#321 - How to go from $100K to $1M with My Indie Business?
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Description
In this episode of "The Wannabe Entrepreneur," we will be exploring a range of topics. I will start by discussing the challenges of buying a new home and the art of gift-giving, sharing my personal experiences. Then, I will delve into the world of influencer marketing and compare working cultures in Portugal and Germany. I will express my frustrations with the bureaucratic process in Portugal and reflect on my entrepreneurial journey. Additionally, I will reveal how my company reached a major milestone of earning over $100k and discuss our future growth plans. I will emphasize the importance of strategic thinking, automation, delegation, and long-term marketing strategies. Finally, I will invite you, the listeners, to join our private community for indie makers. Let's dive in! Links Andrew Twitter DM me on Twitter Join The WBE Community Try PodSqueeze Tiemstamps The Millennial Dream (00:00:11) Tiago talks about acquiring a home and the excitement of owning a place in the current real estate market. The Frustration of Buying Gifts (00:02:37) Tiago expresses his lack of excitement for receiving expensive gifts and his thoughts on the point of gift exchanges like Secret Santa. Measuring Branding and Influencer Impact (00:05:41) Tiago discusses the challenge of measuring the impact of branding and influencers on a company and shares his experience with tracking user acquisition sources. The frustration with rules and regulations (00:12:00) Tiago discusses the frustration with rules and regulations in Germany and Portugal, and the lack of trust in the government. The challenges of understanding fiscal law (00:13:10) Tiago talks about the frustrations of navigating fiscal law in Portugal and the lack of guidance from accountants. The gray area of interpreting the law (00:15:10) Tiago discusses the ambiguity and interpretation of laws, using the example of setting up a company in Dubai and the varying interpretations of what it means to have a connection to a country. Scaling from 100k to 5 million (00:23:45) Tiago discusses his goal of scaling his business from 100k to 5 million and his plans to automate processes and hire freelancers. Short-term thinking and marketing gap (00:24:43) Tiago reflects on the mistake of short-term thinking and not planning for the gap between cold emailing and other marketing strategies like SEO and brand marketing. Preventing fires and strategic thinking (00:25:45) Tiago emphasizes the importance of preventing fires as an entrepreneur and the need for strategic thinking, including investing in SEO and planning features ahead of time.
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