One of my businesses (90+% profit margins for those who care) is growing steadily.

Thread on 3 random obstacles I came across and how I adapted and overcame them:
1. There comes a point when YOU are the bottleneck of your business.

You can't spread yourself thin.

Your $ becomes tied to time (which you never want).

I was working in marketing, sales, fulfillment, and every aspect of the business.

I hated it despite the nice little cash.
Solution:

I mapped out what parts of the business I enjoyed and didn't.

Even though I was good at sales/marketing, I enjoyed fulfillment more.

I hired for marketing and sales which cut the amount of time I worked in this business from 8 hrs/day to 2-3 hrs/day.
2. Mindset issues

One of the weirdest things that happened to me was I became reattached to $$$ and the outcome.

Big no no.

I had thoughts of "what if this dries up or just falls apart all of a sudden?"

Irrational thoughts.

My mindset was my worst enemy.
Solution:

Abundance

Reminded myself of who I was and what I had accomplished across multiple businesses.

Knew that if everything was taken from me, I could get it all back again.

This wasn't even my only business

I don't really know why I was tripping

We're all human though
3. I felt burnt out

After working hard every day on a nicely growing business...

I started to burn out from lack of interest.

Part of it could be that COVID restricted me from spending my $ on experiences and travels.

Wanted to quit many times simply because it got boring.
Solution:

No solution yet

I did get a puppy?

I've realized humans need purpose and clarity... and money doesn't fill that void

It's simply a tool to help you move towards your purpose.

Working on it though.

Maybe this is why I'm starting another new business + YT channel...
Anyway,

I just thought I'd be transparent on some of the struggles I've experienced.

There aren't too many tweets out here talking about the obstacles that people face so I thought I'd share some of mine.

Let me know if you have any questions!

We're all going to win.
P.S.S.

I have a 1 on 1 coaching offer for those who are interested in online biz but don't have any particular skill or don't know where to start.

I have announced a week ago that I am shutting it down when I start my new business/YT channel.

DM me if you still want in.
You can follow @paik_michael.
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