Nathan Barry (@nathanbarry) knows better than anyone: Sometimes, you're working hard on something, and it's just not happening. How do you decide whether to double down, or shut down?
This is what Nathan was asking himself two years after launching his email service, ConvertKit. He was bringing in only $1,500 a month, and he was losing customers every month.
It was time to decide: Double down, or shut down.
Today, ConvertKit brings in much more than $1,500 a month. They recently had their first million dollar month.
Spoiler alert: Instead of shutting down, Nathan did double down. Today, we’ll analyze how he made that decision:
When Nathan decided to double down, he had no idea if his business would succeed. How did Nathan – and his spouse – mentally prepare for the worst-case scenario? Nathan had to dig into his savings to the tune of $100,000 to double down on ConvertKit. What criteria did he use to know whether or not to quit. What was the one question Nathan asked himself that ultimately got him to double down?This is a super valuable conversation. It's incredibly helpful if you've been working on a project that just isn't taking off. I've used this conversation myself to think about this podcast, how I define success, and how I should divvy up my own resources amongst my various projects.
Love Your Work is now fully listener-supported!Patreon supporters are now covering ALL production costs for Love Your Work! Join our wonderful Patreon backers at patreon.com/kadavy.
Free Creative Productivity ToolboxI quadrupled my creative productivity. Sign up and I'll send you the tools I count on: kadavy.net/tools
Feedback? Questions? Comments? I love to hear anything and everything from you. Leave a review on Apple Podcasts, Tweet at me @kadavy, or email me david@kadavy.net.
Sponsors
http://gusto.com/loveyourwork
http://earthclassmail.com
Show notes: http://kadavy.net/blog/posts/nathan-barry-podcast/
252. Amusing Ourselves to Death Book Summary
NOTE: Listen to Mind Management, Not Time Management free (at kdv.co/mindaudible)
251. Survivorship Bias's Fatal Flaw
250. My Zettelkasten: An Author’s Digital Slip-Box Method Example (Using Plain-Text Software)
249. How to Take Smart Notes Book Summary
NOTE: New (free) email course. Build your writing habit at kdv.co/100
248. Understanding Media (by Marshall McLuhan) Book Summary
247. How to Land a BookBub Featured Deal
246. What I Learned from Naval Ravikant's Meditation Challenge of 60 Hours in 60 Days
245. The Avocado Challenge: Tell The Future
244. The Black Swan Book Summary (Nassim Nicholas Taleb)
243. Buy Mind Management, Not Time Management at kdv.co/mind
242. Getting Thing Done Book Summary
241. Raised Floors
240. Welcome to the Creative Age
239. Week of Want
238. Shun the Unearned
237. Complexity Creep & The Birthday Problem
236. Time Worship
235. Clock Time Event Time
Create your
podcast in
minutes
It is Free
The Resilient Mind
Positive Thinking Mind
Visualize Meditations
BPLUS بیپلاس پادکست فارسی خلاصه کتاب
جافکری | Jafekri