Mobe Scam Tips:Here are key points Mobe Matt Lloyd emphasis for new entrepreneurs to consider.
1. Everything Takes Longer Than You Think and Time Is Your Most Valuable Resource.
It’s really hard to get things done, and you are likely to get “shiny object syndrome.” You need to block off your time in certain sections to make sure you are objectively chipping away at your greater goal on a daily basis. Otherwise, you will do what I tend to do a ton, and create six half-built bridges. You can see that six half-built bridges won’t get you to the pot of gold.
Instead, work on building one bridge, then another, then another. Complete each project you start before working on another, whenever possible. Sometimes it’s not possible, but still try your best to work on them one at a time.
You will always feel like you got nothing done, have a lot more to do, and are nowhere near succeeding. Hopefully, that drives you to work hard and smart (see my article on the secret to success here) and doesn’t drive you insane, broke or stupid.
2. Everyone Wants Your Money, Wants Your Time, Wants Your Help, etc.
That’s great, and in the beginning, you will probably do some stuff for free, bend over backwards for early customers, and buy some marketing products and tools that you’ll never properly utilize.
But here’s the important part: Your job is to quickly figure out who is actually going to move your business forward and who will just use you.
It’s super easy to get bogged down by helping someone for free, a friend even, and then realize that half of your day is gone, and you are never going to get any money out of that. If you want your business to succeed, you will have to learn when and how to say “No,” or better yet, “Pay me,” even to your friends. This is especially true with phone calls and meetings. You should consider it your job to avoid as many as possible. That way, when you find yourself in one, you can be sure that it’s worth your investment.
3. It’s Not a Real Business until You’ve Cried over It.
This will happen! There will be a day where something went terribly wrong, and it feels like the world is coming down on you. The best thing you can do is accept the roller coaster ride you are on, and wake up the next day and keep moving. Most people can’t take the pressure and just bail out to get a real job. It’s much easier to work for someone else than yourself. Before you leap into entrepreneurship, you need to be mentally prepared for the roller coaster ride.
4. Entrepreneurship Isn’t for Everyone.
Pulling from the previous point, you should know that this might not be for you. You need to be able to do anything and everything: organize your day and life, make tough decisions, take risks, manage others (my weakest point), and go all-in on your business. You need to be social, time conscious, logical, handle stress well, code, solve problems, understand psychology and marketing, and about 100 other things.
Also, you should never start a business without some sort of nest egg of money to support you and invest into the starting fund for that business. If you don’t have that yet, keep the business on hold, save up more money, and take the leap at a later time. Or, work on it on the side, enough to the point where you can get someone else to invest into it and save all along the way.