In the Beginning…

Summary

• When starting out as an entrepreneur, you often have no money but lots of time.
• You need to learn everything yourself initially because there’s no budget to hire help.
• Once you have some money, invest in buying other people’s time.
• Don’t just buy their labor; buy their years of experience too.
• Hiring someone with 10 years of experience saves you from making the same mistakes they did.
• This allows you to start at year 10 of their career experience rather than at day zero of yours.

Video

How To Take Action

I would suggest implementing these strategies to maximize your growth, whether you're a small business, an entrepreneur, or focused on personal growth.

Leverage Your Time Wisely

When starting out, you likely have more time than money. Use this time to learn and master the basics. There are countless free resources online—blogs, webinars, and YouTube tutorials—that can teach you everything from marketing to financial management. Dedicate an hour a day to learning, and implement these lessons immediately in your business or personal projects.

Invest in Experience

Once you start generating some revenue, reinvest that money to buy other people's time and, more importantly, their experience. Hiring someone with several years of industry experience means you're not just paying for their hours; you're paying to avoid the mistakes they made in the past. This can fast-track your progress by years. For example, if you can afford it, hire a seasoned marketing consultant even for a few hours a week. Their insights could be game-changing.

Micro-Mentorship

Look for opportunities to get mentorship on a low-cost basis. This could be through local business groups, online communities, or networking events. The key is to find mentors who have been where you want to go. Their guidance can save you from costly errors and provide a roadmap to success.

Continuous Learning

Never stop learning. As your business grows and evolves, so should your knowledge base. This could be through more formal avenues like courses and certifications or informal ones like reading books and following industry leaders on social media.

By applying these strategies, you position yourself to avoid beginner mistakes and leverage expertise to accelerate your growth.

Full Transcript

in the beginning when you're entrepreneur you have no money and you have lots of time and so you have to learn everything in order for anything to get done but once you have a little bit of money you buy other people's time it's not even buying their time from a labor perspective I want to buy the time you put in before here I want to buy the 10 years of experience so that I don't have to make the mistakes that the two other companies you worked at made I want you to come in with those Solutions so we can start at year 10 of your career rather than at Day Zero of mine