Tara Rhodes isn’t sure she wants a traditional coaching business any longer. But she wonders if it’s even possible to have a profitable business that suits her interests and lifestyle. Dallas Travers coaches her through a conversation to design a business model she truly loves.
Key Takeaways
- Follow Your Passion: Lean into what you love. For Tara, this means focusing on creating community and shared learning experiences rather than just one-on-one coaching.
- Innovative Revenue Models: Exploring new revenue streams, such as a subscriber-based podcast, can provide financial sustainability while aligning with personal values and passions.
- Lean Into What You Love: Embrace your passion and let it guide your business decisions. For Tara, this means focusing on creating a community-centered space.
- Explore Creative Revenue Models: Monetize your passion through diverse revenue streams such as advertising, subscriber levels, and mini-trainings, ensuring alignment with your values.
- Listen and Adapt: Stay attuned to your audience’s needs and be ready to pivot based on feedback. Recognize the signs and feelings that indicate it’s time for the next phase.
Timestamps & Key Topics
[00:14] Tara shares her vision about her business
[01:48] Tara talks about her Aha moments
[03:47] Discussion on transition challenges to a community-based business model
[05:48] Tara outlines her vision for the future
[08:30] Discussion on providing equity and accessibility in her business
[09:33] Tara describes her ideal community members
[13:40] Dallas pitches the idea of a podcast to Tara
[17:00] Exploring New Revenue Models
[19:54] Discussion on monetization strategies for the podcast
[22:51] Setting Realistic Expectations
[23:57] Discussion on Tara’s next steps
[26:40] Dallas and Tara discuss her potential revenue with the podcast
[31:08] Tara reflects on her business goals.
[33:00] How to identify when it’s time to expand or pivot in your business