For the past 7 years, I've been living as a digital nomad. Unlike most digital nomads, I travel with heavy luggage, primarily dedicated to video gear.
There's a specific reason why I put up with lugging so much stuff around - and why I wouldn't recommend doing this in most cases.
I've built several businesses, following different business models and in different markets. What I've never done throughout all this is take on any kind of debt or external funding.
I've bootstrapped all my businesses. Including ones that come with considerable startup cost, such as Thrive Themes. I recommend you do the same, no matter what business you're trying to start.
Keep reading to discover why the bootstrap mindset isn't only about saving money & how you can become your very own investor.
"He made $26K flipping silly little websites!"
This ad copy caught my eye. It's a perfect example of a tempting "business opportunity". In one simple sentence, the ad implies that there's some little-known, simple thing you could learn how to do, that could make you a lot of money.
Thousands of entrepreneurs and wannabe-entrepreneurs fall for such promises. And this leads them down a predictable and ultimately disappointing path...
If you look for advice on how to be successful and make it as an entrepreneur, you'll soon encounter "follow your passion", "do what you love most", "dream big and go after your dreams" and other variations of this same idea.
For the most part, this is awful advice. Often given by people who are either delusional or just happened to get lucky themselves.
In today's post, let's take a look at why the idea of following your passion fails and why swinging too far the other way is also not the right solution.
We've all been told a dozen platitudes about failure. For example, that it's not about how often you fall, but how often you pick yourself back up.
This is technically true, but if all you do after a fall is pick yourself back up and keep going, you're missing out on possible the most powerful learning tool at your disposal...
If you've been frustrated because you constantly have ambitious goals and you constantly fall short of them, the strategy I'm sharing with you today might just change all that.
Here at ActiveGrowth, I believe there are 3 pillars to building and running a successful business:
In other words, your personal character, work ethic, productivity, skills etc. are one third of the equation.
In today's video, I confess one of the mistakes I've made in this very aspect, even though I'm the guy who should have been able to predict and avoid such a mistake more than anyone...
If you're thinking that all that sounds like a lot of work, you're absolutely right! Not only do we advocate doing a lot of work, we also advocate doing very difficult work.
This could be a problem. Maybe you got into online marketing because you wanted to do less work and because you were hoping for some hands-off, passive ways to make a living...
If that's the case, I've got some bad news and some good news for you.
There are many websites you could be visiting and many blogs you could be reading. So why spend your time here, on ActiveGrowth, instead of out there, where hypey content, distraction and funny cat gifs beckon?
There are 3 good reasons to be here. ActiveGrowth stands for 3 things, above all else. There are 3 things that, in my entrepreneurial journey so far, have given me an unfair advantage over my competition.
This post is about those 3 things.
A failure to get shit done is a very common problem among entrepreneurs. We're all better at coming up with ideas than at seeing them through to completion (as we've discovered in various previous posts).
When you procrastinate and deliberate instead of finishing and publishing, you always have good reasons. At least, they sound like really good reasons when you tell them to yourself...
One of the most common reasons to put things off is the feeling of being unprepared. You're just not ready for this yet. You just need to get a bit better, learn a bit more,...
In this video, I reveal something about myself that will help you change your mind and get more done.
I will launch the product, but I need a good logo first...
I can't publish my book yet, there are so many things I want to change...
I'm going to start selling my e-course, but first I need the perfect design..
Do you ever catch yourself saying this? Putting off a project because you feel like so many things are missing?
You're not alone.Continue reading
This is a further video in my series about why publishing lots of stuff is more important than publishing great stuff.
One of the things that holds entrepreneurs back from publishing content and launching products is this creeping feeling of "it's just not good enough".
Is this a justification for not publishing? Isn't it better to spend more time working on your content or product, so that what you will eventually release will actually be good?
The answer depends on why you hesitate to publish in the first place, as you'll see in today's video.
This is a follow up to my post about quality vs. quantity in content marketing. In that post, we came to the conclusion that you can only create good, high quality content through practice. And practice means creating lots of content.
You may agree with this premise, but still struggle to put it into practice. Today's video is a reframe that will help you overcome this problem.