Earning $30k/month as a 21 Year Old Student with AI Automation - Khushpreet

Summary

In this inspiring conversation, a 21-year-old entrepreneur shares their journey of balancing college with running an AI-focused business. After dropping out of university, they went all in on building their agency, finding success in a niche catering to restaurants. They aim to scale their business to $100K per month within a year while juggling college and managing a demanding workload. With a strong mindset of speed, efficiency, and patience, they believe their potential is limitless and offer valuable advice to aspiring entrepreneurs about taking swift action and trusting the process.

Takeaways

• 😀 Dropped out of university with 6 months left to pursue entrepreneurship, feeling more passionate about building something of their own than finishing a degree.
• 😀 They didn't want a fallback plan (degree) in case their business failed, choosing to fully commit to their entrepreneurial journey.
• 😀 Balancing university and work made their daily life hectic, with long hours and little time for rest, often staying up late to manage responsibilities.
• 😀 Emphasizes the importance of speed in business—working quickly to realize areas where they can improve and pushing themselves to do more each day.
• 😀 Struggles with patience but sees it as a key lesson—learning to accept that things take time but also understanding the need for quick action in business.
• 😀 Developing a mindset of always working faster, believing that their potential can be amplified through increased work efficiency and output.
• 😀 The individual plans to scale their AI-driven agency to $100K/month and aims to prove to their parents that success can be achieved without a degree.
• 😀 They intend to launch their personal brand to attract more clients and build a stronger business presence in the future.
• 😀 Confidence comes from pushing themselves to do more and believing in their ability to achieve ambitious goals, such as scaling to $1M/month in the future.
• 😀 They advise others considering the 'real world' program to invest $50/month, as it's a small cost that can yield significant returns when done with speed and dedication.
• 😀 Plans a follow-up in six months after completing their degree to show the progress made, with a target of reaching $100K/month by that time.

Q & A

Why did the speaker decide to drop out of university?

The speaker decided to drop out with six months left in university because they realized they wanted to build something of their own. They had been using university as a backup plan but found the real world more aligned with their ambitions.

How does the speaker feel about having a backup plan?

The speaker does not want to have a backup plan. They believe that keeping a backup option in the back of their mind could hinder their focus on their primary goal, which was to build their business.

What is the speaker's main business focus at the moment?

The speaker's main business focus is providing AI systems to restaurants, which they see as a profitable niche. They plan to scale this business while also exploring other industries if opportunities arise.

What does the speaker plan to do to scale their business?

To scale their business, the speaker plans to start their personal brand, hire employees to handle some of the workload, and continue building their outreach system to attract more clients.

How does the speaker handle the workload of running a business while still attending university?

The speaker struggles with balancing the two, finding it challenging to juggle college and work. They often have to skip meals due to their hectic schedule but remain committed to both their studies and business.

What lessons has the speaker learned from being so busy with college and work?

The speaker has learned to be patient and work with speed. They emphasize that while they may feel impatient at times, it is important to understand that everything happens for a reason, and fast action is essential to achieve success.

What mindset does the speaker emphasize in terms of work speed?

The speaker emphasizes the mindset that the faster you work, the quicker you realize you're not working fast enough. This mindset encourages them to push themselves constantly to achieve more and work harder.

What are the speaker’s long-term goals?

The speaker’s long-term goals include scaling their agency to at least $100K per month, proving to their parents that success can be achieved without a degree, and continuing to grow their personal brand.

How does the speaker view the value of joining 'the real world' program?

The speaker views the 'real world' program as a worthwhile investment, claiming that the $50 monthly cost is minimal compared to the fast returns that can be achieved. They believe the community and lessons provided are highly valuable.

What advice does the speaker give to people who are unsure about joining 'the real world' program?

The speaker advises people to get started as soon as possible, as waiting for the 'right time' will only delay progress. They also highlight the value of the program, stressing that $50 is a small price to pay for the potential to make significant returns.