Feel overwhelmed by the prospect of creating a traditional business plan? Laura Posey distilled this strenuous process into a one-page business plan. Laura helps business consultants, owners, and coaches focus on what’s most important. “You've got all the pieces and parts that you need. There's probably nothing else that you need to learn. You just need to put it in the right order.”
In this week’s episode, we talk about:
Check out the links below to get started with your simplified business plan.
Other Resources Mentioned:
More About Our Guest:
Laura Posey is an internationally-recognized speaker, author, and consultant. She is known as The Simple Planning Specialist for her unique ability to simply and easily laser-focus her clients to get dramatic results. Her Simple Success Roadmap is used by over 3000 companies from startups to Fortune 100. She is the author of "How to Plan Your Entire Year On One Sheet Of Paper", and co-author with Jack Canfield of "Mastering The Art Of Success".
Connect with Laura Posey:
Connect with Erin and find the resources mentioned in this episode at hourlytoexit.com/podcast.
Erin's LinkedIn Page: https://www.linkedin.com/in/erinaustin/
Think Beyond IP YouTube Page: https://www.youtube.com/channel/UCVztXnDYnZ83oIb-EGX9IGA/videos
Music credit: Yes She Can by Tiny Music
A Team Dklutr production
Welcome to the Hourly to
Speaker:Exit Podcast.
Speaker:Ladies, I am so excited about
Speaker:today's guest, Laura Posey.
Speaker:Laura, welcome to Hourly to
Speaker:Exit.
Speaker:Thanks for having me today, Erin.
Speaker:I'm excited to be
Speaker:here.
Speaker:Well, we have a ton to talk about,
Speaker:but before we get started, would you
Speaker:introduce yourself
Speaker:to the audience?
Speaker:yeah, so I'm Laura Posey.
Speaker:I live here in Richmond, Virginia.
Speaker:And, my whole job, what I do all
Speaker:day, every day, is working with coaches
Speaker:and consultants to show them how to
Speaker:plan their entire year on one sheet of
Speaker:paper, and then how to get it all done.
Speaker:That is
Speaker:amazing.
Speaker:I there's not a single person
Speaker:listening to this episode right now
Speaker:who does not want an easier and
Speaker:simpler way to get things done.
Speaker:So this is gonna be tremendously
Speaker:helpful to everyone.
Speaker:So I was looking at a recent,
Speaker:webinar that you had on LinkedIn
Speaker:where you talked about using your.
Speaker:Framework to plan your entire 2023
Speaker:on a single piece of paper and
Speaker:be prepared for a success no
Speaker:matter what the economy does.
Speaker:And so when I think about your one page
Speaker:business plan, this simple success plan.
Speaker:I think about something that
Speaker:I like to talk about, which is, is
Speaker:there a Rembrandt in your attic?
Speaker:And basically that is, in business
Speaker:terms, not in, literally Rembrandt.
Speaker:Yeah.
Speaker:But in business terms, where we
Speaker:have that hidden undervalued asset
Speaker:that we just use in our business all
Speaker:the time, and we don't even realize
Speaker:how valuable it is because maybe
Speaker:we haven't even put it in paper.
Speaker:We just.
Speaker:Goes through the process.
Speaker:Every time we bring in a client, we go
Speaker:through the process.
Speaker:Every time we create a deliverable, we
Speaker:go through that process and it's
Speaker:just part of what we do every day.
Speaker:And we're not thinking about the
Speaker:independent value that it may have.
Speaker:but when we talk, when we look at
Speaker:whether or not you have a Rembrandt,
Speaker:your addict, we look at all those
Speaker:internal processes.
Speaker:And, how do we systematize 'em if
Speaker:they aren't already.
Speaker:formalize 'em if we want to use
Speaker:them to say, train people internally
Speaker:to do what you do or to license it
Speaker:to other people to do what you do, or
Speaker:to turn it into a product that you
Speaker:can sell separately or have available
Speaker:separately.
Speaker:So when I think about.
Speaker:You're a simple success plan.
Speaker:I'm wondering like, is that
Speaker:the process that you went through
Speaker:from services to framework
Speaker:to product?
Speaker:Yeah, I think the way so many things
Speaker:start is I needed it for myself.
Speaker:And so I created it for myself and it
Speaker:worked really well.
Speaker:So I was like, well, let me see
Speaker:if this works with my clients.
Speaker:And so, yeah, started doing
Speaker:that with clients.
Speaker:And then over the years it's, just
Speaker:evolved and grown as I've gotten
Speaker:better at what I do.
Speaker:now it's, really the center of everything
Speaker:that we do.
Speaker:Like, I just don't work with anybody
Speaker:now unless we have a plan in place
Speaker:first, because we all need to know
Speaker:what we're trying to accomplish, where
Speaker:we're going and what we're doing.
Speaker:Yeah.
Speaker:I mean, you say
Speaker:the one page plan generated
Speaker:over 2 million in your business.
Speaker:By that, do you mean that's how
Speaker:you created your business or that's
Speaker:how you use it, exploit it, and
Speaker:there or both?
Speaker:a little bit of both.
Speaker:I always talk in, when I'm talking
Speaker:to folks about what I call a front
Speaker:door offer and, it's the door.
Speaker:You bring everybody in, and then once
Speaker:they're in, then there's all sorts of
Speaker:other stuff that you can do with them.
Speaker:Mm-hmm.
Speaker:And it's just been my front door offer
Speaker:for so long now.
Speaker:Mm-hmm.
Speaker:because it, just sets the
Speaker:foundation for everything, right?
Speaker:Yeah.
Speaker:So, not all my money comes directly
Speaker:from planning.
Speaker:But it all starts with planning.
Speaker:Well, let's back up and talk
Speaker:about like yeah.
Speaker:Who is your client?
Speaker:Why do they come to you, and how
Speaker:do you help them?
Speaker:So my clients are generally coaches
Speaker:and consultants.
Speaker:they're in the five, maybe they've hit
Speaker:low six figures.
Speaker:and they, don't wanna scale.
Speaker:Like, they're not trying to have a
Speaker:giant team and, rule the world.
Speaker:They just wanna have a really kick
Speaker:ass lifestyle.
Speaker:They wanna make, two 50 a year
Speaker:personally in their bank account.
Speaker:Maybe they've got a part-time va
Speaker:somebody to do their web stuff for them.
Speaker:and they just wanna show up and
Speaker:do great work.
Speaker:And get paid really well and have a
Speaker:lot of freedom and free time to live
Speaker:the rest of their life and spend
Speaker:the money that, they're earning.
Speaker:Yeah.
Speaker:I will say that has been me for many,
Speaker:many years and until, recently,
Speaker:I've been, looking at doing other
Speaker:kind of more scalable stuff and.
Speaker:expanding.
Speaker:but that was absolutely, having
Speaker:that flexibility and being able to
Speaker:go to the tennis match if you wanna
Speaker:be able to hype with the dog if you want
Speaker:to, but still have, use your expertise
Speaker:and be able to, do good work at
Speaker:the same time.
Speaker:exactly.
Speaker:And is there something, so
Speaker:what are they feeling then?
Speaker:Like, what is, their pain when
Speaker:they go, I need to go talk to Laura.
Speaker:Yeah, so generally they're at that
Speaker:place where, They've bought, every online
Speaker:course that there is on marketing and
Speaker:LinkedIn strategies and lead generation,
Speaker:and God only knows what else.
Speaker:Now, it's all about ai, right?
Speaker:Mm-hmm.
Speaker:Everybody's buying all the AI stuff
Speaker:and they're just like, none of
Speaker:this is working.
Speaker:I don't know how to put all
Speaker:this together.
Speaker:I know all this stuff, and I'm
Speaker:still not earning enough money.
Speaker:so I sit down with him and.
Speaker:say like you've got all the pieces,
Speaker:parts that you need.
Speaker:It's probably nothing else that
Speaker:you need to learn.
Speaker:You just need to put it in
Speaker:the right order.
Speaker:You gotta start with like, what do you
Speaker:really want in life?
Speaker:Like, let's get really serious
Speaker:about your lifestyle and figure out
Speaker:how much that's going to cost.
Speaker:And then let's build a business
Speaker:to deliver what it is that you really
Speaker:are looking for.
Speaker:And so we, walk through a plan,
Speaker:and we, look at the basic stuff like,
Speaker:what are your goals?
Speaker:But we look at money goals, but,
Speaker:how much time do you wanna take off?
Speaker:How do you wanna feel in
Speaker:your business?
Speaker:Mm-hmm.
Speaker:what's on your bucket list that
Speaker:you wanna get done, that you're
Speaker:actually gonna get done this year?
Speaker:Like, what are you committed
Speaker:to doing that's like super fun or
Speaker:super interesting?
Speaker:And then we start looking at what are
Speaker:the changes that have to happen in
Speaker:your business if you're gonna make
Speaker:the money that you wanna make.
Speaker:And so I use a framework cuz I
Speaker:love frameworks, that I built called
Speaker:the Success Circle.
Speaker:And it looks at the 12 areas of
Speaker:your business.
Speaker:and we literally like colored in like
Speaker:the, you remember the old life wheels?
Speaker:Mm-hmm.
Speaker:And you would color in the little
Speaker:pieces of pie to see how well your
Speaker:wheel rolled.
Speaker:We do the same thing for business.
Speaker:And it helps people realize like, oh,
Speaker:this is where I need to actually invest
Speaker:more time and money.
Speaker:This is what's holding me back.
Speaker:So we start putting together
Speaker:like, what are the projects that need
Speaker:to happen to make those changes?
Speaker:And then how are we gonna get 'em done?
Speaker:Well, it sounds like prioritizing, Yeah.
Speaker:Because you can't do do it
Speaker:all.
Speaker:Yeah.
Speaker:and I think so often it is
Speaker:just folks are.
Speaker:Putting all their time and energy into
Speaker:the wrong things.
Speaker:They're often getting the cart
Speaker:before the horse.
Speaker:it doesn't matter how good your lead
Speaker:gen is, if you don't know who your
Speaker:target audience is, if you don't
Speaker:have a good offer.
Speaker:Mm-hmm.
Speaker:Like a really good offer.
Speaker:Right.
Speaker:If you don't have good core
Speaker:messaging, if you don't know what
Speaker:your buyer's journey is, it doesn't
Speaker:matter how good your lead gen is.
Speaker:Like, you're just gonna piss 'em away.
Speaker:So Let's get those things
Speaker:in place first.
Speaker:Right.
Speaker:And we can start talking about lead
Speaker:gen and you probably already know
Speaker:everything you need to know about lead
Speaker:gen and it's not working because you
Speaker:haven't done all the other stuff first.
Speaker:Yeah, that is so true
Speaker:because I find that a lot of.
Speaker:Business coaches are trying to
Speaker:turn us who aren't marketers.
Speaker:Into marketers.
Speaker:Yeah.
Speaker:And I'm not a marketer.
Speaker:I will never be a marketer, Hey, I
Speaker:know what I know.
Speaker:I don't know.
Speaker:And so I just need answers.
Speaker:For that.
Speaker:Yeah.
Speaker:And then I need to move on.
Speaker:I don't wanna become an expert marketer.
Speaker:And so, just kind of getting to
Speaker:the basics and getting to like,
Speaker:so we can start implementing and
Speaker:executing on, right.
Speaker:Whatever the process will be
Speaker:Who should I have conversations with?
Speaker:What offer am I gonna make to them?
Speaker:How am I gonna frame that offer in a way
Speaker:that they go, oh my God, where have you
Speaker:been all my life?
Speaker:what does it take to get them to where
Speaker:they're ready to have a conversation?
Speaker:and it's just conversations.
Speaker:You don't need a fancy website.
Speaker:You don't need automation.
Speaker:You don't need any of that mess.
Speaker:Right.
Speaker:If you can talk to another human
Speaker:being, huh?
Speaker:You're good.
Speaker:Yeah, absolutely.
Speaker:I was talking to a colleague of mine
Speaker:who was starting a new business
Speaker:without a website and she was doing
Speaker:like, cause she just hadn't gotten to it.
Speaker:Yeah.
Speaker:But she had all these contacts and
Speaker:her basically her business is putting
Speaker:people together.
Speaker:So like I couldn't talk to people.
Speaker:That's what I do, uh, sales without
Speaker:a website, which we now think
Speaker:is unthinkable.
Speaker:One of the things that makes me insane
Speaker:is, I'll just make my little one IP
Speaker:little detour, is how focused people
Speaker:are on trademarks.
Speaker:Like the first thing people wanna talk
Speaker:about is trademarks.
Speaker:I'm like, who cares?
Speaker:Right?
Speaker:You have a solution cares.
Speaker:Oh, but I got this sexy logo.
Speaker:Man, I don't want anybody to
Speaker:take my logo.
Speaker:Exactly.
Speaker:Alright, whatever.
Speaker:Yes.
Speaker:Let's get to the basics.
Speaker:I love, that.
Speaker:Okay, so for our evolution
Speaker:of like having a framework and.
Speaker:Kind of productizing it mm-hmm.
Speaker:And using it as a lead generator, how
Speaker:did that process look for you?
Speaker:Something that happened organically
Speaker:and you're just like, Ooh, but luck.
Speaker:Will it luck?
Speaker:Did someone help you formulate that?
Speaker:did you use a lawyer for any part of it?
Speaker:How did that look for you?
Speaker:it's definitely been, an
Speaker:iterative process.
Speaker:I started selling it literally just
Speaker:one-on-one, like the people that I knew.
Speaker:I, did a lot of, Speaking
Speaker:at one time.
Speaker:So, when you're on a stage, like
Speaker:whoever's facing the back of the room is
Speaker:the intelligent one.
Speaker:People just believe what
Speaker:you say when you stand on a stage.
Speaker:and so I would get up there and
Speaker:I'd talk about planning and people
Speaker:would come up to me afterwards
Speaker:and go, wow, I really wanna learn
Speaker:more about that.
Speaker:Let's have a conversation.
Speaker:Okay, great.
Speaker:We'd make the sale.
Speaker:and I'd work with them one-on-one.
Speaker:And, so then I just started
Speaker:thinking like, tired of traveling.
Speaker:And the one-on-one is okay, but I
Speaker:really wanna reach a broader audience.
Speaker:Mm-hmm.
Speaker:And so I just looked at, okay,
Speaker:what do I do with the individual
Speaker:people that works?
Speaker:What is the process that I
Speaker:take them through?
Speaker:And then looking at that and say,
Speaker:well, how would I take a group
Speaker:of people through this process?
Speaker:What would be different and how
Speaker:would I manage that group and, how much
Speaker:time do they need?
Speaker:Like when it's one-on-one, we just
Speaker:lock ourselves in a room for a day and
Speaker:we crank it out.
Speaker:But if you've got a hundred people,
Speaker:you can't get it done in one day.
Speaker:So, I just started looking at like,
Speaker:okay, well what does it take?
Speaker:Do, how much time are, people gonna
Speaker:need to take this idea that they've
Speaker:learned and, get it done so we can go
Speaker:on to the next idea?
Speaker:Mm.
Speaker:Like, well, let's try it.
Speaker:How many people can I do in a one day?
Speaker:Well, I can deliver the content.
Speaker:I just can't help everybody.
Speaker:And so, then I was like, well, let
Speaker:me just make it an online course.
Speaker:instead of me repeating myself
Speaker:all the time, let me just record
Speaker:everything, all the training,
Speaker:add a workbook to it, traditional
Speaker:online course, and then it just
Speaker:becomes a marketing exercise, right?
Speaker:That's where you do turn into a
Speaker:marketer, right?
Speaker:And that's where I, sort of got my
Speaker:marketing chops, was marketing
Speaker:my own stuff.
Speaker:and then I realized like, nobody's life
Speaker:changes from taking an online course.
Speaker:Mm-hmm.
Speaker:Because most of the time they don't
Speaker:finish it and it doesn't matter.
Speaker:Like, I tried every kind of thing I
Speaker:could think of to like, if somebody
Speaker:stopped moving forward to nudge
Speaker:them and, I just couldn't get
Speaker:people to finish.
Speaker:And so, what if I just.
Speaker:Do it live.
Speaker:Like what if I just do the training
Speaker:live and answer the questions live and
Speaker:we'll do the work on the calls live
Speaker:and just stretch it out and how
Speaker:will that work?
Speaker:And that seems to be the, magic
Speaker:formula right now.
Speaker:Yeah.
Speaker:I just do it with, you know, a
Speaker:hundred, 150, 200 people at a time.
Speaker:That's a big cohort.
Speaker:Wow.
Speaker:It is.
Speaker:and I've got a co-coach that is
Speaker:on the call with me, so she's kind
Speaker:of running the back end in the chat and
Speaker:everything so I can just show up and
Speaker:do, and it works really, really well.
Speaker:Like people actually get stuffed done.
Speaker:It is super important
Speaker:to have that live component.
Speaker:It is just so
Speaker:important
Speaker:mm-hmm.
Speaker:It is.
Speaker:And, I think it's just completely
Speaker:scalable.
Speaker:Like I was.
Speaker:Thinking about it the other day and I
Speaker:was like, well, how many people could
Speaker:we handle on a call that might I, I'm
Speaker:like, we could do 500 and we could
Speaker:do 500 with the team I have right
Speaker:now, Like, right.
Speaker:Let's see what that would look like.
Speaker:Well that is kind a daunting, I'll
Speaker:couple of things.
Speaker:everyone kind of.
Speaker:Gets the
Speaker:need to the scale to go from
Speaker:the one-to-one model to the one
Speaker:to many model.
Speaker:Yeah.
Speaker:But they're not sure how it looks.
Speaker:But there are a couple of things
Speaker:that I think prevent them from
Speaker:making that leap.
Speaker:One is just, I get paid, More for the
Speaker:one-on-one stuff than I do for
Speaker:the one to many.
Speaker:Is it going to cannibalize my
Speaker:one-to-one work?
Speaker:How will those clients view me if
Speaker:there's the worry about cannibalizing
Speaker:kind of the premium work, let's call it.
Speaker:And then the other is, how do
Speaker:I, if I have a relationship-based
Speaker:referral-based business, How do
Speaker:I grow an audience to be able to sell
Speaker:one
Speaker:to many?
Speaker:Yeah.
Speaker:so the, first question in my
Speaker:experience has been, that the one to many
Speaker:actually supports the one-on-one one,
Speaker:and I end up with more one-to-one
Speaker:than I want.
Speaker:Mm-hmm Because of the w to many.
Speaker:Cuz what happens is they come into the
Speaker:w Toman environment and they go,
Speaker:mm, I need more.
Speaker:Right.
Speaker:I'm a bigger business.
Speaker:I, just need more.
Speaker:Can I talk to you about that?
Speaker:Do you do that?
Speaker:Mm-hmm.
Speaker:And so then we have the conversation
Speaker:and it goes, from a thousand
Speaker:dollars sale to a $20,000 sale.
Speaker:Right.
Speaker:and it's like, okay, yeah.
Speaker:Can do that.
Speaker:so rather
Speaker:than being a replacement, it's
Speaker:more like another ladder on the
Speaker:step of working More intense.
Speaker:Yeah.
Speaker:Yeah.
Speaker:I mean, it, just, Again, like I bring
Speaker:everybody in that one door, right?
Speaker:And some of the folks that come
Speaker:through that one door go, no, I need
Speaker:a whole lot more.
Speaker:so we just have the conversation and
Speaker:then we, move into the one-on-one.
Speaker:so I think it, actually helps you
Speaker:to have one to many.
Speaker:the list piece.
Speaker:Right.
Speaker:Everybody's like, email's
Speaker:dead, blah, blah, blah, blah, blah.
Speaker:I've been hearing that for 15 years.
Speaker:it still works.
Speaker:the beauty of email is that it
Speaker:is an asset that you own, right?
Speaker:You, have these addresses that
Speaker:you can use and yes, some of
Speaker:'em are bad and blah, blah, blah.
Speaker:But you have people that you
Speaker:can communicate with whenever
Speaker:you want to.
Speaker:And so growing that list I
Speaker:think is really, really important.
Speaker:I'm not a, giant fan of building your
Speaker:business on somebody else's platform.
Speaker:Mm-hmm.
Speaker:So like Facebook groups and LinkedIn
Speaker:groups and blah, blah, blah, blah,
Speaker:whatever the newest thing is.
Speaker:doing TikTok videos and, I
Speaker:mean, just TikTok recently, states are
Speaker:going, Hey, we're banning TikTok.
Speaker:Yeah.
Speaker:It's
Speaker:a pretty big state.
Speaker:Yeah.
Speaker:Mm-hmm.
Speaker:Yeah.
Speaker:I don't know anybody that's
Speaker:banning email.
Speaker:Mm-hmm.
Speaker:so I think it's, super helpful to
Speaker:start building your list and,
Speaker:the easiest way I've found to
Speaker:build a list is one to speak.
Speaker:Mm-hmm.
Speaker:Podcasts on stages at your
Speaker:local chamber of Commerce, wherever
Speaker:your people are.
Speaker:Go speak and even if you don't get
Speaker:paid to speak right away, get in front
Speaker:of people and offer them something.
Speaker:Mm-hmm.
Speaker:Have a free, something that
Speaker:supplements the whatever you're
Speaker:talking about.
Speaker:And about 80% of your audience
Speaker:will opt in.
Speaker:And so, if you think about that, okay,
Speaker:if I'm talking to 200 people, I got at
Speaker:least 150 new names.
Speaker:To add to my email list.
Speaker:And they're op, like they're on
Speaker:their phone texting.
Speaker:The code.
Speaker:Right.
Speaker:And they're getting the stuff.
Speaker:And that's just a one to many way
Speaker:to build a list.
Speaker:Now it's interesting what you mentioned
Speaker:about TikTok cuz I hadn't even thought
Speaker:about, cause we, pre the issues that
Speaker:we're having in 2023, we've been
Speaker:told to make sure you own, you know,
Speaker:of your audience.
Speaker:And so you you're collecting those
Speaker:emails even if you don't have
Speaker:a list that you have that a way to
Speaker:reach out to them.
Speaker:But the world is getting more
Speaker:volatile, with Issues like TikTok
Speaker:with, Twitter, I mean, people who
Speaker:had massive Twitter.
Speaker:And maybe that's, the less viable
Speaker:things that are going on
Speaker:with, Facebook.
Speaker:And so you really are more
Speaker:vulnerable than we ever have been
Speaker:when we're trying to build Yeah.
Speaker:any asset on somebody else's
Speaker:platform.
Speaker:Yeah, absolutely.
Speaker:Yeah.
Speaker:That
Speaker:is crazy.
Speaker:There's a reason they call it rented
Speaker:media, right?
Speaker:and if you're building on
Speaker:rented land right.
Speaker:Somebody can come along and take
Speaker:your house whenever they feel like it.
Speaker:Right?
Speaker:They can change the algorithm.
Speaker:I know like with Facebook
Speaker:advertising, when Apple came in with
Speaker:all the privacy restrictions mm-hmm.
Speaker:It devastated.
Speaker:Absolutely devastated
Speaker:some folk.
Speaker:Because their entire business was built
Speaker:around Facebook advertising and
Speaker:this data that they could no longer get.
Speaker:it, they lost access to the data.
Speaker:Yeah.
Speaker:So it used to be when you went
Speaker:into, to set up Facebook ads, I
Speaker:mean, you could set up, you could
Speaker:build audiences by all sorts of stuff
Speaker:you should not know about people.
Speaker:Mm-hmm.
Speaker:And when somebody would opt in,
Speaker:through an Apple device and,
Speaker:certainly Windows devices as well,
Speaker:Facebook would gather whatever
Speaker:information they could from that
Speaker:device and learn all sorts of
Speaker:stuff about you.
Speaker:Mm-hmm.
Speaker:Right?
Speaker:that they could then resell to
Speaker:advertisers.
Speaker:and Apple put the kibosh on that.
Speaker:And so, now suddenly Facebook
Speaker:is going well.
Speaker:we don't know as much as we thought
Speaker:we did, and the stuff that we do
Speaker:know we're not allowed to tell
Speaker:you anymore.
Speaker:And so mm-hmm.
Speaker:It really wrecked a lot of people's
Speaker:businesses.
Speaker:and so I, am a big fan of having
Speaker:multiple streams of lead generation.
Speaker:Mm-hmm.
Speaker:and, build some on the socials.
Speaker:just don't.
Speaker:Make it everything, right.
Speaker:Builds stuff on stages.
Speaker:But has the pandemic taught us?
Speaker:Stages change.
Speaker:Stages change.
Speaker:Yes, absolutely.
Speaker:Again, like I know lots of people who
Speaker:were stage speakers whose businesses
Speaker:disappeared overnight.
Speaker:I have a, colleague who had a $700,000
Speaker:business just disappeared
Speaker:overnight.
Speaker:That was the entirety of his
Speaker:business was live.
Speaker:Doing live.
Speaker:It just
Speaker:went away.
Speaker:pivoted pretty quickly, right?
Speaker:Mm-hmm.
Speaker:So just lessons learned and,
Speaker:having watched a lot of people get
Speaker:in big trouble, you diversify
Speaker:your assets.
Speaker:building your email list is an
Speaker:asset diversify.
Speaker:Absolutely.
Speaker:Well, speaking of assets, I mean,
Speaker:with your simple success plan, is it
Speaker:registered in the copyright office?
Speaker:Does it have a trademark?
Speaker:how does it, you, deal with
Speaker:the IP part
Speaker:of that?
Speaker:yes.
Speaker:So the Simple Success Plan
Speaker:is a registered trademark.
Speaker:Mm-hmm.
Speaker:I have the paper around
Speaker:here somewhere.
Speaker:I can look it up.
Speaker:yes, I used an attorney,
Speaker:I'm clapping.
Speaker:Yeah.
Speaker:Cuz I didn't wanna deal with that crap.
Speaker:Like, I just don't wanna deal
Speaker:with that crap.
Speaker:You definitely, yeah.
Speaker:And, I've been on the, other side of
Speaker:things like the, originally the
Speaker:simple success plan was called, the one
Speaker:page strategic plan.
Speaker:Mm.
Speaker:How turns trouble there?
Speaker:Somebody owns, somebody has
Speaker:a trademark on the one page.
Speaker:For like a ridiculous
Speaker:number of codes.
Speaker:Yes.
Speaker:Mm-hmm.
Speaker:Right?
Speaker:And so he sent me a very nice
Speaker:email and said, Hey, I own that.
Speaker:Was it nice?
Speaker:It was okay.
Speaker:It was nice.
Speaker:And we had a conversation and,
Speaker:I've been on that.
Speaker:Like I had a business, A little
Speaker:side business and I got an email from,
Speaker:or I got a letter from Media General,
Speaker:the attorneys for Media General,
Speaker:letting me know in no uncertain
Speaker:terms that they own the trademark for
Speaker:the term Virginia business when it
Speaker:comes to any sort of publication.
Speaker:That is shocking
Speaker:to me what people were able to get
Speaker:trademarks for.
Speaker:Yes.
Speaker:I mean, like you could never today,
Speaker:but there was a time and you get Yeah.
Speaker:And I'm like, well, I'm not gonna
Speaker:win this battle.
Speaker:So change the name, right?
Speaker:Mm-hmm.
Speaker:Yeah.
Speaker:Change business.
Speaker:Wow.
Speaker:I was curious about the Weather Channel
Speaker:when I said, I'm like, when I noticed
Speaker:I, how do you get a trademark on
Speaker:the other channel?
Speaker:Well, Intel owns pretty much it.
Speaker:any word.
Speaker:Followed by inside.
Speaker:have a friend who, started a
Speaker:business called, brand Inside.
Speaker:they do, branding, but they do like
Speaker:internal branding and employee
Speaker:development and stuff.
Speaker:Mm-hmm.
Speaker:And Intel sent them a very strongly
Speaker:worded letter letting them
Speaker:know that they were in violation
Speaker:of their trade.
Speaker:And I'm like, wait a minute, They make.
Speaker:Chips, and this is a service
Speaker:marketing company, what the hell?
Speaker:And Intel was like, no, we own
Speaker:all that shit.
Speaker:Wow.
Speaker:So, yeah.
Speaker:Crazy.
Speaker:Right?
Speaker:That is crazy.
Speaker:I guess it falls into the super
Speaker:trademark category of things, like
Speaker:anything that's even associated
Speaker:with these like massive, trademarks.
Speaker:Yeah, kind of.
Speaker:They just gobble everything up,
Speaker:which is pretty obnoxious, but
Speaker:This is what it is.
Speaker:Exactly.
Speaker:So, but
Speaker:I want to, kind of go back to the
Speaker:point like, if you'd not been able to
Speaker:get Simple success plan, you couldn't
Speaker:get the first one you wanted.
Speaker:I mean, there's another one.
Speaker:At the end of the day, the value and
Speaker:the trademark is the transformation
Speaker:that you provide.
Speaker:And you can exactly whatever name you
Speaker:want on there, you know, who cares
Speaker:what it's called.
Speaker:Yeah, it is.
Speaker:Yes, exactly.
Speaker:But once you do have, you're
Speaker:known for that transformation,
Speaker:you do wanna make sure that.
Speaker:Everyone knows that's yours, and
Speaker:therefore that's why you want
Speaker:that trademark.
Speaker:So they know it's your idea,
Speaker:but we should not like let the
Speaker:tail wag the dog.
Speaker:Is that what it's Yeah.
Speaker:That we, gotta
Speaker:have, well, it gets into that,
Speaker:getting bogged down in minutia
Speaker:that isn't growing your business.
Speaker:Right?
Speaker:Right.
Speaker:Like I see folks are like just obsessed
Speaker:about their website.
Speaker:Mm-hmm.
Speaker:and they're spending hours and hours
Speaker:and hours and I'm like, You don't
Speaker:have any traffic,
Speaker:like nobody's gonna see it.
Speaker:Like just exactly right.
Speaker:Put up a nice looking page.
Speaker:Got some info on it.
Speaker:You can add more later.
Speaker:Yeah.
Speaker:It's a website.
Speaker:Yeah.
Speaker:I'm sure we've all been guilty
Speaker:of that for sure.
Speaker:Oh yeah.
Speaker:like, these are all lessons, like
Speaker:when I say, God, it drives me crazy
Speaker:when people do this.
Speaker:It's because I've done it.
Speaker:Mm-hmm.
Speaker:Right?
Speaker:and I've learned not to do it
Speaker:because I've watched it fail.
Speaker:Well, we are about halfway through,
Speaker:gosh, we are halfway through 2023, so I
Speaker:don't know how that happened exactly.
Speaker:Insane, insane.
Speaker:but what, new happened in 2023?
Speaker:I used to ask, what do we see
Speaker:ahead for 2023?
Speaker:But now I'm gonna have to say, ask,
Speaker:what, kind of changes happened
Speaker:in 2023 as we were coming out
Speaker:of the pandemic?
Speaker:And, People quiet, quitting, and, all
Speaker:kind of gig economy.
Speaker:Like what's going on?
Speaker:I think it's the rise of ai.
Speaker:Mm-hmm.
Speaker:Like, that's what I'm seeing mm-hmm.
Speaker:in the world.
Speaker:hear so many folks going, oh, I
Speaker:need to learn ai.
Speaker:And I'm like, do you even know what it
Speaker:is or what it does?
Speaker:Like you just, you've heard you
Speaker:need to learn it And I keep, people that
Speaker:are like, oh, it can write all your
Speaker:copy, it can do all your copywriting, it
Speaker:can do all of this, it can do this,
Speaker:it could do this.
Speaker:it's like, it's gonna work all
Speaker:this magic for you.
Speaker:And I'm like, well, yeah, it does a lot
Speaker:of stuff, but you still gotta have
Speaker:the right prompts.
Speaker:And like, there's work that goes into
Speaker:it and, I think there's still just
Speaker:no substitute for humans getting
Speaker:together even on Zoom talking.
Speaker:AI does not have a personality.
Speaker:AI has no eq, AI can't read the room.
Speaker:Yeah.
Speaker:And it's like, oh, we can, do
Speaker:a promotional video using ai.
Speaker:I don't know how to do it.
Speaker:But somebody could do that.
Speaker:I could say, I need a video
Speaker:though of me.
Speaker:Mm-hmm.
Speaker:Fake me, right.
Speaker:Talking about this.
Speaker:and I could get AI to write the
Speaker:script and da da, da, da, but it's
Speaker:gonna suck, right?
Speaker:or I could just sit down and record
Speaker:a video and talk about what I need
Speaker:to talk about.
Speaker:Mm-hmm.
Speaker:And let people see the real human, who
Speaker:makes mistakes and, that has, doesn't
Speaker:do hair and makeup, and is just like,
Speaker:a normal person.
Speaker:Right.
Speaker:Yeah.
Speaker:At the end of the day, like if what
Speaker:you do is something that someone could,
Speaker:six months ago could have gone on
Speaker:Google and figured out without you,
Speaker:then you're in the same position
Speaker:like you need you.
Speaker:Right.
Speaker:That's not where you should be.
Speaker:Right.
Speaker:If you're an expert, yeah.
Speaker:It shouldn't be just.
Speaker:Out there for somebody else to
Speaker:like kind of sift through, a database
Speaker:and come up with whatever it is
Speaker:that you do that's special for Right.
Speaker:Getting delivered to your clients.
Speaker:that's still is necessary to
Speaker:differentiate you from everybody else.
Speaker:it's crazy.
Speaker:I mean, they, the things that I see
Speaker:people building as businesses and
Speaker:I'm just like, I'm pretty sure
Speaker:a machine does that already.
Speaker:Mm-hmm.
Speaker:Like how are you doing it differently
Speaker:than the machine?
Speaker:Like, I love my accountant.
Speaker:I adore my accountant.
Speaker:Fabulous person, right?
Speaker:But my accountant doesn't give me
Speaker:tax strategies.
Speaker:She just takes all the junk eye giver
Speaker:and puts all the numbers in the right
Speaker:boxes and makes things balanced.
Speaker:Cuz I don't really care
Speaker:about doing that.
Speaker:Right.
Speaker:Right.
Speaker:I'm pretty sure a machine can do that
Speaker:because there's software out there
Speaker:that doesn't.
Speaker:Well,
Speaker:they haven't.
Speaker:Yes.
Speaker:She
Speaker:just takes my junk and puts it
Speaker:into this software that she uses.
Speaker:Right?
Speaker:Right.
Speaker:so I'm like, Hey, how long is
Speaker:that gonna be?
Speaker:Like a
Speaker:job.
Speaker:Yeah.
Speaker:If you're not providing some
Speaker:type of strategic advice behind that,
Speaker:you're not able to like say, okay,
Speaker:Laura, what do you want, retirement
Speaker:to look like.
Speaker:Let's figure out, and, lifestyle
Speaker:issues and how do you finance them and
Speaker:how, it has to be something other than
Speaker:just the numbers.
Speaker:Yeah.
Speaker:Or, if you are a writer, it has
Speaker:to be something more than just,
Speaker:Putting together some webpages.
Speaker:It has to be something
Speaker:unique.
Speaker:Yeah.
Speaker:Yeah.
Speaker:I mean, AI can write your book
Speaker:report for you.
Speaker:Yeah.
Speaker:Because book report isn't necessarily
Speaker:your opinion, right?
Speaker:and AI's gonna be better at
Speaker:the research, so if you're just
Speaker:putting out facts and regurgitating
Speaker:stuff, other people have said mm-hmm.
Speaker:Yeah.
Speaker:AI's gonna eat your lunch, but, Yep.
Speaker:If you actually have an opinion
Speaker:and, a strategy and a, viewpoint,
Speaker:a framework, yes.
Speaker:All those things.
Speaker:Love that.
Speaker:All right.
Speaker:So as you know, this is the Hourly
Speaker:to Exit podcast where I encourage
Speaker:female founders of expertise-based
Speaker:businesses to build a business that
Speaker:they can hopefully sell someday.
Speaker:So, As the female founder of an
Speaker:expertise based business, do you
Speaker:have plans to sell your business?
Speaker:What's the next chapter for
Speaker:your business?
Speaker:Yeah, so I actually have somebody who
Speaker:wants to buy it, and I just keep mm-hmm.
Speaker:pushing him away because I wanna get
Speaker:the valuation up.
Speaker:Mm-hmm.
Speaker:Significantly higher.
Speaker:Mm-hmm.
Speaker:I also have, a colleague who would
Speaker:be like the perfect fit To take it over.
Speaker:Mm-hmm.
Speaker:And, so we're just starting to have
Speaker:some discussions.
Speaker:I'm not anywhere close to
Speaker:ready to go.
Speaker:I'm just having way too much fun.
Speaker:And
Speaker:so, um, that's the beauty of building
Speaker:a business that you love, like
Speaker:you, there's no urgency to Yeah.
Speaker:I've built it to suit my lifestyle.
Speaker:And so I work really hard in the winter.
Speaker:And then I take summers off and
Speaker:the rest of the time I work about
Speaker:three days a week.
Speaker:And that totally suits me.
Speaker:Mm-hmm.
Speaker:And mean, gosh, I love the income.
Speaker:like it's just nothing like
Speaker:getting the check that, right.
Speaker:So every two weeks it's like,
Speaker:whoa, look.
Speaker:So
Speaker:when you talk about increasing the
Speaker:valuation, like is there something
Speaker:specifically that you're working on
Speaker:to help do that?
Speaker:Yeah.
Speaker:So, it's always about replacing
Speaker:yourself, right?
Speaker:people wanna buy your cash flow,
Speaker:they don't wanna buy your ip, and
Speaker:so it's creating the machine that
Speaker:anybody can run.
Speaker:Right?
Speaker:And, like the guy that, wants it,
Speaker:he's got other properties and other
Speaker:lists and other.
Speaker:Experts who do different things,
Speaker:he just doesn't have this piece.
Speaker:And so it's a nice addition
Speaker:to his puzzle.
Speaker:and so, he'll just market my stuff to
Speaker:all of his other lists and market
Speaker:all of his other stuff to my list.
Speaker:and because everything can
Speaker:be delivered, in a pretty turnkey
Speaker:manner And obviously he can replace me
Speaker:for less than what I cost, right?
Speaker:Mm-hmm.
Speaker:so it'll throw off a pretty good amount
Speaker:of cash, but yeah.
Speaker:We know that
Speaker:revenue generator is your ip, right?
Speaker:Yes,
Speaker:It is
Speaker:it.
Speaker:No, I totally get that.
Speaker:It's the, thing is though, so just for
Speaker:as an example, I have a good friend,
Speaker:colleague who is the most magnificent
Speaker:IP I've ever seen.
Speaker:I mean it is.
Speaker:So her frameworks are beautiful.
Speaker:Her books, mean, big corporate clients,
Speaker:like the whole nine yards, but she
Speaker:never built anything outside of herself.
Speaker:Mm-hmm.
Speaker:Other than the ip.
Speaker:And she tried for probably four
Speaker:or five years to sell the ip.
Speaker:And could not get a buyer.
Speaker:Yeah, it's not, we don't create
Speaker:IP like, just cuz it's pretty Right.
Speaker:It is the leverage that we
Speaker:get out of it.
Speaker:Like how we Yes.
Speaker:Deploy it.
Speaker:That is where the Exactly.
Speaker:Yes.
Speaker:And she just never trained anybody to
Speaker:do what she does.
Speaker:And so she was going to, she
Speaker:was trying and, people just said,
Speaker:We'll just wait for you retire
Speaker:and then we'll just go get it.
Speaker:Right.
Speaker:Yeah.
Speaker:Yeah.
Speaker:So I didn't mean that as a slam dunk.
Speaker:Yeah, no, no, it's okay.
Speaker:Be where I wouldn't be where
Speaker:I am without all of my ip.
Speaker:Right.
Speaker:I mean, that's what's gotten
Speaker:me here.
Speaker:I mean, so
Speaker:that's, that's how we get out of
Speaker:this selling our time business is
Speaker:by creating these things that Yes.
Speaker:And.
Speaker:Exactly.
Speaker:Generate revenue without us.
Speaker:Yes.
Speaker:All right.
Speaker:that's the key is the generate
Speaker:revenue.
Speaker:People wanna buy your cash flow,
Speaker:and if you are a hundred percent
Speaker:responsible for your cash flow, when you
Speaker:retire, there's,
Speaker:no cash flow.
Speaker:Exactly, Unless you become
Speaker:employee machine.
Speaker:Yeah.
Speaker:Yes.
Speaker:All right.
Speaker:So, one of our missions here is to
Speaker:create more wealth in the hands of
Speaker:women to create an economy that works
Speaker:for more of us.
Speaker:And so I love to introduce
Speaker:the audience to organizations who
Speaker:are doing great work in that area.
Speaker:Is there one that you'd like to share
Speaker:with the audience?
Speaker:Yeah.
Speaker:There's a, group here in Richmond
Speaker:called Safe Harbor, and they help women
Speaker:who are in abusive relationships.
Speaker:Safely get out with their kids.
Speaker:they help set them up in new
Speaker:careers, new houses, absolutely
Speaker:everything they need.
Speaker:Mm-hmm.
Speaker:they take care of all the legal work
Speaker:as well to make sure that they, have
Speaker:all the protections that they need
Speaker:and, um, just great organization.
Speaker:Love it.
Speaker:Thank you.
Speaker:So we'll have that in the show
Speaker:notes so everyone can find them and
Speaker:support their work.
Speaker:And so I know you have an offer as
Speaker:well, some goodies that you'd like
Speaker:to share with the audience as well.
Speaker:Yes.
Speaker:Yeah, I'm a big fan of giving people
Speaker:for yourself because it, it's useful, so.
Speaker:I have a, it's a single sheet
Speaker:of paper.
Speaker:It's called the Daily Success
Speaker:Checklist.
Speaker:you do like fill it out every single
Speaker:day, and it keeps you focused on your
Speaker:long-term goals, keeps you focused
Speaker:on your projects that you're working
Speaker:on right now.
Speaker:Keeps you focused on the things that
Speaker:make you a healthy, whole human being
Speaker:and it keeps you focused on the most
Speaker:important tasks that you need to
Speaker:get done each day.
Speaker:And then it helps you end the day with
Speaker:a reflection so that when you finish that
Speaker:piece, you are done with work for the
Speaker:day, whether that's at 10 o'clock in
Speaker:the morning or six o'clock at night.
Speaker:Mm-hmm.
Speaker:And you can walk away knowing that
Speaker:you have done everything that you
Speaker:needed to do today move things forward.
Speaker:It's settled.
Speaker:You can go leave, work and be a
Speaker:whole human being.
Speaker:You can be present with your family.
Speaker:You can be present in your life and not
Speaker:be thinking about work all the time
Speaker:and not wake up
Speaker:in the 3:00 AM Not that that ever
Speaker:happens to me.
Speaker:yeah.
Speaker:No, it, it, such a fabulous tool
Speaker:for just looking at it cuz it, one
Speaker:sheet of paper, it's like this
Speaker:is what I can get accomplished today.
Speaker:Mm-hmm.
Speaker:And so you do exactly what you
Speaker:are capable of doing that day.
Speaker:And then you're done.
Speaker:Mm-hmm.
Speaker:And so there's not this endless list
Speaker:that's haunting you and hanging
Speaker:over your, head and it's always
Speaker:keeping you focused on the important
Speaker:things mm-hmm.
Speaker:That are really driving the
Speaker:business forward.
Speaker:And there's room in there for
Speaker:all the little petty stuff that
Speaker:has to get done.
Speaker:Cuz let's face it, there's little
Speaker:petty stuff that has to get done.
Speaker:But it's my number one tool
Speaker:for focusing in getting stuff done.
Speaker:And so you can just hop over
Speaker:to the website.
Speaker:It's simple success plans.com/daily.
Speaker:Great.
Speaker:And download it.
Speaker:And there's a whole tutorial video
Speaker:and downloads and fillable versions
Speaker:and printable versions and all.
Speaker:Fantastic.
Speaker:Well I need one of those cuz I
Speaker:do have some of those 3:00 AM
Speaker:moments too often.
Speaker:So Yeah, and I'll get,
Speaker:we'll get you with, get you Outta
Speaker:those, fix me up.
Speaker:So we will have the, links to all
Speaker:of those in the show notes as well.
Speaker:Where else can people find
Speaker:you?
Speaker:easiest places to just hit me
Speaker:up on my website.
Speaker:I mean, you can find me on Facebook.
Speaker:I have LinkedIn profile.
Speaker:I never hang out there.
Speaker:I hang out on Facebook.
Speaker:I'm not an Insta gal.
Speaker:Mm-hmm.
Speaker:Again, like I have a profile, I
Speaker:don't do anything.
Speaker:Right.
Speaker:so yeah, hit me up on Facebook, hit me
Speaker:up on the website.
Speaker:you can just shoot me an email and,
Speaker:ask me questions.
Speaker:I love to talk about business and
Speaker:meet new people.
Speaker:Fantastic.
Speaker:Well, thank you so much, Laura.
Speaker:You've been tremendously
Speaker:generous and I know everyone wanna
Speaker:follow up with you with those very
Speaker:helpful resources.
Speaker:Thank you.