Bruce Wayne on Nostr: If you want to make millions as an entrepreneur, I’ve done it twice with two ...
If you want to make millions as an entrepreneur, I’ve done it twice with two businesses in two different industries.
I also made a lot of mistakes along the way.
So here are 10 pieces of advice I’d give myself if I had to do it again:
1) Ideas without action mean nothing
You can have decades of experience and 1,000 great ideas...
But your ideas are worthless until you act on them.
If you want to hit a home run, you need to start swinging and learn along the way.
And if you're afraid of failure...
2) Stick to your values
You can talk yourself into anything...
But you should never betray your values.
If your gut reaction doesn't feel right, walk away or pivot.
But if you KNOW you're on the right track, double down.
Even if you're struggling.
3) Learn to say no
Time is your most valuable resource.
Nothing will slow down your progress (and kill your happiness) like spreading yourself too thin.
You can't help everyone. Be selective with how you spend your time.
4) Be irreplaceable
If you want to "make it" in business, you need to have something to offer that NO ONE else can give.
Make yourself so valuable that no single person can replace you.
Crank up your value and watch your network explode.
5) Ownership is everything
You can work your fingers to the bone, but if you don't have own the business...
You're building someone else's dream.
And remember: no partnership is forever.
There's another critical aspect of ownership most ignore:
Ownership of your mistakes and failures.
Pushing blame on others and avoiding responsibility will kill your career faster than you can say "scammer".
You need to have a zero-tolerance policy on bullshit.
6) Be persistent
One thing is certain: business is not for the weak.
You will have failures. You'll burn out.
Sometimes, you'll feel like you've wasted years of your life.
But you need to keep going.
Winners all have at least one thing in common:
They didn't quit.
7) Avoid bad debt
Learning how to leverage debt is a big part of the game.
Cashflow should be your priority so avoid spending it on things like clothes or cars you can't afford.
Instead, learn how to use debt to execute on ideas to grow your business.
8) Stay humble
Once you get a taste of success...
You need to keep your head on straight. The game is just beginning.
No better way to burn it all to the ground than to let success go to your head.
Keep it quiet and humble.
9) See setbacks as lessons
If you've read my threads, you know I've had my fair share of setbacks.
By all logic, they should have ruined me.
Instead, I used failure as a springboard
and leveled up.
Now, I have a ton of insane stories and a boatload of experience.
10) Don't be too proud to learn
"Having it all figured out" is overrated.
You can only stop learning if you DECIDE to stop learning.
You know you've made it when you're the dumbest person in the boardroom.
I also made a lot of mistakes along the way.
So here are 10 pieces of advice I’d give myself if I had to do it again:
1) Ideas without action mean nothing
You can have decades of experience and 1,000 great ideas...
But your ideas are worthless until you act on them.
If you want to hit a home run, you need to start swinging and learn along the way.
And if you're afraid of failure...
2) Stick to your values
You can talk yourself into anything...
But you should never betray your values.
If your gut reaction doesn't feel right, walk away or pivot.
But if you KNOW you're on the right track, double down.
Even if you're struggling.
3) Learn to say no
Time is your most valuable resource.
Nothing will slow down your progress (and kill your happiness) like spreading yourself too thin.
You can't help everyone. Be selective with how you spend your time.
4) Be irreplaceable
If you want to "make it" in business, you need to have something to offer that NO ONE else can give.
Make yourself so valuable that no single person can replace you.
Crank up your value and watch your network explode.
5) Ownership is everything
You can work your fingers to the bone, but if you don't have own the business...
You're building someone else's dream.
And remember: no partnership is forever.
There's another critical aspect of ownership most ignore:
Ownership of your mistakes and failures.
Pushing blame on others and avoiding responsibility will kill your career faster than you can say "scammer".
You need to have a zero-tolerance policy on bullshit.
6) Be persistent
One thing is certain: business is not for the weak.
You will have failures. You'll burn out.
Sometimes, you'll feel like you've wasted years of your life.
But you need to keep going.
Winners all have at least one thing in common:
They didn't quit.
7) Avoid bad debt
Learning how to leverage debt is a big part of the game.
Cashflow should be your priority so avoid spending it on things like clothes or cars you can't afford.
Instead, learn how to use debt to execute on ideas to grow your business.
8) Stay humble
Once you get a taste of success...
You need to keep your head on straight. The game is just beginning.
No better way to burn it all to the ground than to let success go to your head.
Keep it quiet and humble.
9) See setbacks as lessons
If you've read my threads, you know I've had my fair share of setbacks.
By all logic, they should have ruined me.
Instead, I used failure as a springboard
and leveled up.
Now, I have a ton of insane stories and a boatload of experience.
10) Don't be too proud to learn
"Having it all figured out" is overrated.
You can only stop learning if you DECIDE to stop learning.
You know you've made it when you're the dumbest person in the boardroom.