There’s No Perfect Decision

Summary

• When you're young, you might think choosing the first job is a big risk, but in reality, you'll change jobs frequently.
• Many people worry about finding the perfect business to start, but the truth is nearly all entrepreneurs will start more than one business in their lifetime.
• Each business you start teaches you what you prefer and enjoy, and it typically takes starting a few businesses before achieving significant success.
• Initially, most entrepreneurs are not aiming for huge profits; they are often just trying to recoup their losses.

Video

How To Take Action

I would suggest you start by taking the pressure off yourself when choosing your first job or business. Remember, it's normal to switch jobs often when you're starting out, and most entrepreneurs don't begin with their biggest success. Here's what you should do:

• If you're picking a job, think of it as a learning experience, not a lifelong commitment. What skills can you gain? What kind of work do you enjoy? Use this job to discover these answers.
• When deciding on a business idea, just jump in and start small. Your first business isn't likely to be your last. The goal here isn't to hit a home run right away; it's to learn what you're good at and what you love doing.
• Every business teaches you something. Keep a journal. Write down what's working and what's not. This will help you find patterns and decide what to do next time.
• Start with low-cost ideas that don't require much money to begin. This way, if things don't work out, you haven't lost much, and you can try again.
• Focus on getting enough sales to cover your losses at first. Once you can do that consistently, then you can think about making big profits.

By following these steps, you'll learn through experience and keep improving. This approach can lead you to success without huge risks and with plenty of room for growth.

Quotes by Alex Hormozi

"when you're younger you feel like the biggest risk you take is like what job you're going to start at"

– Alex Hormozi

"you change jobs a lot when you're younger"

– Alex Hormozi

"have fears about like finding the perfect business that you're going to start"

– Alex Hormozi

"99.9% of entrepreneurs start multiple businesses in their career"

– Alex Hormozi

"most of the time you just try and cover your losses"

– Alex Hormozi

Full Transcript

when you're younger you feel like the biggest risk you take is like what job you're going to start at but you change jobs a lot when you're younger you also like have fears about like finding the perfect business that you're going to start 99.9% of entrepreneurs start multiple businesses in their career what happens is you actually learn from each business what you liked and it usually takes a few before you like make it big you know most of the time you just try and cover your losses