How to be an Entrepreneur as a Teenager in 2024

Summary

The 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

00:00

🚀 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.

05:01

🧘‍♂️ 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.

Keywords

💡Focus

In the context of the video, focus refers to the ability to concentrate intently on a specific goal or task, which is crucial for achieving success in entrepreneurship. It is exemplified by the speaker's journey to earning $10 million by age 21. The video emphasizes that focus helps in identifying and resolving bad habits, which is a key to becoming part of the 'one percent club'.

💡Habits

Habits are patterns of behavior that are repeated regularly, often unconsciously. In the video, habits are highlighted as significant factors in personal and business success. Good habits can lead to increased efficiency and productivity, while bad habits can hinder progress. The speaker encourages viewers to identify and change their bad habits to improve their lives and businesses.

💡Time Management

Time management is the process of organizing and planning how to divide your time between specific activities. The video stresses that time is equivalent to money and that effective time management is essential for entrepreneurs. It involves prioritizing tasks and eliminating time-wasting activities to maximize productivity.

💡Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business, which typically involves risk and innovation. The video presents entrepreneurship as a path to financial freedom and personal growth, but it also warns of the challenges and the need for a strong mindset.

💡Manifestation

Manifestation, as discussed in the video, is the belief that positive or negative thoughts can bring positive or negative results into a person's life. It is a concept that suggests focusing on what you want to achieve can help make it a reality.

💡Monk Mode

Monk Mode, as referenced in the video, is a lifestyle choice where one adopts a disciplined routine similar to that of a monk. This includes practices like meditation, exercise, and abstaining from certain habits like alcohol or weed. It is presented as a way to improve focus, motivation, and energy.

💡Rat Race

The term 'rat race' is used to describe a competitive, high-pressure lifestyle where people are constantly working to achieve conventional success, often at the expense of personal happiness and fulfillment. The video criticizes this system for conditioning individuals to follow a pre-determined path, which can stifle creativity and entrepreneurship.

💡Self-Development

Self-development refers to the process of improving one's knowledge, skills, and personal qualities. In the video, self-development is portrayed as a critical component of entrepreneurship, where personal growth directly impacts business success.

💡Problem Solving

Problem solving is the ability to identify, analyze, and resolve issues. In entrepreneurship, it is a key skill that helps businesses adapt and thrive. The video emphasizes that entrepreneurs must be adept at solving problems to gain the trust of customers or clients.

💡Freedom

In the context of the video, freedom is associated with achieving a lifestyle where one is not tied down by conventional employment or societal expectations. It is the ultimate goal of entrepreneurship, where success allows for the pursuit of personal passions and desires.

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

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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