A Note for People Seriously Struggling

[ZF Lee]

I look at mindset as the seed.

Motivation is fertilizer.

Motivation is fleeting. And fertilizer by itself is meaningless.

Mindset is transcendent.

As long as that seed is there, it gnaws. It grows. And it breaks through.

Motivation can only serve as periodic growth that might make that seed grow faster.

'.....faith the size of a mustard seed....'

OHHH NOW I KNOW WHY HE SAID THAT.

Thanks, MJ and Get Right. Sometimes those two phrases get popped in together so many times that I myself get mixed up.

 

[GoGetter24]

I DON'T CARE.

You do care how long it takes, and at what cost, to get there though, right? You don't care if you get rich in 2 years or 12?

Wasn't Amazon started by one person? Ebay? IBM? E*Trade? GoDaddy? Dell? EDS? Wrigley?

I didn't say that can't be done, I was suggesting the odds are lower.

Ebay: Omidyar brought on Skoll very shortly after starting (less than 12 months later), and they both became billionaires when it sold, so I'm calling that a partnership.

IBM: The 'founder' was a financier who lead the amalgamation of a group of other companies together. I wouldn't call that founding, that's more M&A stuff, but still indicative of the mentioned rule: buying an existing company (or companies), bypasses the business failure rate.

E*Trade: No, founded by 2 partners.

Wrigley: took too long to be considered a valuable example.

GoDaddy, Amazon, Dell, EDS: Yes.

Keep in mind that "70% of business partnerships fail" (taking that statistic on faith) is not the same as "70% of businesses fail". A business can succeed, make money, and then the partners drift apart in vision, leading to selling the company, or buying each other out, etc. I don't call that a failure if they made decent money from it. There's a great book on this: "How I Sold My Business: A Personal Diary", where the guy ended up hating his partners' guts to the extent where he couldn't be in the same room as them, and no one would buy the other out, so he managed to offload it to the actual employees of the firm in a form of internal buy-out. But as he pointed out: he was getting $1000/day throughout the whole thing, despite the dysfunction and him not being in the office.

I recognize that the ideal scenario for getting as rich as possible, will full control, is to own 100% equity in something that you manage to get to take off. I'm just saying the chance of getting it to take off is higher if you have good partners. You can move twice as fast or more than alone, you're dividing the labour, etc, all which gives you better odds of striking the blade of the power law curve.

Of course we're all going to keep trying until we make a play that succeeds. But there's no romance in struggling. It's no value to me to have 20 stories of struggle under my belt. Only the result matters. If I can get rich within 3 years instead of 6 years by paying attention to the rules, I'd rather do that.

As a sidenote, I try to go it alone myself too (for a variety of reasons), but I recognize it would be better to have a good partner or two to accelerate things.

 

[Thomas Baptiste]

This represents me so well right now. It's really all about choices man, everything you do everyday is a choice. We chose to have mentalities that dictated how we should behave and the actions we should take in our lives. Choosing the FastLane isn't easy, but it's sure to reap bigger/better benefits than anything else out there.

 

[BigShaw]

Stream Mind Your Business 12/6/14 Free | Twin Cities News Talk

Skip forward to 25:30 and then listen through the end.

Thanks for sharing your experience and giving people like me hope that the future can still be bright!

 

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[masterneme]

I always think of the guy who created "Dollar Shave Club". He got his first 1,000 customers going door to door selling his product. Thats not 1,000 doors > its 1,000 sales. Imagine the brutal rejection that required. That is the mindset you need.

"It takes brass balls to sell <anything>".

 

[Fastlane Liam]

You're shifting topics here. I said I don't care about statistics because I don't care what others have done as a group. (individuals I care about...groups of people generalized into a statistic? Not so much)

Not sure what that has to do with your new questions here.

But, I'll answer.

Of course I care how long it takes to make my goals in life.

But my goal isn't to "get rich" (been there, done that. I was "rich" by most people's definition by age 25)

My goal is autonomy and freedom, money is just a means to that end.

My goal is to build a business that allows me to keep the autonomy and freedom I already have, and also increase my wealth to pay for continuing freedom and autonomy in my old age. (I'm 36, but I've seen enough to realize that old age/doctors/medical bills will very quickly erode my autonomy unless I can pay to remain in control)

My next goal will be to maintain my current goal, while building a legacy (I have an idea of what that will look like, but I don't care to share it)

So the business steps I take are more concerned with divorcing my time from the process than anything else.

As for other costs, I greatly enjoy the process and struggle of business (quite addicted to it), so no, I don't really care.

Sorry this is off topic but it fits it so well, Patrick Bet David (youtuber) said theres 4 Layers to Earning Money, and you seemed to have hit them all and in order - which is very fascinating to me. Congrats on your successes.

Layers:

Survival
Status
Freedom
Purpose

 

[The Devil (XV)]

 

[GoGetter24]

At one point, I was -$1,200,000 with no income. I fixed it.

What? How?

 

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[Deleted50669]

Read The Miracle Morning, it helped me.

The guy was in way more debt than you and turned his life around.

His struggles make mine look nonexistent.

Thank you, will do.

 

[ZF Lee]

Mindset and motivation are two different things. You are describing motivation.

Wait....what?

Could you elaborate on how different both are from each other?

 

[LiveFire]

Jason,

Thank you for recommending the reading of The Miracle Morning. Just ordered this. I will message you.

Read The Miracle Morning, it helped me.

The guy was in way more debt than you and turned his life around.

His struggles make mine look nonexistent.

 

[ZCP]

Check out his intro thread.....

@GoGetter24 maybe update your intro thread and then create a progress thread for something you are pursuing?

 

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[GoGetter24]

How many of your games or other products you launched since you signed up 6 years ago, @splok?

 

[GoGetter24]

If you spent half as much time working on your business that you do disputing posts on this forum

That's fair. I'll put it down now.

I was debating this topic to clear up my own thoughts on this question. When you criticize and question things, you bring out people's best arguments: or their worst if you're onto something. For instance, I was on the fence about getting involved in cryptocurrency, so I raised the debate in that thread, and due to the way they responded, took that as a "do not buy". And here: some guys are bringing out good points about mindset and odds, which I'm taking on board.

But the fact a staff member has called me a dumb shit, and is deliberately falsely interpreted my posts as trying to demotivate people and tell them "it can't be done" (despite all the points I made about improving the odds of getting it done), tells me that maybe this isn't the right place to have civil debates. So forget about it.

 

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[Counter]

I appreciate your guts that you shared your story with us. I think it is a wrong approach to start a business with the borrowed amount. You can lend money for your business but only when it becomes mature unless you will never get success at any cost. Stay blessed!

 

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[AllanB]

I totally agree with @GoGetter24 in this thread.

How can you seriously compare getting abs and succeed in business?
- To get abs, you have to do physical exercises, the result is guaranteed. All you need is willpower.
- To succeed in business, you need to work very hard, be smart and persistent. And nothing is guaranteed. You can do business for 15 years with all the possible efforts and get no result.

The difficulty level is just incomparable.

Excellent post: A Note for People Seriously Struggling