I Made A Mistake

TLDR Nomad Capitalist achieved record profitability, but decided not to launch Nomad Capitalist Plus due to lack of alignment with business goals. They will prioritize high-value events and serving high-net-worth clients, pausing the membership service and focusing on global client acquisition.

Key Insights

Focus on Profitable Ventures

Nomad Capitalist made a strategic decision to focus on more profitable and strategic ventures rather than launching the Nomad Capitalist Plus membership service. This decision was influenced by the recognition that the projected numbers and volume of interest did not align with their overall business goals and current strategies. By prioritizing profitable ventures, Nomad Capitalist aims to secure clients from around the world and organize high-value events.

Shift Focus to High-Net-Worth Clients

The company expressed a shift away from serving individuals with lower income and a focus on high-net-worth clients. This shift in focus reflects their intention to cater to a more affluent clientele, aligning with their business objectives and strategies. By targeting high-net-worth clients, Nomad Capitalist aims to enhance the quality and profitability of their services.

Prioritize Nomad Capitalist Live

Nomad Capitalist has decided to prioritize Nomad Capitalist Live, their annual event, by planning to make it the biggest and best ever. They also announced special offers for those who purchased Nomad Capitalist Plus, despite not launching the membership service. Prioritizing Nomad Capitalist Live emphasizes the company's commitment to delivering high-value events and engaging with their audience in a meaningful way.

Questions & Answers

What update was shared from the recent emergency meeting at Nomad Capitalist?

The update mentioned the achievement of single digit percentages of all-time profitability records at their campus and the launch failure of Nomad Capitalist Plus. It also highlighted the planned continuation of Nomad Capitalist Live as the biggest and best ever, with special offers for those who purchased Nomad Capitalist Plus.

Why was Nomad Capitalist Plus not launched as promised?

The decision was influenced by the recognition that the projected numbers and volume of interest did not match reality. Despite initial interest, it did not align with their overall business goals and current strategies. They decided to focus on more profitable and strategic ventures.

What are the future plans for Nomad Capitalist's services?

Nomad Capitalist plans to offer free courses in the future and is committed to reinvesting in the business. They are also shifting their focus towards serving high-net-worth clients and prioritizing Nomad Capitalist Live over Nomad Capitalist Plus.