It’s hard to believe that another year has come and gone. It feels like yesterday that I penned last year’s top six blog posts of the year, and here we are, one year later, and I’m doing another.
The last year was an interesting year in the development of this blog.
I initially started this blog as a mechanism to support the sales of my book, and my plan was to slowly let the blog fizzle out with the intention of publishing the occasional blog post.
What I’ve come to realize is that I enjoy writing. and I maintain this blog, not to build a revenue stream, but rather, writing is cathartic, plus, I receive plenty of positive feedback from my readers.
Starting in June, I made a concerted effort to increase the readership of the blog, and as of this month, I’m now easily passing over 1,000 page views per day, and on many days, hitting 1,500.
What I’ve come to realize is that the articles I enjoy writing aren’t necessarily the ones that get read, and the ones I spend the least amount of time on are the most search engine friendly and get the most eyeballs.
It seems that the search engines, and my readers, like anything to do with the word “wealth”, or “income”, or, “get rich”, and not as much the articles that are more small-business related, which, unfortunately, are often duds. And considering this site is geared towards entrepreneurs, and helping small business owners grow their business, I often find myself thinking of a topic that I might enjoy writing about, only to realize that the article will sit in blog purgatory.
As a result, I have been doing more wealth, income, and get rich articles of late, and fewer small business articles. I’ve considered changing the name of this blog to thekickassmillionaire.com, and I registered the domain for the day I eventually decide to pull the trigger.
In any event, let’s go through the five most popular articles, for the last year. This includes the ones that were most read, and the ones I enjoyed writing.
The Top Five Kickass Entrepreneur Blog Posts of 2019
Blog Post #1:
Many small business owners open their business, not necessarily because they expect it will generate tons of profits, but, rather, because they enjoy the industry. Unfortunately, the two don’t always go hand in hand. If you’re going to toil and work for 70 to 90 hours a week running a business, you MUST enjoy what you’re doing, but, it shouldn’t be at the expense of profitability.
And therein lies the problem.
Here’s what I wrote in the article:
Given that 80% of the small businesses don’t have any employees, and the average business owner has $44,000 in revenues, it looks like the average 1-person business makes slightly over $3,000 a year in profits Even if I were to double the 7% EBIDTA margin, we’re still only looking at $6,000 a year in profits, which isn’t exactly a banner number.
If you take the weighted average of all of the businesses in each size category, you’re looking at slightly over $50,000 per year in profits. Of course, I’ve made some assumptions, the most important assumption being that the average small business profit margin is 7%.
You can read the article here.
Blog Post #2:
The rhetoric around the notion of FIRE (financial independence, retire early) has definitely increased as of the last few years.
The question is: How much money do you need to never have to work again? A
I’ve read a number of blog posts within the financial blogging circles, and the thinking is that the magic number to never have to work again is the seemingly elusive goal of $1 million.
The reality is, once you do the math on the level of income that $1 million can provide, you realize that you might need more than $1 million to live somewhat comfortably.
Sllep Well at Night SWAN Number
Since each person’s lifestyle varies so significantly, the amount of money is also going to vary, but I’ve put together a formula to help you determine your “sleep well at night,” or what I will refer to throughout this blog post as your SWAN number. It’s a super simple formula, and I’ve created three SWAN categories of comfort.
You can read the article here.
Blog Post #3:
In this article, I explain my theory on how to make it into the top 1% of wealth in North America. For reference purposes, that’s $10 million, otherwise known as a decamillionaire, and for those who are interested, it takes roughly $30 million to make it into the top 0.1%.
Here’s what I find interesting, though.
Of the many dozens of individuals I’ve spoken with over the years about real estate investing, very few – maybe three – have ever gone ahead and purchased a building.
I’ll have a two-hour conversation with someone about the steps they need to take in order to get into real estate. I suggest they “do X and then Y.”
At first, they’re all excited.
Fast forward two, or even more, years later and the majority of people haven’t made a purchase.
When I ask why, the answers I hear include “Life got in the way” or “I got busy.”
What Really Happened?
Well, you can read the article, and my ideas on how to become a decamillionaire in this article.
Blog Post #4:
One of the things that prove the most challenging for an owner in building a sales team is the difficulty in letting go of sales, and for a good reason. Sales are what keeps the doors open, lights on, bills paid, and profit in your pocket.
Sales are generally the one thing most business owners do well. You started your business, you know your products and processes, you’re passionate about your product and company, and you’ve built the business to where it is.
You’re also likely your business’s best salesperson. And therein lies the owner’s dilemma.
If your marketing is working, and your business is bringing in leads, there’s a temptation to take the best leads for yourself. If you do that, you’re missing an opportunity to train your salespeople on your business’s process, style, and sales methodology.
Do you want to know how to build a sales team from the ground up? You can read this somewhat lengthy article that details the steps you need to take.
Blog Post #5:
Something you hear all the time is that real estate is too expensive.
It appears that investment real estate is selling at seemingly ridiculous valuations.
What if I told you that the more expensive investment real estate is, the better the time to get into the market!
In this blog post, I will show you, step-by-step, how the REITs buy and sell buildings, even in this overinflated market, and still make money.
In fact, in this blog post, I will show you how it’s possible to make an 80% to 100% return on your investment dollar in less than three-years.
You can read the post here.
Here’s hoping that 2020 is a successful year for you in your business, wealth, and personal ventures, and another fruitful year of blog posts!