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I think the key is when you name at the end the kind of "six figure income" that can be generated by a successful "small" business akin to a corner shop! I think a lot of people don't associate that kind of income with a small business. Especially people used to working as an employee on minimum wage, or even with a more highly paid salaried profession. So there are social, political and cultural differences here, and I think people can sometimes confuse a wage from employment with the 'turnover' of a business, which also covers running costs, and what's left over is the profit. So in fact when other trainers talk about a "six figure business" they mean a business that turns over six figures, rather than how much money you can make. Which is the same as your definition of a successful small business.
Yes, it's critically important to discern between revenue and profit. The good news is that most of the clients we work with, with service businesses, have way higher profit margins than a corner store or other retail operation, so that someone can keep a large percentage of that six figure revenue.
@@MarkSilverHoB Yes I appreciate that running a physical corner store requires investing in stock and being able to accurately predict demand and control stock, as well as the initial cost of finding premises. Even if it's an online store there's still a cost to run the online store, and then know what products to promote that customers want. Selling knowledge/expertise and wisdom is easier in that respect.
Thank you for your video :) I agree it's not so much money, but middle class is disappearing and most of the times I feel uncomfortable wanting to offer my services to people that will benefit from them and asking for money. It feel like extorsion in a way. I really hope we realize soon this credit-money system we have is making us crazy. I highly recommend the book "Sacred Economics" by Charles Eisenstein. He explains it in such a deep and understandable way that I've never seen anywhere else.
Absolutely- and yes, I've read Sacred Economics, and love the connections he draws. Similarly David Graeber's book Debt: The first 5000 years was illuminating as to the history of how we arrived here. At the same time, it can be really healthy to be in a relationship fo equality with others, where we give to them and they give to us- not as a transaction, but as the circle of life.
