I Lost Half a Million Dollars in One Day

27/03/2023 12 min Temporada 1 Episodio 9
I Lost Half a Million Dollars in One Day

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Episode Synopsis

• Michael Cheney, an entrepreneur who earned over 10 million online, shared the story of losing half a million dollars in a day due to technical issues in his business.• He created a system that allowed customers to try out his product for $1 with an upsell option.• To get the one-click upsell system working he had to set up a US business, hire accountants and attorneys, and work with suppliers who spoke a language that he didn't understand.• The launch was chaotic and resulted in numerous customer complaints - leading him to take time off from business activities for six months.• Don't chase money, chase delivering value.• Don't jump on new opportunities just because they exist; only do them if they fit into your existing business model and system.• Know enough to be dangerous in all aspects of your business.• Use the ATM (At This Moment) mindset to make decisions; don't quit, cry into beer, or have tantrums for weeks or months.If you want to know more about Michael Cheney, you may reach out to him at:Website: https://growfast.biz/Youtube Page: https://www.youtube.com/michaelcheneyFacebook Quantun Level Group: https://www.facebook.com/groups/quantumlevelEmail: [email protected]

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