DONT WATCH THIS [record month July 2024]

Summary

In this reflective video, the creator documents his record-breaking month, earning $69,000 through his bookkeeping business and other ventures. He emphasizes the importance of hard work, consistency, and organization as key to his success, while candidly discussing the fears and sacrifices inherent in entrepreneurship. The video serves as a personal milestone and an inspiring message for aspiring business owners, highlighting the potential rewards of perseverance and strategic risk-taking.

Takeaways

• 💼 The video is a personal reflection on a record month, earning $69,467 in July 2024.
• 📊 The breakdown of earnings includes $48,000 from bookkeeping, $5,000 from a bookkeeping course, $5,000 from consultations and digital downloads, $8,000 from private money lending, and $1,600 from YouTube.
• 🙏 The speaker attributes their success to hard work and God's blessings.
• 🚀 The speaker started their bookkeeping business four years ago, quit their full-time job three and a half years ago, and has seen their business double annually.
• 🏠 They run a lean business with no employees or subcontractors, focusing on maximizing profit.
• 💡 Consistency in marketing and advertising, particularly on Facebook, has been crucial to their success.
• 📈 They emphasize the importance of taking smart, calculated risks and staying organized in both tasks and communications.
• 🗂️ Their success is also attributed to their ability to complete tasks efficiently and stay organized using simple tools like Excel spreadsheets.
• ⏰ The speaker works hard, often sacrificing personal time, and emphasizes that starting a business is not easy.
• 🌱 They highlight the importance of consistency, hard work, and staying organized for long-term success in entrepreneurship.

Q & A

What was the purpose of the video according to the speaker?

The speaker created the video primarily for personal reflection on his record month, but also acknowledged that others could watch it if they wished.

What was the speaker's income for the month of July 2024?

The speaker reported making $69,000 in July 2024.

How does the speaker describe the process of starting a bookkeeping business?

The speaker describes it as a scary and challenging process that requires a lot of hard work and is not something that will yield immediate results.

What are the main components of the speaker's income in July 2024?

The main components of the speaker's income were bookkeeping ($48,000), a bookkeeping course ($5,000), one-on-one consultations and digital downloads ($5,500), private money lending ($8,000), and YouTube ($1,600).

How does the speaker feel about the amount of money he made in July 2024?

The speaker is not very emotional but admits to feeling a bit emotional about the significant achievement of making $69,000 in a single month.

What does the speaker attribute his success to?

The speaker attributes his success to God's blessings, hard work, consistency, being organized, and making smart and calculated risks.

What was the speaker's initial reaction to losing clients and getting a new job?

The speaker panicked and took a new job as a staff accountant remotely, but later quit that job and saw his business double each year thereafter.

How does the speaker describe the concept of 'more better new' in relation to his business?

The speaker explains that to improve (better), one must first do more, then learn from that to do better, and eventually introduce new strategies or methods.

Why does the speaker emphasize the importance of consistency in his business approach?

Consistency is emphasized because it helps in building a recognizable brand, engaging with the community, and securing clients through continuous presence and follow-ups.

What is the speaker's view on hiring employees for his business?

The speaker views hiring employees as a significant risk, not only to the business but also to his family's livelihood, and is something he is hesitant to do until absolutely necessary.

How does the speaker approach the task of bookkeeping and staying organized?

The speaker approaches bookkeeping as a series of tasks that need to be completed efficiently. He uses a simple system of trackers and recurring emails to stay organized and ensure customer service.

What is the speaker's strategy for social media marketing?

The speaker's strategy involves focusing on one or two social media platforms, creating a lot of content consistently, and then expanding to new platforms once proficiency is achieved.

How does the speaker manage communication with clients and himself?

The speaker uses a system of recurring emails and a weekly and monthly workflow tracker in an Excel spreadsheet to manage communication effectively and stay organized.

What is the speaker's philosophy on keeping business operations simple?

The speaker believes in keeping things simple to work efficiently, avoiding over-complication, and not relying on fancy tools or processes that many entrepreneurs promote.