$1M Solo Business Revenue Update 🚀
Thank you so much for following my little journey towards a tiny $1M business. It really means the world to me 🖤
Current revenue: $500k/year
If you prefer, you can also:
📺 watch the youtube video
🔊 listen to the podcast version
☕️ catch up daily on my personal website
🗓 June 6th, 2023 | The 10-80-10 rule
Recently heard about this interesting variation of the 80-20 principle.
As the founder in a small business, you can't expect to replace yourself completely.
There is no way you can do that.
But you can easily replace 80% of what you do.
Then what is needed is the final 20%.
10% in the beginning when setting up the tasks etc
And 10% in the end double checking that everything is done correctly.
🗓 June 7th, 2023 | Are you really stuck?
Sometimes I bash myself for not growing as fast as possible to $1M/year.
But it’s not a race.
And I just realized that I now handle around 15 clients with 3 VAs while barely working.
Whereas a year ago I died trying to handle the same amount of clients by myself.
I am progressing.
It’s just that sometimes progress is not almost reflected on your revenue chart.
All I have to do is get to 20 clients at $3k/month.
And combined with the newsletter, that’s a $1M/year business.
🗓 June 8th, 2023 | What is marketing
Marketing is not forcing someone to buy something.
It’s staying top of mind and waiting.
As long as you are selling something useful, they will come at some point.
🗓 June 9th, 2023 | YouTuber
Some days I feel like an idiot writing instead of doing video.
But then I remind myself that I'm just gonna do the shit I wanna do. Something I would do if money didn’t exist.
Write books, travel and have interesting conversations.
YouTube is too cringe for me.
🗓 June 10th, 2023 | Work life balance
Sounds so stupid but the societal norm of weekends works great for me.
During the week I train and work. And maybe go to an meetup or something.
Then on the weekend I do cool shit.
Like hiking, rafting, diving, cooking courses, dancing classes, whatever.
Anything to just be off my laptop all day and forget about work.
Come Sunday evening, I am refreshed and eager to start working again on Monday morning.
🗓 June 11th, 2023 | No fear
Making money has made me realize I don't really care about it.
Honestly. I know it sounds pretentious but it's the truth.
I live in Greece, Colombia and Thailand and barely spend much of my money.
All the things I like are not that expensive (dancing, martial arts, fighting, dating, traveling, making new friends).
And I've also noticed that people don't give a fuck about your money either.
They either like you for who you are in the moment or not.
You are not your business. You are just who you are right now.
🗓 June 12th, 2023 | Async work
Same timezone with VAs makes things so much better.
Like, 10X better.
Async doesn’t work as well.
That’s my experience.
I really do love you, Alex
PS. Replies go straight to my inbox and I love getting mail :)