Nearly 1,700 people are becoming Millionaires Every single day.
But 95% of the new entrepreneurs are still making mistakes that end in failure.
Here are 5 mistakes I see them making.
1. Not creating enough content.
The last century was the age of Oil when it was called Black Gold.
Today we have a new age.
Today attention is the new gold.
To build generational wealth, you need to be gathering and leveraging attention.
Start posting your knowledge onto social media platforms.
2. Not building a personal brand.
Picking up from the previous point.
Having your own corner of the internet is extremely valuable.
• It builds trust
• Makes you the go-to
• Positions you as an authority
You can make it online.
3. Over-glorified jobs.
More often I see people saying they do these cool things for a living
When in reality they’re just over-glorifying their job.
What’s worse
They do this to avoid the responsibilities of owning a business.
Start a business.
4. Not hiring soon enough.
As entrepreneurs, knowing about every aspect of your business is important.
Because if you can’t do it yourself, you can’t trust someone to do it well for you.
But A human is only capable of so much alone.
Delegate time-consuming work as soon as possible.
Doing everything alone will backfire.
5. Confusing growth and scale.
Growth is when the revenue & profits you’re generating is in ratio with your expenses.
Scale is when you drastically increase budget and spending
Expecting a profit in the future.
When starting out, you need to be focusing on growth.
If you got value from this thread, share the 5 mistakes with others.
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