Episode 150: Build Your Runway With Minimum Viable Income (FS150)

The Fizzle Show

fizzle.co

Entrepreneurship, Business, Careers, Freelancing, Marketing, Small Business

4.8 • 648 Ratings

🗓️ 17 February 2016

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

    <p>If you’re like the rest of us, you’ve probably found yourself daydreaming about the life of an entrepreneur: set your own hours, live where you want, make money from passive income while you sleep and wake up to the “cha-ching!” of a cash register as you check your bank account. As much as you might feel giddy about leaving your day job behind, the truth is that employment provides at least one very attractive feature: a steady income. You have a lot to figure out before you can tell your boss to take a hike, and most importantly you need to know exactly how you’re going to put food on the table. Okay, so you probably already knew that part. But where is the money going to come from, and how are you going to make it happen? These are the tougher questions, and ones we consistently hear inside the Fizzle forums. Today on the show, we get into one Fizzler’s story and break down an extremely important concept: Minimum viable income. Fizzleshow.co/150</p>

Transcript

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0:00.0	Hello and welcome to The Fizzle Show.
0:07.0	This is The Fizzle Show.
0:13.0	Our mission here is to help you do great work, dent to the universe,
0:18.0	and support yourself doing something that you actually care about.
0:21.4	Your hosts are Barrett Brooks, Steph Crowder, Corbett Barr, and me, Chase Reeves,
0:26.6	we run fizzle.co, training courses and community support to help you run a small business.
0:33.6	You can try your first five weeks totally for free on us as a podcast listener when you go to fizzle.com slash try five.
0:43.1	In this episode, if you're like the rest of us, you've probably found yourself daydreaming about the life of an entrepreneur, setting your own hours, living where you want, all that stuff.
0:53.4	And as much as you might feel giddy
0:54.7	about leaving your day job behind, the truth is that employment provides at least one very
1:00.8	attractive feature, and that is a steady income. I can say from experience, that is sort of helpful.
1:06.7	You have a lot to figure out before you can tell your boss to take a hike. And most importantly,
1:12.7	you need to know exactly how you're going to put food on the table. And you, okay, so I get it.
1:16.8	You already know that part, right? But where is the money going to come from? How are you going to
1:21.1	make it happen? And what is the amount of money that you actually need to make? These are the
1:26.7	kinds of tough questions we hear all the time in the Fizzle forums.
1:30.1	And today on the show, we get into one Fizzler story
1:33.4	and break down an extremely important concept,
1:36.9	the minimum viable income.
1:39.3	Follow along at home at fizzleshow.co slash 150.
1:43.0	I'll be back after this conversation to fill in any gaps.
1:47.6	And we're back. I just sometimes like to talk us right out of this small talk and get straight
	...

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