14 February 2013 ~ 9 Comments

Turning Your Business Into An Asset With James Schramko – FA134

Audio Interviews

Do You Have A Business Or Are You Self-Employed?

Out of the hundreds of businesses that I’ve worked with very few had a sellable company. That means that after all the work they put into their business it wasn’t worth anything to anyone else. Even though I’ve call myself a marketing consultant I end up doing a lot of systems consulting so that my client can gain control of their Time, Income & Mobility.

In almost every case my clients don’t have the proper systems — software, hardware and people, in place that would allow them to 1) have a life outside of work and 2) have an asset that they can sell or retire from.

Another area I work with my clients on is to take some of their net profits and invest them into other cash-producing assets and even to just set aside some cash for savings.

You’ll learn about these systems in this episode and more as James Schramko and I discuss building and accumulating assets. One of the reasons I like having James guest co-host the show is that he is so open with how he is building his business that you, dear listener, get true insider information you can use in your business.

Enjoy your Foolish Adventure,

Tim “Wealthified” Conley

FA134 – Turning Your Business & Income Into Assets With James Schramko




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  • http://tradlands.com/ Jeremy

    James Shramko you are a beast. This is amazing content again.

    I only launched my business last week (1st business) so I almost have no idea what you are talking about because I am so green but greatly look forward to the day where I understand completely and can implement it all into my business.

    I mean, I understand vaguely things like automation, employees, cashflow, assets, various bank accts, and so on, but have not been in the game long enough to have come across many of those roads.

  • http://AuthorityAgent.com/ Craig Ernst

    Another great one with James! It’s very cool to hear you guys sharing info on vital topics many small business owners never even consider.

    The segment on cash flow alone is pure gold. I’ve personally seen a number of otherwise profitable small businesses go broke (or come close to it) because they handled their cash flow foolishly— and not in a good “foolish” way! :P

  • http://www.HireYourVirtualAssistant.com Owen McGab Enaohwo

    @james what are you currently using to create and document the Standard Operating Procedures for your business?

  • http://www.michaelerickson.me/ Mike Erickson

    Tim – A phenomenal podcast.
    With this, you entered my required listening. It’s rare that I learn so much – I’m talking mindset elevation – from a podcast.

    Cheers man – interview skills are spot on.

  • http://www.lazybastardlife.com Jason

    Something to get me pumped for my morning commute tomorrow. Dare I say I’m excited for Monday?

  • http://FoolishAdventure.com Tim Conley

    Thanks, Mike.

  • http://FoolishAdventure.com Tim Conley

    I hope the show doesn’t disappoint and it turns your commute into business building exercise.

  • Tyrone

    so good i think i am going to listen to it again :)

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