building a sustainable business that you love / episode 7

In this episode:

  • why I decided to switch from 10 minute to open-ended rambles

  • why you can’t just rely on the initial excitement

  • the key to running a sustainable business

  • why what you love can be your competitive advantage

What I’ve learnt…

When I first launched this podcast, I wanted it to be short, motivational pep talks to encourage you on your business journey. I normally share weekly 30 minute video updates with my Workshop patrons and 30 mins - 1 hour podcast episodes with all my patrons every 2 weeks. 10 minutes weekly episodes sounded so easy in comparison.

It turned out to be a lot harder than I expected. I quickly realised that I’m a rambler and limiting how long I spoke for was actually harder (it’s definitely a skill to be concise and to the point).

It’s not to say that I couldn’t continue doing 10 minute episodes, but it would definitely be easier and more enjoyable for me to just let myself ramble on more casually. And if it’s more enjoyable to do, I’m more likely to continue doing it.

It’s not all fun and games

The beginning stages of launching a business can be so exciting, but once that initial excitement inevitably dies down, and you’re a few months in, it can be hard to stay just as motivated or determined (especially if your sales have slowed again - which is, may I remind you, perfectly normal and to be expected).

I’m more than 3 years into my business and have been a freelancer for over 12 years. Do I love what I do? Absolutely. But are there still days when I don’t feel like doing anything and motivation is nowhere to be found? Yep.

But what keeps me going is the underlying love for it all. The good and bad and everything in between. When you remind yourself why you started and why you’re doing what you’re doing, it’s a lot easier to stay on track and to push through the slow periods.

What you love = competitive advantage

We all have our own unique interests, and chances are, you know more about a particular area or interest than the average person. When we love something - whether it’s fishing, postage stamps, nail art - we spend a disproportionate amount of time consuming content around that interest. This isn’t the only way you can launch a successful business, but it certainly makes it a lot easier when it’s all about the topic you love and one you know more about than most people.

Let’s say person A likes indoor plants. They don’t love indoor plants, but they have a few and enjoy them. They also know it’s super popular at the moment, there’s lots of money there and so they’re thinking about starting an indoor plant business. On the other hand, person B loves indoor plants. She watches YouTube videos only about indoor plants and listens to indoor plant podcasts. Every waking moment, she’s thinking of indoor plants, so she decides to finally launch her business.

Who do you think will find more success with their indoor plant business?

Okay, so it’s not that simple and there are so many factors at play. But the point is: you have a greater chance of sticking with your business, through the good and bad, and standing out from the crowd, when you love what you do. It naturally becomes your competitive advantage when you build a business around that knowledge or love. Sure, someone else might be an even bigger fan or have more expertise, but 1) they might not care for monetising it and 2) they aren’t doing business the way you are.

You don’t have to be the best in the industry, or be the ultimate expert. Just being a few steps ahead and knowing more than most people can make a big difference. Not only will it help you stand out from the (business) crowd and keep you going through the downtimes, but it’ll also attract like-minded people who have been looking for someone just like you, or a business just like yours.

 

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on finding your style and not putting pressure on yourself w/ Savannah Scribbles | episode 8

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dealing with impatience / episode 6