Joshua NelsonSeven Figure Agency · Mentor / Coach at Seven Figure Agency

3 Counter-Intuitive Mistakes Entrepreneurs Make

Name: 3 Counter-Intuitive Mistakes Entrepreneurs Make
Uploaded: 2021-08-24T00:00:08+00:00
Duration: 58 s
Channel: Joshua Nelson
Description: In this concise video, the speaker, drawing on experience working with thousands of martial arts school owners, outlines three recurring mistakes that…

24 Aug 2021 · 1 min

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In this concise video, the speaker, drawing on experience working with thousands of martial arts school owners, outlines three recurring mistakes that entrepreneurs commonly make. The first mistake is hiring too slowly, which keeps owners stuck in low‑value tasks instead of delegating to staff who can generate more revenue. The second mistake is failing to reinvest profits into marketing, limiting growth and scalability. The third mistake is not seeking a mentor, which deprives entrepreneurs of guidance, higher expectations, and a clearer path to success. The speaker emphasizes that hiring should be proactive, profits should be allocated to marketing for expansion, and mentorship is essential for strategic direction.

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I think there are 3 mistakes that entrepreneurs make, just kind of like if we're going to generalize. And I've worked with like thousands of specifically martial arts school owners, and these are the 3 mistakes that I see them make over and over again. Number 1 is they don't hire fast enough. They wait too long, right? They're stuck doing $10, $12, $15 tasks. They have this mindset of, oh, I need to make more money and then I'll hire. When in reality, well, you hire so those people can make you more money, right? So, I think that's mistake number 1. Mistake number 2 is they don't reinvest their profits back into marketing, which is how you grow. It's how you scale. And then, mistake number 3 is they don't find a mentor. And I made that mistake until I found you. And it's, you know, it's so funny because I know the importance of having a mentor. Sometimes you need somebody to, you know, put you on the right path, to tell you the way it is. And to set certain expectations. I'll set a certain goal and you're like, ah, you know, I think you could go a little bit higher.