4.8 • 793 Ratings
🗓️ 10 May 2019
⏱️ 22 minutes
🧾️ Download transcript
Today Ryan shares some tips on staying motivated, even when entrepreneurship becomes hard, lonely business.
Tune in for 3 practical things you can do to keep yourself on track as well as some down-to-earth real life examples of how those practices helped Ryan through some tougher moments.
Key Takeaways
[:28] Dopamine floods your brain when you start a new business, you are full of energy and drive, but it doesn’t stay there long term so today is going to be about sustaining momentum.
[1:42] First things first, entrepreneurship is very hard and it will demand more of you than you could ever imagine. So it’s virtually impossible to sustain momentum and stay motivated when you’re building a business that you don’t like or building it with someone you don’t like, there’s really no fixing that.
But if you do love your business, here are 3 practical things you can do to keep momentum (there’s a bonus at the end, too!)
Click on a timestamp to play from that location
0:00.0 | The way you get rich, the way you sustain momentum is by operating from a place of I've got something. |
0:07.3 | It could be a product that means something in someone else's life and being in a position of giving it |
0:12.4 | because it assumes to your brain that you have something to give, that you're abundant. |
0:16.9 | Build a business, invest the profits. I'm Ryan Daniel Moran and this is Freedom Fastlane. |
0:28.6 | When you start a new business or really when you do anything new, there's always a surge of energy at the very beginning. |
0:37.1 | And that is because your brain releases |
0:39.4 | a chemical called dopamine. That feels really good. It makes you excited. It makes you go, |
0:43.7 | ooh, a piece of candy. Ooh, shiny object. Oh, that's cool. Right. That's, that's how our brain works. |
0:49.4 | And when you start a new business or when you set a new year's resolution it's exactly the same thing it's the idea of |
0:56.1 | i've got this new thing that i'm going to do and i got all this motivation and all this energy |
1:00.4 | to start down the path and then there's a hump then you hit a you hit a place where you're tested |
1:06.2 | and it's during that test that if you get through it, you get the result or you don't. |
1:11.7 | It's January 21st for people who have New Year's resolutions, or it's when sales are flat |
1:18.4 | if you've got a new business, or it's when you have to do something that you don't enjoy. |
1:23.3 | So we're going to talk about sustaining momentum when you are starting a business. |
1:29.0 | Because that momentum and that motivation that you've got is going to carry you through those |
1:35.5 | humps. |
1:35.9 | Now, before I go into like the three practical things that you can do regularly, there is one |
1:41.8 | piece of context that is too important not to say. And I feel like this |
1:47.2 | goes without saying, except for the fact that I've worked with thousands of entrepreneurs, |
1:52.4 | hundreds of them now running seven-figure businesses, and I see this across the board, and it's this. |
1:59.2 | It's really hard to sustain momentum and to stay motivated when you're |
... |
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