The Wealthy Consultant Talks Podcast

In this episode of TWC Talks, host Mike Walker introduces a unique segment featuring a clip from Taylor Welch's program 'The Arena,' emphasizing the critical role of mindset in business success. 'The Arena' is described as an inclusive community offering a curriculum imbued with mindset-enhancing materials. Mike stresses the importance of daily mindset investment and previews Welch's clip titled 'Luck and Dumbness,' recorded on the road to a Nashville event. This episode underscores the belief that consistent effort and a positive mindset can significantly outperform competitors and lead to sustained business growth. Join Arena here: https://arenamastermind.circle.so/checkout/master-the-mind Enjoy the episode and check the links below for more info & Resources Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: (00:00) Welcome to TWC Talks Podcast! (00:40) Introducing The Arena: A Community for Mindset Growth (01:12) The Importance of Mindset in Business Success (01:59) Daily Mind Medicine: A Boost for Your Brain (02:46) Consistency: The Key to Business Longevity (03:31) Understanding the Lag Effect in Business Efforts (04:46) Preview of 'Luck and Dumbness' by Taylor Welch

In this episode of the TWC Talks podcast, Mike Walker, Client Services Director at the Wealthy Consultant, explores the nuanced relationship between client satisfaction and success. He discusses why keeping clients perpetually happy might not always be beneficial for their growth or success. Drawing on his extensive experience, Walker points out that true value for clients often involves challenging them to think differently, embrace discomfort, and trust the process guided by data and expertise. He emphasizes the importance of clear communication, trust-building, and establishing clear boundaries between being a mentor and a friend to effectively guide clients beyond their comfort zones toward achieving their goals. Walker concludes by underscoring the necessity of sticking to reliable and repeatable processes and being unafraid to have tough conversations for the sake of long-term client success and satisfaction. Enjoy the episode and check the links below for more info & Resources Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW:

In this episode of TWC Talks, hosts Mike and Taylor delve into the entrepreneurial experience, discussing the importance of adjusting business models in response to market changes, and the value of attending branding and advertising workshops. They share insights on the challenges of making money online and emphasize the necessity of modifying business strategies ahead of time. The podcast also covers the significance of data analysis in understanding customer preferences, the brutal truth about the current online business landscape, and the essential role of making informed and timely decisions to ensure business survival and growth. Additionally, Taylor shares a personal story to highlight the importance of tough love in business mentorship and the critical need for business owners to invest in skill acquisition and mentorship for success. The discussion concludes with a message on the importance of being selective with business advice and mentors to achieve entrepreneurial success. Enjoy the episode and check the links below for more info & Resources Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW:

In this episode of TWC Talks, host Mike Walker interviews Varti, a Montreal-based music producer and coach. Varti shares his journey from working a high-income corporate job, driven by his parents' advice for success, to pursuing his passion in music production and eventually entrepreneurship. Despite the challenges of leaving a stable income and facing rejections, Varti's determination transformed his passion for music into a lucrative career. Over the last ten years, he not only achieved success as a musician and producer but also transitioned into coaching, helping other producers elevate their music careers. Varti discusses the importance of resilience, having no Plan B, and the power of believing in one's passion. The conversation also touches on Varti's involvement with TWC and how the community and educational programs have been instrumental in his business's growth. Looking forward, Varti plans to focus on team development and leadership to further his coaching business. Enjoy the episode and check the links below for more info & Resources Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW:

In this episode of TWC Talks Podcast, Mike Walker and Taylor Welch discuss the challenges and importance of FTC compliance and ethical persuasion in business. The conversation delves into their recent experience hosting a session in Nashville where they covered the potential dangers businesses face when unaware of FTC regulations, emphasizing the significance of ethical practices in marketing and operations. They share a cautionary tale about a situation where their organization was indirectly involved in a misleading MLM scheme, leading to an FTC investigation. This incident highlights the critical need for businesses to be vigilant about their marketing claims and the impression they leave on consumers. The hosts underscore the learning opportunities that such challenges present, advocating for a proactive approach to business ethics and legal compliance. They conclude by stressing the importance of being audit-ready and having robust systems and processes in place to safeguard against potential legal pitfalls. Enjoy the episode and check the links below for more info & Resources Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW:

In this episode of TWC Talks, host Mike Walker brings a special episode straight from the slopes of Vail, Colorado, during one of the vibrant destination events focused on "People, Ops and Profit." The episode features conversations with Anfernee and Tammy from Taiwan, shedding light on their innovative approach to transforming Taiwanese manufacturers into global private-label brands on Amazon. The duo shares their journey from identifying a gap in their home country's market recognition to empowering manufacturers with the tools to sell directly to consumers, ensuring a more substantial profit margin and control over their brands. They also delve into the cultural shifts and challenges they navigated in introducing a new business model in Taiwan, the importance of personal investment in brand success, and how they overcame growth-related obstacles by optimizing their business strategy. To learn more about the Revolving Price Method book - https://go.wealthyconsultant.com/revolve Enjoy the episode and check the links below for more info & Resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/

In this episode of the TWC Talks podcast, Mike Walker engages in a dynamic conversation with JohnCameron, focusing on the challenges and strategies of engineering exceptional client experiences and building efficient business operations. JohnCameron shares his journey in running Etho, a company dedicated to eradicating disease, and discusses the importance of relinquishing control as a visionary while maintaining a high standard of excellence. The episode delves into the significance of asynchronous communication in maximizing productivity and learning to delegate effectively. Tune in to gain valuable insights into scaling personal expertise and developing a thriving business. To learn more about the Revolving Price Method book - https://go.wealthyconsultant.com/revolve Enjoy the episode and check the links below for more info & Resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/

In this episode of the TWC Talks podcast, Mike Walker and Taylor Welch discuss the economy's current state and how it impacts expert businesses. They share their experiences and insights into the economy, the role of the Federal Reserve, and the challenges businesses face in the current market. They also discuss the importance of pricing strategies and the need to adapt and offer different product tiers to stay competitive. Overall, they provide valuable information and advice for navigating the economic challenges of running an expert business in the current climate. To learn more about the Revolving Price Method book - https://go.wealthyconsultant.com/revolve Enjoy the episode and check the links below for more info & Resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/

In this episode of the TWC Talks podcast, Mike Walker interviews Michael Young, the Founder of Elite Productivity. They discuss how to optimize time and achieve more in a day. Mike Young shares his expertise in helping small business owners, coaches, consultants, and agency owners scale their businesses and create more time and freedom. He explains the importance of shifting the paradigm of time management and adopting a more qualitative approach to time. They also talk about the benefits of simplification, creating space, and implementing effective systems in business.' Enjoy the episode and check the links below for more info & Resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/

In this episode of the Wealthy Consultant Podcast, host Mike Walker interviews guest Lauren Medley, a key member of his team. They discuss the value of live events as a tool for marketing, networking, and client relationship building. Throughout the conversation, Lauren shares her techniques for ensuring the success of each event, from meticulous planning to fostering a strong sense of community among attendees. She also highlights the challenges and advantages of incorporating a virtual component into live events. They also delve into future plans and destinations for their events, demonstrating the significant role of these gatherings in their business growth and community-building efforts. Enjoy the episode and check the links below for more info & Resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/

In Episode 57 of TWC Talks, Mike Walker discusses the paradox where rapid business success can lead to downfall if not managed wisely. He emphasizes the dangers of overextension and diversification, highlighting the importance of focused growth and strategic decision-making. By sharing insights on how to avoid common pitfalls through disciplined approaches and maintaining agility, Walker offers valuable advice to entrepreneurs aiming for sustainable success. This episode serves as a guide for navigating the challenges of scaling a business while preserving the core values and goals that contribute to long-term achievements. Enjoy the episode and check the links below for more info & Resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: Overextension and Diversification as PitfallsThe Importance of Saying NoAvoiding Shiny Object SyndromeThe Laser vs. Flashlight AnalogyThe Challenge of Competing on Multiple FrontsStaying Agile and Responsive to Change Produced by Fimi Collective: https://www.fimicollective.com/

This episode is a recast that originally aired on March 22nd, 2023. On today's episode of TWC Talks, Taylor & Mike discuss delegating effectively as a business owner in the modern world, working with people, running a more efficient business, and growing as a business leader. Enjoy the episode and check the links below for more info & Resources. The Link that Taylor mentioned: https://wealthyconsultant.com/2023/02/27/power-of-pillars/ Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/

In this episode of TWC Talks Podcast, hosts Mike and Taylor are joined by health and performance expert Cole Taylor. They explore the integral role of a person's health in achieving business success and personal fulfillment. Cole shares his journey from athlete and pastor to health coach, highlighting the importance of addressing both the physical and mental aspects of your well-being. The discussion provides actionable insights for entrepreneurs looking to optimize their performance through a holistic approach to health, emphasizing the transformational power of turning personal challenges into opportunities for growth and impact. Enjoy the episode and check the links below for more info & Resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: The Importance of Real-life Applications in Health and BusinessCole Taylor's Background and Transition from Athletics to Health CoachingThe Impact of Health on Business PerformanceThe Misunderstanding of Health Priorities Among EntrepreneursPersonalized Health Protocols and The Role of TestingThe Psychological and Hormonal Differences in Coaching Men and Women Produced by Fimi Collective: https://www.fimicollective.com/

In this episode of TWC Talks, Taylor Welch and Mike Walker delve into the nuances of initiating endeavors in a competitive business landscape. Commencing with New Year greetings, the hosts, Mike and Taylor Welch, reflect on the challenges and opportunities of the upcoming year. Focusing on the central theme of getting started, the conversation unfolds to address the hesitations and decision-making dilemmas individuals face in bringing new offers to the market. They also emphasize the relevance of this topic for both seasoned entrepreneurs and those contemplating a fresh start in the business world. Inside the episode, Taylor and Mike share insights on the traps of overthinking, the importance of decisive action, and the role of self-belief in garnering market acceptance. They touch upon the concept of innovators telling the market what it wants, emphasizing the value of visionary thinking. Additionally, our hosts explore the significance of aligning one's offerings with market demands and maintaining clarity about the core value proposition. This episode concludes with a reminder to eschew over-reliance on formulas and tactics, advocating for the power of decisive, intentional action in the entrepreneurial journey. Enjoy the episode and check the links below for more info & Resources Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: Produced by Fimi Collective: https://www.fimicollective.com/

In this episode of TWC Talks, our host, Mike Walker is joined by Payton Welch, a sales performance expert and he shares valuable insights in today's episode. Payton discusses his journey in the sales space, highlighting key moments that shaped his career. From his initial reluctance to enter sales to his eventual success as a top closer, Payton emphasizes the importance of finding attribution and understanding one's performance patterns. Throughout the conversation, Payton emphasizes the significance of intrapersonal skills—the relationship one has with oneself. He delves into the hierarchy of focus, starting with understanding the product or offer, refining interpersonal skills, and ultimately prioritizing intrapersonal development. Payton advocates for self-documentation through journaling, encouraging individuals to analyze both successful and challenging periods to identify patterns and behaviors that contribute to their performance. Payton suggests that individuals should be intentional about consuming content that fills personal deficits and uplifts them. By creating a stencil of positive behaviors and habits, individuals can better navigate challenging times and maintain peak performance. As a sales performance trainer, Payton works with individuals and teams seeking improvement, even beyond the realm of traditional sales roles. While he doesn't handle management responsibilities, his focus on enhancing intrapersonal skills and optimizing performance makes his services beneficial for those aiming to engineer peak performance in various aspects of their professional lives. Enjoy the episode and check the links below for more info & resources Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: Produced by Fimi Collective: https://www.fimicollective.com/

In this podcast episode, Mike Walker and Taylor Welch take you on a journey through the intricate world of mindset, success, and the internal battles we all grapple with. They kick off with Taylor's daring adventure into a bone-chilling 25-degree cold plunge, using it as a metaphor for the mental challenges we all face. From adulting decisions to early morning workouts, the conversation delves into the power of giving oneself permission to reach new heights. Inside the episode, they arm us with wisdom that emphasizes a crucial point: "It's not their plan that is required; it's their permission." They navigate the twists and turns of the entrepreneurial brain psyche, offering insights and truth bombs that challenge conventional thinking. Join Mike and Taylor as they redefine wealth and explore the intricate dance between mindset, success, and the battles fought within the mind. It's a podcast episode packed with thought-provoking moments and real-talk insights! Enjoy the episode and check the links below for more info & resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: Produced by Fimi Collective: https://www.fimicollective.com/

In this latest episode of TWC Talks, Mike Walker lays down the essentials for navigating personal growth with three key truths. First and foremost, listeners are urged to embrace setbacks and get comfortable with the uncomfortable—a nod to the idea that stumbling is a sign of pushing boundaries. The second truth emphasizes the power of visualization; Mike encourages everyone to turn mental images into tangible roadmaps by jotting down dreams with a pen and paper. Lastly, Mike stresses the importance of the crew. He suggests that success lies in surrounding oneself with a supportive community that aligns with one's hustle and vision. Whether tuning in from various spots or attending TWC events, listeners are invited to let these insights fuel their personal journeys. The TWC tribe is reminded to stay focused in their pursuit of growth and success. Enjoy the episode and check the links below for more info & resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: Produced by Fimi Collective: https://www.fimicollective.com/

In this episode, Mike Walker takes us to one of TWC's in-person events, where he shares his experiences and insights on building a business without compromising your values. A key piece of advice is to fully understand your customer's vision for their future success during onboarding calls. Don't assume their picture of success matches yours - ask questions to understand their goals. Mike also discusses strategically setting client expectations around the client journey. Think about the emotional highs and lows clients may face at different points in working with you. Address potential pain points proactively so clients know what to expect. Additional tips covered include defining time-to-value and key performance indicators to track progress. Conduct quarterly business reviews to set collaborative, measurable 90-day goals with clients. Getting quick wins builds momentum while having aligned visions of success keeps people motivated to push through challenges. Celebrating milestones along the way further reinforces the value clients are getting. Overall the episode provides pragmatic strategies for improving the client experience and nurturing long-term relationships. Enjoy the episode and check the links below for more info & Resources Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: Produced by Fimi Collective: https://www.fimicollective.com/

In this episode, Taylor Welch and Mike Walker discuss the concept of "permission to be wealthy" - giving yourself permission to do less and focus on only the most high-leverage activities. They talk about the process of subtraction and elimination as the path to growth and acceleration. This involves cutting out not just bad activities, but even good activities that aren't the absolute highest leverage. They provide examples from their own businesses of assessing projects through impact, confidence and effort scores. Taylor and Mike emphasize being careful not to eliminate activities that bring you joy and energy. While you can delegate or automate many tasks, you still want to keep engaged in the parts of your business you're passionate about. They warn against entirely replacing yourself or existing your business just for the sake of freeing up time. Instead, focus on buying back time only for the activities you dislike so you can immerse yourself in what you love. Overall, Mike and Taylor provide a thoughtful dialogue around giving yourself permission to focus your time and energy only on your unique genius and the highest leverage activities. But they balance this with the caution not to over-optimize and end up eliminating the parts of your work and life that provide meaning and happiness. Enjoy the episode and check the links below for more info & resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: Produced by Fimi Collective: https://www.fimicollective.com/

Welcome to a special episode of the TWC Talks podcast! Today, we bring you into a moment captured during a top-tier client event, where host Mike Walker discusses strategies for improving customer retention and reducing churn in order to achieve "business immortality". He emphasizes that the business environment is changing rapidly due to the internet and information access. The host advises thinking of business as "human to human" rather than "business to business" or "business to consumer". Building relationships and delivering ongoing value is critical. The host explains that a sale is not finished until the customer achieves their desired outcome. With subscriptions, the relationship begins at purchase, not ends. Therefore, companies need to focus on keeping clients rather than just getting clients. He notes that retention is influenced by the customer's emotions and vision for the future, more than past value received. Creating loyal customers requires anticipating how they feel, communicating consistently, and developing a company-wide service culture. With limitless options, customers will stay loyal if they feel connected on a human level. Enjoy the episode and check the links below for more info & resources. Get an inside look at how to get involved with The Wealthy Consultant https://wealthyconsultant.com/ Our Monthly Printed Memos - Free Trial https://consultingmemo.com/optin-568134011666363883437 See our Portfolio of Brands https://welchequities.com/ OVERVIEW: Learn more about Fimi Collective: https://www.fimicollective.com/