[ad_1] A practical journey to being acquiredPhotograph by Robert Linder on UnsplashI 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…
Author: Michael Lim
[ad_1] Your 9–5 job is probably the most highly effective weapon you might have.Picture by Emmanuel Ikwuegbu on UnsplashThe day I bought promoted to a Director was the saddest day of my life.I had labored my ass off for the higher a part of 18 months chasing this aim. Time beyond regulation, late nights, disturbing purchasers, taking up greater than I can deal with. I had burned myself out numerous instances all to attain this one aim.After I lastly bought the promotion, I used to be damaged down inside.The second my boss congratulated me, I felt empty. I knew that…
[ad_1] This wasn’t an in a single day determination for me.When you’re considering of beginning your personal one-person enterprise: Don’t bounce off a cliff. Construct an exit ramp as an alternative.I used to be already planning my exit for about 1.5 years in my 9–5 earlier than I pulled the set off.Throughout this time, right here’s what I did:I made certain I had 2 years of dwelling bills saved in my financial institution — I saved near 60% of my six-figure earnings for quite a few years. I’ve pushed the identical $4,000 Toyota Yaris I purchased in 2018. I’ve worn…
[ad_1] What downside are you uniquely positioned to resolve?If you begin a one-person enterprise, you might be marrying an issue……NOT an answer.Folks get caught up in attempting to make their answer work. However your answer is nothing greater than an informed guess at the hours of darkness.F*ck your marketing strategy. You want real-world knowledge and suggestions.As soon as I spotted I needed to serve the group above, I:Brainstormed all their issues.I interviewed them and listened deeply.I requested what issues they thought I used to be uniquely positioned to resolve.Mirrored on whether or not I really needed to resolve these issues.That…
[ad_1] Each enterprise serves a gaggle of individuals.Have you ever ever thought of what kind of individuals you need to serve?After I first began my enterprise, I needed to work with individuals who valued:Social influenceGroupCreativityI had plenty of different alternatives to begin extra profitable companies similar to NFTs or Dropshipping, however the considered serving these folks made me really feel unhappy.Your small business ought to make you are feeling blissful, not unhappy.Your one-person enterprise doubtless received’t die due to a scarcity of shoppers, however extra of your lack of curiosity to serve these clients.If you determine to begin a enterprise,…
[ad_1] Leverage this 5-step monetization and branding technique to launch your personal enterprise concept.Picture by Souvik Banerjee on UnsplashLinkedIn helped me create a (one-person) six-figure consulting enterprise in lower than 3 months.I plan to scale this enterprise to a number of six figures in 2023.I don’t write this to brag, solely to encourage.You may’t be what you’ll be able to’t see, and hopefully, my journey can assist you in direction of your entrepreneurial journey.So whether or not you’re a seasoned veteran or simply starting, that is how you should use LinkedIn to begin or rework your personal enterprise.Bear in mind:…