How a $50M Lawsuit Reshaped Taylor’s Entrepreneurial Journey | Taylor Welch | EP10

Follow Taylor on Instragram @taylorawelch Listen to 'Daily Mind Medicine' on all listening platforms or go to dailymindmedicine.tv Watch this episode on Youtube at justincolby.tv In today's episode, Taylor Welch, a renowned figure in the consulting industry, shares his tumultuous journey from establishing a consulting business with annual revenues surpassing $30 million to facing a government lawsuit and ultimately rebuilding his empire. Welch and I delve into personal stories of parenting, contrasting their children's distinct personalities and discussing the impact of fatherhood on their lives. The conversation transitions into Welch's professional setbacks, including a significant legal battle with the government over a scam within his company, which led to a comprehensive investigation by the Federal Trade Commission (FTC). Despite these challenges, Welch highlights the importance of resilience, the value of learning from failures, and the crucial role of retention and strategic pivoting in business growth. He emphasizes the significance of embracing failure as a stepping stone to success, underscoring his journey of rebranding and providing insights into his innovative approaches to entrepreneurship, marketing, and building sustainable business models through retention and valuable relationships. Taylor is the founder of Welch Equities and the Wealthy Consultant. He consults & manages a portfolio of brands and clients making the world smarter, happier & healthier. His first brand reached a combined value appraisal of 78 million dollars and today services nearly 10,000 customers and clients yearly. Tune into his content and projects at taylorawelch.com/links and enjoy. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.