Advice to Young Entrepreneurs
Summary
- If you're facing a period of uncertainty in your business, recognize it as a season for determining a new direction because the current one may not be yielding the desired outcomes.
- Understand that it's normal for a business to evolve as it grows; it can feel bigger and different from when it started, demanding you to reassess your objectives and strategies.
- The process of figuring out a new direction can be time-consuming, but it's crucial for the health and future of your business; invest time in this phase thoroughly.
- Once you've gained clarity on the direction you need to take, it's time to switch gears and focus on execution; clear direction allows for faster movement.
- Moving quickly with a clear focus can help build momentum in your business, which can propel you forward and contribute to greater success.
Video
How To Take Action
I would suggest recognizing when your business feels different or isn't going as planned. Think of this time as an opportunity to find a better way to do things. It might be hard at first, but it's really important for your business to grow strong.
Make sure you take time to figure out what your new goals should be. It doesn't matter if it takes a while, because it can really help your business in the long run. So, don't rush it!
When you know what your new plan is, get ready to move fast on it. Being sure about what you want to do means you can zoom ahead without second-guessing yourself. This helps you get things done quicker and makes your business pick up speed.
Let me tell you, when your business starts moving fast, it's like rolling a snowball down a hill. It gets bigger and bigger and goes faster — that's how you can make your business super successful!
Here's what to do:
- Look at how your business is doing and ask yourself if it's time for a change.
- Spend time thinking about what your new objectives should be. Don't worry about how long it takes.
- Once you have your new plan, start working on it with a lot of energy.
- Keep going and watch your business grow faster and stronger.
Remember, it's okay to change directions. This is part of growing a business. So take your time, then go for it!
Quotes by Leila Hormozi
"are you in a season where you need to decide on a different direction because maybe things aren't working super well"
– Leila Hormozi
"or are you in a season where you have a good direction and you just need to execute"
– Leila Hormozi
"last quarter and the quarter prior I was in a season of trying to figure out directions"
– Leila Hormozi
"so much has changed since we started this business like it feels bigger than it was before"
– Leila Hormozi
"when you're clear you can go fast and then when you go fast you get more momentum"
– Leila Hormozi
Full Transcript
are you in a season where you need to decide on a different direction because maybe things aren't working super well or are you in a season where you have a good direction and you just need to execute last quarter and the quarter prior I was in a season of trying to figure out directions so much has changed since we started this business like it feels bigger than it was before and so what is that going to look like and then once I decided it was just like back into execution because I'm clear and so when you're clear you can go fast and then when you go fast you get more momentum