I think that following your passion when it comes to building a business, is probably taking yourself towards the industries that are the most crowded and saturated. You'll oftentimes hear that the best businesses to start are those that are not sexy and the ones that most people just do not want to deal with at all. And if you do well in that unsexy industry, it conse itself free for a lifetime. Sometimes maybe even the generations that come after you. So this is why i don't advocate following passions, because it is a selfish inclination verss a market standard inclination of finding where there's actual vacancies and problems and voids in the market that you can attack and exploit.
IN THIS EPISODE, YOU’LL LEARN:
04:30 - Why MJ chose entrepreneurship as his preferred path to building wealth.
09:52 - MJ’s journey to building his first successful business.
18:14 - How he knew it was time to sell out of his business.
22:19 - Why following your passion in starting a business is bad advice.
26:03 - What MJ’s definition of wealth is.
40:14 Ways in which entrepreneurs can validate their business ideas.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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