Monica Shah is a seven-figure business coach who helps entrepreneurs build businesses that
support their ideal lifestyles. After receiving her MBA from the Kellogg School of Management and working in marketing for L’Oreal Paris, Monica left corporate to start her first company – and then her second company, Revenue Breakthrough.
Today, she takes her clients step by step through building, growing and expanding their businesses. She combines her business acumen with her intuition and healing abilities to help her clients get unstuck, eliminate self-sabotage and move through fear.
She is also the author of Getting Rich: You’re Doing It Backwards and Pause: 52 Questions that Lead to More Money and Time.
[3:11] Everyone has a role model, who is yours?
Looks up to her dad, came from India with $1,000 and figured out a way to make it all work.
Put Monica on top of conference tables while he worked Saturdays
[6:45] How fast did it take you to get to the balance of $25K in debt?
Debt arose from starting first company
About a year and a few months
[8:46] What were you spending money on?
Living expenses & consumer debt
Rent, making bad business moves
[10:19] What was your turning point and how did you generate the revenue needed to pay off your debt?
You need to put your focus and attention into generating revenue
In school you are not rewarded for income generating activities which is ultimately what pays the bills so learn what to focus on.
[14:24] If you knew then what you know now, what would you have done differently to avoid that debt?
Started on everything sooner
Didn’t make the connection about generating revenue sooner
Build out tribe sooner
[17:12] What would you tell entrepreneurs today who are struggling with money?
Straight into a teaching point- Revenue Tracking
As you grow a business you get busier- you need to learn how to grow your revenue which ultimately makes or breaks businesses
The self journal- bestself.co
[23:7] 30 second elevator pitch for Revenue Breakthrough?
Helps women who are business owners to double income from 12 to 18 months
Change the conversation about money
Figure out sales, marketing
Value Link Round
[24:19] What is your saving or retirement plan?
Revenue goal, profit goal & savings goals
That money goes into savings for retirement
[25:2] Do you have any other books or podcasts you can recommend?
Dan Kennedy – No BS Time Management
The surrender experiment
[26:33] Favorite Quote?
There is no such thing as failure
No matter what I do no matter what I try, when energy is put out, energy is gotten back
[27:32] Parting piece of advice?
When you’re in business there are moments in doing things that you don’t want to do. Remember what you love.