Fast Money Or long term Strategy?

One of the most challenging situations we face as entrepreneurs and content creators is the need to make money the fastest way possible over thinking about the best content we can deliver, although these two can correlate on an important level considering that the best content will give you the best results, but is it fast to generate results though?

This dilemma is mostly seen in entrepreneurs who are just starting out, who's workflow hasn't been applied to any long term strategy yet, this can either be due to a lack of experience or lack of a clear vision.

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But first let us explore why is this a dilemma and a crucial matter for us entrepreneurs.

well, the most important reason and probably the only one worth mentioning is lack of financial resources in other terms, pursuing a consistent income.

When we first start out in the entrepreneurial journey it is perfectly normal to think about what is the best way to start having a flow of money into our business, but we can easily fall into the fast money trap.

The fast money trap is when we prioritize short term strategies over long term strategies, which means focusing most of the time on the fastest way to make income without working on developing a viable product that will not only attract consistent clients but will last for a long period of time.

Short term strategies are great when they're part of a long term strategy, and have been broken down in order to identify the micro strategies and actions that need to be taken respectively, but when these short term strategies are not part of any bigger plan, then it's more of a quick fix to the lack of money we're facing, which means jumping from one thing to another, making low quality products that doesn't meet the clients expectations and eventually build a bad reputation about our business.

What about long term strategies? are they any good for new entrepreneurs and creators to consider them and to really invest time into them? actually in my opinion it is more easy to go long term then short term, but how?

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Going long term can mean that we don't have to gather a strict action plan, no precise to the point strategy, it doesn't mean going vague, but it means identifying the important guidelines, identifying the horizon, knowing where we are and where we're going.

It also means sticking to the one thing that you know best, the one where you find your genius self in, that thing even if it doesn't to bring in any results, we will stick to it, we will continue on producing it, along the way we'll discover new strategies we can try and introduce smoothly into our long term strategy.

At this point we can see the difference between short term and long term, one is about trying a lot in a short period of time without any considerable consistency, the other is sticking to one clear plan, until becoming a master at it, one is going to get you money fast, but without consistency and there's a big risk that your business will reap the consequences, the other will not get you fast money, but will surely guarantee a consistent growth of income until you reach the level you desire.

So what's your Go, Short term or long term? we have to admit that the answer can be challenging to others due to different circumstances, but we have to know that focus, consistency armed up with faith can never go wrong.

It your choice now.