Get on Track Jim Adams

Join me as I share insights gained from the high-speed world of IMSA racing and the nuances of personal branding. Listen in as I unpack the financial juggernaut of competing in various classes of the IMSA series and what it truly means to chase that 'IMSA money'. I explore the hefty investments required for racing dreams and reflect on the sobering parallels drawn between the personal branding sphere and the contentious multi-level marketing strategies. 
Venture with me into a thought-provoking discussion on the power of aligning your career with your passions, breaking down the common misconceptions about money mindset, and the actual roadblocks that could be stifling your growth.
In this episode, you will hear about:
The financial investment needed for IMSA racing and the concept of 'IMSA money.' Comparisons between personal branding in racing and multi-level marketing tactics. The qualifications and expertise required to become a top-paid racing coach. The importance of capacity over mindset when creating opportunities and building a personal brand. Strategies for expanding one's capacity for opportunity creation in life and business. Resources from this episode:
IMSA Link: https://www.imsa.com/ 
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Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com. Let them know we sent you.

Have you ever clung to the common wisdom that a business must spend a certain percentage of sales on marketing only to see mediocre results? Strap in as we shatter that myth and demonstrate how tailoring your strategy to your business's needs can unlock unprecedented growth. In this episode, we dive into the concept of a 'Biggest Problem Strategy' with a focus on an auto repair business case study. We'll unravel why a blanket 3% spend on advertising might be completely off the mark for you. It's a masterclass in making strategic business decisions that resonate with where your business truly stands.
Then, we dive into a second case study of a shed-selling company that metamorphosed from a small operation into a $6 million powerhouse thanks to a smart, nimble investment in its digital presence. We're talking about a venture that scaled its online marketing investment flexibly, relying on its order backlog as a guide. 
For entrepreneurs hungry to learn from real-world examples and eager to apply these insights, this episode is your playbook for success.
In this episode, you will hear about:
Challenging the norm by tailoring business strategies instead of adhering to arbitrary industry averages. Using diagnostic methods inspired by Einstein to deeply understand business problems before finding solutions. Critical examination of financial metrics like margins, billable hours, and customer value for informed decision-making. Success story of a shed-selling business that grew to a $6 million enterprise through strategic online marketing and website investment. Dynamic adjustment of marketing budgets based on order backlogs to maximize profitability. Importance of a 'biggest problem strategy' to focus resources effectively and drive business growth. Follow and Review:
We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.
Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com. Let them know we sent you.

Unlock the secrets to a seven-figure profit margin and shift your high-growth business from just bustling to truly booming. I take you through the essential steps to not only manage your substantial revenue but also maximize it, ensuring that every dollar works just as hard as you do. With a keen focus on establishing a pre-planned profit model, I break down why treating profit as an intentional expense can rewrite your financial narrative.
Gear up for a high-octane discussion on the power of incremental revenue increases and their outsized effects on your bottom line. I illustrate how even the smallest uptick in sales, when coupled with controlled overhead costs, can launch your profits into a new stratosphere. Whether we’re discussing the intricacies of navigating the business world or the thrills of the track, I'm here to fuel both your professional and personal passions. 
So lock in; it's time to accelerate your business savvy and match the speed of your ambitions.
In this episode, you will hear about:
Strategies for transitioning from high-revenue to seven-figure profit businesses. Importance of financial controls and pre-planned profit models to ensure sustainability and diverse exit options. Incremental revenue increases and maintaining overhead costs can significantly boost profits. Weekly tracking of leading metrics over monthly variance analysis for agile business management. Offering personal assistance with financial data interpretation to maximize the profit model. Emphasis on adaptability and preparedness using lessons from past economic downturns for business success. Follow and Review:
We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.
Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com. Let them know we sent you. 

Listen in as I sit down with fellow speed enthusiast and CPA Jay Tompkins to explore the intersection of high-octane racing and meticulous financial planning. Jay shares invaluable insights on managing the costs of our racing pursuits, including how to navigate sponsorships and the twists and turns of tax law for drivers aiming to write off expenses.
From discussing the journey through various racing leagues to a 24-hour endurance race at VIR, we cover the essence of competition and camaraderie. Hear about the critical role of tire strategy, car setups, and the inevitable mechanical issues that test a team's mettle. Beyond the checkered flag, we also delve into the business aspects of racing, such as car ownership transitions and the complexities of racing logistics.
Jay and I emphasize the importance of long-term vision in scaling businesses, the significance of leading versus lagging metrics, and how having clear financial visibility is akin to racing with a clean windshield. For those of you running your businesses with the precision of a pit crew, this conversation is packed with guidance on building your team, structuring your company, and managing your finances to ensure you're always in pole position.
In this episode, you will hear about:
Managing racing expenses, sponsorships, and tax deductions beneficial to racers. Operational aspects of racing, including car ownership changes and logistics of nationwide races. The importance of transitioning from cash-based to accrual accounting for clear financial visibility in business. The value of long-term strategic planning in scaling businesses and creating viable exit strategies. The necessity of consulting with a certified tax professional for optimizing business tax situations. Resources from this episode:
LinkedIn: https://www.linkedin.com/in/jaytompkins/
Follow and Review:
We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.
Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com. Let them know we sent you.

Join me as I unpack the often-misunderstood reasons behind business failures and how mastering a spectrum of skills from sales to financial management is critical for success. This conversation is not just about pointing out the flaws but also about arming you with the tools and knowledge to overcome these hurdles. I’ll debunk the myth that word-of-mouth is the be-all and end-all of advertising and crack open the complexity of effective communication, which is more than just talk but a pivotal skill that could make or break your business.
Discover the transformational impact of assembling the right team to shore up your weaknesses, the value of strong operational systems, and the advantages of outsourcing key business functions to experts. Whether you're looking for strategies to navigate the tumultuous times and inflation or simply seeking to enhance your business acumen, this episode is an essential resource for entrepreneurs at any stage.
In this episode, you will hear about:
Common business misconceptions and the essential skills needed for success. Personal growth and the role of mentors in overcoming economic challenges. The importance of having a strong team and operational systems in place. The power of personal growth and hiring the right team to complement weaknesses. Creating a business that can withstand crises. Follow and Review:
We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.
Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com. Let them know we sent you.

Ever wondered why some businesses emerge from crises stronger while others flounder? Join me as we dissect the art of navigating business growth through choppy waters. Drawing from the hard-earned wisdom of my own entrepreneurial journey, we'll tackle the inevitable challenges that come with the territory, from the 2008 financial crisis to the unpredictability of a global pandemic. It's not simply about surviving; it's about thriving by embracing personal and business development through strategic mentorship and by identifying when and how to chart your path toward an effective exit strategy.
I've always believed in being a force for positive change, whether that’s helping a fellow entrepreneur, delighting customers, or assisting a professional coach in broadening their reach. Looking ahead, we're set to unpack the tools and personal growth strategies that are the bedrock of professional success. Gear up for a journey filled with insights, as I'm here to ensure that every entrepreneur who tunes in walks away empowered and ready to take the helm of their business destiny.
In this episode, you will hear about:
Strategies for business growth and resilience. Importance of personal development, coaching, and strategic masterminds for business success. The necessity of an early exit strategy as a part of the business plan. Practical advice on creating sustainable business models and avoiding excessive spending on motivational seminars. Follow and Review:
We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.
Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com. Let them know we sent you.