On today’s Black Entrepreneur Blueprint podcast episode # 404, Jay discusses one of the most influential conversations he had that inspired him to chase his dream of becoming a successful entrepreneur. Jay breaks down the lessons that he learned in hopes that they may inspire you and other entrepreneurs.
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BLACK ENTREPRENEUR BLUEPRINT SHOW NOTES – EPISODE # 404
One of the stories that inspired me to be an entrepreneur was that of Joe Ragsdale. On today’s show, I’m going to break down this story and some of the lessons I learned from this story and my own entrepreneurial experiences.
- Meager beginnings don’t mean meager endings – everybody starts from zero unless you’re handed a business. Fortune 500 hundred companies started from a concept. Example: In 1994, Amazon.com started as an online bookstore that operated from Jeff Bezos’ garage at his residence in Bellevue, Washington
- Starting small is okay – everybody starts small and grows. The time value of consistency will transform a small business into a large business. All your major companies started as an idea. Example: BEB podcast
- Necessity is the mother of invention – meaning that when you don’t have many options, you’ll figure something out because you have no choice.
- Never underestimate the power of your “why” – Your “why” is the driving force that motivates you to achieve success. It takes you to places you never thought you could reach because your “why” is bigger than you.
- How bad do you really want it? – that’s the ultimate question. Most people say they want a specific result but don’t put in the work to achieve it. You need to have goals with timeframes to transform your thoughts into actions.
- Block out the naysayers and people that don’t understand – remember, your vision wasn’t given to everybody, it was only given to you. So be careful who you share your goals and dreams with because there are people that unfortunately don’t want you to be successful for some reason or another. Example: my friend who always talks negatively about my ideas.
- Just do something – you can plan and analyze until you’re blue in the face, but you won’t get anywhere until you do something. Put your business out there and see what response you get. You must get proof of concept and feedback and that can only be done by taking action.
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