Every Wednesday my father and I have a morning meeting to catch up. It’s mostly a business meeting, but there are no set rules on that.
One thing that came out in our discussion is that I sometimes have difficulty working on certain projects within my business. And I was trying to figure out why. My Plan A project is something I’ve been working on almost since I started this blog. It’s not producing a ton of money yet (only about an extra $1,000/mo), but it’s growing. And it definitly has the most potential for real revenue. So, why am I not on the phones and selling that project more?
Because it’s mine. It’s my baby.
I’m scared that:
- It isn’t good enough (even though customer feedback has been enormously positive)
- No one will pay for it (even though some already have)
- It will ultimately fail (like my day trading “business”).
Some of my other “Plans” (essentially my different business revenue generating streams) I throw myself into completely. I’m pretty confident in them, but I think that is because they are services I perform for other businesses….not my own. If I fail, it’s likely because of the product, or the company, not the work that I do.
While my business makes about half our revenue each month doing services for other businesses….It will never be enough to get out of this mess I’m in. I could come up with a new business model around my “Plan B” project, but that would be stupid when I have “Plan A” with still so much more potential and scalability.
Now I’m just rambling. Bottom line is that I think I’m struggling with the classic “you have to believe in what you are selling”. I believe in the product, and I know it’s good…I’m just not so sure about the creator (me!).
