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Going Fastlane Like My Life Depends On It.. (continued)

mikecarlooch

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I'm not going to lie, it's one of those times right now where I feel a little helpless, depressed, unsure of what direction to move in.

For the next month we don't really have a way to push our product out unless we come up with some way (we spent $5k to get what we need built, and it's going to take a month).

The truth is, we may lose clients and need to start over.

We thought ads would cut it, but unfortunately it won't.

I know it's part of the process, but wow. This has been a massive series of highs and lows. Getting calls from clients asking what's going on and needing to tell them the situation is not fun.

Anyone else feel this way? Just things you start doing more of when you're not aiming in the direction you want to..

for me it's too much reading. In order to cope with the fact that I have no idea what to do I turn to books to waste time, or the gym, or this forum (lol)

Or spending time strategizing shiny ideas of doing something else that seems more attractive.

This thread is about being honest on my journey, and right now it's not so good!!
 
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pascal

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I'm not going to lie, it's one of those times right now where I feel a little helpless, depressed, unsure of what direction to move in.

For the next month we don't really have a way to push our product out unless we come up with some way (we spent $5k to get what we need built, and it's going to take a month).

The truth is, we may lose clients and need to start over.

We thought ads would cut it, but unfortunately it won't.

I know it's part of the process, but wow. This has been a massive series of highs and lows. Getting calls from clients asking what's going on and needing to tell them the situation is not fun.

Anyone else feel this way? Just things you start doing more of when you're not aiming in the direction you want to..

for me it's too much reading. In order to cope with the fact that I have no idea what to do I turn to books to waste time, or the gym, or this forum (lol)

Or spending time strategizing shiny ideas of doing something else that seems more attractive.

This thread is about being honest on my journey, and right now it's not so good!!
My advice I should tell, is to you use 3As commandment from the book of mj(ACT,ACCESS, ADJUST), and also I'm really happy you found the mistake you've made , so let's your direction now be the way of finding the solution or answers to that mistake. so Stay strong my brother one love
 

mikecarlooch

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It's happening.. a realization that the business I'm in currently can make a good living short term, but not a fortune.

We face two challenges -

1. If we obtain too many clients, we have a higher chance of breaching legality and facing consequences
2. In 1-2 years there will likely be even stronger regulations on what we're doing

So you know what..?

I feel like the reason I've chosen a business that is on the border of legality is because I'm looking for some kind of "quick" way to do it.

No. We're starting something new.

My business partner and I had a long conversation. We can keep doing what we're doing, but it's just going to make a living in the short term. Our company has some valuable assets and a great offer.

What does this new project entail?

Let's put it this way. It's not some internet marketing thing or something where some corporate oligarch can shut us down.

It requires us to obtain government licenses, capital, and software.

Step 1 & 2 is figuring out the cost of the software and how we can obtain the legal contracts

Step 3 is - after we show that we're able to get those licenses, we pitch investors because when we have these licenses we know we have something that has very difficult entry barriers.


We will need to obtain legal advice from attorneys.

Aka, this is a REAL business, and we got the insight from my partner who is a 20 year real estate veteran and spotted the need for what this company will do.

Going fastlane like my life depends on it.. Yes.. We may have a potential failure on our hands, but we're going for big with this next company. If we can obtain - the required legalities, good development, a lot of users, and a lot of capital, the goal is 9-10 figures long term.

As a matter of fact, this type of business is way more aligned with my personal 10 year long term goals.

And I'm going to do it completely legally, providing real value that creates true wealth in the world.

Let's see where life takes us.
 

Gio.N33

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For those unfamiliar, I have a thread in the INSIDERS section of the fastlane forum detailing my journey of execution and basically giving my all to the pursuit of entrepreneurship. Why a new thread? Because I'm too cheap to pay for INSIDERS and I want to continue documenting publicly.

If you read the thread, it's basically a sh*t show - I think I tried 5 or 6 different business ideas in the life of that thread that failed and probably 8 since I joined this forum, and probably 20 in the past 5 years. Everything from dropshipping to ebay to cryptocurrency to amazon to Minecraft servers to famous tiktoker to basketball cards to video editing agency to MLMs to liquidation business to social media guru to god knows what else LOL. Yes, tekkel syndrome indeed, for those of you who read TMF .

To pick up from where I left off, I (very recently) after years of trying things out, dedicated myself to an industry, and I will not leave it. I unexpectedly fell into the world of programming, and unexpectedly fell into the world of real estate where I need to generate massive amounts of leads, do calls, make offers, the whole shabang, which was a pretty foreign (and terrifying) thing to me 3 months ago.

So.. I quickly realized that I was curious enough about these two things to become obsessed and that I'm good at them, and I could just combine them.. And there's my industry.

As someone who's conditioned myself to seek out entrepreneurial opportunities, I went in looking for needs. What does this company I'm working for need? What can I create? What do I need to learn? What skillsets do I need to learn and who do I need to partner with..?

So.. I did. I spotted a need - very quickly..

But I didn't mention it to ANYONE until two months in.

Why?

Because I KNEW that my first client.. Was the company I'm working for.

And as a new guy in the company, I wasn't just about to pitch some idea to them.. No.

I had to first gain their trust by overdelivering in what I was there to do.

I realized that the amount of leads they were getting was minuscule - a few people sitting in a room waiting for a lead to come through on a facebook ad, I noticed some days there would only be 2 leads that came through or even NONE, and it felt like a massive waste of f*cking time..

I had enough of it - so I said - hey - here's what I'm gonna do - I'm gonna generate my own leads.

So they looked at me like.. "Ok...." a little shocked but really - not believing me.

I figured that if I could deliver on my promise to get them leads, they would trust me on my other things and maybe even take me up on my idea. and be a client.

Within 5 days I had generated them more leads than.. seemingly.. They've ever gotten by utilizing some creative strategies that I had a feeling were going to work, because I've used them before in other industries. All of a sudden we had no one to call, to having hundreds of people to call. And I can't go here without referencing @Johnny boy .

So I delivered on my promise to generate leads and got a solid amount of contracts signed within my first month in the company.

At this point I felt great about myself because I actually felt valuable - like all these years of inaction and doing stupid bullshit that wasn't going to work was finally getting somewhere.

So I continued overdelivering and about 2 weeks ago I decided to ask the big question - "My programmer friend and I are looking to create something for people like you - so I gotta ask - what do you wish existed for your business that you don't currently have?"

To my surprise - remember how I said I had an idea? He mentioned the SAME EXACT idea I had in my head.

Let's back up though - I also said I was scared to ask that question because I had no idea how to build it.

How did I solve that problem? 2 ways. I have dedicated my whole life to becoming an expert in what I want to become an expert in, and I intentionally made friends with a programmer who was also entrepreneurial-minded in college.

You know what I realized? College is one of those places where a bunch of super-talented people have nothing to do all day.

So - I partnered with him. We got a software product built for one thing that was pretty cool..

After building that project - which was kind of just a thing we did for fun but didn't really have the kind of utility we wanted..

I sent a text to the company I work for and said - "Hey - we can build you this thing - do you want it?"

Not only did they tell me they wanted it - but they told me HOW and even provided things to help me out to make it as good as possible.

So.. I took that information - drew up exactly what we wanted - sent it over to my programming friend - and now we have a functional product built that is not currently public.. It's only available for the specific company that we MADE IT FOR.

The way I'm going about it is this - I figured if we can take Paul Graham's saying "do things that don't scale" and once again overdeliver for just ONE company and make it a total godsend for the company - another will want it, then another, and then 1000.

Now - I don't want to get too optimistic - I have no f*cking idea what's going to happen. The story is to be continued...

The biggest thing I've learned the past 2 months?

When you find your thing, invest deeply. The reason I now see that I've felt anxious about the future and scatterbrained and not knowing what to do with my life was because I wasn't investing deeply in anything education-wise or execution-wise.

Even though we're just a little startup, I've never felt more meaning and purpose and passion in my life than I do right now - and failures may happen - but I do know that one of the most important things in business according to many people is that if failures are not scaling, you're doing something wrong.

To be continued.....
This is gold. Thanks for sharing!
 
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mikecarlooch

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We have a general idea of what we need to make this new company work. It’s really just tinkering right now, but we have a general idea.

The licenses we need to make this work will cost roughly $100k.

Building the initial software will also be a cost.

Our strategy is to build an MVP for the software, then pitch our idea to an investor who will help us fund the path toward getting the needed licenses.

From there we will have an unfair advantage in what we’re doing and can show investors that we have 1. A software and 2. A legal ability to do what we want to do.

The software is the easy part. The hard part is marketing & legal abilities (and getting enough money to make this happen)

From there we need to get people to use it. We’ll need many different skill sets to make this happen.

Just an idea right now? Yes. But we’ve already found a developer who is going to help us build our minimum viable product.
 

Black_Dragon43

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We have a general idea of what we need to make this new company work. It’s really just tinkering right now, but we have a general idea.

The licenses we need to make this work will cost roughly $100k.

Building the initial software will also be a cost.

Our strategy is to build an MVP for the software, then pitch our idea to an investor who will help us fund the path toward getting the needed licenses.

From there we will have an unfair advantage in what we’re doing and can show investors that we have 1. A software and 2. A legal ability to do what we want to do.

The software is the easy part. The hard part is marketing & legal abilities (and getting enough money to make this happen)

From there we need to get people to use it. We’ll need many different skill sets to make this happen.

Just an idea right now? Yes. But we’ve already found a developer who is going to help us build our minimum viable product.
It’s a long shot brother, I’m going to be honest with you, but I admire you for taking it on and hope you succeed!

Personally I always prefer opportunities where you don’t ask for cash from someone else (ie without investors). If someone gives you money, they own you. To a certain extent, it’s not your business anymore. You lose your freedom.
 
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mikecarlooch

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It’s a long shot brother, I’m going to be honest with you, but I admire you for taking it on and hope you succeed!

Personally I always prefer opportunities where you don’t ask for cash from someone else (ie without investors). If someone gives you money, they own you. To a certain extent, it’s not your business anymore. You lose your freedom.
I either succeed or learn..

As long as it's looked at from that angle, I can't lose.

I've always wanted to give a go at a hypergrowth startup.

If it is truly a horrible and impossible thing, atleast I got it out of my system.

I read in "The Unfair Advantage" something along the lines of this - "kill yourself building a hypergrowth startup or build a $3m / year business with good profits & live happily ever after"

Honestly just can't see myself living life without trying to give a super good shot at a company like this atleast once, lol.

And I'm assuming business is the same way as weightlifting in some sense - 225 lbs feels much lighter after the previous weight you did was 405 lbs. In this case the hypergrowth attempt allows for a smaller success to feel like lighter work.

Plus more insights and skills will be uncovered in the journey that can be used in future.
 
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Joel.U

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This is an increadible thread, highly inspiring and very honest. I really admire your determination and progress and hard decisions you've made Mike. I will definitely be subscribing to this thread and follow your journey :star:
 

machinistguy

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I read in "The Unfair Advantage" something along the lines of this - "kill yourself building a hypergrowth startup or build a $3m / year business with good profits & live happily ever after"

Honestly just can't see myself living life without trying to give a super good shot at a company like this atleast once, lol.
Mike, why do you want to go fastlane? Do you want financial freedom? To get girls and party with all the money and freetime you have? Status? A purpose? I ask because your posts read like you think you'll never be "someone" unless you have a cool tech startup with VC's fighting to jerk you off.

Do you know how ridiculous "kill yourself building a hypergrowth startup or build a $3m / year business with good profits & live happily ever after" sounds? You probably could have been at $3m/yr with your video business by now if you didn't quit that to chase a sexy "hypergrowth startup".

Idk what this new opportunity is, but make sure it's a good business not just a sexy business and you're thinking clearly. Keep us posted and good luck!
 

mikecarlooch

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Mike, why do you want to go fastlane? Do you want financial freedom? To get girls and party with all the money and freetime you have? Status? A purpose? I ask because your posts read like you think you'll never be "someone" unless you have a cool tech startup with VC's fighting to jerk you off.

Do you know how ridiculous "kill yourself building a hypergrowth startup or build a $3m / year business with good profits & live happily ever after" sounds? You probably could have been at $3m/yr with your video business by now if you didn't quit that to chase a sexy "hypergrowth startup".

Idk what this new opportunity is, but make sure it's a good business not just a sexy business and you're thinking clearly. Keep us posted and good luck!
Good point, I should've not phrased it as a hypergrowth startup

It's more just a company with much higher entry barriers, in terms of knowledge and resources needed
 
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mikecarlooch

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Mike, why do you want to go fastlane? Do you want financial freedom? To get girls and party with all the money and freetime you have? Status? A purpose? I ask because your posts read like you think you'll never be "someone" unless you have a cool tech startup with VC's fighting to jerk you off.

Do you know how ridiculous "kill yourself building a hypergrowth startup or build a $3m / year business with good profits & live happily ever after" sounds? You probably could have been at $3m/yr with your video business by now if you didn't quit that to chase a sexy "hypergrowth startup".

Idk what this new opportunity is, but make sure it's a good business not just a sexy business and you're thinking clearly. Keep us posted and good luck!
I should also mention, yes. Freedom is the goal of course.

But what I am desperately trying to escape is being a "me-too" business.

I want to be in a business that is terribly difficult to enter, somewhat boring & scares most people away.

In other words, I hate competition. This business is a few competitors as opposed to thousands.
 

mikecarlooch

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I'm not going to lie, it's one of those times right now where I feel a little helpless, depressed, unsure of what direction to move in.

For the next month we don't really have a way to push our product out unless we come up with some way (we spent $5k to get what we need built, and it's going to take a month).

The truth is, we may lose clients and need to start over.

We thought ads would cut it, but unfortunately it won't.

I know it's part of the process, but wow. This has been a massive series of highs and lows. Getting calls from clients asking what's going on and needing to tell them the situation is not fun.

Anyone else feel this way? Just things you start doing more of when you're not aiming in the direction you want to..

for me it's too much reading. In order to cope with the fact that I have no idea what to do I turn to books to waste time, or the gym, or this forum (lol)

Or spending time strategizing shiny ideas of doing something else that seems more attractive.

This thread is about being honest on my journey, and right now it's not so good!!
We actually managed to find a way around it, no cost to us. It actually automates the business a lot more than we were doing it.

It is not empirical yet. But sometimes the biggest breakthroughs are right in front of your face.

Regardless, it's not a long term company. But it can in fact become a 6-7 figure company and earn a good living.

ANYWAYS, In regards to our new (bigger) project...

With some advice from @Antifragile , carefully studying books on real estate, internet search rabbitholes, and chatting with another expert (partner), we will be moving forward.

We had a meeting today to get clear on exactly what our app is going to do, the functionalities, design, and layout.

I have meetings lined up with 3 developers for tomorrow and will be choosing one of them to begin building for us.

While the developer is in the process of that, we're going to be hiring a securities attorney to tell us what we can and can't do. and what we need to do in order to do what we want to do. For what we're doing, we're likely going to have to register under Regulation A (t1) to make it work, and probably some other things.

I'd also like to share something from @Antifragile that he said in DM's that really struck a chord with me. If you're someone who feels bad for failing, just read this:

Are you saying the skills that you pick up along the way..

Even though I haven't necessarily picked up riches in terms of money, I have picked up the ability to create wealth?

AF: Correct. You have created something, even if it yielded no $ gains, next time you can re-create something similar at 10x speed and efficiency. YOU have grown, YOU are 10x better, YOU are now firmly an entrepreneur because you cracked that "virginity" of never having done anything.
 

mikecarlooch

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Getting Vulnerable... & $180M Entrepreneur Calls Out My Idea & Helps Set Me On The Right Path.. & A Weird Mindset Hack That's Been Helpful

You know what quote is extremely true?

"An object in motion stays in motion"

I think the same is true for entrepreneurs.

"An entrepreneur in motion.. stays in motion"

-

I've recently realized that things like social media addiction, eating too much, wasting time - these activities are the children of misdirection.

When we have no direction, everything just feels so.. bland, depressing, neutral.

The problem with being an entrepreneur is that we are bound to experience these times of misdirection often.

When we fail a business, we don't know where to go next, until we do.

When in a phase of misdirection, we start scrambling around asking everybody in our path if idea after idea sounds like a good idea, and we lose hope in that idea quickly.

I've begun to realize the reality - entrepreneurship, while the rewards are large, we need to have a purpose for doing it beyond money. Sometimes, it's just very cutthroat.

The reason I'm writing about this is because I'm there right now.

I find myself in these feelings of misdirection once in a while, and I've actually developed a little "mind hack" which is what I like to call a "checkpoint"

Similar to a game, whenever I'm in a phase of misdirection, I say to myself "checkpoint"

What this means is that the low will motivate the upcoming high. And also that this low is higher than your last low, and that the next low will be higher than your last one.

Even if you feel as low as you did in any other low, you're still at a higher low than the low you had a year ago.

-

I met today with someone who was very generous to meet with me.

The fellow is the co-founder of a cryptocurrency mining company valued around $180 million currently.

Since I'm in my "checkpoint", I naturally seek out ways to go from misdirection into full-fledge purposeful direction again.

So, I reached out to him and asked if he'd meet with me (someone in my family knows him)

I wanted to ask him about the crazy idea I was about to pursue, and maybe get a hint of direction with a bit of caution mixed in there.

We met at a gym and walked in the back to a tiny room where he sat down and talked to me for an hour..

He asked me about my failed project, and also about the new project I was planning.

When I told him, he said the unexpected:

"You're not going to need $1 million in funding, you're going to need $15 million."

"On top of that, you're going to need to attract hundreds of thousands (or millions) of users on one end, and thousands of users on the other end of the spectrum to make this work. On top of that, the business model will be extremely difficult to break even on the funding you received"

In essence: it's stupid. Don't do it


I was actually quite relieved by what I heard, because to be honest..

This new idea had me feeling like a nervous wreck, having such an arduous project to complete.

He said..

"First of all, what is the fastest way that you can take this concept and make put a deal together in a way that does not involve building a company with $15 million in funding?"

"Second of all, the two most important things for you to be doing right now:

Learning, and Meeting People"


I then asked..

"Ok learning, what do you mean by learning?"

his response

"Doing, and reading."

"If you're going to be out there pitching deals, you need to know what you're talking about, and you need to be an expert in the eyes of the person you're pitching for the deal. However, you don't need to know EVERYTHING. You just need to know more than your audience knows. When I started raising money for my crypto company, I knew nothing. But since I knew 10% more than the people I was pitching, I still raised the money."


He then said something counterintuitive, that really struck a chord.

"Why are you trying to reinvent the wheel in real estate? Nobody is going to find a new way to build a building.."

"My company is worth $180 million, and guess what - my company is not different than others. Maybe differentiation matters for building a product, or SaaS, but for bitcoin mining operations or real estate, it really doesn't. The people that win in these industries are the ones who are able to build a reputation, play the rules the right way, and implement scale."

"When people ask me what is different about my company, I say there's 1,000 small things that are different, but other companies also have 1,000 small things that are different since no company is the same. But we don't have some kind of super secret sauce that makes us better than anyone else. That stuff is all bells and whistles"


Oh...

Why am I trying so hard to reinvent the wheel?

You can scale anything if you're good.

"Just take what you're wanting to do, and instead of making it for everyone (we wanted to make it a platform for non-accredited investors to invest), play with the big boys, and make sh*t happen. You don't need a fancy app. My company website looks like it was made with webflow (it was) in 1 hour. You would never think we are a $180 million company. But no one necessarily cares, because we're just out there in the real world making things happen, and scaling it with software and employees"

I then asked him

"I think I know what you're going to say, but that requires a ton of experience & deep pockets"

he said

"Yes, you partner with someone who has the experience"

This part was actually really impactful to me.

I think a lot of us young people underestimate the power behind apprenticeship, mentorship, and partnership with someone who is way better & more experienced than you are.

You can think of having an experienced partner or a mentor as hopping on their "slipstream".

By being onboard with them, you are essentially hacking time, bypassing years of mistakes that you would otherwise make.

If you don't have an in-person mentor who is truly invested in your success, it's almost an absolute necessity, otherwise you'll be tinkering like you're supposed to but it may or may not take 10X longer for you to find something significant.

I've noticed books are not really enough. Having an in-person mentor invested in your success is like reading a book, on steroids.

Then I had the realization..

You can go fastlane in an old industry like real estate young..

As long as you hop onboard other people's slipstreams, and with that newfound credibility under those people, leverage other people's money.

And you don't necessarily need to reinvent the wheel, all you need to do is pick the right system.

I've met real estate agents that work for themselves (and are super stressed)

I've met real estate agents that have 150 agents under them (and don't work much).

New concept? No. Good marketing, great reputation, and the right system? Yes.

Now I am just speculating here. As I said in the beginning of this post I've been in a misdirected state for a little while.

But the conversation with this entrepreneur helped me and set me on a new direction, that is much more practical and isn't focusing on hypergrowth.

I hope this also helped someone else reading this.
 
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MJ DeMarco

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Getting Vulnerable... & $180M Entrepreneur Calls Out My Idea & Helps Set Me On The Right Path.. & A Weird Mindset Hack That's Been Helpful

You know what quote is extremely true?

"An object in motion stays in motion"

I think the same is true for entrepreneurs.

"An entrepreneur in motion.. stays in motion"

-

I've recently realized that things like social media addiction, eating too much, wasting time - these activities are the children of misdirection.

When we have no direction, everything just feels so.. bland, depressing, neutral.

The problem with being an entrepreneur is that we are bound to experience these times of misdirection often.

When we fail a business, we don't know where to go next, until we do.

When in a phase of misdirection, we start scrambling around asking everybody in our path if idea after idea sounds like a good idea, and we lose hope in that idea quickly.

I've begun to realize the reality - entrepreneurship, while the rewards are large, we need to have a purpose for doing it beyond money. Sometimes, it's just very cutthroat.

The reason I'm writing about this is because I'm there right now.

I find myself in these feelings of misdirection once in a while, and I've actually developed a little "mind hack" which is what I like to call a "checkpoint"

Similar to a game, whenever I'm in a phase of misdirection, I say to myself "checkpoint"

What this means is that the low will motivate the upcoming high. And also that this low is higher than your last low, and that the next low will be higher than your last one.

Even if you feel as low as you did in any other low, you're still at a higher low than the low you had a year ago.

-

I met today with someone who was very generous to meet with me.

The fellow is the co-founder of a cryptocurrency mining company valued around $180 million currently.

Since I'm in my "checkpoint", I naturally seek out ways to go from misdirection into full-fledge purposeful direction again.

So, I reached out to him and asked if he'd meet with me (someone in my family knows him)

I wanted to ask him about the crazy idea I was about to pursue, and maybe get a hint of direction with a bit of caution mixed in there.

We met at a gym and walked in the back to a tiny room where he sat down and talked to me for an hour..

He asked me about my failed project, and also about the new project I was planning.

When I told him, he said the unexpected:

"You're not going to need $1 million in funding, you're going to need $15 million."

"On top of that, you're going to need to attract hundreds of thousands (or millions) of users on one end, and thousands of users on the other end of the spectrum to make this work. On top of that, the business model will be extremely difficult to break even on the funding you received"

In essence: it's stupid. Don't do it


I was actually quite relieved by what I heard, because to be honest..

This new idea had me feeling like a nervous wreck, having such an arduous project to complete.

He said..

"First of all, what is the fastest way that you can take this concept and make put a deal together in a way that does not involve building a company with $15 million in funding?"

"Second of all, the two most important things for you to be doing right now:

Learning, and Meeting People"


I then asked..

"Ok learning, what do you mean by learning?"

his response

"Doing, and reading."

"If you're going to be out there pitching deals, you need to know what you're talking about, and you need to be an expert in the eyes of the person you're pitching for the deal. However, you don't need to know EVERYTHING. You just need to know more than your audience knows. When I started raising money for my crypto company, I knew nothing. But since I knew 10% more than the people I was pitching, I still raised the money."


He then said something counterintuitive, that really struck a chord.

"Why are you trying to reinvent the wheel in real estate? Nobody is going to find a new way to build a building.."

"My company is worth $180 million, and guess what - my company is not different than others. Maybe differentiation matters for building a product, or SaaS, but for bitcoin mining operations or real estate, it really doesn't. The people that win in these industries are the ones who are able to build a reputation, play the rules the right way, and implement scale."

"When people ask me what is different about my company, I say there's 1,000 small things that are different, but other companies also have 1,000 small things that are different since no company is the same. But we don't have some kind of super secret sauce that makes us better than anyone else. That stuff is all bells and whistles"


Oh...

Why am I trying so hard to reinvent the wheel?

You can scale anything if you're good.

"Just take what you're wanting to do, and instead of making it for everyone (we wanted to make it a platform for non-accredited investors to invest), play with the big boys, and make sh*t happen. You don't need a fancy app. My company website looks like it was made with webflow (it was) in 1 hour. You would never think we are a $180 million company. But no one necessarily cares, because we're just out there in the real world making things happen, and scaling it with software and employees"

I then asked him

"I think I know what you're going to say, but that requires a ton of experience & deep pockets"

he said

"Yes, you partner with someone who has the experience"

This part was actually really impactful to me.

I think a lot of us young people underestimate the power behind apprenticeship, mentorship, and partnership with someone who is way better & more experienced than you are.

You can think of having an experienced partner or a mentor as hopping on their "slipstream".

By being onboard with them, you are essentially hacking time, bypassing years of mistakes that you would otherwise make.

If you don't have an in-person mentor who is truly invested in your success, it's almost an absolute necessity, otherwise you'll be tinkering like you're supposed to but it may or may not take 10X longer for you to find something significant.

I've noticed books are not really enough. Having an in-person mentor invested in your success is like reading a book, on steroids.

Then I had the realization..

You can go fastlane in an old industry like real estate young..

As long as you hop onboard other people's slipstreams, and with that newfound credibility under those people, leverage other people's money.

And you don't necessarily need to reinvent the wheel, all you need to do is pick the right system.

I've met real estate agents that work for themselves (and are super stressed)

I've met real estate agents that have 150 agents under them (and don't work much).

New concept? No. Good marketing, great reputation, and the right system? Yes.

Now I am just speculating here. As I said in the beginning of this post I've been in a misdirected state for a little while.

But the conversation with this entrepreneur helped me and set me on a new direction, that is much more practical and isn't focusing on hypergrowth.

I hope this also helped someone else reading this.


Wow, thanks for sharing!

"On top of that, you're going to need to attract hundreds of thousands (or millions) of users on one end, and thousands of users on the other end of the spectrum to make this work. On top of that, the business model will be extremely difficult to break even on the funding you received"

If you had told me you were starting a two-sided marketplace I would have also steered you away.

It's like flying to the moon, landing, and then erecting an amusement park on the surface.

Flying and landing is hard enough, but wait until you start trying to build that park!
 

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Getting Vulnerable... & $180M Entrepreneur Calls Out My Idea & Helps Set Me On The Right Path.. & A Weird Mindset Hack That's Been Helpful

You know what quote is extremely true?

"An object in motion stays in motion"

I think the same is true for entrepreneurs.

"An entrepreneur in motion.. stays in motion"

-

I've recently realized that things like social media addiction, eating too much, wasting time - these activities are the children of misdirection.

When we have no direction, everything just feels so.. bland, depressing, neutral.

The problem with being an entrepreneur is that we are bound to experience these times of misdirection often.

When we fail a business, we don't know where to go next, until we do.

When in a phase of misdirection, we start scrambling around asking everybody in our path if idea after idea sounds like a good idea, and we lose hope in that idea quickly.

I've begun to realize the reality - entrepreneurship, while the rewards are large, we need to have a purpose for doing it beyond money. Sometimes, it's just very cutthroat.

The reason I'm writing about this is because I'm there right now.

I find myself in these feelings of misdirection once in a while, and I've actually developed a little "mind hack" which is what I like to call a "checkpoint"

Similar to a game, whenever I'm in a phase of misdirection, I say to myself "checkpoint"

What this means is that the low will motivate the upcoming high. And also that this low is higher than your last low, and that the next low will be higher than your last one.

Even if you feel as low as you did in any other low, you're still at a higher low than the low you had a year ago.

-

I met today with someone who was very generous to meet with me.

The fellow is the co-founder of a cryptocurrency mining company valued around $180 million currently.

Since I'm in my "checkpoint", I naturally seek out ways to go from misdirection into full-fledge purposeful direction again.

So, I reached out to him and asked if he'd meet with me (someone in my family knows him)

I wanted to ask him about the crazy idea I was about to pursue, and maybe get a hint of direction with a bit of caution mixed in there.

We met at a gym and walked in the back to a tiny room where he sat down and talked to me for an hour..

He asked me about my failed project, and also about the new project I was planning.

When I told him, he said the unexpected:

"You're not going to need $1 million in funding, you're going to need $15 million."

"On top of that, you're going to need to attract hundreds of thousands (or millions) of users on one end, and thousands of users on the other end of the spectrum to make this work. On top of that, the business model will be extremely difficult to break even on the funding you received"

In essence: it's stupid. Don't do it


I was actually quite relieved by what I heard, because to be honest..

This new idea had me feeling like a nervous wreck, having such an arduous project to complete.

He said..

"First of all, what is the fastest way that you can take this concept and make put a deal together in a way that does not involve building a company with $15 million in funding?"

"Second of all, the two most important things for you to be doing right now:

Learning, and Meeting People"


I then asked..

"Ok learning, what do you mean by learning?"

his response

"Doing, and reading."

"If you're going to be out there pitching deals, you need to know what you're talking about, and you need to be an expert in the eyes of the person you're pitching for the deal. However, you don't need to know EVERYTHING. You just need to know more than your audience knows. When I started raising money for my crypto company, I knew nothing. But since I knew 10% more than the people I was pitching, I still raised the money."


He then said something counterintuitive, that really struck a chord.

"Why are you trying to reinvent the wheel in real estate? Nobody is going to find a new way to build a building.."

"My company is worth $180 million, and guess what - my company is not different than others. Maybe differentiation matters for building a product, or SaaS, but for bitcoin mining operations or real estate, it really doesn't. The people that win in these industries are the ones who are able to build a reputation, play the rules the right way, and implement scale."

"When people ask me what is different about my company, I say there's 1,000 small things that are different, but other companies also have 1,000 small things that are different since no company is the same. But we don't have some kind of super secret sauce that makes us better than anyone else. That stuff is all bells and whistles"


Oh...

Why am I trying so hard to reinvent the wheel?

You can scale anything if you're good.

"Just take what you're wanting to do, and instead of making it for everyone (we wanted to make it a platform for non-accredited investors to invest), play with the big boys, and make sh*t happen. You don't need a fancy app. My company website looks like it was made with webflow (it was) in 1 hour. You would never think we are a $180 million company. But no one necessarily cares, because we're just out there in the real world making things happen, and scaling it with software and employees"

I then asked him

"I think I know what you're going to say, but that requires a ton of experience & deep pockets"

he said

"Yes, you partner with someone who has the experience"

This part was actually really impactful to me.

I think a lot of us young people underestimate the power behind apprenticeship, mentorship, and partnership with someone who is way better & more experienced than you are.

You can think of having an experienced partner or a mentor as hopping on their "slipstream".

By being onboard with them, you are essentially hacking time, bypassing years of mistakes that you would otherwise make.

If you don't have an in-person mentor who is truly invested in your success, it's almost an absolute necessity, otherwise you'll be tinkering like you're supposed to but it may or may not take 10X longer for you to find something significant.

I've noticed books are not really enough. Having an in-person mentor invested in your success is like reading a book, on steroids.

Then I had the realization..

You can go fastlane in an old industry like real estate young..

As long as you hop onboard other people's slipstreams, and with that newfound credibility under those people, leverage other people's money.

And you don't necessarily need to reinvent the wheel, all you need to do is pick the right system.

I've met real estate agents that work for themselves (and are super stressed)

I've met real estate agents that have 150 agents under them (and don't work much).

New concept? No. Good marketing, great reputation, and the right system? Yes.

Now I am just speculating here. As I said in the beginning of this post I've been in a misdirected state for a little while.

But the conversation with this entrepreneur helped me and set me on a new direction, that is much more practical and isn't focusing on hypergrowth.

I hope this also helped someone else reading this.
Depends on your personality and inner drive.

You need to find out who you are. There are different types of business people and entrepreneurs.

I recommend you to do the wealth dynamic personality test. I am not in anyway affiliated to the test provider. I did once during an interview for free which the hiring manager probably pirated the set of questions somewhere.

I took the test ten years ago. It took me ten years to realize that the test is not nonsense.
 
Last edited:

mikecarlooch

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IMG_3585.jpegNot fastlane or anything, but I do real estate wholesaling on side. Sometimes we get deals that close in a big lump sum, today was one of those days .

I just take 70% of this money, put it in a fidelity account, then use the rest for biz and life
 
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I just take 70% of this money, put it in a fidelity account, then use the rest for biz and life

Congrats, but you forgot about the 40% for the tax man.

Want to know what's worse than getting a phone call from your accountant saying you owe six-figures? Not having the six-figures. Had the former happen, but thankfully, not the latter.
 

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Congrats, but you forgot about the 40% for the tax man.

Want to know what's worse than getting a phone call from your accountant saying you owe six-figures? Not having the six-figures. Had the former happen, but thankfully, not the latter.
Yes I made the fidelity account after reading Unscripted , it’s specifically for liquid Net worth and taxes.

Should I have them in two pots? I won’t be touching the 70% that was put away in fidelity until taxes
 

mikecarlooch

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Starting Up Again..

We are almost in business (a new one) again, and hired a simple developer who is creating a basic MVP that will allow us to provide the initial solution to those that we are looking to serve.. Then we will push it to the market and see what happens!

A Mindset Shift..

I have decided from here on out to stop taking advice.

I have come to believe that beyond the basics (fundamentals) of any industry or discipline, that advice is destructive to innovation and action, whether from books or from others, even those more successful.

Understand the fundamentals, then invent, don't copy. It seems like THAT is how real expertise is built.

As young entrepreneurs, we need to TRUST ourselves more. Our OWN judgement.

It's helpful to think from first principles. Function over form. Human needs are written in stone. The process to getting people those things in a new, frictionless way are not.

Example: We have a lamp not because we want a lamp. We have a lamp because it gives us light. If someone gives us a better way than a lamp to give us light, and the lamp is not needed, then we do not need a lamp anymore.

Change the process, not the problem..

Anyhow,

Most of history was created by young people!

We tend to see ourselves as stupid because we don't know anything. But our stupidity could lead to a serendipitous (positive) sequence of events that no one else could've given us advice on.

Taking advice might be the worst thing we ever do to ourselves.
 
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Black_Dragon43

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I have decided from here on out to stop taking advice.

I have come to believe that beyond the basics (fundamentals) of any industry or discipline, that advice is destructive to innovation and action, whether from books or from others, even those more successful.
This is GOLD — how did you come to this perspective?

Here’s a great piece on this from Arthur Schopenhauer:

When we read, someone else thinks for us; we repeat merely his mental process. It is like the pupil who, when learning to write, goes over with his pen the strokes made in pencil by the teacher. Accordingly, when we read, the work of thinking is for the most part taken away from us.



Hence the noticeable relief when from preoccupation with our thoughts we pass to reading. But while we are reading our mind is really only the playground of other people’s ideas; and when these finally depart, what remains?



The result is that, whoever reads very much and almost the entire day but at intervals amuses himself with thoughtless pastime, gradually loses the ability to think for himself; just as a man who always rides ultimately forgets how to walk. But such is the case with very many scholars; they have read themselves stupid. For constant reading, which is at once resumed at every free moment, is even more paralysing to the mind than is manual work; for with the latter we can give free play to our own thoughts.



Just as a spring finally loses its elasticity through the constant pressure of a foreign body, so does the mind through the continual pressure of other people’s ideas. Just as we upset the stomach by too much food and thereby do harm to the whole body, so can we cram and strangle the mind by too much mental pabulum. For the more we read, the fewer the traces that are left behind in the mind by what has been read. It becomes like a blackboard whereon many things have been written over one another. Hence we never come to ruminate; but only through this do we assimilate what we have read, just as food nourishes us not by being eaten but by being digested.



On the other hand, if we are forever reading without afterwards thinking further about what we have read, this does not take root and for the most part is lost. Generally speaking, it is much the same with mental nourishment as with bodily; scarcely a fiftieth part of what is taken is assimilated; the rest passes off through evaporation, respiration, or otherwise.



In addition to all this, is the fact that thoughts reduced to paper are generally nothing more than the footprints of a man walking in the sand. It is true that we see the path he has taken; but to know what he saw on the way, we must use our own eyes…
 

mikecarlooch

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This is GOLD — how did you come to this perspective?
Contradictions.

One person says one thing another (equally as successful person) says another.

It was driving me nuts.
Here’s a great piece on this from Arthur Schopenhauer:

You know what's funny?

I caught myself as soon as I came to this realization:

I started looking for blog articles and books about how to think for myself.

Crazy, right? I had to stop myself forcibly.

I vowed to stop taking advice and then went looking for advice on how to stop taking advice.

Yea, that's a problem that needs fixing.
 

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Contradictions.

One person says one thing another (equally as successful person) says another.

It was driving me nuts.


You know what's funny?

I caught myself as soon as I came to this realization:

I started looking for blog articles and books about how to think for myself.

Crazy, right? I had to stop myself forcibly.

I vowed to stop taking advice and then went looking for advice on how to stop taking advice.

Yea, that's a problem that needs fixing.
I literally just posted a thread for advice
This will be my last advice
Imma do it my own way

See through my own eyes

Btw did u find advice for not taking advice
 
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Btw did u find advice for not taking advice
First principles

Breaking something down to what we absolutely know is true and then making our own decisions from there.

Ex: Airplane is a flying car. But people think a flying car needs to look like a car, so they don't think flying cars exist yet. Point A to point B is the goal. How that happens is malleable and only limited by your creativity.
 

Black_Dragon43

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You know what's funny?

I caught myself as soon as I came to this realization:

I started looking for blog articles and books about how to think for myself.

Crazy, right? I had to stop myself forcibly.

I vowed to stop taking advice and then went looking for advice on how to stop taking advice.

Yea, that's a problem that needs fixing.
It's funny how that works isn't it?

I often find myself getting trapped when I listen to a lot of advice, or when I do a lot of reading. Just as you said, you get massively contradictory advice, and then don't know what to do anymore.

And the next step is always, just as you said, the pinnacle of irony, researching for books and articles about how to think for yourself haha. Personally, I haven't found any good resources on that end – seems like you just do it. I'm sure a lot of people have this problem.

Actually, I imagine that regardless of how big you are (unless you're number 1 on Forbes), you'll always be tempted to feel that you don't know enough, or question if you're on the right path or not since you know there are people ahead of you in the game. If you're at $1M, you feel like nothing compared to the guys at $10M, $50M, $100M, $500M and so on.

I have found this self-questioning to actually be extremely destructive to progress. I'm not sure where it's coming from... is it low self-esteem, too much desire for bigger success, not knowing how to think? For me, it usually means undertaking several different, and often contradictory initiatives, and then being unable to focus or prioritize accordingly. As a result, the progress of the business ends up being more accidental than designed.

In your case, it seems you feel it's more of "not knowing how to think for yourself". In my case I feel it's more emotional, something like "low self-esteem" sounds more along the right lines. I've always been weak in terms of self-belief, even though I'm a big action taker generally.

(the other interesting thing is that I'm very good at advising people, and my advice most of the time makes a tremendous difference for them, but I can't apply the same to myself – I find it much harder to self-advise. Getting that distance from yourself is hard, but at the same time searching for that in other people is often dangerous).
 

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to what we absolutely know is true

Unfortunately a lot of what you think is "absolutely true" is not.

As Mark Twain has never said and is often misquoted to have said...

1716308140278.png
 
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First principles

Breaking something down to what we absolutely know is true and then making our own decisions from there.

Ex: Airplane is a flying car. But people think a flying car needs to look like a car, so they don't think flying cars exist yet. Point A to point B is the goal. How that happens is malleable and only limited by your creativity.
First principles are popularized by Elon Musk.

I find it pretty useful if you can adapt to your own field. Stop thinking in terms of analogies, stories and narratives but stick to the most basic logically self evident truth, and walk your way up.

One popular question got asked a lot here is whether he or she should drop out of school to go fastlane.

Instead of saying I need to drop out of school to do my business, instead say business requires attention and I need to make sure I have sufficient off curriculum hours.

I can achieve this by the following (not mutually exclusive ways)
1) Finding a course that is not workload heavy
2) Enhance my study skills to finish my work efficiently
3) Find a degree that overlaps with entrepreneurship, where you can start your hustle and they count as modules

Basically don’t jump into conclusion too soon.

Analogies are just conventional truth. They are most often right than wrong. But if you can prove it wrong, this is where the massive gains will arrive.
 

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I often find myself getting trapped when I listen to a lot of advice, or when I do a lot of reading. Just as you said, you get massively contradictory advice, and then don't know what to do anymore.
Exactly.

Can I get real vulnerable here?

I think people like us got lucky (I'll speak for myself)

Instead of drugs, alcohol, weed, all of the bad stuff, my "coping mechanism" is books.

I use them as a way to get into a flow state and feel good again when feeling entrepreneurial depression from various things.

It's a double edged sword though, because the flow state does come, but no progress actually happened.
 

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Exactly.

Can I get real vulnerable here?

I think people like us got lucky (I'll speak for myself)

Instead of drugs, alcohol, weed, all of the bad stuff, my "coping mechanism" is books.

I use them as a way to get into a flow state and feel good again when feeling entrepreneurial depression from various things.

It's a double edged sword though, because the flow state does come, but no progress actually happened.
I agree, I’ve always had a similar thing. Whenever I don’t know what to do, my first tendency is always to look for more information — this can be books, podcasts, and so on.

It’s never “stopped” me from taking action. But it has many times slowed down action or taken me down paths that proved to be dead ends. Last year for example I saw the designjoy guy take payments on his website without any calls. I thought “wow, wouldn’t it be cool to close clients without calls” — restructured the website and everything, and then it turned to be a big failure. Almost nobody bought without a call. I went from our best month ever (24 new clients) to acquiring like 4 clients the next month LOL.

Sometimes it has also been extremely positive. Most recently it was a conversation I had privately with @Richard Peck which changed the way I think about growing the business and building equity.

Since I’ve been doing this for 12+ years though… I’ve come across most ideas already. I’ve read over 2K books, most of what I read nowadays is a repeat of what I’ve heard before in one form or another.

It’s relatively rare to come across a new, exciting idea, therefore it’s getting harder to “get my fix” as you say.

But it’s not just getting your fix, for me at least, it seems like this frantic search for a magic answer that can change everything. And the worst part is that sometimes you DO get that answer. For example, two years ago when I decided to move away from consulting to a done for you service after a long chat with a copywriter I’ve worked with for a long time, and offer it at a much cheaper price… that was key to HUGE explosive growth. I remember the first time I started promoting that, I got 9 clients signed up the first month LOL. And the year before, it’s like I had 12 clients IN TOTAL as a consultant LOL. Think about that…

So everyone who says there are no magic answers is imo wrong. There ARE magic answers, but just like gambling it’s very dangerous because you can spend your entire life looking for the magic answer and never find it.

The most successful businesses I know of have had a smooth ride. It doesn’t mean they don’t have difficulties and problems, but they are almost never stuck. That’s when you know you truly have a successful business. Other businesses may have that smooth ride but up to a point — then it becomes exponentially harder to scale even more.

The smooth ride ensures that you’re never in doubt. I know two guys who started a local eCommerce business in the eyeware niche. Every year for the past 9 years they have doubled revenues. They’re now at $13M. They have also expanded into physical stores. Yes, they’ve had problems, but it was always a smooth ride, they knew exactly what to do next.
 
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Getting Vulnerable... & $180M Entrepreneur Calls Out My Idea & Helps Set Me On The Right Path.. & A Weird Mindset Hack That's Been Helpful

You know what quote is extremely true?

"An object in motion stays in motion"

I think the same is true for entrepreneurs.

"An entrepreneur in motion.. stays in motion"

-

I've recently realized that things like social media addiction, eating too much, wasting time - these activities are the children of misdirection.

When we have no direction, everything just feels so.. bland, depressing, neutral.

The problem with being an entrepreneur is that we are bound to experience these times of misdirection often.

When we fail a business, we don't know where to go next, until we do.

When in a phase of misdirection, we start scrambling around asking everybody in our path if idea after idea sounds like a good idea, and we lose hope in that idea quickly.

I've begun to realize the reality - entrepreneurship, while the rewards are large, we need to have a purpose for doing it beyond money. Sometimes, it's just very cutthroat.

The reason I'm writing about this is because I'm there right now.

I find myself in these feelings of misdirection once in a while, and I've actually developed a little "mind hack" which is what I like to call a "checkpoint"

Similar to a game, whenever I'm in a phase of misdirection, I say to myself "checkpoint"

What this means is that the low will motivate the upcoming high. And also that this low is higher than your last low, and that the next low will be higher than your last one.

Even if you feel as low as you did in any other low, you're still at a higher low than the low you had a year ago.

-

I met today with someone who was very generous to meet with me.

The fellow is the co-founder of a cryptocurrency mining company valued around $180 million currently.

Since I'm in my "checkpoint", I naturally seek out ways to go from misdirection into full-fledge purposeful direction again.

So, I reached out to him and asked if he'd meet with me (someone in my family knows him)

I wanted to ask him about the crazy idea I was about to pursue, and maybe get a hint of direction with a bit of caution mixed in there.

We met at a gym and walked in the back to a tiny room where he sat down and talked to me for an hour..

He asked me about my failed project, and also about the new project I was planning.

When I told him, he said the unexpected:

"You're not going to need $1 million in funding, you're going to need $15 million."

"On top of that, you're going to need to attract hundreds of thousands (or millions) of users on one end, and thousands of users on the other end of the spectrum to make this work. On top of that, the business model will be extremely difficult to break even on the funding you received"

In essence: it's stupid. Don't do it


I was actually quite relieved by what I heard, because to be honest..

This new idea had me feeling like a nervous wreck, having such an arduous project to complete.

He said..

"First of all, what is the fastest way that you can take this concept and make put a deal together in a way that does not involve building a company with $15 million in funding?"

"Second of all, the two most important things for you to be doing right now:

Learning, and Meeting People"


I then asked..

"Ok learning, what do you mean by learning?"

his response

"Doing, and reading."

"If you're going to be out there pitching deals, you need to know what you're talking about, and you need to be an expert in the eyes of the person you're pitching for the deal. However, you don't need to know EVERYTHING. You just need to know more than your audience knows. When I started raising money for my crypto company, I knew nothing. But since I knew 10% more than the people I was pitching, I still raised the money."


He then said something counterintuitive, that really struck a chord.

"Why are you trying to reinvent the wheel in real estate? Nobody is going to find a new way to build a building.."

"My company is worth $180 million, and guess what - my company is not different than others. Maybe differentiation matters for building a product, or SaaS, but for bitcoin mining operations or real estate, it really doesn't. The people that win in these industries are the ones who are able to build a reputation, play the rules the right way, and implement scale."

"When people ask me what is different about my company, I say there's 1,000 small things that are different, but other companies also have 1,000 small things that are different since no company is the same. But we don't have some kind of super secret sauce that makes us better than anyone else. That stuff is all bells and whistles"


Oh...

Why am I trying so hard to reinvent the wheel?

You can scale anything if you're good.

"Just take what you're wanting to do, and instead of making it for everyone (we wanted to make it a platform for non-accredited investors to invest), play with the big boys, and make sh*t happen. You don't need a fancy app. My company website looks like it was made with webflow (it was) in 1 hour. You would never think we are a $180 million company. But no one necessarily cares, because we're just out there in the real world making things happen, and scaling it with software and employees"

I then asked him

"I think I know what you're going to say, but that requires a ton of experience & deep pockets"

he said

"Yes, you partner with someone who has the experience"

This part was actually really impactful to me.

I think a lot of us young people underestimate the power behind apprenticeship, mentorship, and partnership with someone who is way better & more experienced than you are.

You can think of having an experienced partner or a mentor as hopping on their "slipstream".

By being onboard with them, you are essentially hacking time, bypassing years of mistakes that you would otherwise make.

If you don't have an in-person mentor who is truly invested in your success, it's almost an absolute necessity, otherwise you'll be tinkering like you're supposed to but it may or may not take 10X longer for you to find something significant.

I've noticed books are not really enough. Having an in-person mentor invested in your success is like reading a book, on steroids.

Then I had the realization..

You can go fastlane in an old industry like real estate young..

As long as you hop onboard other people's slipstreams, and with that newfound credibility under those people, leverage other people's money.

And you don't necessarily need to reinvent the wheel, all you need to do is pick the right system.

I've met real estate agents that work for themselves (and are super stressed)

I've met real estate agents that have 150 agents under them (and don't work much).

New concept? No. Good marketing, great reputation, and the right system? Yes.

Now I am just speculating here. As I said in the beginning of this post I've been in a misdirected state for a little while.

But the conversation with this entrepreneur helped me and set me on a new direction, that is much more practical and isn't focusing on hypergrowth.

I hope this also helped someone else reading this.

Hey Mike, I've been rooting for you, and in the DMs we've spent countless hours talking, didn't we? But let's cut the crap.

You've got an addiction that's holding you back from achieving your goals. It's not the fun kind of addiction, like collecting vintage comic books or binge-watching cat videos.

No, you're addicted to asking questions!

And not even good ones. You're like a squirrel on caffeine, bouncing from one topic to another, thinking you're making progress. But guess what? You're not. You're just spinning your wheels like a hamster on a wheel, going nowhere fast.

It's time to stop the madness and actually do something. You know, like putting together a real estate deal instead of just talking about it. I'm disappointed in you, Mike.

You talk a big game about being an entrepreneur in motion, but all I see is a guy stuck in neutral.

So, put on your big boy pants and get moving. No more excuses, no more 'revelations' from people you meet or self-help books or textbooks or whatever the heck you get into next. Just go out there and make something happen.

Why am I being so blunt? Because I've raised hundreds of millions for GP/LP structures and billions in debt structures without asking for help. I figured it out on my own, and that's the only way you're going to succeed too. No, I am not bragging, I am pointing out that entrepreneurship is about solving problems, figuring out what others find hard to do.

So, Mike, it's time to stop asking questions and start taking action. Go put a real estate deal together and show the world what you're made of. No more stalling, no more excuses, no more vague business ideas, plans, etc.

Just do it!
 

mikecarlooch

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Hey Mike, I've been rooting for you, and in the DMs we've spent countless hours talking, didn't we? But let's cut the crap.

You've got an addiction that's holding you back from achieving your goals. It's not the fun kind of addiction, like collecting vintage comic books or binge-watching cat videos.

No, you're addicted to asking questions!

And not even good ones. You're like a squirrel on caffeine, bouncing from one topic to another, thinking you're making progress. But guess what? You're not. You're just spinning your wheels like a hamster on a wheel, going nowhere fast.

It's time to stop the madness and actually do something. You know, like putting together a real estate deal instead of just talking about it. I'm disappointed in you, Mike.

You talk a big game about being an entrepreneur in motion, but all I see is a guy stuck in neutral.

So, put on your big boy pants and get moving. No more excuses, no more 'revelations' from people you meet or self-help books or textbooks or whatever the heck you get into next. Just go out there and make something happen.

Why am I being so blunt? Because I've raised hundreds of millions for GP/LP structures and billions in debt structures without asking for help. I figured it out on my own, and that's the only way you're going to succeed too. No, I am not bragging, I am pointing out that entrepreneurship is about solving problems, figuring out what others find hard to do.

So, Mike, it's time to stop asking questions and start taking action. Go put a real estate deal together and show the world what you're made of. No more stalling, no more excuses, no more vague business ideas, plans, etc.

Just do it!
Ouch. that hurt.
.. needed it
 

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