A journey of self-actualization.

Category: Entrepreneurship

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My Challenge Of Balancing The Resources of Two Companies

One of the greatest obstacles I face right now is balancing the resources of two different companies. This includes both time and money. I’ve established a great advantage that most…

One of the greatest obstacles I face right now is balancing the resources of two different companies. This includes both time and money.

I’ve established a great advantage that most entrepreneurs don’t have by designing their business models in such a way as the majority of my job as CEO can be performed at home.

However, there’s always the question of how much I should invest in one company to accomplish one goal, while balancing the performance of accomplishing another for the other.

I’ve got Wolven Industries (WI), my defense engineering firm, and I’ve got OMI Firm, my marketing strategy firm.

My true passion is in physics; this means that WI is my baby and entrepreneurial endgame. I established OMI Firm as a solution to a financial pinch I was in when I was living in China. I had to figure out how to do the following in one fell swoop:

  • boost my income enough to eventually return to a first-world country,
  • have the traveling freedom to stay with my wife (who is not an American citizen, but a Latvian one), while adhering to the laws of the EU for my visa, while
  • being available to my child(ren),
  • raising funds to pay for my physics education

My answer was to develop an online consulting company, helping businesses to market their products and services with my strategic expertise.

The odds were greatly against me, and it took a while to make first-world-middle to upper-middle-class income, but I made it through despite my many character flaws and psychological hurdles. A consulting business is basically powered by the owner’s mind: His inventory is his knowledge; his distribution is his ability to speak his knowledge to clients who are looking to know what he knows.

So, if my own mind is my factory, so to speak, then, yes, I could travel around the world as an e-citizen not financially attached to any one respective country.

So, OMI was always meant to be a means to an end: a strategic life-Chess move to accomplish the long-term vision of my defense engineering firm.

Everything was going well (in that context) until I got invited to Rome to speak about quantum physics. I suppose I was found by my LinkedIn criteria, as well as some of the ideas that I was posting online, on social media.

There was no way I could turn them down; so, I had to go into hyper mode: Wolven Industries had to get to an MVP (minimum viable product) stage and fast, only within a few months.

Else, I wouldn’t have anything to speak about, for I was just a student.

So, I was never so ambitious as to want to have the burden of multiple growing companies at one time. One is hard enough. At the same time, I remember great words by the legendary entrepreneur, Richard Branson:

So, following his advice, I’ve ended up with two companies, but only one nest egg of capital that I’ve worked hard over the past five years to build, without yet being ready to sell OMI.

  • Traveling to events to promote either business costs time and money.
  • Social media advertising costs money and talent.
  • Developing marketing materials (e.g. blog articles) to market either business takes time.
  • Servicing clients for marketing strategy costs time and talent.
  • Maintaining a skilled and loyal staff costs money.

So, right now, I have the problem of building two companies from the ground up, while studying physics (because I have deadlines in college to meet), while being a family man.

Needless to say…it’s not easy.

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How I’m Building A Million Dollar Marketing Firm: Scaling The Company

This article is the continuation of a series. Make sure you read the article before this one. Several articles ago, I outlined three different critical weaknesses. These will cripple me…

This article is the continuation of a series. Make sure you read the article before this one.

Several articles ago, I outlined three different critical weaknesses. These will cripple me if I don’t master them:

  • My psychological weaknesses
  • Branding
  • Scalable business processes

I’ve already touched on my psychological weaknesses, as well as my branding. In this article, I’m going to explain how I’m scaling.

How I Started

So, for the first four years, I was taking direct contracts. This both brought in money and served my long-term branding.

I started with small single jobs. One at a time.

Then, I started taking larger contracts. Some of them corporate.

Those contracts served my long-term branding. This is because once you get a 5-star review, it’s yours forever.

People see it; it makes it much easier for them to trust you. And when they trust you, they buy from you.

It doesn’t matter what it is that they buy. In this case, it would be my skills as a marketing strategist.

But, the same pattern could apply to any conceivable product or service.

The problem I’ve faced up until this point, though, has been how many clients I can take at one time. I touched a bit on why I need to be the face of my marketing firm.

Why Scaling Is Critical

There are only so many hours in the day. And because most clients demand that it’s me who works on their businesses, I can only delegate but so much.

The client is speaking to me because of my branding. They may know that I have a team, sure.

But, it’s me they trust. It’s me that caught their attention enough for them to offer the contract.

And if it’s me they think they’re contracting with, I can’t delegate everything off. If I delegate all the work, then it’s not really me that’s serving the contract.

I would have taken the contract under false pretenses. It’s a form of false advertising.

So, this means that, no matter what, I have to be hands-on with the work myself. To some degree or another.

Some clients allow me full use of my team while contracted with them. Some don’t.

Thus, no matter what I do at this business stage, there is always a cap of how much revenue I can bring in at any one time. It’s based on how many hours I can devote to each client per week.

And each have their own respective needs.

Reaching The Next Level

For four years I considered different ways of reaching the million-dollar mark. No matter how I did the math, there was just no way I was going to be able to take on enough singular contracts.

Even if I jacked up my rates, I would be able to make over six figures per year. But, I wouldn’t make millions per year.

In theory, I could just promote my Upwork profile. I already receive about 15 or more job invites per week.

So, whether I’m able to get the conversions isn’t the problem. It’s how many can I handle at one time before I implode from the stress?

I knew that it was possible. But, it’s a puzzle, and a damned difficult one.

Thinking Differently

I realized that I had to change my perspective.

First, I had to let go of the fact that I could only work on but so many clients at one time. Even if I had jacked up my rates.

I am not scalable. A business is scalable, but I am not.

Thus, it’s natural to have a salary cap while working in this manner, trading my personal time for money.

So, there’s that.

But, there are other means of pulling in passive income with the same branding.

Not everyone can afford me at $60+ per hour to work on their individual contracts. Yet, they do indeed desire my skills.

They need my skills.

Considering Price Points

So, what about those people? Do I just blow them off?

Or, can I make them a different offer respective to their price point? By “price point,” I mean what they can afford.

Only a small percentage of the population can afford a $100 per hour marketing strategist.

Only a little larger percentage can afford a $60.

More can afford a $20. But, would you really want a strategist that only charges $20 per hour?

I wouldn’t recommend it, unless you can tell that they’re new but with impressive ideas.

Though, always keep in mind that ideas are one thing; experience is another.

You get what you pay for in the marketing industry, most times.

Think about that for a second. A good marketing strategist can make a business untold amounts of money.

If you are an experienced strategist, you’re not going to settle for anything under $40.

Why? Because there are far more startups than marketing strategists in the world.

Dreamy-eyed entrepreneurs with big egos are a dime a dozen. Good marketing strategists are not.

How I’m Scaling

So, here are the ways that I’ve thought to scale:

  • Writing books
  • Creating mastermind groups for different niches
  • Constructing online courses
  • Creating marketing software
  • Affiliate endorsements for a percentage of sales

Do you notice what they have in common?

None of them require my full presence.

I can dump a ton of knowledge and experience into a $14.99 book.

A $199 to $2,000 course is just as scalable.

These can reach people at varying budgets. I am not scalable, but different slices of my experience are.

You can also make countless dollars with creating your own marketing software. This would require building an R&D team for my marketing firm, but it can and has been done before by others.

Mastermind groups for different niches don’t need much of my time. Yet, they can hold thousands of members for a much lower monthly price than hiring me full time.

In mastermind groups, entrepreneurs can speak to me directly, but in a scalable way. It’s a class in which I can give advice to multiple people at once.

We can brainstorm ideas. What I say to one person can benefit another.

And everything’s personalized because people are paying for it in a controlled environment.

As the audience I build over time grows, I can then recommend to them the courses, books, etc. of other marketers. I can give my endorsement to my following, for a percentage of proceeds.

That’s affiliate marketing. Something I can make money with, continually, by just a single tweet or Facebook post. Much in the same way that people like Elon Musk make tons of money by just tweeting about a flamethrower.

The Obstacles I Have To Overcome To Scale

There will be many obstacles I’ll meet along the way. I’ll write about them in the next post.

But, in the meantime, do you see any holes in my logic? Do you have any ideas that I might have left out?

Let me know in a comment below.

If you liked this article, read the next one for more. Follow updates on the story of my goals to do so. Leave a comment with your thoughts, and I’ll respond.

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How I’m Building A Million Dollar Marketing Firm: Developing My Branding Strategy

This article is the continuation of a series. Make sure you read the article before this one. In the article before this one, I outlined three different critical weaknesses. These…

This article is the continuation of a series. Make sure you read the article before this one.

In the article before this one, I outlined three different critical weaknesses. These will cripple me if I don’t master them:

  • My psychological weaknesses
  • Branding
  • Scalable business processes

I’ve already touched on my psychological weaknesses. In this article, I’m going to explain my branding strategy.

Developing My Branding Strategy

Let us analyze why Elon Musk can make a simple tweet and make millions of dollars in flamethrower sales.

Branding.

Musk already has a ton of followers who hang on his every word. He’ll literally write on the website that the flamethrowers are “overpriced.” Yet, they’ll buy anything from him anyway because they believe in him.

I’ve written before about an A/B split test that I performed with a prior client of mine. I beat him in conversions because my personal branding was stronger than his.

Why do people continually buy Apple products year after year?

Branding.

Branding is everything.

Therein, to convert the number of people I need to meet my $10 million goal, I need a branding strategy.

What Is Branding?

In a sense, “branding” is reputation. It’s the emotion your name provokes in the minds of those who behold it.

It’s whether people trust and believe in the solution your providing for them. Based on their faith in your name.

Or, your company’s name. It can go either way.

The Scalability Of Branding

If you can get one person to trust you, you can get a thousand. You just have to understand what it is about what you did that got the first person to.

Then, replicate that at scale, such as what would occur with advertising.

I’m starting with the story. I’m leveraging my backstory as the foundation of my branding. The reason why is because my backstory reveals different truths about my strengths.

These strengths mean certain truths about my capabilities as a leader. My capabilities as a leader reflect my ability as an entrepreneur.

And, like a trickle-down effect, my capabilities as an entrepreneur affect conversions. By “conversions,” I mean sales, or whatever it is that I’m trying to accomplish.

The Context Of “Conversion”

For instance, a “conversion,” doesn’t have to be a sale. It could also mean “converting” a person from not trusting me into trusting me.

Context is key when using the term.

Meanwhile, these conversions of trust could apply to anything. It could apply to a customer or client.

But, it can also apply to investors. And that’s what people like Elon Must have done.

The story of how he landed a rocket backwards impresses people. The story of how he didn’t give up inspires people.

He didn’t just build a car company; he created a story that exudes character traits. The proof of these character traits are in his accomplishments.

His accomplishments beget attention (such as from the news), which scales his branding. The amount of people who learn about him and fall in love with the story.

This is the effect and value of international reputation. Of honor.

And then success begets success. One accomplishment leads to x-amount of people who admire and follow the story.

Then, you can tweet out to them about something you’ve built. They’ll buy it, because of your branding. Your story. Their love for you.

That’s how it works.

The more you accomplish, the easier it gets to accomplish. At least, in certain contexts.

Because there is a dark side to it, too. Such as how hard the fall is when you finally fail. Which happens. But, I’ll save that for another post.

My Branding Style

I have written my story.

I have built my honor around what I have been able to accomplish, despite my background.

Then, when people check my Upwork profile, they see the myriad of 5-star reviews. They see the certifications, the degrees.

This leads them to giving me a try, despite the international reputation of being black. My personal branding, as an individual, trumps many hurdles.

Clients speak to me in interviews. They get a feel for the kind of person I am.

They respect where I am despite where I’ve come from. And this leads to opportunities to succeed.

…and then, success begets success.

I’m just at a far lower level than people like Elon Musk. However, the pattern is the same.

Same pattern. Different league.

And it works.

What I Need To Do

I’ve established the foundation of my branding. This website helps with that. Since you’re reading this, my branding has reached you to a certain extent.

Even if you don’t follow me, you’ll have at least touched some base with who I am.

A percentage of people reading this will convert, and another percentage won’t.

To reach the leagues of people like Musk, Neil Patel, Alex Becker, etc. I need to promote myself harder.

At least, at the time I’ve written this post.

The value is here. I’ve completed the hardest part. On either this site or the website of my marketing firm.

What’s left is promotion, such as (but not limited to) the following:

  • Paying for ads.
  • Earning backlinks from different websites.
  • Getting news coverage.
  • Convincing influencers to support me.

And there are different ways to go about doing this. I’ll post my branding strategy in a later post.

Do you see any holes in my logic? Leave a comment below to let me know.

If you liked this article, read more as I update this blog while I accomplish my goals.

Be sure to read the next one in the series.

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How I’m Building A Million Dollar Marketing Firm: Overcoming My Mental Weaknesses

This article is the continuation of a series. Make sure you read the article before this one. I have three main obstacles when it comes to raising $10 million with…

This article is the continuation of a series. Make sure you read the article before this one.

I have three main obstacles when it comes to raising $10 million with my marketing firm:

  • My psychological weaknesses
  • Branding
  • Scalable business processes

My Psychological Weaknesses

If you’d like to read about my mental weaknesses, click here.

I am my own arch nemesis. Always have been. I’m afraid to put myself out there the way people like Sam Ovens does. Or Tai Lopez, Alex Becker, or Elon Musk.

There are many weaknesses that affect my productivity, but they are not critical. Only two are.

The two crippling weaknesses I have are the following:

  • How speaking to people drains my energy.
  • How I fear negative judgements.

If you understand my backstory, you’ll see that I’ve had to overcome a lot to get to where I am today. I didn’t have the same start the many other millionaires and billionaires have had.

I wasn’t given very nourishing parents. They’ll likely tell you that they were nourishing, and they won’t necessarily be lying to you.

My mother gave what she could, considering the limitations of her own perception. As well as the limitations of the strength of her sense of self. My step-father took care of me only out of obligation. It’s a long, sad, chaotic story.

From a history of child abuse and poverty, I’ve developed many mental inhibitions. I am aware of my inhibitions, which is why I can articulate to you my weaknesses.

Many would already call me successful, and I would agree with them, to an extent. Few people are able to figure out how to make six figures from their living room the way that I have.

However, what I’ve achieved so far is not enough for me. I want the next level.

Overcoming Extreme Introversion

So, the reason why I’m writing this blog is to break through my mental barriers. While providing value to others.

My mental anguish runs so deep that I’ve had to burn the time it takes to write over 300,000 pages of self-reflection. This is not an exaggeration. I’ve tried to launch several versions of this blog. I’ve written several editions of my memoir.

And I have hundreds of thousands of pages of rants and stream-of-consciousness writings. I use them to self-critique. To self-observe, and thus self-innovate and actualize.

To highlight where I’m lying to myself about my own capabilities.

Posting some of it for others to see has allowed me to gain constructive criticism of my character. Pingbacks about my sanity.

It’s also one of the best methods I’ve experienced for learning, in general. And releasing stress in a healthy, non-destructive way.

This means that I could have progressed in the maths, and different branches of science. If I had a better start, I would have.

I’ve had my IQ tested. Both before and after having skull tumors removed.

I could have been one of those kinds of people who wins the Fields medal.

But I’ve had to channel all the energy that those kinds of people put into their studies differently. Since an early age I’ve had to put more energy into repairing myself, than those subjects.

That’s why I’m just now earning my degree in physics, from one of the most elite schools in the world, at the age of 30.

I’m late to the party. I’ve not allowed my past to cripple me, but it is why I’m late to the party.

Coming To Terms With My Past

As I’m studying physics, I’m building my marketing firm to provide for my family and repair my culture.

To break the cycle that hurt me.

I want to do that so that future generations of my line can have a better chance of actualizing in that direction.

If they choose.

They won’t have to worry about whether they’ll have enough food to eat. If they get sick, they’ll have medical care. They won’t have to go through what I went through in the beginning.

This has been a decision I’ve made. I’m no victim.

I’ve made this decision because I know what would have happened if I hadn’t.

If I had chosen to progress in academia before I was mentally healed, it would be another typical story. There are people winning awards of all sorts, every day, for different breakthroughs.

I knew that I would have ended up in the newspaper. Perhaps, there would have been a conversation or two in different circles about my work.

It may have inspired some entrepreneur to productize it, somehow.

But I know this:

There’s just as much a need to heal humanity as there is to advance it

There’s no point in working to save humanity if you’re not producing good humans to save, in the first place.

I may have turned out to be a great scientist, but not a good human being. If I procreated, then I would have also produced broken people.

Those broken people would have produced more broken people.

And so on, and so forth. Which leads me to ask the great philosophical question: Why?

Why care about the human species to have that kind of drive in that direction, to begin with?

Why is Elon Musk working to get us on Mars? What’s the point if broken people get on that rocket?

They will only create more broken people on Mars. And it will only end up being more of the same.

Needless wars. Broken homes. Just on a different planet.

It doesn’t really matter if we’re broken on Earth or on Mars.

We’re still broken.

What exactly are we escaping, if not ourselves? It’s not climate change. Not in the deepest truth, no.

Speaking To Anyone Drains My Energy

So, I know why I want to earn $10 million dollars. I have the drive for it. That’s not in question.

I want to earn $10 million dollars so that I can use it to rebuild my culture and reset a generational broken bone. To lay a foundation.

Then, the members of my tribe can achieve far more advancements in many directions. Beyond what only one broken scientist could ever.

But, I have a key problem: Speaking to anyone drains my energy.

Responding to comments drains my energy. Dealing with enviers on social media as I advertise drains my energy. Constantly being judged drains my energy.

Sociality itself drains my energy.

Thus, because I need to put myself out there to achieve my goals, I can only do so in spurts of energy. At least, until I can go back to non-social work, such as developing products with physics.

That’s what Wolven Industries will be for. The nature of that industry is different than the marketing industry.

In the technological industry, I can work on products and pay someone else to be the marketer.

But, I chose marketing first, because I wanted to understand how economics works.

You can read my thoughts on why scientists tend not to earn as much as marketers and celebrities, here.

So, I just have to move in baby steps during this stage, to build my personal brand.

What are your thoughts? Am I lying to myself somewhere? How? What could I be doing better?

What are some of your mental barriers?

If you liked this article, read more as I update this blog while I accomplish my goals.

Be sure to read the next one in the series.

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