315 - How to Scale From 7 to 8 Figures with Julie Ellis

Have you ever been curious to learn the mindset of an 8 figure entrepreneur? Then this interview is definitely the one to listen to. Today’s guest is with my client and award-winning entrepreneur, Julie Ellis. Julie Ellis is an author, professional speaker and leadership coach to corporate leaders and scaling Entrepreneurs. Julie provides her unique experience and expertise to her coaching clients, gained through 25 years of working first in the corporate world, and then as a leading Canadian entrepreneur. She is a co-founder of award-winning Mabel’s Labels, one of Canada’s greatest small business success stories. Julie’s book, Big Gorgeous Goals is written for women entrepreneurs who want to step out of the small box they find themselves in and set world domination in their sights. In discussion with over a dozen women entrepreneurs, Julie explores their stories of why and how they have achieved great things in their lives and careers, and pairs that knowledge with her own stories of how she built, grew, and sold her business to a giant in her industry. Show Notes: [2:59] - Julie built Mabel’s Labels with her co-founder to be an 8 figure business before she sold the company to Avery Labels. [4:12] - Her background is in financial planning but she decided she wanted to create something herself. [6:15] - The business quickly grew a following from a grassroots beginning. [8:10] - Take the best action with what you have. [10:09] - Julie and her co-founder continued to innovate and grow the team. They caught the attention of Avery Labels. [11:41] - Julie explains the decision they made to sell the company to Avery Labels. [13:28] - Due diligence is a lot of work. Julie shares some of the challenges faced and lessons learned. [15:58] - What was the mindset that Julie had to adopt to get through the rapid sale of her wildly successful business? [19:35] - Appreciate what happens throughout the journey. [21:05] - Julie got to the point where she wasn’t happy with working for somebody else. [22:45] - If you’re coming from a foundation of fear, you hide. [24:17] - Even the goals you set could be a box you hide within. [25:45] - A “big gorgeous goal” always has an element that you’re not sure how you’re going to accomplish. [30:43] - There’s no growth in your comfort zone. [32:27] - Systems, processes, and people. [34:22] - What does it look like to be an entrepreneur CEO? [35:17] - Julie explains how she finds the things to focus on first. [36:41] - Entrepreneurship means you are constantly growing and learning. [37:58] - How do we shift our mindset away from perfectionism? [39:56] - Delegating can be tough, but it is important. [42:17] - Don’t get discouraged when scaling your business Connect with Julie: Big Gorgeous Goals: How Bold Women Achieve Great Things by Julie Ellis Julie Ellis Home Page Links and Resources: Instagram | LinkedIn | YouTube She Sells with Elyse Archer Home Page Abundance Mini Course Join the $10K Club Apply for the $50K Club Mastermind