the bank doesn't care about your record month


just booked a few padel courts for next weeks open office in Fred's Inner Circle

and it made me think about last months event

last month, at the open office day for all clients, something really hit me during the dinner

Andreas is about to become a dad

Gustav is searching for an apartment with his girlfriend

Rasmus & Jonas are looking for their future home

big life stuff and huge moves...

such seasons of life require lots of peace of mind and stability

i recognize the feeling

im also looking at houses and scanning the market a few times per week

to set some expectations, i've spoken a bit back and forth with the advisor from my bank, Henning

mainly around the financial side of things

so far, he doesn't seem impressed with record and peak months

actually, he couldn't care less

all he cares about is how consistent my business is, because without any consistency, theres no security for him

so i thought a lot about Henning when i redesigned the financial aspect of digital coffee shop

"consistency & stability" was the overall theme

  • my average monthly payments from clients are now smaller, but they come next month too
  • i work with a higher volume of clients, but it's awesome for the community and diversification
  • my business don't "peak" anymore like it used too, but my monthly recurring revenue climbs every month

all of this has given me a pretty cool feature:

i can finally plan a life around my business

because i know what the 1st of next month looks like (and the month after that)

if you're about to make a big move in your life such as a house, a hire, a kid or maybe you just want to avoid chasing sales..

then your business model has to be able to carry it

record months don't carry anything (and won't impress Henning)

boring, predictable months do (and will impress Henning a lot)

best, fred

ps.

i got 2x family vacations in July, and this year, i can actually enjoy them because i know exactly how much i'll make

if you'd like the same, and want help with building the boring, predictable version of your business, Fred's Inner Circle opens again in August

you can get started for $1,550/month if I feel like it's a good fit

all the details can be found here: https://docs.google.com/document/d/1RSHl7reo6ieQt3uk1FwL8BOr2KMOw6sS_lpW5EbJqH0/edit?usp=sharing

Frederik Pahuus

I write about unique mechanisms, my marketing philosophy "Show Don't Tell" and content ecosystems. I send an email every morning on the journey from $500k/year to $2m/year while following my rules.

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