#Niche

The Anatomy of a 7-Figure Entrepreneur’s Mindset

The Anatomy of a 7-Figure Entrepreneur’s Mindset

I have a question for you.

"What would you ask if you could get the chance to sit down with a few entrepreneurs who have built their 7-figure businesses with no outside funding?"

This was the motivation behind my recent live panel discussion event, “How I Built My 7-Figure Business with No Funding.” I wanted to provide the opportunity for my members to hear directly from 7-figure business owners what they have experienced throughout their journey building one.

Here's the thing, many dream of running a multi-million dollar business. You might be one of them. But what people may not realize is that we are talking about gross revenue. It's not like you get to sit on the entire revenue. If you are visualizing having a bank account with 6 zeros as the available balance, that is not really the case.

Not only that, there are a set of challenges to scale a business beyond the first million, such as building a team, weighing what to risk for greater rewards, what to say no to (that you used to say yes to), etc.

My thought process was, "What do I want aspiring entrepreneurs to know about scaling up?" Because making a million in business gets way too glorified--especially online--I felt the need to get the right message out there.

So, the game was on. I started to reach out and see if anyone would be interested in sharing their stories. Soon, I was introduced to a few ridiculously successful entrepreneurs - Lucky Gobindram from Cemtrex, Karen Morales from Marketing Magnet, Mel Pharr from MelissaPharr.com & Luisa Zhou from LuisaZhou.com.

I can't tell you how many golden nuggets they openly shared. I mean, there was a lot that made us all think on a deeper level.

In this post, I'm going to feature the most memorable concepts they revealed that you are going to absolutely want to take on so that you can tackle building a multi-7-figure business by being level-headed.

Oh wait, one more thing... At the end of the post, I'll also share my behind-the-scenes thoughts you would be glad to know (because these are the things not often shared as key to becoming a successful & happy multi-7-figure business owner!) 

Don’t Make These 6 Critical Mistakes When Carving Out a Profitable Niche for Your Service Business

Don’t Make These 6 Critical Mistakes When Carving Out a Profitable Niche for Your Service Business

Hello, multi-faceted creative entrepreneurs with mad skills! 

 

If this is you AND your desire, vision & mission is to build a high-functioning, profit-generating business, then you’ve just landed on a gold mine. I am about to share 6 deadly mistakes that many creative service business owners make while they are on the hunt to discover a profitable niche that they can then double-down on.

 

There are many articles out there that cover steps (usually anywhere between 5 to 7 steps) to find a profitable niche. They are helpful, but no one really talks about the pitfalls that come with the process.

 

You may have already entertained the idea of niching down your wide range of offers before. Perhaps you may have tried by yourself, but it didn’t work out. That’s totally OK.  In this post I will show you why some attempts fail. These mistakes can be avoided so long as you are aware that they exist.

 

Just in case… if you are wondering why finding your profitable niche is so vital to your business, I’ve got you covered as well.  Before reading this post, start with “How to Niche Down Your Services When You Have So Much to Offer pt.1” (link).  This post explains 6 major reasons why it helps you grow your business exponentially.

 

OK, one more thing before diving in, allow me to clarify a bit about who this post is for. Better yet, let me explain this post is not designed to help those who:

1.     have not yet started a business and are looking for one to start

2.     are wanting to find a niche product to sell online, i.e. Amazon FBA

3.     are searching for a profitable affiliate marketing niche

These require a completely different set of playbooks. Instead, this post is particularly designed for multi-faceted service business owners who have existing offers that are generating revenue but want to narrow down (niche down) and redefine their profitable niches.  

Without further ado, let’s dive in.  

How to Niche Down Your Services When Your Business Has So Much to Offer Pt. 1: The Fine Dining Menu Strategy

How to Niche Down Your Services When Your Business Has So Much to Offer Pt. 1: The Fine Dining Menu Strategy

Who says you can’t learn anything by just watching Netflix?  You can.  If you pay attention, that is.


The Netflix series, Chef's Table, is a secret obsession of mine.

The show is about the stories of highly regarded fine dining chefs who take you through their journey by candidly sharing their anguish, failures, creative process, adversity, breakthroughs, desire, resistance, recognition, and perfecting their craft as a chef as well as a business owner by finding their own voices through food.