I have read Fastlane. Is reading Unscripted right afterwards action faking?

[NobodyMillionair]

I have read The Fastlane Millionaire. I was able to use the knowledge to identify problems that lend itself to a fastlane business. I borrowed 2 books from the library that will help me start to implement that idea. One on Nodejs and another on lunching products and services through social media and email marketing. I also found Unscripted from the library and borrowed it as well.

I have noticed that I am split between reading the books that will help me build my product, lunch quickly, fail fast, learn repeat, and reading Unscripted . Should I be reading unscripted or is it action faking?

I know I can do both. But when I start reading a book, I read it for the entire reading session I have booked for that day because of momentum.

 

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[DareDevil]

Why don't you find a problem and solve it, test sell it? what stops you

 

[NobodyMillionair]

That's what I'm doing at the moment.

I'm just asking if it's worth my time reading Unscripted at the same time rather than focusing 100% of my energy on solving a problem.

 

[WJK]

I have read The Fastlane Millionaire. I was able to use the knowledge to identify problems that lend itself to a fastlane business. I borrowed 2 books from the library that will help me start to implement that idea. One on Nodejs and another on lunching products and services through social media and email marketing. I also found Unscripted from the library and borrowed it as well.

I have noticed that I am split between reading the books that will help me build my product, lunch quickly, fail fast, learn repeat, and reading Unscripted . Should I be reading unscripted or is it action faking?

I know I can do both. But when I start reading a book, I read it for the entire reading session I have booked for that day because of momentum.

So far you have been reading and dreaming of starting a business. What is your experience? What are your skills? What are your interests? What do you want to do?

Building a business is a process that can take years of thoughtful, hard work. Sometimes it takes several tries to make it happen. It's not an instant recipe or based on a magic secret. Educating yourself and applying that knowledge will be a continuing issue in your journey. How do I know? I started my journey 48 years ago.

 

[DareDevil]

That's what I'm doing at the moment.

I'm just asking if it's worth my time reading Unscripted at the same time rather than focusing 100% of my energy on solving a problem.

Parroting MJ here Everything starts with a problem what problem does unscripted solve for you If it does sure go ahead

 

[NobodyMillionair]

I think this is the question I'm trying to answer for myself. I have already read The Millionaire Fastlane . What more is there in Unscripted that's not covered in Fastlane?

 

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[NobodyMillionair]

So far you have been reading and dreaming of starting a business. What is your experience? What are your skills? What are your interests? What do you want to do?

Building a business is a process that can take years of thoughtful, hard work. Sometimes it takes several tries to make it happen. It's not an instant recipe or based on a magic secret. Educating yourself and applying that knowledge will be a continuing issue in your journey. How do I know? I started my journey 48 years ago.

My skills are mostly in tech. In both hardware, software engineering and web design.

In therms of business. I tried a 3D printing business. The problem I ran into was the limitations of the business. The market was small with other competitors. I also knew that cap ex would grow as the business grew. More 3D printers and inevitably more labour would be needed. After reading Fastlane I realized this was a slowlane business so I abandoned it.

I then I started to try to make and sell websites to high profile social media users and content creators. Essentially selling control of their content back to them. This did not work, when I reached out to content creators, they were content with the structure of their business, i.e. having control of their content and payment in someone else's hands.

I am now trying to improve my skills in dynamic web design. I did a job before where I would add features on a website depending on user feedback. I hated the job but I think that was the closes point I got to a path to a fastlane type business. I'm now trying to refresh my skills and will be going on marketplaces to see problems I can solve and solve them with my own business instead of working for someone else.

 

[WJK]

My skills are mostly in tech. In both ?hardware, software engineering and web design.

In therms of business. I tried a 3D printing business. The problem I ran into was the limitations of the business. The market was small with other competitors. I also knew that cap ex would grow as the business grew. More 3D printers and inevitably more labour would be needed. After reading Fastlane I realized this was a slowlane business so I abandoned it.

I then I started to try to make and sell websites to high profile social media users and content creators. Essentially selling control of their content back to them. This did not work, when I reached out to content creators, they were content with the structure of their business, i.e. having control of their content and payment in someone else's hands.

I am now trying to improve my skills in dynamic web design. I did a job before where I would add features on a website depending on user feedback. I hated the job but I think that was the closes point I got to a path to a fastlane type business. I'm now trying to refresh my skills and will be going on marketplaces to see problems I can solve and solve them with my own business instead of working for someone else.

So, you're into IT. Hook up with Andy Black here on the Forum. He's a good resource and he has a lot of postings that may help you.

From your reply, you almost sound like you're into getting rich quickly. Am I misunderstanding you?

 

[NobodyMillionair]

So, you're into IT. Hook up with Andy Black here on the Forum. He's a good resource and he has a lot of postings that may help you.

From your reply, you almost sound like you're into getting rich quickly. Am I misunderstanding you?

Thank you for the suggestion. I'll try to reach out to him.

Yes. But I understand that it is different from getting rich easy. I know it'll be difficult. From my understanding getting rich quickly means following the C.E.N.T.S framework.

 

[WJK]

Thank you for the suggestion. I'll try to reach out to him.

Yes. But I understand that it is different from getting rich easy. I know it'll be difficult. From my understanding getting rich quickly means following the C.E.N.T.S framework.

Being successful at all in business takes a C.E.N.T.S. framework. It takes a variety of skills -- people and management skills. And the grit to follow through and keep on going.

First, you must define what you consider to be "rich". How big of a pile of money are you chasing? Is it your dream or another's dream? What is your definition of success? How did you come up with that definition? Is it inclusive of building a life or is it just about net worth? What are your benchmarks along the way? And what are you willing to trade for that success? Then, what are you going to do when you get there? What will your life look like? What are you building? Who will you be?

Have you thought about creating a group of businesses that are all related?

I have a core RE rental business that is a productocracy -- it's not scalable. Then I have side gigs and "pie-in-the-sky" investments. I can't remember a time when I had just one business interest going. I retired from my career 22 years ago, but I'm not very good at this retirement stuff. Working for me is like breathing. It's natural and normal.

 

[aboutkaizen]

I have read The Fastlane Millionaire. I was able to use the knowledge to identify problems that lend itself to a fastlane business. I borrowed 2 books from the library that will help me start to implement that idea. One on Nodejs and another on lunching products and services through social media and email marketing. I also found Unscripted from the library and borrowed it as well.

I have noticed that I am split between reading the books that will help me build my product, lunch quickly, fail fast, learn repeat, and reading Unscripted . Should I be reading unscripted or is it action faking?

I know I can do both. But when I start reading a book, I read it for the entire reading session I have booked for that day because of momentum.

Unscripted contains more strategy and concepts since MJ really went dive deep there. I have read MJ's three books but only reread Unscripted and TGGRE.

In my opinion, I don't see it as a time waste if I will read it. Since it will just take around 4-5 days to finish. If you can avoid 20 days of mistake to just spend time for 4 - 5 days reading the book, isn't that a good tradeoff?

Again, this is just my personal opinion. I may be wrong

 

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[TheWiseGuy]

I've noticed many posts of people being scared shitless of reading books or consuming educational content in fear of action faking. Quit overcomplicating what MJ said.

Start constructing something. Read Unscripted in your down-time to keep your thoughts in-tune with the subject matter of entrepreneurship.

Action faking is when you literally read book after book to "get ready" to take action.

It's very simple. If you finish your business related work, instead of scrolling Instagram for an hour, whip out Unscripted .

 

[NobodyMillionair]

I've noticed many posts of people being scared shitless of reading books or consuming educational content in fear of action faking. Quit overcomplicating what MJ said.

Start constructing something. Read Unscripted in your down-time to keep your thoughts in-tune with the subject matter of entrepreneurship.

Action faking is when you literally read book after book to "get ready" to take action.

It's very simple. If you finish your business related work, instead of scrolling Instagram for an hour, whip out Unscripted .

Makes sense. Thank you for this.

 

[NobodyMillionair]

Being successful at all in business takes a C.E.N.T.S. framework. It takes a variety of skills -- people and management skills. And the grit to follow through and keep on going.

First, you must define what you consider to be "rich". How big of a pile of money are you chasing? Is it your dream or another's dream? What is your definition of success? How did you come up with that definition? Is it inclusive of building a life or is it just about net worth? What are your benchmarks along the way? And what are you willing to trade for that success? Then, what are you going to do when you get there? What will your life look like? What are you building? Who will you be?

Have you thought about creating a group of businesses that are all related?

I have a core RE rental business that is a productocracy -- it's not scalable. Then I have side gigs and "pie-in-the-sky" investments. I can't remember a time when I had just one business interest going. I retired from my career 22 years ago, but I'm not very good at this retirement stuff. Working for me is like breathing. It's natural and normal.

My "pile of cash" is $10,000,000 pre-tax. After-tax $5,000,000

Reason:

Lifetime earnings of an engineer in tech is bout $5,000,000 (https://www.monster.com/career-advice/article/high-lifetime-earnings). I want to see if I can provide the same value that I normally would over my entire lifetime (through employment) in a shorter period of time (through entrepreneurship).

Plus 2.5% roi on $5,000,000 is $125,000 which is a decent salary for an engineer.
And 5% roi is $250,000 a very good salary for an engineering manager.

So not only would I aim to provide the same value to people, that I know I am capable of, in a shorter period of time. By investing that cash, I will receive an annual income about the same as if I was working full time but instead also having time freedom as well.

 

[WJK]

My "pile of cash" is $10,000,000 pre-tax. After-tax $5,000,000

Reason:G

Lifetime earnings of an engineer in tech is bout $5,000,000 (https://www.monster.com/career-advice/article/high-lifetime-earnings). I want to see if I can provide the same value that I normally would over my entire lifetime (through employment) in a shorter period of time (through entrepreneurship).

Plus 2.5% roi on $5,000,000 is $125,000 which is a decent salary for an engineer.
And 5% roi is $250,000 a very good salary for an engineering manager.

So not only would I aim to provide the same value to people, that I know I am capable of, in a shorter period of time. By investing that cash, I will receive an annual income about the same as if I was working full time but instead also having time freedom as well.

Good. You can do that over time. Being an entrepreneur is playing a "big boy's game". Put your shoulder into it and try some different stuff while you continue to support yourself in your career. Become fascinated with the process -- the nuts and bolts of what works and what doesn't. The most important issue is answering the why question. Everything you learn can become critical to your future success. You'll need a lot of moving pieces to make it all work.

What have you done or learned so far that you can morph into a new business? Most successful entrepreneurs make several business steps before they find the right formula and mix to create their ultimate business. Many times it's a series of businesses along the way that teaches them all the elements they need. It's usually NOT a one-and-done situation. Put your head into the process and enjoy the ride.