Entrepreneurship Tips
- Don't obsess about millions, just get the 1st sale done.
- You'll never work so hard for so little.
- Be prepared to sacrifice a lot.
- I can't work 100 hour weeks.
- 99% of of people don't understand what you're doing.
- Boredom and changing direction will kill your business. I've pivoted a few times in the business and it HURT. Just because I got bored. What a luxury boredom is. If you sell something and you get bored, just make it better, automate it, improve the S%^& out of it. Only once it's running like clock work should you do something new. Plus I've seen a fair few businesses come and go who just couldn't stick at one product or service.
- People on Youtube do not represent the vast majority of business owners.
- Success comes at a price. Get help ASAP. When the money starts to roll in, you'll be tempted to keep the cash for yourself. But the quicker you can get admin and ops in place the better. I HATE admin with a passion, and I recognise that. When I got my first reasonable pay day 6 months into the business I hired a VA.
- Don't try to be anyone else but yourself. The way I do business is unique and has brought a measure of success, but I spent ages trying to "copy" other people, and it didn't work. You know why? I'm not them and their not me. I learnt how I work, what I have to do to get the best out of me, and what my weaknesses are.
- Knowledge means nothing without execution.
- Don't let it go to your head. When I started getting a bit more successful, I raised my rates, took more clients, made more products, and half f&^%ed myself, because I got to big for my boots, and ended up not delivering the same quality of work I did when I was hungry and poor. Currently we are resizing the business so we do less but better. I'm slowing down not speeding up. I watched wayyyyyyyyy too many real life stories about "How this guys made a KAJILLION dollars in 1 year." I'm not saying it's not real, it just doesn't have to be me. Plus that guy probably never set out to do that. It just happened.
- If you can pay the bills this month right now, you're laughing. If you can pay the bills next month as well you've made it.
Status:: #wiki/notes/mature
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References:: From 0 to 6 Figures (What few people will tell you)