6 lessons i learned making $100K/month at 26

Summary

In this video, the speaker reflects on the impact of self-doubt on their business journey, revealing how it has hindered growth despite early successes. They discuss the importance of mindset in scaling a business and stress the need to overcome self-limiting beliefs. The speaker also warns against comparing oneself to others, as it can lead to unnecessary distractions and dissatisfaction. Ultimately, the message is to align your business with your own values, stop seeking perfection, and focus on personal growth to unlock your full potential.

Takeaways

• 😀 Self-doubt can hinder business growth by making you overly conservative in reinvestments and decisions, limiting potential opportunities.
• 😀 Despite achieving success, the fear of not being able to maintain it can create a mindset of scarcity, which ultimately slows down growth.
• 😀 An abundance mindset is crucial for scaling both personal growth and business growth, allowing for more confidence in expanding and taking risks.
• 😀 The speaker's journey from zero to $100,000/month was achieved through hard work, but self-doubt prevented them from surpassing that milestone.
• 😀 Self-doubt creates a cycle where each success feels like a surprise, rather than a natural step in an ongoing process of growth.
• 😀 Mindset is a fundamental factor in achieving business success, and it's important to recognize and address limiting beliefs to unlock full potential.
• 😀 Comparing your business to others can create unnecessary pressure and lead to feelings of inadequacy, especially when external influences push for comparison.
• 😀 Many online business models are marketed as 'the best,' but what works for one person may not necessarily work for you. It’s important to align business strategies with your own values and lifestyle.
• 😀 Focusing on what you enjoy and the lifestyle you want is more important than endlessly seeking 'better' alternatives that may not align with your personal goals.
• 😀 The online space often portrays an unrealistic or incomplete picture of success, leading to the illusion of perfection. It's important to recognize that no one has it all figured out.
• 😀 Instead of focusing on others’ achievements or models, focus on your own journey, learning from your experiences and embracing what works best for you.

Q & A

What role does self-doubt play in the speaker's entrepreneurial journey?

Self-doubt has been a major factor in the speaker's journey, causing them to question their ability to maintain their achievements and slowing down their growth. Despite achieving significant success, the fear of losing it has led to a conservative approach in reinvesting and taking risks.

How has the speaker’s mindset affected their business growth?

The speaker's conservative mindset, fueled by self-doubt, has limited their ability to scale their business further. Instead of feeling excited about growth, they have felt fear and uncertainty, preventing them from making bigger investments in their business, which has ultimately slowed their progress.

What is the analogy the speaker uses to explain the impact of their mindset?

The speaker compares their mindset to running a marathon with ankle weights on. While it's possible to perform well with the added resistance, removing the ankle weights would immediately lead to far greater results, illustrating how addressing self-doubt can lead to significant improvements.

What is the significance of the 'abundance mindset' mentioned in the script?

An abundance mindset refers to the belief that there are enough opportunities and resources for everyone. The lack of an abundance mindset in the speaker's case led to fear of not being able to sustain success, which hindered their ability to take bolder actions in scaling their business.

How does comparison to others impact the speaker’s mental state?

The speaker notes that constant comparison to others, especially in the online business space, created feelings of inadequacy. Despite their own success, they often felt that others were doing things better, which distracted them from focusing on their own path and success.

What lesson does the speaker impart about comparing yourself to others?

The speaker advises against comparing oneself to others, as it can lead to unnecessary self-doubt and distraction. They emphasize that everyone faces challenges, and what others portray online is often only a small part of the overall picture, which may not align with one's own goals and lifestyle.

How does the speaker view other content creators and online business models?

The speaker acknowledges that many online business creators present their models as the 'best' or only option, often to market their own products or services. However, after exploring different models, the speaker realizes that success can be achieved through a variety of approaches, and the most important factor is aligning the business with one's own goals and lifestyle.

What is the speaker’s perspective on online portrayals of success?

The speaker critiques online portrayals of success, noting that many creators present a polished, idealized version of their lives, which is often misleading. These portrayals can create false expectations and comparisons, leading others to believe they should follow the same path, even if it doesn't suit them.

What is the speaker’s advice for maintaining focus on one’s own business?

The speaker advises focusing on your own work and the internal satisfaction it provides, rather than constantly seeking external validation or comparing yourself to others. They stress the importance of enjoying the process, serving clients well, and living a balanced life that aligns with your personal values.

How does the speaker feel about their own journey despite challenges?

Despite the challenges of self-doubt and comparison, the speaker acknowledges that they have achieved significant success, often surprising themselves. They are now focused on understanding how these internal struggles have impacted their growth and are taking steps to address them in order to scale further.