Do you want an extra $100, $1,000, $10,000, $100,000, or more per month? What are you willing to do to get there?
I know of someone who started a business with $25. He makes $5 a day in profit. That extra $150 per month is double the average income of his country. He lives well.
I know some single moms who work 5 hours per day and with the help of their team, make $30,000 per month. Their life revolves around their kids, but they figured out how to grow and run a business.
I have some friends who make tens of millions of dollars per month. They are rich. They also work non-stop at the expense of their family, friends, and health. That said, they won’t be hanging out with you.
Or maybe you’re like me. I like making money. I like work. I like the challenge of growing a business. I find it a lot of fun. I hope my tombstone one day includes “Businessman” on it. (In addition to some other things like Husband and Father.)
When I started my business, I thought being a business owner was all about making as much money as you can. But it’s much more than that. My needs and interests have changed over the years.
Before diving into what you want from your business, it’s essential to set clear, specific goals.
Success looks different for everyone, so take the time to define what it means to you. Whether it’s financial freedom, more time with family, or making a positive impact on your community, having a clear vision of your goals will guide your decisions and keep you focused on what truly matters to you.
I have dozens of employees.
They all have families, friends, and communities. The more I can pay them, the more impact they can have on their communities. Or the more employees I have, the more people I can empower in their own ways. As you grow your business, it’s important to remember that the decisions you make can also ripple outwards, affecting not just your life but those of your employees and their communities.
While the idea of making millions sounds appealing, it’s important to acknowledge the challenges that come with it.
My friends who make tens of millions per month are indeed wealthy, but they sacrifice a great deal—time with family, friendships, and even their health. This isn’t to dissuade you, but to ensure you’re prepared for the trade-offs that might come with certain business paths. Balancing ambition with personal well-being and relationships is crucial.
There is no right answer to what you should do with your business—it’s up to you. You don’t need to make a million dollars a year if you don’t want to. If you don’t want to work weekends, you need to build your business around that.
Ultimately, it’s up to you. What do you want from your business?