why 95% of people fail when starting AI businesses (simple fix)

Summary

In this video, Liam Moley addresses the common issue of people feeling overwhelmed when starting AI businesses or automation agencies. He emphasizes the importance of starting small, learning the basics, and not trying to do too much too soon. Liam suggests focusing on one area to become a specialist in, and recommends his free community Q&A and school community for support. He also discusses the analogy of 'taking weight off the bar' in entrepreneurship, similar to weightlifting, to avoid biting off more than one can chew. The video provides actionable advice for beginners to build a solid foundation before scaling up their AI ventures.

Takeaways

• 📉 Overwhelm is a common issue for those starting AI businesses or automation agencies, often due to trying to do too much too soon.
• 🗣️ Liam Moley emphasizes the importance of not trying to learn all tools at once but focusing on mastering one to avoid information overload.
• 🏋️‍♂️ The analogy of 'taking weight off the bar' in weightlifting is used to illustrate the need to start small and gradually increase complexity in entrepreneurship.
• 👨‍🏫 Moley suggests starting with a basic skill set and learning the fundamentals of AI automation platforms before scaling up.
• 📚 He recommends dedicating time, possibly 3 to 6 months, to learn technical skills and become proficient in a specific area of AI.
• 🎯 The advice is to specialize in one area initially, such as becoming a Make.com or Zapier ecosystem expert, to build a solid foundation.
• 🔗 Moley provides a link to a video that outlines five different areas to specialize in and a school resource for a step-by-step learning plan.
• 🤝 After gaining proficiency, he advises engaging with the school community to offer services and connect with potential clients.
• 📧 Utilizing 'warm outreach' to pitch services to personal contacts is another strategy Moley suggests for gaining business traction.
• 🚀 The script concludes with an encouragement to start with an 'empty bar', learn the basics, and then progressively take on more complex challenges.

Q & A

What is the most common issue Liam Moley sees in people starting AI businesses?

The most common issue is people becoming overwhelmed and trying to do too much too soon, leading to failure or lack of success.

What advice does Liam give to those feeling overwhelmed with starting an AI business?

Liam advises to start small, focus on learning the basics, and not to try to learn all the tools at once.

What is the gym analogy Liam uses to explain entrepreneurship?

Liam uses the gym analogy where beginners should start with an empty bar (basics) to avoid being overwhelmed, similar to starting an AI business.

What does Liam suggest as a timeframe for beginners to achieve their goals in the AI space?

Liam suggests a timeframe of two years, which allows beginners to take a different approach and start with learning skills first.

What is the main takeaway Liam wants to convey about starting in the AI space?

The main takeaway is to 'take weight off the bar' by starting small, learning the basics, and not trying to do too much at once.

What resources does Liam recommend for learning technical skills in AI automation?

Liam recommends a complete video on learning AI automation platforms and a school community with free resources for learning.

What is the strategy Liam suggests for becoming proficient in AI automation?

Liam suggests focusing on one area, becoming a specialist in that area, and then slowly adding more skills as proficiency increases.

How does Liam recommend promoting one's services after gaining proficiency in AI?

Liam recommends advertising services in the school community, engaging with people, and using warm outreach to pitch services to one's network.

What is the 'school community' Liam mentions and how can it help beginners?

The 'school community' is a free community where beginners can learn, engage with others, and advertise their services to find clients.

What is the significance of the 'empty bar' in Liam's advice for beginners?

The 'empty bar' signifies starting with the basics and mastering them before moving on to more complex tasks, which is crucial for long-term success in entrepreneurship.