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199. 1% Inspiration, 9% Validation, 90% Perspiration
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Manage episode 356804764 series 2836605
תוכן מסופק על ידי Wade Galt. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Wade Galt או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
How to Intelligently & Intentionally Invest Your Time, Energy, and Money to Create High-Impact and High-Income Results.
In this episode, you will learn:
- How to avoid failures and financial losses, take risks and leap into entrepreneurship
- How to do research and small experiments to confirm the viability of an idea before investing too much time and money into it
- Understand the idea of validation before execution or investing a significant amount of time, energy, and resources
Key Takeaways:
- Inspiration is important for entrepreneurs, but there is more to entrepreneurship than just inspiration.
- The quote "work is 1% inspiration and 99% perspiration" is incomplete and needs to be broken down further.
- The quote, "work is 1% inspiration and 99% perspiration" can be broken down into three parts: 1% inspiration, 9% validation, and 90% perspiration
- This breakdown can be helpful for entrepreneurs, especially those starting a side hustle, to avoid costly mistakes and make sure their business is successful.
- Entrepreneurs often move from idea to execution too quickly, which can lead to mistakes and lost money.
- Validation involves doing research and small experiments to confirm the viability of an idea before investing too much time and money into it.
- The 90% perspiration involves intelligent, intentional, and directed work after validation has been completed.
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