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

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Assessing Product Margins, Growing Shop Sales & Brainstorming Launch Strategies

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!

Guest User 3/30/21 Guest User 3/30/21

February 2021 Profit Report

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.

Guest User 3/9/21 Guest User 3/9/21

Adopting A Profit-First Mentality

Back in the day, we recorded an entire series on starting your business and one of the first subjects we talked about was adopting a profit-first mentality. Here’s the thing, we re-looked at that episode and have so many more things to say! The way we run our business has dramatically shifted in the last 12 months and because of that, we have so many things to say to people who are just getting started. Even if you have an established business, we have some thoughts about what you should be doing differently when it comes to your dollar bills.

We recorded that first episode about adopting a profit-first mentality in February of 2018 but we honestly didn’t really put our ideas into practice until 2020! It took two years for us to learn how to do that, so we are going to save you that time today. We are not saying that our first episode has no value, but now that we have actually been through the trenches, this is the episode you want!

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Keeping Your Business Smaller on Purpose without Sacrificing Profit

A couple of episodes ago, we teased at the end that we were already going into what could be a whole other conversation. This is that conversation. We are going to be sharing some tidbits we have learned and have deliberately decided to do or not to do in Boss Project, and within our side businesses, to seek growth and to keep our business and our companies in the range we want them to be. This is based on what we do and don’t want to do in that job. We know this sounds confusing but stick with us, and we will break it all down. We really want you to go and listen to episode 512 because at the end we start this conversation, so it might make a little more sense to listen to that one first.

Guest User 2/25/21 Guest User 2/25/21

Your New Sales Pitch with Aandra Bohlen

Today we welcome Aandra Bohlen, sales guru, inspiring friend, and all-round badass! She is here to demystify the stigmas around selling and the ways it is being taught. Her work is centered on developing and teaching entrepreneurs how to create an amazing enrollment experience that leads to higher conversion rates. She is an expert on sales calls and mentality and if you did not get the point already, she has it going on! We are going to talk about getting your mindset right and some real techniques for conversion so you are not going to want to miss this, we promise!

Aandra has almost 30 years of experience in sales and we are so lucky to get to throw a bunch of questions at her, things we know you would love to have answered. We discuss getting past money-mentality blocks, perfecting your pitch and how to translate sales onto social media and your content creation process. Aandra has a bunch of great reframes of the sales thought process and we promise that this conversation is going to help do better and think better about your sales game. We also have a great activity that we really want you to do, so stay tuned for that!

Guest User 2/23/21 Guest User 2/23/21

January 2021 Profit Report: Hiring and Investing While Maintaining a High Profit Margin

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.

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December 2020 Profit Report: Planning for A Loss, But Then THIS Happened

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.

Guest User 12/29/20 Guest User 12/29/20

Why Boring, Stable, and Consistent is Our 2021 Motto

Are you ready to plan the year ahead? It might be easier to do when you’ve had a great 2020 but, even then, you can plan to stick to the plan! We know we just want more of what we had but we are also keen to try new things too. In 2020, we found the sweet spot of being consistent and boring and realized that they are our middle names. We embrace them, we love them, and this is where we flourish and feel comfortable. While it’s not flashy or sexy and it doesn’t do dances on TikTok, we are 100% okay with that!

Not all of us dream of making seven figures. For some of us, our businesses are perfect the way they are when they work for us instead of us working for them. In other words, while you might not roll in the dough, if you are satisfied with what your business brings in and it supports you to the extent that it suits your lifestyle, who cares about the rest? It is worth remembering that you risk much more when you try to grow and scale your business aggressively, and many have closed their doors after pursuing exponential growth instead of keeping to the stable and consistent things. We would like to be around, no matter what happens in the world, and we believe that we can do that by doing more of the same-old same-old. This strategy will not get us on Oprah’s couch or anything spectacular like that, and we don’t have $10 million growth plans, but tune in to hear how we are planning to bring boring, stable, and consistent back!

Guest User 12/24/20 Guest User 12/24/20

November 2020 Profit Report: The Month We Increased Members by 8%, But Saw 11% Less Revenue (Here’s Why)

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!

Guest User 12/15/20 Guest User 12/15/20

2020 Recap – Massive Growth with 32% Profit Margins

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!

Guest User 11/24/20 Guest User 11/24/20

October 2020 Profit Report: One UX Tweak We Made that Increased Our Membership by 15%

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!

Guest User 10/27/20 Guest User 10/27/20

September 2020 Profit: Five Years in Biz Reflection; Our Thoughts on FB Ad Costs and Botox

We’re excited to talk about business in September and the fact we’ve been in business for five whole years! Honestly, it now feels like we were babies when we started this whole thing because looking back at old blog posts and videos we created in the early days – you can tell that a lot has changed. We have really aged – but we think in the way that fine wine does. Abagail used to have a perfectly smooth forehead when she got botox to alleviate her migraines, but now she embraces her age and is happy to have a few extra lines. It comes with the territory! Emylee, on the other hand, loves her potions and creams and whatever it takes to bring out her youthful side.

But in this episode, we talk about how our business has aged (along with us) and how we have found our groove, shifting from a do-er to a be-er mentality and enjoying much more calm than chaos. We share what we got up to in September, focusing on the live launch we did for Strategy Academy and how we have adjusted our approach to ads for the better. Tuning in, you will also hear us talk about the appropriate amount of planning, the strategy we implemented to make the next few months easy, and all our profit and expense numbers for September.

Guest User 9/29/20 Guest User 9/29/20

August 2020 Profit Report: We ALREADY Hit Our 2020 Revenue Goal

Can you believe it’s already time for another profit report? Literally, before we hopped on to record this show we were like what happened last month, what month was even last month? We couldn’t have told you! There has been a lot going on, and it’s not so much business – it’s like, life is crazy right now and we are keeping it together but hanging on by a thread. It’s a lot!

But August went so well despite what typically happens, which is sometimes a hot mess. And we definitely want to get into all the data around that, but one thing we did, as most of you would have, was throw out our 2020 plan. We didn’t even have one and just have been taking every month at a time. We expected we would have a dip in August, and then when we got on here, we were like, ‘Oh my gosh.’

Guest User 9/1/20 Guest User 9/1/20

July 2020 Profit Report: Up 40% in Revenue, Down $100k in Expenses

Let’s get into our July 2020 profit report! This year has just been super satisfying. Around fall last year we had decided and declared out loud to you that we were on this mission to get to 30% recurring profit each month, and at the time it felt like climbing a mountain. We were just really struggling and had spent all this time and money trying to figure out who makes up our team, what our products are, and how we are selling them, but something about this year just really clicked for us!

We started sharing our profit reports last fall with this goal to hold ourselves accountable. We know you guys like to hear behind the scenes. We also restructured how we did our profit reports. We don’t do it like how a lot of others do it where we don’t share our actual numbers – not that we don’t want to, but we honestly think they are distracting and put you in a space of ‘comparisonitis’, and no-one needs to suffer from that. So we wanted to showcase more of the percentages, breakdowns of our expenses, our profits, and just big picture decisions that we make every month in order to reach our goals.

Guest User 8/4/20 Guest User 8/4/20

June 2020 Profit Report: Investing During a Growth Season

At the end of the day, the dollars are not what matter. We want you to see profit – more income in your business. Revenue is fancy. Revenue feels sexy. Revenue does not give you the lifestyle you want though. If you’re not keeping any of that revenue, then it is irrelevant. So we want to help you keep more revenue, that is make more profit so you can increase how much you’re getting paid and also just save for crazy times! So today, we are excited to talk about our June 2020 profit report.

Woman leaning on back of chair and smiling at camera

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!

DM Me on Instagram

Listener Love

paigeamberbacani
Abagail, thank you SO MUCH for this fresh passion! I can hear the genuine excitement in your voice over what is working well for you right now and what you have overcome in the past! Your resilience is truly contagious and I am so grateful for the knowledge that you freely share!
GoodGood Investing
An amazing podcast! From business strategy and systemization, to motivation and inspiration, The Strategy Hour really does cover it all! We love this podcast to bits!
Genevieve0721
I wanted to reach out and let you know how much I’m enjoying your podcast. It’s truly amazing and I’ve learned so many valuable tips and insights on how to scale a business without burning out. Your content is truly awesome and I appreciate you sharing it with us listeners!
Mezar C
Your podcasts are fantastic! The latest episodes highlighing your journey from graphic design to various marketing roles is truly motivating for aspiring entrepreneuers unsure of their career paths. Awesome content!
Fabi Paolini
Love your podcast, you bring so much value to your listeners. Thank you!
Josuediazv
I really enjoyed the episode that covered the importance of building a highly engaged and motivated team to help company scale and grow. I would highly recommend this podcast to everyone interested in learning practical business strategies to start, scale, and grow a business.
Ashao FreeSky
Super valuable. Abagail provides simple and actionable advice for growing your business. Her episodes are super practical. I love how grounded and down-to-earth she is. You can tell she genuinely cares about helping. I definitely recommend giving the podcast a listen!

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Software & Services We Swear By

Meet Our Partners

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