if I had to make $5k in the next 14 days with nothing to my name I would do this

Summary

In this video, the speaker shares practical advice for anyone starting or restarting their business, particularly in the agency space. Emphasizing the importance of gaining experience over perfection, the speaker recommends getting a job if necessary to secure financial stability and take risks. He encourages leveraging existing skills and networks to quickly gain clients and start delivering results. The focus is on simplifying the process, avoiding analysis paralysis, and scaling gradually through iteration and refinement. Ultimately, the key to success is taking action, gaining confidence, and consistently improving.

Takeaways

• 😀 If you're starting from zero, get a job first to ensure financial stability before taking risks in business.
• 😀 Having a job gives you the resources to take risks, invest in yourself, and work harder by motivating you through dissatisfaction.
• 😀 Focus on leveraging your existing skills, interests, and connections to get started rather than reinventing the wheel.
• 😀 Experience is the most important factor in the beginning. Optimize for gaining experience rather than worrying about having the perfect niche or offer.
• 😀 As a beginner, try working with anyone and everyone to gain as much experience as possible before narrowing down your niche.
• 😀 Don’t stress over creating the perfect offer initially. Just get clients and deliver results. Your offer will evolve as you gain experience.
• 😀 The key to early success is selling yourself and your ability to get the job done, not necessarily selling a polished product or service.
• 😀 Mentorship and validation from someone ahead of you in business are crucial for boosting your belief and conviction, especially when you're uncertain.
• 😀 You don’t need to be perfect when you start, just get started and refine your approach as you learn from real-world experience.
• 😀 Many entrepreneurs overcomplicate things by getting caught up in details or doubting themselves. Focus on taking consistent action and improving through experience.
• 😀 Scaling a business is simple, but not easy. You just need an idea and to get people to say yes, but the uncertainty and rejections make it challenging.

Q & A

What should you do if you're starting a business but have no money saved up?

If you don't have money saved up, the first thing to do is get a job. A job will help you afford living expenses, give you the ability to take risks, and provide motivation to work harder, as you'll want to escape the 9-to-5 lifestyle.

Why is getting a job important for someone looking to start a business from scratch?

Getting a job is crucial because it ensures you can live and afford basic needs. It also gives you the financial freedom to take risks and invest in yourself and your business, which are key to long-term success.

How should you approach starting a business if you're a complete beginner with no experience?

As a beginner, it's important to evaluate your existing skills and interests. You should focus on areas you're already good at or passionate about, and leverage your personal network to get clients early on. Experience and confidence are more important than a perfect business model.

What’s the best way to find clients when you're just starting out?

The best way to find clients initially is through your network. Ask friends, family, or acquaintances if they know anyone who might need your services. The goal at this stage is to get as much experience as possible, not necessarily to make a lot of money right away.

How should you decide what niche to focus on in the early stages of a business?

In the beginning, you don’t need to focus on a specific niche. Instead, just work with anyone who needs your services. The priority should be gaining experience and figuring out what you like and what you’re good at. Once you’ve gained some experience, you can then niche down based on your preferences and expertise.

Why is it not important to have a perfect offer when you're just starting your business?

At the start, your offer doesn't matter much because clients won’t believe in your product or service yet. Instead, focus on building trust, gaining experience, and refining your offer as you go. People buy from you because of your story and your ability to deliver results, not because your offer is perfect.

What is the most important thing for a beginner entrepreneur to focus on?

The most important thing for a beginner is gaining experience. This is what will build your confidence, credibility, and conviction. You should focus on taking action, signing clients, and delivering results. As you gain more experience, your business and marketing will improve.

How can a mentor help someone who is just starting their business?

A mentor can help by providing reassurance and validation. Sometimes, simply having someone tell you that you're on the right track can boost your confidence and prevent self-doubt. This encouragement can help you stay committed to your business and avoid second-guessing yourself.

What is the risk of overcomplicating things when starting a business?

Overcomplicating things can lead to confusion and paralysis by analysis. Beginners often get overwhelmed by all the options and information available, which causes them to do nothing. Keeping things simple and focused on taking action is essential to making progress.

What is the process for scaling a business once you’ve gained experience and clients?

Once you have some clients and experience, you can start refining your offer based on feedback and results. After that, begin hiring to scale and productizing your service to ensure consistency. Focus on delivering results, building your case studies, and then gradually growing the business step by step.