The Top 10 Mistakes That Entrepreneurs Make - Episode #288 Dave and Donni

Social Proof Podcast

Social Proof Network

Entrepreneurship, Business

5 • 2K Ratings

🗓️ 15 September 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Entrepreneurs will make mistakes in their journey. Many times people will have their ideas going into different ventures and realize that they didn’t know as much they thought. The results will typically reveal the facts. When the factual data will tell whether or not something is or is not working. When you are consistent at evaluating your business you will learn the following:

- As your business grows there will be things that will change and evolve along the way.

- What worked then may not work now.

- Personal growth is a huge factor in how you perceive what does and doesn’t work.

- Evaluating your systems on a regular basis is necessary.

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Transcript

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0:00.0	One of the biggest mistakes I made as an entrepreneur and a business owner is,
0:04.5	I do not suffer from this anymore, is thinking that everything's working.
0:10.0	And as I'm building my business, I get excited because I'm hitting my goals.
0:15.6	Well, yo, this is working.
0:18.3	But now I realize that there's always something broken.
0:23.2	Going to the next level requires, especially from a CEO standpoint,
0:28.3	is knowing that something is broken.
0:30.5	I'm always looking for the holes now.
0:33.7	I'm not really, obviously, you want to lean into the stuff that's like,
0:37.3	that's actually working.
0:38.5	And if it's working, we got to double down on it.
0:41.0	Like, my guy, Dave, he's running ads.
0:44.0	And as we're working, he's like, yo, this is the return they're working.
0:48.8	But in my mind, they're broken.
0:50.9	If it's working, why aren't we spending more money?
0:54.0	It seems like if we're spending $10 a day and we're making $20,
0:59.3	why don't we just spend $30 a day so we can make $60?
1:03.6	In my head, right?
1:04.9	So there's, I'm always looking for how can we improve upon what's seemingly working?
1:13.0	And how do I start looking for the stuff that is preventing us from reaching another
1:19.5	level of success? So wherever we are right now is the best that we can do.
1:26.8	So whatever money you make right now, that is the best you can do based on who you are right now.
	...

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