Treat Your Business Like Education (If You Want Success)
Today, I want to discuss an important topic about perspective. We've been conditioned to follow a certain path in life: elementary school, secondary school, and for some, university.
During university, we spend a lot of money on education, anywhere from $40k to $100's of thousands, even up to a million dollars for becoming a doctor. But during this time, we aren't making any revenue from our education, while we are getting educated.
When starting a business, many expect to earn money immediately. I've seen people spend sixty thousand dollars on school with NO JOB and no revenue from their education, and then expect to earn from their business within a month (and sometimes for free).
If they don't, they quit. This logic is flawed.
You spend years in traditional education without earning a cent, but expect quick returns when building a business online. This expectation often comes from bold industry claims like "earn a thousand dollars by next week."
The reality is, the time and effort you put into your business is what you will get out of it.
Key Takeaways:
- Education Before Earnings: Just like traditional education, you need to invest time in learning before earning from a business.
- Realistic Expectations: Give yourself a realistic timeframe. It might take a year or two to build a successful business.
- Investment: A business requires time, effort, and sometimes money. Even a small investment can go a long way.
- Vast Opportunities Online: The internet offers vast opportunities with billions of people and millions of products you can promote.
Be realistic about the time and effort required. Sometimes, a small financial investment is necessary. Our starter membership allows you to "test" our platform and tools before making a full commitment.
I’d love to hear your thoughts on this topic. Drop them in the comments below and let’s get the discussion going. :)
Recent Comments
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Kyle,
Shoot I totally get the message here! I will tell you my opinion, we are in the age of instant gratification.
My intent is not to offend anyone, but the new generation has this gratification issue, and we are seeing an influx of the new generation. There are unreal expectations of building a lucrative business and the amount of time it takes to earn successfully with it. This is accompanied by a lack of commitment.
I hope this isn't too blunt or offensive.
Stacie
I totally agree, we are definitely at the age of instant gratification, and you see this more and more with the event of social activities, and shorter and shorter form content as time passes.
The not-so-ethical players build up the idea that you can start earning money immediately, playing into the instant gratification model. I hate seeing those online ads and how many people will fail with that analogy. People need at least one year before earning money; sometimes, it takes a little longer. But the more you put into it and the more patient you are, the greater your success will be. It does take money to get started and keep it going, but at the same time, it is a field you can enter with minimal investment. There is no real-world business, or brick-and-mortar business, that you can start with so little. But it is going to take money and time to invest first. There is no getting around that.
Great video, Kyle.
Nancy
And there are definitely loss of these non-ethical players in this industry, or any industry for that respect where they’re trying to set up the ploy of instant, and that naturally overtime is convincing a lot of people that that can be a reality.
What I find interesting is that the same person that goes to school for four years, thinks that they can achieve massive success in one month within the online business words. They have a completely different perspective of what it takes to achieve success in business, versus what it means to go to school to become employee Which has Way less rewards and opportunity.
This is true of the four-year graduates. I got my degree later in life just because I wanted the training in web development, and if I was going to study for it, I found it prudent to get my degree. I was amazed at how many people I went to school with who had the unreasonable idea that the minute they got a diploma in hand, they would be able to start a business with no effort or step into a six-figure income. I hate seeing people here with lofty goals of making large amounts of money immediately or only joining because they want to buy a house this year or some such thing as that.
Nancy
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Yes Kyle you are perfectly right. Most of us tend to forget about monies we spent while in school. We are anxious to become millionaire as sooon as we step out of school without setting realistic goals (expectation).
To grow a business from scratch demand strategies commitment and time to get it running.
Yeah, we spend 4 years (or more) and $10,000's on an education, with the expectation to get a normal job. Yet we want $100,000's in passive income in the first year within the online world, without the time or any money investment. It doesn't add up, and for those wanting those numbers to add up, it is unlikely they will every achieve any level of success.
Indeed "t is unlikely they will ever achieve any level of success." I think this is a very crual subject that need to be part of step-by-step training and should be a welcoming address to new comers. This is because we joined WA with certain expection, thinking it can be realised within a short period of time. When this doesn't happen, frustration set in.
I remember after college, there were so many business "gurus" I was seeing sponsored on my Instagram and TikTok. Mind you that these were kids around age 18-20. They were always saying "You can make your first 20k or so in just less than a month if you click here now to learn about this model that set me free!" The unfortunate thing is its just a lie they are saying to people to get them overly excited and then only to realize they have to pay them thousands of dollars just for their course. So it makes me think they are only getting rich from their course or courses, rather than their actual model. I'm saying this, because this is the experience I went through. No, I did not spend my money, but I wish I didn't fall for those lies.
The reality is these gurus NEVER want to explain to anyone about the effort and patience it takes to launch a business. It is quite noticeable. So when you have people fall for the guru scams, they lose all their motivation to continue, because they don't want to go through the effort. They just have this mindset of waiting for money to fall from the sky and into their lap. And that's exactly what most gurus are doing. They are telling people that making money is super fast and super easy. Which I've learned that is simply not the case....
Yeah, that is how it works. Often times you see such programs claiming "instant riches" are built around selling their "thin" program, and to recoup the costs, you see the people that buy into it, doing the same thing to others. Eventually these collapse when people start warning them of the program and when they start to run out of buyers.
In our 18 years online, there isn't a company that still exists from when we started out. That should be pretty telling of the industry, and speak volumes to our approach of constant evolution, and constant improvement.
Money can be made online, and a lot of it. It takes time, it takes effort, it takes persistence, and it takes access to the proper training and tool set...and having access to mentors and support systems certainly help. This is what we strive to provide in the most current, forward thinking manner. :)
Mmmm, Jax, I've experienced the same thing. That's why they call themselves gurus and make a killing from their dependent followers!
As Kyle always says, anything worth doing is worth taking the time to do properly. We are building trust, and it bears no comparison to the get-rich-quick schemes! So, I've turned all the so-called gurus and cash machines off!!
No compromising my values and ethics any more!! 🌺
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Hi Kyle:
Thank you for sharing this valuable and realistic perspective about treating our business like education! Sometimes, I'm tempted to feel embarrassed because things are taking much longer than anticipated for the earnings to materialize.
I have come to accept the timing, which may be uniquely mine given my schedule and other obligations. I also value everything you continue to teach us, and the time I spend working on my business. It means everything to me.
I appreciate you and your team for all you pour into this platform!
Veron
I wouldn't feel embarrassed at all - there's always going to be a learning curve, whatever we do :) That's totally understandable.
Well when you put into perspective in school, it takes four years, just to get your diploma or degree, and that is the point in which you can actually start earning money. With an Internet business, you are going to be able to earn revenue well you are moving forward with the creation of your business, and learning high value skill sets.
Hi Abie:
It has been a long road time wise, but worth every moment learning and applying what I've learned. And for that reason, I press on!
Veron
Absolutely, Veron! Please keep us posted :)