In this brand new video, I share with you 4 critical
business tips that I wish I knew when I was starting my first business.
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Find me on Facebook: https://www.facebook.com/besteducationpage2/
Read more on my blog: https://neilpatel.com/blog
Have you ever heard people tell you that you need to be passionate and love what you're doing to be successful?
BS.
Just because you're passionate doesn't mean you're gonna make money and do well in business.
Hey everyone, I'm Neil Patel, and today I'm gonna share with you
four business concepts and advice that I would have given my younger self.
0:41 #1 is FOCUS!
Yes, you may be passionate about what you're doing, but just because you're passionate, it doesn't mean you're gonna make money.
Passion just means you're gonna put in the time and energy into whatever your idea is.
It means that you're not gonna give up.
And should you have passion?
Yes, but if you're not focusing on a big idea, you're not gonna make a ton of money.
My first business, Crazy Egg, and that was more so my first real business, it's not a billion dollar company.
It does extremely well.
It makes millions and millions of dollars in profit, but why isn't it a billion dollar company?
Because the total addressable market isn't big enough.
I'm passionate about Crazy Egg,
I love it to death, our customers love the product, we have hundreds and
thousands of companies paying us a ton of money, but it's not a billion dollar
company and it never will be.
And it's not anything due to passion, it's more so it's not big enough.
You need to focus on a big idea.
If you're focusing on self-driving cars, focusing on disrupting the taxi industry like Uber, or focusing on sending people in outer space and living on Mars, those are big, gigantic ideas.
You may not have to go that big, but you can go to Google Finance, and you can go to Google Trends, type in words and phrases or stock symbols, you can see how big other people are.
Even if you're a fraction of them, like 1% of them, it they're a $300 billion company, you'll still be a multiple
billion dollar companies. So focus on a big idea.
1:47 Tip #2: You need to move as fast as possible
As a little kid, I treated my business like a baby.
You know, with your baby and your child you don't want to get hurt, you want to be perfect, everything is precious;t hat's not the reality of the business world.
If you don't move fast, people are gonna trample all over you.
So execute as quickly as possible.
It's okay not to be perfect.
It's more important to move fast.
3:08 Avoid Making the Same Business Mistake Twice
You're gonna make mistakes, and that's okay, but avoid making the same mistakes over and over again.
Mark Zuckerberg, Elon Musk, Bill Gates, Warren Buffet,
They've all made big mistakes, but they're still billionaires.
How could that be?
Well, they learned from their mistakes.
Look at Mark Zuckerberg and Facebook.
He tried buying Snapchat.
Didn't go through.
He tried creating something that killed Snapchat.
Didn't work out at the beginning.
But eventually, Instagram, which they own, overtook Snapchat in usage.
Why?
Because Mark learned from his mistakes.
You're gonna make mistakes too.
But just because you make mistakes, it doesn't mean that you won't do well.
Learn from them, avoid making the same ones over and over again, and
eventually, you'll learn what not to do.
And if you learn what not to do, you'll start doing the right things.
3:!6 Tip #4: Follow the 80/20 rule
A lot of people are like, I work so hard. Why am I not doing well?
I don't give a shit that you're a lawyer or that you went to Harvard or Stanford.
Working hard and having a good education doesn't guarantee success.
I've gotten job applications for people who came from Stanford who is willing to work for 10, 15 bucks an hour.
It does not mean success at all. It just means you're book smart.
If you're a small business and you need help with online or digital marketing leave a question or comment below and I'll be sure to answer!
Subscribe here to learn more of my secret SEO tips: https://www.youtube.com/channel/UCEOZgj57xoJ3-Ud0MgehVXw
Find me on Facebook: https://www.facebook.com/besteducationpage2/
Read more on my blog: https://neilpatel.com/blog
Have you ever heard people tell you that you need to be passionate and love what you're doing to be successful?
BS.
Just because you're passionate doesn't mean you're gonna make money and do well in business.
Hey everyone, I'm Neil Patel, and today I'm gonna share with you
four business concepts and advice that I would have given my younger self.
0:41 #1 is FOCUS!
Yes, you may be passionate about what you're doing, but just because you're passionate, it doesn't mean you're gonna make money.
Passion just means you're gonna put in the time and energy into whatever your idea is.
It means that you're not gonna give up.
And should you have passion?
Yes, but if you're not focusing on a big idea, you're not gonna make a ton of money.
My first business, Crazy Egg, and that was more so my first real business, it's not a billion dollar company.
It does extremely well.
It makes millions and millions of dollars in profit, but why isn't it a billion dollar company?
Because the total addressable market isn't big enough.
I'm passionate about Crazy Egg,
I love it to death, our customers love the product, we have hundreds and
thousands of companies paying us a ton of money, but it's not a billion dollar
company and it never will be.
And it's not anything due to passion, it's more so it's not big enough.
You need to focus on a big idea.
If you're focusing on self-driving cars, focusing on disrupting the taxi industry like Uber, or focusing on sending people in outer space and living on Mars, those are big, gigantic ideas.
You may not have to go that big, but you can go to Google Finance, and you can go to Google Trends, type in words and phrases or stock symbols, you can see how big other people are.
Even if you're a fraction of them, like 1% of them, it they're a $300 billion company, you'll still be a multiple
billion dollar companies. So focus on a big idea.
1:47 Tip #2: You need to move as fast as possible
As a little kid, I treated my business like a baby.
You know, with your baby and your child you don't want to get hurt, you want to be perfect, everything is precious;t hat's not the reality of the business world.
If you don't move fast, people are gonna trample all over you.
So execute as quickly as possible.
It's okay not to be perfect.
It's more important to move fast.
3:08 Avoid Making the Same Business Mistake Twice
You're gonna make mistakes, and that's okay, but avoid making the same mistakes over and over again.
Mark Zuckerberg, Elon Musk, Bill Gates, Warren Buffet,
They've all made big mistakes, but they're still billionaires.
How could that be?
Well, they learned from their mistakes.
Look at Mark Zuckerberg and Facebook.
He tried buying Snapchat.
Didn't go through.
He tried creating something that killed Snapchat.
Didn't work out at the beginning.
But eventually, Instagram, which they own, overtook Snapchat in usage.
Why?
Because Mark learned from his mistakes.
You're gonna make mistakes too.
But just because you make mistakes, it doesn't mean that you won't do well.
Learn from them, avoid making the same ones over and over again, and
eventually, you'll learn what not to do.
And if you learn what not to do, you'll start doing the right things.
3:!6 Tip #4: Follow the 80/20 rule
A lot of people are like, I work so hard. Why am I not doing well?
I don't give a shit that you're a lawyer or that you went to Harvard or Stanford.
Working hard and having a good education doesn't guarantee success.
I've gotten job applications for people who came from Stanford who is willing to work for 10, 15 bucks an hour.
It does not mean success at all. It just means you're book smart.
If you're a small business and you need help with online or digital marketing leave a question or comment below and I'll be sure to answer!
have you ever heard people tell you that
you need to be passionate and love what
you're doing to be successful
just because you're passionate doesn't
mean you're gonna make money and do well
in business hey everyone i'm neil patel
and today i'm gonna share with you four
business concepts and advice that i
would have given my younger self the
first one is focus yes you may be
passion about what you're doing but just
because you're passionate it doesn't
mean you're gonna make money passion
just means you're gonna put in the time
and energy into whatever your idea is it
means that you're not gonna give up and
should you have passion yes but if
you're not focusing on a big idea you're
not gonna make a ton of money my first
business crazy egg and that was more so
my first real business it's not a
billion dollar company it does extremely
well it makes millions and millions of
dollars in profit but why isn't a
billion dollar company because a total
addressable market isn't big enough I'm
passionate about crazy egg I love it to
death our customers love the product we
have a hundreds and thousands and
companies paying us a shitload of money
but it's not a billion-dollar company
and it never will be and it's not
anything due to passion it's more so
it's not big enough
you need a focus on a big idea if you're
focusing on self-driving cars focusing
on disrupting the taxi industry like
uber or focusing on sending people into
outer space and living on Mars
those are big gigantic ideas you may not
have to go that big but you can go to
Google Finance and you can go to Google
Trends type in words and phrases or
stock symbols you can see how big other
people are and mean if you're a fraction
of them like 1% of them that there are
300 billion dollar company
you'll still be a multiple billion
dollar company so focus on a big idea
the second thing I'll tell my young self
is you need to move as fast as possible
as a little kid I treated my business
like a baby you know with your baby and
your child you don't want to get hurt
you wanted to be perfect
everything is precious that's not the
reality of the business world if you
don't move fast
people are gonna trample all over you
it's like a bull you know those people
are going like Toro Toro with their
little red cape well you know what
some get trampled and you're gonna get
trampled on too by your competitors if
you don't move fast so execute as quick
as possible
it's okay not to be perfect it's more
important to move fast
the third thing I'll tell my young self
is you're gonna make mistakes and that's
okay but avoid making the same mistakes
over and over again
Mark Zuckerberg Elon Musk Bill Gates
Warren Buffett do you know all four of
them have in common
they've all made big mistakes but
there's still billionaires how could
that be will they learn from their
mistakes look at Mark Zuckerberg and
Facebook
he tried buying snapchat didn't go
through he tried creating something that
killed snapchat didn't work out at the
beginning but eventually Instagram which
they own overtook snapchat and usage why
because Mark learned from his mistakes
you're gonna make mistakes too but just
because you make mistakes it doesn't
mean that you won't do well learn from
them avoid making the same ones over and
over again and eventually you'll learn
what not to do and if you learn what not
to do you'll start doing the right
things the last tip I have for my
younger self is an 8020 rule a lot of
people are like oh I went to really good
college I'm a lawyer I work so hard why
am I not doing well I don't give a
that you're a lawyer that you went to
Harvard or Stanford working hard and
having a good education doesn't
guarantee success I've gone job
applications for people who came from
Stanford who are willing to work for 10
15 bucks an hour it does not mean
success at all it just means you're book
smart if you want to be successful you
gotta realize and focus on the 80/20
rule and what that is is you want to
take 80% of your energy and focus on
that 20% or what's important everyone
believes up putting a lot of time and
energy is what makes you successful no
putting a lot of time and energy on the
right thing is what will make you
successful so find out those little few
things that'll move your business and
focus on them for me have you noticed a
lot of my advices on traffic generation
that's all I focus on I focus on brand
building traffic generation because that
drives leads to my businesses have you
ever seen me being like hey everyone
check out my day in my life in my office
no I'm a terrible manager people hate
working under me on one of the worst
boss ever I pay well but management wise
I just suck so I'm not a manager and
other people manage everyone else in the
company but I realize that if I focus on
traffic generation what I'm best at what
really helps build the business and
drive more revenue it helps the business
explode grow and it makes it a win-win
situation for everyone
so take all your energy and focus on the
right thing now at first you may be
focusing on what you think is the right
thing but you may not be seeing results
and if that keeps happening week after
week even if they're not even small
results then that means you should be
shifting your energy on to something
else if you're not sure why you should
be spending your energy on leave a
comment below and I'll be there I'll
respond and I'll tell you if you're
doing the right thing or the wrong thing
I hope these tips help they will help
the younger me and if I follow them I
probably would even work over ten times
what I'm worth now and that's a lot of
money so make sure you subscribe to the
channel I'll see you in the next video
and I really look forward to helping you
so if you're not sure what you should be
doing or spending your time on leave a
comment I'll be here to help and I
really want to see you succeed
you succeeding makes me happy
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