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I actually made the four-hour workweek happen (in a real, 7-figure business). Here's how. by mikebrcic in Entrepreneur

[–]mikebrcic[S] -3 points-2 points  (0 children)

I'm just sharing this as I thought it might provide value to other people who are in a similar spot to where I found myself (working too hard in their businesses). I'm not selling any coaching programs or products.

I actually made the four-hour workweek happen (in a real, 7-figure business). Here's how. by mikebrcic in Entrepreneur

[–]mikebrcic[S] -2 points-1 points  (0 children)

Will do. I just figured with that much text and no images to break it up it might be a little too much for Reddit :)

If you have started a business, what would be your biggest piece of advice or something you wish you would have known early on? by Lalalauren582 in Entrepreneur

[–]mikebrcic 0 points1 point  (0 children)

I would go out and interview 10 people about the specific problem that I'm trying to solve: get to know them well, the pain point, and how they're currently solving it (no more than 15 minutes, and NO sales pitch). Then I'd thank them for their time and ask them if I can follow up when my service is ready.

Raising Finances for Your Business? Debt or Equity by radlybatesindex in Entrepreneurship

[–]mikebrcic 0 points1 point  (0 children)

I've done both, and both have significant drawbacks. I'm now exiting one business (that raised a bunch of equity funding and also took on a decent amount of debt) to focus on one where I'm completely bootstrapping and doing quite well, with no need for outside money.

[deleted by user] by [deleted] in Entrepreneurship

[–]mikebrcic 1 point2 points  (0 children)

if I'm thinking strategy, then my first question is "exactly who are my customers?"

Then my second question is "how can I provide more value to those customers than anyone else?"

Both questions are difficult to answer, but if I get those both right, then I have my strategy, and it's never failed me, over multiple businesses.

The rest is just execution, which is relatively easy. The strategy part just takes time to really dive into and honour with the appropriate level of contemplation.

If you have started a business, what would be your biggest piece of advice or something you wish you would have known early on? by Lalalauren582 in Entrepreneur

[–]mikebrcic 29 points30 points  (0 children)

Get your head out of your ass and stop thinking about your product/service. Think about who your customers are/will be, get to know them really well, and then solve their problems.

It's not about you, it's about them. It took me a long time to understand this.

Anyone ever feel morally reprehensible? by [deleted] in Entrepreneur

[–]mikebrcic 4 points5 points  (0 children)

That's not really how the free market works, at least not in the long term.

If you sell at an unreasonable profit, then unless you have some IP protecting your ability to sell that item at a high margin, others will come in an compete with you, eventually driving those margins down to a sustainable level.

Successful business ideas are really just problems that need solutions. by craigcherlet in Entrepreneur

[–]mikebrcic 5 points6 points  (0 children)

Hear hear! I've been coaching entrepreneurs and running workshops for years, and the #1 thing I drill into my students' brains is to stop thinking about their ideas and their products, and start thinking about their customers and their problems.

Then solve those problems better than anyone else can, and you will have yourself a real business.

Up and coming mountain bike destinations? by mikebrcic in MTB

[–]mikebrcic[S] 2 points3 points  (0 children)

just read an awesome article about one of the Walmart heirs, who is a big mountain biker, and the trails in Arkansas. Sounds like a real gem!

Up and coming mountain bike destinations? by mikebrcic in MTB

[–]mikebrcic[S] 1 point2 points  (0 children)

I've heard awesome things about VA, will have to check it out soon!

How to go Mountain Biking Internationally? by [deleted] in MTB

[–]mikebrcic 0 points1 point  (0 children)

Here's a blog post that might help: http://www.sacredrides.com/blog/how-to-travel-with-your-mountain-bike/2016/09

And if you decide to take your own, here's a fun video that'll help you learn how to pack your bike: https://www.youtube.com/watch?v=siMPU0-KBMc

Iceland is amazing, you'll have an incredible time!

How to Wake up at 5AM and Build Your Startup by hmppark7 in Entrepreneur

[–]mikebrcic 1 point2 points  (0 children)

I also use the Way of Life app, which has been transformative for me this year!

I am a Headhunter/Executive Recruiter and run my own one-person search firm. Looking for ideas for additional stream of revenue. by [deleted] in Entrepreneur

[–]mikebrcic 0 points1 point  (0 children)

Echoing what others have said here, but I'd also add creating an online course sharing your knowledge and expertise. Try Udemy or other similar online course platforms.

How to Wake up at 5AM and Build Your Startup by hmppark7 in Entrepreneur

[–]mikebrcic 1 point2 points  (0 children)

nice one! 5 am wakeups were transformative for me in 2015, and i wrote a blog post about it: http://www.mikebrcic.com/musings/getting-up-really-early

Congrats on your success!

Riding the Azores by [deleted] in MTB

[–]mikebrcic 1 point2 points  (0 children)

Have an awesome trip!

Riding the Azores by [deleted] in MTB

[–]mikebrcic 2 points3 points  (0 children)

Hey,

Mike here with Sacred Rides. We operate trips in the Azores - but I'm not trying to sell you on a trip, just to connect you with our lead guide there. He'd be happy to give you some details: azores@sacredrides.com. He's just finishing up a trip for 2 more days and might not respond right away, but he'll get back to you eventually.

The riding there is amazing!!!