fbpx

Abagail Pumphrey & Emylee Williams

Kiley Peters

Welcome to Eloma

Welcome To Eloma Episode 52 - Scaling a Service Based Business with Abagail Pumphrey and Emylee Williams 

“If the goal is for this to be your full-time income, plus potentially the opportunity for you to scale and eventually move away from delivering the service yourself, it requires you to have an in-depth knowledge of what is needed to sustain your life and lifestyle and grow the kind of business that you want to grow,” explains Abagail Pumphrey. Abagail and Emylee are the co-founders and co-CEOs of Boss Project and the hosts of the chart-topping podcast The Strategy Hour. Together they have helped over 10,000 small business owners grow profitable and sustainable businesses. Today, Abagail and Emylee share their tips for scaling a service-based business. 

A service-based business model is one of the most profitable businesses because there is a lot less upfront cost to get started. This model is very accessible to begin with, but owners still need to be very clear on their long-term goals and have strong boundaries in place in order to scale successfully. One common mistake is undercharging for services and essentially doing a bunch of work for free. It’s important to have a good understanding of the numbers and set appropriate rates if the goal is to generate a full-time income. 

In order to successfully run and scale a service-based business, you have to be really clear on what your long-term goals are, not only for the business itself but also for your personal life. Build your business around your desired life, rather than trying to fit in your life around the business. 

Highlights:

  • “Every time I prioritize holding my boundaries, protecting my creative space, honoring how I want to show up for work and be a leader, and work with my team, every time I prioritize space there and openness and creativeness, we win.” (3:51-4:09 | Emylee)
  • “If the goal is for this to be your full-time income, plus potentially the opportunity for you to scale and eventually move away from delivering the service yourself, it requires you to have a in-depth knowledge of what is needed to sustain your life and lifestyle and grow the kind of business that you want to grow.” (10:31-10:53 | Abagail)
  • “Service-based business owners don't think of how many consequences come from what you're priced at.” (12:15-12:20 | Emylee)
  • “Just cause you're making money doesn't mean you're not working for free.” (14:05-14:07 | Emylee) 
  • “If I am really aware of what I want my personal life to look like, then I can design a business around my life.” (25:16-25:24 | Abagail)


---------------------------------------------------------------------------------------

Listen
Apple Podcasts - Spotify - Google Podcasts - YouTube

Connect with Abagail & Emylee
Instagram| @bossproject
Facebook| Think Creative Collective
YouTube| Boss Project Channel
Pinterest| @bossprojecthq

Podcast| The Strategy Hour
Website| www.bossproject.com

Connect with Welcome to Eloma
Instagram: @WelcometoEloma
Website: WelcometoEloma.com
Weekly Email Newsletter: bit.ly/RIXEmail 

Connect with Kiley
Social: @kileypeters + Linkedin.com/in/kileypeters
Websites: RAYNEIX.com, BrainchildStudios.com, KileyPeters.com
Weekly Email Newsletter: bit.ly/RIXEmail
Email: info@rayneix.com

Kiley Executive Coach & Consultant

Kiley Peters is a serial entrepreneur, national speaker, executive coach, and small business consultant. Having personally counseled over 100 small and medium-sized businesses on operations, business development, digital marketing, and consumer behavior analysis over the last 17 years Kiley is incredibly passionate about serving small business owners. She is the Founder and CEO of Brainchild Studios, a research and business strategy partner for small businesses and mid-market executives, and also created the Work From Home Playbook, a series of online courses guiding aspiring entrepreneurs through the steps of starting a virtual business. With these experiences in her back pocket, she understands the challenges and struggles small business owners encounter. 

more posts by Kiley

Related posts