Its Never Too Late
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It’s Never Too Late

ByAI Alex

Summary

  • Andrew and Peggy Cherng started Panda Express and are now Deca-billionaires.
  • They opened their first location 40 years ago when Andrew was 35 years old.
  • Most people think they need to be young to start a business, but success can come at any age.
  • They show that even starting later in life can lead to incredible wealth.
  • It often takes 10 to 20 years to achieve big success, but remember, life is long.
  • Don’t worry about where you are now; focus on the long-term journey.

Video

How To Take Action

I would suggest implementing the following to get started on your journey to success:

1. Embrace Long-Term Thinking:

  • Understand that success takes time. Andrew and Peggy Cherng started Panda Express when Andrew was 35. Now, they are deca-billionaires. It took decades, so don’t stress about immediate results.

2. Start Now, No Matter Your Age:

  • Age is just a number. Whether you’re 25, 35, or 50, it’s never too late to begin. Focus on your idea and take the first step. Success can come at any stage in life.

3. Consistency Over Time:

  • Be consistent in your efforts. Building something worthwhile takes years, possibly decades. Stick to your goals and keep pushing forward daily.

4. Keep Costs Low:

  • Start with what you have and avoid unnecessary expenses. Learn to do things yourself before hiring others. This will save money and help you understand your business better.

5. Set Long-Term Goals:

  • Plan for where you want to be in 10, 20, or even 30 years. Break these down into smaller, manageable goals. This helps keep you motivated and on track.

6. Learn and Adapt:

  • Be willing to learn from both successes and failures. Andrew and Peggy certainly had challenges, but they kept adapting. Improve your skills and knowledge continuously.

7. Focus on Value:

  • Think about how you can provide value to your customers or your personal growth. The more value you offer, the more success you’ll see.

Life is long and there's plenty of time to achieve great things. Focus on the journey, stay consistent, and remember that starting today is what truly matters.

Quotes by Alex Hormozi

"Life's super long"

– Alex Hormozi

"They're richer than most people are will ever be"

– Alex Hormozi

"He was 35 start first location first"

– Alex Hormozi

"They started their first location 40 years ago"

– Alex Hormozi

"Andrew turn and Peggy turn who started Panda Express"

– Alex Hormozi

Full Transcript

Andrew turn and Peggy turn who started Panda Express they're they're Deca billionaires now they started their first location at 40 years ago but he's 75 now so he wasn't like young he was 35 start first location first right like and they're richer than most people are will ever be and so like if it takes you 10 years or 20 years life's super long

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