Money, Happiness and High Prospects in Entrepreneurship (with Lewis Howes) Pt.1 - Nov. '23 | Ep 658
The Game with Alex Hormozi
The Five Stages of Entrepreneurship
The entrepreneurial journey can be described in five stages. It starts with uninformed optimism, where people are excited and eager to start. Then comes informed pessimism, where they realize the challenges and obstacles. This leads to the value of despair, where they question if it will ever work. However, the true value lies in the personal growth and development that occurs during this journey. The key is to reach informed optimism, where they have a better understanding and can navigate the challenges. Finally, they achieve their goals. The problem is that many people repeat this cycle instead of persevering. The journey is not always easy, but success can be achieved by learning from each stage.
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