What’s something that actually slowed you down early on, but nobody in the online business space talks about?
Not tactics.
Not mindset quotes.
The real stuff you only learn the hard way.
Just curious what people wish they’d been told.
Honest question for entrepreneurs and coaches.
byu/infiniteeat inEntrepreneur
Posted by infiniteeat
6 Comments
Not delegating work early. I had service business which never scaled because I did always everything, majority of my time went for actually providing the service, project ended and I had to find new project.
“Invest into yourself” – build your system from Day 0:
– write down 10 goals for this year
– plan your day / week / month / year
– find time for sport (you can start with just 20 min warmups but daily)
– find time for yourself, to gain energy, reading, friends (but limited window)
– preplan 10+ hours of day for work daily (6 days per week, keep one day to reload mind from work)
Later once you have a basic system, analyze spent time:
– find least ROI activities, delegate them
– move time to more ROI ones (calls with clients, partners, selling, etc)
Universal instruction for anyone at any industry.
Giving it all away for free!
Lots of time spent helping but very very bad return on investment.
Now I give away information for free but sell implementation for a high ticket price.
Almost all of my colleagues don’t know the power of a proper mission and vision statement. I find this is one of the biggest factors in the stagnation of small businesses.
Nobody is going to care as much about your business as you. This is how you feed your family while to them it’s just a job. If they can’t seem to grasp or care about what they’re supposed to do then you have to jump in and do it. Get rid of them and find somebody else. Eventually you’ll get the right fit and when you do hang onto them so you can do other things. Bad employees slow you down and you slow the whole business down if you don’t take over and then fire them.
I would say lacking execution. I’m the type of person who likes to “plan” and “organize” things to the extreme, and I’ve come to find out that business (along with other ventures in life) is 80% execution and 20% planning. Executing fast means you’ll fail faster and consequently learn faster. It’ll also ensure that you seize opportunities when they appear instead of letting them go because you didn’t act fast enough.