Reading a lot of biographies (books and online) and success stories, I find that often the process of jumping from 5-6 figures to making big millions is not clearly explained. Often people describe how tough they had it at the beginning, having no money, starting from nothing, etc; then how they started something that pulled in nicely, in the high 5 or low 6 figures; and then the next thing you know they explain that their next deals were in the millions.
I'm always a bit puzzled. So much time is spent talking about rough beginnings, and then how they later grew the business from 10 millions to 60 millions, but you never (or rarely) get how they went from 150,000 a year to the first few millions in the first place.
For example the story of American Apparel - dude started a T-shirt company, did ok with it, and then all of a sudden he has his own manufacturing plant and outlets all accross the country.
Or the (otherwise awesome) success story of Steve O on this forum [not that I want to single you out bro, just happened to have read it now;-) ] where Steve says he bought a 4-units building by maxing out his credit lines; and then in the next line he says he owned 30% of a 46-units building 1 or 2 years later.
This is weird because if you think about it, that's the hardest threshold to get over. There are plenty of small businesses making 5 or low 6 figures. Anyone with a brain can get there. But most will never get to 7 figures and beyond.
How did YOU get there?
Can you explain it in details?
Have you seen articles/books/posts where it is explained in detail?
(MJ I hope you also go over this big time in your book - I suspect I'm not the only one curious about this process.)
I'm always a bit puzzled. So much time is spent talking about rough beginnings, and then how they later grew the business from 10 millions to 60 millions, but you never (or rarely) get how they went from 150,000 a year to the first few millions in the first place.
For example the story of American Apparel - dude started a T-shirt company, did ok with it, and then all of a sudden he has his own manufacturing plant and outlets all accross the country.
Or the (otherwise awesome) success story of Steve O on this forum [not that I want to single you out bro, just happened to have read it now;-) ] where Steve says he bought a 4-units building by maxing out his credit lines; and then in the next line he says he owned 30% of a 46-units building 1 or 2 years later.
This is weird because if you think about it, that's the hardest threshold to get over. There are plenty of small businesses making 5 or low 6 figures. Anyone with a brain can get there. But most will never get to 7 figures and beyond.
How did YOU get there?
Can you explain it in details?
Have you seen articles/books/posts where it is explained in detail?
(MJ I hope you also go over this big time in your book - I suspect I'm not the only one curious about this process.)
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