In this article we cover:
– The importance and benefits of having a business mentor
– James Schramko’s background
– Mentorship programs
– Contact James
– Resources and blog
The importance and benefits of having a business mentor
A business mentor can play a crucial role in helping business owners and professionals achieve their full potential. They are usually experienced entrepreneurs in their own right. Their personalized insights, practical advice, and real-world experience gained through building their own success are a huge aid to mentees as they navigate complex challenges in their industry.
One of the main benefits of having a good mentor is their ability to accelerate professional growth. Business mentors offer support and expertise that goes beyond textbooks or traditional learning, helping their mentees develop critical skills, recognize opportunities for advancement, and sidestep common pitfalls.
A mentor’s guidance in decision-making and strategy formulation is often invaluable, especially for those looking to scale their business or refine their leadership capabilities.
James Schramko’s background
Before James Schramko became a business mentor, he was a General Manager for Mercedes-Benz in Australia. He ran dealerships manned by teams of 70 to 100 people, that generated $50 to $100 million in revenue a year.
Sixteen years ago, James left his high-paying post to pursue his own business, online. Since then he’s mentored over 3,500 people online, including many successful entrepreneurs like Ryan Levesque, Pat Flynn and Ezra Firestone. His current portfolio of students and partners is worth around $72 million a year in revenue.
Reliable, recurring income streams are James’s specialty. He believes in selling once and getting paid over and over. The peace of mind and freedom of life it offers are virtually unmatched by other business models. Recurring income is the reason James can work 10 hours a week, surf almost daily, and spend ample time on family, health and passion projects, the things that matter.
Through his mentoring, James has helped online experts, successful entrepreneurs, and service agencies build the same kinds of models that power his business:
Service retainer subscription:
This is well-suited to service agencies, consultants and experts. James started $5,500-per-month retainers in 2008, and the model continues to deliver. Back when he had an SEO business, it generated over $100,000 monthly at its peak in subscription income.
Membership subscription:
Since 2009, James has launched and maintained paid memberships that still thrive today. This model is great for coaches, experts, influencers, educators and entertainers. It can also be applicable to e-commerce.
Performance deals:
James has partnered in over 10 online businesses since 2016, and has become world-class at structuring royalty and revenue share deals. The business model is suitable for coaches, experts and service agencies, and in the last five years has generated the bulk of James’s income.
Mentorship programs
James helps experts and agencies build sustainable sources of recurring income through his Mentor program.
The Mentor program is threefold, consisting of:
1. Personal mentoring
A personal mentoring chat thread gives you access to James via app. You can ask questions and update him by text, voice, or video. James usually responds daily, so you’re never alone on your business journey. With James’s experienced guidance and knowledge, you’ll bypass common pitfalls and periods of trial and error to achieve your business goals faster and with minimum losses.
2. Playbooks
James’s most effective strategies and training have been formatted into easy-to-consume, actionable playbooks. From assessing potential performance deals to cultivating a success mindset, they offer the shortest steps needed for maximum results.
3. Small group calls
In James’s weekly group calls, you’ll benefit from his knowledge as well as gain insight from your peers. The calls span four time zones, so you can join from anywhere on the globe. Attendees share wins, discuss challenges, and decide on the most impactful action for the next week, which gets noted as an action item in your personal mentor thread.
Testimonials
Over his 15 years of mentoring, James has gained a wealth of satisfied clients:
“James is the best coach in the world for online business entrepreneurs.
His phenomenal ability to transmit knowledge of infrastructure, systems, strategy, marketing, team and business has helped me grow my business from seven to eight figures per year in just a few short years.” – Ezra Firestone, Smart Marketer.com
“I feel like I’ve grown up as a CEO now. I have live events, I have books coming out, I’ve done online courses. And still being able to manage the family and be here for the kids too. Just very thankful for that.
You’ve been very instrumental in my most recent successes related to a lot of these things that I’ve just mentioned as a result of your mentorship program.” – Pat Flynn, SmartPassiveIncome.com
“James has an uncanny ability to make the complex simple.
His systems mindset has helped me remove unnecessary complexity and re-focus on what truly matters – that 4% that delivers 64% of result. He’s been an important sounding board in my business career and is a genuine voice of value.” – Allan Dib, Successwise.com
“Over the last three years James Schramko Mentoring has proved me encouragement, insight and advice.
This has resulted in a 500% increase in revenue. Even more valuable than the increase in revenue, is that I now have a real business, not just a job.” – Mike Reading, UsingTechnologyBetter.com
“James is the ONE person I go to when I need to make a difficult decision.
He has guided me through crucial partnership negotiations and gives me clear direction on exactly how to roll out new services and programs.” – Keith Krance, DominateWebMedia.com
“CopyChief.com achieved a 200% increase in sales within 6 months and on track for 350% gains.
Most of this is recurring income. James Schramko mentoring works.” – Kevin Rogers, CopyChief.com
Contact James
If you’re a small business owner or expert earning between $300K to $3M+ per year, and you’re interested in having James as your business mentor, send him an email. You’ll work out together if it’s a good fit, if James is the right mentor for you, and take it from there.
Resources and Blog
Get to know more about James from his blog, or check out his podcast on YouTube, Apple or Spotify. Discover more about his Work Less, Make More philosophy from his book of the same title.