My business blew up when i started thinking like this

Summary

In 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.