47 Entrepreneurial Insights: Practical Advice for Success and Growth

Justin Welsh

47 Entrepreneurial Insights: Practical Advice for Success and Growth

  • Stop reading 100+ business books & just start.
  • If people root for you to fail, cut them out of your life.
  • The best entrepreneurs know how to teach themselves.
  • You learn 100x more by trying than by reading ab someone else.
  • If you don't know how to sell, you're going to struggle.
  • Thick skin is a prerequisite for building in public.
  • You go 10x faster by supporting people, not tearing them down.
  • No matter how good your product is, someone will hate it.
  • Price whatever you offer at a rate you'd be comfortable paying.
  • Your network can either speed you up or slow you down.
  • Pessimists are often right, and optimists are often wealthy.
  • Stop asking everyone, and start figuring shit out on your own.
  • If you don't respect people's time, they won't respect you.
  • Always over-communicate.
  • Assume you can learn something from everyone.

you can learn something from everyone

  • Assume everyone you talk to is also full of shit.
  • Your business heroes are regular people who took action.
  • If you can make $1, you can make $1,000.

How to make your first $1 on the internet

  • If you can make $1,000 you can probably make $100k.
  • Don't ask random people questions. Ask your customers.
  • You don't need meditation and sunlight. You need action.
  • Don't "find a mentor". Do interesting things & attract mentors.
  • Promote yourself online every day.
  • Write daily for at least 30 minutes.
  • Ignore haters. They are the least interesting people.
  • Help others and let them reciprocate. If they never do, move on.
  • Go to therapy and be honest.
  • Drink less alcohol.
  • Start with one revenue stream, but diversify shortly after.
  • Anyone selling instant results is a con.
  • Systems beat motivation & discipline every time.
  • Quit focusing on tools and tech. Just use what you know.
  • Experiment often, but never with 2 new variables.
  • Use data to create better content.

Use data to create better content

  • Never plagiarize people but borrow shamelessly.
  • Stop trying to be cool. Be successful. Cool will come.
  • You're a lot less clever than you think you are. Be clear.
  • Be on time for important things. You're not a teenager.
  • Nobody is coming to save you.
  • Arguing online is a waste of time and energy.
  • Don't be arrogant, but have a mindset that you can do anything.
  • You never know what will resonate. Try a lot of different things.
  • Don't argue with your customers.
  • Everyone has the same 24 hours. It's how you use it.
  • It's not helpful to study Elon and Bezos if you're making $0.
  • Nobody cares about you. They care what you can do for them.
  • Quitters win a lot because they know when to give up.
Source: https://twitter.com/thejustinwelsh/status/1637792023808729089

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