#482: Entrepreneurship Rule #1: You Have To Get In The Game

12 snips

Jul 26, 2022

Success in entrepreneurship starts with getting in the game. Embracing action over hesitation is crucial, as is learning from failures. The speaker recounts their first NFT auction experience, sharing the emotional rollercoaster of the bidding process. This highlights the importance of stepping outside your comfort zone and tackling challenges head-on. Clear goal-setting and immediate action propel personal growth. Remember, real progress comes from embracing imperfections and seizing opportunities, not just from theoretical knowledge.

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INSIGHT

Entrepreneurial Mindset

Entrepreneurship involves mindset management, risk-taking, and resilience.
Learning from mistakes and viewing challenges as opportunities for growth are crucial.

ANECDOTE

NFT Auction Experience

Amy and her husband bought their first NFT, venturing into a new area.
The experience of bidding in an NFT auction taught them valuable lessons they couldn't have learned passively.

ADVICE

Get in the Game

Cut bait and get in the game; take action on your learnings.
Experiment and find tangible applications for your knowledge.

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Spoiler alert: You cannot win a game you do not play

Do you ever think back to when you were a kid playing sports, and what you felt like as you stood on the sidelines of the soccer field, or the ice skating rink, or basketball court?

For me, it was cheerleading.

If you were anything like me, you were probably a little bit nervous (ok… let’s be real -- a lot nervous). Your palms were sweaty, you felt your heart beating through your chest, and even though you had been practicing for weeks, you were afraid to get out there.

All of a sudden your coach looks at you and says, “Go.” She gives you a nudge, and just like that, game on – it’s go time.

And somehow, once you’re in motion all your fear disappears. All of that nervous energy turns into adrenaline and you think to yourself, “I’ve got this.”

You feel incredible because you’re doing it, and you didn’t think you could.

Now, you’re probably wondering why I’m sharing sports analogies with you, and I’ll tell you, sweet friend -- it’s because if you want to be successful as an entrepreneur, you have to be able to get in the game, get into motion without hesitation.

You have to be willing to take calculated risks, willing to fail, and willing to put yourself out there without feeling 100% ready. If I’ve learned one thing over the years, it’s that there’s power in being in the game, even if it’s imperfect.

In this episode, you’ll hear about a recent experience where my own ability to take a calculated risk was put to the test. Yes, it was uncomfortable… and yes, I was afraid I was going to embarrass myself. But I did it, and let me tell you, it was totally worth it.

So if you’re ready to hear what it is, grab your favorite iced beverage, turn up the volume, and tune in. And I promise, no more sports analogies. ;)

Here’s a glance at this episode...

[02:25] You know that being an entrepreneur is so much more than owning a business or multiple businesses. Managing your mindset can be more difficult than any of the other tasks that we do.
[03:10] Failure only gives you the opportunity to grow. It's hard to get in this frame of mind, when things aren't going well, but remind yourself that you're learning and growing.
[04:31] Hobie and I bought an NFT. When the auction happened, I realized that I didn't know what I needed until I got in the game and tried it.
[06:53] That night, I realized that I learned five things that I never would have learned by reading books or watching videos, or asking questions. I had to get off the sidelines and get into action!
[10:42] You do not know what you need to know until you get in the game. Where are you standing on the sidelines? There's a point where you need to cut bait and get in the game.
[14:21] If you're struggling in an area or chasing a goal or chasing a dream, and you're clear on what you want, then where do you need to get in the game now?
[16:25] Remember, no time is going to be perfect. Getting in the game will be the best education that you could possibly imagine.

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