Hello friends! It has been a minute since we have talked about the other businesses we run. We thought it was high time for a little update because Abagail has something new and exciting that she has launched (by the time you hear this it will have been out for a minute). We are going to talk about that but we also think there have been some decisions that we have made very intentionally in our side businesses that we want to break down the logistics behind.

We share these things with you, first of all, because it is fun to chat about, but it is also fair for you guys to hear this part of the process because it gives you a look behind the curtain of something new and growing. It also shows you the reality of how a lot of entrepreneurs and small business owners are, which is multi-passionate!

This is another one of those episodes where Abagail puts Emylee on the spot in front of the audience. She knows nothing and is expected to come up with something out of thin air. For context, we started our business as creative entrepreneurs and designers and all that. What we did not realize we were doing at the time was influencing people. We started this blog, we were putting out content, and ultimately, a large portion of our business has become what we would call affiliate marketing. It makes up a big percentage of what we are doing. So, Abagail has all this background knowledge of what it takes to be an influencer in an affiliate capacity and has made all of these pivots with her second brand to broaden the ways she is bringing in money for this brand. Emylee is admittedly the laziest influencer out there. It is not that she doesn’t influence people; she definitely does, and there are many examples to prove it. In technical terms, Abagail, based on the size of her audience, would be seen as a micro-influencer. There are so many people out there that want to be influencers but they don’t necessarily know what they need to be looking out for. There are some alarming things brands are starting to include in their contracts, and micro-influencers are agreeing to these things, most probably without any idea of what they actually mean. And they could not only negatively impact your business, but they could destroy your online reputation if you do not pay attention to what is going on.

We feel like the anniversary of the global pandemic that is quickly approaching is hitting us really hard! We just want to remind all of you business owners out there that you have been running a business for the last year in the midst of one of the craziest years any of us will ever go through, especially as a collective. For us, running a business in the midst of all this has been the most surprising thing that has ever happened, because March 2020 was the most afraid we have ever been about the future of our business. A year later though, we are now more confident than ever that we will continue to grow!

We have spoken a lot about the different areas of our business that we have invested in and how they change over time. We want to spend today’s profit report for February talking about how these decisions have ultimately affected our profit and how we are looking at this side of things. We want to talk about why things are just incredibly different now than they were last year and the place of greater maturity at which we have arrived with regards to the way we cope with the supposed ups and downs.

It's 2021, and we are diving into our profit reports. If you are new to this segment of the show, we really like to dive deep into what it takes to run an online business while avoiding comparison and not having to question your every move. So, instead of sharing dollars and cents, we share percentages, and we share strategies. We also dive into sharing behind-the-scenes thoughts and actions so you can see what makes sense for you without having to worry about whether you are in the right place and questioning where you’re at.

We have a good accompanying episode to this one, where we break down the strategies we are trying to tackle for this quarter, and more specifically, we break down the accompanying expenses to those strategies. So if you want to hear more about them, definitely listen to that episode too. Now, without further ado, let’s dive into today’s profit report.

Okay, we are finally here for the episode we have said we were going to give you. Today we are going to share a sneak peek behind the scenes of what we are doing and what we are focussing on for Q1, including not just big projects, but also some exciting shifts we’ve had in our team! If you have been following us for any length of time, you know we do a big planning dream-dump and break down our quarters into these “sexy chunks,” as we refer to them.

Historically speaking, Q1 has always been a time for us to reevaluate and to really clean up and optimize our existing systems. That’s worked for us because, in terms of outside obligations, we are home the most in Q1. We also have the least going on with others in our business and we can really focus on what’s going on internally. It’s a great time to hole in and not go anywhere, especially because it’s the worst part of winter. So when we have no choice but to be cooped up inside, we use it as an opportunity to perfect everything for the rest of their year so that when spring blooms, we can come out of our shells ready and prepared. Join us today and get the three-step blueprint to our 2021 Q1 masterplan.

Hey friends, so we are putting an introduction on the top of this episode because we had every intention to talk about all of our plans for Q1 and the cool, exciting stuff that we are trying, the people we recently hired, and the strategies we are starting. And then, somehow, we got down a rabbit hole of intuitive business ownership, contentment, our problem with happiness, and everything in between!

So we are going to save our episode about Q1 for another time, and what you are hearing today is slightly different than what you think you might be getting ready to hear! But it is still a really good episode, so stay until the very end. We also have a disclaimer that relates to a lot of what we say today at the very end, so you need to stay till then to hear it!

2020 feels a bit like a lifetime ago, even though we are only a few weeks into January. Even though we projected and gave you some ideas of where we might land, we are still so surprised with how last year ended up going for us. For all of us, 2020 will be a standout year for good and bad reasons. For us, it was ridiculous how our business year ended up. When big things happen in the world, you don’t know how they’re going to impact you, your partner, your family, your business, the climate, and the people buying your product. Everything.

Being in charge of how you make money is sometimes scary when you can’t control all of those scenarios. So, we are so thankful that we had the time and space in January 2020 to set the expectations of what we wanted to do, and more importantly, what we didn’t want to do for the year. This really helped because when shit hit the fan (and continued to hit the fan throughout the year), we were really focused on securing our foundation. And, in December 2020, this is what caught us.

We get a million DMs from people saying they are ready to strike out on their own and telling us they will listen and start with services. If you have been listening for some time now, you will know just how much we believe in service-based businesses. But before you do anything, as always, we recommend you listen to our second episode, back in 2017, the year we launched the show, where we had Abagail on as a guest.

In that episode, Emylee interviewed her to find out how she replaced her corporate income after getting laid off. Since we reference that episode a billion times, we thought it would be fun to do a 2021 version, where we find out how Abagail would handle the same situation today. Some of the things might be similar, but what are the new strategies Abagail would leverage now? Technology and marketing have changed so much that there are sure to be a few new ways to bounce back quicker.

Welcome to our 500th episode! That means we have spoken on air for 22,500 minutes or 16 days, and we are not going anywhere anytime soon. For us, there is no shortage of things to say about business, life, and everything in between. We could talk for 500 more episodes on all of these things! Today's show will be a smorgasbord of us talking about our memories, favorite highlights, not just of the show, but being in business in general. We discuss some of the cool things the show has done for us, our best episodes, and everything in between. We are so proud we have made it to 500, and with no plans of slowing down anytime soon, you don’t have to worry about not hearing our beautiful voices. We have had so much fun and are so grateful that we continued with the podcast despite the ebbs and flows of running a business. Often creative projects fall by the wayside, but this podcast has stayed steady for three years, and we could not be prouder. We are not sure how we kept it going for so long when other things, like our blog, got cut after some time. While we are back blogging once a week, this podcast has been the one constant alongside our business.

Hi! Let’s take it back to the month of turkey days! We feel like with the holidays you quickly forget how November went, because you just roll straight into the next holiday, get distracted by family, and shopping, and cookies. Emylee promises to make Abagail some marshmallows again this year, but instead of talking about marshmallows for the whole episode which we definitely could do, we are here for another profit report!

If you are new here you should know that we now have well over a year’s worth of episodes where we share profit reports with you. We made a goal at the end of 2019 to focus more on profit – keeping more profit within our business to make more money and pay ourselves instead of reaching huge, sexy revenue goals, and our business drastically changed because of that mindset. So now, every month we share with you the breakdown of expenses, profit, where the money went – a breakdown of products in our company, so you can be inspired to do the same breakdown within yours!

How are we able to talk about the end of 2020 already? We don’t know because this has been the fastest, craziest year in life and business for us in a while. For a while, it felt like we were having the longest months, and then things just seemed to speed up. We think a lot of people have had a similar experience. We don’t know if it was because people were home and things didn’t feel like they were changing and then suddenly it was fall and then winter. And now Christmas is around the corner! How are we at this point in the year already?

So today we want to talk about 2020 specifically and what happened in our businesses. If you look at all the goals we set for 2020, how did things ultimately shape up? We will tell you, we don’t know if there were guardian angels above us but there were a few things we did really differently in Q1 that ultimately set us up for huge success, and in today’s show you will hear all about it!

On today’s show, we talk to Rachel Rodgers, the CEO of Hello Seven. Previously, she was an intellectual property lawyer but today she is a business coach who helps women hit seven figures without sacrificing their home lives and sanity. Rachel works with entrepreneurs and helps them create and protect their own intellectual property to scale their business to $1million and beyond. She has worked with The New York Times bestselling authors, tech startups, coaches, consultants, doctors, accountants, nutritionists, and more.

In this episode, we talk not only about a healthy growth mentality and seven-figure mindset, but also about diversity, inclusion, and equity, and how deciding to have those as a priority in your business is smart and strategic. Rachel gives heaps of takeaways for listeners to implement in their businesses today, and suggests some resources for finding people to begin to expand your circle.

Today on the show, Emylee and Abagail walk listeners through their October profit report and, as per usual, it is nothing short of wild! Before October kicked off, Abagail and Jared suddenly needed a bigger space and ended up purchasing a new home without even planning to. What’s more is it is a fixer-upper that needs quite a bit of work, and we don’t need to tell you what a time-suck buying and renovating can be. At the same time, Emylee was away for a week on a much-needed break, and things got crazy and chaotic very quickly, but they managed to pull it together and still make a great profit in the end.

Amidst it all, they planned for a big launch in November and ran their first sale on the Creative Template Shop’s annual membership, all of which they discuss in this episode. They also had to establish whether a monthly or annual membership would be more profitable in the long term, so they did an experiment to see whether they could switch over to just an annual membership but realized that the slower conversion rate was not going to cut it just yet. Tuning in, listeners will find out how they managed to increase their memberships while reducing the one-off purchases in the Shop, and where all the other revenue came from in October. Of course, they also share the details on what they had to spend to keep things moving along smoothly and treat themselves appropriately. Be sure to tune in for all of it, and more!

In today’s episode, we are going to talk a bit about reorganization and what it looks like to really get clear on the roles and responsibilities of your team members inside your business. We will talk about how you might do this as a way to clean up and get your head straight before you go through a hiring process.

We have probably made every mistake in the book when it comes to hiring and have learned a lot over the last few years as we have expanded our team. We have come from every end of the spectrum when it comes to hiring a team – having a big team, a small team, no team, contractors, and everything in between!

Today's guest, Alyssa Bloom, has spent the last 10 years working for one of the biggest companies in the world, being a manager for virtual teams. She manages over 120 people and has an incredible background in management and people leadership. In this episode, we are talking about creating a sense of ownership in your community and culture in your business. We have always been open about our struggles as leaders of our internal teams. We have had challenges with motivation, delegation, and just making sure that our staff is happy and that they like what they are doing.

It has been something we have wanted to get better at ever since we hired our first VA. So, having someone we love and respect so much help us get organized and in shape was crucial, and we are sharing that process with you today, along with how you can replicate it. There are so many good takeaways that Alyssa shares. We hear how to get more organized, make good hires, and most importantly, how to create a sense of ownership within your team and have your staff be as happy as they can be.