Did you know 50% of small businesses fail within 5 years?
In this video I explain some tactical tips to avoid the peaks and valleys, when it comes to starting and scaling a business.
Everyone wants to be a boss until it’s time to be a boss. Tyler ‘T-Boss’ Bossetti here yet again to share some free value and hopefully give you guys some entertainment if you guys are sitting around with your thumb up your butt hanging out and again I want to shed some insight on the lifestyle of an entrepreneur.
You know to be quite honest with you the digital age that we’re in social media all these different distractions can almost be too much and a lot of comparison right you can be comparing what you have versus somebody else and to be quite honest with you all of us are just sharing our highlight reels at the end of the day and being an entrepreneur has a lot of ups has a lot of downs.
So hopefully you guys can have some key takeaways from this video to prevent the peaks and valleys right just have consistent growth and that is why the emoji is my favorite emoji because there’s going to be ups and downs and that’s okay in fact you should embrace it but hopefully you guys are able to have some key takeaways from this video and understand really what it’s like in terms of a lifestyle perspective to have consistent growth and ultimately what it means in my eyes and my perspective to be an entrepreneur okay.
So number one I think that you should be a master of capital all right and what I mean by that is three specific areas a master of people master of processes and a master of profit putting people in the right places and making sure that they are a good fit for your business venture whether you are mowing lawns or whether you’re building a financial services company or you’re building a videographer company.
You have to make sure you understand how to deal with people all right and the second piece of that is because people are going to build the business right the build the business is not going to build itself people build businesses and when people have strategic expectations and processes to follow that leads to more time and cost-effective profits all right.
If that job can get done in an hour for half the cost because of the people the processes that have been implemented guess what everyone’s going to make more money so being a master of capital allows everyone across the entire company and yourself included to live a better life personally professionally financially and the second piece when it comes to the lifestyle of an entrepreneur and really a key takeaway that I’ve had my entire life is adversity and embracing adversity.
There’s really two types of adversity there’s creative diversity and there is really unplanned adversity just what is called life life happens things happen and you have to make sure that you are dialed in hypothetically at all times to put yourself in the best position to succeed right.
So creating routines creating habits that are good habits that are not toxic habits getting yourself in the right environment making sure that you are doing whatever you can to get around people doing things that have the right values as you right if you don’t value yourself and your time and your business then no one else around you is going to value that as well.
What you probably have to do is tuck away and be the crazy one and have people question what you’re doing versus align with what you’re doing and getting around people that have similar values as you is really going to take you to the next level in creating those habitual routines for me I found that running was a great way for me for me to escape the chaos and put myself in very uncomfortable situations.
I can tell you right now running a hundred miles or running ultra marathons is not fun there’s a sick part of me that actually loves it but it’s creating that consistent adversity to make sure when real life happens I’m actually more prepared versus not having something to turn to something that actually pushes me mentally and physically okay.
So number two again is adversity making sure that you do things on a consistent basis that create adversity and last but not least is a master of consistency in fact today I didn’t even want to film this video I was like four seconds away from texting Anthony on the other side of the screen hey man I have a lot going on and I don’t want to film today let’s film another day but in reality you’re being probably a little all right.
All it takes is you sitting in a chair and talking to a camera it’s not rocket science and in fact a lot of things that you should be doing is not rocket science it’s really not that hard but the beauty of consistency is we all know what we need to be doing every single day and if we can just focus right get our subconscious and conscious mind to focus on one to three things a day that we do day in day out.
There’s gonna be good days there’s gonna be bad days there’s gonna be all those days in between but if you could just be consistent right what I was able to do is I was able to take every single penny that I’ve ever earned in my previous career as a mortgage lender to sacrifice not buying a bunch of fancy and in fact putting that into you know actual assets like real estate.
Every single month putting money into real estate every single month putting that into my insurance accounts into my brokerage accounts so I can reflect back now and go okay wow we have some momentum now right because I was consistent, I was a master of capital ,I was a master of creating and being prepared for adversity and I was a master of consistency and look I am nowhere near where I want to be and I’m sure you’re not either but hopefully this sheds some light on what it takes to be an entrepreneur and ultimately what it takes to be a part of the one percent all right.
The lifestyle is a grind all right I don’t think that you should just you know exclude everyone from your life and not have fun in fact that is not what I’m saying it’s just not as fluff as people make it out to be okay so don’t compare yourself to others and it’s really good to see and do you know things that others are doing whether it’s buying things or going on trips but at the end of the day you are you and finding ways to implement those three areas.
I think you’re going to be able to see growth and ultimately hopefully you guys got value from this shed some light on what you guys do as an entrepreneur would love to see whether it’s a specific habit whether it’s specific routine or something that you took away from your life versus what you put into your life.
I think that’s a great way to grow as well is not necessarily adding on something to your plate but in fact it’s probably taking something away from your environment from your day-to-day routine and that is ultimately going to lead to growth so again hopefully you guys got value from this if you did drop a comment below let’s connect on Instagram and looking forward to seeing you guys here in this next video.