From $250K in Debt to $300K Profit: How Jaemin Frazer Rebuilt The Insecurity Project, Downsized from a team of 35, Gained Time, Money & Mobility—Helping Leaders Erase Self-Doubt & Unlock Their True Potential. (Episode 674 - Jaemin Frazer)

In this episode of Grow a Small Business, host Troy Trewin interviews Jaemin Frazer, founder of The Insecurity Project, He shares his 15-year journey of turning personal and professional setbacks into success. Starting in 2010, he scaled to 5 full-time equivalents and 30 contractors but faced a $250,000 debt when the model failed. By restructuring, Jaemin now works just 24 hours weekly with his wife, from anywhere in the world, generating impactful results globally. His approach treats personal insecurity as a solvable problem, supported by six books and his innovative coaching framework, empowering ambitious midlifers to eradicate self limiting beliefs so they can show up to life at their best where it matters most.

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Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.

And a snapshot of the final five Grow A Small Business Questions:

1. What do you think is the hardest thing in growing a small business?

According to Jaemin Frazer, the hardest part is backing yourself. It requires resilience, resourcefulness, and staying true to your vision, even when faced with doubts or challenges.

2. What's your favorite business book that has helped you the most?

According to Jaemin Frazer, his favorite business book is "Key Person of Influence" by Daniel Priestley. He highlights its transformative impact on understanding business systems and structure. He also mentions other influential reads like "Awaken the Giant Within" by Tony Robbins and "The 4-Hour Workweek" by Tim Ferriss.

3. Are there any great podcasts or online learning resources you'd recommend to help grow a small business?

According to Jaemin Frazer, he highly recommends the Tim Ferriss podcast and the Key Person of Influence podcast by Glenn Carlson for professional development.

4. What tool or resource would you recommend to grow a small business?

According to Jaemin Frazer, ScoreApp is a powerful tool for growing a small business. This quiz-based lead generation platform effectively gathers data and engages prospects while converting leads more efficiently.

5. What advice would you give yourself on day one of starting out in business?

According to Jaemin Frazer, he would give no advice to his past self. He believes in the importance of learning from struggles without shortcuts, as those experiences add meaning and depth to the journey.

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Quotable quotes from our special Grow A Small Business podcast guest:

Success is a lifestyle built on purpose, not a race to exhaustion – Jaemin Frazer

You can’t build something meaningful without first backing yourself – Jaemin Frazer

Insecurity is solvable, but it demands you confront what you've long avoided – Jaemin Frazer