10 Years Plan and 1 Million Dollars A Year Business Income

how to be cash flow positive for your online business

the right way to do anything

Today, I am going to reveal my 10 years plan. As many of you (those who are regular on the Naked Soul blog) know we started this community to connect like minded individuals around the concept of “naked soul” in summer of 2014. This blog was launched in Oct 2014.

I published the Naked Soul, book I (a collection of erotic love poems) in January 2015. We started the Naked Soul Podcast in November 2015 and here we are today. It’s already April 2016.

2015 was a great year for me. But 2016 came with disappointments. My dad was diagnosed with stage IV stomach cancer and I went to care for him full-time for almost 3 months. I stopped the podcast series, stopped blogging, stopped writing and did not get paid for almost 2 months.

I had to borrow huge amount of money from my relatives to pay for my father’s medical bills. It was brutal to say the least. Emotionally I was at my all-time low and the entire first three months of 2016 was just painful and exhausting.

After I returned back to my normal life (not sure if I am truly back to my normal state of being), I started to write and blog aggressively. I am re-starting the Naked Soul podcast and working on publishing my second book (a poetry book on a spiritual theme). Sign up for Naked Soul VIP letters to get notified when it comes out.

Okay, so coming back to main topic for today’s blog. I was assessing my standing, my expenses around running this blog, podcast among other things and my income statement today. I have to admit, things do not look over-the-top, but I do see a trend here and a viable options to create a million dollar a year company which adds probably over 100 folds in value in return to the naked soul community and society in general.

I started The Art of Travel project which we would be launching soon next month. We separated Health & Fitness and Travel from the Naked Soul and created separate YouTube channels, blogs, social media accounts, and so on. So, now, our vision and messaging is even more clear and focused.

Although, traveling to explore your inner self, staying healthy so you can be of service to others and living like a naked soul are all related. Yet, we decided it is better to separate the three so that we can serve each communities within our larger community better and effectively.

What I wanted to tell you though is you can do this too.

I am going to outline my plan and revenue streams. I have written about some of these income streams in my other blog posts so make sure to read them. I won’t be repeating anything in this blog post. Everything is new and fresh. We want to take a step forward.

Loss Profit Or Break Even Signpost Showing Investment Earnings And Profits

To cross $100K in yearly income and to hit 7 figure income you first need to plan out your long term financial goals.
Following is my financial goal as a whole (which includes The Naked Soul, The Art of Travel, & Fit Couple Goals):
Year 1 2015 $500 (yes, I made only $500 in my first year)
Year 2 2016 $2500 (5X growth)
Year 3 2017 $20,000 (10X groth)
Year 4 2018 $60,000 (3X growth)
Year 5 2019 $120,000 (2X growth) (one person retires)
Year 6 2020 $250,000 (2X growth) (both person retires) 
Year 7 2021 $450,000 (1.8X growth)
Year 8 2022 $675,000 (1.5X growth)
Year 9 2023 $875,000 (1.3X growth)
Year 10 2024 $1,052,000 (1.2X growth)
What is X factor here?
The X denotes the times or multiplier. So for example, 5X growth means five fold growth or growing 5 times. Similarly, 1.5X means growing 150% or one and half times compared to the previous year.
Income sources
There are several ways you can bring in revenue. Some of these income sources bring in revenue for me today and some don’t. But as your community matures you can can be sure that all of these revenue sources will bring in some cash flow for the engine to keep running.
You need cash flow or else your engine will shut down. So, you have to plan this out from the early on.
(In no perticular order)
  • Blog ads
  • YouTube ads
  • Book sales
  • Podcast ads
  • Merchandise/Other Products
  • Speaking fee
  • Online Courses, Webinars, & Trainings
  • Private Consulting
  • Affiliate Income
  • Freelancing
  • Investment
  • Jobs/Gigs
There is a good chance that you are either a freelancer or a employee somewhere meaning you have a job (full time or part time). The first step is to bring in enough cash so you can safely exit and begin serving your community full time. To grow something into a self-sustainable business, you have to give your 100%.
And you can’t give your 100% if you work 8 am to 6 pm. Can you? Well, not really then read: learn how you can grow when working 8 to 6 is your only option. I was there. Been there, done that. 
My main objective is to replace my current private consulting income and begin engaging in full time entrepreneurship.
And, by year 10 (i.e. by year 2024), I want the enterprise to cross cross 7 figures in revenue. Well, revenue is not same as income, but that would be sufficient to grow these communities world-wide.  
Next, I will suggest you to draw the vision board for the next 2 years, 3 years, 5 years and 10 years. I did that. This is a very important step. Don’t skip it. Spend a lot of time creating your vision board.
Next, like ours, your biggest challenge is going to be the first three years, 2016-2018. 
But, having said that, after you have created and spent time absorbing your vision boards, just FOCUS on hitting the 2016 goal for now. Just focus on Year 1. That’s it.
Our 2016 goal is to bring in $2000. You can set a different number. It can be $100 of passive income. Or it can be $10,000 of side income in year 1. Again, it doesn’t matter. You decide and then plan it out according to the formula that I have just shown you above.
So where are we in 2016?
So far in 2016, we have made, $490 (Naked Soul YouTube) + $20 (Art of Travel YouTube) + $20 (Fit Couple Goals YouTube) + $380 (print book sales) + $200 (kindle) + $170 (Naked Soul Blog)  = $1280
$ Made = $1290 (in 120 days)
Target by Dec 31, 2016 = $2500
$ to Hit Target = $1220 (246 days to go)

I am totally confident that we are going to hit our goal.

If you noticed, one trick is to set a realistic goal; a goal that you are likely to hit and one which is not easy either. This way you won’t feel disappointed if you fail, because you won’t fail too far off (if you fail at all). The point is not to avoid failure but to really hit your target. 

And, if you succeed, your small success will act as a motivation for you. This will make you more likely to work harder for your next year goal.

Let me know if you any questions? I would be happy to answer anything you may want to ask me.

Take care for now and stay tuned for The Art of Travel. It is a beautiful, beautiful website with a lot of great essays, entertaining videos, inspiring pictures from around the world, travel tips & hacks and more.

 

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One comment

  • Good luck reaching your goals. We have a blog now, which is more for informing clients on how to buy products in the insurance vertical. Eventually, I would like to diversify into other areas of passive income. When you reach your goals, pleas let us know, you will need some life insurance.

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