My business blew up when i started thinking like this
Summary
TLDRIn this video, the speaker emphasizes the importance of independent thinking for business growth. They share their experience with online courses, acknowledging their value for beginners but cautioning against blind adherence to instructions. The speaker advises identifying market gaps, adapting pricing models, and being a problem solver. They highlight the need to take risks and innovate, rather than simply following the crowd or guru advice. The key takeaway is that success in business requires personal initiative and the courage to think and act differently, especially as markets become more saturated.
Takeaways
- 🧠 Think for yourself when growing a business; don't just follow step-by-step instructions.
- 📚 Online courses provide fundamentals but may not teach you how to adapt and think critically.
- 💡 Identify market gaps and adjust pricing models based on data you collect.
- ⚠️ Be wary of blindly following advice from online courses as many others may be doing the same.
- 🎯 Success often requires adapting and problem-solving, not just following predefined paths.
- 📈 Courses are beneficial for beginners to learn basics but thinking independently is crucial for long-term success.
- 🔄 Constantly pivot and innovate as the market changes and becomes more saturated.
- 🚀 Take calculated risks; money often follows those willing to take risks and adapt.
- 👀 Pay attention to your competition initially but then focus on your unique approach.
- 💬 Use online education as a base but develop your strategies and solutions.
Q & A
What is the main advice the speaker gives for growing a business?
-The main advice given by the speaker is to think for oneself when growing a business, rather than just following step-by-step instructions from courses.
Why does the speaker emphasize the importance of independent thinking in business?
-The speaker emphasizes independent thinking because business is not as simple as following instructions, and one must identify market gaps and adapt strategies based on collected data.
What is the speaker's view on the effectiveness of online courses for business growth?
-The speaker believes that while online courses can provide a good starting point and teach the fundamentals, they may not be sufficient for long-term success due to market saturation and the need for unique strategies.
What does the speaker suggest is a common mistake made by beginners in business?
-The common mistake suggested by the speaker is that beginners often rely too heavily on following instructions from courses without developing their own problem-solving skills and adaptability.
According to the speaker, what should one do after taking basic courses in business?
-After taking basic courses, one should start thinking for themselves, identifying opportunities, and adapting to changes in the market rather than just following the course instructions.
What is the speaker's opinion on the role of luck in business success?
-The speaker acknowledges that luck can play a part, especially if one enters the right industry at the right time, but emphasizes that long-term success requires more than just luck.
How does the speaker describe the evolution of their own business approach?
-The speaker describes a shift from following standard practices taught by gurus to thinking independently, taking risks, and adapting to market changes.
What is the speaker's advice regarding competition in the market?
-The speaker advises to initially observe and learn from the competition, but then to stop looking at what they are doing and start thinking independently to find unique solutions.
What lesson did the speaker learn that significantly impacted their business growth?
-The speaker learned that 'Money Follows Risks' and taking calculated risks, rather than following safe, well-trodden paths, can lead to greater success.
What is the speaker's stance on the role of gurus and mentors in business?
-The speaker appreciates the value of gurus and mentors for foundational knowledge but stresses the importance of developing one's own thinking and not relying solely on their advice.
What does the speaker suggest for those who have been in business for a while and are looking to grow?
-For those who have been in business for a while, the speaker suggests unfollowing gurus, thinking independently, and taking risks to find new and effective strategies.
Outlines
🤔 The Importance of Independent Thinking in Business Growth
The speaker emphasizes the necessity of thinking for oneself when growing a business. They share their personal experience of initially relying on courses that provided step-by-step instructions but later realizing that business success requires more than just following instructions. The speaker advises identifying market gaps, adjusting pricing models, and making decisions based on collected data. They caution against blindly following online courses without considering the unique aspects of one's own business and market conditions. The speaker also points out that while courses can provide valuable fundamentals, especially for beginners, it's crucial to be a problem solver and adapt to market changes.
🔄 Adapting to Market Changes and the Role of Risk in Business
The speaker discusses the challenges of market saturation and the need to pivot strategies as the market evolves. They share their own experiences with staying in the same market for an extended period and the importance of taking risks, such as changing pricing models and marketing strategies. The speaker encourages viewers to disregard competitors and think independently, drawing a parallel to Elon Musk's approach to rocketry. They stress that money follows risk and that opportunities with less competition are more likely to be profitable. The speaker admits their past reluctance to take risks due to financial insecurity but acknowledges that taking calculated risks has led to success in their business.
🚀 Embracing Risk and the Journey to Independent Business Thinking
The speaker recounts their journey from following general advice from gurus to taking significant risks that have been rewarded. They highlight the importance of making independent decisions, such as changing the pricing model and marketing approach of their agency, despite the fear of failure. The speaker reflects on their initial reluctance to take leaps of faith and how that mindset did not lead to success. They advocate for a balance between listening to advice and thinking independently, especially as one gains more experience in the business world. The speaker concludes by warning against the dangers of blindly following gurus and encourages viewers to develop their own thought processes for making money.
Mindmap
Keywords
💡Think for yourself
💡Courses
💡Market saturation
💡Risk
💡Gurus
💡Adaptation
💡Fundamentals
💡Opportunities
💡Problem-solving
💡Experimentation
Highlights
The importance of thinking for oneself in business growth.
Courses provide step-by-step instructions but are not always applicable to every business situation.
Business requires identifying market gaps and adapting pricing models based on niche and customer data.
Online courses often provide outdated information as they are based on past data.
The necessity to adapt to market changes and think independently for long-term business success.
The potential pitfalls of following generic advice without considering the current market saturation.
The value of taking risks and adapting to the market for better business outcomes.
The speaker's personal experience with online courses and their limitations.
The shift from following recommended practices to thinking independently led to business growth.
The need to pivot and find new strategies as the market becomes more competitive.
The advice to disregard competition and focus on independent thinking for innovation.
Elon Musk's approach to problem-solving as an example of independent thinking.
The speaker's realization that money follows risks and the importance of taking calculated risks in business.
The idea that opportunities with less competition are more likely to be profitable.
The importance of not following the crowd and finding one's own path in business.
The speaker's transition from relying on gurus to making independent decisions for business growth.
The advice to listen to gurus but also to develop one's own critical thinking skills.
The conclusion that thinking for oneself is essential for business success and growth.
Transcripts
hey everyone I hope you're doing well so
in this video I want to share an advice
that I believe to be really valuable
when you want to grow any sort of
business and that advice is to think for
yourself and the reason why I want to
give that advice is because when I first
started with my business you know I've
bought a lot of courses and courses give
you this kind of step-by-step
instruction like step one do this step
two do this step three do this and
although it's really good you know in
order for you to get started because you
get some instructions you also got to
also understand that business is not as
simple as just following instructions
you got to think for yourself you got to
identify the gaps in the market you got
to change the pricing models depending
on you know your Niche the customers you
got to you got to do a lot of things you
know that that that you can only change
based off the data that you collected
and any online course you're going to
get they're going to give you like data
based of that uh the data that um
they're going to give you sorry
instruction based of the data that the
guru collected like it's going to tell
you what worked for him but by the time
you watch the course you got to
understand that all the people watched
the course too you're not the only one
and and it's not it's just not that
simple you know you cannot just follow
simple instructions like that and get
results now unless you are lucky you
know if you get into the right industry
at the right time and um the industry is
not too saturated you might going to get
lucky and yes sure you might going to
buy the right course the right program
and all of a sudden you know you're
going to get great results just of
following those instructions so I'm not
making like
um I'm not trying to generalize you know
online courses and everything but you
need to you need to think for yourself
that's what I'm saying so if you if
you're a beginner and you're trying to
build like a business um courses are
great you know if you have no idea what
you're doing you never done any sort of
business before you want to get your F
in the door learn the basic the
fundamentals that's great but also keep
in mind that you got to you you got to
be a problem solver you got to see
opportunities when they arise and and if
you're blind to this and you're just
like let me just follow the step by
instruction that someone taught me
um I believe in my opinion that most of
the time it's not going to be as
efficient unless again you're at the
right time you got the right teacher
you're in the right Market you you you
basically got lucky you know maybe you
can get away with it but for how long
you know there's always going to be a
time the market is going to change and
you're going to have to adapt with it
and think so you know even if you do get
lucky you will still need need to learn
that skill to learn for
yourself and yeah like obviously you
know the the online education space is
getting bigger and bigger and that's why
you're getting a lot of courses and
gurus online and you got to be careful
because they make a lot of money of
people wanting to learn how to you know
travel the world while building their
business or you know just making good
money without having anyone without
working for anyone so because this isn't
such high demand there's a lot of Supply
in know um there's a lot of supplies for
like online education but please keep in
mind it nothing is as black and white
and you're going to have to really think
for yourself and that's like the moment
I learned that lesson is the moment that
my business starting to blow up um just
to give you a bit background so for me
personally I've always you
know you know purchased like uh online
courses
and they never really worked for me they
gave me the fundamentals they taught me
sales they taught me how to create as
they taught me technical things but they
didn't really tell me how to think and
and if they did tell me how to think
some of them did actually some of the
gurus taught me all the saying they they
they taught me that I needed to do that
but I I never did it and therefore I
always follow the the recommended PR
practices in the niche you know which is
you know like for me as an agency owner
owning like a marketing agency the
advice that I've been taught for a long
time was find one Niche one service
price it like this and and just scale
like this you know like with one Niche
one service and pricing it like this
but then I realized that it's really not
as easy because the more and more people
get into this and more and more people
are getting into you know online
businesses the more competition you have
and and the less things work you know
the more
people the less it works and you have to
Pivot you know as the market is changing
you have to Pivot and find ways around
so the things that has worked for me is
just staying in the same market for a
long period of time and more recently
it's been you know taking risks changing
the pricing model changing maybe the the
services maybe changing
what else have we changed yeah the
pricing model the the the marketing you
know the way you Market yourself and so
on like just doing things differently um
has been really helpful and I'm not
going to tell you exactly what I do
because I don't want the whole point of
this is that I've I had to think for
myself so I don't want like a necessary
competition and tell you exactly what
I'm doing that is working for my
marketing agency but the real advice
that I'm giving you is just screw the
competition whatever Market you're
in maybe it's fine to know what they're
doing when you're getting into it first
into it um watch what they're doing copy
it a little but as soon as you
can completely BW a competition don't
even look at what they're doing and just
think for yourself uh be kind of like
you be kind of like Elon mus was about
to say you know when he builds
Rockets he doesn't know what the hell he
doing there's a rocket launch it
fails it figures out why it failed and
it it fixes the problem and it launches
another rocket it blows up and so on
like keeps doing that but there's no
guru that taught Elon Musk okay this is
how you got to build Rockets Rockets
sorry um you have to think on its own
and it's the same for any business try
something it didn't work try something
else and so on and you going to you're
going to find something that works and
keep in mind that's a lesson that you
know took me a lot time to understand
but Money Follows risks and I think the
reason why a lot of people are not um at
least the reason why I personally didn't
really like to think for myself is
because I I thought okay I'm broke I
don't know anything so let me follow
what this rich guy says because he knows
it all and that's true to some extent
but you can't just be blinded as well
you know it's 50% listen 50%
think uh and and I S to myself look this
guy has so many testimonials so I I got
to listen exactly what he does and um
and yeah I want the path to leas
resistance so if he's got so many people
who he work with that he managed to help
um most likely if I do what he say
that's going to work and I I don't want
to figure it out I want like the passive
least resistance the pass of the the
least amount of risks possible but the
less risk there is in an opportunity and
the less likely it's going to work
because it means that it's saturated so
if if you watching There's an
opportunity that you have you know in
building any sort of business and the
past seems to be very well laid out be
careful because if it's very well laid
out it there's probably going to be a
lot of people following it you know it's
very unlikely that someone's going to go
where the path is uh blurry so I'm
trying to say is
here yeah risk the Money Follows risk
you know the more risk involved in an
opportunity and this probably means that
the more money there is because only the
brave will take that opportunity and and
and and and that means there's less
supply for whatever Market you know um
you choose so so therefore there's more
money to be make made um but again it
really comes down to you where you're at
in your journey I think so I'm not here
to say this is what you should do CU I
don't know you but I can tell you what
has worked for me so the first maybe
three through four years of business you
know I've been following you know gurus
listening videos do this do this do ah
it got some results but then the market
got so saturated because obviously these
gurus are getting bigger and bigger they
reached a bigger and bigger audience and
now now it's not like 10,000 people
following their advice it's like a
million so for me it's just like getting
I I would need to do the math but it's
probably 10 or 100 times harder for me
to get results
so so then you know the market is
changing because there's more Supply the
demand stays the same but there's more
Supply so the market is changing it's
getting more and more sophisticated and
and you got to find ways
to to do things differently basically
and and the second for me the second I
started taking risk and say okay this
this stuff is not working anymore maybe
it was working back then but now there's
too much competition so I got to do
something different and the guru is not
going to tell me you know cuz they have
no clue um they're not in my specific
market so I had to think on my own like
and and that those risks that I took
whether it's changing the pricing model
of my agency or whether it's um changing
the way we Market ourselves service we
the services we offer and so on those
big risks and leaps of Fai that I took
uh have been so far rewarded and that
was the first time really that I took
lips of faith in business because back
then I was always like no leap of faith
no let me do what's proven to work and
that
mindset didn't get me anywhere to be
honest um but I'm sure you'll find
someone that for whom that that worked
you know but just for me like following
blind
advice didn't work but follow following
general advice you know from
gurus and and then you know using that
as a base but just thinking on my own
and just changing things because I I
thought about it and even though I
didn't trust myself I I still told
myself okay I'm going to try as an
experiment and see how that works what
do I have to lose anyway and that that
that was rewarded that behavior was
rewarded and that's something that I'm
working on you know doing more often
because I just learned that lesson that
business uh money likes risks so yeah if
if you're not if you don't like Risk be
careful be careful because there's not
no such thing as a risk-free
opportunity there just no and if there
is that opportunity there's probably no
money to be made at least in the way you
think there's probably money to be made
if you think differently so I think
that's pretty much all I want to say in
that video think for yourself still
acknowledge you know what the guru says
it depends where you're at in your
journey if you're just starting I'm not
saying Dodge the courses and all that
that they're great to get started but if
you've been in the game for a little
bit unfollow all the gurus uh and
unfollow them literally that's what I'm
currently doing you know on Instagram
and think for yourself because gurus are
trying to sell you their thing they're
trying to make themselves rich and they
will tell you as much as they want
they're trying to make you rich as well
which on paper they do it doesn't mean
that their you know process is actually
going to help you and again I don't want
to make generalization and I've I've had
mentors that were great but you got to
have this part of your brain that can
think on its own too because making
money for for making money I I believe
that it is kind of required um so yeah
that's that's it for that video let me
know your thoughts on this in the
comments and uh yeah have a great day
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