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Kindle Notes & Highlights
by
Pat Flynn
Read between
February 3 - February 20, 2020
“Speed is only useful if you’re running in the right direction.”
I’ve shifted his thinking from “I can’t” to “I haven’t figured it out yet.”
“An idea is salvation by imagination.”
Good ideas are common, but those who are willing to take action and execute those ideas are far more rare.
“There are risks and costs to action. But they are far less than the long range risks of comfortable inaction.”
go forth and conquer, or pull back and regroup to try again in a different way.
NASA has never launched a mission just because it “sounded like a good idea,” and neither should you.
“Vision without action is a daydream. Action without vision is a nightmare.” — Japanese Proverb
When you choose to live the life of an entrepreneur, you choose a path of freedom. You choose to live life on your own terms and can shape it into whatever you want it to be. In fact, everyone is capable of this freedom, but it is the entrepreneur who has mentally turned off autopilot and has taken control of his or her own future.
It’s when your idea supports your lifestyle goals that it becomes worth exploring more.
The truth is if you don’t have a passion for what you are doing, your energy will eventually fizzle out.
What’s happening in your life five years from now that makes you respond like this?
“Building a successful business is no longer about B2B or B2C. It’s about P2P, those people-to-people relationships.”
“Fear is good. Like self-doubt, fear is an indicator. Fear tells us what we have to do. Remember our rule of thumb: The more scared we are of a work or calling, the more sure we can be that we have to do it.”
What can you bring to the table that no one else can? What is your unfair advantage?
Most people never execute on their ideas because they just never execute.
I positioned myself as simply the curator of valuable information.
1 negative comment > 100 positive comments
If there is no respect found in someone’s comment or response, then there is no need to pay them any attention.
Every second you waste thinking about a hater or troll is a second you’re taking away from those who matter and can benefit from what you have to offer.
the ritual of becoming an entrepreneur.
When I lead into asking about my idea, I always ask first if they have time to answer a quick question.
A lot of people get timid in the face of a recording device, and you may end up getting answers you want to hear, rather than those you need to hear.
Why do you say that? What else do you think is missing? Why is that important to you? What would be ideal with that? What else comes to mind about that?
it’s important to record any important discoveries immediately after these conversations happen.
“If you can define the problem better than your target customer, they will automatically assume you have the solution.” —Jay Abraham
you don’t have to go big in the world to experience success. You just have to be big in somebody’s world.
So to go back to Andrew’s question. Was I thinking too small? No, I wasn’t. I was thinking small enough.
The Riches are in the Niches
We need to know what kind of box we’re in before that we can think outside of it.
“Different is better than better.”
That’s what you want to be—a breath of fresh air to your audience.
With that being said, the ironic part of taking charge and building a business for yourself is that in order for it to succeed, you have to realize that the business is actually not about you at all. It’s about serving your target customer.
Your earnings are a byproduct of how well you serve your audience,
The potential consequence, however, may be that you enter a niche that you’re not really interested in, nor care to serve.
When you can extract the pain, the marketing almost takes care of itself.
Where in that journey did someone need a hero who wasn’t there for him or her?
“Intuition and experience are poor predictors of which products and businesses will be profitable…To get an accurate indicator of commercial viability, don’t ask people if they would buy—ask them to buy. The response to the second is the only one that matters.”
Listen to others, but trust your numbers.
successful validation also comes with understanding why things happened the way they did.
You really have to believe in what you’re doing, or else no one else will.
Let your results speak for you, and surround yourself with like-minded people who support you, can lift you up, and help you by holding you accountable without putting you down.
Pick two or three of the forums in your database and spend at least a week posting valuable information and responding to questions before asking for anything in return.
I suggest starting with three to five groups and participating daily for a week before asking for any favors of any kind.
people love to talk about themselves, and when given the opportunity, they will do just that. Open up the floor to allow them to share what it is they do and try to keep it related to the topic or market they are in.
Your own personal accolades are not as important as why you are serving them,
Just remember every second you stay upset or mad about a negative comment is a second you take away from improving your business, and the lives of others.
The secret to success … is work. That’s it. It’s hard and tiring but if you want it, you can do anything.
“You are the average of the five people you spend the most time with.”
Why have you decided to become an entrepreneur?
