đ x 5 Award-Winning Social Entrepreneur. Sold my first one-person business at 28. Currently traveling Southeast Asia.
His biz failed and he went broke â¤ď¸âđŠš
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I was at a start-up event last night. It was hosted by an incubator called Catalysr. These were early-stage start-up founders. One of the speakers was a seasoned entrepreneur. He could have talked about anything. Fundraising, product-market fit, hiring to scale. Nope. He talked about one thing. The power of networks. He said this: âYour network will determine your success.â He talked about how his first start-up failed. And he went broke. The one thing that saved him? The people he knew. Not his idea. His network. Because when youâre stuck⌠Itâs not strategy that saves you. Itâs people. People who open doors. Thatâs why I built Launch To $5k Inner Circleâ˘. Itâs not just coaching. Or another course. Itâs access to a high-calibre network. Solopreneurs who are building lean, offer-first businesses. Inside, we fix whatâs broken: When my first business almost failed. It was the community I joined that got me back to $20k+ per month. And a recommendation that led to the sale of that business. Thatâs the power of who you know. Reply âSTART-UPâ and Iâll send you the details. Stay Limitless, Michael ânetwork makes the dream workâ Lim |
Michael Lim
đ x 5 Award-Winning Social Entrepreneur. Sold my first one-person business at 28. Currently traveling Southeast Asia.
My email yesterday struck a chord. I received emails like this: While I love hearing from you guys, these emails break my heart I canât help but feel terrible. I know exactly what it was like to be in this position. Iâm not in my 60s, but Iâm familiar with being and feeling stuck. 2 years ago, my first business was failing me. I did well in my first year. But I didnât build my sales engine. My clients ghosted me. A big proposal fell through. I got hit with a massive tax bill. I couldnât deny...
I would say sorry, but Iâm not sorry at all. In fact, I enjoyed it. And he started it. (So itâs really his fault) Matt reached out to work with me last year. He told me he was stuck. He couldnât crack a monthly income goal. He had been working with a coach who wasnât getting any results. Even after six months of work together. He still had: No sales system. No offer clarity. No real progress. When we started together, we tore down his biz. Rebuilt his offers. Simplified his message....
One of my friendsâ start-ups got copied. He has a business-to-business software as a service. I wonât go into too much detail. (to avoid future copycats) But he came across a website that copied everything. The copywriting.The product.The positioning.The ideal client profile. Even the branding looked the same. He was anxious for days. He and his co-founder kept struggling to understand what to do. They contacted clients and reassured them. This was a massive threat to his business. When I was...