Building Legacy Wealth: The $40M Strategy to Secure Your Family’s Future (Hot Seat Coaching)
CRAFTED Millionaire
Cayla Craft
4.8 • 1.3K Ratings
🗓️ 30 September 2024
⏱️ 21 minutes
🧾️ Download transcript
Summary
Is pursuing multiple income streams distracting you from reaching your ultimate business potential?
In this episode of Crafted Entrepreneur, I sit down with Tiffany Welsh, a successful business owner on Cape Cod, who seeks guidance on creating additional income streams alongside her construction business. Tiffany opens up about the challenges of managing a thriving business while exploring new passions, and together, we dive into the idea of turning distractions into a laser-focused strategy for scaling.
Throughout this powerful Hot Seat Coaching session, we explore the mindset and steps needed to take a business from millions to tens of millions in revenue. We discuss the value of focusing on what works, overcoming distractions, and building a business that aligns with your larger vision and legacy.
Episode Highlights
- The Power of Focus: Why focusing on scaling your primary business is more impactful than pursuing multiple side ventures.
- Mindset Shift: How to embody the mindset of the next-level version of yourself to reach your business goals.
- Building a Legacy: Creating a family business that not only supports your community but also provides long-term security.
- Attracting Top Talent: Strategies for creating a company culture that attracts and retains top talent, even in challenging markets.
- Planning for Growth: Why it's crucial to map out your business numbers and set milestones to reach your financial goals.
Key Moments
- 01:05 - 01:26: Introduction to Tiffany Welsh and the intention behind this hot seat coaching session.
- 02:19 - 03:00: Tiffany’s current success in the construction business and the desire for an additional income stream.
- 03:21 - 03:55: The importance of focusing on scaling the existing business to $40 million and beyond.
- 06:13 - 06:43: Envisioning a company culture that emphasizes leadership and personal development for employees.
- 09:35 - 10:04: Setting up systems and support to attract top talent while scaling the business.
- 14:57 - 15:29: Avoiding distractions by focusing on local growth and building a solid foundation before expanding globally.
Links + Resources:
- Are you charging what you're worth? Grab my free Profit Accelerator Pack for Coaches and stop leaving money on the table.
- Discover Your True Desires: Get my book What Do You Really Want? to uncover the path to more abundance, meaning, and connection.
- Achieve Your Goals with Executive Coaching: Apply for personalized coaching and unlock your full potential with my executive coaching program.
- Maximize Your Impact with GameChangers: Increase your income, portfolio, and impact by joining GameChangers. Get started today!
- Stay Informed and Inspired: Stay up-to-date with all my latest insights, tips, and resources by visiting my site. Visit CaylaCraft.com
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Transcript
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| 0:00.0 | Like if you were laser focused 40 hours a week on on getting your guys |
| 0:05.8 | is infrastructure built where could you be 12 months from now? So, Welcome back to Crafted Entrepreneur. |
| 0:28.0 | So I have started a new series where I'm going to be doing hot seat coaching for those of you who |
| 0:38.0 | absolutely love to watch other people have a transformation because it gives you your own |
| 0:43.8 | breakthrough in some way. So right now you're going to listen into a quick 15 minute |
| 0:49.2 | coaching session I did with one of my amazing Instagram friends. |
| 0:54.3 | We've been following each other for quite some years over there |
| 0:58.2 | and she filled out a form to get coached. |
| 1:01.4 | Her name is Tiffany Welsh. Her and her husband own a construction |
| 1:04.2 | business and I know she came on for one thing but she ended up leaving with |
| 1:09.0 | something completely different and I am so pumped for you guys to listen in and have your own breakthrough. |
| 1:15.5 | Yay, okay, so we're gonna get right into it to introduce people in a like 30 second story, |
| 1:21.8 | who are you, where are you from and what brought you to |
| 1:25.3 | hot seat coaching today okay so I'm Tiffany Welsh I live on Cape Cod in |
| 1:31.1 | Massachusetts I have three kids that I homeschool full-time and my |
| 1:35.8 | husband and I own a construction design a build firm here on the cape and today I'm doing hot sea coaching because I'd love to figure out another income strain we love the construction |
| 1:51.7 | Business but I feel like we want to do something that gives back in a different way and creates additional income streams. |
| 1:59.7 | And I know that's your gem and what you're really good at. So that's why I signed up. |
| 2:05.0 | Okay, so let's start off with like what is the need? |
| 2:10.5 | Are you guys making a lot of money in construction or why are you looking, you know what I mean? |
| 2:14.4 | Like what's, is it a distraction to have another income stream? Explain that to me. |
| 2:19.2 | Okay, so we make plenty of money in this business. |
... |
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