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
Planning for Worst Case Scenarios 2020
For those of you who don’t already know Emylee – welcome to her anxious life. She is the type of person who can tell you where every exit in a building is, or how to stop drop and roll in case of a fire, and where to hide just in case a tornado suddenly appears on route to the mall. In business, Emylee is the kind of person that likes to go through every single worst case scenario. She always has a back up plan… and a backup plan for the backup plan. Emylee is the queen of doing this and it turns out this can be a super helpful attribute to have in a business partnership.
This episode is about planning for the things you can never plan for. It’s about answering those difficult “What if” questions. It’s about securing your business for the future and the reassurance this brings to your life. For those of you who are single business owners, we’re not sure you’ve thought of planning for worst case scenarios and exactly how to do that. So in today’s episode, we’re going to be sharing our experiences and the reasons we have made planning for worst case scenarios an integral part of our overall business strategy. We discuss buy-sell agreements, the various insurance options you have, the tough questions you need to ask yourself today and how you can effectively plan for the worst, in the best kind of way. Take a listen!
March Profit Report: How COVID Impacted Our Profit + Did We Reach Our Profit Goal for Q1
We dunno if y’all noticed, but March was weird. March was also hard, hurtful, and 7,000 times longer than January. That’s probably because March asked us to adjust to a new normal and we were still getting used to being home—all the time. And we’re not here to pretend like our situations are better or worse than anybody else’s because, like you, neither of us knew what was going to go down in 2020. What we do know is that this period will be a watershed in small business, the impact of which will likely be felt years from now.
While we don’t know how this will pan out, we can give you our March profit report and roll it out into a Q1 report in general for you guys to see how the first three months of the year went for us. You can always DM us if there is anything you want to know that we didn’t cover—we’re all here to learn together, right? In this episode, we tell you how each of our products fared, including the surprises and the disappointments we had and how we overcame certain obstacles. One thing is certain: tuning in to this episode will encourage you because we show you how reaching your goals is still possible!
What Is Human Design and How Can You Use it to Become a Better Business Owner Part 1
Hey everybody and welcome back to the show. This is going to be a really good episode because today we are finally talking about the Human Design personality test method. We have heard such muttering about this topic and we are obsessed with personality tests in general. It’s amazing how in this Human Design model, personality is seen as something baked into who you are. You don’t get to pick or adjust over time like in other test models. It’s literally based off of your birth hour/minute/location, so you cannot change what you are.
We know very little about this topic but wanted to share what we have learned so far. Tests like the Enneagram and Myers–Briggs give you such good insight about who you are, and you can learn how to be a better person and understand your faults. The Human Design model, by contrast, can help people become more balanced through collaboration. Our conversation today is structured by running through the book Human Design: Discover the Person You Were Born To Be, which helps breakdown how Human Design came about. We will talk about some of those basic principles today and how they relate to our types as business partners. Enjoy!
How to Create A Super Productive Work Environment At Home
Today on the Strategy Hour Podcast, we figured that – in light of the current coronavirus restrictions – it might be a good idea to share some strategies for creating a super productive work environment at home. With a great deal of travel suspended, in-person events canceled, schools closed, and employees asked to go home, people around the globe are having to think about how they can remain productive out of the office.
Some of you might already be working from home, but for some, this might be a first-time experience and we want to help you master the most common challenges when living, working and parenting in the same space. With kids at home, parents are now confronted with the added challenge of having to look after their children while still maintaining work productivity. In this episode, we dish out strategies for getting your to-do-list crossed off, whether you are a business owner, parent, or both!
Love is Blind: Lessons for Your Business from Netflix's Hit Reality Show
Like most of the US population, we are currently obsessed with the new hit show on Netflix Love is Blind! Today we are picking apart why we think this has been a viral sensation that has hit our country, and most importantly, what takeaways there are for your business. It may seem odd that we are comparing a reality show about finding love to business but you will be surprised at the similarities – especially when you look beyond what happens in public view. And if you haven’t watched this show or aren’t caught up, you might want to wait before listening to this episode because there will be spoilers.
Love is Blind came out about two weeks ago but Emylee was late to the party since reality television is not her thing, but after watching the trailer, she was hooked! Let’s be honest though: reality shows are trashy more often than not, and some of us don’t even like admitting that we watch them – it’s a guilty pleasure for many. But they can be a rich source of learning life and business lessons. In this episode, we compare relationships to business and the principles that apply equally to both. Just as the dating stage is required to build trust between two people, so business owners need to find strategies to attract customers and then to establish themselves as trustworthy and relatable. We also talk about the importance of showing up as your true self rather than trying to be who you think others want you to be — all of which we relate to the choices of the contestants in our new favorite show. Let’s jump in!
January Profit Report: 46% Profit on a Historically Low Month
Hey friends! We are back for another profit report. It is time to break down January’s profit, the first profit report of 2020, and we are super excited! If you’re new here and this is the first profit report you’re listening to it might be a little bit different than what you’ve seen floating around online where people do ‘income reports’. We decided last fall to change up the narrative, not only for ourselves and our mentality when we’re talking about business and our own goals but also for the ‘comparisonitis’ that happens. Sometimes when you hear income reports where people list high figures and goals it gets really overwhelming and unattainable, and we can’t really compare that progress or those strategies to our business because we feel like the expectations are so different.
So, what we have tried to do is share percentages and profit. We have made it a goal to focus more on profit than big, shiny, sexy revenue, and that goal is continuing into 2020. It feels really good too! So, throughout this episode, we’re going to share percentages of products or expenses in our own business so you can begin to see the weight those things bear on us, and can make easier comparisons with your own business too!
Validating Your Offer and Leaning Into Your Role as Founder with Jessica Korthuis of Sohuis
Life as a successful female entrepreneur can be frazzling with all the different responsibilities you have to take on. Sometimes it can be difficult to know which thing to tackle first! Today on the podcast we have Jessica Korthuis, founder of Sohuis, a marketing and branding education resources company that provides on-demand training for early-stage female entrepreneurs. Jessica is a powerhouse brand strategist marketer, and she has worked with brands like Red Bull, TEDxWomen, Girls Who Code, Stanford University, Bloomingdale’s, and Florida Institute of Technology.
In this episode, we are talking about all the differences between small business ownership and entrepreneurship. We cover marketing tips, feeling the need to do everything and be everywhere, and how to prioritize the stuff that is actually working in your business so you can move forward. Joining this discussion, you’ll hear some top tips for validating your product, how to stop being a perfectionist and take action, and the value of being transparent to build audience trust. There is a lot of mindset-related stuff we are tackling today! Jessica is really in tune with female founders, and the different way intuition works when running a business. So, if you’re feeling a little overwhelmed about what is on your plate and what you have to handle, perfect! This episode will definitely provide some clarity for you.
Why Strangers Support You More Than The People You Actually Know
Oftentimes the people closest to us are the most apprehensive about our business goals and dreams, and this can be isolating. You worry that perhaps you have done the wrong thing as their lack of enthusiasm or support makes you doubt yourself. But have you ever considered that this might be because you going for your dream might remind them that they are stuck? Maybe their skepticism is more about them and how your aspirations make them feel – how it highlights their passivity or the rut they find themselves in. Conversely, it could be your loved ones offer the wrong kind of support or they share their fears around your decisions because they do want you to succeed.
It could be that your spouse is more anxious than you are and that he or she is uncomfortable with you taking risks. As we all know, being an entrepreneur is all about insecurity and unpredictability! In this episode, we share our thoughts about why strangers are often more supportive than our loved ones. We talk about setting boundaries, not giving power to the wrong people, keeping a healthy perspective on the opinions of others, and why it is okay to unfollow people on social media!
December Profit Report: When It’s Helpful to NOT Launch
You may have wondered what kind of revenue our business made over the holiday season, so today we’re giving you all the details about December. So, even though we’re properly settled into 2020 by now, let’s just backtrack a little to the end of 2019 – because there’s still something we can learn there. During this past December, we took time off for family and enjoying the holidays, but we also prepared ourselves for a big launch in January. We recognized making a big profit was not on the cards for this month as we had other plates spinning and purposefully decided to focus on our long-term vision.
Sometimes it’s okay not to have profit as your biggest priority each month because as your business evolves, different things are required at different times. Sometimes you have to do the groundwork for what is to come and sacrifice the quick short-term cash and by listening to this episode, you will hear that this was what December looked like for us. Still, we talk about the outstanding performance of our Trello for Business course, why we expected a decline in profit from Strategy Academy, how we’ve rediscovered the power of strategic emails, and a whole lot more!
Creating Sustainable Growth After Sold Out Product Launches
Today we are giving Emylee the guest chair and are diving into her newish side-hustle, making clay earrings! You have probably heard it mentioned on the show in the past couple of months since she started hand-making everything from home and selling it through her personal Instagram account. She has kept the whole thing quite fun and casual, not wanting to put too much pressure on the fledgling business.
In this episode, we talk about four major thoughts and ideas for growth in a product-based business and Emylee weighs in with her experience of each. The truth is her earring side-hustle might be a fully-blown business soon! So without further ado, let's hear what she has to say and get into some strategy!
Ready to Launch? With Parker Stevenson of Evolved Finance
Parker Stevenson is a great friend of ours and someone we love and respect a lot! He has done so much for us and our business in the years that we have been working together with Parker handling all of our bookkeeping. He has already been on the podcast a bunch of times and today he is back to talk about the all-important topic of launching! We get into cash-flowing a launch, how to know when you are ready or not ready, questions and preparation and how to pay yourself when it's all done. So basically we cover all the things you might be thinking about and what better person to ask than a bookkeeper.
Parker is all about helping his clients remain profitable and this conversation will get you into a great headspace for possible launches in the future. We offer tons of free resources in the second half of the show so be sure to stick around for those and Parker gives the inside scoop on many business and how he has seen launches evolve. In his work, he has helped countless small businesses that apply to so much of our audience. So for all that and a whole more on getting your next launch off the ground and into the air, join us as we talk strategy!
Setting Financial Goals and Budgeting for Your Business with Justine Nelson of Debt Free Millennials
Today on the show we welcome Justine Nelson, founder of Debt Free Millennials. Justine is on a mission to advocate for a debt-free lifestyle, and today you will learn how this is relevant for your business and how it can fuel your personal financial goals. By the age of 25, Justine Nelson had paid off $35,000 in student loan debt making an average of $37,000 per year. Grit, discipline and a motivation to kick debt's ass for good helped her achieve this goal within two and a half years.
In this episode, we talk about leveraging your side hustle to pay off debt or save for that dream vacation, Justine’s go-to worksheets and business books, and a list of things you can do each month to ensure that you stay on track with your goals. We also talk about bookkeeping systems, budgeting, planning for annual subscriptions, and setting measurable goals. Now that 2020 is in full swing, why not tune in to this episode and learn how to get your debt and savings dealt with?
9 HUGE Lessons from 2019 and What they Mean for Your 2020
Can you believe it? The year 2019 is over and we’re starting 2020 in just a few hours! We’re talking about our New Year’s Eve plans and how Emylee is going to navigate a house full of party people – thanks to marrying a frat guy who has a million friends! But speaking about plans to enter the new year on a high note, today we share with you our biggest lessons from 2019 and how they should impact your (and our) strategies for 2020. Tricky situations are unavoidable, and we offer you some solid advice for mitigating their potentially negative effects.
As business owners, we are required to keep learning and developing all the time – otherwise, we simply won’t be able to keep up and we’d never reach our full potential. There are logistics and technicalities you must deal with at some point, whether it’s your thing or not, because entrepreneurs and business owners need to fulfill a multitude of roles and responsibilities. We reckon you can give yourself a pat on the back for what you have achieved in your business this year. It’s not easy, and it takes a lot of grit. Join us for this last episode of 2019 to hear more about break-even points, short-term sacrifices, distractions, and a whole lot more!
November Profit Report: Would You Take a Short Term Loss for a 5X ROI?
Welcome to the November profit report! All businesses experience ups and downs – we do too – and sometimes what at first seems like a minor thing turns out to have a big impact on profitability. You all know by now that we’re all about profit here at Boss Project and we’ve spent too much time focused on the top line that we missed many of the intricacies going on in the background of our business. We’ve been showing you how to stabilize your profit and our own goal is to get to that 30% mark, but we also understand that there are many moving parts – things that are beyond our control – that ultimately determine your profit. For starters, it’s imperative for you to know exactly what comes in and goes out of your business every single month and to be truly aware: you can’t fix something if you didn’t know it was broken! Three factors impacted us negatively in November, two of them were actually preventable, but now we know and we won’t make those same mistakes again.
When we talk about being aware, you have to know your awareness not only drives your decision-making, but it makes you alter your focus on the flip side. It’s not necessarily that you need to decrease your costs, but it’s about looking carefully at what the root problem is. Something might even seem like an issue when it really isn’t. That’s why you never make decisions on a whim: decisions should be made after digging deeper to find the underlying problem. When you have this kind of information, you might look at your results differently. Join us again today as we take you through the highs and lows of November 2019!
Lego is more Profitable than Louis Vuitton and Other Fun Facts You Didn't Know About Business
So Emylee has been following a new Instagram account and just wanted to share some of the amazing data that she has been geeking out over for the last while! We have selected four specific posts that she found thought-provoking and worth talking about and will be unpacking what they are about and what we can learn from them. The account is called Chartr Daily and they post charts and graphs that represent interesting statistics and facts from the business world. They often add some commentary and discussion in the description, as well as having a newsletter with more detailed information.
Here at the Strategy Hour, we love looking at charts! They might be slightly more difficult to make but that does not mean we cannot appreciate and enjoy what they are communicating! The four charts we have selected to discuss in today's episode are especially applicable to us, our industry and the conversations we have been having on this podcast, so head over to have a look at the posts and let's get into some strategy!
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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