You see success - what then?

10 replies
When you start to get some runs on the board, some success, what do you do.

I don't mean, "Ooh, look, I have one sale, maybe I should retire", I mean that you are at a point where you think you're doing well, but are looking to get to the next level.

Do you look to diversify, scale, or look for a mentor, or all three?

What are you own personal triggers to cause you to look for whatever it is that you look for to get to that next level?
#success
  • Profile picture of the author apoorv.parijat
    Having seen success, here's what I'll do -

    1. Reflect
    Learn from mistakes made. There'll always be things that could've been done better. It's very likely that ~20% of work done brought in 80% result and the 80% work wasn't much useful. Knowing the second half is an important take away and will help in speeding up things next time.

    2. Automate the process (scale)
    Having done it right once, I'm in a great position to automate as much as possible. This leads to scale and cutting down my time spent.

    3. Diversify
    At this point, I've automated the process to a good extent which has implicitly cut down my involvement. This extra time gives me the opportunity to diversify and experiment other ideas.

    Also, I'll not spend time looking for a mentor. I've always found people more than happy to help, here on the forum and generally. When in doubt, just shoot emails.

    - Apoorv
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    • Profile picture of the author alvinhy
      Originally Posted by apoorv.parijat View Post

      Having seen success, here's what I'll do -

      1. Reflect
      Learn from mistakes made. There'll always be things that could've been done better. It's very likely that ~20% of work done brought in 80% result and the 80% work wasn't much useful. Knowing the second half is an important take away and will help in speeding up things next time.

      2. Automate the process (scale)
      Having done it right once, I'm in a great position to automate as much as possible. This leads to scale and cutting down my time spent.

      3. Diversify
      At this point, I've automated the process to a good extent which has implicitly cut down my involvement. This extra time gives me the opportunity to diversify and experiment other ideas.

      Also, I'll not spend time looking for a mentor. I've always found people more than happy to help, here on the forum and generally. When in doubt, just shoot emails.

      - Apoorv
      Just a question on Automate, how do you automate a blog if you need to new posts every now and then?
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      • Profile picture of the author apoorv.parijat
        Originally Posted by alvinhy View Post

        Just a question on Automate, how do you automate a blog if you need to new posts every now and then?
        The extent of automation depends on what you are doing, obviously. For a blog, you order content but you'll be required to proofread it. For a service, you hire virtual assistants which will save you good chunk of time but then, you've to be around for assigning tasks and making sure work is done. Also, hiring/training can take significant time.

        Automation only appears to be straight forward. It happens in stages, not in one shot and takes a lot of time. In extreme scenarios, you'll need to build internal tools to fill in the gaps. Here's how I automated my service business -

        Stage 1
        Problem - Generate more content.
        Solution - Hire filipino writers

        Stage 2
        Problem - Writers not delivering on deadline
        Solution - Write articles myself. Hire in-house writers along with filipinos.

        Stage 3
        Problem - Task assigning not manageable over email anymore
        Solution - Use Basecamp

        Stage 4
        Problem - Order volume increased. Each client order in email needs to be copied to Basecamp and assigned. Writer uploads the article to Basecamp. The articles needs to be zipped and emailed to client. The whole process is slow and prune to a lot of human error.
        Solution - Develop custom project management tool. Each writer has an account and uploads an article against a project. Articles are zipped and emailed to clients in a single click. It also implicitly helps track deadlines.

        Stage 5
        Problem - Too many article writers and orders. Just task assigning is taking up a lot of time. Also, proofreading article is becoming cumbersome.
        Solution - Hire a manager

        The above is a minimal version of problems faced. It took more than a year to setup but it has paid off.
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  • Profile picture of the author writeaway
    Figure out what you're doing right and scale up. Mentoring is usually a rip off unless the mentor is doing the exact same thing you're doing. If he or she isn't there are tons of free resources available online to help you get motivated/think up solutions.
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  • Profile picture of the author Danielle Murphyx
    Banned
    I don't why you would look for mentoring, as long as it seems that you are already doing it right on your own. Maybe see exactly what is it that brought your success and focus on that. Diversification is good too.
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    • Profile picture of the author agmccall
      Continue to follow the plan you should have already laid out

      al
      Signature

      Broken promises don't upset me. I just think, why did they believe me?
      ~Jack Handey~

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  • Profile picture of the author Darryl Smith
    Find out where your weakness' are and how they have held you back. Then get help, probably from a mentor on how to close those gaps in your skill set. I found a good mentor, who helped me overcome my 'failure' issues, and I have not looked back.

    If you have a successful formula which you seem to have found, rinse and repeat as you have found what many people look years for - something you can do which works for you and which you can now develop and expand on.

    Darryl
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  • Profile picture of the author SaraHendren
    Scale up!
    Be more adventurous and try new things.
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    • Profile picture of the author Naeema Anum
      make a nayse of what went wrong and what was right. Repet it.
      try to invest in more traffic, outsourcing , good coaching or courses. On the whole expand the busniess.
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  • Profile picture of the author Chris Luck
    Scale

    Scale

    Scale

    Then find a Mentor to help you scale even bigger using strategies you haven't tried.
    Signature
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