The 6 Biggest Entrepreneurship Fears

The Real Entrepreneurship Life

Entrepreneurship is unpredictable, because let’s face it: There is no guarantee the risks you take will pay off.

But if you allow fear to prevent you from pursuing your passion, you’ll likely always feel something is missing.

To succeed as an entrepreneur, you must tackle your fears head on so they don’t run the show anymore—you do.

1. You Don’t Feel Ready Yet.

You will never feel ready. The stars, moons and planets won’t suddenly align and send cosmic impulses when it’s time for you to pursue your dreams. You simply have to take action.

You might not feel like it’s the perfect time to take action yet. That’s totally normal. The truth is, the perfect moment doesn’t exist. You must take the moment and make it perfect by taking imperfect action.

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Success is the product of action, not thought. Master the art of momentum to ensure you’re always moving toward your goals. If you take action and make a mistake, it’s OK; you’ll learn more from one mistake than you’ll learn from an eternity of daydreaming.

Ask yourself, Who will I become in the face of fear?

2. People Will Judge You For Doing Something Different.

It’s none of your business what other people think about you. Let’s face it, not everyone is going to like you. Even if you try to make everyone like you, some people still won’t, so you might as well just be yourself.

When you take a stand for what you believe in, people’s opinions become irrelevant. Some of the world’s most influential leaders—Martin Luther King Jr., Abraham Lincoln, Mother Teresa, etc.—faced extreme opposition, yet their devotion to their visions stayed constant.

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If your family and friends think you’re crazy for pursuing your dreams, that’s totally normal. They just want you to be safe. Steve Jobs said, “The people who are crazy enough to think they can change the world are the ones who do.” Consider your craziness a gift.

In your entrepreneurship journey ask yourself, Who am I willing to become at the risk of being seen?

3. It’s Already Been Done.

This might be true, but it’s never been done by you. What separates true leaders from the rest of the crowd is not originality, but authenticity.

For example, the fitness industry is saturated with the same content, yet new leaders emerge on the scene all the time. Why? Because successful leaders have the ability to deliver value in a way that’s authentic to them—even if it’s not original.

What is originality, anyway? Almost everything we know is a hybrid of information that we learned from someone else who learned it from someone else, and so on.

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It’s true, most things have been done before, but once you put your own perspective, passion and personality behind the value you’re sharing with the world, it becomes authentic to you. No one can duplicate the essence that makes you you.

Ask yourself, How can I add the most value to the world just being myself in my entrepreneurship journey?

4. You Don’t Know Enough To Start Yet.

Many people are using the next certification, self-help book or seminar to provide the illusion that they’re finally ready to start pursuing their dreams. Education is great, but it’s not about the stuff you need to learn—it’s about what you do with the itty bitty nuggets that count. Just imagine what your life would look like if you actually applied what you already know.

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For example, if everyone actually ate healthy and exercised, they’d be in great shape. When you apply what you already know, you will shift your life and the lives around you in an incredibly powerful way.

Take action with the knowledge you already have and continue to master your craft as you go.

Ask yourself, How could I make the biggest difference using what I already know?

5. You’re Afraid You’re Going To Fail.

Pursuing your dreams is about stepping up and becoming a leader. In the process, you will make some mistakes. So what?

“Failure” is simply feedback you should use to improve your craft.

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Walt Disney and Michael Jordan didn’t give up after they failed. They persevered because each setback was actually a setup for a greater comeback.

The greatest lessons come from failure, so perceive it as a gift. As Robert Kiyosaki said, “People who avoid failure also avoid success.”

Ask yourself, What’s the point of living if I don’t at least try to do something remarkable?

Entrepreneurship is more than just success, it’s about giving and contributing to the world.

6. You Don’t Know How To Do Everything You Want To Do.

You don’t always need to know the exact route to your destination—you just have to get there. Take action on what you know you can do, then either model the rest or outsource it.

If you see other entrepreneurs who have the results you want, pay attention to what they’re doing.

Opt into their mailing lists, buy their products, take a look at how they operate their businesses, and then model what you like using your unique content and authentic style.

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delegation concept, ceo delegating tasks to employees of the company

If there are things that you don’t know how to do or simply don’t want to spend time doing, outsource them. There are teams of virtual assistants all over the world who will gladly handle your workload. There are thousands of affordable virtual assistants available at upwork.com, fiverr.com or freelance.com, among other sites.

Ask yourself, Who can I model or hire to help me bring my vision to life?

The more you face your fears, the less power they have over you. You are far more powerful than you realize, so take risks and trust in your ability to deliver.

Although entrepreneurship is unpredictable, you chose it, so bring your dreams to life today without giving fear a second thought.

Liked this? Want my 1:1 help? Claim your FREE 30 minute Income Kickstarter Strategy Session – Click here.

About The Author

Your Millionaire Mentor
Shaqir Hussyin

Shaqir Hussyin is the founder and CEO of WealthAcademy.com & Funnels.com. Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available: Max Income System; 14 Simple Steps To Making Your First $120K

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader. His work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.

Self Discipline For Entrepreneurs

What’s at the core of achieving the good life? It is not learning how to set goals. It is not learning how to better manage your time. And it’s not mastering the attributes of leadership, either. It’s Self Discipline.

Every day, in a thousand different ways, we are trying to improve ourselves by learning how to do things. We spend a lifetime gathering knowledge – in classrooms, through textbooks, through personal experiences. And if knowledge is power, if knowledge is the forerunner to success, why do we fall short of our objectives? Why, in spite of all our knowledge and collected experiences, do we find ourselves aimlessly wandering? Settling in for a life of existence rather than a life of substance?

There are many answers to this question. Your answer might be different from everyone else you know.

Despite so many different answers to this question, the common denominator might be the absence of self discipline in applying our knowledge.

The key word is discipline, as in self-discipline.

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Self Discipline Fact

It doesn’t really matter how smart you are if you don’t utilize your knowledge. The fact that you graduated magna cum laude makes no difference if you’re stuck in a low-paying job.

It’s irrelevant that you attend every seminar that comes to town if you don’t apply what you’ve learned.

We spend our lives gathering: acquiring knowledge, developing skills, collecting experiences. But we must also apply the knowledge, skills and experiences we gather in the realms of life and business. We must learn to use what we’ve learned.

And once we’ve applied that knowledge, we must study the results of that process and refine our approach.

The Real Success

Finally – by trying, observing, refining, and trying again – our knowledge will inevitably produce worthy, admirable results. And with the joy and results of our efforts, we continue to fuel our ambition with the positive reinforcement of continued progress.

Pretty soon, we’ll find that we’re swept into a spiral of achievement, a vertical rise to success. And the ecstasy of that total experience makes for a life triumphant over tragedy, dullness and mediocrity.

But for this whole process to work for us, we must first master the art of consistent self-discipline. This ability is necessary if we want to master the art of setting goals, time management, leadership, parenting and relationships.

If we don’t make the effort to include consistent self-discipline in our daily lives, the results we seek will be sporadic and elusive. It takes persistent effort to truly effectively manage our valuable time. Without it, we’ll be routinely frustrated. Our time will be eaten up by others whose demands are stronger than our own.

It takes self discipline to conquer the nagging voices in our minds: the fear of failure, the fear of success, the fear of poverty, the fear of a broken heart. It takes discipline to keep trying when that nagging voice within brings up the possibility of failure.

The Reality Of Self Discipline

Self discipline is also necessary to admit our errors and recognize our limitations. The voice of the human ego speaks to all of us. Sometimes, that voice tells us to magnify our value or accomplishments beyond our actual results. It leads us to exaggerate, to not be totally honest. It takes self discipline to be totally honest, both with ourselves and with others.

Be certain of one thing: Every exaggeration of the truth, once detected by others, destroys your credibility. It makes all that you say and do suspect. As soon as a business colleague figures out that you tend to exaggerate, they will think you always exaggerate. And they’ll never quite hold you in the same regard again. Never.

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The tendency to exaggerate, distort or even withhold the truth is an inherent part of all of us. It starts when we’re kids. Johnny says, “I didn’t do it. I didn’t do it!” Well, maybe Johnny didn’t do it, but he probably had something to do with it. The same pattern continues when we reach adulthood.

We exaggerate the benefits of a product to make a sale, exaggerate our net worth to impress old friends, exaggerate how closer we are to closing a deal to impress the boss. Only an all-out, self disciplined assault can overcome this tendency.

The Results Achieved 

It takes a great deal of self discipline to change a habit.

Once formed and internalized, habits act like a giant cable – a nearly unbreakable instinct that only long-term, disciplined activity can change. We must unweave every strand of that cable, slowly and methodically, until the cable that once held us in bondage becomes nothing more than scattered strands of wire. It takes the consistent application of a new, more desirable discipline to overcome undesirable habits.

We require self discipline to plan, as well as execute our plans. It takes self discipline to look with full objectivity at the results of our applied plan. And it takes self discipline to change either our plan or our method of execution, if the results are poor. It takes self discipline to remain firm when the world throws opinions at our feet. And it also takes self discipline to ponder the value of someone else’s opinion.

Especially when our pride and our arrogance lead us to believe that we are the only ones with the answers.

With this consistent self discipline applied to every area of our lives, we can discover untold miracles and uncover unique possibilities and opportunities.

Want to know how i personally apply self discipline in my daily life? Check out the video below!

Liked this? Want my 1:1 help? Claim your FREE 30 minute Income Kickstarter Strategy Session – Click here.

About The Author

Your Millionaire MentorShaqir Hussyin

Shaqir Hussyin is the founder and CEO of WealthAcademy.com & Funnels.com. Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available: Max Income System; 14 Simple Steps To Making Your First $120K

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader. His work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube,LinkedIn & FB Group.

Top 5 Entrepreneurship Books Every Entrepreneur Should Read In 2018

Entrepreneurship books are an excellent source of wisdom, expert advice, and valuable insights.

To me, they are worth more and can provide you with more knowledge than MBA programs.

Countless successful entrepreneurs and CEOs around the world have already proven that having a Master’s Degree in Business isn’t a necessity for running a thriving business.

In fact, many of them never even attended college, but have managed to rise to the very top of their business and industry.

Furthermore, with the rapid advancement of digital technologies, countless new lucrative business opportunities have emerged, allowing virtually anyone to start their own online business.

However, that doesn’t mean everyone knows what it takes to make it in this vast and complex world.  

Instead of jumping in blindly, you should empower yourself with knowledge and wisdom of other successful entrepreneurs, to ensure your business gets off to a great start, and fast-track your journey to online success.

Admittedly, a certain level of experience is required to create a sustainable and profitable online business.

That said, the wealth of information contained within entrepreneurship books can and will help you get started and get to where you want to be with your business a lot quicker.

As entrepreneurs, we’re always encouraged to read more in order to expand our knowledge and enhance our skills.

But let’s face it, with the vast amount of self-published entrepreneurship books available both online and as hardcovers, not every one of them is going to be worth your while.

So, what should you be reading? I’ve compiled a list of what I believe are the top 5 books that every aspiring entrepreneur must read, at least once in their life.

I’ve read all of the books on this list (and have written one myself), so I can say with full confidence that they’ll be an invaluable resource to you as a future successful online entrepreneur.

Here Are My Top 5 Entrepreneurship Books That Every Entrepreneur Should Read:

 

  1. The Backpack Millionaire by Shaqir Hussyin 

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Recognized as one of the most comprehensive books on making money to date, The Backpack Millionaire is a must-read for anyone determined to create a sustainable and wildly profitable online business.

Over the past 7 years, I’ve invested more than $350,000 into my personal growth. I’ve expanded on my knowledge as an online entrepreneur by learning from various mentors, coaches, experts, and industry leaders.

 

I’ve used that knowledge to create multiple million-dollar businesses and generate upwards of $25 million in sales.

I’ve distilled all of the knowledge I’ve gained throughout my career into a single resource – The Backpack Millionaire book.

Of course, this book doesn’t contain every online marketing strategy imaginable… It does, however, provide an in-depth guide to creating direct, passive and active online income.

The Backpack Millionaire breaks down my proven 13-step formula for creating a million-dollar business. And it does so in a down-to-earth, easy to understand manner.

It covers a variety of topics, from developing the right mindset and setting a rock-solid foundation for your business, to maximizing your income and having your business run on autopilot.

I wanted to ensure that literally anyone can implement these strategies in their business to replicate my success. Even someone who has no experience whatsoever, and isn’t particularly tech-savvy.

This book can and will help you leverage the power of online marketing to create a real, wildly profitable business and build a lifestyle of complete time and money freedom you want and deserve, around it.

  1. The E-Myth Revisited by Michael E. Gerber

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In case you haven’t heard of the e-myth before, it’s essentially a common misconception regarding starting and running a business. The myth states that any entrepreneur that starts a business is inherently qualified to successfully manage, run, and grow it.

As you might’ve guessed, that’s not always the case in practice. More often than not, entrepreneurs start a business venture without a sound plan. Consequently, they face quite a few difficulties on their journey to the top.

The E-myth Revisited tackles the common assumptions and advice related to starting an online business.

One thing Gerber does exceptionally well in his book is explaining the crucial distinction between working “on” and working “in” your business.

In reality, most people looking to start their own business don’t exactly know how small businesses work. This lack of experience inevitably leads to failure.

This book does an amazing job of guiding you through the entire lifecycle of a business. It goes from an idea to business maturity, and dispels all the myths surrounding starting a business.

That’s why I believe it should be on the very top of your reading list.

  1. The 4-Hour Workweek by Tim Ferriss

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From what I’ve seen, one of the main reasons people decide to start their own business is the time freedom it provides.

I’m talking about the freedom to spend quality time with friends and family. The freedom to fully dedicate yourself to pursuing your true passions in life.

That’s where the appeal of The 4-hour Workweek comes from.

 


The book talks about various business opportunities that will enable you to lead this type of lifestyle. And, it does so in a fun and engaging manner that will inspire you and motivate you to take action.

Tim Ferriss is a strong advocate of the Pareto Principle (focusing on the 20% of actions that are responsible for 80% of the obtained results). In this book, he illustrates innovative applications of this principle in an online business environment.

Aside from that, The 4-Hour Workweek also offers a bunch of tips and valuable information on building a successful online business. All of this makes it a must-read, in my opinion.

  1. The Art of The Start 2.0 by Guy Kawasaki

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One of the timeless entrepreneurial classic’s, Kawasaki’s Art of The Start has received overwhelmingly positive feedback from readers over the years. This warranted a second, fully revised, extended edition.

The Art of The Start 2.0 is a more detailed guide to launching and creating a brand-new product, service, or idea, and using it to fuel a successful and profitable business.

 


Kawasaki understands that there’s an overwhelming amount of information regarding starting a business out there.  Furthermore, that information is scattered through different blogs, books, articles, webinars, etc.

He proposes a solution by distilling his decades of experience into a single book. As a result, the 2.0 version is 64% longer. It offers his latest insights and practical advice on various topics like social media, crowdfunding, cloud computing, etc.

Guy Kawasaki stresses the major changes in the business world in the past decade. He then explains how to fully utilize the newly emerged tools to build a strong team, create a great product and/or service, and stay on top of the competition.

 

  1. Grit: The Power of Passion and Perseverance by Angela Duckworth

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Although it tackles other areas of life aside from business, like parenting and studying, I personally believe this book will be of tremendous help to you as an entrepreneur looking to start your own business.

Why is that? Well, simply because it does a wonderful job of explaining one simple truth. The truth that somehow seems to elude the vast majority of people:

 


Exceptional results can’t be attributed to talent alone. Rather, they are a blend of passion and perseverance, which Duckworth calls “grit”.

I can’t tell you how many young, talented, promising entrepreneurs I’ve watched give up on their business, before they hit the big breakthrough.

As you start building an online business, you will inevitably have some ups and downs. You’ll more than likely hit a few roadblocks before you achieve success. And that’s perfectly fine.

That’s what this book is all about – what goes on inside your mind when you face challenges and difficulties. It talks about getting up when you fall down. It shows you how to push through the hard times until you’ve reached your desired goals.

If you have limiting beliefs that are preventing you from realizing your full potential, I definitely recommend this book.

Conclusion

I believe that, from time to time, we should all just slow down and take the time to read a quality book. Especially if it helps expand our knowledge on the subject we’re passionate about.

If your passion and goal is to escape the 9-5 grind, build your own rock-solid, wildly profitable online business, and be your own boss – then you definitely want to read through the entrepreneurship books on this list.

Each of them provides a wealth of valuable information and practical advice. They’ll all serve as valuable guides you can always turn to, at any point in your business.

So, are you ready to start your adventure and make your dream business a reality?

Then click here to discover how you can get a FREE hard copy of my Backpack Millionaire, and begin your journey to becoming a successful online entrepreneur today.

This is an extremely limited offer, since only 1,000 copies were printed.

Once they’re all gone, I’m afraid you will have missed out on this incredible deal. So don’t hesitate – get your free copy while you can.

About The Author

Your Millionaire Mentor
Shaqir Hussyin

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Shaqir Hussyin is the founder and CEO of WealthAcademy.com & Funnels.com. Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available: Max Income System; 14 Simple Steps To Making Your First Income Online.

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader. Shaqir’s work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.

What Are The Best Ways To Think Of Startup Ideas

There are TWO techniques to think of ideas I’ve seen, that are proven to deliver results for startups and help them scale big time into the millions.

No matter if you’re a newbie or a hardcore veteran entrepreneur wanting to start a new business… Literally anyone can do this!

Take my word for it, because what I am about to share with you is closely guarded knowledge. These nuggets of wisdom come from a billionaire, serial entrepreneur, motivational speaker, music/film producer, board adviser and founder of priceline.com, ubid.com and bookings.com – JEFF HOFFMAN.

So, read this whole article closely if you want to learn exactly what to do to launch your next big idea for your startup into the millions.

Back in 2017 I hosted the Traffic Millionaire Summit 5.0. During the summit, Jeff went DEEP into the tricks and techniques he uses to massively scale his businesses and joint ventures.

Remember, these are secrets that the big businesses do to become GIANTS in their industries!

So, if you want to launch, build and grow your idea into a business and achieve your own financial freedom you need to implement these nuggets today…

Then Let’s Get Cracking!

People approach me with amazing business ideas all the time. The trouble is, they often have no clue of how marketing works. They don’t know what industry they want to get it. They’re not even sure whether there’s a demand for the idea they have.

You need to test out your idea, before you fully commit to it.

So the first thing you want to do when you have an idea is:

→ FIND A REAL PROBLEM YOUR IDEA CAN SOLVE AND OR A NEED IT CAN FULFILL

Anyone can have an office or a logo… But the real successful startups knows these three crucial things:

  1. What are they selling
  2. To whom they are selling it
  3. Why people are buying what they are selling

This is what makes them stand out, launch and ultimately scale into the millions.

I see so many people wanting to become entrepreneurs because it’s something that seems sexy, stylish and attractive. Although it’s often portrayed this way, the reality is fundamentally different.

So again, if you have an idea, make sure that idea fills a need and or solves a real problem in our world.

Don’t just set up a shop with a logo and website and think you’re automatically an entrepreneur with a startup company. It doesn’t work that way.

If you can imagine your product as a bridge to get specific results, ask yourself this question:

  • What results do they want to get, and would they need to buy my stuff to achieve them?

Example: A group of people who listen to music while they jog. What do they need to buy in order to do so? The obvious answer is an mp3 player.

So if your selling the coolest, lightweight mp3 player on the market with an added bonus of a arm-strap specially for jogging…

Are you filling a need or solving a problem in the market? Absolutely!

So, this is why only a few startups succeed. Because they know exactly what they’re doing and why they’re doing it.

(RELATED: Learn How To Find Real Problems In The Market Space And Fill The Need In 14-Steps Here)

Now before you go off and learn those 14 steps above, let’s focus on the second part that is…

→ INFORMATION SPONGING

So there’s a problem that exists with many entrepreneurs or marketers today. Let me give you an example so you can understand me better:

Let’s say you are in the health industry selling health care products and you get an invitation to go to a banking conference. Would you say that that would be time well invested or not, since you’re in a different industry?

Or if someone were to offer you a Sports Illustrated magazine. Would you read it?

I am guessing for both questions you would say no. You’re not interested since it not relevant to me or the industry your in…

And that’s the big problem!

So, what you want to do is get out of what your doing. Leave the industry you’re in for a few moments, and follow your curiosity.

Take 10 minutes a day or once per week and follow what attracts your attention. Anything that sparks your curiosity in another industry, so you can learn something new.

Afterwards, write down in one sentence something you’ve learned from what you’ve discovered.

These will become like puzzle pieces for when the opportunity shows up. You can be the first one who puts all these various puzzle pieces together to launch a totally unique startup.

In other words, you’re combining concepts, strategies and solutions from various industries into one single idea, which will become your very own unique startup.

This is how Jeff Hoffman launched various multi-million dollar business like priceline.com, ubid.com and bookings.com

CONCLUSION

I can’t stress this enough, these are highly effective techniques given to you that can truly help you gain knowledge of your industry and niche market you want to dive into.

Following these two techniques have allowed me to to create various services in the IM-industry like; income-kickstarter, gurufunnels, solo-ads-agency, video-ads-agency and the shic-mastermind from which various students have become 6-figure earned and millionaires in their respective markets.

So i highly recommend you to put these into action, take 10 minutes a day or even per week and start collecting ideas and learning new breakthroughs in various industries so you can one day connect all those pieces of puzzles into one highly successful startup

Want to know more about what jeff talked about?

Check my short interview with jeff here after we closed traffic millionaire summit 5.0;

(NOTE: Before you launch a startup, you need to know what problems are there, what areas are people struggling with, and what they will buy. Get instant access here and watch step1 now and get clear on what problems you can fill a need for in the market space.)

Hope you’ve enjoyed it.

About The Author

Your Millionaire Mentor
Shaqir Hussyin

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Shaqir Hussyin is the founder and CEO of WealthAcademy.com & Funnels.com. Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available: Max Income System; 14 Simple Steps To Making Your First First Income Online

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader. Shaqir’s work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.

 

5 Ways To 10X Your Business Insights By Grant Cardone

Recently, I had the opportunity to attend the 10x UK tour, a live event hosted by some of my friends and they bought in a guest speaker; Grant Cardone. ABout 1,500 people attended and it was REALLY DAMN GOOD. Grant is a total beast and I’ve got a ton of notes to share with ya’ll. Grant is a bestselling author, as well as a world class sales trainer, speaker, and entrepreneur. I have a podcast with insights from the event coming soon on
The Shaqir Hussyin’s Show.

He’s built a $1Billion property portfolio of multifamily projects virtually from scratch. It’s safe to say he knows a thing or two about business. So, when he talks, I listen. He’s also dominated social media as the most badass marketer/business man, he’s backend services is his Capital Company that does real estate investing. If you want to learn from someone who is doing it RIGHT (well right in alot of ways) read this.

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He’s energy, dedication, commitment and plan to 10X is not just theory, he lives it. He shared a ton of valuable information during the event, but what piqued my interest were the 5 ways to 10X Your Business Insights By Grant Cardone he revealed.

I’ve been in the online business world for over a decade now. During that time, I’ve seen countless aspiring entrepreneurs struggle to get their business off the ground.

And I’ve noticed a certain trend with most of these people. They all have amazing business ideas, but horribly fail the execution.

The biggest problem, as I see it, is that everyone’s too focused on starting their business. However, that’s just the first step on the journey to success.

What’s far more important is knowing how to run, manage, and scale the business, so you can enjoy consistent and reliable income.

That’s why I’ve decided to share Grant’s 5 truths with you in this article. I’m convinced that every marketer, entrepreneur, and business owner NEEDS to know them.

They will help you avoid some of the common pitfalls, adopt the right mindset, and start your business on the right foot, so to speak.

Here is my big takeaways of Grant Cardone’s truth about running businesses.

1. The Only Reason Businesses Fail Is Due To Lack Of Attention

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You are either visible or invisible. Have you noticed how people that are visible make all the money? Invisible people don’t make money. There are quite a few things that can go wrong, and cause a business to crumble. However, at their core, they all have a common denominator – lack of attention.

It can be the lack of attention from you, the business owner, and your team. You might not pay enough attention to the target market, their wants and needs, and trying to promote a product they’re not interested in.

Or, you’re not keeping a close eye on your marketing campaigns and metrics, and are wasting a ton of money without getting any results.

There might be a number of signals indicating that something is wrong, or not fully optimized. But, if you’re not keeping a close eye on your business, you’re bound to miss them.

That’s why you can’t just “set it and forget it”. You need to work on your business daily. You must constantly monitor all the parameters, tweak your campaigns, update your offers, create new content, and engage your audience. You must become a master promoter, for Grant Cardone, he’s the 10X Guy. For myself, I’m known as the “High Ticket Marketing Whiz Kid” that uses funnels and automation to scale businesses quickly.

Speaking of audience, the other side of the coin is the lack of attention from potential customers. If your business is not top of mind, people will simply forget about it.

And if someone doesn’t even remember your brand, how can you expect them to buy from you? So, don’t just send a handful of emails out and call it a day…

Think of strategies you can employ to keep the communication between your business and prospects flowing. Figure out ways to constantly keep them engaged, and give them a reason to return to your website.

The more exposed they are to your business; the easier it will be to close the sale.

2. Best Product Almost Never Wins

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This myth of you must have the best product, I don’t know if I fully agree on this. However he talked highly of get the business right. This is one of those things that can be difficult to believe, but it’s absolutely true in today’s business world.

The best product seldom wins out in the marketplace. And the reason is quite simple…

Let me put it this way… Say you’ve got the best possible product on the market. Nothing can compare with it. Nothing can even come close.

But, you have no clue about marketing, and you’re struggling to get it in front of people who are interested in what you have to offer.

Do you think you’ll find enormous success with your fantastic product, if nobody ever hears about it? Of course not…

That’s why effective marketing is arguably much more important than the quality of the product. The people with the best marketing strategies, who can present their offers in the best light, will always win out.

In fact, they will stomp the competition. So, focusing solely on creating the perfect product won’t get you very far.

Now, don’t get me wrong, the quality of your product still plays an important role. You do need to provide value to the audience, if you’re hoping to consistently generate a hefty monthly income.

If you’re exaggerating in your sales pitches, and your product fails to deliver on the promises you’ve made, you’ll be in a pickle.

The bottom line is – you need a decent product and an extraordinary marketing strategy. After all, you have limited time and resources available to invest.

So, don’t heavily prioritize the product creation process. You don’t need the best product on the market to make it BIG. You just need a good product.

However, you DO need outstanding marketing to get it in front of your audience, beat the competition, and consistently drive sales.

3. People Don’t Cost Money – They Are An Investment

Aspiring entrepreneurs often have a skewed perception about employees.

They view the paychecks at the end of the month as cost, rather than as an investment in the business.

Grant Cardone, on the other hand, is the strong advocate of the attitude that “people don’t cost money.”

Paying your employees at the end of the month is never the problem. It’s not the thing that will make or break your business…

Do you know what actually costs money?

Lack of production costs money. It’s not that you’re paying someone for their work, it’s that they’re not contributing enough to justify it.

The work they’re producing needs to generate MORE income than what you’re paying them. It’s just common sense.

No sales is what’s costing you money. If your employees don’t have the knowledge, experience, and skills that will enable you to generate sales, THAT is the problem. Not the fact that you’re paying them.

Opportunities also cost money. You must carefully choose which business opportunity you want to invest in. If it turns out to be a bad call, regardless of everyone in your team performing at 100%, you’ll still lose money.

Also, not having business, and having nobody in the pipeline is what will cost you money. Failing to acquire new customers will quickly be the death of any business.

If your team helps ensure everything runs smoothly, and their efforts bring in new sales, they’re making you money, not costing you.

The takeaway is that people DON’T cost money. Invest in your people, help them grow and develop their skills. They’ll make you far more money in the long run. You want to invest in them, one of the best things companies and small business owners invest in is the WealthAcademy Certifications.

4. Build A Brand Before Advertising – Brand Builds Your Business. 

Branding works. Branding is important in today’s day and age, Grant had his staff wear 10X clothing, hats, jackets the whole shebang. Immediately I started working on a WealthAcademy Store (coming) with gear for everyday use for my clients, we just ordered new pens, mugs, etc so that when clients buy we followup with physical gifts that just create a stronger bond.

And that’s where most aspiring entrepreneurs get it wrong. They build their online business and immediately dump all their money into advertising.

But the thing is, next to no one will buy during the first interaction with your business…

They’ve never heard of your brand, and have no reason to trust you. If your offers are perceived as valuable, they might be interested to learn more about your business.

But if all that it comes down to is just product pages and promotions, there’s a high chance they’ll be skeptical. After all, there are so many self-proclaimed gurus and experts out there.

So, what’s the workaround? How do earn the prospects’ trust and ensure your business stays top of mind?

You need to build your brand first.

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Your logo, brand colors, and marketing message all need to be uniform and aligned. The potential customers need to instantly recognize your brand, whenever they run into it online.

To effectively build your brand and generate exposure, you need to create valuable, relevant, and engaging content. It’s vital to position yourself as an authority and an expert in your field.

You must show the audience that you have the knowledge and expertise necessary to help them solve their problems or achieve their goals.

That’s the only way to earn their trust. So, work on providing value before you go all-in on promoting your products or services.

For instance, you can create a blog based on your topic of interest, your marketing, the Shaqir Hussyin Blog is created for internet marketing training or host a free webinar on your chosen topic, I’ve created massive webinar promotions using automated webinars. This will help engage your audience, boost your credibility, and solidify your brand. Work on your design of your brand too, and keep it consistent.

5. Studying Small Is Guaranteed Failure – 10X is the way.

What are your current goals? Now make them 10X. When I feel stuck I often just sit and write my goals down. Immediate rush of energy and excitement comes by.

Always remember that you’re not the first person with a great idea, trying to turn it into a profitable online business.

Countless others have done the same before you. Some have failed, some have had incredible success.

And you can always learn from both groups. The failures will help you avoid the common mistakes and pitfalls. The successes will help you figure out what strategies and approaches work best in practice.

However, whatever you do, you don’t want to study small. Now, what exactly does Grant Cardone mean by this?

From Grant’s perspective, studying small is a guaranteed failure. And I have to say I agree 100 percent.

Modeling your business on a similar small business in your niche is a lose-lose situation. You want to go after a niche a market that has got ALOT of traction already. I like going where there is competition, it means there’s money there.

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They evidently have trouble scaling their profits. And I firmly believe nobody goes into business with the mindset of being content with mediocrity.

Worst case scenario, if you’re studying a small business, is that you’ll struggle to make ends meet. But the real problem is that the best case scenario isn’t much better either.

You’ll reach their level, and be able to make minor profits. And then what? You’ll just be left stuck in place…

The point Grant is trying to get across here is that you can’t grow your business if you’re studying small.

Instead, you should learn from experts in your niche who have had outstanding success with a similar product, idea, or business model.

You want to learn from the best of the best, if you’re hoping to one day scale to 6 figures and beyond.

10X’ing Your Results

The online business world is far more complex than it appears from an outsider’s point of view. There are quite a few wrong turns you can take, and each of them can lead to an inevitable downfall.

That’s exactly why I decided to share these 5 truths with you. Hopefully, now you have a better idea of what running an online business entails.

If you’ve found this article helpful, feel free to share your thoughts in the comments below! Also, don’t forget to share it with others who might find this information valuable.

Want more valuable tips that will help you start your business the right way, scale your profits fast, and fast-track your journey to success?

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About The Author

Your Millionaire Mentor

Shaqir Hussyin

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Shaqir Hussyin is the founder and CEO of WealthAcademy.com & Funnels.com. Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available: Max Income System; 14 Simple Steps To Making Your First First Income Online

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader. Shaqir’s work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.

 

4 Skills To Make Millions Like Mark Cuban

Who Would Have Know That It Will Only Take You 4 Skills To Make Millions Like Mark Cuban?!

Recently Mark Cuban was asked what he would do if he lost it all. What would he do first?

“I would get a job as a bartender at night and a sales job during the day,” Cuban said on the podcast How I Built This,” and I would start working.

“Could I become a multimillionaire again? I have no doubt.”

Why does he feel that way? Success is almost impossible — in any field — without solid sales skills.

Here’s why. To many people, the word selling implies manipulating, pressuring, cajoling–all the used-car-salesman stereotypes.

But if you think of selling as explaining the logic and benefits of a decision, then everyone–business owner or not — needs sales skills: to convince others that an idea makes sense, to show bosses or investors how a project or business will generate a return, to help employees understand the benefits of a new process, etc.

Furthermore, sales skills are communication skills which are critical in any business or career and you will learn more about communication by working in sales than you will anywhere else.

Gaining sales skills will help you win financing, bring in investors, line up distribution deals, land customers; in the early stages of starting a company, everything involves sales.

Understanding the sales process, and how to build long-term customer relationships, is incredibly important regardless of the industry or career you choose. Spending time in a direct sales role is an investment that will pay dividends forever.

Here are a few of the benefits:

  1. You’ll Learn To Negotiate.

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Every job involves negotiating: with customers, with vendors and suppliers, even with employees. Salespeople learn to listen, evaluate variables, identify key drivers, overcome objections, and find ways to reach agreement–without burning bridges.

You’ll learn to close just like mark cuban does it.

Asking for what you want is difficult for a lot of people. Closing a sale is part art, part science. Getting others to agree with you and follow your direction is also part art and part science. If you want to lead people, you must be able to close. Great salespeople know how to close. Great bosses do, too.

  1. You’ll Learn Persistence.

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Salespeople hear the word “no” all the time. Over time you’ll start to see no as a challenge, not a rejection. And you’ll figure out what to do next.

  1. You’ll Learn Self-discipline.

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When you work for a big company, you can sometimes sleepwalk your way through a day and still get paid. When you work on commission, your credo is, “If it is to be, it’s up to me.” Working in sales is a great way to permanently connect the mental dots between performance and reward.

  1. You’ll Gain Self-Confidence.

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Working in sales is the perfect cure for shyness. You’ll learn to step forward with confidence, especially under duress or in a crisis.

Still not convinced? Think of it this way: The more intimidating or scary a position in sales sounds, the more you need to take one. You’ll gain confidence and self-assurance, and the skills you gain will serve you well for the rest of your business — and personal — life.

So if you’re a would-be entrepreneur, set aside your business plan and work in sales for a year or two. If you’re a struggling entrepreneur, take a part-time sales job. Part of the reason you’re struggling is probably that because of poor sales skills.

“Knowing what my sales skills are and the products that I am able to sell,” Cuban said, “I think I could find a job selling a product that had enough commissions or rewards for me.”

And that would generate enough seed money to let him start his own business… and let him use his sales skills to make money for himself, not for an employer.

Successful business owners — successful people in general — spend the majority of their time “selling.”

Learn how to sell.

It’s the best investment you will ever make.

Conclusion

Liked what you’ve read or seen so far?

Why not share with me in the comment box below what’s your thoughts…

Or which entrepreneur you would like to know more about in the near future.

I will be more than happy to hear your feedback.

Liked this? Want my 1:1 help? Claim your FREE 30 minute Income Kickstarter Strategy Session – Click here.

About The Author

Your Millionaire Mentor
Shaqir Hussyin

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Shaqir Hussyin is the founder and CEO of WealthAcademy.com & Funnels.com. Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available: Max Income System; 14 Simple Steps To Making Your First First Income Online

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader. Shaqir’s work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.

How To Align Your Business Goals To Multiply Success

Achieving and multiplying success in business requires operating many different vital areas. To pull this off, you must align your business goals.

In other words, your branding, marketing and sales efforts must be cohesive, and work in unison to produce the desired results.

You must carefully and deliberately combine these crucial aspects of your business with specific purpose and measurable outcomes.

Many leaders don’t clarify with their teams how branding, marketing and sales should work together.

But it’s a must if you want to grow your business and scale your profits.

Once individual roles and goals are defined, everyone can pull toward the vision and execute with focus.

Here are some things to consider:

Branding:

When building your brand, you need to figure out how you want the potential customers to perceive your business.

However, before you can answer that question, you need to be clear on WHO those customers are.

The more precisely you can define your target audience, the better. Clarity is crucial here.

For instance, sometimes you’ll need to brand for a very specific, niche group of customers, not to the entire market.

Knowing exactly who you want to target is essential, not just for branding, but for marketing and sales as well.

It will allow you to hone in on your ideal customers, and build a brand that appeals to them.

You want to incorporate the core values into your brand that your target audience stands behind.

Also, when branding and marketing to a specific audience, make sure to do it in a language they speak and understand.

Then, craft your written, spoken, and visual messages accordingly.

Remember, customers are the lifeblood of your business. By showing them that your brand is build around helping them solve their burning problems or achieve a certain goal, you’ll forge a deep, meaningful connection.

This will ensure that your brand stays top of mind, and help you build brand equity.

There are several different strategies you can employ while building your brand:

  • Name Branding  – This strategy revolves around branding your company as a whole. Generally, it involves creating a logo, choosing specific colors that represent your brand, and even slogans. The idea behind it is to create a memorable brand your audience can easily identify and relate to.
  • Individual Branding– This strategy takes a slightly different approach. Instead of putting the spotlight on the company, you’re essentially branding yourself. There are several merits to choosing this approach. First, companies may come and go, but YOU stay. If you’re an entrepreneur, you will greatly benefit from branding yourself and being recognized as an expert and an authority in your field.
  • Attitude Branding – Some brands promote a certain attitude towards their customers, and are recognized and loved for it. This strategy can and should be used in conjunction with other branding strategies, to further develop the relationship between your business and your customers. In essence, you want to show the customers that you care. You shouldn’t be in it just for the sale. You must let them know that you genuinely want to improve their lives with your product/service.

Marketing:

Your marketing efforts should have a clear connection to your branding.

Although technically two different areas, both branding and marketing aim to introduce people to your business.

They are interwoven and inseparable. Therefore, your marketing and branding messages need to look and sound the same.

Every aspect of your communication—web content, social media, news releases, etc.—should move together and be smoothly synchronized.

The way you address your customers in your ads, social posts, emails, and calls… Everything needs to give off the same vibe and send the same message.

A successful marketing strategy needs to incorporate what you know about your business and about your audience.

For instance, you know all there is to know about your product. And you’ve done your research and know exactly who the people you want to sell it to are.

Now, you need to combine these 2 aspects in your marketing strategy. How?

Simple – instead of focusing on the product features, explain to your audience what the product can do for them.

Talk about the main benefits they will receive. Also, weave in the core values of your brand into your marketing messages.

Next, think about how you’re going to deliver your message.

What marketing channels are you going to use? You want to display your messages where your audience is!

For example, if there’s spending the majority of their time on Facebook, that’s where you should advertise.

Or maybe they prefer video content. In that case, you should work on your YouTube presence…

Once you’ve developed branding and marketing strategies, you should create tools for your team to use during sales presentations.

Sales:

Once again, your sales tools need to match with your branding and marketing efforts.

Your toolkit should contain pieces that complement one another. Pull out these two pieces for this customer, a different pair to suit a different one.

From PowerPoint slide sets to elevator speeches, all of your sales tools should be mined from branding and marketing research.

What this means is that, in the final stage, your message mustn’t deviate from your previous efforts.

While leveraging different sales tools, always keep in mind that you want to use the same branding and tone of voice you previously used.

There shouldn’t be a sudden change in your message, voice, or attitude. If you’ve opted for a softer approach, don’t give in to temptation to start being pushy, just to close the sale.

The audience can even pick up on subtle differences in your approach. So, make sure that you stay true to your brand and marketing message even in the final stage.

Additionally, the data from audience research and your marketing efforts will be of huge help here.

By now, you should have a clear view of who your target audience is and what it is they expect from your business.

That said, you’ll notice that different people have different buying requirements and varying levels of knowledge and interest.

You can use this to your advantage and create subsets of your audience – and promote different content and offers to them.

Layering your offers will help you market more effectively, and reach the right people with the right message, at the right time.

You should have entry, mid, and top-level offers, as well as content that complements them.

This will enable you to address each and every customer according to where they are in your funnel, and ultimately – maximize your revenue.

When you are intentional about your business development and carefully arrange all of the moving pieces, you will see real improvements.

Liked this? Want my 1:1 help? Claim your FREE 30 minute Income Kickstarter Strategy Session – Click here.

About The Author

Your Millionaire Mentor
Shaqir Hussyin

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Shaqir Hussyin is the founder and CEO of WealthAcademy.com & Funnels.com. Nicknamed the “Backpack Millionaire”, he’s invested $350,000 into his own education and training. Whilst traveling to 100+ countries, Shaqir has built over 10+ million dollar brands and attracted over 500,000+ subscribers.

His signature program is now available: Max Income System; 14 Simple Steps To Making Your First First Income Online

Shaqir is also a highly sought-after speaker and direct response “Sales Funnels” global leader. Shaqir’s work has impacted over 100,000 businesses in 65 different countries. Connect with Shaqir on Instagram, YouTube, LinkedIn & FB Group.