TachYons’ Post

I've met many people who work 9-5 and now want to start a business, but most of them make one big mistake. Most are guilty of thinking to start and have a perfect business to begin with. We do not need that novel idea to always start a business. Look around what everyone else is doing and try to do it better. It could be something we already know, Something we have past experience in, Something because we have past we excel and others struggle, Something that sucks about anything we are experienced at. Then we just have to solve these problems, it could also be something that other people solve to, we just try to solve it better. The idea is that we start, not with the intent that this is going to turn out perfect, which is a fallacy most employees have. We just have to start with something we are good enough at, which will teach us the business game. Once you start taking steps the next step becomes clearer. We trying to think 100 steps ahead, thinking that we'll have the perfect business and calculating the success when we have no context is irrelevant. Many successful entrepreneurs have a graveyard of failures behind them and they still do encounter failures. What else do you think is keeping us away from starting on our own?

Want to grow your business? Start with a forward-thinking mindset. Most people make these mistakes: • Sticking to old methods • Ignoring industry changes • Focusing only on quick wins Forward-thinking entrepreneurs do this: • Look for future opportunities • Embrace new trends and ideas • Set long-term goals that push limits Here’s how you can shift your mindset: • Stay updated on market trends • Think beyond today’s challenges • Be open to new strategies Success isn’t just about where you are now. It’s about where you’re headed. What future goals will you set today?

Quitting a high-flying corporate job to start something of your own is a bold step. But, what happens next? Our friend here has shared their experience and some valuable advice for aspiring entrepreneurs. According to our friend, they tried to run their SME with systems and procedures, had HR policies sympathetic to employees, and focused on customer experience at their own costs. They also thought that vendors were more important than customers and that costs were investments. They focused on growth instead of profitability. However, their advice to anyone who wants to start something of their own is, don't do any of the above! 😂 Starting your own business is a journey with a lot of ups and downs. It's important to learn from others' experiences and take their advice. Our friend's experience can serve as a valuable lesson for aspiring entrepreneurs. It's important to strike a balance between growth and profitability, keep customers at the center of everything, and have a sustainable business model. What do you think? Share your thoughts in the comments below!

Business is all about likelihoods. Start speculating or thinking hopefully about something that has not proven its ability to succeed, and you’ve lost me. In my line of work, that’s just the way things have to be. If I deviated from what’s “most probable” or the current data that sets the market, I’d be all out of integrity. And a lot of entrepreneurs could benefit from this mindset. You could “dream big” and have an idealistic vision for where your business can go, I guess. But I find so much more can get done when you’re looking at the future through the lens of raw reality. It gives you room to fix weaknesses before they knock you to the ground. Know exactly what your strengths are so they can actually be leaned into. So before you sit down and vision quest 1000 possibilities for your business… Take some time and just think about what’s likely.

What could you do today to produce twice as much profit in your business? In answering this question, you'd likely do what I did and think of how you could tweak what you are currently doing to generate more profit. Now ask yourself, what would I have to do to produce 10x the amount of profit in my business? The answer to this question is you'd have to be a completely different business (most likely). In "10x Is Easier Than 2x," it is stressed that almost nothing works for producing 10x the profit in your business so your future work becomes extremely focused. You cannot afford to work on your current 80% of tasks that are just day-to-day producing your current profits. In fact, you will be working on 80% new tasks. "Going for 10x requires letting go of 80 percent of your current life and focus on going all-in on the crucial 20 percent that's relevant and high-impact." The shift in your business will take a time. Time to plan new courses of action for the team, but before that, time to think. Most entrepreneurs are holding themselves back because they are absorbed in the day-to-day. Dan Sullivan points out, "tightly scheduled entrepreneurs cannot transform themselves." This was hard for me to read because I have pride in staying "on task" or focused in my work. What I have to realize is what Sullivan said two pages later, "80 percent of your current activities, habits, and mindsets become impediments." What would increase your company's profits by 10x? What are the 80% of things that take your time that you'd have to let go of to make 10x happen? Who on your team would try to stop you from doing that? I'm reading, "10x is easier than 2x."

Experts advise entrepreneurs to examine their business’s performance annually. It’s an opportunity to reset and refresh your goals for a successful and fast start in the new year. Have you considered a small business workshop? It’s a great way to gain new insights to elevate your business. Truist Bank partners with industry experts like Jeanna Davis of JED Enterprise, LLC to bring fresh quality content to entrepreneurs. Let us help you create a solid foundation for a successful 2025.

The biggest mistake entrepreneurs make that holds them back from scaling and multiplying their revenue is..... ↔ Avoiding delegation. Many people think of delegation as an expense. I look at it as an investment. If you try to learn everything by yourself and then implement it, here's what happens: ↗ It takes you a lot more time to figure things out than an expert. You don't see results because you are still trying and testing things out to make them work. ↗ Vs When you hire an expert in a field, they help you scale your business and revenue with their expertise while you focus on your specific strengths. Do you believe in delegation? Tell me your thoughts in the comments.

Most entrepreneurs get into the business with high expectations and low preparation. When things don’t work they lower their expectations but not necessarily heighten the preparation. In business always choose growth over stagnation by prioritising meaningful battles that nurture existing business and teams which can propel the ship forward and take on bigger waves. For any new business ideas one must remember that it will bring new kind of challenges, franky It’s a journey of the heart, and there no roadmap that your predecessors have laid out. In moments like these state of your mind is more important than the condition of your business. Business can be tinkered, repaired and brought back on the wheels, one just needs to understand that it’s hard to live a victorious life with a defeated mind, battlefield of mindset is more powerful than the reality on the ground. Wishing all entrepreneurs a happy weekend.

always be looking for the biggest lever you can pull that makes the biggest impact in your business. Often times entrepreneurs and CEO's get caught up in the myriad of little decisions they are forced to make, and forget about the "one thing" that has the potential to unlock their business

Entrepreneurs work less than employees... Another misleading statement, let's debrief. In the life of entrepreneurship there is something called a grinding period. You go all in with your business for weeks, months and sometimes even years. This grinding period is utilized in order to get your business off the ground and once it is, you start working less. BUT That's if you hire either contractors or employees to do the work for you. Working less in entrepreneurship doesn't mean you aren't working, your contractors/employees take your place. And to add... It's never good to work less. If you get too comfortable in not working on your business and just letting your team do the work, what happens to your growth? Growth = Constant planning into new ideas, and not letting your comfortability take away your progress What is your take on this, should entrepreneurs draw the line when it comes to being too comfortable?