How to be an Entrepreneur as a Teenager in 2024
Summary
TLDRThe video script emphasizes the importance of habit formation and time management in achieving entrepreneurial success. It suggests that by identifying and eliminating bad habits, and leveraging the compounding effect of good habits, individuals can significantly improve their efficiency and productivity. The speaker shares personal experiences and strategies, such as 'monk mode', to illustrate how discipline and self-improvement can lead to financial success and personal freedom. The script encourages viewers to take control of their lives, break free from societal norms, and pursue their dreams with a focused mindset.
Takeaways
- 🎯 Focus is crucial for achieving significant financial success at a young age.
- 🚀 Entrepreneurship requires making small changes to yield remarkable results, especially in life habits.
- 🧠 Habits play a significant role in success, and 99% of people struggle with them.
- ⏰ Time equals money, and the top 1% are highly time-sensitive individuals.
- 🔄 Habit formation is a process that becomes more automatic with repetition, known as long-term potentiation.
- 📈 It takes approximately 18 to 21 days to form a habit, and awareness of this can help in personal development.
- ⏳ Time management is key; there are 168 hours in a week, and after accounting for sleep, work, and other activities, about 36 hours remain for personal development.
- 📚 Reading and self-development, along with starting a side hustle, can be part of a disciplined routine.
- 🚫 Identify and eliminate bad habits to make room for productive ones.
- 🧘♂️ Trying 'monk mode'—a disciplined lifestyle with meditation, exercise, and abstaining from alcohol and drugs—can lead to improved habits and business results.
- 💡 Entrepreneurship is about being ready for anything, taking responsibility, and having a mindset that embraces problem-solving.
Q & A
What is the key factor mentioned in the script that contributed to the speaker's success in achieving 10 million dollars by age 21?
-The key factor mentioned is focus, which involves making small changes in habits and life to achieve remarkable results in both business and personal life.
What does the speaker emphasize as a crucial concept for entrepreneurs?
-The speaker emphasizes the concept of habit formation and management, stating that 99% of people struggle with their habits, which play a significant role in their ability to seek out issues and increase efficiency.
What term does the speaker want the audience to remember throughout the video?
-The term the speaker wants the audience to remember is 'time equals money,' highlighting the importance of time management for successful entrepreneurs.
How long does it take, on average, to form a habit according to recent studies mentioned in the script?
-According to recent studies, it takes about 18 to 21 days to form a real habit.
What are some examples of bad habits that the speaker suggests identifying and addressing?
-Examples of bad habits include excessive scrolling on social media, partying too much, and spending too much time on video games or other distractions that prevent one from achieving their dreams.
How many hours per week does the speaker recommend for reading and starting a side hustle to improve one's chances of success?
-The speaker recommends 7 hours of reading and 10 hours of starting a side hustle per week.
What is the significance of the number 36 in the context of the script?
-The number 36 represents the hours per week (after accounting for sleep, meals, exercise, and work/school) that one can dedicate to developing new habits and chasing dreams.
What is 'monk mode' and how did the speaker's experience with it impact their habits and business results?
-Monk mode is a disciplined lifestyle involving daily meditation, mandatory exercise, and abstaining from alcohol and weed. The speaker tried it for three months and noticed improvements in both habits and business results.
What does the speaker suggest is the first step for anyone looking to start their own online business?
-The speaker suggests that the first step is to focus on oneself, make changes in one's habits, and break free from the constraints of the 'rat race' mindset.
What is the speaker's advice for those who are not yet successful in their entrepreneurial journey?
-The speaker advises that failure is a lesson and that one may go through several businesses before finding success. It's important to keep trying, identifying good and bad habits, and solving problems within the business.
How does the speaker propose to help those interested in learning more about entrepreneurship?
-The speaker offers to teach people how to create businesses and achieve freedom by joining their academy, which provides a team that teaches hundreds of people to change their lives.
Outlines
🚀 Achieving Success Through Focus and Habits
This paragraph emphasizes the importance of focus and habit formation in achieving financial success. It highlights the speaker's personal journey to earning 10 million dollars by age 21 and stresses the need for small changes in habits to achieve remarkable results. The concept of time management is introduced, with the mantra 'time equals money,' and the idea that habits, both good and bad, compound over time. The speaker provides action steps for identifying and eliminating bad habits, such as excessive social media use or overconsumption, and suggests using the '36' hours available each week for personal development and entrepreneurship.
🧘♂️ Embracing Monk Mode for Enhanced Productivity
The second paragraph discusses the concept of 'Monk Mode,' a disciplined lifestyle adopted by the speaker and other successful entrepreneurs. This mode includes daily meditation, exercise, and abstaining from alcohol and drugs. The speaker shares personal experience with Monk Mode, noting improvements in habits and business results. The paragraph also touches on the mental challenges of entrepreneurship and the need for self-belief and problem-solving skills. It concludes with an invitation to join an academy for learning more about entrepreneurship and breaking free from societal norms that may hinder success.
Mindmap
Keywords
💡Focus
💡Habits
💡Time Management
💡Entrepreneurship
💡Manifestation
💡Monk Mode
💡Rat Race
💡Self-Development
💡Problem Solving
💡Freedom
Highlights
Achieving 10 million dollars after tax by age 21 through focus.
The importance of changing life from zero to six figures in less than a year.
The necessity of making small changes to acquire remarkable results in business and life habits.
The concept that 99% of people struggle with their habits.
The term 'time equals money' and its significance for the top 1%.
Habit formation as a process that becomes more automatic through repetition, known as long-term potentiation.
It takes about 18 to 21 days to form a real habit.
Action steps to identify bad habits and manage time effectively.
The calculation of available hours in a week for personal development and habit formation.
The significance of the number 36 hours for personal development.
The importance of breaking down one's schedule to work on desired habits.
Making bad habits invisible to reduce distractions.
The mindset required for entrepreneurship and being prepared for anything.
The impact of societal norms and the rat race on individual goals and productivity.
The concept of 'monk mode' and its benefits for habit improvement and business success.
The recommendation to try 'monk mode' for a minimum of three weeks.
The importance of focusing on oneself and changing habits before starting an online business.
The process of identifying good and bad habits in both personal life and business.
The invitation to join an academy for learning about entrepreneurship and achieving freedom.
The call to action for viewers to engage with the content and subscribe to the channel for more information.
Transcripts
you know for me one of the ways that i
was actually able to get to 10 million
dollars after tax by the age of 21 was
through focus
imagine what it would be like if you
could change your life from zero to six
figures in revenue in less than a year
take note of everything that i say
because these implementations will make
you part of the one percent club now
becoming an entrepreneur requires you to
make the smallest of changes to acquire
remarkable results not just in your
business but in your habits life habits
to be exact it's a very underrated
concept that 99 of people on planet
earth have troubles with your habits
play a huge role in your ability to seek
out issues to increase efficiency i'm
going to bring up one term that i want
you to remember for the rest of this
video get your pen and paper pause if
you have to and write time equals money
the top one percent happen to be one of
the most time sensitive people out there
they've rewired their brain to identify
bad habits and immediately look to
resolve before things hit the fan
understand that habits compound over
time and that includes your bad habits
and this visual is a representation on
how your habit is formed habit formation
is the process by which a behavior
becomes progressively more automatic
through repetition neuroscientists call
this long-term potentiation let's take a
deeper look at the trajectory here in
the beginning a habit requires a good
deal of energy to perform over the next
few days of repetition it actually
becomes easier and only requires some
conscious attention eventually the habit
becomes more automatic than conscious
beyond this threshold is the habit line
the behavior can be done more or less
without thinking and that is your new
formed habit fun fact according to
recent studies it takes about 18 to 21
days to form a real habit and here are
your action steps take an hour or two to
take a step back and see where you waste
most of your time identify your bad
habits it could be scrolling on tick
tock partying too much pulling too much
video games bad addictions the list goes
on and maybe now you are realizing that
you fall within these categories you are
subconsciously checking your phone you
over consume rather than create these
are distractions that were invented to
keep you from achieving your dreams and
once you realize how this game works you
can take your steps to freedom remember
time equals money so you must find out
where your time is going let's do some
simple math there are 24 hours in a day
and there's 7 days a week 24 times 7 is
168 and if you're sleeping 8 hours a day
you get 56 hours now subtract the total
hours in a week 168 by 56 and what
you're left with is 112 hours sleep is
down but how many hours are you eating
let's say you got three meals a day with
a time of one hour per meal three times
seven is 21 and you can't forget
exercise one hour per day five times a
week just enough to keep your body
physically and mentally in shape now for
most people you're either in school or
working a nine to five so let's pretend
that equates to only 50 hours per week
now when you take all those numbers 168
minus 56 minus 21 minus 5 minus 50 you
are left with 36 hours and that 36 hours
is the time you can put into developing
new habits chasing your dreams and so on
now i know this information is something
nobody has taught you before which is
exactly why i'm here i'm looking to help
you break out i'm looking to make dreams
come true i want to show you the true
power of manifestation the number 36
should be your new favorite number and
what you do with the number 36 is
totally up to you but if you want to
sneak into the 1 club do this 7 hours of
reading per week 10 hours of starting a
side hustle keep in mind that these
numbers are totally up to you and even
with 17 hours of self-development you
are still left with 19 hours of free
time is that not enough time to hang out
with your friends i think so remember
your habits compound over time so make
sure you break down your schedule and
write down the things you want to work
on figure out a way to make your bad
habits invisible for example if you have
an addiction with snacking too much
throughout the day put your snacks in a
place that is difficult to reach or just
don't buy it at all if you have a habit
of checking your phone too much consider
turning off your notifications or going
on airplane mode all bad habits can be
made invisible you just have to figure
out a way to keep it out of sight in the
most effortless way possible at this
point you're probably wondering adrian
what makes these habits so significant
aren't we supposed to be speaking about
entrepreneurship you need to be in a
mindset where you are ready for just
about anything i've spoken to a number
of entrepreneurs and some of them have
made over seven figures in their first
few years to my surprise they've all
said similar things break down your week
break down your day identify your good
and bad habits then work off of that ask
yourself am i in the right headspace to
start an online business 99 of you no 99
of you are stuck in a rat race a system
made to destroy your productivity levels
from the moment you were born your
career is pre-picked you hear it from
your teachers your parents maybe even
your friends at a young age your mind is
conditioned to fall into the system the
imagination of once a young kid who had
the belief of getting a nice car
beautiful wife a nice house has
completely been washed out is due to the
drastic changes in social norms ongoing
inventions of apps the list goes on the
rat race is specifically designed to
keep you from your goals they tell you
to dream about where you want to be but
you can only dream when you sleep you
need to take responsibility in your life
and take action you need to become your
own character everything starts with a
thought you are the only person who
determines what is risky and what is
safe anyone else's opinion shouldn't
alter your beliefs the truth is everyone
has a unique way as to how the world
exists to them eight billion people in
the world are stuck in their own bubble
they are all in their own little world
they will do whatever it takes to
satisfy them and you will do the same
earlier in this video i mentioned a very
credible entrepreneur named imangaji and
he goes through something called monk
mode basically what he does is 10
minutes a day of meditation mandatory is
exercise of at least 30 minutes a day
and the third one is no alcohol or weed
i've actually tried monk mode from march
through may three months of no drinking
smoking partying sticking to a very
strict high performance schedule and
diet and not only did i see improvements
in my habits but also my results in
business now is monk mode for you well
prepare to go through a mental warfare
by the way monk mode isn't something
that you have to do all year round i
recommend trying it for a minimum of
three weeks or more after seven days of
pure discipline you will find you have
more focus motivation energy and respect
for yourself i'm in the business of
teaching people how to create businesses
without good habits you'll never be able
to identify the bad issues in your
business the more issues you are able to
solve within your business the more a
customer or client will trust you you
have to be a problem solver understand
that you are going to have to make
sacrifices these are things that you've
probably heard of before failure is only
a lesson and you may go through a number
of businesses before you feel that you
have a successful one to give you a
quick rundown it took me about a year
and ten months to figure out a way to
make over six figures in one month now
that might sound quick but it's possible
when you identify the good and bad
habits in your life it makes it easier
to identify the good and bad out of your
business so should you get started on
entrepreneurship in my opinion i've
summed it up to this whatever you do
focus on yourself first make change in
your habits so that way you're not tied
down to a chair the chair being that
matrix now here's the thing if you're
trying to escape i've taught thousands
of kids how to identify good or bad
habits start their own online business
and achieve freedom by joining our
academy we have a team that teaches
hundreds of people how to change their
life imagine what it would be like doing
everything you wanted to do imagine what
it would be like driving the car you
always wanted imagine what it would be
like retiring your parents just think
about it join us in the revolution of
becoming the top 1 we'll be with you
every step of the way in
entrepreneurship you have to come from a
generous standpoint where you're willing
to push yourself past your limits you
have to believe in yourself i believe in
you thank you so much for watching till
the end of this video you're officially
in the end club quick question what is
your experience and opinion on
entrepreneurship i've created this video
based off of my own personal experiences
so i hope that you got the chance to
learn something and if you are new to
this channel and you enjoyed this style
of video let me know down below hit
subscribe and make sure that you hit the
notification bell so i see you on the
next one i mean you might as well do it
since you're still here one final note
you guys can also follow me on instagram
and dm me with the word now if you are
interested in learning more about
entrepreneurship if you do we will go a
little bit deeper into the topic and
start identifying things that we can do
better for you thank you so much for
watching this video and i'll see you in
the next one cheers guys
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