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3 IMPORTANT QUESTIONS ENTREPRENEURS SHOULD ASK THEMSELVES

 

3 IMPORTANT QUESTIONS ENTREPRENEURS SHOULD ASK THEMSELVES


IS THE PROBLEM THAT I AM TRYING TO SOLVE BEING FACED BY A LOT OF PEOPLE?WILL IT STILL BE RELEVANT AFTER YEARS TO COME?

IS MY TARGET MARKET READY TO PAY FOR THE PROBLEM I AM TRYING TO SOLVE?

DO I HAVE THE NECESSARY SKILLS TO GET STARTED WITH MY VENTURE?

MOST ENTREPRENEURSHIP STORIES START WITH A SEARCH FOR PROBLEMS, WITH AN ATTEMPT TO SOLVE THEM.

MAKE SURE THAT THERE IS A NEED FOR YOUR PRODUCT.

ENTREPRENERUSHIP DOES NOT INVOLVE OVERNIGHT SUCCESS.

LEARNING HOW TO MARKET A BUSINESS IS AS ESSENTIAL AS BUILDING A PRODUCT.

LAST BUT NOT THE LEAST, THE SOONER YOU FAIL, THE BETTER IT IS.

(LEARN FROM YOUR FAILURES).

 

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BREAKING THE MYTH

 

BREAKING THE MYTH

YOU DON’T REQUIRE $1 BILLION FOR FINANCIAL FREEDOM

HOW MUCH MONEY WILL YOU NEED TO BE FINANCIALLY FREE?

$1BILLION?

BUT IF I SAY, YOU ONLY REQUIRE $10-50 MILLION TO FULFILL EVERY DREAM OF YOUR LIFE?

THE THING IS WHEN WE GET TO BIG NUMBERS, OUR MIND STOPS WORKING WHAT THEY MEAN

 


LET ME PROVE IT TO YOU

1)   1)   HOW LONG AGO WAS 1 MILLION SECONDS AGO?

THE ANSWER IS 12 DAYS AGO

2)    2)  HOW LONG AGO WAS 1 BILLION SECONDS AGO?

THE ANSWER IS 32 YEARS AGO


12 DAYS VS 32 YEARS

ARE YOU ABLE TO SEE THE DIFFERENCE?

THIS IS THE DIFFERENCE BETWEEN A MILLION AND BILLION.

THE POINT OF THIS EXERCISE IS TO REALIZE THAT WE BLUR LARGE NUMBERS AND IF YOU GET DOWN TO FACTS, AN EXTRAORDINARY LIFESTYLE PROBABALY COSTS LESS THAN YOU THINK IT DOES.

 

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WHY YOU NEED TO WAKE UP AT 5 AM

WHY YOU NEED TO WAKE UP AT 5 AM

LET’S SAY THE AVERAGE PERSON WAKES UPS AT 7AM EVERYDAY.
BY WAKING UP AT 5PM YOU GET 2 HOURS EXTRA EACH DAY, 14 HOURS EXTRA A WEEK, AND 728 EXTRA HOURS A YEAR WHICH TRANSLATE TO 30 DAYS.
THAT ‘S GIVES YOU A WHOLE MONTH HEAD START ON ALL YOUR COMPETITORS.
IN BUSINESS YOU NEED TO WORK LIKE SOMEONE OUT THERE IS TRYING TO TAKE EVERY DOLLAR FROM YOUR BUSINESS. BECAUSE THEY ARE!

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VERY FIRST STEPS TO START A BUSINESS

VERY FIRST STEPS TO START A BUSINESS

1 THINK ABOUT FUTURE, LIVE AHEAD.

 

2 QUESTION YOURSELF WHAT IS MISSING IN THE WORLD.

3 WRITE DOWN IDEAS BEFORE BOUNCING.
4 CREATE A PROTOTYPE.

5 ITERATE ON THE PROTOTYPE.
6 FIND A CO FOUNDER.

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THE 90/20 RULE BUSINESS HACKS

THE 90/20 RULE
 
TRY WORKING AT A RATIO OF 90:20. 
90 MINUTES OF WORK BEFORE TAKING A 20-MINUTE BREAK.
THIS WILL CREATE A “FLOW STATE”, RESTING YOUR BRAIN JUST ENOUGH SO IT’S FRESH FOR THE NEXT 90 MINUTES.