From Idea to Success: Strategies for Building a Business

According to the U.S. Bureau of Labor Statistics, about 20% of small businesses fail in their first year, and about 50% of small businesses fail in their fifth year. With stats like that, I can understand why some might be scared of taking the leap into business, but that fear could be holding you back from the potential to do something you love and earn more. Entrepreneurship is filled with twists and turns, so getting mentorship or help from someone who has taken that road before can make the journey smoother for you. In this episode, Philip Taylor shares his story of building FinCon, taking business risks, hiring your team, managing costs, and strategies to build and grow your business. Philip Taylor, aka PT, lives in Frisco, TX, with his wife and their three young children. Philip is a CPA, blogger, podcaster, and the entrepreneur behind FinCon, the industry-leading event and community hub for personal finance media/influencers. If you have a successful business, let alone two, you’re definitely beating the odds, so PT shares a lot of actionable business advice in this episode.

Thank You!

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Strategies for Building a Business Episode Details

  • Why Philip Taylor started FinCon
  • How to handle risk in business
  • Why and what to ask your customers to help shape your business
  • Ways to get attendees and customers to come back
  • The most important thing to focus on for your customers
  • Strategies you can use to grow your business
  • How to show your customer the value you proved to them
  • Balancing spending money and making money in business
  • Tips for hiring contractors and employees
  • Making money off of websites
  • How to start a blog today and how it’s different from the past

Strategies for Building a Business Resources

More podcasts: How to Side Hustle for Extra Money with Philip Taylor

Reserve Your Pass for #MilMoneyCon23

MilMoneyCon is the annual event for financial professionals united by military service. Its mission is to bring service members, veterans, and military spouses together to build and progress their careers, continue their education, and grow their earning power as practicing or rising financial professionals. MilMoneyCon23 is happening April 27-29, 2023, in Nashville, TN. Attending the annual conference gets you connected with the biggest community of military financial planners, coaches, counselors, candidates, and educators. It’s a place to find employment and money-making opportunities, increase earning power, and continue your education. Reserve your pass at

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Disclosure These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I will only put affiliate links that align with our podcast discussion. If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.