So your #1 biggest problem that’s holding you back from creating ultimate wealth is Stagnant Business Growth. Your business revenue has plateaued. I see a lot of people stuck in the $50,000 to $100,000 and the $120,000 to $200,000 revenue level.
And after working with entrepreneurs over the last 20 years I’ve noticed an interesting pattern, which goes like this:
The employee quits her job to become self-employed. Once she replaces the income she had at her job her business growth stagnates. If she made $78,000 a year, she’ll work hard until her business is generating about $6,500/month. Then she can’t seem to get over the hump.
If that’s you, if you feel like you’ve hit an invisible wall where you can’t seem to make over $200,000 a year then you’re suffering from a classic case of Stagnant Business Growth. Perhaps you’re like the employee who just wanted to replace her prior income with a business. There’s nothing wrong with doing that as long as you don’t stop there!
Remember, growth is a choice. But so is staying stuck where you are. You can throw a pity party and complain about all the reasons why business is so hard or you can choose to move forward and grow your business.
However, deciding to grow your business is only the first step. As soon as you do that you’ll run into problems, which are really the very things you must overcome to go to the next level.