I Figured Out How 20-Year-Olds Built $1B Companies
Jan 12, 2024
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The podcast discusses how 20-year-olds built $1B companies and the unique way they view business. The host shares his own journey and how he learned from these CEOs. Chapters focus on overcoming challenges, setting big dreams, and strategies for personal and professional development.
To overcome growth pain, entrepreneurs can implement the buyback principle by hiring people to buy back their time and focusing on organizing their calendar instead of simply hiring more employees.
When facing a growth pain line, entrepreneurs need to follow a loop approach involving audit, transfer, and decide steps, which helps in managing time and energy, delegating tasks, and making necessary changes to overcome growth pain and continue to thrive.
Deep dives
Strategies to Overcome Growth Pain
Many entrepreneurs reach a point in their business growth where it becomes painful. They may choose to stall, thinking they made enough money last year and not pushing for further growth. However, the market continues to grow, and customers demand more. Top employees also need a bigger future to stay motivated. Another response is sabotage, where entrepreneurs take a break or sabbatical during challenging times, missing the opportunity for growth and skill development. The third response is to sell the business, but this doesn't solve the underlying issue of hitting a complexity ceiling. To overcome growth pain, entrepreneurs can implement strategies such as the buyback principle, which involves hiring people to buy back their time and focusing on organizing their calendar instead of simply hiring more employees.
The Loop Approach and Calendar Audit
When facing a growth pain line, entrepreneurs need to follow a loop approach to move forward. This approach involves three steps: audit, transfer, and decide. Audit involves examining the calendar for time and energy usage, identifying tasks that drain energy and can be delegated. Transfer allows entrepreneurs to give work to others without taking more time, using methods like the camcorder method. The final step is the deciding phase, where entrepreneurs must commit to making the necessary changes and avoid falling into the trap of seeking a four-hour workweek. By implementing this loop approach and carefully managing their calendar, entrepreneurs can overcome growth pain and continue to thrive.
Learn how these 20-year-olds were building $1B companies
Little did I know, they looked at business in a completely different way.
I learned a TON.
Fast forward to today, and I'm 44 years old, living a life I could've only dreamed about.
I’ve invested in over 125 tech startups, bought 3 software companies, built and exited 3 companies, and I own one of the largest coaching organizations for software CEOs.
But this wouldn't have happened if I hadn't been exposed to how these CEOs operated.
I recently shared this journey at the 'All In Freedom Conference' in Dallas and would love to share it with you too.