Sweeping Shadows from Dreams
Read Millionaire Fastlane
I've Read UNSCRIPTED
- Jan 14, 2013
How do you guys deal with slow months/ bad times in your business when it isint generating as much as previous months?
Mainly wine or bourbon. Just kidding.
The answer might depend on the kind of business you run. But when things aren't working well with fastlane pursuits, I pick up freelance work to supplement. Freelance isn't always predictable though. So more recently I've built what some might call "passive" income systems.
For instance, the Udemy courses I launched last month make money in the background for teaching things I know. T-shirts, courses, audiobook narration, ebook publishing...any of those can be turned into a full-fledged business, but they can also serve as supplemental income. In any case, the more you put in the more you get out.
Beyond that it's mainly money management. Keeping my expenses low so it doesn't take that much to cover them. A single freelance gig can pull enough cash for expenses. Combine that with the mostly passive background systems and there's not too many "bad" months. However, don't make the mistake of thinking you'll toss up 3 t-shirt designs and sell automatically (you'll need to have some business systems in place even for passive opportunities).
The last thing I'd suggest is to take showers, workout, go for walks, and get out of the house or office. Let your mind refresh if you get stuck and let it wander over creative ideas until it finds the right answer for you. Sometimes a little mind