Ignorance is why 80% of your business fails
Content consumption = 80% loss.
Knowledge collection = 80% growth.
The most valuable fuel in solopreneurship is not capital.
It’s your knowledge.
It makes or breaks how you grow your business without wasting the resources at your disposal.
There are at least “1000 solopreneurs” out there earning pennies.
With no idea of how to grow and scale their business.
With responsibilities that require financial needs.
With the fear of losing the effort, they put in.
You just might be one of them.
You watch big billionaires and new startups launching products and get successful in months, while you’re working years.
Every aspect of the online world seems unreal to you now.
If you are exactly at this point, you can still change…
Consumption vs. Collection
Remember when we talked about “knowledge in business growth” ?
That’s the key to breaking away from your current lifestyle.
It’s your superpower.
Ask yourself.
What’s the difference between you and the entrepreneur you look up to ?
Yeah, they have the capital, time, and freedom to do more.
But, the difference in knowledge is a primary factor.
It’s a factor you just might be ignoring.
Every piece of data that can grow your business must be utilized.
Every piece of data that can scale your business must be utilized.
You don’t have to research and analyze information to grow your business.
You do it every day.
Yes, you do it every day.
Every day you are consuming data.
Data consumption can be turned into a form of knowledge.
The process goes like this…
You work your best and decide to take some time off to “scroll”.
1 video becomes 2, and 2 becomes 3, and it goes on.
As hours go by, you start to procrastinate.
This cycle puts you in a place where you want to get better, but just can’t.
This is the mindset limit that social media puts us through.
Consuming content is the worst factor that can limit your growth, as an individual and as a solopreneur.
How do you break out of this loophole ?
You put a positive spin on this situation.
Let’s accept the fact.
You can’t avoid using social media.
It’s the most powerful addiction in today’s era.
But, you can turn consuming data into collecting knowledge.
This small switch feels mind-blowing to me.
I mean, you might be thinking “This is all it takes to change my life” ?
After a long time, I realized it to be amusingly true.
When you consciously consume content to use it as a resource for your business, the whole equation changes.
This is what it looks like :
You consume content
You focus on the content that can drive your business
You collect that content and store it
You piece together the data in the content
You correlate and build your knowledge
And your knowledge becomes the greatest asset in your business.
Knowledge System
Your mind can only stay strong and motivated for a short time.
Your consciousness can wander off and change over time.
To implement knowledge collection into your daily life,
You need a SYSTEM.
With a system like Knowledge OS, you can continuously consume data and turn it into your knowledge.
Here’s how it works to grow your knowledge and implement it into your business.
1. Knowledge Sources
The most common sources from which you consume knowledge can be categorized into one of these :
Books
Courses
Podcasts
Websites
Online Reads
Social Media
Defining the source from which you gain knowledge and optimizing for the best boosts your growth.
2. Daily Reads
Prepare a list of websites and articles you read every day to keep track of your digital reading routine.
These can be the news feed where you are constantly in contact with current events.
This knowledge can give you an unfair advantage at times.
3. Visual Search
Now that you can store the knowledge, you need an easier way to browse it.
Categorize the type of content into text, image, video, or audio.
You can discover content that best suits your taste (with a simple search).
4. Time Tracking
Social media is where most of your attention exists.
Make sure not to waste it on entertainment.
Spend it wisely on educating yourself and investing in your knowledge.
Track your social media consumption in a database timeline view.
5. Knowledge Progress
If you are learning a skill through courses, you know the value of knowledge.
Investing in a good course always gives you a positive ROI.
Spending on the right course will save you years, putting you ahead of those still trying to figure out their business.
With these 5 approaches, you can build your knowledge base without disrupting your content consumption.
With more knowledge in specific aspects, your business will grow.
Knowledge OS :
This is a Notion system I built when I faced this exact problem of finding myself immersed in hours of content consumption.
Thanks to this system, I now spend 2 hours consuming content and coming up with ideas for 2 weeks.
That’s all for today.
P.S.
I didn’t get to send you the email last week as I was so immersed in creating a new product. I’m constantly sharing my progress on Twitter/X. I hope you enjoyed reading this one.
From this week, I’ll send you emails on Saturday nights instead of Sundays.
See you next week.
Previous Post :
Regards,
Templater Guy.