In this episode, Tess interviews Melissa Lanz- award-winning entrepreneur and business coach helping other solo-preneurs achieve financial freedom.
Melissa shares the wake-up call that got her to give up the security of a high-paying corporate job for a kitchen-table start-up that she grew into a multi-million dollar company.
Melissa met with Shaa as they engage on business strategies proven to work. Both empowered women talk about creating impact, turning vision into reality.
“I would start with a really, really simple problem that hits people, like either on an every day or an every week basis.” Melissa recognizes the pain point and the business opportunity. And it’s time to take action…
Key takeaways...
Leverage existing resources to create recurring revenue in your business.
Slow down, get quiet, and listen to figure out your next move.
Don’t get overwhelmed by the big goal—focus on the next three steps.
Making mistakes and learning is a vital part of building a business.
Have the courage to trust your intuition and own the consequences.
If you own a business or are starting one, you’ve probably thought about including passive income in your business model but don’t know what to do or where to start. Melissa walks us through the basics of passive income in business - what it is; the types, benefits, and examples of passive income; what you need to do and the systems you need; and the fastest way to succeed with the recurring revenue model.
Built to Last topics…
* The wake-up call to leave corporate
* When and how to start the next business
* Creating systems that work for you
* Roles between business and family
* Melissa's system for happiness
Laura and I chatted about:
* How I grew my business from a $5 a month product
* The #1 thing that can help grow your subscription business
* Why memberships create an unique dynamic that are unlike other business models
Melissa shares…
* When she realized she needed to hire someone
* How systematizing the team’s work allowed the Lanz family to take a 5 week vacation
* How giving team members authority made sure all bases were covered
This Glambition Radio episode is loaded with valuable tips for entrepreneurs just starting out. Here’s a sneak preview for you from Melissa, in her own words:
Tip #1: Identify your strengths and delegate your weaknesses
Tip #2: Listen to your intuition
Tip #3: Don’t be half-assed about your business
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