What would be your advice for those trying to start their business during COVID-19?

What I’m about to share with you literally cost me thousands of dollars to learn, and here is the lesson…

You want to be optimistic when it comes to your vision, but pessimistic when it comes to your business model.

What do I mean by that?

When it comes to your vision of where you want to be, and where you want to see yourself this part you want to be optimistic knowing that you’re going to get there, that you’re going to be okay, and that you have the confidence within yourself to accomplish those goals, and that’s a good thing to have.

But, when it comes to your business model you want to be pessimistic, you want to challenge your own assumptions, you want to figure out ways that this thing could go wrong, this is the part you don’t want to be overly optimistic about.

There is a saying that goes like this:

“A smart person learns from his own mistakes, but a truly wise person learns from the mistakes of others”.

– Ken Schramm

Most business owners and entrepreneurs get into a business (just like yourself) and want to start a business during COVID-19.

But without proper skills and proper training, for example, let’s say you share an idea with me, the first question I have for you is…

What qualifies you to execute this idea?

Why you?

Why now?

What could you bring to the marketplace that’s not here right now?

Why should people buy from you?

What is your unique selling proposition?

Why should your prospects buy from you, versus buying from your competitors?

Who are your competitors?

Do you know what they sell, and how they sell it?

Do you know their business models?

Assuming you’ve done all the due diligence (And you probably haven’t), but assuming you have. How are you going to put your offer in front of the right audience?

How are you going to do your marketing?

How could you afford marketing?

What is your front-end offer, and what is your back-end offer?

What is your recurring offer?

Now I know some of you are simply going to say “Oh Adventago I’m just going to do some advertising like everyone else does on Facebook “.

Ok, how much you know about Facebook advertising?

Do you know how to talk to the audience?

Do you know how to do retargeting?

Do you know how to build a high converting funnel?

Do you know how to do copywriting?

Do you know how to use an email sequence?

Do know how any of those things work? Now, another thing you may say to me is “Oh Adventago I don’t care about those things, I’ll just hire others to do that for me”

Okay, do you know how to hire people?

How to hire, fire, and interview them?

How do you know that they’re doing a good job?

How do you put systems in place?

How do you measure their performance?

How do you measure the KPIs?

How to raise capital and tailor your share structure?

How much capital should you raise?

How could you afford these people in the first place?

If you cannot answer these questions in detail, then you’re not ready to start your business.

it’s that simple, and I’m not telling you this to make you feel bad or to crush your dreams, I’m telling you this to save your dreams from being blown to bits.

I’m telling you this because you need to be prepared if you’re going to start a business.

Because most entrepreneurs, get into business without properly equipping themselves, with the necessary skill sets.

They don’t even know what skill sets they need in order to make this work.

Do you know how to start, run, and grow, your business?

What skill sets do you need to know?

Do you know how to manage your own time?

Are you financially literate?

Can you work extremely long hours?

Can you manage your emotions well, due to the ups and downs?

Are you okay working alone without anyone believing in you?

Are you okay working for years without getting paid?

Even if you do your very best and you grind, and you work for years, are you okay knowing that, even if you give your very best that your chances of success are less than 10%?

And even if you managed to stay in business, there is a 94% chance you’ll never get past $1,000,000 in revenue, once all is said and done, after you deduct all the overhead and all the expenses?

You might make less than your employees, are you okay with that? Well, guess what my friend that’s entrepreneurship.

It’s not what you see on Instagram, entrepreneurship is harder than you could ever imagine.

It’s not glamorous, is not pretty, and it’s not sexy, it’s tough work, and it’s very stressful on you and your family financially, emotionally, physically, and spiritually.

Most people don’t know what they’re getting themselves into, and I know it’s not pleasant.

But I’m not here to tell you what you want to hear, I’m here to tell you what you need to hear, as a mentor coming from me to you,

Now if you do want to start your business during this global crisis here is one of the most important lessons, I could share with you.

You must understand the concept of the domino effect, meaning it doesn’t matter what you want to start, it doesn’t matter what needs in the marketplace, you want to fulfill.

You must look at yourself and say, for example, With the COVID-19 affecting a lot of industries.

Directly it may not affect the business that you want to get into, but you have to look at the effects it may have on the businesses you want to serve.

Let me give you an example, let’s say hotels, obviously, they’re being affected by COVID-19.

If the hotel industry is being affected and you’re selling meat to restaurants, well if that business is being affected.

Who are they doing business with? Who are they buying from, that would also be affected around them?

Maybe restaurants will be affected, and they will buy less meat, then you might think well I don’t serve hotels but secretly you do because of this domino effect.

When you understand this, you look for the breadcrumbs and reveal how one thing, will lead to another, and another, and another.

So directly you may not be affected, but indirectly it will affect whatever business you want to start.

Now, when you look at it like this, you realize that there are a whole lot of industries you don’t want to get into, because those businesses are going down.

Obviously, you don’t want to serve those businesses, and you don’t want to serve the businesses around them.

If you’re that selective and you’re very careful, then you know there are only a few industries that you want to get into, so be very honest and very critical with yourself.

IN CONCLUSION

Be optimistic when it comes to your vision, but be very pessimistic and very critical when it comes to your business model.

Make sure to ask those tough questions upfront, trust me it will save you years of headaches and years of mistakes that you don’t have to make.

Think very carefully, most of the problems in our lives started off as a “Good idea”, we thought “Hey that’s a good idea I could do that”, and now 5 years into your life you say to yourself “That is the worst idea I’ve ever had!”

All because I didn’t ask those questions upfront.

↓ Click The Link Below Now! ↓

To watch a video that will guide you through this exact process, on how you can crush your competitors in this number 1 proven business.

That BARELY costs anything to get up and running, but has made this company the $360 Million empire it is today, in only 7 years.

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