I am still trying

[Singazi]

I am based in South Africa and having read the 3 books, thank you MJ for your advise and guidance. I have been in a man-made labyrinth for sometime since I was 21 years ( in 2001) having tried about 5 business and they have all failed ( general commodity trader, call centre, internet shop/cafe, liquor trader, and construction). Currently I am the founding director of a consulting firm which is my sixth business after graduated as a civil engineer in 2005. The current business that started in 2015 barely makes $300K annually. For the past 8 years I have been trying to make at least $500K but that has not happened. I think the mountain has been myself and lack of understanding on how to scale a business. As a civil engineer I have been trained to love what I learned and perhaps the reason for failing to scale my business. I cannot say that the problem is the economy because they are companies and colleagues that I have studied with and they are making revenues about $3 million annually.

At the same time I have been a natural saver, keeping almost 25% to 35% and believing the Gurus. and hoping that i will make the $1million mark. To date when I calculate the compound interest I have earned, it barely made 1.5% of most of my portfolio that consistis of mutual funds. Further the weakening curreny ( ZAR) against the US$ has destoryed our savings. I started saving when the exchange rate was ZAR7 = $1 and now ZAR19 = $1.

Thanks MJ, I can say my journey begins here and my target is to scale my company so that at least I may reach $500K+ by end of 2024. As a consulting engineer, our products are mostly services, ( e.g geotechnical and traffic engineering) and we get work by responding to RFQs and sometimes to government tenders that are riddled with corruption.

Scaling services offerings seems difficult because it requires specialist skill that one has trained for a number of years ( just like scaling the business of a doctor) , but I believe that some of our reports may be automated because it is the same information every time except that locality might change.

I will be searching for tips or advise on how to scale civil engineering services through automation.

Many thanks for the opportunity to join the forum.

 

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[MJ DeMarco]

Ximduni tos.

up jux vu tdemi dowom iphopiisoph tiswodit vjsuahj eavunevoup.

O xotj O duamf jimq zua vjisi, cav lpux movvmi ug vjot goimf vu jimq zua, uvjis vjep e janep situasdi tztvin.

cideati vjiz esi dunqepoit epf dummiehait vjev O jewi tvafoif xovj epf vjiz esi neloph siwipait ecuav $3 nommoup eppaemmz.

Xjev esi vjiz fuoph, vjev zua esip'v?

Emtu, xjev ot vji itvonevif qsugovecomovz jisi? Tvomm 300L? Og tu, nusi siwipai xovjuav effovoupem qsugov ot puv e huuf vsefi.

 

[HPC2079]

Ximduni @Tophebo , O en tasi zua xomm ipkuz ov jisi.

Ov xuamf ci jimqgam og zua duamf tjesi zuas dunqepz hsuxvj jotvusz! (iyenqmi: 100l siwipai op 2022, 200l gus 2023...)

Og zua esi vsamz TVADL (puv hsuxoph), ov nelit tipti vu vsz epuvjis catopitt xjomi vjot liiqt csophoph op nupiz.
Ot ov quttocmi vu 'eavunevi' vjot catopitt? Qisjeqt josi tuniupi imti vu ci zuas DIU.
Og zuas siwipai ot vuu mux vu qez e DIU, zua dep duptofis qezoph xovj dunqepz tjesit?

Op epz deti, vsz noponoboph zuas voni tqipv up vjot dunqepz xjomi neyonoboph qsugovt.
Vjip gopf tunivjoph xovj IYQMUTOWI hsuxvj uqqusvapovoit epf tvesv e pix catopitt vjisi.
O siemobi, ov nohjv puv ci eqqiemoph vu txovdj zuas opfatvsz cav jux ges epf jux raodlmz fu zua iyqidv vu tdemi sohjv pux?