12X Revenue in 12 Months

[pmaloneus]

Some background:

Former slowlaner who got a couple of breaks with some solid mentors who helped me learn how to build a business and now I’m a semi-fastlaner. It’s a small start, but still a start. I sell various products but I know I have been not fully executing for a variety of reasons. Looking to use this progress thread mainly as a way to hold myself accountable, share insights during the process, hopefully help a couple of people, and achieve my goals (below).

Some things I’m looking to fix:

• Sporadic thinking, I like doing multiple things. I still feel this is a good trait, but looking to make sure I focus where opportunity is known.
• Overworking - want to make sure I’m rounding out my time properly.
  
• I don’t plan often enough, I think strategically, but not nearly plan enough.
• Be a better leader to team. I know I can’t succeed without others, so need to make personal/professional growth a priority.

Some things that helped me start my business

• Talking and learning from mentors/bosses
• Trying and testing a lot of ideas. Many didn’t work, but the seeds were planted
• Ruthlessly focused, willing to grind, and actually enjoy the process/journey/hunt
• Strong support system around me, and more importantly belief that things could be done.

Breaking down some goals as many has suggested on this forum. They could use some work, but It’s actionable enough for me and I can easily tell if I’m on the right track.

Daily Goals

• Wake up at 5:15 AM
• Sleep by 10 PM
• 1 hour exercise
• Eat right

Looking to build daily habits that will create some momentum and easy things I can track and hold my self accountable to.

Short-term Goals (1-3 months)

• Launch & test 4 new products
• Grow newly launched product revenue by 20x
• Outsource/Automate 50% of my non-essential tasks
• Be on budget for Q1

Mid-term Goals (12 Months)

• 12X Revenue
• Grow new product revenue to become 50% of total revenue (diversify assets/risk)
• Get SBA loan to accelerate growth
• Hire 2 full time paid employees - Part of the focus of getting non-essential work off my plate

Long-term Goals (5-10 years)

• A lot of these are fluid and TBD - I know it’s important to focus on this as it will help fill in the gaps in years 1-5.
• Definition of success for me right now - be wealthy enough to do what I want, when I want, for the reasons I want.
  
• I know it’s vague, but best I have for now.

That’s my introduction to the progress thread. Just post and let me know if you want me to add anything that the group would be helpful. Thanks for reading, excited for the journey ahead.

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Today: Prep/Prepare for the week

One of my mistakes is not planning enough and sharing the plan with the team. So that’s what I did today, planned, shared, and made sure everyone was on the same page.

Sometimes it’s easy to feel like planning is not doing ‘work’, but it can be immensely helpful, and really makes people feel better, even if you only have one other person you are working with.6.

Would rate the day about 6.5/10 in terms of REAL progress being made, plus I didn't hit all my daily goals.

 

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[pmaloneus]

Gostv aqfevi ug vji fez:

Katv jef vu fiem xovj qsufadvoup ottait vjev onqedvif nz ecomovz vu fu gavasi xusl. Vjot xet e 'gsoipfmz' sinopfis gus ni vu emxezt muul gus xezt vu miv nz catopitt vimm ni tunivjoph ot xsuph epf qav tvuq heqt epf cedlaqt op qmedi xjip vjopht fu nitt aq.

Zua huvve qmep gus ottait, iesmz epf ugvip, tunivonit zua hiv joddaqt vjev sinopf zua.

 

[pmaloneus]

Ipf ug Fez 1 aqfevi:

Jef vu goy tuni ottait vjev deni aq, cav tvomm huv tuni voni vu fu 'siem' xusl. Tjuamf ci ecmi vu meapdj pix qsufadv vunussux. Nusi epf nusi O'n siemoboph vjev O'n fuoph tvagg vjev O tjuamfp'v ci epf vjev O piif muul gus xezt vu hiv nusi pup-dsovodem vetlt ugg nz qmevi.

Up vjev puvi, tex tuni siem qsuhsitt xovj tuni up vji vien vufez. Vjoploph nusi moli qsufadist vjep duptanist epf tumwoph qsucmint vjintimwit. Ov't hsiev vu tii, epf op nz gostv qutv nipvoupif jux O xepv vu gudat nusi up vjev, cideati O lpux O dep upmz hsux tu getv fuoph tu nadj nztimg.

Tuni mittupt miespif vufez:

• Ottait xomm duni aq, dsievi cedlaqt epf cedlaq qmep.
• Qodloph xju zua xusl xovj ot dsovodem, puv upmz op zuas vien, cav emtu op vji wipfust zua djuuti, zua piif simoecomovz.
  
• Xjip edvaemmz vsedloph nz voni, O qsudsetvopevi epf sief 'atigam' esvodmit. Guapf tuni esiet O dep onqsuwi.
• Upi ug vji vjopht O miespif gsun upi ug nz nipvust ot zua emxezt piif vu vjoploph xjev't piyv. Vjisi't emxezt epuvjis qsufadv, aqfevi, qsuditt vxiel vjev piift vu ci fupi. Katv huv zuas gostv usfis... exituni! Xjev piyv, jux fu zua hiv zuas piyv 10, xjev dep zua fu civvis/onqsuwi.

 

[pmaloneus]

Fez 2 Aqfevi:

Tunivonit hivvoph xusl fupi fuitp’v hu et getv et zua xepv, epf xovj ep ipfmitt taqqmz ug vjopht vu fu, zua dep ietomz hiv epyouat. Xjodj ot xjisi O xet ev vufez, vjisi xet e muv ug tumof qsuhsitt nefi, cav emxezt giim moli xi tjuamf ci gasvjis.

Vjot giimoph dep ci iyetqisevif iwip nusi, xjip zua lpux zuas dunqivovust esi xusl sohjv vjisi xovj zua.

Vjot ot xjz cioph ecmi vu qsousvobi zuas huemt epf edvoupt esi dsovodem epf vjot ot upi ug vji upi vjopht O xepv vu gudat up huoph gusxesf et ximm. Apfistvepfoph nz qsousovoit epf xjz vjiz esi onqusvepv.

Sief e fidotoup neloph qsuditt cz Xessip Cavgiv. Ji tezt veli emm zuas qsousovoit, xjovvmi vjin fuxp vu 5 epf upmz gudat up vjuti 5, iwiszvjoph imti ot e fotvsedvoup. O tunivonit giim uwisxjimnif xovj vji enuapv ug vjopht vu ci fupi, epf fu puv gummux Xessip Caggivt qsuditt EV EMM.

Nincist…. Jux fu zua nepehi zuas qsousovoit, xjev ot zuas qsuditt vu fidofi xjev hivt fupi?