MatthewFoster
Contributor
Hey Fastlaners!! I hope you all are making serious progress with your ventures!
I'll try to keep this as short as possible.
Long story in a nutshell...in 2011 a friend and I started a company from scratch. That business has grown exponentially in that time($0 in 2010, $5.8M in 2014, $31M in 2018, and $33M as of 10/31/2019). I am a minority partner in the company, but I no longer work there as an employee. Even though the partnership/friendship is ending on a bad note, I feel at least partially responsible for the company's growth and success over that time.
In late 2017 I purchased another business as an investment/side hustle. The business consistently performed at $550k annually netting an OK profit. In Oct. 2018 I was fired without warning from the first business we started in 2011. My side hustle quickly became my only hustle. So I went to work in and on the business. We wrapped up 2018 with a couple of strong months to finish at $575k. I'm happy to report that we finished 2019 with $1.1M in sales. Great news, right??
Well, for me, not so much. I still feel trapped in the slow lane!! I know I'm in the wrong vehicle, with the wrong people, in the wrong lane, and going the wrong direction. I really hope I don't sound ungrateful for the success, but I know I'm capable of more and this is just the beginning. I'm still stuck in a brick and mortar business model with a low ceiling trading my time for money...again. I think I finally learned my lesson. I'm learning as much as I can along the way and I'm always looking for ways to improve and be better.
There is no blueprint for this so I'm in limbo on where to go from here. I'm thinking I should sell information. A "How-To Guide" on what I've experienced. So here I sit on YouTube watching videos on how to create a sales funnel. Haha. Pretty comical, but hey, I'm sure somebody somewhere will pay $9.99 to find out "How I Doubled My Sales in 1 Year" or "How I Doubled My Sales Overnight".
I'm sure you've all heard "you don't know what you don't know" so I'm well aware that I don't know it all. I'm here seeking wisdom, guidance, information, or an opportunity to put what I know to work in the Fastlane! Any advice, tips, information resources, or warnings are welcomed.
My question to all is; Now what??
Thanks all and many blessings in 2020!!
I'll try to keep this as short as possible.
Long story in a nutshell...in 2011 a friend and I started a company from scratch. That business has grown exponentially in that time($0 in 2010, $5.8M in 2014, $31M in 2018, and $33M as of 10/31/2019). I am a minority partner in the company, but I no longer work there as an employee. Even though the partnership/friendship is ending on a bad note, I feel at least partially responsible for the company's growth and success over that time.
In late 2017 I purchased another business as an investment/side hustle. The business consistently performed at $550k annually netting an OK profit. In Oct. 2018 I was fired without warning from the first business we started in 2011. My side hustle quickly became my only hustle. So I went to work in and on the business. We wrapped up 2018 with a couple of strong months to finish at $575k. I'm happy to report that we finished 2019 with $1.1M in sales. Great news, right??
Well, for me, not so much. I still feel trapped in the slow lane!! I know I'm in the wrong vehicle, with the wrong people, in the wrong lane, and going the wrong direction. I really hope I don't sound ungrateful for the success, but I know I'm capable of more and this is just the beginning. I'm still stuck in a brick and mortar business model with a low ceiling trading my time for money...again. I think I finally learned my lesson. I'm learning as much as I can along the way and I'm always looking for ways to improve and be better.
There is no blueprint for this so I'm in limbo on where to go from here. I'm thinking I should sell information. A "How-To Guide" on what I've experienced. So here I sit on YouTube watching videos on how to create a sales funnel. Haha. Pretty comical, but hey, I'm sure somebody somewhere will pay $9.99 to find out "How I Doubled My Sales in 1 Year" or "How I Doubled My Sales Overnight".
I'm sure you've all heard "you don't know what you don't know" so I'm well aware that I don't know it all. I'm here seeking wisdom, guidance, information, or an opportunity to put what I know to work in the Fastlane! Any advice, tips, information resources, or warnings are welcomed.
My question to all is; Now what??
Thanks all and many blessings in 2020!!
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