Thread: Lessons Learned from The Fastlane

Not a lesson learned, but the people in the forum and at the "B&P" give you confidence to move forward, to get off the couch.

The like minded people being part of your team, bouncing your ideas/thoughts off of.

Reaffirms community

Community is the salvation of the world - no small thing

The framework set up here is efficient, high quality input (speed itself)

Efficiency can be measured = Output / Input

I have learned you must embrace uncertainty and move forward anyway.

Andy Stanley once said that generally speaking you're probably never going to be more than 80% certain. Waiting for greater certainty may cause you to miss an opportunity.

Perhaps thats what separates the top 1% from the rest. When 99% of us see it as risky the 1% see it as a risk but take it anyway. Courage - acting in spite of fear.

One glaring observation I have made just in these past two days is:

Don't get emotionally attached to your idea/business

Two days ago we changed the business model of our current project. I'll tell you what. I was absolutely in LOVE with the old idea. In fact, I was so bent over backwards that it clouded my judgement without me even realizing it. Only until we changed our business model did I realize how MEDIOCRE our idea was. It's scary to think that you can fall into a state of mind where you are unable to see the big picture for what it really is.

So what I personally learned was to approach your business/idea as objectively and unemotionally as possible. Anything otherwise and you risk viewing your idea/business through a pair of tainted sunglasses.

-Ryan

compilation of 30 short&quick FL Tips that I have learned here and use them every day:

1) If you think something is impossible - Give Up or consider inventing from failures.
2) The only enemy to victory is you.
3) Focus only on the end result & goal.
4) Problems are challenges that need to be overcome.
5) Other people's opinion's do net make your reality.
6) Focus only on one (1) thing and kick ass at it.
7) 10 businesses that make $100/mo. aren't better than 1 that make $1.000/mo.
8) You have to eat, live and shit your thing.
9) Talent is not required, but desire and discipline are.
10) Every customer service must be S.U.C.S..
11) Service is better than product.
12) B2B is better than B2C. Companies care more about their ROI than average Joe.
13) Don't be Guru'd.
14) Answer to what you want to be must always represent a dream, vision and hope.
15) There is no experts in predicting markets.
16) Opportunity dosn't care about your timing.
17) Good money is $20.000/mo.; Big money is $200.000/mo.
18) You must do something for what you thing is good and enjoy.
19) "How can I make moey?" mindset will lead you no where.
20) Build system that generate money by filling needs and sole problems.
21) No product = no shipping + no product and/or shipping headaches.
22) Always have full control over your system. No matter are they made by partners, hire-outs or in-House.
23) Do what you love and money will follow is BS.
24) Anything build on sand comes crumbling down.
25) Never stop learning.
26) Get rich quick is good / Get rich easy is evil.
27) What do I have to offer the World?
28) Use "Pay Per Drink" revenue model.
29) Don't listen to those who have less.
30) Impact Millions.

Originally Posted by exon

compilation of 30 short&quick FL Tips that I have learned here and use them every day:

1) If you think something is impossible - Give Up or consider inventing from failures.
2) The only enemy to victory is you.
3) Focus only on the end result & goal.
4) Problems are challenges that need to be overcome.
5) Other people's opinion's do net make your reality.
6) Focus only on one (1) thing and kick ass at it.
7) 10 businesses that make $100/mo. aren't better than 1 that make $1.000/mo.
8) You have to eat, live and shit your thing.
9) Talent is not required, but desire and discipline are.
10) Every customer service must be S.U.C.S..
11) Service is better than product.
12) B2B is better than B2C. Companies care more about their ROI than average Joe.
13) Don't be Guru'd.
14) Answer to what you want to be must always represent a dream, vision and hope.
15) There is no experts in predicting markets.
16) Opportunity dosn't care about your timing.
17) Good money is $20.000/mo.; Big money is $200.000/mo.
18) You must do something for what you thing is good and enjoy.
19) "How can I make moey?" mindset will lead you no where.
20) Build system that generate money by filling needs and sole problems.
21) No product = no shipping + no product and/or shipping headaches.
22) Always have full control over your system. No matter are they made by partners, hire-outs or in-House.
23) Do what you love and money will follow is BS.
24) Anything build on sand comes crumbling down.
25) Never stop learning.
26) Get rich quick is good / Get rich easy is evil.
27) What do I have to offer the World?
28) Use "Pay Per Drink" revenue model.
29) Don't listen to those who have less.
30) Impact Millions.

Most excellent!! I even had to copy this for myself to make sure I don't forget anything. Speed+

If we can figure out how much out time is worth and delegate or
outsource the menial labor task or bottom line & peace of mind
would be much better.

Yep, you pretty much summed it up in a nutshell.

You don't have to physically meet someone to build a personal, lasting and real friendships.

Bump!

I was reading through this thread and really like it

I would add to the already awesome lists, is the key to happiness and success is to give. It sort of lines up with filling people's needs. The more you give the more you will begin to see a void filled. Every action has an opposite and equal reaction. If you give, you will also receive great rewards.

When you give you are also thinking about what others need and want. If you become a person who always has what others are lacking you will be successful. So learn to give.

Next, this has already been mentioned but would like to restate it. Visualize yourself already successful. If you want to have a million dollars and live in a million dollar home driving a nice car then picture yourself already in possession of those things. And do it daily.

Lastly, don't spend all 10 hours of your day visualizing. You have to act. Start now.

These are the things I have learned and am putting them to use now. Wish me luck!!

While there have been multiple lessons that I have learned from many people here and from personal experiences these two come to mind first.

Once You Take the First Step- Once you take the first step and take action, a journey begins and there is no turning back. As you accomplish your first goal, there is another one right after it and you keep going. As you progress, your journey begins to grow and what you have already accomplished feels like nothing. I remember taking that first step and I will not lie, I was scared, I was fearing of the unknown, now as I have completed multiple goals, I embrace the unknown and prepare for whatever may happen. I also remind myself of this- F.E.A.R.

F-False

E-Events

A-Appearing

R-Real

A Unique Formula- I have also learned that everyone has to create their own unique formula to wealth. No formula is alike. Each formula will only work for the person that creates it. Just because someone has created an online service and made millions doesn't mean that you can do the same thing and expect the same result. Your formula can be in E-Business but you must create the formula and go from there. Once you create this formula and begin to generate income, you have made a unique formula that works for you. After that, repeat process. These formulas can change though, and should, to keep up with demand and your clients. As of now, I building the foundation of my formula and testing out new waters.

What you know today is not enough to become the person you can be tomorrow.

Translation: Keep learning and refining your skills set.

Originally Posted by PhxMJ

What you know today is not enough to become the person you can be tomorrow.

Translation: Keep learning and refining your skills set.

LOVE IT MJ! +++ speed

Words of wisdom..Hmmm thanks for all of them.

Originally Posted by Stephen Kid

Talked about stock picks, proven and strongly suggested!
change dot word to a dot symbol and paste this Link in your browser

[deleted url]

Hmm, You learned THIS on the Fastlane did ya? I think not.

He's Banned and posts are deleted.

Persistence is Key: You must be persistent at what you are doing and at what you want. If you give up on your first or second try, you will always stay in the same place. Whether it is calling up that VIP contact, or coding for a site, you must be persistent and not give up. Just don't make yourself look desperate.

"Brick walls are there for a reason. They let us prove how badly we want things."- Randy Pausch

Fear can disguise itself as action. Constant research, failure to commit to an idea, overplanning, etc. are all examples of actions that, on the surface, appear to be moving you toward your goals, but are in fact just manifestations of your fear. Analysis is good, as long as you recognize when "enough is enough".

Money is a representative vehicle of value. Therefore, if you are not focused on providing value TO your customers, you can't expect VALUE (MONEY) to come FROM your customers. If the focus is on providing value, the money will come.

Business owners make thousands of decisions, often within a very short period of time. If you aren't expecting this, you will quickly become overwhelmed as things like what hue of blue to use for a particular word in your logo become mentally consuming. Be 'the decider' and get things done.

Believe in karma (see paragraph 2). Come on this forum and ask questions, receive advice, and enjoy the conversation - but remember to contribute yourself.