I wasted too much time killing business ideas before I saw them through. Perhaps by outlining the changes in my mindset I can prevent some of you from repeating my mistakes.
What I did when I was a "serial wantrepreneur":
- Spent hours brainstorming names before I had even solidified my product idea, let alone established demand.
- Got a huge emotional high when I thought of an idea, then wasted time building it out before even confirming there would be a customer base willing to pay/spend time on my idea.
- Quit at small hurdles, mope and complain that I wasn't good enough, and let the existence of competition dissuade me from pursuing the few ideas that were actually viable.
What I began to do differently:
- Rather than trying to build a wrecking ball that would blast me into a level of success that I was not even ready to face, I began focusing on small, seemingly insignificant goals and tasks.
- I started finding customers one by one rather than trying to hit it big with ads, sponsorships that were out of my budget, and viral gimmicks.
- I chose an idea that I cared about. This made getting those individual customers infinitely easier. They believed in my idea and were willing to spend their time and money on it because I was.
TL;DR: Used to spend time on useless tasks (coming up with names, marketing gimmicks, trying to make it big instantly). Now focus on small, targeted goals that lead to guaranteed results.
As a passion project, I now write a weekly motivational email for entrepreneurs (goes out every Monday morning, first thing waiting in your inbox to start the week). Would love to have you be one of our first 100 members. PS, it's 100% free : )
Check it here: Monday Motivation
Best of luck in your ventures.
What I did when I was a "serial wantrepreneur":
- Spent hours brainstorming names before I had even solidified my product idea, let alone established demand.
- Got a huge emotional high when I thought of an idea, then wasted time building it out before even confirming there would be a customer base willing to pay/spend time on my idea.
- Quit at small hurdles, mope and complain that I wasn't good enough, and let the existence of competition dissuade me from pursuing the few ideas that were actually viable.
What I began to do differently:
- Rather than trying to build a wrecking ball that would blast me into a level of success that I was not even ready to face, I began focusing on small, seemingly insignificant goals and tasks.
- I started finding customers one by one rather than trying to hit it big with ads, sponsorships that were out of my budget, and viral gimmicks.
- I chose an idea that I cared about. This made getting those individual customers infinitely easier. They believed in my idea and were willing to spend their time and money on it because I was.
TL;DR: Used to spend time on useless tasks (coming up with names, marketing gimmicks, trying to make it big instantly). Now focus on small, targeted goals that lead to guaranteed results.
As a passion project, I now write a weekly motivational email for entrepreneurs (goes out every Monday morning, first thing waiting in your inbox to start the week). Would love to have you be one of our first 100 members. PS, it's 100% free : )
Check it here: Monday Motivation
Best of luck in your ventures.
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. :-)
Last edited:
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?
