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Do this instead of starting a new business
It will make you money for life
A few years ago I started an e-commerce business (that I still operate on the side). After the 1st year of making a loss of €10.000 (story for another time), it started to become somewhat profitable.
Although it made me a bit of money over the years, it was hard as fuck. I needed to learn so many things at once:
Product research to see what products to actually sell
Graphic design to design listings and packaging
Supply chain management to not run out of stock every time
Accounting to calculate if I would actually be profitable
And more… (customer service, marketing, branding etc.)
When you think about it, every business model is a bunch of skills stacked upon each other.
That’s also why it’s so hard for complete newbies to start a business from scratch. Learning all the skills at once to get a business running takes effort and time for learning. This is also a reason why so many people fail and give up.
Don't start 'the new perfect business model opportunity'. Work on a skill and improve it. Over time you become better at that skill and start to stack more skills upon it.
To take myself as an example:
Right now I’m learning the skill of writing and audience building. That’s what I’m doing with this email list and my twitter account.
I want to take this writing course to write even betters newsletters to you guys.
Next year I want to apply for a job and learn the skill of sales.
I’m also looking for this design course to learn the basics of graphic design.
All these skills stack up on each other:
Copywriting + Sales + Design + Audience building = Lethal entrepreneur
It’s a longer game we can use the skills we learn for the rest of our careers.
Keep improving 👊
Ivan