Hey there, welcome back! Today, we're diving into some uncomfortable truths about why you might be stuck in financial struggle and what you need to do to change that. These conversations might sting, but they're essential if you want to achieve financial success. Let's get into it!
The Reality Check
All the money you want is on the other side of a few hard conversations that you need to have with yourself. The people who remain broke are often those who avoid these conversations or lie to themselves during them. If you get any value from this post, subscribe to the channel, give it a thumbs up, leave a comment, and share it with someone who needs to hear it.
Who Am I?
If you're new here, my name is Mike Fedan. I’ve bought, sold, and still run multiple service businesses. I'm the co-founder of Quote IQ, the fastest-growing CRM in the home service industry, and Quote IQ Cam, which is launching soon. I also co-founded InstaQuote, revolutionizing estimates in our industry. I create videos to help your business get better.
Start Tomorrow and Stay Poor
Want to ensure you stay poor? Just start tomorrow. Whether it's starting a business, growing it, hiring your first employee, or running that first paid ad—delay it. Procrastination is the enemy of success.
Consume and Do Nothing
Watch tons of videos, spend hours on Facebook groups, read books, and then do absolutely nothing with the information. Learning without action is a sure way to waste your time, energy, and money.
Take Advice from Poor People
Many people take advice from unsuccessful individuals. If you want to stay poor, listen to those who haven't achieved what you aim for. Instead, seek advice from those who have been successful.
Blame Your Circumstances
Complain about everything: market saturation, the $99 guy, cheap customers, high costs. Blame external factors instead of taking responsibility. Remember, most successful people focus on what they can control and work to improve themselves.
Fail Once and Quit Forever
If you fail, quit immediately. Many people view failure incorrectly. Failure is a learning opportunity. If you quit at the first sign of trouble, you'll never succeed. Successful people learn from their failures and keep going.
Tolerate Mediocrity
Accept mediocrity from yourself and others. If someone on your team is underperforming, address it. Don't let mediocrity become the norm. Surround yourself with people who push you to be better.
Start New Things and Never Finish
Always start new projects but never complete them. This will keep you poor because half-built bridges lead nowhere. Finish what you start to reap the rewards of your hard work.
Avoid What Moves the Needle
Stay busy with unimportant tasks. Successful people focus on tasks that move the needle. Identify and prioritize these tasks, even if they're difficult.
Focus on Looking Rich
Concentrate on appearances rather than actual wealth. Invest in flashy things instead of what will make you money. Flexing on social media won't build your business.
Avoid Discomfort
Steer clear of anything uncomfortable. Growth happens outside your comfort zone. Don't be afraid to suck at something new—everyone starts somewhere.
Wait for Perfect Conditions
If you wait for the perfect time to start, you'll never begin. Conditions are rarely ideal. Start now and improve along the way.
Make and Break Promises
Break promises to yourself and others. This destroys your reputation and credibility. Keep your promises, especially the ones you make to yourself.
Just Do Your Best
"Doing your best" isn't enough if it doesn’t get results. You need to do what it takes to achieve your goals, even if it means going beyond your best.
Conclusion
Breaking free from financial struggles requires tough self-reflection and action. Avoid the pitfalls discussed here, and you'll be on your way to success. Remember, implementing what you learn is crucial.
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By having these hard conversations with yourself and taking action, you can avoid staying poor and start building a successful business. Stay tuned for more insights, and remember, success starts with you!
