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The Problem with Mediocrity
Tired of the Same Routine
Many people are stuck in a job they despise, going through the same motions day after day.
Barely Scraping By
Some businesses are just getting by, never changing or growing beyond their current state.
Dreaming of More
If you've been barely scraping by but dream of more, it's time to take action and go after what you want.
Understanding Business Cycles
1
Starting a Business
People start businesses all the time, but not all of them succeed or change over time.
2
Maintaining Status Quo
Some businesses never change, like that one place that's been there forever and remains the same.
3
Deciding to Grow
If you're going to run a business, really do it. Know exactly what level you want to play at to save yourself pain and hassle.
Cycles of Loss: Avoiding the Pitfalls
The Dangers of Depending on One Customer
A student lost a big customer, leading to significant company losses. Despite remaining profitable, all profits went to paying old suppliers, leaving him unable to pay personal bills.
Playing Too Small
If your business is profitable but you still can't pay yourself, the whole operation is too small for you. It's crucial to aim higher and expand your reach.
Cycles of Profit
Apply
Get yourself out there and make your presence known in the market.
Demand
Identify and focus on the problem you're going to solve for your customers.
Quality
Determine how well or differently you can solve that problem compared to competitors.
Quantity
Figure out how much you can duplicate the process to scale your business.
Scaling Your Business
1
Start Small
If you have five clients now, aim for 50. Don't worry if you think you can't handle it - leverage other resources to make it happen.
2
Think Bigger
If you have 50 clients, aim for 250. Your personal bills should be easily covered, and you should be earning more than just a living wage.
3
Double Your Growth
Try to double your customer base in the next 90 days, then double it again in the following 180 days.
Embrace Success and Think Big
Choose Your Path
Some businesses just get by, some don't, and some crush it. Which do you want to be?
Avoid the Stress of "Getting By"
Anyone who's "gotten by" before knows the stress, anxiety, and worry it entails. Being in that state constantly is bad for your health.
Get More People to Buy
Focus on getting more people to buy from you by solving their problems effectively.
Secure Your Future
Ensure the future success of your business and the livelihood of you and your loved ones by thinking big with your business cycle and your life in general!
Continue Reading
Want to learn even more about how to change your mindset and achieve your goals? This blog post is just the beginning. Explore more of our library of articles to gain further insights into growth and success.
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