fastlane_dad
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OK guys here is a bit of mindset THURSDAY for you.
I keep hearing and seeing a recurrent theme, whether it’s in my DM, or here on the forum.
So MANY of you approach entrepreneurship as ‘Something to Try’ or talk of ‘Abandoning Entrepreneurship’ or ‘Giving this Fastlane Thing a Try’ … entrepreneurship is also not a 'TIP' you are going to receive from someone on these forums, on youtube OR yahoo headlines ... I don't hold a shortcut to it, and so does nobody else !!
To me fastlane (entrepreneurship) and the pursuit of such has always been a MINDSET, or a way of DAILY thinking and taking action rather than something I’m ‘TRYING’ at the moment.
Even at a time I’m not actively moving towards building up a business (and there were MANY parts like that throughout my life) – I would constantly analyze the world around me in an entrepreneurial way – and I still DO THAT TO THIS DAY consistently on every day basis.
Here are some EXAMPLES that ran through my mind, in just the last WEEK over things I’ve done and how I think about them
*I met a BMW salesperson (as I’m shopping for a large family SUV). Immediately what goes through my head is what is his commission, how many cars does he sell a week, and how much are the BMW cars marked up to be able to pay him that much. How long was he at the BMW dealership for to be able to earn this much clientele, repeat business, and commission. How long has he been doing SALES for, and is it easy to start. What was his barrier of entry in getting into this field, ETC
*I ordered a face cream on Amazon. Instantly I thought about what is it about this face cream that made me purchase it? What skewed the value HIGH ENOUGH for me to fork over cash for product? Who did I hear about this product from? Who influenced me to buy it? If I WAS to market and sell a face cream – what would I do differently? Is this cream the BEST cream I can buy? Why or WHY NOT? Can I add value to this industry somehow and reach a specific demographic? Is there something about this particular cream that still bothers me and is not the ultimate combination of price/size/results?
*I read several articles on INVESTING. Instantly my mind goes to why did I find value in this article? Why do I choose to follow a certain set of writers? Can I produce equivalent if not BETTER / MORE relevant content? What’s stopping me from writing a finance blog and teaching all that I have learned last several years on this topic (good place to start).
*I watched several YOUTUBE videos on finance / car reviews. What did I like / dislike about their videos? How do these people stand out from the rest? What is it about their personality / content that has them acquire 100Ks subs? What products / affiliate marketing do they market on their channel? Do they monetize outside of what the channel pays them? Can I / would I produce similar content?
GUYS these are just very FEW of the thoughts that go through my mind daily. Obviously I don’t act on 95% of these thoughts. The other 5% is what sticks in my brain, and eventually I commit to, and start moving in that direction.
AGAIN – this way of thinking and mindset has been a part of my life since my late teens. I am way more aware and in tune of these thoughts now.
I’m not giving entrepreneurship ‘ a shot’, ‘seeing if its my gig’ or ‘if this will work out’. I TAUGHT myself and ingrained how to think this way – that’s why I have hundreds of opportunities that I spot and CAN act on throughout the day, but won’t / don’t because my life is already so full.
Even when I’m not actively ‘doing’ or executing business – my mind is circling around a fastlane/entrepreneurship way of thinking. It’s 24-7 for me.
Curious to hear your thoughts.
----------------------------------------------------------------------
Let me also add. Many, and I mean MANY of my previous endeavours and businesses started out of something I was already a consumer of. I sold automotive accessories because I had a similar accessory on my car (my mind went to 'why don't I sell something similar with a value skew'). I sold baseball cards for a profit because I loved BASEBALL cards and that was my hobby. I sold versions of personal care products - yes you guessed it - because I used a SIMILAR PRODUCT, and thought of a tweak I could make and market it as such.
I never REINVENTED any wheels. I never went into an industry (mostly) that I have not been a consumer of myself. A few times I tried - and all those ended up flops.
Just something for you to ponder over, and to @NeoDialectic point, if you are stuck for ideas - start doing more hobbies or pay attention more to your daily CONSUMPTION and surroundings. Everything you enjoy , and consume - make it a point to think how you can improve on that particular product or what different angle you can bring. And I mean EVERYTHING. Think about the YOUTUBE channels you watch. Think about the trinkets you buy and play with. Think about the Iphone APPS you downloaded. Think about the bookbag you just bought for school. Look - bottom line is 99% of these thoughts and ideas will just be thinking exercise, but eventually you do have to pick an area / discipline and stick to EXECUTION if you ever dream of making FASTLANE / EXIT possible.
I keep hearing and seeing a recurrent theme, whether it’s in my DM, or here on the forum.
So MANY of you approach entrepreneurship as ‘Something to Try’ or talk of ‘Abandoning Entrepreneurship’ or ‘Giving this Fastlane Thing a Try’ … entrepreneurship is also not a 'TIP' you are going to receive from someone on these forums, on youtube OR yahoo headlines ... I don't hold a shortcut to it, and so does nobody else !!
To me fastlane (entrepreneurship) and the pursuit of such has always been a MINDSET, or a way of DAILY thinking and taking action rather than something I’m ‘TRYING’ at the moment.
Even at a time I’m not actively moving towards building up a business (and there were MANY parts like that throughout my life) – I would constantly analyze the world around me in an entrepreneurial way – and I still DO THAT TO THIS DAY consistently on every day basis.
Here are some EXAMPLES that ran through my mind, in just the last WEEK over things I’ve done and how I think about them
*I met a BMW salesperson (as I’m shopping for a large family SUV). Immediately what goes through my head is what is his commission, how many cars does he sell a week, and how much are the BMW cars marked up to be able to pay him that much. How long was he at the BMW dealership for to be able to earn this much clientele, repeat business, and commission. How long has he been doing SALES for, and is it easy to start. What was his barrier of entry in getting into this field, ETC
*I ordered a face cream on Amazon. Instantly I thought about what is it about this face cream that made me purchase it? What skewed the value HIGH ENOUGH for me to fork over cash for product? Who did I hear about this product from? Who influenced me to buy it? If I WAS to market and sell a face cream – what would I do differently? Is this cream the BEST cream I can buy? Why or WHY NOT? Can I add value to this industry somehow and reach a specific demographic? Is there something about this particular cream that still bothers me and is not the ultimate combination of price/size/results?
*I read several articles on INVESTING. Instantly my mind goes to why did I find value in this article? Why do I choose to follow a certain set of writers? Can I produce equivalent if not BETTER / MORE relevant content? What’s stopping me from writing a finance blog and teaching all that I have learned last several years on this topic (good place to start).
*I watched several YOUTUBE videos on finance / car reviews. What did I like / dislike about their videos? How do these people stand out from the rest? What is it about their personality / content that has them acquire 100Ks subs? What products / affiliate marketing do they market on their channel? Do they monetize outside of what the channel pays them? Can I / would I produce similar content?
GUYS these are just very FEW of the thoughts that go through my mind daily. Obviously I don’t act on 95% of these thoughts. The other 5% is what sticks in my brain, and eventually I commit to, and start moving in that direction.
AGAIN – this way of thinking and mindset has been a part of my life since my late teens. I am way more aware and in tune of these thoughts now.
I’m not giving entrepreneurship ‘ a shot’, ‘seeing if its my gig’ or ‘if this will work out’. I TAUGHT myself and ingrained how to think this way – that’s why I have hundreds of opportunities that I spot and CAN act on throughout the day, but won’t / don’t because my life is already so full.
Even when I’m not actively ‘doing’ or executing business – my mind is circling around a fastlane/entrepreneurship way of thinking. It’s 24-7 for me.
Curious to hear your thoughts.
----------------------------------------------------------------------
Let me also add. Many, and I mean MANY of my previous endeavours and businesses started out of something I was already a consumer of. I sold automotive accessories because I had a similar accessory on my car (my mind went to 'why don't I sell something similar with a value skew'). I sold baseball cards for a profit because I loved BASEBALL cards and that was my hobby. I sold versions of personal care products - yes you guessed it - because I used a SIMILAR PRODUCT, and thought of a tweak I could make and market it as such.
I never REINVENTED any wheels. I never went into an industry (mostly) that I have not been a consumer of myself. A few times I tried - and all those ended up flops.
Just something for you to ponder over, and to @NeoDialectic point, if you are stuck for ideas - start doing more hobbies or pay attention more to your daily CONSUMPTION and surroundings. Everything you enjoy , and consume - make it a point to think how you can improve on that particular product or what different angle you can bring. And I mean EVERYTHING. Think about the YOUTUBE channels you watch. Think about the trinkets you buy and play with. Think about the Iphone APPS you downloaded. Think about the bookbag you just bought for school. Look - bottom line is 99% of these thoughts and ideas will just be thinking exercise, but eventually you do have to pick an area / discipline and stick to EXECUTION if you ever dream of making FASTLANE / EXIT possible.
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