Issue #288: Give to Get (plus, vote)

Welcome back to our fifty some-odd thousand investopreneurs joining us for this weekends edition of the newsletter!

For those of you who are new here (which there has been quite a few as of late, thank you) — over the past several weeks we have been in the midst of launching our community by collective vote.

As an extra bonus for voting this week, anyone who participates in today’s poll will get an early access sneak peak at claiming their spot as one of our Founding Members!

It all started with a simple poll (4) issues ago — as a newsletter with some 287 issues deep — should we also launch a community? With over 1,000 votes casted, the answer was YES!

Next, we asked which of you brave souls would be interested in helping out as active Founding Members & what you’d be willing to contribute. Over 200 of our amazing members raised their hands to help out!

Then we wanted to take a pulse of pricing & really push the concept of ‘paying it forward’ by having those who can afford to sponsor other members who are building on a budget. An astounding ~450 of you voted with a surprise twist being the $99 month price point coming in as the #1 choice!

Last week, we want to dive as deep as we possibly can into the core PURPOSE of our community. Our WHY. Our HEART. Our truest and strongest reason for existing.

There could be thousands of other communities out there for people building profitable businesses — however — there will only be one who has been built from the ground up around its members & only one that will share the power of our purpose built intentions. With OVER ONE THOUSAND VOTES our purpose is:

• Education via ownership

• A community fund concept

This week we want to take a pulse around what you feel Founding Members should see as a ‘special benefit’ for being early adopters and helping us build this community?

Following Our Profit-First Principles

The Profit-First Principles

Simple works. But simple doesn’t mean easy. Strategy equals focus, which equals execution, which equals results.

‘WHY’: Investopreneurs understand that simplicity is key to success, but they also recognize that simplicity doesn't equate to easiness. They adhere to the principle that strategy is the cornerstone of achievement. It's about honing in on a clear focus, which in turn drives efficient execution, leading ultimately to tangible results. This maxim underscores the importance of strategic thinking and disciplined action in navigating the complexities of entrepreneurship. Simple works. But simple doesn’t mean easy. Strategy equals focus, which equals execution, which equals results.

Know your North Star Framework. Understanding your left, your right, and where to focus will help you make good, timely decisions.

‘WHY’: For an investopreneur, understanding the overarching goals and direction of their business is crucial. Having a clear North Star provides guidance in decision-making, allowing them to focus on activities that align with their long-term vision. This principle emphasizes the importance of strategic focus and execution, leading to tangible results.

Follow the profit. Simple, profitable business gives you the most flexibility possible. Taking a profit-first approach ensures you are meeting market demands and helps you build a sustainable enterprise.  

‘WHY’: Investopreneurs prioritize profitability as a key metric of success. By adopting a profit-first approach, they ensure that their business remains sustainable and adaptable to market demands. This principle emphasizes the significance of building a simple, profitable business model that offers flexibility and mitigates risks.

Remove the risk. By removing the risk, you’re only left with upside. 

‘WHY’: Minimizing risk is paramount for investopreneurs seeking sustainable growth. By eliminating unnecessary risks, they increase the likelihood of realizing positive outcomes and maximizing potential upside. This principle encourages investopreneurs to assess and mitigate risks proactively, safeguarding their business's viability.

Always be exiting. Define what the next “exit” means for you, for your role, and for your business and work toward that.

‘WHY’: Investopreneurs recognize the importance of planning for the future, including potential exits from their ventures. By defining clear exit strategies, they can align their actions with their long-term goals and optimize outcomes for themselves and their businesses. This principle underscores the significance of forward-thinking and strategic planning in entrepreneurship.

Giving > Taking and Collaboration > Competition. Taking a selfless approach is more likely to lead to a “win-win” outcome. 

‘WHY’: Investopreneurs understand the value of collaboration and generosity in building sustainable businesses. By prioritizing mutually beneficial relationships and a cooperative mindset, they foster a positive ecosystem that promotes growth and innovation. This principle highlights the importance of adopting a selfless approach and nurturing collaborative partnerships for long-term success. Simple works. But simple doesn’t mean easy. Strategy equals focus, which equals execution, which equals results.

Build along the value ladder. Taking a “more, better, new” approach will enable you to maximize value in your business.  

‘WHY’: Investopreneurs focus on maximizing the value they provide to their customers and stakeholders. By continuously improving their offerings and exploring new opportunities, they can ascend the value ladder and enhance their business's competitiveness and sustainability. This principle emphasizes the importance of innovation and evolution in driving business growth. Simple works. But simple doesn’t mean easy. Strategy equals focus, which equals execution, which equals results.

Always be optimizing = Make simple bets. Small, finite experiments are a low-risk way to find what works for you and your business.  

‘WHY’: Investopreneurs embrace a mindset of continuous improvement and experimentation. By making small, calculated bets and refining their strategies based on feedback and data, they can optimize their operations and capitalize on emerging opportunities. This principle encourages investopreneurs to stay agile and adaptable in a dynamic business environment. Simple works. But simple doesn’t mean easy. Strategy equals focus, which equals execution, which equals results.

Trust the process. Change and growth take time. Don’t be discouraged to not see results overnight. If you’re disciplined and patient in your approach, you will yield results. 

‘WHY’: Investopreneurs understand that meaningful change and growth take time. By remaining patient, disciplined, and resilient in their pursuits, they can navigate challenges and setbacks with confidence. This principle emphasizes the importance of perseverance and trust in the journey toward entrepreneurial success. Simple works. But simple doesn’t mean easy. Strategy equals focus, which equals execution, which equals results.

Commit to the journey. You have the opportunity to build something and to follow your why in doing it. Optimize for your happiness to ensure the sustainability of your work.

‘WHY’: Investopreneurs are driven by their passion and purpose, committing to the long-term pursuit of their goals. By prioritizing their happiness and fulfillment, they ensure the sustainability of their work and maintain motivation during the entrepreneurial journey. This principle underscores the significance of aligning personal values with business objectives for sustained success. Simple works. But simple doesn’t mean easy. Strategy equals focus, which equals execution, which equals results.

These profit-first principles serve as guiding lights for investopreneurs, empowering them to navigate challenges, make sound decisions, and ultimately achieve success on their entrepreneurial journey. Trust the process, commit to the journey, and embrace the experience every step of the way.