EntrepreneurNick
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- Joined
- Mar 27, 2024
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Hi, I'm Nick from Canada.
I am a massage therapist by trade. In 2013 I started a business that rapidly grew to 2 locations and around 30 people on staff and 7 figure sales. This business did very well but slowly political decisions (mostly new taxes) started to make a huge dent in our bottom line. Then covid hit and the workforce became even more demanding and the cost of having staff rose high enough that our business model no longer had profit margins to justify the business. We could have restructured, but the profit levels would still have been dimished and it would have been a good amount of work. By 2021 we were about to have our 4th kid and decided that it was simply not worth it to keep going in the space - especially with the threat of more potential negative political decisions at any moment.
We took a year off and then returned to work in a solo practice to bring in some income while I figure out our next actual business. I am planning to teach my business skills and then launch business products to new RMTs using Jeff Walker's PLF formula. I was pretty hesitant to jump on this because I wanted to get out of the massage space, but our business was incredibly well run from a marketing and admin perspective and I have a ton of materials that I can leverage. I'm just finishing up the Millionaire Fastlane and what helped pushed me to actually jump on this opportunity was reading the 5 commandments of the fastlane. This opportunity satisfies all of 5 pretty well.
I'm just starting to produce my free educational content now with youtube videos, blogs etc. Time to put the pedal to the metal.
I am a massage therapist by trade. In 2013 I started a business that rapidly grew to 2 locations and around 30 people on staff and 7 figure sales. This business did very well but slowly political decisions (mostly new taxes) started to make a huge dent in our bottom line. Then covid hit and the workforce became even more demanding and the cost of having staff rose high enough that our business model no longer had profit margins to justify the business. We could have restructured, but the profit levels would still have been dimished and it would have been a good amount of work. By 2021 we were about to have our 4th kid and decided that it was simply not worth it to keep going in the space - especially with the threat of more potential negative political decisions at any moment.
We took a year off and then returned to work in a solo practice to bring in some income while I figure out our next actual business. I am planning to teach my business skills and then launch business products to new RMTs using Jeff Walker's PLF formula. I was pretty hesitant to jump on this because I wanted to get out of the massage space, but our business was incredibly well run from a marketing and admin perspective and I have a ton of materials that I can leverage. I'm just finishing up the Millionaire Fastlane and what helped pushed me to actually jump on this opportunity was reading the 5 commandments of the fastlane. This opportunity satisfies all of 5 pretty well.
I'm just starting to produce my free educational content now with youtube videos, blogs etc. Time to put the pedal to the metal.
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