How To Get Ahead Of 99% Of Entrepreneurs (Do This Now)
Last updated: Jul 30, 2023
This video is about how to become a top one percent entrepreneur by understanding that success is not about working harder or doing different things, but rather about doing the same things as everyone else differently, and it provides effective rules for guaranteed success.
This video by Adam Erhart was published on Aug 1, 2023. Video length: 15:32.
The video is about how to become a top one percent entrepreneur and achieve success.
The speaker explains that it is not about working harder or longer, but rather about doing the same things as everyone else, but differently. The top one percent of entrepreneurs think, act, and see things differently than the rest. The speaker shares a few simple but effective rules that guarantee success, starting with understanding the importance of solving big problems for big profits.
The video also discusses how to prioritize business offers based on criteria such as net profit, fun and enjoyment, ease of delivery, ease of sale, sustainability, scalability, and automation.
Success as an entrepreneur is about doing things differently than everyone else.
The top one percent of entrepreneurs have a different mindset and approach.
Success is not random, but follows simple rules.
Entrepreneurs should focus on solving big problems with high profit potential.
Choose where to focus based on criteria such as profit, enjoyment, and scalability.
Automate and outsource tasks to streamline and scale your business.
Focus on one offer to become an expert in that area.
Master the three ways to grow a business: new customers, frequency, and size of purchase.
Apply the Pareto Principle to focus on the most important areas of your business.
Identify your entrepreneurial superpowers and focus on tasks you enjoy and excel at.
Success as an entrepreneur is not about working harder or longer, but about doing the same things as everyone else differently.
The top one percent of entrepreneurs think, act, and see things differently than the 99 percent.
Two entrepreneurs with the same business and market can have completely different results.
Success is not luck or random, but following a few simple but effective rules.
The first rule is understanding that an entrepreneur's job is to solve problems for a profit.
Section 2: Solving Big Problems
Many entrepreneurs struggle because they are trying to solve problems that nobody really has, not enough people have, or that are not painful enough to take action.
A big, urgent problem that needs immediate attention is referred to as a "bleeding neck" in business and marketing.
Entrepreneurs should focus on solving big problems that have a high potential for profit.
Identify problems that have a severe impact and are in high demand.
Find problems that people are willing to pay to have solved.
Section 3: Choosing Where to Focus
List out all of your business's current offers or potential ideas.
Rank them on a scale from one to five based on criteria such as net profit, fun and enjoyment, ease of delivery, ease of sale, sustainability, scalability, and automation.
Consider how much money you can make, how much you enjoy the work, how easy it is to deliver or fulfill, how easy it is to sell, how long you can sustain it, how scalable it is, and how easy it is to automate or outsource.
Add up the scores for each criteria and choose the option with the highest score.
Focus on the option that has the potential for the most profit and aligns with your enjoyment and capabilities.