It has been four months since my last update, during which significant developments have occurred worth sharing. Here’s a brief recap of my progress:
While managing a full-time job, I acquired a business and increased its revenue from approximately £2,000 a month to over £80,000 monthly.
Here are my earnings over the past months:
- July: £12,000
- August: £4,000
- September: £21,000
- October: £25,000
- November (as of the 24th): £35,000 (ended with £46,000)
Recent Updates:
- December 2023: £79,000
- January 2024: £39,000 (experienced stock shortages due to December’s growth)
- February 2024: £60,000
- March: £80,000
The growth trajectory continues steadily. Recently, I decided to resign from my full-time position and will be dedicating myself to this venture full-time starting May 2024. I am excited to see where this path leads.
Key challenges I’ve faced in the last four months include:
- Cash flow management due to substantial stock purchases, vital for sustaining growth and advertising.
- Accurate stock forecasting to prevent depletion.
- Retaining Return on Ad Spend (ROAS) during scaling.
- Balancing my previous job responsibilities with increasing time demands.
- Customer service, which I now have help with.
- Indeed, VAT considerations in the UK have impacted our profit margins.
I am also exploring new opportunities and would love to connect with others on a similar path, so feel free to ask any questions!
