Two things I'm doing wrong (running an online business)

Daniel Bourke identifies two mistakes holding back his online business: talking about building products instead of actually building them, and poor focus. He's using a short daily task list to stay disciplined while doing contract work for A Cloud Guru and DataCamp, building a cash-flow reserve to fund his nutrition platform Nutrify over the next two years.
Chapters
Testing, babe. 1, 2, 3. Monday, you know what that means? Push-ups. We're gonna bust 100 out before we get started. 5 sets of 20, not in one go. Push-ups done. Every morning, physical activity. Alright, now the rest of the day is easy. Have a bloody go at this mobile workstation. Real mobile. Look at that. Fits under one arm. Pad, book, keyboard, iPad, book, pad, two pads. Alright, so unorganized I need two pads to write everything down. Well, we're gonna get a little dopamine hit because we we can tick off a few things here. What have we got? We've done reading, we've done most of writing. I'm gonna do some, some more later. I cleaned my room as well. Tick. Okay. Some of the comments you guys have been leaving on previous videos have been absolutely amazing. So thank you. Thank you very much. I thought I'd address maybe one or two really quickly. Someone asked, how do I avoid distractions? And so the, the real answer is I don't have a really in-depth one. It's quite simple, and I don't say simple as in you should do that, but this is just kind of what, what I do. I have a list of things that I write down, and the brightness is, it's too much. There we go. I have a list of things that I start off the day with. Same with the whiteboard, you just saw that one. That's over there. And I really don't do anything else but what's on that list. During the day. So don't get fooled. Hold on, I need it. Don't be, don't misinterpret my videos when I put like all the fancy edits and fancy music. They are pretty fancy, hey? Don't misinterpret it because really most of the work is just me sitting there doing what needs to be done. Like I put, if I put that clip in, have a look at this. Right, that's, that's no music, no edits, that's just what it is. And that's for hours upon hours during the day. I think that's, that's the most valuable skill I've kind of developed over time is to just be able to sit there and get something done. So, that's my main tip when it comes to dealing with distraction is just if you want to, I get lost in, in thoughts of what I have to do. So, if you want to avoid distraction, write down a list of things you're going to say yes to for the day. It should be a relatively short list depending on what you've got going on, and say no to everything else. The other one was lifetime value, the metric I discussed in the last video, being a hard metric for personalized services, which is 100% correct, which is kind of what I'm doing with, with my client work at the moment. I thought I'd address maybe one or two really quickly, really quickly, quickly. Could be using that effort to something scalable like wildfire, which is why I have a bias towards code and media. So that's the ideal scenario where I'm heading towards, is developing a product, building media around it. The product could be code or something like that, rather than me inputting hours upon hours in tailoring a personalized service. Okay, that's enough rambling for today. I'm just, I'm just I'm thinking out loud, right? I'm thinking out loud. If you have any advice or feedback or questions that you'd like me to interact with, leave a comment below. Otherwise, I'm very excited for later this afternoon. Today's the 15th of July and that's a very special day, but I'm going to do some work first and then we'll— I'll show you why I'm excited later. My God, it's cold today. I need my bigger hoodie. Okay, I got a call in 2 hours or so, so that should be a pretty good session. Let's set a challenge, see what we can get done before then. Alexa, 2-hour timer. 2 hours starting now. Hoodie on, adds 10% productivity. Door closed, adds another 10%. We're working on bonuses today. Alexa, stop the timer. That was a good session. Phone call time. Hello? Yeah, how are you? Bye. Bye-bye. I always get confused where to look at when you're talking to someone, like, because if you look in the webcam, you're making eye contact, but you want to make eye contact looking at the screen. That's a technical challenge someone can probably solve by manipulating eyes to look like you're looking at theirs. Anyway, long story short, eye contact is hard in video calls. Anyway, a tip for the that I've done for myself is kind of anticipating the questions someone's gonna have and then answering them before getting on the call so the call's not just like long and dragged out. I always try to have a few dot points written down about how I can answer questions or what questions I have and whatnot. But we're going good, tracking well. All we gotta do is do the work. It's food time. Oh yeah, I'm excited. Training done. Arms a bit tender. Thanks, Davo. Gonna have a shower and then it's time. It's time. All right, it's ready. It's ready. Ready for this? So excited. 10 days in the making. Family, what's cracking? Slim Shady, how you doing? Ready for it? There they are, the spicy dogs. So 10 days ago, I made my own pickles and now they're ready. I got dill, mustard seeds, garlic, jalapeños, chilies. Might have to bring out my own line of pickles. Would help if I could open. Moment of truth. Oh baby, that just bashed it down. Pickles, cooking show coming soon. You want a pickle slip? What do you rate it? The spicy dahl? Approved. Yesterday was push-ups, today's going to be yoga. I like watching YouTube for yoga. Yoga with Adriene is an amazing channel. And my puppies have decided it's fight time. Morning, girls. Starting in a nice cool seat. Woo! I feel amazing! Time to take on the day! I don't know what that little clap was, but yeah, we'll roll with it. Puffy's making a mess. Me too. Okay, today is gonna be same as yesterday. I'll take care of Bordie. You can't really see that because it's so bright in here. Thanks for the feedback on the last video. And then ride to the cafe, read, write, client work. That's a good day. Right, it's my turn to cook dinner tonight. So that'll be in a few hours. So we'll get a good session going before then. Alexa, 2.5-hour timer. 2 hours and 30 minutes starting now. Alexa, stop the timer. Yeah, what a day on tour. Nice and simple. That's how most of these days are. You just need to get in, get the work done. I'm gonna go cook dinner before training. See you tomorrow. Morning! Straight into it today. No café, no riding, because I'm helping my friend move house this afternoon. And if you've ever moved house before, you know it's a big deal. So I'm gonna get what I need to get done done this morning and then go help my friend. Yeah, email sent off, projects updated. And by the way, I had some questions in recent videos of people asking what exactly am I doing? Well, the main two clients or main two projects that I'm working on for cash flow is creating educational content for A Cloud Guru. And doing the same thing for DataCamp. So the way it kind of works is I work on something, it goes to an editor, and they check my work and give me feedback and then say, hey, you could make this a little bit better. Can you change this to make it better, more suited for the, for the platform? So that's how I'm getting cash flow for the time being. But I've kind of figured out what I've kind of been thinking about it for a while actually, what I'm doing wrong. If we come over here, we'll go to, we'll go to Bordy. So what I'm doing wrong, signaling. Now what's that? Well, signaling is someone who talks a lot about doing something but doesn't actually do it. So you need to monitor someone's actions. That's the way I believe is a much better way of judging someone of doing something. And so now what, what am I doing wrong? What am I saying but not doing? Now I say I want to get into product development, I want to start building things, but I'm kind of dancing around the point, right? And now that's where we go back up to here, go straight to the target. The quickest way to get to any goal is to go straight to it. And now I'm guilty of this as well, right? Like, I'll think about doing different things, but then you find for some reason you stop yourself from doing it when you're so close to getting it, when you know exactly what you have to do. To do, you hold yourself back. And now I'm guilty of this, but I've, through self-analysis and through writing and through watching myself and through making videos and whatnot, I'm kind of working out where I'm going wrong. So, what I think, what, what I know I need to do, I already know it, but I'm not heading towards that. So, that's what I need to fix. And that's going to be the goal basically for the rest of the year, because where I want to go is come back to the whiteboard, is creating something like this. Nutrify. What if you could see how a food was going to affect you? And now why, why do I want to create that? And this is fun because we're going back and forth to the whiteboard. But I want to— I did a nutrition degree, but I still don't know how to eat. I said that in the last video. I'm just a whole bunch of repeating myself here. Essentially, Everything about nutrition fascinates me and I want to work out what is my own personalized diet. And so I'm going to do a bunch of experiments and try to do that, but can I use technology to do that? Now I'd like to build some kind of product around that. However, I think that will take a lot more time and money than what I have available. So what I have to do in the shorter term is create a way for cash flow to start coming in more stably, right, than sort of just doing back and forth projects here and there, so that I can spend a large chunk of my time building Nutrify. Now, how am I going to do that? Well, I haven't quite figured it out yet, but I've got a few things playing out in my head. And so what I figured, I'll probably need— my cost of living has been— I've greatly reduced that, and so it's like basically about $1,500 Australian dollars per month, which is relatively cheap. So what I'm thinking, I'm going to need about 2 years of cash stockpiled so that I can just do nothing except work on, on my company. So that's what I need to do within the next 6 months is create that cash flow stock somehow and then use that to fund my longer term goal. And that was a bit of an extended rant. I'm going to end this video here and then we'll make another one. I'm going to try 2 this week. So let me know, this video might not turn out to be too great, but it's just me rambling. Anyway, long story short, I've got to set up like a war chest of cash to work on my longer-term goal. That's what I need to do. And the thing I'm doing wrong, again, signaling, saying I want to do something but not actually doing it. So, the way to sort of judge someone is by their actions. And that goes for everyone, including me. You have to be your own biggest fan and your own biggest critic at the same time. That's what I'm trying to do. I've got to go help my friend move. I will see you tomorrow. As always, keep learning, keep creating, and remember, the fastest way to the target is to just go straight to the target.
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