Taylor Welch
Taylor Welch

@taylorawelch

28 Tweets Jan 20, 2023
I got called out on Twitter for being lazy in my posts lately šŸ˜…
When I resigned from the holding company in June, I took a few weeks to redesign what I wanted.
From 2014 to 2021, I was hauling.
Didn’t really pause more than a few days and never got out ā€œbeyondā€ the next decade regarding vision. This led to fatigue, and burnout. Burnout doesn’t come from working too hard, it comes from not knowing where you’re going.
So in the summer, I designed.
And then began to execute.
Some lessons and some updates:
āž”ļø Having something small but healthy is better than big & unhealthy
They don’t have to be dichotomies, but sometimes you can get lost in the size of a thing and forget about it’s infrastructure.
The greatest competitive advantage you can build into your business is excellence.
Excellence at every level, in every position. You build this excellence when it’s small…
āž”ļø Traditional holdings companies are centralizing, but the world’s moving the opposite direction
I wanted to decentralize. The further you can push quality decisions OUT to the frontlines, the faster the organizations can make decisions.
No more bottlenecking things at the top, I wanted high quality thinkers everywhere and doing that requires (a) ownership and (b) systems
āž”ļø Regarding ownership, I want as many people in my projects to have ownership as possible…
That doesn’t mean I need business partners in the traditional sense, it means I want everyone around me to be partnered in the mission and the vision.
In March, I got to hang with the previous owner of a HUGE store that sold a couple years ago.
He had 50,000 employees, stores in every Mall in America…
I said ā€œwhat would you have done differently?
ā€ He said ā€œI would’ve given ownership to the frontlines earlier.ā€ The thing that made the org take off was pushing equity opportunities to store managers and even assistant managers.
Everyone could participate in the upside of their efforts.
If structure correctly, this is wise and it’s what I set about trying to learn.
āž”ļø Focus is a secret weapon, and I had violated the law of focus
There were too many initiatives in too many places. I couldn’t keep up.
ā€The next season,ā€ I said, ā€œwill include discipline and focus.ā€
A friend that I really respect told me in May of this year, ā€œIf you’re focused, I would not want to compete with you.
If I had to compete with you, I’d just try to get you taking on so many opportunities you couldn’t focus on me.ā€
āž”ļø Long walks with no phone
My barometer on ā€œhealthyā€ became this question: am I walking or am I running? No margin = run everywhere with your hair on fire.
With margin, you can walk and move faster than everyone around you (cause they’re running in circles).
Since JUNE I’ve been creating a portfolio of service agencies.
āœ… Paid media
āœ… Content agency
āœ… Copywriting house (this is a gnarly one… we are in process of beta testing an AI to run parts of this copywriting house that will be pretty incredible once it’s finished)
āœ… Sales ops agency
Why the agencies?
Because while everyone else is trading consulting for equity in training brands… I want the portfolio to actually GROW the brands.
I’m finally in a position now where I can take a piece of a training/education company and run it through the service portfolio.
And magic… it GROWS.
Yesterday I signed to sit on the board of advisors with minority share in a solar company. We are going to figure out how to add this to our commercial development company.
The Wealthy Consultant is the first training company to ā€œtestā€ the services portfolio, and it’s working.
I have no ā€œbillion dollarā€ targets at the moment because I don’t need it.
Those don’t work for me.
I have a wife and a daughter, with a son on the way.
They’re well fed and we get to do what we enjoy. Haven’t really had money constraints in a long time…
BUT one thing I have found, is money constraints at this level originate and torment you in the MIND, not in reality.
I know rich AF people who feel broke because they lost a thousand dollars.
They have enough cash in the bank to live 10 lifetimes without ever working again — but money is useless unless it’s USED. They won’t use it. And they feel broke constantly.
There are games you play with money that make it fun but ultimately — the utility of money is to serve humans who need it.
One of my friends has a goal to decentralize education to the masses. Check — he’ll do it because it’s missional.
Another good friend is called to eradicate trafficking and needs billions of dollars to do it. Check — mission.
If you don’t have this level of mission (which is fine if you DON’T have it, don’t let anyone tell you there’s anything wrong with you), it just means you really don’t need more than the lifestyle burn you want to live.
Enjoyment, fulfillment, happiness… these things come from GROWTH, not from cash balances or even income.
The more you grow, the more happy you are.
This is one of the coolest growth seasons I can remember in a long time...
And I will make less money this year than last year lol.
Who cares.
I have ENOUGH and the people around me are happy.
I’m sure next year I’ll have more.
Then more the year after that.
Accumulation of resource creates more accumulation of resource.
But without the moments, it’s all pointless.
Sometimes you need to get excited about a six figure idea before you have the perspective to tackle a seven figure idea. Sometimes you need a seven figure experience before you decide you want an 8 figure experience.
I think anyone telling YOU what your goals should be on social media is deranged. There is some utility in being insane. Being ā€œobsessedā€ about ONE THING can absolutely guarantee you get that ONE THING…
But many are really missing out because they’re too obsessed with numbers and figures that mean literally nothing over the course of a 100 year period.
Be what you want to be.
Laugh a lot.
Work out, control the things you can control, pay for other peoples food, do nice things for people who will never see you again and can’t ā€œreturn the favor.ā€
Your happiness meter will skyrocket and you’ll probably make more money as a byproduct.
RANT OVER.

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