My name is Barrett

[Shrewedmoney15]

My name is Barrett. I recently quit working for T-Mobile to become self employed. While building a business as a financial coach I'm also creating a web based fast lane. I'm here to serve you guys in any way possible. I understand that to get what you want to have to help other people get what they want. I truly am here to make friends, build relationships and offer as much value as possible.

 

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[Deleted35442]

My name is Barrett. I recently quit working for T-Mobile to become self employed. While building a business as a financial coach I'm also creating a web based fast lane. I'm here to serve you guys in any way possible. I understand that to get what you want to have to help other people get what they want. I truly am here to make friends, build relationships and offer as much value as possible.

Welcome to the Forums man. What is being a financial coach? Being a financial adviser? Focus on one at a time. I'm not against running more than one business simultaneously but focus is everything here. My first business will be up and live online in less than two weeks now. When it's up, I'm mostly doing sales-copy, taking consultation calls that (free trial) virtual receptionists book appointments for me for, and obviously, fulfilling orders. Because of the way I set it up, I can work on the next company after, meaning, I don't have overhead, I don't have an office, I bring my clients to one of the most upscale members-only clubs in NYC to meet. I'll be working on my second one, eComm-web related after. Get one business getting cash-flow in before your next.

 

[Shrewedmoney15]

Welcome to the Forums man. What is being a financial coach? Being a financial adviser? Focus on one at a time. I'm not against running more than one business simultaneously but focus is everything here. My first business will be up and live online in less than two weeks now. When it's up, I'm mostly doing sales-copy, taking consultation calls that (free trial) virtual receptionists book appointments for me for, and obviously, fulfilling orders. Because of the way I set it up, I can work on the next company after, meaning, I don't have overhead, I don't have an office, I bring my clients to one of the most upscale members-only clubs in NYC to meet. I'll be working on my second one, eComm-web related after. Get one business getting cash-flow in before your next.

Well the problem I have is I believe one will make me money faster. like 50k per month fast. but its will cause to me to shut off cash flow from the other business. The other business is cash flowing about 300$ per month and it has major upside potential and if I leave it could undo all of the progress I've made. Do you have any advice on which one to choose? Because the one that can make 50k per month is a result of reading MFL and the other one is a network marketing company. Any thoughts?

 

[Deleted35442]

Well the problem I have is I believe one will make me money faster. like 50k per month fast. but its will cause to me to shut off cash flow from the other business. The other business is cash flowing about 300$ per month and it has major upside potential and if I leave it could undo all of the progress I've made. Do you have any advice on which one to choose? Because the one that can make 50k per month is a result of reading MFL and the other one is a network marketing company. Any thoughts?

Network marketing as in...MLM? If you read TFL you'd also know other peoples MLMs = Big No No's. Your own MLM? I guess. I've heard of MLM guys buying islands and splashing cash. They try to keep a low profile and for good reason. Some interesting reading on the subject:

http://behindmlm.com/mlm-reviews/8elos-review-emeralds-front-3000-buy-in-ponzi/

Weigh how much time each will take. For mine, I'm creating a beautiful UF website that will sell itself essentially. Is $300 month your only income? I can make that work but wondering if you can. Build out that business the next month to see if that can grow as you expect, then try this $50k/month one.

 

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[Shrewedmoney15]

Yes I've read the book. I want to use the mlm to generate cash to fund a fastlane idea. What do you think? As far as time each will take about 7 months to a year. Mlm 7 months later should produce 10k per month. The fastlane idea 7 months later would produce about 2500 per month however it would grow exponentially faster during the following six months and make about 50k via a referral program and re investing toward marketing. I joined mlm before I obtained fastlane knowledge.

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[AdMachine]

Hey Barret,

how's your success with your online services business?

Hope you are accelerating according to Fastlane guidelines. My biggest takeaway from the book was the money tree concept. The repeatable way to make money by selling stuff to new and existing customers. And the key to Fastlane profits is in minimum time of your own, which is needed to deliver a service. Ideally it's automated.

 

[Shrewedmoney15]

Hey Barret,

how's your success with your online services business?

Hope you are accelerating according to Fastlane guidelines. My biggest takeaway from the book was the money tree concept. The repeatable way to make money by selling stuff to new and existing customers. And the key to Fastlane profits is in minimum time of your own, which is needed to deliver a service. Ideally it's automated.

Today I decided to stop my business until next year. I have too much on my plate. New full time job. Doubled up college courses to graduate on time. And I'm married. I can't dedicate the time my business needs. I have customers I can't reach out to in a timely manner. Wife works too so she can't do it. Don't have income go pay an employee. So my plan is to stop until Jan next year. During this break my focus will be on cutting expenses, increasing income at work via more commissions, pay off remaining debt, graduate so I can free up that extra time. Save money to invest into the costs needed to run the business with an initial marketing campaign. Any thoughts?

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[MJ DeMarco]

Any thoughts?

Sounds like you're walking into a trap.

 

[Shrewedmoney15]

Sounds like you're walking into a trap.

Why do you say that?

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[Shrewedmoney15]

I'm open to your point of view. I read the book as well

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[EE7]

Today I decided to stop my business until next year. I have too much on my plate. New full time job. Doubled up college courses to graduate on time. And I'm married. I can't dedicate the time my business needs. I have customers I can't reach out to in a timely manner. Wife works too so she can't do it. Don't have income go pay an employee. So my plan is to stop until Jan next year. During this break my focus will be on cutting expenses, increasing income at work via more commissions, pay off remaining debt, graduate so I can free up that extra time. Save money to invest into the costs needed to run the business with an initial marketing campaign. Any thoughts?

Make sure you don't have the same excuses next year. Excuses fuel fear and failure. Next year will come and you will see that not much has changed. Before your eyes 5 years will have gone by while you are waiting for the perfect time to start. Trust me it leads down a road of never getting anything done. I found excuses for everything (EVERYTHING!). Just start now. Strip the crap that doesn't matter and push forward.

 

[Shrewedmoney15]

Thanks. Point taken

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[Shrewedmoney15]

Maybe I shouldn't quit the business. Maybe I should just scale back on time dedicated to it?

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[jon.a]

My name is Barrett. I recently quit working for T-Mobile to become self employed. While building a business as a financial coach I'm also creating a web based fast lane. I'm here to serve you guys in any way possible. I understand that to get what you want to have to help other people get what they want. I truly am here to make friends, build relationships and offer as much value as possible.

What qualifies you to be a financial coach?

 

[Shrewedmoney15]

At that time I was working with a company and taking my series 6 and series 7as well as a life insurance licence to sell annuities and junior securities. However I am not passionate about that line of work and I wasn't gaining a ROI as I expected so I walked away. I've since then pursued my online fast lane that I'm building

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[Envision]

Sounds like a lot of excuses. Don't quit.

 

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[EE7]

Maybe I shouldn't quit the business. Maybe I should just scale back on time dedicated to it?

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I think you should scale up the time focused on it and scale back the time focused on other things. What do you want out of this? What are your goals? Why are you trying to start this company in the first place? What is there to gain? What is there to lose? It seems like you are trying to find ways not to go all in and take risks. You won't accomplish this half assed. I did this all of the time. It is terrifying to go all in. The only thing that pushed me past was walking in to my very meaningless feeling job every morning and thinking I know I can do better than this and I will be damned if I will spend the rest of my life wasting away here. I have stripped every distraction from my life and as badly as it hurts and as scary as it is I know that I will come out on top and where I want to be. You just have to start - all in or forever nothing.

 

[Envision]

Maybe I shouldn't quit the business. Maybe I should just scale back on time dedicated to it?

Sent from my Nexus 6P using Tapatalk

Don't dabble either.

 

[Shrewedmoney15]

Don't dabble either.

I agree. I'm sold out to this business from a dabble perspective. It is the only business I have my hand in.

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[Shrewedmoney15]

I think you should scale up the time focused on it and scale back the time focused on other things. What do you want out of this? What are your goals? Why are you trying to start this company in the first place? What is there to gain? What is there to lose? It seems like you are trying to find ways not to go all in and take risks. You won't accomplish this half assed. I did this all of the time. It is terrifying to go all in. The only thing that pushed me past was walking in to my very meaningless feeling job every morning and thinking I know I can do better than this and I will be damned if I will spend the rest of my life wasting away here. I have stripped every distraction from my life and as badly as it hurts and as scary as it is I know that I will come out on top and where I want to be. You just have to start - all in or forever nothing.

I feel the same way at work. It's funny. Everyone says it's a great career. But I don't want a career. I want 6 figure months

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[EE7]

I feel the same way at work. It's funny. Everyone says it's a great career. But I don't want a career. I want 6 figure months

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You know what you need to do. Now do it.

 

[MJ DeMarco]

Why do you say that?

Today I decided to stop my business until next year. I have too much on my plate. New full time job. Doubled up college courses to graduate on time. And I'm married. I can't dedicate the time my business needs. I have customers I can't reach out to in a timely manner. Wife works too so she can't do it. Don't have income go pay an employee. So my plan is to stop until Jan next year. During this break my focus will be on cutting expenses, increasing income at work via more commissions, pay off remaining debt, graduate so I can free up that extra time. Save money to invest into the costs needed to run the business with an initial marketing campaign.

Because you've said as much.

What you describe is exactly how it starts. The full time job. The full time income. The nice lifestyle because, you know, you deserve it from all the hard work. And the next thing ya know? Ten years have gone by and you're fully vested in the Slowlane.

I like the vision and the objective (saving, freeing up time) but pretty much everyone says the same thing. And then a year from now, the excuse will be "But I can't quit, I have a baby on the way!"

I'm not castigating you here, just giving you a warning that in my guesstimates, most aspiring entrepreneurs stay aspiring because they bet their future on "someday" -- which is what you have done.

Danger Will Robinson.

 

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[Andy Black]

Have you made a sale yet?

What do you need to do to make a sale this week?

What do you need to NOT do to make a sale this week?

 

[Shrewedmoney15]

Because you've said as much.

What you describe is exactly how it starts. The full time job. The full time income. The nice lifestyle because, you know, you deserve it from all the hard work. And the next thing ya know? Ten years have gone by and you're fully vested in the Slowlane.

I like the vision and the objective (saving, freeing up time) but pretty much everyone says the same thing. And then a year from now, the excuse will be "But I can't quit, I have a baby on the way!"

I'm not castigating you here, just giving you a warning that in my guesstimates, most aspiring entrepreneurs stay aspiring because they bet their future on "someday" -- which is what you have done.

Danger Will Robinson.

Very well. I will not quit. I will figure out a way to work around this obstacle

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[Shrewedmoney15]

Have you made a sale yet?

What do you need to do to make a sale this week?

What do you need to NOT do to make a sale this week?

I haven't made a sale yet. I have generated 15 leads which is equivalent to 35k in potential income. Business has been live for 30 days.

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[Shrewedmoney15]

I haven't made a sale yet. I have generated 15 leads which is equivalent to 35k in potential income. Business has been live for 30 days.

Sent from my Nexus 6P using Tapatalk

I need to invest more in marketing and call people at my lunch hour to make a sale

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[AdMachine]

Today I decided to stop my business until next year. I have too much on my plate. New full time job. Doubled up college courses to graduate on time. And I'm married. I can't dedicate the time my business needs. I have customers I can't reach out to in a timely manner. Wife works too so she can't do it. Don't have income go pay an employee. So my plan is to stop until Jan next year. During this break my focus will be on cutting expenses, increasing income at work via more commissions, pay off remaining debt, graduate so I can free up that extra time. Save money to invest into the costs needed to run the business with an initial marketing campaign. Any thoughts?

Sent from my Nexus 6P using Tapatalk

Agree with the anwers above.
To make things happen you need to be a one man army:
1) create a step by step plan for yourself as you would do for your assistant or employee ( imagine you have one)
2) complete each task from the list without thinking too much like a robot

 

[Andy Black]

I need to invest more in marketing and call people at my lunch hour to make a sale

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Maybe no need to invest more in marketing at the moment. Work through each of the leads and get a yes or no.

 

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[Shrewedmoney15]

Maybe no need to invest more in marketing at the moment. Work through each of the leads and get a yes or no.

And if they say no find out why an what I could do to make it a yes.

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[Shrewedmoney15]

I took the leap and quit today. I'm done. No more job

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