She Has 5 Kids and Is Making THIS MUCH Per Month? With Kim Ades


In Episode #250 Nathan interviews Kim Ades, president of Frame Of Mind coaching. Kim’s a performance coaching expert who helps people to examine and shift their thinking using a unique system of journaling. Listen to Kim and Nathan talk performance coaching, the details of Kim’s business success, and how to be an entrepreneur with kids.

Famous 5

  • Favorite Book? – Scaling Up
  • What CEO do you follow? — Richard Branson
  • What is your favorite online tool?— Dropbox
  • Do you get 8 hours of sleep?— Absolutely not
  • If you could let your 20 year old self know one thing, what would it be?— That everything would be fine

Time Stamped Show Notes:

  • 01:10 – Nathan’s introduction
  • 01:40 – Welcoming Kim to the show
  • 01:55 – Kim now licenses out journaling software developed in her company
  • 02:15 – Licensed for $69 per month to around 400 subscribers
  • 02:31 – Main revenue stream is from coaching at Frame of Mind
  • 03:17 – Prices range from $3600-$10,000 for 10 weeks of coaching
  • 04:24 – Total coaching revenue $600,000 in 2015
  • 05:03 – Business employs 18 coaches
  • 05:50 – Main expenses are phone lines, internet and support staff
  • 06:29 – Overhead around $18,000 per month
  • 07:02 – Revenues split between Kim and the coaches
  • 08:01 – How Kim runs her business with 5 kids
  • 08:30 – “Be where you are” – focus on home at home, and work at work
  • 09:15 – Are you raising your kids to think like entrepreneurs?
  • 09:40 – How Kim’s kids are running their own businesses
  • 11:00 – Managing allowances and jobs
  • 14:50 – Famous Five

3 Key Points:

  1. Don’t panic. Even when times are incredibly challenging, you’ll get through them.
  2. Changing your mindset is the most important step to improving your performance. Take time to reflect on how you’re thinking.
  3. If you have kids, teach them that they have to work for their success.

Resources Mentioned:

  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
  • Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.

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