My Hardest Point In Business

Summary

• Business is always hard; the challenges just change as you grow.
• If you keep growing, there will always be a constraint in the business.
• Constraints show a skill deficiency between you and what you need to grow.
• Skill deficiencies usually feel like, "I need to do this, but I don't know how."
• As long as you are growing, you will continue to feel the pain of not knowing what to do next.
• You will always be in a mode of acquiring new skills.
• The stakes get bigger over time: making a $1,000 mistake, then a $10,000 mistake, a $100,000 mistake, and eventually million-dollar mistakes.
• Every mistake at any level hurts, and the pain doesn't lessen, it just shifts.

Video

How To Take Action

I would suggest implementing the following strategies to tackle the challenges and constraints in your business or personal growth journey:

Recognize Growth Challenges

First, acknowledge that business growth or personal development will always be challenging. Don't expect things to get easier as you progress. Instead, be prepared for different kinds of difficulties at each stage.

Identify Skill Gaps

Look for areas where you feel stuck or uncertain. These are your skill gaps. Make a list of these deficiencies. For example, if you need to improve your marketing skills or financial management, write it down.

Focus on Skill Acquisition

Once you've identified your skill gaps, dedicate time each day or week to learning. Use free or low-cost resources like YouTube tutorials, podcasts, or online courses to build these skills. Focus on one skill at a time to avoid feeling overwhelmed.

Learn from Mistakes

Accept that mistakes are part of the process. When you make a mistake, analyze what went wrong and what you can learn from it. The key is not to avoid mistakes but to learn from them quickly and cost-effectively.

Build Incrementally

Start with low-stakes projects to practice new skills. For instance, if you're learning a new sales technique, try it out with smaller clients before rolling it out broadly. This reduces the impact of failure and builds your confidence.

Maintain an Adaptive Mindset

Stay open to change and be ready to pivot. The pain of not knowing what to do next will always be present, but it's a signal for growth. Embrace this discomfort as an opportunity to learn.

Network and Seek Mentorship

Surround yourself with people who have been where you want to go. Join business communities or online forums. Seek mentors who can provide guidance and help you navigate your skill gaps more efficiently.

By focusing on these strategies, you can continuously grow without getting overwhelmed by the changing challenges at each stage of your business or personal journey.

Full Transcript

what was your like hardest kind of point in business would that be like 10K Mark 100K Mark million Mark honestly dude it's all hard it's just different so if you're hoping that it gets easier it won't the heart will just change cuz fundamentally think about this one if you were growing you will always have a constraint of the business if there's a constraint of the business it means there's a skill deficiency between you and what you need in order to grow and skill deficiencies typically manifest as pain you're like I really need to do this and I don't know how and so as long as you're continuing to grow you will continue to have that that same pain of not knowing what you're doing and so you will always be in skill acquisition mode the stakes just get bigger like you make your first ,000 mistake you make your first $10,000 mistake $100,000 mistake your first million dollar mistake it just keeps going and I promise you that every one of them hurts