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Acquire experience through any means possible. Experience brings numerous benefits. However, when it comes to succeeding in entrepreneurship, it's not solely about your knowledge; rather, it revolves more around your networks and connections. Experience not only provides you with practical examples to reflect upon when facing challenges and being relied upon to solve problems, but it also introduces you to people who become valuable resources in the future. When starting a business, you'll require employees and subject matter experts, and having established networks in the field is crucial. Without investing time in developing these connections through practical experience, it becomes exceedingly difficult to access them when the need arises. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

Seek out a mentor who can guide you on your journey, whether you choose to pay for their services or find someone willing to volunteer their expertise. Look for someone who has achieved the kind of success you aspire to. Listen to their advice and take action based on their guidance, even if it pushes you outside of your comfort zone. Understand that as a new entrepreneur, growth and discomfort go hand in hand. Transitioning from being an employee, no matter how entrepreneurial, to becoming an employer and running a business requires a transformation. Embrace the necessary changes and commit to becoming the person capable of running a successful venture. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

Starting a business requires doing it for the right reasons. While there's no universal right or wrong reason, there are certain motivations that may lead to greater happiness and fulfillment.It's important to understand that starting a business will have its ups and downs. In fact, there will likely be more downs than ups in the beginning. While some companies take off immediately, this is the exception rather than the norm. For the majority of entrepreneurs, the journey will be challenging, but it becomes more manageable as the business grows and matures. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

When starting something new, it's normal to feel both confident and uncertain. Surrounding yourself with like-minded people who have gone through similar experiences can be helpful. They can offer valuable advice and insights to guide you along your journey. Don't be afraid to seek guidance and learn from others. It can help you achieve your goals and create a supportive network. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

Don't force things. Pursue what you want, but if you're constantly struggling, it may be in the wrong direction. Opportunities that align with you will gain momentum naturally. Holding onto one idea may waste time, loss of confidence, and confuse customers. Ideas are constantly evolving, so stay open to change. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

It's essential to have a trusted team of professionals when running a business. Make sure you have an accountant and a business attorney on board and have spoken with them. Consider also having a coach or business advisor to turn to for guidance. These professionals can provide support when facing financial or legal challenges and offer advice on overcoming hurdles. Having their contact details readily available can be invaluable. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

To succeed in business, it's essential to know how you will reach your customers. This is a critical question that many people overlook while focusing on their product's problem-solving abilities. Without a clear strategy for connecting with your customers, your business may struggle. Having funds, connections, or a revolutionary invention may attract attention, but in most cases, you need a solid plan for reaching your target audience. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

My advice would be to start with slow and small solutions. Even if you plan to ramp up and scale later, it's important, to begin with something manageable. You don't need to have everything set up perfectly from the beginning, like forming an LLC. Just start with a small test and iterate from there. Focus on working towards your goals and building momentum, rather than trying to achieve everything at once. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

Starting a business is a daunting task, and the one piece of advice you should keep in mind is that it won't be easy. Some people may ask what you mean by "it", but those who have already embarked on this journey will tell you that you're going to be alone. You'll be charting a path that no one else has traveled before, and you'll be at the top of the food chain. There's no one who can truly tell you what to do or how to do it, which can be a lonely feeling. However, the potential rewards can be huge. While the success rate of a new business after five years is uncertain, it's widely acknowledged that the odds are not in your favor. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

It's important not to get overly attached to your product. Instead, focus on providing something of value that people actually want. Take the time to understand the specific benefits your product offers and why customers might be interested in it. It's not enough to have a flashy, eye-catching product; if people don't perceive its value or how it can improve their lives, they won't be motivated to buy it. So, don't get too emotionally invested in your product without considering its market appeal. Prioritize understanding your customers' needs and desires over fixating on the product itself. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

If I had to give one piece of advice to anyone, it would be to prioritize quality and ensure that your clients are satisfied. In today's world, delivering high-quality work is crucial because it determines your reputation, which is shaped not only by word of mouth but also by online reviews and feedback. What's more, your online reputation can last forever, so it's vital to make sure that you always put your best foot forward. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

Based on my own experience, I've learned that having courage can be scary, but it's essential to success. If you believe in your product or idea, don't let fear hold you back. Embrace the natural fear that comes with taking risks, as it can sharpen your skills. However, don't let the fear of the unknown paralyze you. Always have confidence in yourself and the worth of your endeavors. By doing so, you can work through challenges and achieve your goals. It's also important to work hard and build relationships through networking. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

In my view, resilience is the most crucial factor in achieving success. It's vital not to give up, especially if you're passionate about what you're building. A closely related aspect is having a supportive team, which can help you stay resilient through both good times and bad. Therefore, it's crucial to build a strong team and culture that will stand with you through thick and thin. To summarize, resilience and teamwork are the keys to success. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

In today's world, building strong relationships and honing your interpersonal skills is essential. Despite this, many people rely solely on technology-driven solutions such as the Google Machine, PPC, and digital ads to generate leads, often investing large sums of money into these systems. While they may work in the short term, such systems are designed to keep you dependent on them, as your leads dry up the moment you reduce your investment. Therefore, it's crucial to focus on cultivating personal connections, as they are the most valuable and enduring source of success in any field. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

Consider identifying the individuals you want to collaborate with, as virtual events offer the flexibility to connect with a wide range of people. While it may seem like virtual events can be suitable for anyone, it's crucial to determine who your ideal audience is. Who would benefit the most from your expertise and offerings? Coaches, digital course creators, and others may be able to conduct virtual events, but it's important to narrow down and focus on your niche. By doing so, you can prioritize and address the specific needs and interests of your target audience. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

When starting a business, my advice would be to avoid seeking partners. Those two individuals were capable of starting the business without me, so they did not necessarily need me. However, I did write the business plan. Therefore, if you do choose to have partners, it's important to understand the value that each partner brings to the business, particularly when starting out. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

I would say that dreaming big is important, but starting small and considering what sets you apart from others is crucial. To begin, focus on building something small that incorporates the core elements of your idea, launch it in the market, receive feedback, and evaluate its performance before seeking additional investment. It's also possible to generate revenue with smaller products before gradually expanding and adding new features. You're almost there! --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

Developing a network of relationships built on motivation, inspiration, and integrity is crucial, as these connections can prove invaluable in the future, even if they don't fulfill an immediate need. My own connection with you came about through Mike at Freefuse, who hosts my learning product. Thanks to my professional relationship with Mike, he had no hesitation in recommending that I get in touch with you. Having three dozen relationships like this will be much more beneficial than just having one or two connections. Therefore, I believe that nurturing valuable relationships and working in tandem with them is a significant factor in achieving success. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

Listening to clients is crucial, so my advice would be to prioritize it. It's important to understand their needs and figure out what you can excel at. Once you've identified your niche, focus on it and keep listening to your clients along the way. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message

I think the biggest thing for me is to not go it alone. Co-founders, even if they're not co-founders, advisory board members, just advisors, or just people that you can consistently check in with are crucial. The key point is consistency. Put something on the calendar for every week, every quarter, to get that third-party, unbiased feedback or even just to bounce ideas off of. Because someone in the business world has been down your path before, even if it's not an exact product match of what you're doing. The way businesses grow, there's oftentimes someone who has walked that path before. It can be so helpful to just shorten your learning curve by learning from others. So, I think that's one of the biggest things, just not to go it alone. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-inventive-journey/message