What It's About
Growth is hard. What can you do to break past the barrier?
Notes from Chris
Episode 2195
Working with a partner, today’s caller has built her side hustle to a thriving brand. They’re earning about $50,000/year on $180,000 in sales. But even though that’s great, they have a problem: the business isn’t growing. This is a common problem. I’ve seen it in my own businesses over the years as well. You’re good at building to a certain level, but then you get stuck. So ... what to do?"My partner and I have built our side hustle brand to where last year we earned $180,000 in revenue and about $50,000 in profit. That's great, but there's two of us, and the year before we earned very similar numbers. We'd love to get to something like $200k in profit, which would be $100k for each of us, and most likely it would require annual sales of half a million or maybe $600,000. So my question is: how do we get there? It feels like we've plateaued. Something needs to change, but we aren't sure what it is. I'd love to know your advice!"Listen to today's episode to learn more...
SEE ALSO:
- Catholic Designer Creates Stylish Apparel Line: What shall it profit a man to gain the whole world but not sell any t-shirts? This designer cast his bread upon the waters and ended up with a profitable fashion line.
- Seattle Couple Creates New “Income LiveStream”: When a married couple runs into logistical problems at their wedding, it leads to an innovative service that other engaged couples need during the pandemic.
- Role-Playing Pastor Rolls The Dice On $2800/Month Hustle: Listener success story! This Presbyterian minister turns to his lifelong interest in role-playing games to set up a sustainable second income source.
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