Hey guys, I am a long time entrepreneur. Originally, I caught the entrepreneur bug at around the age of 15. I tried affiliate marketing, drop shipping, eBay selling and created some really basic apps that I plastered all over google play. I was ALL action back then. If I thought it, I did it.
Life happens and I quit, but about 6 months ago I got bit again, but this time by the wantrepreneur bug. It turned out to be the best/worst thing that happened to me. Best because I ended up developing love for knowledge, growth, and looking forward to failure (for experiences). Worst because I can confidently say I don't take action anymore.
Now, I look back at these 6 months and I see how much I accomplished. Thing is, at the same time, I haven't accomplished anything. I've read tons of books, pseudo started a digital agency which I dropped the day after I got my "business cards", and got a an actual "job" with the skills I self-taught. It's been a lot of fake action. I'll spend hours researching a market to start a business to put it off and do nothing with that knowledge. I have so much information and knowledge on what to do, but very little practical experience.
My "ego" takes a serious hit when I ask questions like this. It makes me feel like everything I've been learning and going through have taught me nothing. I do understand my strengths and weaknesses better and I know I am good at creativity. I can put a good plan together, create replicable processes, and I am good at learning from experience.
Now, I want help businesses create their brand identity. To earn more experience I am planning on starting my own brand in a cognitive health company. Thing is, I am stressing over digital vs physical product. There are many more steps that come with starting a physical product company vs digital. Finding distributors, sources, logistics, and shipping. The plus on digital is the crazy possibility of growth. I think Uber & AirBNB. While I am sure it was not easy to get to where they are, they own 0 products. No hotels, no cars. I mean, shit, in some years AirBNB is valued higher than Marriott and Hilton. Digital is also my favorite landscape, being a digital marketer.
FINALLY... The question is, what drives you serial entrepreneurs to make a concrete decision?
P.S - I am not looking for a detailed answer to my question. I understand that everyone must make their own decision. My question is, when you feel indecisive, how do you combat it? What is your process of validating an idea? How do you validate it both for the market and for your own intuition? Most importantly, how did you acquire the skills to do this?
Life happens and I quit, but about 6 months ago I got bit again, but this time by the wantrepreneur bug. It turned out to be the best/worst thing that happened to me. Best because I ended up developing love for knowledge, growth, and looking forward to failure (for experiences). Worst because I can confidently say I don't take action anymore.
Now, I look back at these 6 months and I see how much I accomplished. Thing is, at the same time, I haven't accomplished anything. I've read tons of books, pseudo started a digital agency which I dropped the day after I got my "business cards", and got a an actual "job" with the skills I self-taught. It's been a lot of fake action. I'll spend hours researching a market to start a business to put it off and do nothing with that knowledge. I have so much information and knowledge on what to do, but very little practical experience.
My "ego" takes a serious hit when I ask questions like this. It makes me feel like everything I've been learning and going through have taught me nothing. I do understand my strengths and weaknesses better and I know I am good at creativity. I can put a good plan together, create replicable processes, and I am good at learning from experience.
Now, I want help businesses create their brand identity. To earn more experience I am planning on starting my own brand in a cognitive health company. Thing is, I am stressing over digital vs physical product. There are many more steps that come with starting a physical product company vs digital. Finding distributors, sources, logistics, and shipping. The plus on digital is the crazy possibility of growth. I think Uber & AirBNB. While I am sure it was not easy to get to where they are, they own 0 products. No hotels, no cars. I mean, shit, in some years AirBNB is valued higher than Marriott and Hilton. Digital is also my favorite landscape, being a digital marketer.
FINALLY... The question is, what drives you serial entrepreneurs to make a concrete decision?
P.S - I am not looking for a detailed answer to my question. I understand that everyone must make their own decision. My question is, when you feel indecisive, how do you combat it? What is your process of validating an idea? How do you validate it both for the market and for your own intuition? Most importantly, how did you acquire the skills to do this?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
