#4. Entrepreneurship can result in burnout... or the 90% failure rate
Yes, that’s very true. Unfortunately, I too made the kinds of mistakes that led to my own burnout.
It's also a foregone conclusion if you follow the advise of those who are just concerned with profit and have no regard for scalability or automation. Or the counsel of the above-mentioned coaches.
1) burnout is avoidable
2) building an online business is well worth attempting
3) I have plenty of tips to help you with your productivity here (Intelligence Maps)
After my own experience with burnout - back in 2007-2010 - I never want to go back there so I’ve been focusing on finding ways to avoid it.
Please do not, however, misunderstand that my course teaches you that hard work is not required. Working hard, as in intensive and focused effort, is unquestionably necessary, particularly during the first 2-3 years. However, if it is also smart work, you will be able to prevent burnout (there are a few other conditions; visit the FAQs for more)
As we all know, life is full of paradoxes, and one that applies to all aspects of life is the fact that discipline breeds freedom.
Entrepreneurship has its own set of paradoxes including when it comes to productivity, which is a prerequisite for time freedom.
While technology leads to freedom, any new app, as mentioned above, implies a learning curve, which means more time and effort at the beginning at least. That isn't the only paradox associated to productivity. The second is that an increase in technology may not necessarily translate to an increase in productivity and time freedom. Rather “the same technology tools that have led to improvements in productivity can be counterproductive if overused” as Matt Richtel explained in his New York Times article.
This is why it is so vital to understand what you genuinely require in terms of technology, both short and medium term and limit yourself to it.
Working hard but not smart, wasting time, and getting caught in non-strategic activity are constant traps for entrepreneurs. For all stages of business building, promoting & operating it, and even before starting (see my free training on this topic)
However, as previously indicated, the best moment to be an online entrepreneur is right now. People are staying at home more than ever before, searching for information, answers, products, and services online. Life is changing dramatically and not just because of the pandemic…
Online entrepreneurship offers the biggest wealth accelerator factor by far, unmatched by anything else, and unrivaled thus far in history, thus it's worth the work of learning to escape the trap of burnout, in my opinion.
It's also one of the primary reasons I developed my Time Saving Hustle coaching & courses: Course & Mini Course.
But, once again, if you don't have the patience to learn how to work smart, don't even begin.
#5. I don’t feel ready
It’s really not about feelings… or even being ready. It’s about commitment and what you do with your own dreams.
Will you regret next year not having started now?
Also if we are not the right fit, I will not take you on board and you will be reimbursed if you already paid and it turns out we are not a good match (see FAQs below).
#6. I don’t have the time
This is a common excuse… yet totally unfounded. Decide to make time if what you want to achieve through your business really matters. And if it doesn’t, then keep doing what you’re doing.
But if your dreams and goals do matter then my course is intended to actually teach you how to make more time while also building the best asset you could possibly build: your own business.
#7. It’s too expensive… I can’t invest in a premium business coaching course I’d rather invest in my business
Let's start with investing in your business. Without a strong mentor, your odds of saving both time and money are really low. This is simply a fact and basic sense.
Second, is my course expensive?
For what it provides, I believe it is quite the opposite... (By the way prices are subject to increase each year)
1. It saves you time at all three stages of business – which, in my opinion, is priceless
2. It's a premium coaching program with direct access to me.
According to my research, the majority of competitor offers are not only more expensive, but they also do not provide direct access to the program's founder, but rather a group of coaches who may or may not have the same entrepreneurial knowledge and experience.
3. It also saves money
Advertisers have a saying: it’s either fast and good but not cheap, fast and cheap but not good, good and cheap but not fast.
Typically, what saves you time will not save you money... and vice versa. At least, that is frequently the case.
But not here. I believe every entrepreneur should learn how to develop a lean startup. I use largely free apps and only pay for my course hosting and a few other must-have apps.
It’s actually interesting that the best and most essential apps also have free or low-cost subscriptions.
Still I do recognize that some people simply have limited resources to invest especially when starting out, so I've developed two other ways you can work with me: a scaled down version of this program, that still includes all the coaching part - my Signature Course - this is a 4 months implementation and accountability program with detailed instructions and thorough support that guides you step by step.
Or just a course without any coaching for those who don't feel they need the problem solving assistance or accountability parts: Mini Course.
#8. I've already started and am not making much money; what if I discover I started the wrong business?
Well, if that's the case, the sooner you find out and make changes, the better. I remember chasing a business idea that didn't connect with my purpose or even core interests. I just wanted to test if I could make it work and make some fast cash to help another startup... Result? I regret spending too much time on it. It simply wasn’t for me and I wished I had a coach to tell me to move on!
It's never too late to make a change.
A much better outcome: you'll feel fantastic if you discover you have the proper idea and model, while also learning about the many online models, their advantages and cons, and what scalability and automation imply. The kind of business knowledge that will have a direct impact on your ability to expand your business in the long run.
#9. There are far too many competitors in the niche I'm interested in... who needs another?
The idea that the market (regardless of niche) is saturated and there is no room for a new online entrant is simply false. There is a place online for everyone, especially as more traditional businesses and concepts abandon their old methods and join the online revolution.
In fact, studies show that the self-education industry is expected to double in just six years, from 2020 to 2026.
If you follow the given instructions and if you understand a few fundamental truths about online entrepreneurship (which I summarize in all of my courses), you will dramatically increase your chances of having a profitable online business and thus achieving time freedom in a matter of years. And this, again, is an incredible opportunity that is unique to our times.