Making Money Was Not My Problem

Summary

• I've learned that once you start making money, the new challenge is figuring out where to put it.
• Your fears evolve from worrying about starting something to maintaining it and the potential to fail in front of others.
• Realizing you can start a venture isn't enough; the real test is sustaining it over time.
• There's a greater risk involved in keeping a business going due to the larger investment of time and resources compared to just starting it.

Video

How To Take Action

I would suggest starting with evaluating where your money is going. It's important to keep track of your expenses and see where you can cut costs. This doesn't require much time or money, but it can save a lot.

When it comes to fear of maintaining your business, I'd say don't let it control you. Focus on what made you successful at the start. Keep doing those things that work and always look for new ways to improve.

A good way of doing this is by setting small, achievable goals. This makes the bigger picture less scary. And when you meet these goals, it gives you the confidence to tackle bigger challenges.

Remember, sustaining a business is like running a marathon, not a sprint. Pace yourself. Put in consistent effort over time, this is key to long-term success. Reducing costs, focusing on continuous improvement, and facing your fears one step at a time will help you keep your venture thriving with manageable investment.

Also, always reinvest in your business wisely. Ask yourself what investments will help grow and sustain your venture over time. These could be new tools, marketing strategies, or improving a product. Pick one or two things that you think will bring the most value and start with them.

Lastly, talk to others who have been in your shoes. Find mentors or join communities. You'll learn a lot from their experiences and get support. Remember, you're not the only one who has faced these challenges.

Quotes by Leila Hormozi

"Making money was not my problem"

– Leila Hormozi

"All of a sudden your fear shifts from can I even start this to can I even keep this"

– Leila Hormozi

"It goes from the fear of will I ever succeed to the fear of what if I fail and they all see me"

– Leila Hormozi

"The fear is still there, it just switches"

– Leila Hormozi

"There's a lot more at stake to keep something going because you've invested a lot more than to get it started"

– Leila Hormozi

Full Transcript

I realized that making money was not my problem knowing what to do with the money where do I even put it now that I've made it all of a sudden your fear shifts from can I even start this to can I even keep this it goes from the fear of will I ever succeed to the fear of what if I fail and they all see me and so the fear is still there it just switches now you know that you can get something started the question is can you keep it going and I would argue that there's a lot more Stakes to keep something going because you've invested a lot more than they are to get it started