Start a service business on the side while keeping your job to hit the survival point where you cover your own expenses. About 80% of new businesses fail within five years, but that's avoidable if you generate consistent early revenue. Think big but act small: small steps build momentum toward massive success.
Chapters
If you want to have massive success as an entrepreneur, then the first thing you need to focus on is getting beyond the survival point so you don't have to worry about going back, working for somebody else, getting a job that you hate in order to put food on the table and pay your bills. Something like 80% of new businesses fail within the first 5 years, and that's unacceptable. That's crazy high. It doesn't have to be that way. And the big challenge here is most people don't get to the point where they have enough money coming in that they can support themselves. And so I want you to have the big goal. I want you to have the big vision. I want you to change the world. I want you to I want you to have a lasting impact and contribution on the people around you. And for that to happen, you have to be around. So I don't want you only focusing on the big picture and then having to close up shop in 3 to 6 months and go back working for somebody else, hating your job and wishing you could still do what you were doing before with your own business. To make that happen, you have to think big but act small. And so there's nothing wrong with starting on the side, starting part-time, weekends, evenings. Start with a service instead of a product to keep your costs down. Start small, get cash flow coming in, get to the point where you're making enough money just to support yourself and you don't have to worry about going back and get another job. And then that gives you the platform to expand for massive success. Keep that big picture in mind because that's what motivates you to get up every day and keep going. You know, it's tough as an entrepreneur. I remember, you know, for me even now sometimes it's hard waking up every morning and wanting to go out and do what I do. And it helps having that big picture in mind. You have to keep that forefront. But what you do today and what you do tomorrow are the small steps that get you going there. So if you're just starting up, if you're not achieving success yet or the success that you want to achieve yet, think about how do I get beyond survival point and all those little steps that will get you there. And once you get there, you keep that big picture in mind and it gives you the platform to go off and achieve all the goals that you're going after, whether it's being a multimillionaire, change the world, have a huge impact on your industry. I want that for you and it's entirely possible for you. And I want you to believe that. And those small steps, they may be discouraging. Feel like you haven't done much today, but those small steps, if you look back on it, will lead to bigger and bigger and bigger steps. So keep going, keep that momentum happening, get beyond survival stage, and you're on your way to building a lasting legacy.
