Tara Newman is the Founder and CEO of the Bold Profit Academy and host of the Bold Money Revolution. She joins the show today for a conversation about the importance of remembering why most of us start businesses and seek out entrepreneurship, how common growth strategies can lead to a lack of resiliency, and how service providers can avoid the mindset of selling themselves. This is a great episode for those wanting to make their business work for them and their life, rather than having their life be working for their business.
Key Takeaways:
[3:58] Many of us come to entrepreneurship out of necessity. Tara talks about her diagnosis of Lyme Disease, and how getting COVID-19 also flared up her EB Virus. To heal, she needed proper time and space to focus on her health journey, which having your own business can allow.
[8:00] The pandemic cycle introduced new layers that we hadn’t had to consider before.
This resulted in many of us having to re-engineer our businesses.
[15:26] Why it’s detrimental to condition your reward system to seek likes, followers, and comments rather than true value.
[19:32] Tara explains how the online business model is the most costly thing she has ever seen.
[23:03] Tara is a big believer that you can be a millionaire without having a million-dollar business.
[24:49] There is no regulation for digital advertising and research shows that up to 88% of ad clicks are fraudulent.
[27:45] Publicly held companies are cutting their ad revenue and marketing because they know they can make sales without them.
[38:07] The biggest benefits to having a profit-first framework as a method.
[48:05] What has Tara learned as a wartime leader?
Mentioned in This Episode:
- Productive Flourishing
- Start Finishing: How to Go from Idea to Done, by Charlie Gilkey
- The Productive Flourishing Academy
- Momentum App
- Tara Newman: Bold Profit Academy
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.productiveflourishing.com/subscribe
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.