Entrepreneurs share their experiences of overcoming fear of failure, handling self-doubt, transitioning from in-person to online services, coping with loneliness, and reentering entrepreneurship.
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Quick takeaways
Building a strong support network with like-minded individuals is essential to combat the loneliness and isolation that can come with entrepreneurship.
Even if currently working a 9-5 job, it is possible to continue pursuing entrepreneurial dreams by using evenings and weekends to work on business ideas, promote services, and develop skills.
Deep dives
Promoting and Building a Business Network
To overcome the feelings of loneliness and isolation that can come with entrepreneurship, it is important to join a community of like-minded individuals. This can be done by reaching out to others in the same industry online and offline, and attending events or meetups. By connecting with others who are on a similar path, you can share experiences, exchange knowledge, and find support to help you stay motivated and focused on your goals.
Rekindling Entrepreneurial Spirit
If you have temporarily stepped away from full-time entrepreneurship and are now working a 9 to 5 job, it does not mean that you cannot pursue your entrepreneurial dreams anymore. Use this time to regain financial stability and build a plan for reentering the entrepreneurial world. Use your evenings and weekends to continue working on your business ideas, promoting your services, and developing your skills. Focus on increasing your sales velocity by making content, reaching out to potential clients, and learning effective sales strategies.
Building a Thriving Accounting Business
As an accountant and bookkeeper, your services are always in demand. Leverage your skillset by increasing your promotion and outreach efforts. Dedicate a minimum of four hours a day to creating content, reaching out to potential clients, and networking with others in the industry. Consider forming partnerships with HR or recruiting companies who can refer clients to you and vice versa. While creating content may not bring immediate business results, it will help nurture leads and establish credibility in your field over time.
Trusting the Process and Taking Action
Trust the process and take action consistently. Understand that entrepreneurship has its ups and downs, and setbacks are a part of the journey. Remember to communicate openly with your spouse about your goals and intentions, and find a balance between family time, work commitments, and personal development. Stay persistent, dedicate focused time to your business each day, and be patient as you build your network, client base, and expertise in your field.
“It's not about how hard you can hit, but it's about how hard you can get hit and keep going forward.” Today, Alex (@AlexHormozi) answers questions of entrepreneurs as they share their personal experiences, obstacles, and solutions faced in their respective entrepreneurial journeys. Key topics include dealing with the fear of failure, handling self-doubt, managing transition from in-person to online services, and coping with the loneliness that often accompanies success.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.
Timestamps:
(0:30) - Overcoming fear and analysis paralysis in self-publishing
(6:11) - Dealing with personal loss and maintaining composure
(12:44) - Navigating business challenges and making impactful decisions
(19:22) - Starting a business with a grand vision & the importance of starting small
(23:40) - Enduring the loneliness of success
(29:34) - Struggling to return to a 9-5 job
(32:49) - The power of promotion in entrepreneurship