A friendly reminder...

Ali Abdaal · Intermediate ·📰 AI News & Updates ·5mo ago

Key Takeaways

The video discusses the importance of persistence and not quitting when building a business or working towards a goal, highlighting the value of accountability systems and continuous progress over time frames or revenue goals.

Full Transcript

This is your reminder that it's not going to happen overnight, but it certainly won't happen at all if you quit. I run an online business school called the Lifestyle Business Academy where we help people like start businesses and get to 100k a year in revenue. And this is a message I need to say to my students repeatedly, which is that like the hardest part about building a business, and also the most effective part, is to just not quit. Because if you just do it for a long enough time horizon, you end up learning skills, you end up improving your mindset, you end up figuring stuff out. And the students that are most liable to quote fail, like the only failure is if you actually quit the thing. Because it doesn't really matter about the time frame, right? Doesn't matter if you hit your revenue goal within 3 months or 6 months or 12 months or even 18 months. As long as you're taking action every single week and you're actually making progress, then you're learning so much about yourself, you're learning so many skills about the world of business. Every time you talk to a new customer, even if they say no, even if they reject you, you're still learning so much. And you just completely destroy that entire like compounding growth loop by just quitting too early. And so within our program, we give people a lot of advice and a lot of strategies and systems on how to start a business, but honestly, 80% of the value is the fact that it's an accountability system. We follow up on them, we make sure they're doing the work, emotionally we support them when they're feeling down and like demotivated, and that prevents people from quitting, which is ultimately the thing that makes their business successful. And that doesn't just apply to business, this applies to pretty much everything in life.

Original Description

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The video emphasizes the importance of persistence and not quitting when building a business or working towards a goal, and highlights the value of accountability systems and continuous progress. It also discusses the benefits of having a supportive community and tracking progress over time. By applying these principles, viewers can improve their chances of success in business and other areas of life.

Key Takeaways
  1. Set clear goals and revenue targets
  2. Create an accountability system to track progress
  3. Develop a growth mindset and persistence
  4. Surround yourself with a supportive community
  5. Focus on continuous progress over time frames or revenue goals
  6. Learn from failures and rejections
  7. Stay motivated and emotionally supported
💡 The hardest part about building a business, and also the most effective part, is to just not quit, as quitting destroys the compounding growth loop and prevents learning and improvement.

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