Feb. 8th 2023
Feeling: Exhausted
Today is February 8th, 2023 (Wednesday), my exam went well yesterday and for some reason, I come up with my next moves right before bed. Today I’m going to put together a blog post that explains how to boost your financial health and start working for your future along with the mindset behind it. Especially in America, people are so hyper-focused on spending their money today and wanting to afford things today. If they were to utilize their money in specific ways, they could purchase those items in the future with money they never worked for. The money you work for is far more valuable than money that was made with your existing capital. That’s because you’re directly spending your time to get that money, which time is your only truly limited resource—just some food for thought.
I’m starting to rethink the focus of this blog and what I do with my time. I need to reconsider my value chain and business structure to generate enough value for my viewers to keep them engaged and willing to return. I want to try my hardest to be the best businessman I can which entails I perform ethical business. I would like to make a product that provides undeniable satisfaction but I have to identify a need that my audience wants to be satisfied, then fill those needs effectively. While I do think there is valuable information being shared here about my daily life and displaying my thought process, it’s not written in a convenient or orderly fashion to answer specific questions someone might have. I’m questioning my whole business model mainly because I’m starting to lose steam after seeing how much time each day this blog takes out of it and not seeing any revenue from it. It’s very discouraging, to say the least even though I’m mostly doing this for my benefit. With that being said, I’ll be performing a SWOT analysis on my brand to identify and set in stone how I want to go about spending the little time I have to work on this blog.
If you don’t know what a SWOT analysis is, the acronym stands for Strengths, Weaknesses, Opportunities, and Threats. It’s pretty basic business lingo nowadays and I believe it came from a military way of thinking. Strengths and Weaknesses are descriptors of the internals of a business, whereas Threats and Opportunities describe external conditions or competition. You can apply this framework to any business and this answers the question “Where do we want to go?”.
With that being said, this is about all of the time I want to spend on this blog since I plan on writing a lengthy blog that will be posted later today.
