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How I Sold My First One-Person Business at 28 Years Old (And My Plan to Build Another One Part-Time) | by Michael Lim | Oct, 2023

Michael LimBy Michael LimOctober 11, 2023No Comments2 Mins Read

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A practical journey to being acquired

Michael Lim
Entrepreneur's Handbook
Photograph by Robert Linder on Unsplash

I simply offered my first enterprise.

After 456 days, my small one-person consulting enterprise has simply been acquired. I by no means thought I’d get thus far.

However right here’s how I did it.

For 2 years, I used to be a wantrepreneur.

I’d speak endlessly about wanting to begin a enterprise. I’d devour books, podcasts, and YouTube movies. However months and years would go by, and I wouldn’t take any motion.

I used to be mentally masturbating (with out lube).

The difficulty is that I needed perfection. Every part needed to be prepared. The issue with perfection is that you just’ll change into overwhelmed. There is no such thing as a such factor as ‘excellent’ in enterprise.

  • Problem your self to make a million-dollar enterprise; you’ll rapidly change into overwhelmed.
  • Take into consideration the way you may begin making an additional $1,000 per thirty days, and also you’ll begin to assume creatively.

In truth, it nearly doesn’t matter how you begin.

However an important factor is that you begin.

You possibly can all the time pivot and alter as you go. Construct the aircraft as you fly it. A enterprise is constructed by fixed iteration, not by grand design.

80% of enterprise success comes all the way down to your beliefs, and beliefs are strengthened by motion.

So don’t trouble meditating or shouting affirmations within the mirror.

All you must do is:

  1. Present-up on a regular basis
  2. Transfer what you are promoting ahead by 1%

In case you do that for an extended sufficient time, what you are promoting progress will compound.

Folks typically assume I used to be solely in enterprise for the cash. Whereas cash is vital, I used to be extra afraid of letting myself down. To going again to being a wantrepreneur.

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Build Business Lim Michael Oct OnePerson PartTime Plan Sold Years
Michael Lim

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