The Rich Webster Show
The 3 Phases Of Solopreneurship (Say Yes, Say No, Buy Back Your Time)
Oct 1, 2023
The podcast discusses the three phases of solopreneurship and the importance of managing your time, money, and mind. It explores topics such as developing profitable skills, prioritizing revenue-generating tasks, and buying back your time. The hosts also touch on the mistakes people make when they have a little bit of money and the challenges faced in different phases of solopreneurship.
34:22
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Quick takeaways
- Phase 1: In the initial phase of solopreneurship, where you have more time than money, it is crucial to focus on acquiring profitable skills, providing services, and build expertise, while spending time on tasks that directly make money and increase customer value.
- Phase 3: As a solopreneur progresses and has more money than time, it becomes essential to strategically delegate tasks that are value-neutral or value-negative, freeing up time to work on growing the business and adding massive value.
Deep dives
Phase 1: More Time than Money
In this phase, you have more time than money and your goal is to say yes to opportunities and follow your curiosity. You should focus on acquiring profitable skills, providing services and building expertise in a specific area. Additionally, it is important to develop solopreneur skills and understand different acquisition channels for your business. The key is to spend your time on tasks that directly make money and increase the value you provide to customers.
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