Join Jon & Elizabeth discussing how Entrepreneurship Is Not For Everyone:
- 2% of people own an LLC in the United States
- Building your schedule as an entrepreneur and sticking to it, it is not immediate freedom
- Knowing you can do it better is a clue to an entrepreneurship opportunity
- Success takes time, took Jon 5-6 years to really start seeing the compounding of efforts, then becoming a top 1% earner and wealth builder
- The successful people do ONE thing for a long-time. It is not fast and easy.
- Common traits of successful entrepreneurs: 1) they know why they are doing what they're doing, 2) they recognize they cannot do it alone, 3) they use thinking time to advance their business and life, they constantly make adjustments based on the market - Jon's why is about having time freedom and becoming "unfuckable" with.
- The market is changing and you must have a certain type of mindset to have success.
- Is this the right time to do this? Are you prepared to weather the storm?
- Small businesses did not have enough cash to weather the change when the pandemic hit.
- Is this the right time to do this?
- Elizabeth: you have to do your research, it's not just a decision, there's a plan behind it and it requires financials. Not everything needs to be reinvented from scratch.
- Ask 100s of questions to see what it will be like before you go into it.
- Ask: what are your financials, schedule, lifestyle, etc.?
