April 12, 2022
In this insightful discussion, we explore the most effective strategies to achieve a monthly income of $10,000 by 2025. The focus is on mindset shifts and practical steps that can lead to sustainable success, rather than quick fixes or cheat codes.
Achieving a consistent income of $10,000 per month is not about finding a magical solution; it’s about addressing the mindset that often holds individuals back. Many entrepreneurs focus on external factors, seeking quick fixes, rather than looking inward to identify the mental barriers that prevent them from reaching their financial goals.
During a talk in front of 150 people, I emphasised that small business owners need to fear the challenges in business less. This realisation led to the birth of Fearless Business Coaching. The journey begins with recognising that the obstacles we face are often rooted in our own fears, such as:
Instead of hiding behind screens, many entrepreneurs need to confront these fears head-on.
A common misconception is to prioritise sales over marketing. However, the correct order is to market first. This approach allows you to initiate conversations that can lead to sales. Here’s a simple breakdown:
When businesses plateau, it’s essential to return to the fundamentals that initially drove success. A client of mine faced a decline after years of growth. Upon reflection, they realised that they had stopped engaging in local networking and community activities that had previously brought in business. Sometimes, it’s necessary to get back to basics and do the hard work that may feel beneath you.
Achieving $10,000 a month is not a one-time event; it requires consistency. Many entrepreneurs give up after a few attempts, but success often comes from persistent effort. For instance, the average podcast has only seven episodes, while successful ones can have thousands. This illustrates the importance of sticking with your efforts, even when immediate results are not visible.
In today’s economy, the financial targets we set may need to be adjusted. The reality is that what once seemed sufficient may no longer be enough. For many, aiming for $20,000 a month might be more realistic than the traditional $10,000, especially considering the rising costs of living.
Running a business can be incredibly stressful, and mental health is a crucial aspect that often gets overlooked. It’s vital to create a supportive environment for yourself and others in your network. Engaging in conversations about mental health and seeking help when needed can make a significant difference in sustaining your business.
One of the most significant shifts you can make is to detach your income from the time you spend working. Instead of trading hours for money, consider creating scalable products or services. Here are some options:
To reach your financial goals, it’s essential to understand the math behind your income. For example, if you want to earn $10,000 a month:
This approach allows you to focus on fewer clients while maximising your income potential.
Finally, determination is crucial. The journey to consistent income is not always smooth. You may experience ups and downs, but staying committed to your goals is essential. Reflect on what actions led to your successes and learn from your experiences.
In summary, achieving $10,000 a month in 2025 requires a combination of mindset shifts, consistent effort, and a focus on mental health. By prioritising marketing, detaching time from income, and setting achievable goals, you can create a sustainable path to success. Remember, business is not about quick wins; it’s about staying in the game long enough to achieve your dreams.
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