It's true.
I "failed" (Read: paid for many lessons with time and money)
I started two businesses at the same time, which was silly.
It's very hard to start two at the same time, though you can manage two at the same time.
For your benefit, I aim to help you avoid these pitfalls so you can grow faster. I've created this so you can know what to avoid from a mile ahead, instead of in hindsight.
After all, if we learn from others' mistakes, we can avoid them without the pain and wasted time.
This time was actually invested into learning a craft, and I'm fine with it!
Let me know what thoughts you have about my lessons, and if they helped you out in your journey. I'd love to hear the stories you've had.
1. Nothing is Ever Wasted with the Right Mindset
If you look at each experience as a lesson, and see what you can gain from it, then you haven't failed.
Each time something goes wrong, you can pick the best parts out of it by looking at what skills or experience you can salvage. This way, you never waste any of your time, and you're always on track to improve.
The important thing here is to adapt when you realize you've been on the wrong track.
2. Starting Two Businesses At Once is Insane
Even Elon Musk said it, he would rather rub glass in his eyes than start 3 businesses at once again.
That demonstrates how hard and how much work is involved when going this route.
Just start one at a time! I had a super hustler of a mentor who was on a different level, and that influence rubbed off.
I learned a ton, but I should've just applied that hustle in one direction and it would have been much more simple.
3. Salvage Lessons From Each Failure
If you take something away from each time you get setback, you catapult forward faster.
If you just sit in your mistake and waste time, you learn nothing and might even do the same thing again. Life teaches us many lessons when we mess up, and until we learn the lesson, it comes back again and again.
Don't let past failures keep haunting you. Just learn what they were trying to teach and move forward.
4. It's Much Easier When You're Obsessed
By becoming obsessed with what you're doing, in a positive way, you can make strides past people who are not interested in what they do. By coming alive with .... dare I say it... passion, for what you're working on, not necessarily YOUR passion, you become charged with the outcome and progress.
The process is so worth it for you that you enjoy it most of the time. You won't love it every day all day, because it'll get tough, boring, monotonous at times.
However, by keeping possibilities in front of you and planning your attack, you get excited each day because you're contributing to a big picture game.
5. Each Business Model Has Qualifications
You will have to choose the pros and cons of each because they're not all going to evenly stack up to where you want to be.
Pick a business model that fits the desired lifestyle, and always make your means match your ends of acquiring the goal. Figure out how you can provide valuable things to your market, and build your own life off of your success too!
That's a Pareto efficiency, or a win-win.
Look for the win-wins and the models that have the shallowest downsides/cons. This way, you won't waste time like I did, figuring out what type of ground is safe for your empire.
See the full lessons here: http://www.motiveinmotion.com/failing-drop-shipping/
What about you? Have you drop shipped? Have you failed other types of businesses? Let me know below!
I "failed" (Read: paid for many lessons with time and money)
I started two businesses at the same time, which was silly.
It's very hard to start two at the same time, though you can manage two at the same time.
For your benefit, I aim to help you avoid these pitfalls so you can grow faster. I've created this so you can know what to avoid from a mile ahead, instead of in hindsight.
After all, if we learn from others' mistakes, we can avoid them without the pain and wasted time.
This time was actually invested into learning a craft, and I'm fine with it!
Let me know what thoughts you have about my lessons, and if they helped you out in your journey. I'd love to hear the stories you've had.
1. Nothing is Ever Wasted with the Right Mindset
If you look at each experience as a lesson, and see what you can gain from it, then you haven't failed.
Each time something goes wrong, you can pick the best parts out of it by looking at what skills or experience you can salvage. This way, you never waste any of your time, and you're always on track to improve.
The important thing here is to adapt when you realize you've been on the wrong track.
2. Starting Two Businesses At Once is Insane
Even Elon Musk said it, he would rather rub glass in his eyes than start 3 businesses at once again.
That demonstrates how hard and how much work is involved when going this route.
Just start one at a time! I had a super hustler of a mentor who was on a different level, and that influence rubbed off.
I learned a ton, but I should've just applied that hustle in one direction and it would have been much more simple.
3. Salvage Lessons From Each Failure
If you take something away from each time you get setback, you catapult forward faster.
If you just sit in your mistake and waste time, you learn nothing and might even do the same thing again. Life teaches us many lessons when we mess up, and until we learn the lesson, it comes back again and again.
Don't let past failures keep haunting you. Just learn what they were trying to teach and move forward.
4. It's Much Easier When You're Obsessed
By becoming obsessed with what you're doing, in a positive way, you can make strides past people who are not interested in what they do. By coming alive with .... dare I say it... passion, for what you're working on, not necessarily YOUR passion, you become charged with the outcome and progress.
The process is so worth it for you that you enjoy it most of the time. You won't love it every day all day, because it'll get tough, boring, monotonous at times.
However, by keeping possibilities in front of you and planning your attack, you get excited each day because you're contributing to a big picture game.
5. Each Business Model Has Qualifications
You will have to choose the pros and cons of each because they're not all going to evenly stack up to where you want to be.
Pick a business model that fits the desired lifestyle, and always make your means match your ends of acquiring the goal. Figure out how you can provide valuable things to your market, and build your own life off of your success too!
That's a Pareto efficiency, or a win-win.
Look for the win-wins and the models that have the shallowest downsides/cons. This way, you won't waste time like I did, figuring out what type of ground is safe for your empire.
See the full lessons here: http://www.motiveinmotion.com/failing-drop-shipping/
What about you? Have you drop shipped? Have you failed other types of businesses? Let me know below!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
