Episode 75: From Corporate Rejection to Consulting Success: How Niching Down Transformed This Business Coach's Revenue

Season #1

SHOW NOTES

What if the key to building a profitable consulting practice isn't working harder—it's getting crystal clear on exactly who you serve and what problem you solve?

In this episode, host AJ Riedel talks to Jacob Karnes, leadership coach and founder of Master Your First Job. Jacob helps young professionals in their first leadership roles navigate the transition from being an individual contributor to leading a team. After getting denied for multiple promotions in corporate, he turned rejection into opportunity and built a thriving consulting business by mastering the fundamentals that most struggling consultants overlook.

Why You Should Listen to This Episode

If you're a self-employed consultant struggling with inconsistent income, difficulty attracting quality leads, or confusion about how to position yourself in a crowded market, this episode is essential listening. Jacob shares the honest truth about what it really takes to go from "I'll serve anybody" to having a pipeline full of ideal clients who value your expertise. You'll discover why niching down isn't limiting your opportunities—it's actually the fastest path to building a sustainable, profitable consulting practice. Whether you're just starting out or stuck in the feast-or-famine cycle, Jacob's practical frameworks will show you exactly where to focus your energy to start generating consistent revenue.

What You'll Learn in This Episode

[Finding Your Niche] How to identify exactly who you serve and what problem you solve—and why this clarity is the foundation for everything else in your consulting business

[Overcoming Imposter Syndrome] The mindset shifts that helped Jacob turn corporate rejection into entrepreneurial success and build confidence in his unique value proposition

[Niching Down Strategy] Why narrowing your focus actually brings more quality leads than trying to serve everyone, and how to overcome the fear of pigeonholing yourself

[Sales-First Approach] The "single-engine airplane" framework for prioritizing your time and energy when building your consulting practice from scratch

[Pipeline Development] Practical strategies for filling your pipeline with ideal clients who see you as the expert solution to their specific problems

[Resource Recommendations] The books and frameworks that accelerated Jacob's business growth and helped him avoid common beginner mistakes

Listen to These Key Moments

[00:00:26] From Corporate Rejection to Entrepreneurial Success - How getting denied for promotions led Jacob to define his perfect role and start his own leadership coaching business

[00:02:35] The 18-Month Journey to Clarity - Why figuring out exactly who you serve and what problem you solve takes time, and the process Jacob used to get there

[00:04:53] The Power of Niching Down - Why being specific about your ideal client attracts higher-quality leads and positions you as an expert rather than a generalist

[00:07:05] Who Jacob Serves and How - Defining young professionals in their first leadership role and the specific challenges they face transitioning from individual contributor to leader

[00:12:10] Overcoming Fear of Rejection - Strategies for building confidence, handling objections, and reframing rejection as feedback in your sales process

[00:15:30] Building Authority in a Crowded Market - How Jacob differentiated himself in the competitive coaching space and established credibility with his target audience

[00:24:40] Creating Recurring Revenue - The transition from one-off projects to building predictable monthly income through coaching programs and retainer relationships

[00:33:03] The Single-Engine Airplane Strategy - Why sales should be your primary focus when starting out, and the three-question framework for your daily task list

[00:35:06] Essential Resources for Consultants - Book recommendations including "10X is Easier Than 2X" and "Atomic Habits" and how to apply their frameworks to consulting

Resources Mentioned in This Episode

"10X is Easier Than 2X" by Dan Sullivan and Benjamin Hardy
"Atomic Habits" by James Clear
"The Gap and the Gain" by Dan Sullivan and Benjamin Hardy

About Jacob Karnes

Jacob Karnes is a leadership coach and the founder of Master Your First Job, where he helps young professionals navigate their first leadership roles with confidence. After working at Chick-fil-A corporate and experiencing the challenges of corporate advancement, Jacob launched his own consulting business in 2023. He specializes in helping business leaders develop self-leadership skills so they can effectively lead their teams and organizations. Jacob is passionate about creating scalable impact by working directly with decision-makers who influence young people. He's the author of "Master Your First Job" and brings both corporate experience and entrepreneurial insight to his coaching practice.

Connect with Jacob Karnes on LinkedIn: https://www.linkedin.com/in/jacobkarnes/
Visit: masteryourfirstjob.com/free (for a free copy of Jacob's book)