In this BS free episode, Pia Silva, Owner of No BS Agency Mastery, shares how she went from struggling as an entrepreneur to making $40k+ per month, by doing less things for fewer people. If you are looking to boost your profits as an Entrepreneur (in stage 2) without giving up your time, you won't want to miss this episode.
You will discover:
- How do overcome the fear of niching down
- The one thing that separates the most successful stage 2 entrepreneurs from those that barely scrape by
- The most important word in business
This episode is ideal for for Founders, Owners, and CEOs in stage 2 of The Founder's Evolution. Not sure which stage you're in? Find out for free in less than 10 minutes at https://www.scalearchitects.com/founders/quiz
Entrepreneur, speaker, and author Pia Silva is a small branding agency coach, a partner, and a brand strategist at Worstofall Design. She helps small branding agencies go from drained & stretched thin to in-demand specialists with total control over their process. In 2021, she founded No BS Agency Mastery, a training program where she teaches 1-2-person branding agencies how to scale to $30-50k months while reducing their workload by up to 80% without employees. Pia has delivered a popular TED Talk on cultivating true confidence.
Want to learn more about Pia Silva's work at No BS Agency Mastery? Check out her website at https://www.nobsagencies.com/. You can get a audio version of her book "Badass Your Brand: The Impatient Entrepreneur's Guide to Turning Expertise into Profit" for free at https://www.nobsagencies.com/secrets or buy a copy on Amazon: https://amzn.to/3Fb4cKE
Mentioned in this episode:
Take the Founder's Evolution Quiz Today
If you’re a Founder, business owner, or CEO who feels overworked by the business you lead and underwhelmed by the results, you’re doing it wrong. Succeeding as a founder all comes down to doing the right one or two things right now. Take the quiz today at foundersquiz.com, and in just ten questions, you can figure out what stage you are in, so you can focus on what is going to work and say goodbye to everything else.
Hello, hello and welcome. Welcome once again to
Unknown:the secrets of the high demand coach podcast. And here with
Unknown:us today is yet another high demand coach and leader in the
Unknown:one and only, Pia silver Silva, who is an entrepreneur,
Unknown:speaker and author and a small branding agency, coach, a
Unknown:partner and a brand strategist. At worst of all,
Unknown:design, we're gonna have to unpack that where they build
Unknown:badass brands without the BS. In 2021 she founded no BS
Unknown:agency mastery, a training program where she teaches one
Unknown:and two person branding agencies how to create 30 to
Unknown:$50,000 in revenue a month while reducing their workload
Unknown:by up to 80% and doing all of it without employees. She is
Unknown:also the author of the best selling book badass, your
Unknown:brand, the impatient entrepreneurs guide to turning
Unknown:expertise into profit, and has delivered a popular TED talk
Unknown:on cultivating True Confidence. She's here with us
Unknown:today. Pia, welcome to the show. So excited to have you
Unknown:here. One thing that jumped out as we were going through
Unknown:your bio again, and I've read it so many times that, but
Unknown:it's the first time it jumped out is a lot of folks feel
Unknown:like to scale. They have to add Right? Like it has to be
Unknown:more they have to be more employees. There has to be
Unknown:more stuff. There have to be more services. And very much a
Unknown:big part of your message is that's not true. To do 30 and
Unknown:$50,000 a month, you don't need to have employees. Why is
Unknown:it so important to recognize that before going out and
Unknown:trying to build, you know, the next version of your company?
Pia Silva:I mean, listen, when you're a small business,
Pia Silva:Simplicity is key. I think if entrepreneurs listening out
Pia Silva:there when, when you're an entrepreneur, there are just
Pia Silva:endless things to do. I think we all feel a little frenetic,
Pia Silva:especially because there's so much information online, it's
Pia Silva:like there's too many things to do. And simplification is
Pia Silva:how we focus, not only our time and our energy, so that
Pia Silva:the things that we actually do, do, you know, get the
Pia Silva:attention that they deserve and the care that they
Pia Silva:deserve, which levels up the value of what you're putting
Pia Silva:out. But it also means that your audience is going to
Pia Silva:really understand who you work with, how you work with them.
Pia Silva:It makes you more referable. It makes you more memorable. I
Pia Silva:mean, you know, I think the idea of we need to add product
Pia Silva:lines or have more offers work with more people, that's
Pia Silva:something you do when you're, I don't even know, 10 to 50,
Pia Silva:$100 million company. We're small businesses. There are
Pia Silva:plenty of clients to go around when you go super niche in
Pia Silva:your market and your offer, and it's gonna make your life
Pia Silva:a lot easier, and it's gonna make your offers a lot more
Pia Silva:profitable, which is what I'm all about.
Unknown:Yeah, I love that. You have a problem if you have
Unknown:more product lines than people, right? That's just,
Unknown:that's usually, that's usually problematic. And here's what I
Unknown:love about what you do. There's so many people who are
Unknown:in that I call it the startup entrepreneur stage, and it's
Unknown:them, and they look down on themselves because it's just
Unknown:them. And so they go out and they kind of build their
Unknown:company in a way that requires them to get more employees,
Unknown:and then they wake up and they're like, what's wrong
Unknown:with these people? I don't want to manage all of these
Unknown:folks and what you offer, particularly in the agency
Unknown:world, but there's something for everyone to learn here, is
Unknown:that you don't have to add people to add profit to add
Unknown:and you don't have to trade hours for dollars. There is
Unknown:another way. In other words, you can optimize for that
Unknown:stage. You don't have to leave it behind and graduate to the
Unknown:next. It's really, really cool. So one of the things
Unknown:that jumped out for me as I was going through your work,
Unknown:and this is something I'm constantly working with, our
Unknown:coaches, on our scale architects, is this idea of
Unknown:niching down right? And everyone's heard that.
Unknown:Everyone you know kind of knows that, but so few of us
Unknown:do it, particularly in this stage. And so the big question
Unknown:that I have for you is, first off, just from your
Unknown:experience, why is it so important we want to make sure
Unknown:we cover that? And then two, there's this inevitable fear
Unknown:that comes with it, right? And how do we manage that feeling
Unknown:of saying no or scarcity that tends to come along,
Unknown:especially in the early days of trimming down our market?
Pia Silva:Yes, well, I've been there too with the fear
Pia Silva:that if I narrow my niche, then I'm gonna leave money on
Pia Silva:the table because, oh, there's all these people around that
Pia Silva:would hire me if only I was working with them. But what
Pia Silva:happens is, when you are working with everybody, you
Pia Silva:are not memorable to anyone. So it makes it very hard to
Pia Silva:remember who you work with. Remember what you do. In the
Pia Silva:early days of my agency, we did any kind of design work,
Pia Silva:branding, design, logos, banners, whatever it was for
Pia Silva:any kind of small business or large e commerce service
Pia Silva:businesses. So why would anyone remember me, unless it
Pia Silva:was just we need some sort of design work, and they really
Pia Silva:liked me, and frankly, I made it work for a few years on the
Pia Silva:fume. Of people liking me and being around a lot, but it
Pia Silva:wasn't the same kind of pull that I experienced once I got
Pia Silva:really specific. I work with one to three person service
Pia Silva:businesses. I built badass brands in one to three day
Pia Silva:intensives. These are the packages. These are the
Pia Silva:prices. All of a sudden, everyone that I spoke to, they
Pia Silva:remembered who I worked with. I had a very specific
Pia Silva:personality, so that helped right our company is worst of
Pia Silva:all design badass brands that is not for everyone. So
Pia Silva:there's kind of an intersection of these
Pia Silva:different things happening. And it meant that when people
Pia Silva:that knew me interacted with someone who was clearly a fit,
Pia Silva:I would come to mind immediately. It was an easy
Pia Silva:intro. So why do we niche? Because we want to empower the
Pia Silva:people around us and our audience to remember us and
Pia Silva:know exactly who to introduce us to. And we want that intro
Pia Silva:to feel organic and powerful. It's a really good intro when
Pia Silva:you introduce to people where it's like, Hey, this is
Pia Silva:exactly who you work with. Hey, they are specialists in
Pia Silva:your kind of business. That's an exciting intro to get. Hey,
Pia Silva:they do design for everyone. You said you need a designer.
Pia Silva:That's a weak intro, and you're gonna be at a race to
Pia Silva:the bottom when it comes to pricing, if that's how you
Pia Silva:position yourself.
Unknown:It's so true. I heard it said, and it was said in a
Unknown:very different context, but it's amazing how frequently it
Unknown:applies some of the most important decisions in your
Unknown:life, many of them are made when you're not in the room,
Unknown:right? And referrals is such a big one, right? And if we're
Unknown:not clear on who we are and what we do, I spent a lot of
Unknown:time in the church world, and there's this saying that if
Unknown:it's missed in the pulp at the pulpit, it's, I'm sorry if
Unknown:it's foggy in the pulpit. It's mist in the pews. And there's
Unknown:this idea that if we're not clear, then it's even less
Unknown:clear for anyone around us. And you mentioned a word in
Unknown:there that a lot of folks don't really associate with
Unknown:marketing or think or understand its power, and that
Unknown:was pool, right? This idea there was pool there, but you
Unknown:ask any entrepreneur, and they're desperately looking
Unknown:for momentum, and those two go hand in hand. So what do you
Unknown:mean by pool, and what does that look like when you start
Unknown:to get this niching down, right?
Pia Silva:Well, you know, I say we build badass brands for
Pia Silva:our service clients, and a badass brand I define as
Pia Silva:having two critical characteristics. And the first
Pia Silva:one is it repels as much as it attracts. So that's that pull
Pia Silva:branding. I am repelling people who are not a good fit,
Pia Silva:which is, by the way, the fear that people have when they
Pia Silva:niche. They're scared they're going to scare people away. I
Pia Silva:want to scare people away, right? I want lots of people
Pia Silva:to say that's not a good fit for me, because only if a
Pia Silva:group of people can say that's not me, can another group of
Pia Silva:people be magnetically attracted to me and say that's
Pia Silva:exactly who I need to hire. So pull branding is ultimately
Pia Silva:what we should all aspire to, and one of those pieces is
Pia Silva:having a really clear niche.
Unknown:Yeah, you've got a really clever question for
Unknown:getting to the bottom of that, and that is asking yourself,
Unknown:as an entrepreneur, when you're trying to figure this
Unknown:out, what do I not stand for but stand against? How'd you
Unknown:come up with that question, and what are some really
Unknown:interesting responses that you've heard from clients?
Pia Silva:Yeah, I love this question, because when it
Pia Silva:comes to branding businesses, most branding agencies ask,
Pia Silva:What do you stand for, right? And the the answer is,
Pia Silva:usually, you know, I stand for honesty. I stand for
Pia Silva:integrity, you know, high value. And these are just such
Pia Silva:boring, trite answers. If everybody builds their brand
Pia Silva:on those answers, all the brands are going to look the
Pia Silva:same. But when you ask yourself, what do I stand
Pia Silva:against? It forces you to figure out what you really
Pia Silva:care about, because when you ask people what they don't
Pia Silva:like, they get a lot more heated. They get there's a
Pia Silva:little more fire in their belly, and it's a great way to
Pia Silva:find some opportunities for distinction. So for example,
Pia Silva:why did we stand against all the BS and waste that I was
Pia Silva:experiencing doing these traditional branding clients
Pia Silva:that would take months and months and months, and I was
Pia Silva:chasing clients and scope creep, and it was a headache,
Pia Silva:and ultimately, I didn't feel like the client got the best
Pia Silva:result. So badass brands without the Bs is really
Pia Silva:founded on the idea that I stand against the way that all
Pia Silva:of these agencies are delivering, including how my
Pia Silva:agency was delivering, and that allowed me to go, wow.
Pia Silva:Well, then the opposite of that is like, no BS, and our
Pia Silva:entire brand needs to embody that, from the way that we
Pia Silva:talk to the process that we take our clients through.
Unknown:Yeah, I love that because, you know, even for
Unknown:something as simple as like research, for this show, we
Unknown:look at coach websites all the time. Look at client websites,
Unknown:and they're so. Boring. It's like, there's so little that I
Unknown:can tell, like some of our best guests, I've been worried
Unknown:about the interview, because it's like, it's so boring. And
Unknown:then we get them online, and you get their real
Unknown:personality, and you get their like, their real story and
Unknown:their passion, and it's just It's remarkable. And why do
Unknown:you think it's so common for us to bury that like, you get
Unknown:it in person, and then as soon as it goes to written form or
Unknown:any other format, it's like, it's all the same. Why do we
Unknown:do that?
Pia Silva:Yeah, I mean, that's really the crux of what
Pia Silva:I've always done, branding businesses, because we work
Pia Silva:with one to three person service businesses. They're
Pia Silva:experts, they're they are the core reason that people hire
Pia Silva:them. So I also have seen that all the time in person, this
Pia Silva:person is dynamic. They're exciting, they're interesting
Pia Silva:online. Well, this is why I think it happens people are
Pia Silva:scared. They're scared to say anything that's going to turn
Pia Silva:people off, not understanding that the reason that people
Pia Silva:hire them in person is the reason that they're going to
Pia Silva:hire them online. So it's a opportunity missed, but also,
Pia Silva:usually people's brands are going to be informed by them
Pia Silva:and what they think it should look like. And a lot of people
Pia Silva:will build a brand and a website or write their own
Pia Silva:copy based on what they think writing should sound like,
Pia Silva:because they're not copywriters, and you know,
Pia Silva:part of my job is to pull out from people, no, this is
Pia Silva:what's interesting and special about you, and give them some
Pia Silva:branding mess, some brand messaging that they probably
Pia Silva:feel a little uncomfortable about, but that is exactly
Pia Silva:them, and then encourage and coach them into really
Pia Silva:embracing that. I've definitely pushed clients into
Pia Silva:saying stuff that, they go, Oh, I don't know if I can say
Pia Silva:that. And they say, that's exactly why you need to say
Pia Silva:it, because that's what's gonna get people's attention.
Pia Silva:And it's authentic. I don't want you to say it just
Pia Silva:because it's gonna get attention, but it's authentic
Pia Silva:to you and it will get attention. And that's, you
Pia Silva:know, well, that's the chef's kiss.
Unknown:I love that. So you started off the show with
Unknown:this, this idea that Simplicity is key, and we've
Unknown:talked a lot about why it's it's so helpful in the sales
Unknown:process, right? Making you more memorable, making it
Unknown:easier to recommend you. Make it easier to sell what you do,
Unknown:what I found. One of the things that was really
Unknown:interesting is I was interviewing different coaches
Unknown:early in my coaching career, I started to notice there was
Unknown:this really, really big gap between what I would call,
Unknown:like a high demand coach, folks that were doing really,
Unknown:really well, completely booked, you know, 500,000 plus
Unknown:an hour, and the average coach in the US is like $68,000
Unknown:something like that. It's just two tremendously different
Unknown:groups of people, and it wasn't because of how smart
Unknown:they were. It wasn't because of their background or their
Unknown:experience. The one thing that was almost universally present
Unknown:in high demand coaches and universally absent in low
Unknown:demand coaches was a structured process for
Unknown:delivering what they did. Just you could slice it right down
Unknown:the middle, and, and you talk a lot about this, and have a
Unknown:very interesting way of doing this for yourself. From a
Unknown:branding perspective, what have you found is so important
Unknown:about this idea of structuring what you do and, and how's
Unknown:that showed up and helped your clients?
Pia Silva:Yeah, well, in the creative services world,
Pia Silva:people are not buying they can't see the product that
Pia Silva:they're buying, right? We're actually buying a promise that
Pia Silva:you're going to create something amazing for us. We
Pia Silva:can look at your past work and say, we like it. We don't know
Pia Silva:what you're going to make for us. It's the same in coaching,
Pia Silva:I'm buying the promise that this person is going to help
Pia Silva:me get the outcome. I'm looking for it. Get the
Pia Silva:transformation I'm looking for. So how are we going to
Pia Silva:feel secure and safe that we're going to get that
Pia Silva:outcome because we can't see it. It's not like walking into
Pia Silva:a store trying a pair of pants. These are the pants I'm
Pia Silva:buying. Well, a process and a structured a structured
Pia Silva:process, something you've done over and over again gives the
Pia Silva:client that trust. It tells them I have done this before,
Pia Silva:the same way to get these results. So you can trust me
Pia Silva:and the process. Now, what we do inside that process for us,
Pia Silva:every brand is custom. It's specific to the client, but
Pia Silva:the process is the same, so we know we'll get the outcome.
Pia Silva:And that's what those coaches are selling to they're saying,
Pia Silva:I have a process I'm going to take you to through to get you
Pia Silva:that result. And since you want that result, how are you
Pia Silva:going to believe I'm going to get you there? Process does a
Pia Silva:lot of the heavy lifting.
Unknown:Yeah, it's so true. It's so true. So pulling this
Unknown:together, we're niching down that allows us to simplify
Unknown:what we offer and simplifying what we offer, we can create a
Unknown:consistent process. All of that builds competence and
Unknown:confidence for us, builds trust with clients, delivers
Unknown:awesome results. But the one thing that I want to add to
Unknown:that, that I picked up from your book is what I think at
Unknown:some point in time you. Called the most important word in
Unknown:business. I may have got that wrong, but I think that I
Unknown:remember that and and it was yes, no. I'm kidding. It was
Unknown:no. And so we've kind of alluded to how this happens.
Unknown:But why is no so important? And what are we saying no to
Unknown:in this stage?
Pia Silva:Oh my gosh, we're saying to we're saying no to
Pia Silva:everything except the things that you need to do to move
Pia Silva:your business forward. We're saying no to the wrong
Pia Silva:clients. We're saying no to activities that aren't
Pia Silva:directly supporting the building of our value, our
Pia Silva:skills, our marketing, our sales. It is so hard for
Pia Silva:people to say no in the beginning a lot. I think,
Pia Silva:because there's a lot of people pleasers out there,
Pia Silva:there's a feeling. I have students of mine who say, you
Pia Silva:know, this person isn't a good fit. Is there a nice way to
Pia Silva:tell them that I'm like, it's nice to say, you're not a good
Pia Silva:fit. You don't you don't have to help everybody it. In fact,
Pia Silva:it's more helpful to say, you know, maybe I could help you,
Pia Silva:but I'm not the best person to help you. You don't have to be
Pia Silva:mean saying no, but you gotta say no, because there's an
Pia Silva:opportunity cost every time you take a client or a project
Pia Silva:that isn't within your niche. What is with that doesn't work
Pia Silva:within your existing process? It creates a lot of waste. It
Pia Silva:creates a lot of extra time and getting in the habit of
Pia Silva:saying no to things so you can put your limited hours in a
Pia Silva:day, there's only 24 hours in a day. Put that time and
Pia Silva:energy towards the things that are really gonna matter.
Pia Silva:That's how you're gonna move your business forward.
Unknown:Yeah, I couldn't agree more. I love that. It's
Unknown:so powerful. It's so hard to do sometimes, especially when
Unknown:you already have the client and there's relationship and
Unknown:there's all that. It's, it can be a bit to untangle, but it's
Unknown:worth it?
Pia Silva:But it's addictive. I will say, do it the easiest.
Unknown:Yes, yes, yes. That's, it's, it's, yeah,
Unknown:it's, it's a virtuous cycle, right? The closer we get, the
Unknown:more likely they are to refer, the more likely they are to
Unknown:refer, and the more likely they are to refer. The right
Unknown:people, the more of the right people we get. And it just it
Unknown:cycles. And cycles can feel intimidating to get that cycle
Unknown:going, but it's powerful once you do. So Pia, there's a
Unknown:question that I ask all my guests, and I'm very, very
Unknown:intrigued to see what you have to say about it. So the
Unknown:question's this, what would you say is the biggest secret
Unknown:that you wish wasn't a secret at all? What's that one thing
Unknown:you wish everybody watching or listening today knew?
Pia Silva:I wish they knew that. Well, I kind of shared
Pia Silva:it, but it's the most important one that repelling
Pia Silva:people is one of your biggest opportunities and strengths. I
Pia Silva:think everybody should embrace that and lean into it. And I
Pia Silva:know that if you're, especially if you're in a
Pia Silva:business where you're struggling, that's the thing
Pia Silva:you're trying to do the least, and I want you to lean into
Pia Silva:it.
Unknown:Yeah, it's so good, so good, so counterintuitive
Unknown:at first, but it just starts to make so much sense so
Unknown:quickly. Pia, fantastic, fantastic advice for folks,
Unknown:not just for the branding world, not just for the
Unknown:coaching world, but entrepreneurs across the
Unknown:board, so much that they can get out of this. For
Unknown:particularly those in the branding world who want to
Unknown:know more about the work that you do, where can they find
Unknown:more and connect with you?
Pia Silva:Yeah, well, I actually brought your
Pia Silva:listeners a little gift. You mentioned my book, and thank
Pia Silva:you so much for reading it and mentioning it. It's called
Pia Silva:badass, your brand, and I actually recently put it on a
Pia Silva:private audio feed. If you're interested in learning more
Pia Silva:about how we basically built a half a million dollar business
Pia Silva:just two people working less than 50% of our time. You can
Pia Silva:go to noBSagencies.com/secrets, and
Pia Silva:you can grab a free copy of the audio. You can, of course,
Pia Silva:go buy it on Amazon or grab the audible, but I thought I
Pia Silva:would give that to your listeners.
Scott Ritzheimer:That's amazing. As someone who read
Scott Ritzheimer:it and doesn't lead a one or two person agency. There was a
Scott Ritzheimer:ton that I got out of it personally. So don't let that
Scott Ritzheimer:intimidate you. And if you are in branding or anywhere close
Scott Ritzheimer:to it, it's a must read. I really do believe that. Pia,
Scott Ritzheimer:thanks for being on the show. Really appreciate that and the
Scott Ritzheimer:offer that you made here for everyone. Head over to
Scott Ritzheimer:noBSagencies.com/secrets. We'll put that in the show
Scott Ritzheimer:notes for you. Get a copy of her book. Get it on Amazon.
Scott Ritzheimer:You won't regret it. But Pia, again, thank you for being on
Scott Ritzheimer:the show really an honor and privilege for anyone, everyone
Scott Ritzheimer:who's listening today. You know your time and attention
Scott Ritzheimer:mean the world to us. I hope you got as much out of this
Scott Ritzheimer:conversation as I know I did, and I cannot wait to see you
Scott Ritzheimer:next time. Take Care.
Pia Silva:Thank you so much, Scott.