6 Lessons Learned After 6 Years As An Entrepreneur

6 Lessons Learned After 6 Years As An Entrepreneur

Last period made it 6 years since we started The Humble Penny and we've been reflecting connected what we've learned this twelvemonth 😀.

If you want to commencement a broadside hustle aliases business, taking that first measurement is key.

Most group tin go entrepreneurs and moreover do it alongside their time occupation if they want.

However, from a mindset perspective, it's important to spell into it pinch nan correct intentions, put nan activity successful and enactment elastic to study regular arsenic things change.

Recommended: Start a broadside hustle that pays you recurring income monthly

This image is simply a bully illustration of america stepping extracurricular our comfortableness zones and learning really to big and question and reply people. As labor turned entrepreneurs, we've learned that being a small braver to do things that agelong you pays off.

Here is what we learned astir moving a business successful our 6th year:

1. From Blogger to Author 

Although a batch of group cognize america from our YouTube videos, what immoderate group don't cognize is that we first honed our skills by starting a blog.

I would constitute and my wife, Mary, would creation nan imaginative assets.

This twelvemonth made maine realise what each those years of blogging were preparing america for.

Not only did our blog turn successful authority, but we besides published our debut book📕.

This twelvemonth taught maine that penning for nosy opens up much possibilities than you tin imagine.

Did I deliberation that 1 time I'd go an author? Heck no! 

I conscionable wanted to do thing imaginative that helped others extracurricular of my boring job.

The personality of an ‘entrepreneur' is thing I've gradually embraced complete time.

2. Tracking Sleep 

We tracked our slumber scores this twelvemonth and this has helped to amended our results and alteration our behaviours.

Aiming for an fantabulous slumber people intends that we unit ourselves to slumber 7 to 8 hours a time now 😴.

This helps america person 4 slumber cycles which helps pinch beingness and intelligence recovery.

If you'd for illustration to way your slumber score, I usage this watch.

What gets measured gets improved arsenic you know. So commencement today.

3. 80% Writing, 20% Working 

In nan past 12 months, I spent astir 80% of my moving clip writing📝 and 20% connected different business activities.

Yet, our business and platforms still ran smoothly though not perfectly.

This reminded maine of nan value of having systems that do a batch of nan dense lifting.

Plus, freelancers who activity a fewer hours a period to thief america support things moving.

This measurement you enactment thin and still get awesome results 💪🏽

My constituent present is, that erstwhile you commencement a broadside hustle aliases a business, you person to dainty it for illustration one.

Get immoderate thief and don't do everything yourself.

Otherwise, you're simply creating different occupation for yourself.

Recommended: 12 Lessons From 5 Years of Entrepreneurship

4. Planning The Year 

To enactment ahead, we planned nan afloat twelvemonth 📅.

On an Excel sheet, we create some a multi-platform scheme for contented and a scheme for income complete 12 months.

This way, we ne'er spell into nan caller twelvemonth blind.

We past attraction connected 12-week cycles of activity.

Note that we've not ever been this organised. It has taken 6 years to get here.

However, if you adopt this mindset for your broadside hustle aliases business, you'll flourish.

5. Continuity As a Platform 

We learned nan value of sustainable business models e.g. Starting memberships.

This not only creates continuity but creates organization and a abstraction to genuinely study nan problems you tin thief your organization solve.

In nan property of AI, having a sustainable business model🔋is what will thief you protect your income.

I deliberation it has ne'er been easier to start.

You tin subordinate our free 5-day challenge to study how.

6. Reinvest In Other Assets 

Applying my Personal Finance skills, I've learned to reinvest astatine slightest 20% of immoderate profits successful different assets🪴outside our business.

This helps to sow caller seeds and create a equilibrium successful nan seasons erstwhile things don't spell well.

It ensures nan sustainability of our work, meaning that we'll beryllium astir for longer.

I deliberation this is wherever a batch of mini business owners fail.

They put each their eggs into 1 handbasket and don't diversify.

Bonus extremity – Give 

We've enjoyed giving this twelvemonth beyond nan 95% – 99% of everything we already create for free.

Giving nan gift of mentoring aliases afloat paid scholarships aliases financially supporting others starting retired successful mini ways, has been very rewarding 😊

Giving isn't conscionable astir money. Give your time, talent, network, etc

What matters is nan bosom pinch which you springiness 🫶🏾

More to publication astir becoming an entrepreneur:

• How I Make £4,596 Per Month and Growing
• Want to commencement a business but person nary ideas? 
• How to Start a Business: 10-Step Guide

More to watch astir becoming an entrepreneur:

👉🏽 Are you reasoning astir starting your ain business aliases broadside hustle? What is nan biggest symptom constituent aliases struggle you have? 🤔. Comment below