00:04:56.660If you had to build something from nothing starting today with no money, no connections, no audience, what would your first 90 days look like?
00:05:55.920And if you're passionate about it and you like it,
00:06:00.780it's better because it's something that you're interested in which means you're going to have
00:06:08.080more knowledge and it also means that during this time where you're not making any money you're still
00:06:13.440going to enjoy doing the work yeah all right so the fumes of passion yeah pretty much dude a lot
00:06:20.680of people say well passion doesn't matter no it doesn't matter once you get established yeah
00:06:24.680But it does matter in the beginning phases when no money's coming in, everything seems pretty dark, it's really, really hard.
00:06:33.080You have to still be interested in what it is that you're selling because that enthusiasm around what you're selling is what's going to get you your first few customers.
00:06:43.780You know, obviously, coming up with the idea for a product.
00:06:47.520nowadays we have you know a situation where we could create a landing page um with digital you
00:06:56.020know a digital landing page run ads for very inexpensive and test if there's a market for
00:07:01.860the product before we ever create the product so you didn't used to be able to do that what you
00:07:06.300used to do is you have to make a product and then do the whole thing and then see if it works now we
00:07:12.000have the ability to develop a concept create a page put the page out in public and then see
00:07:18.820if there's a demand for it which I that's the kind of testing that I would do over that 90 days so
00:07:24.140that first 90 days would be the concept the idea the development of you know what the business
00:07:31.740looks like at scale not just what it looks like today a lot of people in the beginning they focus
00:07:37.640on what they lack in income right now, like I'm trying to make an extra $2,000 a month
00:07:43.260or $3,000 a month, and that's important, okay, but the bigger thing that you really need
00:07:50.080to think about is where does it go in five years, where does it go in 10 years, and so
00:07:54.980I would spend the first 90 days working whatever job that it is that I work, okay, to pay the
00:08:02.200bills, and I would do all of those things over the 90 days.
00:08:05.180I would create an idea, I would create a concept, I would create a brand, I would test it and then validate if there's a demand and then, you know, we would move on from that point in time.
00:08:16.540Let me ask you this because I feel like a lot of people are, oh, you know, knowing what you know now, right?
00:08:20.560Like, but even that aside, is it easier now in today's world to start a business and get one going?
00:08:32.540okay like I said a minute ago you know in 1999 for me to start a nutritional supplement vitamin
00:08:41.560store I'm taking a big risk okay so I'm looking at other companies and saying okay well GNC does
00:08:49.280this vitamin shop does this I could do this but I don't really know for sure how much interest
00:08:55.620there is in that I'm counting on me being able to take market share from them which when you're
00:09:00.240a very small startup that's unlikely because of the resource difference that you're going to have
00:09:04.840so uh and nowadays you know you have the ability as an individual especially with ai to do work
00:09:15.740that would take a year to get done and you could do that in a week so i mean nowadays is much much
00:09:23.520much easier it's so much easier that like people don't even understand how good they have it yeah
00:09:29.580right like it's it's it's a it's a an embarrassment of riches in terms of the opportunity yeah and um
00:09:37.340but what's the catch you know i'm saying like like what what like it's easier to start one
00:09:41.820but what's the difference what makes it harder i guess now well breaking free from that first
00:09:46.620initial you know uh small digital company that's selling widgets or whatever it is and then scaling
00:09:52.380that out into a real brand yeah you know we have a lot of quote unquote experts online that will
00:09:57.100tell you how to create a you know a page with you know a headline or a hook and and how to convert
00:10:03.500it and all these things but what they don't tell you is how to convert that into an actual company
00:10:07.680with enterprise value back end which that's how people get wealthy dude people don't get wealthy
00:10:12.260very few people get wealthy from cash flow most people get wealthy from creating an asset that
00:10:17.040they can sell later on and that's why the conversation needs to move especially in the
00:10:22.640concept phase of okay am i making an extra five thousand dollars a month or ten thousand dollars
00:10:28.200a month and what's that look like in five years is it is it is it a real company that can be built
00:10:34.300and possibly exited to somebody else uh can it really disrupt an industry because dude the game
00:10:41.620of business now unfortunately and fortunately unfortunately because most of the big the biggest
00:10:49.200companies in the world are gobbling up all the smallest companies with potential and then they
00:10:52.980buy them and then they scale them that makes it easier for people to get wealthy on the back side
00:10:58.240of their business but the the the flip side of that is like the same people own all the companies
00:11:03.460right which nobody likes um so to answer your question i mean dude it's infinitely easier now
00:11:11.560than it ever has been and you know to say what would my first 90 days look like you know what
00:11:18.300i just described you could figure out you could literally do that in a week so um you know i would
00:11:25.060compress down that concept that i just explained for 90 days and i think you could do that in a
00:11:30.460week or two and then make a decision about what it is you want to do from there yeah oh yeah man
00:11:35.920nice and easy to uh yeah nice and easy to get going let's uh let's hit our next one another
00:11:40.140video submission check this one out hey andy i co-own a plumbing company with my husband
00:11:47.060it's scaling fast we went from 1.6 million and 23 to 3 million and 24 to 5 million and 25 and this
00:11:56.120year our targets are ranging between 8 and 10 million that's awesome within the last year we've
00:12:01.180built out a leadership team my natural communication style is direct and i tend to spot issues early
00:12:07.880but now it's more often being perceived as micromanaging and i'm ruffling feathers
00:12:13.580How do I adapt my leadership communication so that I'm more empowering my team and allowing them to own their own roles, but at the same time without lowering my standards for excellence or letting mistakes become critical?
00:12:30.440I tend to be blunt and direct and pair that with the issues of finding or pair that with finding issues before anyone else.