Dear all:
Thank you for allowing me to be part of this community. My name is Alex and I am a 36 year old "entrepreneur" from Los Angeles, CA. I used to hold "prestigious" corporate jobs, and then finally 6 years ago, I could not take it anymore. At least I was wise enough to get out of that mill. However, I then decided to start a "business" which violates just about every commandment of fast lane success from MJ's book: a consulting and legal business servicing companies in the entertainment and technology industries.
I am stuck, and sick of it. Even though I am making what many would consider to be a good income, I have no control (at any point one of my clients can fire me, which will constitute a big hit to my income) and I am being leveraged like crazy.
Here is my analysis of the business I have right now, in accordance with the commandments in MJ's book:
1. Need: my clients do have a need for service I provide, but I am far from the only person capable of addressing it. Furthermore, my clients are large companies with a great deal of leverage.
2. Entry: there is no barrier to entry to starting a consulting business. Yes, you need to have expertise which comes with time, but all it takes to start is a few phone calls.
3. Control: I have none.
4. Scale: it is impossible for me to scale this business, as the clients want to talk to me only. Plus, I have about 7-8 clients, and clients in this industry and for the service I provide are very difficult to find.
5. Time: I am 100% trading my time for money - I work 7 days a week and have no freedom. I cannot even take a vacation. The other problem I have is that with constant meetings in the LA area as well as a staff, I am stuck in this city until I can get myself out of this situation. The added problem is that I do not really have the luxury of just stopping everything I am doing right now.
I am here in hopes that I can determine what kind of business I should start in order to be able to replace my current situation for a better one. I would love to find a mentor whom I can speak to about my particular circumstances.
There is a saying that goes: "the more I learn, the less I know." This is how I feel - even though I am doing fairly well in my business, I know I can do so much more. I wish that I had picked up MJ's book 10 years ago or more. But here we are.
Thank you for allowing me to be part of this community. My name is Alex and I am a 36 year old "entrepreneur" from Los Angeles, CA. I used to hold "prestigious" corporate jobs, and then finally 6 years ago, I could not take it anymore. At least I was wise enough to get out of that mill. However, I then decided to start a "business" which violates just about every commandment of fast lane success from MJ's book: a consulting and legal business servicing companies in the entertainment and technology industries.
I am stuck, and sick of it. Even though I am making what many would consider to be a good income, I have no control (at any point one of my clients can fire me, which will constitute a big hit to my income) and I am being leveraged like crazy.
Here is my analysis of the business I have right now, in accordance with the commandments in MJ's book:
1. Need: my clients do have a need for service I provide, but I am far from the only person capable of addressing it. Furthermore, my clients are large companies with a great deal of leverage.
2. Entry: there is no barrier to entry to starting a consulting business. Yes, you need to have expertise which comes with time, but all it takes to start is a few phone calls.
3. Control: I have none.
4. Scale: it is impossible for me to scale this business, as the clients want to talk to me only. Plus, I have about 7-8 clients, and clients in this industry and for the service I provide are very difficult to find.
5. Time: I am 100% trading my time for money - I work 7 days a week and have no freedom. I cannot even take a vacation. The other problem I have is that with constant meetings in the LA area as well as a staff, I am stuck in this city until I can get myself out of this situation. The added problem is that I do not really have the luxury of just stopping everything I am doing right now.
I am here in hopes that I can determine what kind of business I should start in order to be able to replace my current situation for a better one. I would love to find a mentor whom I can speak to about my particular circumstances.
There is a saying that goes: "the more I learn, the less I know." This is how I feel - even though I am doing fairly well in my business, I know I can do so much more. I wish that I had picked up MJ's book 10 years ago or more. But here we are.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
Zua dep neli vji piyv kanq.. katv fu ov xovj desi, vjuahjv, voni, duasehi epf sitiesdj. 
