Summary I’ve learned that the speed at which you grow your business is linked directly to how fast and clearly you can make decisions. The faster you decide, the quicker you progress. Most of life ends up presenting only hard decisions because you naturally make the easy ones right away. If you’re stuck, it’s usually…
Summary I used to have a chiropractor agency, a dental agency, a launch business, and five gyms at the same time. I was overworked and not making money. Leila suggested focusing on the one thing that made the most money, and it changed everything for us financially. Entrepreneurs often try to do too many things…
Summary Always evaluate if something is worth pursuing by looking at the return on investment (ROI) and customer acquisition costs. This helps to see if it’s a good use of your resources. It's important to run a beta test on new ideas to check their potential success before fully committing to them. Look at conversion…
Summary If someone is inconsistent, even if it's only a small percentage of the time, it affects trust. This applies to personal relationships, work, and your brand. Inconsistency in habits can create doubt and erode trust with people around you, whether that's in personal relationships, with coworkers, or with your audience. When you're working on…
Summary Education businesses often struggle because they lack high standards. Like Harvard, to build a notable brand, you must be selective about who you accept and avoid making guarantees about future outcomes. Education businesses need continuity. Harvard’s model involves renewing the educational journey, which others can emulate by creating lasting value beyond initial training or…
Summary I need to focus on my main project, even if there are other amazing opportunities. Staying focused is key to success. Saying yes to one thing means I have to say no to many others. Prioritization is crucial in business. Tough decisions are necessary, like choosing between projects. It's about letting one go so…
Summary You might not be making as much as you want because you're targeting the wrong customers. Selling to small businesses can be volatile as they often cancel during tough times, leading to a weak business foundation. Switch to selling to less volatile customers, like big businesses or more stable clients. Big agencies thrive by…
Summary I met Calvin and Air, a husband-and-wife duo running a successful Thai restaurant making $3.5 million a year. They're opening a second location and need guidance to ensure success. Their restaurant enjoys impressive margins at 19%, serving over 100,000 guests annually, which is commendable for the restaurant industry. They aim to expand to 20…
Summary Sometimes we get stuck at a certain level because we're not willing to face new challenges. For example, staying at a million dollars a year happens when we're comfortable and avoid pushing for more. It's important to recognize that "hard" changes over time. What was hard yesterday might be easy today, but there's always…
Summary Staying focused is the hardest part of business. Many successful people like Bezos, Zuck, and Jobs talk about it. Most billionaires focus on one massive business. Elon Musk is an exception, but he's very rare. For most of us, focusing on one thing can lead to more success, just like those on the Forbes…