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Progress Thread Set up to Fail, Driven to Succeed - Journey from 0 to Serial Entrepreneur

Discussion in 'Progress/Execution Threads' started by ChrisJHarrington, Feb 11, 2017.

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  1. ChrisJHarrington
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    ChrisJHarrington Bronze Contributor Read The Millionaire Fastlane Speedway Pass

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    FastNAwesome Silver Contributor Read The Millionaire Fastlane Speedway Pass

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    Your very mindset makes it not-slowlane, because it's not your end game, just a step along the way. I might be stupid, but didn't know any better, and finished college as a "step along the way" just to get a well paid job as another "step along the way". Education is cheap where I live, so did it without debt though, but could have spent that time better, if only TMF existed:)

    Is making an online program an option for scaling it? I see many people do that. Of course you'd need to distinguish yourself somehow.
     
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  3. ChrisJHarrington
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    ChrisJHarrington Bronze Contributor Read The Millionaire Fastlane Speedway Pass

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    Thanks! Yep, online niche programs are definitely scalable. Just check the fastlane principles..

    Tomorrow is day 1 in the new sales position.

    Decided to break up my days into 'themes', similar to what Jack Dorsey does to run Square and Twitter simultaneously. Here's my breakdown:

    Monday: Partnerships/Presentations
    Tuesday: Sales
    Wednesday: Management/Admin/Financials
    Thursday: Product
    Friday: Off day
    Saturday: Marketing
    Sunday: Reflection, Strategy, & Planning

    Also took out some of the constant shit in my calendar because I was over-working myself and feeling way too stressed.. more days to come up for breath. Guys like Gary Vaynerchuk like to over-exaggerate how much work you need to put in because most people don't work hard enough.

    As for myself, I'm pretty self aware and know I was burning my engine in 8th gear way too much. Need to tune it back a bit - I'm way too much of a workaholic.. so i've made some adjustments - the themed days is a big one.
     
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  4. ChrisJHarrington
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    ChrisJHarrington Bronze Contributor Read The Millionaire Fastlane Speedway Pass

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    Been having fun in the new sales role. Pay basically doubled (when I hit commissions - which I am now fully in control of) and I'm working about 80% as much compared to the prior job..

    Work 80% and make double.. sounds like a good formula to me. Have some deals in the pipeline, expenses covered, plenty of savings being added to my account every pay period, now to continue to hone in on my business and take stuff to the next level..

    I'm realizing this is all levels - and I want to make sure I keep ascending to the next one - right now I'm at the 6 figure mark for income in corporate, and I'm able to manage a handful of personal training clients to make myself around $1-2K a month in side revenue.

    The next level for me in the sales gig is to just find the 20% of things yielding the 80% results and build up enough flexibility and efficiency to work from home a few days per week.
    The next level in the fitness business is to launch boot camps and build a scalable and repeatable model - training classes instead of individuals, and bumping that revenue per hour up to a rate that's high enough to eventually hire trainers as well. It's high enough with 1-1 training but I'm not in a position to hire trainers right now (I sublease space, I don't own it, so it's just for me). I've had some clients drop off and I haven't been consistent with my marketing, so that's another level to work on - consistent marketing stream for bringing in net-new clients. The reason I stopped marketing was because I got overwhelmed with a lack-of-scalability strategy - I can only take on so many clients at once. Now my full focus is on group trainings and boot camp classes. Been working on the launch.. more on this soon
     
  5. ChrisJHarrington
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    ChrisJHarrington Bronze Contributor Read The Millionaire Fastlane Speedway Pass

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    Couple of minor updates:

    - still working on setting up a foundation for my fitness training group classes - need some scheduling software for groups.. specifically for fitness / payment processing etc.. working on that
    - Got a guy from my hometown paying me for online coaching now too.. little extra income there
    - I'm starting to build up a nice stream of income from a few sources. This is what it should look like in the next couple of months:

    - Salary from sales job
    - Commissions from sales job
    - Personal training revenue
    - Boot camp revenue
    - Online training revenue
    - Software app license sales (another tool I've had created that I don't think I've mentioned here - very small revenue stream because it solves a minor need and is going to cost $15-40 per license per year)

    With just my salary alone, I'm in like upper 85% of America for people my age.. so can't complain when you put it all in perspective.... 2017 will be a nice 6 figure year.. but I'm more focused on building some asset value in these businesses i'm building.
     
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  6. ChrisJHarrington
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    ChrisJHarrington Bronze Contributor Read The Millionaire Fastlane Speedway Pass

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    Getting back to lightning focus on my business today and onward..

    Job had picked up and I had some learning curves to get over between the last 1-5 weeks and now i'm feeling good..

    Also had a boxing exhibition match yesterday that was taking up a lot of mental and physical focus. I did really well - and now I'll rest with that and just go back to lifting a few days a week and focusing on business...

    Gotta run.