2019 Monthly Income Report - Miles Beckler's Blog Income For March & Net Worth Update

TL;DR

Income reports can mislead; focus on creating valuable content.

Transcript

hey miles here miles becker.com it is the beginning of April which means it's time to go back through all of March's numbers and do an income report so we can total up all of the sales that I made all of the profits from my business from March so I can show you what my income was but it's April 1st which means it's April Fool's Day which means I'm ... Read More

Key Insights

• Income reports often focus on vanity metrics that don't contribute to business growth. Instead, entrepreneurs should focus on actionable metrics they can control, such as content production and audience engagement.
• Comparing oneself to others' income reports can create a false sense of inadequacy and hinder progress. It's essential to focus on personal growth and the value provided to the audience.
• Building a business should be about being of service to others. The word 'deserve' is rooted in 'de serve,' which means to serve others, and this should be the core philosophy of any business.
• Content creation should be the primary focus, with consistent efforts in publishing valuable content to reach and help more people, which in turn will lead to business growth.
• Social media should support core content like blog posts, podcasts, and videos. Leveraging these platforms can help reach a broader audience and provide more value.
• The ultimate goal is to help the audience achieve their goals and solve their problems. This approach will naturally lead to business success and deserved income.
• Income reports can create a mindset trap by making entrepreneurs feel far from their goals. The real metric of success should be the impact and help provided to the audience.
• The journey of building a business is about consistent effort and focusing on what can be controlled, rather than comparing oneself to others' financial achievements.

Questions & Answers

Q: Why does Miles Beckler not create income reports?

Miles Beckler believes that income reports focus on vanity metrics that do not contribute to genuine business growth. He argues that entrepreneurs should focus on actionable metrics within their control, such as content creation and audience engagement, rather than comparing themselves to others' financial achievements.

Q: What is the primary message of the video?

The primary message of the video is to emphasize the importance of focusing on being of service to others rather than fixating on income reports. By prioritizing the value provided to the audience and consistent content creation, entrepreneurs can achieve deserved success and income naturally.

Q: How can income reports negatively impact entrepreneurs?

Income reports can create a false sense of inadequacy and make entrepreneurs feel far from their goals. This mindset trap can hinder progress by focusing on others' financial achievements instead of personal growth and the value provided to the audience, leading to discouragement and inaction.

Q: What should entrepreneurs focus on instead of income reports?

Entrepreneurs should focus on metrics they can control, such as content creation, audience engagement, and the value they provide. Building a business should be about being of service to others, and consistent efforts in these areas will naturally lead to business growth and deserved income.

Q: What does 'deserve' mean in the context of business success?

In the context of business success, 'deserve' is rooted in 'de serve,' meaning to serve others. Miles Beckler emphasizes that entrepreneurs should focus on being of service to their audience. By helping others achieve their goals and solve their problems, entrepreneurs naturally earn the income they deserve.

Q: How does social media fit into the content strategy?

Social media should support core content like blog posts, podcasts, and videos. By leveraging these platforms, entrepreneurs can reach a broader audience and provide more value. The focus should be on using social media to amplify the impact of valuable content and engage with the audience effectively.

Q: What is the 'results in advance' approach?

The 'results in advance' approach involves focusing on helping the audience achieve results and solve their problems before asking them to purchase anything. By providing value upfront and being of service, entrepreneurs can build trust and naturally lead to business success and deserved income.

Q: Why is consistent content creation important?

Consistent content creation is crucial because it allows entrepreneurs to reach and help more people, which in turn leads to business growth. By focusing on producing valuable content regularly, entrepreneurs can engage their audience, improve their reach, and ultimately achieve the income they deserve by being of service.

Summary & Key Takeaways

• Miles Beckler discourages focusing on income reports as they emphasize vanity metrics. Instead, he advocates for focusing on actions and metrics that can be controlled, such as content creation and audience engagement.

• The video highlights the importance of building a business that serves others. By focusing on being of service, entrepreneurs can naturally achieve the income they deserve, as the word 'deserve' is rooted in 'de serve.'

• Comparing oneself to others' income reports can be detrimental. Entrepreneurs should focus on personal growth and the value they provide to their audience, which will lead to genuine business success.