Alexis Fedor

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Ep. 223 – The Important Factor You Need To Conquer To Create A Sustainable Business With Your Art

March 15, 2019 By Alexis Fedor

http://traffic.libsyn.com/artistsinbusiness/Artists20In20Business20EP223.mp3

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Why Stepping Away From Your Business This Time Of Year Is CounterproductiveDid you know that there was something more important that you needed to conquer before you actually begin to make 6 figures as a business owner?

That thing that you need to conquer or have an awareness of is what I want to share with you today.

Last week I was talking about the significance of making 6-figures as an artist in business, especially on the online space.

Now to clarify more on this, when we speak about making 6-figures this does not mean that you personally have made that amount. What we mean is that your business made 6-figures and can now afford to pay you a salary from that 6-figures.

For those of you just starting out, you might be thinking I just made my first $1,000 what does that mean for me?

It is a little bit different when you are just starting out. When you make your first $1000 what you need to look at is, how much do you need to take out of that and what is the bare minimum you can use out of what you made to reinvest to duplicate your results?

This is what you want to do to begin to build your business and have a snowball effect.

Now the question is what is the hardest part when you first make this money? Is it actually making that amount of money or what happens to you when that money comes to you for the very first time?

I started sharing a bit of my story of what happened when I made my first 6-figures as a consultant and an online marketing strategist.

If you missed that story then to hear about it just CLICK HERE!

When I made my first 6-figures I should have been excited but what happened was I ended up being in shock. I become like a deer in headlights.

I was unsure why I was so uncomfortable with the fact that I made this amount of money but I had the urge to use that money to help me grow even further. I wanted to hire a coach to assist me with this growth.

What ended up happening was that I found a coach that was not the best fit for me at that time and charged more than I was able to afford to pay at that time. She charged $34,000 to work for her for the year.

You might be thinking who in the world spends that much to work with a coach? Now big companies that make multiple 6-figures or millions in their business do hire coaches for that amount because they can afford to and make back the cost right away.

Now when l went back through my revenue and was figuring out what I had done I realized by giving away that $34,000 to this coach brought my revenue down to exactly what my parents made when I was growing up as teachers combined.

Next week I want to dive further into the lesson I learned from this in the meantime in the comments below the video let me know when you sit with the amount of money you envision yourself making in your business, how does it make you feel?

CLICK HERE to Leave Your Questions About the Episode!
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Praise

  • Working with Alexis helped give me the clarity I needed to target my goals and create a solid foundation so that I could begin to THRIVE as an artist/ entrepreneur. She was the missing link I needed to help bridge my ideas into reality. Not only is she extremely kind and patient but most importantly… she knows her stuff! I feel so fortunate to have had the chance to work with her and I know you’ll be too! Take the leap to the next level!

    Fiona Bates, Actor
  • Alexis is one of the greatest listeners I’ve had the pleasure of working with. Her ability to listen leads to her offering intuitive and enlightening advice for your business and your life, opens doors you didn’t know were possible or wouldn’t have otherwise known were there! While working with Alexis, I experienced monumental shifts in my thinking every single week, giving me more clarity and confidence as an artist and as a business person.

    Jillian Walker, Actor/Musician/Entrepreneur/Thought Leader
  • Working with Alexis, I feel like a weight has been lifted off my shoulders and I feel much more hopeful for the future, because now I know exactly what steps I need take to change my financial situation. Now I understand that only I can make my financial situation better by taking action right now and that my acting career will absolutely benefit from the energy I put into being more lucrative by taking the steps Alexis helped me discover. Her positive encouragement was essential to this process, she was always very supportive and responsive to any questions I had. I’m so thankful I was introduced to Alexis, it sounds cheesy, but honestly, she helped me change my life for the better.

    Bonnie White, Actor
  • Alexis Fedor is a consummate professional with the uncanny capacity to understand what your business’ needs are before you even know them yourself. Beyond diagnosis, she is able to structure systems to help you meet those needs in manageable, sustainable ways. Plus, she is the dearest, kindest creature on the planet- be ready for an enjoyable and productive ride!

    Caley Vickerman, Guerilla Haiku
  • Alexis edited my e-book PURGED, The Literal Regurgitation of an Anorexic Bulimic. I was instantly comfortable with her, feeling confident that she valued my work and had my best interests at heart. Her nature is very nurturing and gentle which were necessary for me as PURGED is an extremely personal and often difficult story to tread through. Alexis was aware and sensitive to this. She helped turn my coherent, although disorganized, written thoughts into a piece of work that I was proud to publish.

    Shane K. Rotkis, Author
  • Resourceful and sophisticated, Alexis has cutting edge knowledge of social media opportunities and can tailor a strategy accordingly. I fully recommend her.

    Mady J. Schuman, Senior Vice President, Campaign and Leadership Giving, American Cancer Society, NYC
  • Alexis Fedor understands the fundamentals of building a successful business. She cut her teeth on trial + error and by taking risks and diving into the backcountry of the entrepreneurial world. Her expertise is hard sought and her accomplishments well earned. I’ve had the privilege of stepping behind the scenes. Trust me – you will be dazzled. 

    Janice Hoffmann, Project Coach/Field guide/Creator of Creative Trails
  • I learned more about business development, online marketing and social media in one hour with Alexis than I had on my own for four years. I trusted her immediately, for good reason. I hired her immediately for my clients, and we were thrilled with the results.

    Roger Webster, Webster Light Grant Communications
  • Alexis has wit, charm and confidence that comes from understanding how a business needs to operate. It is from this place that she creates business plans that align with your goals as a company ready to grow. Stick with her. She will help you turn your business around with precision and grace.

    Alison West, Owner, Yoga Union NYC
  • Alexis’ energy precedes her when she walks into a room. To know her is a gift. To work with her is good news for your spirit and your business. She has both sides of the brain working in all the right ways.

    Mack Burns, CEO, Body And Mind Works
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