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BiggerPockets Business Podcast

80: Turning Problems Into New Income Streams With Stephanie Betters

BiggerPockets Business Podcast

BiggerPockets

Business, Careers

4.8696 Ratings

🗓️ 3 November 2020

⏱️ 72 minutes

🧾️ Download transcript

Summary

Being a business owner is exceptionally rewarding in so many ways… but as all successful entrepreneurs know, it’s certainly not all glitz and glamour! We ALL experience problems, and the way we navigate those problems can make or break our business. But what happens when we take it a step further, creating new opportunities by choosing to not only navigate, but instead TACKLE complex problems head on?  Check out Stephanie Betters, founder and owner/operator of SocialMediaREI, Left Main Real Estate Investment Lifeline and Better Path Homes. Mastering the skills of managing it all, Stephanie talks with us about how she started two new income streams that originated from complex problems she solved to help her own business. Realizing many other business owners faced the same challenges, she began offering her product solutions on a broader scale -- all while raising three young children and continuing to practice medicine full-time as a cardiac surgery nurse practitioner. Stephanie tells us about her creative approach to self-solving a problem that would have otherwise cost nearly $100K to outsource, which ultimately led the world’s #1 CRM, Salesforce.com, to come knocking at her door. She serves up a valuable roadmap of the right way to go about finding help (including that first daunting hire of a personal assistant); the critical importance of creating measurable, time-sensitive goals to move your business forward, and avoiding the all-too-common entrepreneurial trap of “starting to drive the bus without knowing where you’re going.”  And make sure you listen for Stephanie’s tips on working with your spouse, significant other, or partner… a challenge we all face when growing a business while keeping family front and center. Check her out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show! Links from the Show BiggerPockets Salesforce BiggerPockets Sharper Business Solutions Check the full show notes here: http://biggerpockets.com/bizshow80 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello Blue Skies. Hello moving onwards and upwards. Hello, taking control of your money. Say hello to tax-free investing. Open a Stocks and Shares ICER and act by the 5th of April to get 100 to 3,000 pounds cashback. Cargreaves lands down. Hello Life. Register and add or transfer £10,000 plus. You may go Lansdowne. Hello Life.

0:23.8

Register and add or transfer £10,000 plus.

0:25.4

You may get back less than you invest.

0:26.5

And tax benefits vary.

0:28.6

For terms and conditions, see hl.co.uk. UK, 4. slash ISA.

0:30.8

This episode is brought to you by Vanty.

0:33.6

Stressing over cyber security.

0:35.3

Whether you're a startup, growing fast, or already established.

0:38.6

Vanta can help you get ISO-27,001 certified and more.

0:43.6

Plus, it allows your company to centralize security workflows,

0:47.6

complete questionnaires up to five times faster,

0:50.2

and proactively manage vendor risk to help your team stay compliant.

0:54.3

Head to vanta.com slash Spotify to learn more.

0:58.7

So, you want to be a marketer.

1:01.5

It's easy.

1:02.7

You just have to score a ton of leads and figure out a way to turn them all into customers.

1:06.6

Plus manage a dozen channels, write a million blogs and launch 100 campaigns all at once.

1:11.2

When that's done, simply make your socials go viral and bring in record profits.

1:15.4

No sweat.

1:16.9

Okay, fine.

1:17.8

It's a lot of sweat.

1:19.1

But with HubSpot's AI-powered marketing tools, launching benchmark-breaking campaigns is easier than ever.

...

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