Episode 2: Myths of Running a Services-Based Business

 

There’s not a ‘one size fits all’ approach to running a service-based business, you can pick and choose any or none of them. It’s about what works for you. *PIN* the scoop on how to navigate these scary entrepreneur service based-business waters.

If you run a services-based business, you’re going to love the three myths we’re breaking down in this episode. The truth is offering a service is the fastest path to cash and the majority of people with online-based businesses are actually offering, you guessed it services!

Here’s the scoop from episode #2:
  • Sometimes running a service-based business can earn you the ‘side-eye’, we explain why this can make you feel ‘less than’ and how to overcome it.
  • We break down what ‘passive income’ is, and why it’s not actually passive some of the time.
  • We’re busting through the common myths of running a service-based business and breaking them down.
  • We see people all the time wasting too much time, energy, and money on passive income when they could probably take the ‘fastest path to cash’ and start doing more 1:1 work.
  • It takes a really long time to build a successful business that’s not service-based, when a service based business can help you really figure out your flow.
  • You can build a service-based business with a really small list, we share examples from our own businesses.
  • Growing a list and having a website, etc. over time is important over time as you build your business, but they are not essential to getting started.
  • There is not a ‘one size fits all’ approach to running a service-based business, you can pick and choose any or none of them. It’s about what works for you.
  • You have to look at what a viable income is for you and reverse engineer your business from there; not just aim for that ‘6 figure’ mark
  • You are not indispensable to your clients: there is never a lifetime guarantee, you want to create a relationship that’s a partnership with your clients.
  • Don’t fall into the trap of creating a new job for yourself where you end up with 5 or 6 bosses instead of being your own boss.
  • If you care more about your clients’ business than they do, something is going wrong.
  • If you’re constantly saying ‘yes’ to things you shouldn’t be doing for the client, you’re not serving them well and they will eventually get wise to that.
  • You should never be more committed to the success of a client than you are to having them committed as a client of yours.
  • If this sounds like you, give yourself some time and space to think about it and analyze where you are in your business.

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