Book Quotes @Strong_Mindd
Follow for daily Book Quotes. Joined December 2021-
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I built a $5,000,000 business in 5 years. But it hasn't been all sunshine and rainbows Here are 4 mistakes that cost me $1,850,000:
I’m obsessed with learning. So, I spent 100+ hours studying books by James Clear and these 9 famous authors. Here’s what I learned about business and life:
Why I am so bullish on the creator economy: → AI is fuelling more and more layoffs → Laid-off people are more and more likely to start their own businesses (because of AI) → A huge percentage of these people will flow into the creator economy. [THREAD]
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4. Overspending on ads = $350k We didn’t monitor ad spend as closely as we should have. We weren't tracking properly. The ads were not optimized. We had to hire an ad buyer which instantly increased ROAS.
3. Overpaying employees = $200k. Making compensation plans is a crucial skill, especially in the early stages of a company. You have to think ahead. I just did it based on feeling. For example, I paid a sales rep $30k one month because I didn't set comp up correctly.
2. Clawbacks on the recourse-based financing = $150k. We took customers whose credit scores were low and financed their purchases Of course, many stopped making payments Now we only take clients who are BEST fits for the program from both an investment and success perspective.
1. Overhiring = $1.15M. We grew from 0 to $2.8M in a year. So we assumed we'd keep the same growth rate and started hiring like madmen: • Sales reps • Account managers • Agencies & freelancers Great people, but too much too soon and growth slowed a bit.
I built a $5,000,000 business in 5 years. But it hasn't been all sunshine and rainbows Here are 4 mistakes that cost me $1,850,000:
These laws can be applied to all areas of life. They explain the behaviour of many of the most successful people in the world. In this video Greene explains that all great achievers have a dark side:
You need to make a habit: • Obvious • Attractive • Satisfying • Easy to fulfill This increases your likelihood of keeping it:
'Atomic Habits' Most people know the habits they should have. But they struggle to retain them. Author James Clear explains the 4 elements that create a "habit loop":
I’m obsessed with learning. So, I spent 100+ hours studying books by James Clear and these 9 famous authors. Here’s what I learned about business and life:
Trend #3: The creator economy boom These fresh entrepreneurs are realizing the power of growing their business by building an audience. A huge percentage of them will flow into the creator economy. The creator economy is booming and is set to DOUBLE in the next five years.
Trend #2: Tech Layoffs Tech layoffs are rising. And the prediction is that these positions will not be filled again, rather they are already being filled by AI… So what do you do when it’s getting harder to find a job and easier to leverage AI? You start your own business.
Why I am so bullish on the creator economy: → AI is fuelling more and more layoffs → Laid-off people are more and more likely to start their own businesses (because of AI) → A huge percentage of these people will flow into the creator economy. [THREAD]
This is Brian Tracy. He's a salesman, self-made millionaire and business coach worth over $15,000,000. His 5 lessons will show you how to get everything you want in business (and life):
I created an AI system that lets you repurpose your content in seconds. And I'm giving it away for free. Here's how it works:
Your entire life will change the moment you prioritize: - Living out your imagination - Doing things that are hard - Loving your future self Implementation heuristic: - Live out your imagination, not your history. - Do things that are hard till they become easy. - Love your…
My #1 regret in life: I wish I had taken myself and dating more seriously in my 20s. 8 pieces of Brutally Honest relationship advice that I’d give to my younger self (so you can avoid my mistakes):
Lock yourself in a room and make 5 pieces of content a day for 1 year
I went around and asked supercar owners: • How they got rich • Biggest lessons • #1 advice to young people Here’s what they said:
I'm 29. I'm retired. Retirement isn't the end of work. You retire the moment you: - Cease work solely for financial gain - Pursue passions without a price - Command your own worth Retire wisely.
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