@TheRealBradLea I’m working toward that freedom too. But I think taking calculated risks is better than risking everything. Freedom should give you more choices, not fewer.
@SergeGatari Interesting point. But isn’t building a personal brand also a way to learn sales? You still need to understand what people want and earn their trust I found
This is one of the biggest traps for beginner solopreneurs.
Coming from an employee mindset, I didn’t understand these 4 basics:
• Revenue
• Costs
• Profit
• Cash flow
I used to focus only on revenue.
But the most important one is profit.
The goal isn’t just to sell more.
It’s to build a business that earns enough relative to its costs.
Wanna know a what I’ve noticed about the people who own the most profitable businesses?
They think only in terms of profit. As in, they don’t care about revenue or other vanity metrics. They just think - what’s the bottom line.
And they keep it - the bottom line.
@imDavideGrieco I made this mistake with my content too. Spent too much time making things look good before knowing if anyone cared. Better to test the message first, then polish what works.
I thought “solve a problem” was the best business idea.
Then I realized customers don’t pay for the solution itself. They pay for the benefits they feel.
• Save time
• Save or make money
• Reduce risk or difficulty
• Improve the experience
Solving the problem is just the starting point. People pay more when they get multiple types of value at the same time.
This took me longer to understand than it should have.
I’m documenting the full path as a beginner solopreneur.
@cleanwithmike Exactly what I’m trying to do. Still working my 9-5 while building something on the side. I’d rather quit when I have a choice, not because I’m desperate to escape.
@ConradCapacity We live in the digital world way too much. Even waiting 5 minutes without checking phone feels strange now. That’s how used to constant stimulation we’ve become.
@theprasad_ #4 stood out to me. Never thought having enough clients could become a problem if you stop looking for new ones. Guess a full schedule doesn’t always mean a secure business.
@ryangrowthh If the algorithm is open source, why do so many growth hacks still feel like guesswork? Curious which part of the code actually matters most for small accounts.
@sharran I used to wait for a lucky opportunity. Now I realize I wasn’t even giving luck a chance to find me. Had to start putting myself out there first.