I'm a 31-year old litigation paralegal from Austin, and am nearly finished with my first reading of The Millionaire Fastlane .
I'm what you could call a "serial entrepreneur." I'm GREAT at starting new projects. I've been working as a paralegal for 11 years, but am never happy unless I have a project to dive into during my off-hours. I love learning new things and facing challenges. I've started a novel, a memoir and a nonfiction book, and developed writer's block on every one. I've started product review websites that generated Amazon affiliate income and blogs that generated affiliate and ad income, all of which saw drops down to $0/month after multiple Google and Amazon Associates program updates.
Then there was the service business that generated $9-14K/mo in profits, but also required 12-14 hours a day of my time, 7 days a week. I realized I was miserable, and that my business wasn't scalable. So I returned to being an employee, and I really do love my job, my firm and my boss. Luckily, my boss is very open-minded and flexible, and as long as I get my work done, I have malleable hours and can work from home as much as I want/need to, which is a big help in finding time for other projects.
I get a lot of great business book recommendations from my boss, and one of those was the 4-Hour Workweek. Ferris' focus on time as your greatest asset really hit home for me, and reinvigorated my desire to create a reliable, passive income. Tim Ferris led me to Steven Key's One Simple Idea, which opened my eyes to the world of licensing, and also led me to The Millionaire Fastlane .
At the moment, I'm poised to start making contact with potential licensees for an e-reader accessory. I made a prototype, created a sell sheet, have compiled a list of contacts in that field. I'm finishing up my PPA, and have given myself a deadline of October 31 to file that with the USPO. (Because my idea is geared toward one particular type of e-reader, I'm doing a bit more research on how to build in some additional protections for making the same accessory for different e-readers. My next stop is Vigilante, to ask for some newbie advice.)
I have 2 more licensing ideas on the back burner, and will proceed with those after I get my feet wet with Idea #1.
Beyond that, I'm researching a subscription-based website for paralegals, a software application for a specific sector of law, and a new twist on a travel aggregation website. The challenge in each of these is deciding whether I should learn to code and build each project myself, or spend the time and expense of outsourcing the work. But that's a topic for another thread.
All in all, I'm really excited, and ready to learn as much as possible and put that knowledge to good use.
Ciao,
MichelleCheri
I'm what you could call a "serial entrepreneur." I'm GREAT at starting new projects. I've been working as a paralegal for 11 years, but am never happy unless I have a project to dive into during my off-hours. I love learning new things and facing challenges. I've started a novel, a memoir and a nonfiction book, and developed writer's block on every one. I've started product review websites that generated Amazon affiliate income and blogs that generated affiliate and ad income, all of which saw drops down to $0/month after multiple Google and Amazon Associates program updates.
Then there was the service business that generated $9-14K/mo in profits, but also required 12-14 hours a day of my time, 7 days a week. I realized I was miserable, and that my business wasn't scalable. So I returned to being an employee, and I really do love my job, my firm and my boss. Luckily, my boss is very open-minded and flexible, and as long as I get my work done, I have malleable hours and can work from home as much as I want/need to, which is a big help in finding time for other projects.
I get a lot of great business book recommendations from my boss, and one of those was the 4-Hour Workweek. Ferris' focus on time as your greatest asset really hit home for me, and reinvigorated my desire to create a reliable, passive income. Tim Ferris led me to Steven Key's One Simple Idea, which opened my eyes to the world of licensing, and also led me to The Millionaire Fastlane .
At the moment, I'm poised to start making contact with potential licensees for an e-reader accessory. I made a prototype, created a sell sheet, have compiled a list of contacts in that field. I'm finishing up my PPA, and have given myself a deadline of October 31 to file that with the USPO. (Because my idea is geared toward one particular type of e-reader, I'm doing a bit more research on how to build in some additional protections for making the same accessory for different e-readers. My next stop is Vigilante, to ask for some newbie advice.)
I have 2 more licensing ideas on the back burner, and will proceed with those after I get my feet wet with Idea #1.
Beyond that, I'm researching a subscription-based website for paralegals, a software application for a specific sector of law, and a new twist on a travel aggregation website. The challenge in each of these is deciding whether I should learn to code and build each project myself, or spend the time and expense of outsourcing the work. But that's a topic for another thread.
All in all, I'm really excited, and ready to learn as much as possible and put that knowledge to good use.
Ciao,
MichelleCheri
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