EP 206: Choosing Between Two Businesses With Grace & Vine Founder Madison Wetherill

Published: May 14, 2019, 11 a.m.

b'The Nitty-Gritty:\\n\\n\\n\\n* Why Madison Wetherill found herself the owner of two small businesses\\u2014and how she knew something had to change about the way she was managing them* How Madison came to think of herself as a \\u201cbusy person\\u201d and why that impacted the way she structured her time* What she noticed about the way she was spending her time and how it related to the results she was creating* The way she restructured her priorities and found a new\\u2014more productive\\u2014set of responsibilities that help her drive revenue\\n\\n\\n\\n\\n\\nI just got home from talking with the new manager of my climbing gym.\\n\\n\\n\\nWait: don\\u2019t fast forward\\u2026 this isn\\u2019t yet another story about how fitness is like business.\\n\\n\\n\\nI was there to talk to him about a job.\\n\\n\\n\\nAs in, a job that I am considering taking\\u2026\\n\\n\\n\\nOf course, I don\\u2019t need this job. It would simply be a way for me to continue learning and sharing my passion for climbing.\\n\\n\\n\\nThey\\u2019ll pay me; but it literally isn\\u2019t about the money.\\n\\n\\n\\nBecause, as you can imagine, the numbers don\\u2019t add up.\\n\\n\\n\\nThis month, we\\u2019re talking about running our businesses by the numbers, looking at the way we spend our time, make decisions, and plan.\\n\\n\\n\\nI\\u2019ve already been working at my climbing gym\\u2014just an hour per week teaching beginners how to boulder. I haven\\u2019t been paid this little per hour since 2004.\\n\\n\\n\\nTaking on some additional responsibility and exploring a new skill set won\\u2019t get me any big pay raise. Actually, it won\\u2019t get me any pay raise.\\n\\n\\n\\nMy priorities are clear. My life & business come first. This job\\u2014no matter how much I might enjoy it\\u2014comes second. If I take it, I\\u2019m confident I\\u2019ll do great and show serious commitment. I\\u2019ll be an asset to the gym. And I\\u2019ll learn some new things along the way.\\n\\n\\n\\nUnfortunately, our priorities aren\\u2019t always that cut and dry.\\n\\n\\n\\nIt can be tough to know whether the thing you\\u2019re spending time on is paying the dividends you need it to\\u2014whether those are financial or otherwise.\\n\\n\\n\\nMadison Wetherill\\u2014a food blogger and the founder of Grace & Vine, a web design studio\\u2014found this to be the case late last year when she realized that her food blog was taking up most of her time but her web design studio was producing serious financial results.\\n\\n\\n\\nIt was time to make a decision and get her priorities straight.\\n\\n\\n\\nMadison and I chat about how she ended up with 2 businesses in the first place, how she knew something needed to change, and how her workdays have changed now that she\\u2019s reprioritized her businesses. We also discuss how she\\u2019s becoming aware of her identity as a busy person\\u2014and the challenges that creates.\\n\\n\\n\\nHave you made an important decision in your business because you got real with the numbers? Have you discovered a new opportunity right under your nose when you examined your traffic, profit margin, or conversion rate? We want to hear about it!\\n\\n\\n\\nShare your story on Instagram and tag me, @tara_mcmullin and use the hashtag #explorewhatworks.\\n\\n\\n\\nNow, let\\u2019s find out what works for Madison Wetherill!\\n\\n\\n\\n\\n\\nWhat Works Is Brought To You By'