from https://www.thefastlaneforum.com/community/threads/stop-cheating-yourself-and-earn-what-youre-worth.109957/

Nice post on the forum demonstrating what it takes to succeed in business. Any business. Here is the list, and my reflections on each. Pretty much each of these notes are philosophies I’ve been preaching for years….

Consider these cheat codes.

  1. seriously just choose one thing
  2. it’s going to be harder than you think
  3. try hard enough and long enough that it becomes improbable to not succeed
  4. can’t treat it like a hobby – gotta do the things you don’t want to do, and do things when you don’t want to do them
  5. iterate until iterating costs more time/money/energy than the increase in benefit from iterating
  6. you don’t have to be perfect, you already know enough to start
  7. provide value to others, and really figure out what that looks like, not what you think it looks like or should look like
  8. act fast
  9. there really is no ceiling. Big dreams and goals aren’t crazy, but short timelines can be.
  10. there are no excuses, even in the face of things you can’t control, because there are enough things you can control.

1️⃣ Seriously just choose one thing

Focus. Don’t fall into the trap of the Tekel syndrome. Multiple businesses suck; don’t try it unless you already sold a business for gazillions. When one wants to become a piano maestro, you also don’t learn the tuba and the flute.

2️⃣ It’s going to be harder than you think

All business is hard. SaaS, coffee shop, window washing, SpaceX … doesn’t FN matter. HARD. This is why you pick ventures that will change your life. Make sure effort is rewarded, handsomely; time, money, or both.

Link: https://www.thefastlaneforum.com/community/threads/stop-cheating-yourself-and-earn-what-youre-worth.109957/

3️⃣ Try hard enough and long enough that it becomes improbable to not succeed

Entrepreneurs are problemologists. When one gives up after the first few problems, one refuses to be an entrepreneur. I see BPH1994 falling into this trap as he expects business to be problem-less. Reality: business is one problem after another. He who solves them quicker and without batting an eye wins.

4️⃣ Can’t treat it like a hobby – gotta do the things you don’t want to do, and do things when you don’t want to do them

Again, business is hard. It’s more about doing what you hate than what you love. Yet that struggle pays off in spades. I’m teaching myself jump rope tricks. Do you think I love getting whipped in the back of the head as I fail a trick? Do you think I like having welts on my neck? It sucks. The joy comes from mastering the trick, but only after 100 whippings.

5️⃣ Iterate until iterating costs more time/money/energy than the increase in benefit from iterating

Act, assess, adjust.

6️⃣ You don’t have to be perfect, you already know enough to start

Stop thinking, start doing. Then act, assess, adjust. Every adjustment leads you in the direction of better, which is one step toward the elusive perfection. Move toward perfection—knowing you'll never get there—and everything works out.

7️⃣ Provide value to others, and really figure out what that looks like, not what you think it looks like or should look like

Ah yes, the market doesn’t give a shit about your ideas. It only reacts to them. The market is the ultimate judge/jury of your value. They vote with their money. You can have a great campaign, but if no one votes for you—something is wrong, and what you thought was value wasn’t. Adjust … messaging? product? audience?

8️⃣ Act fast

The quicker one iterates through Act, Assess, Adjust, the quicker improvement occurs, which means the quicker value is created and delivered.

9️⃣ There really is no ceiling. Big dreams and goals aren’t crazy, but short timelines can be.

Find where the scale is. Find the bottleneck, and solve it.

🔟 There are no excuses, even in the face of things you can’t control, because there are enough things you can control

from https://eventualmillionaire.com/emotional-intelligence-connection-in-business-with-joe-hudson/

People make emotional decisions. To say, ‘I’m not bringing emotions into business,’ is like saying, ‘I’m not gonna bring the biggest tool that I have to influence decisions into my business.’

– Joe Hudson

If your business depends on you, you don't own a business—you have a job. And it's the worst job in the world because you're working for a lunatic!

– Michael E. Gerber

books

tool

See

Links