
Hey beautiful people!
I have been learning extensively lately. Let me share with you some of the knowledge.
- If you're starting, try to minimize the timeline between an idea and it's implementation. Act! Act! Improvise along the way. You have no idea how many successful businesses would exist now if we didn't spend so much time waiting for the perfect time.
- If everyone thinks that your idea is 'amazing', then you're already late. If you want to get insanely rich from an idea, act when everyone else thinks it won't work.
- The last best time to start was 20 years ago. The next best time is now. (Read Alex Hormozi's book, $100M Leads, or follow him on X).
- If you're a business owner, focus on SPEED! From deliveries, how you respond to inquiries etc. SPEED is KING.
For business owners, during the hiring process, avoid hiring people who share your beliefs, or come from your same circle. This also goes to starters who are looking for partners, find someone who has a different frame of thought than you so that you balance yourselves out. 6. Don't be cute. If your current method works, don't spend money looking for another method. As young entrepreneurs, we tend to think that we're smarter than everyone else, or at least smarter than we really are. 7. Take money as much as you can during the sunny days of your business. Rainy days will come, so stop reinvesting your profits into your business. Remember the COVID time when most business owners were suffering because they had these good businesses and zero balances in their bank accounts? The goal of a business is to make you money, so take some money for yourself. 8. If you're just starting with no leads or customers, give something for free. This doesn't apply to product businesses. If you offer massage services, consultancy services, weight loss, etc. Take that first customer as your ambassador, if they love your services, they'll refer paying customers to you with LOYALTY. Don't be so entitled into thinking you're the only one doing it, it doesn't hurt to have loyal customers. 9. At whatever level of your entrepreneurship journey, don't stop acquiring different skills. Even if your business goes down in shambles, nothing will take your skills and you can always start again. SKILLS! 10. Strive to make as fewer dumb decisions as possible. We all make dumb decisions, but the effective people make fewer bad decisions and more good decisions.
That's it folks. If you've read up to this point, thank you. Let's keep chasing those dreams. Have a good day.