4 Simple Business Tips I'd Give My Younger Self | Follow These And You WILL Be Successful

4 Simple Business Tips I'd Give My Younger Self

Have you ever heard people tell you that you need to be passionate and love what you're doing to be successful? Bullshit. Just because you're passionate doesn't mean you're gonna make money and do well in business.
Hey everyone, I'm Rocky Sharma and today I'm gonna share with you four business concepts and advice that I would have given my younger self.
4 Simple Business Tips I'd Give My Younger Self
4 Simple Business Tips I'd Give My Younger Self

Focus on Big Ideas

The first one is focus. Yes, you may be passionate about what you're doing, but just because you're passionate, it doesn't mean you're gonna make money. Passion just means you're gonna put in the time and energy into whatever your idea is. It means that you're not gonna give up. And should you have passion? Yes, but if you're not focusing on a big idea, you're not gonna make a ton of money. My first business, Crazy Egg, and that was more so my first real business, it's not a billion dollar company. It does extremely well. It makes millions and millions of dollars in profit, but why isn't it a billion dollar company? Because the total addressable market isn't big enough. I'm passionate about Crazy Egg, I love it to death, our customers love the product, we have hundreds and thousands of companies paying us a shit load of money, but it's not a billion dollar company and it never will be. And it's not anything due to passion, it's more so it's not big enough. You need to focus on a big idea. If you're focusing on self-driving cars, focusing on disrupting the taxi industry like Uber, or focusing on sending people into outer space and living on Mars, those are big, gigantic ideas. You may not have to go that big, but you can go to Google Finance and you can go to Google Trends, type in words and phrases or stock symbols, you can see how big other people are. Even if you're a fraction of them, like 1% of them, it they're a $300 billion company, you'll still be a multiple billion dollar company.  So focus on a big idea.

Move as Fast as Possible

The second thing I'll tell my young self is you need to move as fast as possible. As a little kid, I treated my business like a baby. You know, with your baby and your child you don't want to get hurt, you want to be perfect, everything is precious; that's not the reality of the business world. If you don't move fast, people are gonna trample all over you. It's like a bull. You know, those people are going like, "Toro, toro," with their little, red cape? Well, you know what? Most of them get trampled and you're gonna get trampled on too by your competitors if you don't move fast. So execute as quick as possible. It's okay not to be perfect. It's more important to move fast.

Avoid Making the Same Mistakes Over and Over again

The third thing I would tell my young self is you're gonna make mistakes and that's okay, but avoid making the same mistakes over and over again. Mark Zuckerberg, Elon Musk, Bill Gates, Warren Buffet, do you know what all four of them have in common?
They've all made big mistakes, but they're still billionaires. How could that be?
Well, they learned from their mistakes. Look at Mark Zuckerberg and Facebook. He tried buying Snapchat. Didn't go through. He tried creating something that killed Snapchat. Didn't work out at the beginning. But eventually Instagram, which they own, overtook Snapchat in usage. Why?
Because Mark learned from his mistakes. You're gonna make mistakes too. But just because you make mistakes, it doesn't mean that you won't do well. Learn from them, avoid making the same ones over and over again, and eventually you'll learn what not to do. And if you learn what not to do, you'll start doing the right things.

Realise and Focus on 80/20 Rule

The last tip I have for my younger self is the 80/20 rule. A lot of people are like, Oh, I went to a really good college. I'm a lawyer. I work so hard. Why am I not doing well?
I don't give a shit that you're a lawyer or that you went to Harvard or Stanford. Working hard and having a good education doesn't guarantee success. I've gotten job applications for people who came from Stanford who are willing to work for 10, 15 bucks an hour. It does not mean success at all. It just means you're book smart. If you want to be successful, you gotta realize and focus on the 80/20 rule, and what that is is you want to take 80% of your energy and focus on that 20% or what's important. Everyone believes that putting a lot of time and energy is what makes you successful. No. Putting a lot of time and energy on the right thing is what will make you successful. So find out those little, few things that will move your business and focus on them. For me, have you noticed, a lot of my advice is on traffic generation?
That's all I focus on. I focus on brand building, traffic generation because that drives leads to my businesses. Have you ever seen me being like, "Hey everyone, check out my day in my life in my office"?
No, I'm a terrible manager. People hate working under me. I'm one of the worst boss ever. I pay well, but management-wise, I just suck. So I'm not a manager and other people manage everyone else in the company. But I realized that if I focus on traffic generation, what I'm best at, what really helps build the business and drive more revenue, it helps the business explode, grow, and it makes it a win-win situation for everyone. So take all your energy and focus on the right thing. Now at first, you may be focusing on what you think is the right thing, but you may not be seeing results, and if that keeps happening week after week even if there are not even small results, then that means that you should be shifting your energy onto something else. If you're not sure what you should be spending your energy on, leave a comment below and I'll be there, I'll respond, and I'll tell you if you're doing the right thing or the wrong thing. I hope these tips help. They would have helped a younger me. And if I followed them, I probably would have been worth over ten times what I'm worth now, and that's a lot of money. So make sure you subscribe to the blog. I'll see you in the next post, and I really look forward to helping you. So if you're not sure on what you should be doing or spending your time on, leave a comment. I'll be here to help and I really want to see you succeed. You succeeding makes me happy.
4 Simple Business Tips I'd Give My Younger Self | Follow These And You WILL Be Successful 4 Simple Business Tips I'd Give My Younger Self | Follow These And You WILL Be Successful Reviewed by Rocky Sharma on October 10, 2019 Rating: 5

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