In this conversational video, two speakers discuss three critical mistakes that early‑stage entrepreneurs commonly make. First, they argue that many founders fail to model their actions after proven, successful entrepreneurs, choosing instead to blaze their own trail without a roadmap, which wastes time and money. Second, they highlight a lack of patience, noting that newcomers often quit prematurely when results are not immediate, despite being close to a breakthrough. Third, they stress the need for a sense of urgency and hunger to stay aligned and avoid missed opportunities, even as they balance this with patience. Throughout, the speakers share personal observations and emphasize that learning from mistakes, following effective guidance, and maintaining both urgency and perseverance are essential for sustainable success.
Chapters
One of the biggest mistakes that I see, I'll say early entrepreneurs, because I think if you're a successful entrepreneur, then you've got some things right. But the biggest mistakes—
It's good if you make mistakes because you learn.
Yeah, that's right. If you make mistakes, you learn. That's so true. But I think vital mistakes, you know, crippling mistakes are the ones where people don't model after successful entrepreneurs. You know, people, they'd rather blaze their own trail and march to the beat of their own drum. And now yes, you need to do that as a successful entrepreneur. To get there, you need to march to the beat of your own drum. But it's at the, also I believe it's at the beat and at the drum of someone who's gone before you. Someone who you can model after that's successful. Because it just saves so much time, so much money, and sometimes people, they don't make it through, or they don't even create traction and success because they're just, they're constantly doing things their own way. So I think that has been something I've seen on both sides, you know, where I didn't follow directions. That's why I can speak from example, you know, and then when I follow directions or I was being led, how drastically a difference that made in the results. You know, so—
I think in addition to that, it probably would be the lack of patience. I think that beginning entrepreneurs especially, they just don't realize how close they could be to success or things turning around and they just quit. And I've watched people throughout the years, especially on our journey, just Quit, and I'm just like, oh my gosh. And I know there was challenging times in our life that we never spoke that we wanted to quit. I don't think that there's a quit button in us. But you know, just the feelings of like, oh, is this ever gonna happen? Or like, what? Like, I mean, I don't really know exactly what everybody thinks, but I remember just thinking like, is this ever gonna happen? And then just kind of snapping myself back into thought, like, well, if I do nothing, it's never gonna happen. And we just kept on keeping on, keeping on, kept on keeping on. And because of that experience, just watching people just lack patience, you know, they're so anxious for results without putting in the work. And that's what I realized, that you might want somebody else's results, but you also have to do what they did to get those results. And it takes patience, you know?
Yeah, and the last thing I'll say is urgency, which almost sounds like a contradiction to patience, right? I believe you have to have urgency, 'cause if not, you, It's just like being incongruent. You know, you miss, you misalign, you missteps, you know, you miss, you miss things that otherwise obviously you wouldn't, you know, if you were just urgent. You know, I think that is so important to, to be hungry, you know, to have that hunger and urgency.
Yeah. Yeah. Success is not going to come handed on a silver platter.
