You go upstairs to get to the top floor, step by step. If you try to jump too many steps ahead of time, you fall and break your neck.

Oliver, thanks for stopping by the house and looking forward to working more with you at City Summit.

Now, one of the questions. First question was the three biggest mistakes most entrepreneurs make and what you should do instead.

So my answer is I think that the number one mistake I'll start with the first biggest one is don't take things in stages correctly.

So they see other people making millions of bucks so they try to make their first business, you know, a million or a billion dollar business.

Makes no sense. You go upstairs to get to the top floor, step by step. If you try to jump too many steps ahead of time, you fall and break your neck.

So I think that people have these time frames. I tell people, you'll probably get what you want, but it'll take one or two years longer than you expected initially.

So realistic expectations. The UNC basketball coach Dean Smith said he was never a fan of that saying, you know, shoot for the stars because if you miss, you'll hit the moon. He's like, nah, you'll probably just crash basically.

So that's number one realistic goals. Number two, I think don't get the right business partners.

Most people are successful out of a business partner, whether it was Bill Gates, you know, and there's always the exceptions to this, but Bill Gates and Warren Buffett and so on.

There's a good book on this called working together by Michael Eisner and not it goes through how many business partnerships there are.

And the extrovert introvert match that you need to have one business partner is to be willing to work behind the scenes and one person is kind of in the limelight, a little bit like Charlie Munger or Warren Buffett.

Charlie Munger is behind the scenes, Warren is the face of the company, Berkshire Outaway.

So that's getting that is introvert extrovert match, right? I see people have no business partner or they have two extroverts together, both trying to shine or two introverts, nobody's social.

And then I think the third thing is just, and this kind of was seen to contradict the first point, but it doesn't.

If you can accelerate your learning and become a learning machine, you can cut the learning curve by about 10 years.

You still need realistic expectations, Rome wasn't built in a day, but the way to cut the learning curve and go faster is by learning from other people's mistakes, books, seminars, conferences, mentors.

These are all ways that you can learn from other people's mistakes. As the saying goes, we only learn from mistakes, but more Buffett says they don't have to be ours.

So learn entrepreneurs, the third fatal flaw of entrepreneurs, they try to only learn through their own mistakes. That's a no-no.

Thanks for watching.