Sure.
So you said something really interesting that I find.
So I’m going to point it out because you said back then it was more difficult to start a business than it is now.
I don’t know, I don’t know if that’s true.
I don’t know.
I think I feel like it could get so busy online that it’s even harder to cut through that noise, but to your point of what called me to do it is I have this entrepreneurial spirit in me.
Once you have it, you have it.
I started my first business in Bulgaria.
The Black Sea at 17 renting windsurfs at the Black Sea.
So I can live for months out of the year at the Black Sea and have fun.
And once you have the entrepreneurial spirit in you, I don’t think starting a business is for everybody.
It’s definitely not for everybody.
There’s a lot to be said about having a nine to five job, and a regular paycheck because us entrepreneur kinds are a little crazy.
We jump in both feet, we have to be able to deal with the uncertainty, the financial insecurity, the ups and the downs and we become our worst bosses.
We do it.
Well, I did to pursue more freedom and I ended up not having the freedom I wanted.
Right?
So often times we start a job because we want more flexibility, more freedom and we end up becoming a slave to that job.
Now, currently in the gig economy, I was actually just looking up some stats because I’m working on my book.
The gig economy is really big in the UK.
It’s really big in the U.S. and globally.
It’s 104 billion.
It was 204 billion in 2018.
It’s going to be 455 billion by 23, which is next God, which is a compound annual growth rate of 17.4%.
The number of freelancers in the U.S. is going from 57 to 86 million by 2027.
In the UK, the gig economy has almost doubled and accounts for about 4.7 million people.
So a lot of people great resignation, half of people are changing jobs, but not all of them are starting their own businesses, right?
We’re currently reversing the 13 million, sorry, a 13-year slump in starting businesses in the U.S., so we’re reversing that.
So people are realizing I want to have more freedom want to have more flexibility.
I can do it from anywhere thanks to technology, right?
Which is something I couldn’t necessarily do back then.
Well, I could, because I did, but not too many people were that adapt to using technology right now.
It’s changing and the tools are becoming easier and easier to do.
So, from their perspective, you’re right.
It’s easier and easier to set up an online business, do it overnight and start selling something.
It’s harder because more and more people jumped online doing the same thing.
So it becomes more critical to how do you differentiate yourself and you and I were talking a little bit before we hit record about niching down.
And that’s the one thing I feel like I didn’t do well.
Even though I was niching down primarily in social media and primarily in travel, and health, and wellness and recreation industries.
I still feel like if I had niched down even more, I would have done better financially with less work, but instead, we fall for this hustle for four days, more is better.
We fall for this.
I can’t say no to a client.
So, I had a client in hotel industry, a client in floral industry and a client in the gym industry.
You know what I mean?
But if I had niched down in just one of them, I could have maybe become the category queen of that industry and completely dominate the market be known for just owning that corner and I think that’s the point.
I’m trying to make with people trying to start a business.
We sometimes think that we need to reach more people and be, you know, broader aspect when in reality, the riches is in the niches, you know, niching down as much as you can as much as you can, is key.
Because there’s just so much noise online.
So for people to follow you, and for people to want to work with you, they need to understand what you stand for.
And it’s just, it’s to me, it’s getting really tough.
To be called you lie.
You can’t distinguish yourself from other people, although, like, the niching thing.
I feel like you mentioned travel industry and imagine if your niche in that, and then the pandemic hit, you’d be screwed.
So
value oriented, when I set up my business because I wanted to, I wanted to go work with the ski resorts and go have a client meeting with the marketing director in ski while we’re talking work or, you know, go to Sydney and go work in the gym and have a meeting, you know, we
had.
Yeah,
that was, that was a great business.
What happened though?
Is I realized that all I did was work.
Mmm.
All I did every single minute of my
waking life when it’s your own business, it’s baby right?
And you get attached to it and it’s like they think like most business owners they suddenly realize time is money and like, if your every moment you’re not working, you’re actually like losing a potential and they see it as a negative thing.
They’re not thinking about all the positive stuff that comes with it, that you need to rest.
You to be set that I call, but I could be working, I could be adding this, and it’s very easy to slip into.
I completely get why you did that especially like, you said you’ve got that entrepreneurial spirit, you started a business at 17, like you’ve got that drive you obviously ambitious.
So you want to do the best you can and so it’s natural to kind of fall into that.
So I guess I like, you know what you’re about now is kind of the opposite to that kind of marketing agency life and all that sort of stuff.
And, you know, you are so chill and you’re like all about that.
You’re all about making a better life for everyone.
And, you know, you’ve branded up under hustle which is so cool that you’ve got this absolute opposite to hustle culture and say it’s like I just walked me through though because you are, you know, you’d followed your dream which we thought was your dream into this marketing agency.
You’ve done really well.
You’re working on these big brands.
You’ve got like, what seems like the ideal life and it’s all go, go, go.
At what moment did you think, right?
This is not a dream.
This is actually a nightmare like, how do I get out of here?
What happened?
So, you mentioned so many things.
I want them.