Every entrepreneur faces challenges, especially in the first year in business, transitioning from having a job to investing in a venture without guaranteed sales or return on investment.
But this is also where excitement, resilience, creativity, and determination come into play as you face rejection, failure, and judgment from other people in the process.
That is why there should be a "daily method of operation" to overcome these obstacles as soon as the initial year.
One of Balazs W Kardos' mentees asked about his daily method of operation in one of their Diamond Life Mentorship calls, which led him to share how he went from the bottom to the top and his community ranking first for four months in a row in a global contest after ten years in business.
Balazs suggests that the key to reaching your goals and dreams is taking action without avoiding fear and rejection. He stayed determined and saw setbacks as opportunities to learn and grow.
And Balazs didn't just talk about his goals. He also asked for advice from others to improve his strategies and balanced his work with his personal life, understanding that both were important for long-term success.
He also recommends that whatever you learn, you have to do it and teach it. Balazs' success shows that when you share your journey with others, you gain more knowledge and can help others. If you persevere, have sales skills, and are a leader, anything is possible.
By the end of 2024, he expects to reach $250 million in sales and see a 30% increase in monthly downloads.
"I wasn't attached to what people would say. And, to me, it was a numbers game where I had to feel like I didn't waste a day. That was the level of urgency that I operated with, that became my daily method of operation." - Balazs W Kardos
Tune into this episode to explore the nuances of entrepreneurship and learn how to navigate fear, failure, and judgment during the first year in business.
Key Diamond Nuggets In This Episode:
- How do you balance work and personal life when transitioning into business?
- How can you transfer your current skill set to leverage in entrepreneurship?
- Why prioritize learning, doing, and teaching daily to be successful?
- How do you overcome the fear of rejection by asking for feedback?
- How do you build a successful business through sales and leadership?
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