How to outwork everyone else while not working and create a life of maximum freedom.
Most people spend most of their waking hours forcing themselves to do work that:
They force themselves to try the newest trendy business model that they're not truly interested in, and when a new shiny thing comes around 2 months in, they start it all over.
The main component of achieving success in business is time. If you never stick with one thing long enough to really become a master in it, then you will never be able to create a business that prospers. You keep resetting the clock.
The reason for this cycle is because when you get excited about something new, you are unaware of all the downsides that come with it and the amount of work that is required. You underestimate the amount of work that is required to start seeing real results. This cycle consists of three stages:
Many people will start the whole process over again with the enchantment of uninformed optimism in a new shiny skill or business model.
Until recently, I was part of this group of unfortunate souls. I started several different businesses over the years. Each one was the surefire best business model to go from 0-$10k per month. I would spend anywhere from 6-18 months on each business until I inevitably burnt out in the crash and burn stage or found the next shiny object. I kept quitting around the time when I would have started actually making money.
That's when I realized that businesses don't fail, people fail.
People quit for 3 main reasons:
Most of us live our lives with the assumption that if we spend 40 years doing something we don't really like, we can eventually retire and figure out what we want to do.
Without a compelling vision or purpose, it's easy to get discouraged and give up.
You need to rethink your entire approach to entrepreneurship. Start with the end vision in mind.
Check out my article How To Gain Clarity if you want to learn how to create your vision.
A business is a vehicle that creates value by alleviating pain for others by solving their problems.
A lot of entrepreneurs delay putting out any products until they are perfect or the offer is just right.
"I need to do more research so I can nail down my offer".
Most of the time, your product idea is completely unaligned with what your target demographic actually wants and you won't know that until you put it in front of them. The answer is to put out the product as fast as you can and start getting feedback. It's the back-and-forth with your audience that creates a good product. It comes from feedback and iteration. You aren't going to put out a good product on your first try. The greatest killer of any entrepreneur's dreams is launching a product that you poured your time, energy, and heart into to face the one thing you feared all along... Nobody cares about your product.
Many aspiring entrepreneurs focus on everything except creating and selling a product that people actually want to buy. You need to get the mud out of the pipes anyway, so just start shipping offers as fast as you can.
Mental friction is the amount of energy required to begin working on a task and maintain focus on the task until it is complete.
The amount of mental friction for a specific person to complete a specific task is dependent on how much that task aligns with their goals, how much clarity they have on how to accomplish the task, and the amount of perceived effort required.
There are at least two ways to reduce mental friction:
Getting stuck in time-consuming client work or freelancing that takes up all your waking hours is a great way to make sure you have no energy left to actually make progress.
You can end up being stuck working IN the business and never get a chance to work ON the business (that's how you free yourself).
You need to evolve beyond trading time for money as fast as possible.
Freelancing can quickly turn into a worse version of a normal job.
Getting trapped in client work can lead to burnout and prevent entrepreneurs from scaling past a certain level.
All of these reasons can be boiled down to one big idea: alignment.
"The Master does nothing, yet he leaves nothing undone"