Hey guys!
I joined the Fastlane forum about 3-4 years ago. Quickly left this place, but rediscovered it again recently. This is another attempt of mine to build a business that can support me long term.
I feel pretty shitty, to be honest with you. These years were a rollercoaster for me. I always wanted to develop a business and have the freedom of working independently. I achieved it to some extent because I freelance last years, but I never achieved a comfy level in that area - I don't have a good network that would generate regular clients, money-wise is also below the average. Shortly saying I don't feel secure.
I know living as an entrepreneur is never secure, but I literally drive on the edge last years and for no means, I can call myself an entrepreneur.
By starting this thread I am giving myself another attempt to build a business that will give me a stable income and better business habits & work ethics.
I identified pretty well the root of my business failures:
So.. My plan is:
I'm starting from scratch, so the first step that I am facing is choosing a business idea from the projects I have on my list.
In the meatime, I had one job interview today. I should get a response from the company today. If it doesnt work, I will be talking with another company about job opportunity this week.
This is it. I'll try to update you weekly about the progress.
If you have any feedback, I'll be really happy to hear it and talk more.
See you around!
I joined the Fastlane forum about 3-4 years ago. Quickly left this place, but rediscovered it again recently. This is another attempt of mine to build a business that can support me long term.
I feel pretty shitty, to be honest with you. These years were a rollercoaster for me. I always wanted to develop a business and have the freedom of working independently. I achieved it to some extent because I freelance last years, but I never achieved a comfy level in that area - I don't have a good network that would generate regular clients, money-wise is also below the average. Shortly saying I don't feel secure.
I know living as an entrepreneur is never secure, but I literally drive on the edge last years and for no means, I can call myself an entrepreneur.
By starting this thread I am giving myself another attempt to build a business that will give me a stable income and better business habits & work ethics.
I identified pretty well the root of my business failures:
- working on too many ideas at once - I always had a ton of ideas which is fatal. It is hard for me to choose one. In consequence, I was not able to focus and invest enough time to develop one, but properly. It might work for people who are highly self-disciplined and/or have already developed another business, but not for me who can be disturbed by anything.
- having no long-term attitude & weak execution - I feel like I give up too fast. Instead of sticking to one idea and be fully involved in it, I just leave it if I don't see results relatively quickly after testing marketing ideas. This is pretty stupid from my side because whenever I invested time and energy I saw results. Sometimes bigger, sometimes smaller. I understood pretty late that business needs time to grow, especially if you have little/no money for investment. By weak execution, I don't really mean no skills, but just not enough effort and involvement put in.
- lack of self-discipline - I am easily disrupted by small things. While working on specific tasks, I am easily disrupted by Youtube, friends, etc. While working on a business, I am easily disrupted by other ideas, other people actions, etc.
So.. My plan is:
- finding a regular job in the next few weeks to support myself with a regular income
- building a business from 0 to min. 1500 euro profit / month within the next 12 months
I'm starting from scratch, so the first step that I am facing is choosing a business idea from the projects I have on my list.
- It needs to be a relatively simple idea to execute - I don't want to spend months working on the first version of the product. I want to start selling and testing the market as soon as possible.
- The fewer obligations the better - In general, it excludes all of the service-related businesses, because it's like forever owning something to someone. Unfortunately, I can't say full no-no to service-based business, because it has the lowest entrance barrier for me now - I have little money to invest, but I have skills in video content creation, marketing and web design.
- It would be great if it had automation and scaling potential.
- Needs to be a business with remote / global potential - I live abroad and I don't speak local language fluently. I cannot really work with local customers at the moment.
- eCommerce product that has been in my mind for some time already. It solves a problem of a niche demographic(me included). I am a little bit afraid that it can be diffcult to make profit with paid traffic due to relatively low margins - around 15 - 20 euro depends on version. I don't want to jump into it, until I figure out what other products I could offer to increase potential cart value in the future. It requires investing some time to build a product, but can be done with minial costs at the start.
- Agency niched down to video content creation & consulting for eCommerce & potentially other agencies. Pretty tricky to exectute due to the nature of video content that it's hard to be done remotely. This is something that I feel really strong in tho. I have a few ideas that I could include into my offer, however, I need to brainstorm it with myself and potentially with some buisness owners to establish if there's such a need. I also have experience with cold outreach and been quite successful in it in the past which might be useful.
In the meatime, I had one job interview today. I should get a response from the company today. If it doesnt work, I will be talking with another company about job opportunity this week.
This is it. I'll try to update you weekly about the progress.
If you have any feedback, I'll be really happy to hear it and talk more.
See you around!
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. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today