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In 2023, he made $8.7 million.
Most people think building wealth is too complicated.
Here is his simple 7-step system for building wealth with any business idea:
Choose a way to acquire wealth
I like the Ikigai practice, which can help you get started.
Identify:
• What you love
• What you can get paid for
• What can help the world
• What you are good at
Don’t underestimate the connection between wealth and your inner peace
Choose a Path to Create Wealth
One of the main problems people have today is a lack of decisive action in their lives.
They do too many things, but none of them well – a path to mediocrity and burnout.
You must focus your time, energy, and bandwidth on one thing
Identify Your Right Customer Avatar
Whether you’re selling coffee mugs or a 5-figure service, you need to know who your target audience is.
Effective founders iterate until they find who their offer is for.
When you try to sell to everyone, you sell to no one.
Create an icon for your client.
Then, the icon needs to be optimized using a system to create a better workflow and deliver a quality product.
The difference between a successful company and a bankrupt company is not having the right icon
Systematize your business in key time intervals
The customer journey is a cycle
Focus on the following stages to gain clarity:
• Purchase
• Onboarding
• Adoption
• Retention
• Expansion
• Referral
If you fail to optimize these areas of your business, you will be burned out
The best way to find clients is with a personal brand
To start developing your personal influence
Here are the 2 best platforms to start creating:
• LinkedIn (If I had to choose one, I would choose this)
Twitter
Building a Strategic Framework for Business Performance
As an entrepreneur, everything you do needs a system.
• Outreach
• Product Development
• Marketing
Build a great product
All these systems mean nothing if your product fails.
As a business owner, everything you do comes down to a great product. A good product creates:
A bad product can get you into trouble
Overcome Your Own Limiting Beliefs
As a founder, you must always be evolving.
Your biggest bottleneck is your own limiting beliefs about your own value.
Once you’ve built a quality product, the next step is to know its (and your) true value.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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