How One Unchecked Spam Folder Almost Cost Me $150,000

Episode 212 of the We Live to Build podcast, hosted by Sean Weisbrot, titled "How One Unchecked Spam Folder Almost Cost Me $150,000" was published on August 10, 2024 and runs 49 minutes.

August 10, 2024 ·49m · We Live to Build

Summary

How One Unchecked Spam Folder Almost Cost Me $150,000. In this interview, Forte Consulting co-founder Hope Timberlake shares the "effing scary" wake-up call she received after an unfiled 401k form, lost in her spam folder, triggered a potential IRS penalty of $500 per day. She explains how this one administrative oversight could have cost her nearly $150,000 and the valuable lessons it taught her about the backend of a business. Hope also reveals the liberating "ego lesson" she learned when she realized her clients didn't care if she delegated work, the mistake of hiring people at too low of a rate, and how hiring her first virtual assistant grew her business by 50%. Check out the company: https://fortesf.comBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - How My Entrepreneur Father Inspired Me04:24 - Why We Didn't Raise Prices During the Pandemic08:37 - The Guilt of Prioritizing My Business Over My Kids12:39 - How I Wrote a Book (But Gained 15 Pounds)17:00 - The "Ego Lesson": Realizing My Clients Don't Need Me21:00 - How I Learned to Stop Being a Control Freak24:56 - The Mistake of Hiring People at Too Low of a Rate29:25 - How an Unchecked Spam Folder Almost Cost Me $150,00033:35 - Why I'm Craving a Life Off-Screen37:39 - How Our First VA Grew Our Business by 50%41:55 - The Power of a Peer Mastermind45:57 - To Sell or Not to Sell: Why We Turned Down an Acquisition📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.aiLeave a Review (it truly helps us grow): https://welivetobuild.com/reviewHow I Made $15M: https://welivetobuild.com/networkSubscribe on YouTube: https://youtube.com/@seanweisbrotFollow Sean on LinkedIn: https://linkedin.com/in/seanweisbrot Hosted on Acast. See acast.com/privacy for more information.

Episode Description