How Every Entrepreneur Build Their Passive Income
Do you have the mindset for it?
Do you remember the first time you made your first dollar, your first sale, your first subscription, your first download, your first sign up?
How did that make you feel? Excited? Surprise?
Fast forward, you start failing… You start playing the victim. You developed the impostor syndrome. You lost yourself at that moment. How many of you have been in that situation before? I know I did.
Most people what they do when that happens, they look for new solutions. Try new things. Became more greedy. Only to bring them more failure.
What most people forget is how they got started, what was their mindset and strategies they had when they made their first dollar.
Let me share with you, the four things that you need in order to start getting back on track. This is what I usually do when that happens. Here are the 4 steps framework that has actually benefit me.
1 — Mindset
How do you overcome your current obstacle?
By acknowledging your mistake.
When you are so used to seeing success, you find it hard to admit that you too, can make mistakes from time to time. Tell yourself it’s okay to make mistakes. Big or small. Get rid of your perfectionist mindset and learn to grow in your journey instead.
Progression > Perfectionism
Take this time to listen to your problems or issues that you have with yourself or your business. Find the common traits that all of them have? Address that issue.
Instead of asking yourself, why is this happening to you. Break it down and reverse engineer what went wrong.
Create a new system on how you can solve this issue. Once you have a system in place, you will see a difference in what you are doing.
2 — Community
Are you in a community of like-minded people? Do you see others thriving for success on a day to day basis? Sharing their learnings and mistakes? Being an entrepreneur can be quite lonely at times. Especially when you are failing. You need a community more than anything.
You will see someone in the same situation as you but they have conquered that obstacle. Wouldn’t it be nice if you can reach out to that person and learn from their sharing?
You see someone with similar goals with you sharing their journey in the community. Wouldn’t you like to connect with that person?
You see someone who is 5–10 years ahead of where you want to be at. Wouldn’t you want to learn from that person?
Being in a community helps you move 10 times further to where you are now. If you are still considering whether or not you should be in a community, join one and observe what people are doing in the community.
3 — Challenge
Once you have the mindset for it and you have a community where you can connect and find solutions, the next thing you need is a challenge.
Why a challenge?
When you have ideas and answers laid out for you, don’t you think practicing it is important?
When you set a goal, you need consistency to create results. Having a challenge helps you be consistent and accountable with yourself. If you have the tools and answers to how to be happier, will a 30-day challenge on how to be a “better you” help you be happier than where you are right now? Do you see where I am coming from?
How many of you feel like this can be you? Having a strong mindset and a community for success? Why not join this 30 days challenge that I've been through that actually change my life. This challenge is called the “one funnel away challenge”
This is where you can learn the frameworks to create your next course, your next funnel, your next sales, your next subscriber. You won’t be alone, you will be surrounded by like-minded people who are action takers like you. If you are serious about creating more success and impacting more people with what you have, join the next challenge now > one funnel away challenge
4 — Accountability
Do you trust yourself in doing things on your own? I know I don’t. I tend to procrastinate and disrupt my flow of work. Don’t you think by having an accountability partner will help you with your work?
When you have a partner, your partner will make sure that you get things done. Your partner wants to see you succeed as much as you want them too!
Hope this framework helps you create your next big thing. Most entrepreneurs practice this framework to create their next passive income and other aspects of their life too!