What It Takes To Build a ₹1,00,000/mo Online Service Business | My Blueprint | Part 2

Summary

In this video, the speaker emphasizes the crucial role of mindset in building a successful service-based business. He discusses common obstacles like the attachment to quick profits and distractions from shiny objects, stressing that real growth takes time. Embracing failure as a learning opportunity, maintaining focus on one platform, and balancing production with self-improvement are key strategies for success. The speaker also highlights the importance of accountability and having a long-term vision, suggesting that offering guarantees can attract clients and build trust. Ultimately, he encourages viewers to persist and prioritize effective time management to achieve their business goals.

Takeaways

• 😀 A great service-based business requires a strong mindset; without it, systems alone can't drive success.
• 🕰️ Success takes time; expect gradual growth rather than quick riches.
• 📚 Document your journey, including struggles, to build trust and connect with clients authentically.
• 🚫 Avoid shiny object syndrome; focus on mastering one platform to achieve substantial results.
• 💔 Embrace failure as a necessary step in the learning process; it's integral to growth.
• 🔧 Balance production with self-improvement to enhance both your skills and service quality.
• ⏳ Prioritize effective time management by setting realistic goals and aiming slightly higher than your perceived limits.
• 🌟 Maintain a long-term vision; ensure all actions align with your overarching goals to stay motivated.
• 📝 Overcome excuses by actively seeking solutions to problems, fostering a proactive mindset.
• ✅ Offering guarantees in client relationships can build trust and accountability, leading to successful engagements.

Q & A

What is the main focus of the video?

The main focus of the video is on the importance of mindset in building a successful service-based business and addressing internal challenges that can hinder growth.

Why is mindset considered more important than systems?

Mindset is considered more important than systems because an average mindset can limit your potential, even if you have the perfect systems in place. A positive mindset is essential for long-term growth.

What should beginners expect regarding profit in the first few months?

Beginners should not expect to make significant profits within the first couple of months. Success takes time, and it is crucial to be patient.

How can documenting your journey benefit your business?

Documenting your journey helps build authenticity and trust with clients. Sharing struggles and progress can make clients more inclined to engage with your services.

What is 'shiny object syndrome' and how can it affect a business owner?

'Shiny object syndrome' refers to the tendency to get distracted by new trends or platforms instead of focusing on mastering one. It can lead to ineffective efforts and hinder growth.

How should one handle failure in sales?

Failure in sales should be viewed as a necessary learning experience. It is important to embrace it, analyze what went wrong, and use that knowledge to improve.

What two basic segments should one focus on for self-improvement?

One should focus on 'production' and 'improvement of capability.' Balancing both is vital for enhancing skills and delivering better results.

What role does time management play in building a business?

Time management is crucial for prioritizing tasks effectively. Setting realistic goals helps prevent disappointment and fosters steady progress.

Why is having a long-term vision important for business owners?

A long-term vision helps guide daily actions and decisions. It keeps motivation high and reminds business owners of their ultimate goals.

What is the significance of offering guarantees to clients?

Offering guarantees makes deals more attractive to clients, as it demonstrates confidence in your service. It also holds you accountable for delivering results.