When you first start a business, you are not going to get rich overnight. In episode 207 of Journey to $100 Million, Kevin talks about how he lost money during his first year in business, but never gave up. When he left his day job, all odds were against him as he was leaving behind a secured salary, benefits, and retirement plan. However, he was determined to recover his losses and pursue his new career path.
Kevin was making money from the services he was providing but ended up taking a loss due to the computers, software, and other business expenses that were required to start his company. Thankfully, the following year he was able to gain a return and ended up reinvesting it back into the business, allowing him to earn a profit in his second year of running the company.
Just because you may not have any capital, investors, etc. that doesn’t mean you can’t start a business, you don’t need all of that. All you need is the guts to start your business, and the willingness to take risks. If you work hard, get in front of the right people, and do good work, you will make it! The first-year Kevin could have been negative and just given up, but instead he decided to keep going and would not change a thing about that.
Erik J. Olson is an award-winning digital marketer & entrepreneur. The Founder & CEO of Array Digital, he is also the host of the Journey to $100 Million Flash Briefing and daily podcast, and the organizer of the Marketers Anonymous monthly meetups.
Kevin Daisey is an award-winning digital marketer & entrepreneur. He started his first company when he was just 23, and is the Founder & CMO of Array Digital. Kevin is the also the co-host of the Journey to $100 Million Flash Briefing and daily podcast, and the co-organizer of the Marketers Anonymous monthly meetups.