In today’s episode, I delve into a critical question many entrepreneurs face: Is your business just another job, or are you truly creating a business that brings you freedom? Transitioning from a professional opera singer to running my vocal coaching business, I’ve navigated the unpredictable waters of self-employment and entrepreneurship. Today, I share insights into the distinction between merely trading one job for another and genuinely building a scalable, freedom-giving business. Whether you're freelancing or running an LLC, understanding this difference is crucial for creating not just a job but a life you love.
Timestamps & Key Topics:
- (0:00 - 0:45) Introduction to the episode's theme: the difference between having a job and creating a business.
- (0:46 - 6:43) Discussing the freedoms and responsibilities of being self-employed versus being an employee. Highlighting the control and risks involved in entrepreneurship.
- (6:44 - 7:07) The limitations of scaling your business based solely on personal time and effort.
- (7:07 - 7:32) Exploring solutions for scaling beyond personal capacity, like creating online courses or memberships.
- (7:32 - 8:16) Benefits of memberships for scalable and recurring revenue.
- (8:16 - 10:36) The importance of creating systems and procedures for tasks within your business to allow for scalability and flexibility.
- (10:36 - 12:53) The challenges and limitations of relying solely on one-off coaching sessions or individual client work for income.
- (12:53 - 13:51) Sharing personal reflections on witnessing my mother’s experience with her business and the importance of creating a business that doesn’t rely entirely on the owner’s presence.
- (13:52 - 16:59) The significance of preparing your business for life events that require your attention away from work, and the importance of systems and delegation.
- (16:59 - 18:35) Encouraging the creation of Standard Operating Procedures (SOPs) for all business tasks to ensure continuity in your absence.
- (18:36 - 20:23) The goal of achieving freedom through business and the role of team building and systematization in reaching this goal.
- (20:24 - 23:57) Reflecting on personal experiences with my twins and the impact of not being able to fully detach from business responsibilities.
- (23:57 - 25:08) The broader vision for a fulfilling life as a single mom CEO and the desire to provide an exemplary lifestyle for my children.
- (25:09 - 27:29) Encouraging thoughtful spending and intentional living as a lesson for children and as a strategy for financial stability and freedom.
- (27:29 - 29:14) Closing thoughts on not settling for a business that feels like a job and striving for a life of freedom and fulfillment. Invitation to join the waiting list for my mastermind group for single mom CEOs.
If you're yearning for more than just another job and dream of building a business that affords you true freedom, I invite you to explore this journey with me. Consider joining the waitlist for my Single Mom CEO mastermind group, a community designed to support, inspire, and propel you toward achieving your dreams. Visit thesinglemomceo.com to sign up and schedule a chat with me. Together, let’s redefine what it means to be a single mom in business. Remember, a winner is not just a dreamer but someone who never stops taking action. Let’s do this!
