why 95% of people fail when starting AI businesses (simple fix)
Summary
TLDRIn 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.
Outlines
🚀 Starting AI Businesses: Overcoming Overwhelm
Liam Moley addresses the common struggle of people attempting to start AI businesses or automation agencies, emphasizing the importance of not being overwhelmed by trying to do too much too soon. He discusses the insights gained from his community Q&A sessions and the need for beginners to focus on mastering one tool or area before expanding their knowledge. Liam encourages a gradual approach to learning, comparing it to weightlifting where beginners start with lighter weights to build up their skills and confidence. He also suggests that new entrepreneurs should extend their time horizon and not rush the learning process, focusing on one area to become a specialist before branching out.
📚 Specializing in AI: The Path to Mastery
In the second paragraph, Liam Moley continues his advice for starting in the AI space by recommending that beginners specialize in one area to become proficient before exploring other aspects. He provides a link to a comprehensive video that outlines five different areas to specialize in and offers a free school resource with step-by-step guides for each area. Liam suggests that once a beginner has gained proficiency in their chosen area, they should advertise their services within the community and reach out to their network. He also mentions a strategy for warm outreach to pitch services to people within one's network, which is detailed in another resource he plans to link. The paragraph concludes with Liam's encouragement for beginners to start with an 'empty bar' in business, akin to starting with light weights in the gym, to build a strong foundation before attempting more complex tasks.
Mindmap
Keywords
💡AI businesses
💡AI automation agencies
💡Overwhelm
💡Technical skills
💡Information overload
💡Specialization
💡Time Horizon
💡Community Q&A
💡Buzzwords
💡Warm Outreach
Highlights
The most common reason for failure in starting AI businesses is being overwhelmed and trying to do too much too soon.
Advice from community Q&A sessions suggests focusing on one area of expertise rather than trying to learn all tools at once.
The importance of learning the basics and mastering one tool before attempting to build complex AI solutions.
A comparison to weightlifting is made, emphasizing the need to start with manageable weights and gradually increase them.
The speaker shares personal experiences of starting with an empty bar in weightlifting and the parallel in business.
A recommendation to focus on one area, like becoming a Make.com or Zapier ecosystem expert, to avoid information overload.
The suggestion to extend the time horizon for success and not rush the learning process.
A detailed video on five different ways to start an AI business in 2024 is recommended for further guidance.
The speaker provides a seven-step plan for each of the five areas to specialize in when starting out.
Encouragement to join the school community to advertise services and engage with potential clients.
The advice to use warm outreach strategies to pitch services to people within one's network.
The importance of starting with an 'empty bar' in business, acknowledging one's beginner status, and learning the basics.
A reminder that becoming proficient in a skill takes time and patience, and that success in AI businesses is no different.
The speaker's belief in the audience's potential and the encouragement to follow the advice given to avoid common pitfalls.
Transcripts
hey everyone Liam moley here and today I
want to point out the most common reason
that I'm seeing in our community as a
whole are people trying to start AI
businesses or AI automation agencies and
failing and not succeeding and that
comes down to being overwhelmed and
trying to do too much too soon and this
links to this is coming off the back of
my free community Q&A and my school
Community which you can join in the
description if you're not already but I
do free calls every Friday um for an
hour with anyone who wants to come on so
we usually get 100 people on there every
week and some of the most common
question I get is how can I start and
people being overwhelmed with not
knowing where to start or what tools I
know there's so many different tools I
tried to learn all of them now I know a
little bit about all of them but I still
can't really build anything and this is
such a common thing that I'm seeing at
the moment and I I guess I'm to some
degree part of the part of the problem
here by putting out so much content and
different um showing you different
builds and and other people as well in
the space beginners getting into what
think that they need to know everything
all at once and and learn it immediately
so that they can be successful and that
is is what I want to point out in this
video is not the way to go and it links
into one of my favorite homos isms or
his podcast that he's done at one point
which was talking about taking weight
off the bar and linking entrepreneurship
to um the gym and and weightlifting and
training in that there's guys who go
into the gym and um homos says he always
respects the guy who can go in there and
uh maybe he's training with someone a
little bit bigger but he can go on and
maybe doing the bench press and he goes
on and and the guy perform goes and does
a does a a weight that's suitable for
the guy of his size then the smaller guy
comes on and he goes you know what I'm
going to take a little bit of weight off
the bar because I'm self Weare enough to
know what my skill set is and what my
level is so that I'm not biting off more
than I can chew and the same thing
applies to entrepreneurship and that
when you're coming into this you don't
you shouldn't be looking at myself or
looking at at other people in the space
as well and being like that's the point
that I'm trying to start right now I'm
running three different businesses my
morning side AI my agency my education
business trip accelerator and ative and
I had to do entrepreneurship for 6 years
to get to the point where I could and
also get amazing business partners and
people working around me to be able to
do that stuff so while I do want to show
you through the stuff that I do the end
point that you can get to and I mean I'm
always pushing forward trying to do new
stuff and and really map the the way out
for you all but if you're getting
started you need to stop when I started
bench pressing and started squatting
when I was 14 in the gym I was doing it
with a empty bar cuz my my coach my gym
teacher at the time was like you you
need to get the technique right you need
to just start start off light and
eventually you work up and of course
over time I did you have to get the
technique right you have to learn the
basics before you can start to put in
your weight on so I get this a lot
people talking about SAS and product I
services and this the S using all these
bud buzzwords and I'm like mate you
haven't even like got a client yet or
been successfully delivering multiple
for multiple clients you guys need to
just narrow down what you're doing well
firstly these are really the main
takeaways for this video is that when
you are starting in order to take weight
off the bar and not be trying to do more
than you're able to do is come into this
and be like okay I'm going to one slow
down and extend my time Horizon if
you're thinking if I told you you need
to achieve something in the space of 3
months you would have a very different
plan to if I said you have 2 years to
achieve it
now let's assume that you have two years
to achieve what you want to in the AI
space you going to take a much different
approach and that let's start with
learning the skills first if I'm going
to be in the space long term it's going
to be helpful for me to put aside 3
months or so maybe even 6 months of 3
months I think is is a is a good point
for this or two to three depending how
fast you learn to just learn some
technical skills and learn the basics of
how to use various AI automation
platforms and I've done a complete video
on this um that I'm going to link up
here that I highly recommend you watch
after this but when you're starting out
instead of trying to do everything at
once and learn voice flow and learn my
own platform agentive and learn make and
and and relevance and all these
different tools just start off with one
area that you want to become a
specialist in initially and this this is
what I'm seeing the most success of both
in my accelerator and in the free
community you need to narrow it down
otherwise you just get like information
overload and you get stressed if you
have a a small area that you can work on
initially then you you can tick off the
boxes as you go through and you okay I'm
getting I can see the progression in the
smaller area later on you can learn
other stuff but what I want you all to
do is to pick one area uh say AI
automation I want to do become a make
and a table specialist and learn how to
use those two tools and how they work
together or I'm going to work on the
zapia ecosystem and become become a
zappy ecosystem expert or I want to do
voice Bas agents and I want to use vapy
and I want to use Bland and focus on how
I can build all of the the core
deliverables within those spaces or Tech
Bas agents use ative and relevance AI to
build teex Bas agents so I've done the
complete video on this of five different
ways to start an AI business an AI
automation agency in 2024 and that's
going to be the best video If you to
watch after this which will be linked up
here and down below as well and in that
video I lay out five different areas and
that I've just done there
of teex stacks and and solution types
you can specialize in initially and sure
enough you can explore other things
later on but in that video I there's a
free school resource attached to it that
I put a lot of work into into it for you
all which is walking you through okay if
you want to do AI Automation and that's
the area that you want to learn
initially and you're taking weight off
the bar you're being smarter to just say
I'm going to start in one area and I'm
going to slowly add weight within that
area and I'm going to become an expert
and have some kind of proficiency and
confidence in the in that video I link
to a school resource on my on my
community where I've gone through and
put I think seven steps for each of
those different strategies so there's
five different areas that I said you can
specialize in when you're starting off
as a beginner and I've gone through and
put like course YouTube material and
like articles and and and courses that I
recommend you take on things like udemy
and even like it's mainly YouTube videos
really but there's seven seven or more
different things for each of those to
start in so if you're looking for the
place to start in you want to be
sensible about not putting too much
weight on the bar and you're complete
beginner then that video is what I want
what I want you all to watch and it's
going to give you those stepbystep
things on the school community so it's
very important that you start off with
just one area learning that stuff until
you get good enough to be able to build
your own and and Tin around with your
own ideas and then go look okay what's
the next step I need to start applying
this into the real world and Building
Things for other people so then what you
then what can you do well I'd recommend
you go and drop a post in the school
community and advertise your services
say hey look I can do these DCS or or
maybe show some of the cool things
you've done just putting your skills out
there in a form like my free school
community where there's tons of people
who are non- techsavvy and they've come
in with a decade of business experience
and a ton of contact they looking for
people like you who are coming up who
are hungry who are willing to put in the
work to learn these things and you can
give them the the help that they need to
be able to get a feasibility assessment
of what they want to build in their
industry so go into this free school
Community after you put in some work and
learning one small specific area and
becoming capable then you can go into
the school community and you can drop a
post and say hey I do this or you can be
commenting and say hey I can help you
this let me know I I'll up just shot you
with the m and then beyond that going to
your warm connections as well this is a
another uh it's not a hzi strategy but
he has a very good video on it um using
warm Outreach to then pitch your
services and offer them to people within
your network that you know so I will
leave a link to this below but homi has
an excellent uh podcast and part of his
actually it's part of his uh $100
million leads book um that's going to be
showing you how to do his warm Outreach
strategy which is basically getting all
your email contacts getting all your
phone contacts and getting all your
Instagram Etc and then just reaching out
to them a way that's natural and saying
hey this is what I do would you know
anyone who's who's interested in it and
if you combine that strategy that
approach of look I don't want to put too
much weight on the bar I'm going to keep
it narrow and just be I'm I want to get
good at text based agents or I'm going
to become a voice AI specialist and I'm
going to just learn all the key
deliverables within that space that is
something that any of you can do there's
so much stuff on YouTube I've given you
a seven-step plan for either one that
you want to do and then once you've got
a bit of proficiency make a bit make a
little bit of noise about it go into the
school Community post the stuff that
you're doing engage with people try to
hop on calls you can go on to reaching
out to your your warm connection as well
and say hey I'd love to get some more
ideas so that I can apply my new skills
into the real world and get like make a
big leap from just knowing the the
theory and knowing enough to get by to
actually wow I've seen how this can
actually change or make a difference in
the real world so that's my little
weekend it's a it's a rainy R Saturday
here in in Romania for me um and I
thought after the free community call I
had yesterday this was a good topic that
I think I should address is that you
guys can all do it but you need to have
you need to be self-aware enough to know
that you need to start with an empty bar
which when you're in the gym that's a
pretty embarrassing thing to be doing um
it's just LIF an it's just lifting an
empty bar but same in business you have
to be able to swallow your pride swallow
your ego and admit that I'm a beginner
and I need to do what the beginner steps
before I can start to put more weight on
and try to shoot for SASS and all of
these other buzzwords that people like
to throw around you need to know the
thing and then do the thing before you
can even start thinking about running a
sass or something all right so forget
about that stuff you need to learn
skills start an agency successfully and
then you can go into education then you
can go into SASS and you can go into all
of these things but you need to be like
a much higher level entrepreneur or or
weightlifter to be able to tackle those
kind of vehicles because they're a lot
more difficult so that's all for me um I
believe in you all you know I'm rooting
for you all um this is the number one
thing that I'm seeing stopping people is
getting overwhelmed and trying to do too
much at once so take my advice and this
is the aggregate advice of all of the
stuff I'm seeing across thousands of
people in our community is that this is
the most important thing if you are
completely new in getting started is to
not try to take on too much at once so
that's all for the video guys I'll put
another one up here if you want to learn
how to build some AI Solutions sorry
from that I will see you in the next one
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