Make your $1,000 as a solopreneur (FREE): https://michaellim.kit.com/crashcourse
Add $2-5k (recurring) to your one-person business (PAID): https://www.skool.com/solopreneur-launch/about
This solo podcast episode dives deeper into a successful Medium article, sharing four brutal business lessons every solopreneur needs to hear. Drawing from personal experience, I break down the highs and lows of running a one-person business, overcoming financial setbacks, and scaling to long-term success.
Meet your Host: Michael helps solopreneurs add $2-5k to their businesses using my proven Limitless Writing System™. With over 1,000 customers and more than $100k in client sales, his strategies have empowered many entrepreneurs to thrive. He also shares his expertise with an audience of 80,000+ followers on Medium. Michael Lim is also the host of Solopreneur Launch: Your Digital Nomad MBA.
Shownotes:
00:10 - Introduction: Four brutal business lessons for 2025.
00:42 - Background: First business in procurement consultancy.
01:06 - Mistakes: Cash flow issues, ghosted clients, tax troubles.
01:27 - Financial struggles while travelling in Cambodia.
01:44 - Returning to Melbourne and rebuilding the business.
02:04 - Selling the consultancy and key lessons learned.
02:24 - Lesson #1: You are the problem – Mindset and imposter syndrome.
03:10 - Battling self-doubt and internal beliefs.
04:25 - Continuous learning: What got you here won’t get you there.
05:21 - Lesson #2: You are a commodity – Stand out by embracing uniqueness.
06:35 - Importance of polarization: Being loved and hated.
07:40 - Becoming a category of one through personal brand uniqueness.
08:00 - Escape competition through authenticity.
08:21 - Sponsor mention: Free five-day email course for solopreneurs.
08:55 - Lesson #3: Be a painkiller, not a vitamin – Solve real problems.
09:39 - Attaching offers to wealth, health, or relationships.
10:45 - Positioning: Clarity creates a painkiller offer.
11:25 - Lesson #4: You suck, and that’s okay – The 18-month struggle.
12:39 - The two keys: Skills and beliefs.
13:43 - Investing in coaching accelerates progress.
14:24 - UFC analogy: The best always have coaches.
15:23 - Paying with time vs. paying with money.
16:15 - Final advice
Michael Lim:
https://www.linkedin.com/in/michael-lim-1bb1ba112/
Apple Podcasts:
https://podcasts.apple.com/us/podcast/solopreneur-launch-your-digital-nomad-mba/id1779389863
YouTube:
https://www.youtube.com/@michaellim.co3
Get a Free 5-day Email Course to Kickstart Your Solopreneurship Journey.
Click the Link Here:
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