
There is a version of this that does exist, and we’ll happily share that with you, but passive income isn’t what you think it is. If you believe that if you’re not chasing passive income then you’re doing business wrong, you need to listen to this. The way passive income is framed in the online industry is toxic, and can cause you to miss out on so many great opportunities. We know that passive income sounds like a perfect scenario, but today you’ll hear why it’s really not all that cracked up to be!
Unpopular Opinion: The Toxic Behavior That is Rampant Inside the Business "Education" Industry
There’s a massive problem that’s affecting our entire audience right now, and we have some seriously strong feelings about it, which you’re going to hear all about in today’s episode. Do you guys remember that show called Celebrity Deathmatch? That’s what we’re doing today, but we’ve got “serving” and “marketing” in the ring. We are furious on behalf of our clients because of how they have been manipulated into wasting so much of their time and money.
Today, we’re going on record to say that the business education industry is rampant with marketing pros trying to teach other people to be marketing minions instead of actually teaching foundational business concepts that don’t change. Marketing is in our blood, so we get the desire to do this, but marketing is not the key to success. Hear us out.
How to Hire a Personal Assistant and Delegate Tasks Strategically
When we first began to consider that we may need personal assistants, we discovered that we had some unexpected, and somewhat complicated, reservations. While the extra help would certainly have been welcome, we had a tough time justifying the hire in our minds. Hiring an assistant brought up an unexpected amount of mind junk, from outdated notions around a woman’s role in the house to Emylee’s very personal experience of her mom and nana owning a cleaning business, and it just seemed impossible to align the hire with our values. Add to that the terrible depictions of personal assistants that you saw in movies like The Devil Wears Prada, where PAs were always repeatedly degraded by their bosses, and the idea of hiring a personal assistant could easily make you feel like a monster.
It took us months and years to finally process and overcome these limiting beliefs and ultimately make one of the best decisions of our careers! Not only was hiring a personal assistant much more affordable and manageable than we expected, but we hadn’t anticipated the amount of freedom, peace of mind, and brain space it would give us! No matter where you are in your career, hiring a personal assistant is likely a much more achievable goal than you realize. In this episode, we break down how we chose to get a personal assistant, the process we used to prioritize our needs and reflect on how our personal assistants impacted our lives. So let’s dive in!
A Bookkeeper's Perspective on the 1:1 vs. 1:Many Business Model with Parker Stevenson
Put your socks on, pour a fresh cup of coffee and tune into this conversation with Parker Stevenson. If you’re a service provider who wants to make more and work less, today’s episode is for you! It’s not that we’re comparing one business model against the other, but rather, we’re considering an informed perspective on the 1:1 and 1:many approaches to business.
How High Earning Service Providers Manage Their Clients
It has come to our attention that there seems to be a widely held belief that high-earning service providers already know exactly what they’re doing. The perception is that everything is running super smoothly and that they are acutely aware of exactly what they need to be doing at all times. That they are solely focused on their zone of genius and that they've made no changes to the backend of how they run things. This is most definitely not the case.
meet your host
I don’t believe there’s one right way to build a business.
I’m your host, Abagail Pumphrey. And I’m dedicated to supporting online businesses.
I’m here to help you build business your way: one that supports not only the life you have but the life you want. I’m on a personal mission to help you become financially free.
I’m talking about all the lessons learned as I turned a layoff into a 7-figure online business. I’m here to help you prioritize your life every step of the way, whether you’re creating your first digital product, growing an email list, or scaling an already profitable business.
I want to hear your hot takes, your biggest takeaways, or the genius ideas that pop in your head as you’re listening to the show.
My DMs are always open on Instagram, so head over and introduce yourself so I can get to know you!
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Build your list and grow your revenue at the same time!
I’ve kept these details to myself for far too long. I’m ready to spill everything and give you the exact steps that’ve helped me generate tens of thousands of qualified leads and MILLIONS in low-ticket digital product sales. I won’t just show you what I did, I’ll teach you how you can do it too.
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