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Sam (crazy candle person) ✦
@samantha
My friend this weekend gave me good (but controversial) advice. He bootstrapped his profitable CNC machine business to about $10m in ARR without any family support or venture funding in around 7 years. He told me that people don't realize that they are in control of the outcome of their work because external factors get in the way of our deciison making. The specific example we talked about was getting /humankind to $1m in ARR. I think one thing I'm grateful for is having had worked both in B2B SAAS and a bit of consumer. So it's easy for me to create the sales funnel and do the math on how many conversions/retention I need to get to $1m in ARR - it's only about 10,000 candles yearly or less than 1000 candles a month since my AOV is around $100. My retention rate is around 20%, so that's about 50,000 candles (around $5m ARR) I have to sell to maintain a $1m ARR. And surprisingly these are not huge numbers. /continued
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Sam (crazy candle person) ✦
@samantha
But I just keep making these excuses as to why I can't do it - I'm scared of outbound sales, I have my day job, I don't know what channel to go to try out next etc. These are all excuses because I know the knowledge can be acquired. The crazy thing is that I know how to get there I'm just scared. Like I have the map written out in my head. The ooey-wooey in me and the spirituality in me tells me I can't be attached to outcomes and just to try my best. The business skinsuit in my tells me it's just work I have to put in. It's probably a bit of a balance of not being too attached to the outcome and having the discipline to persistently put in the work to get there. Just thought that kind of clarity was surprising.
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Cameron Armstrong
@cameron
ugh you're so thoughtful keep sharing please
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Jason
@jachian
Oh dude you’re speaking my language. Lmk if you want me to talk through some of your thoughts with you. It’s all cold and warm outreach all the way down lol
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jp 🎩🚢
@jpren.eth
I'm supporting you through /microsub! 201 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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↑ j4ck 🥶 icebreaker.xyz ↑
@j4ck.eth
I'm supporting you through /microsub! 428 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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Callum Wanderloots ✨
@wanderloots.eth
It’s amazing how our limiting beliefs actually do set the ceiling of our possible realities. I think the internet has truly opened up the opportunity for anyone with the vision to reach that ARR, just need to trust in your vision 😊 Have you read bird by bird before?
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Nik (ezbek)
@ezbek
I'm supporting you through /microsub! 24 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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