No pain, no gain, no easy money!

August 26, 2022

In this issue, you'll learn:

  1. How easy or hard is it to make money?

  2. How you should go about doing that on your founder's journey

Reading time: 2 minutes.

Revenue streams refresher

Find it in a thread-like format:

Which one is better?

Diversifying ways to make money is best.

If you had to choose, you would start with easy sources and move to harder ones as you succeeded in getting more resources.

If you are starting up on your own, this is a good way to get experience and money at the same time.

If you are trying to raise money, experience would be a big help.

I made this quadrant to help you choose when you have the right resources.

Revenue stream ranking system

  1. Quick Wins: These quick wins are a good place to start. Lots of people would use drop shipping. I, on the other hand, think you should start a service business.

  2. Best bet 1: Your next logical step is to start investing in real estate and rely on that and any cash cows you might have to get to the next stage.

  3. Best bet 2: You can put your money into a SaaS business that is related to your field.

  4. Moonshots: Without raising capital, moonshots are very difficult to achieve. They become moon shots when you invest enough time and effort in them so that they become the default channel to achieve a specific outcome in a specific geography.

Wrap up

The blue print is:

Service business -> Real estate investment -> SaaS service (bootstrapped) -> Moonshot (Raise capital).

Significant discount for CEOs and Founders

0.4% of firms make $10 million.

1000 hours of coaching proved one thing in common:

It's the 3 CEO systems of vision to execution.

I was recently chosen out of 10% of experts around the world to build on MavenHQ.

Today, I launched and opened enrollment for my first Maven cohort!

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- Luqman