About Nathan Murphy
Posts by :
Let me start by saying the following; university is one the best places for higher learning and I have immense respect for those who go to university with a purpose to achieve great things and of course those who take up the important jobs in our society that keep us all going forward. Now that I’ve gotten that out of the way, let me rant.
Currently, your business is doing not much. Because you’ve done all the hard legwork already. You built a framework for your business which means that operations of the business is literally one day per month. Even that one day you don’t do anything anymore except log onto online banking to see how much money you’ve made.
Once upon a time (less than 2 years ago) I slept in parks and on beaches. My entire existence was packed into one duffel bag and it was slung from my shoulder no matter where I went. Naturally, you’re curious as to how it happened. Well, let’s sum it up with; my parents and I hit a rough point in our relationship.
I love branding an idea. Lots of people do. It’s that moment where you get to create the feeling that people will associate with a new product or service. Can you imagine being present when some of the greats started putting together the brands for their companies?
There is a common perception that it is impossible to talk to the most successful amongst us. This is not true. But you can’t be blamed for thinking that way, it’s only natural. I mean why on earth would someone that awesome be willing to talk to a person who hasn’t yet begun to reach a similar peak?
They say you need a business plan to start a business. Nonsense. You need a checklist. Business plans change too quickly and no one is going to bother reading them. Checklists can change often and be easily split down into smaller bites and measured. Today I want to share with you my checklist for a recurring revenue business. It includes my favorite tools and methods of setting up an online business.
Magic? No, hustle. That’s how they do it. Building awesome companies to crazy valuations is the factor by which a lot of people measure success of the best. Not all entrepreneurs love the spotlight of the media and instead prefer to keep their goings on private to their circle of peers and family. One of my best friends and mentors is such an entrepreneur. He imparted something on me a while back which I haven’t forgotten and think about regularly.
Last year I had the pleasure of spending 3 weeks in Thailand. Nowhere near long enough for such a beautiful country. However, I did have time to set up a business whilst there, which I believe still runs to this day. At the time it was an act of desperation as I had less than $50 and needed to return home to Sydney. In hindsight however it has become a great example of a truly rapid and lean business establishment.