Earl V. MeisterI’m a freelancer who can’t seem to get ahead. I just got an idea for starting up my own business, but it’s going to cost me about $5,000 in the beginning – and that might not even be enough! Now what?
The “coffee shop millionaire definition” is a term that refers to someone who makes a lot of money from their coffee shop. The book “Confessions Of A Coffee Shop Millionaire Review” is a story about how one person became the coffee shop millionaire they are today.
Jeff Lerner isn’t claiming to be flawless. The author of Confessions Of A Coffee Shop Millionaire confesses to making a blunder lately. He became bored and decided to start a new Instagram account to speak about his newfound obsession: stock trading, rather than concentrating on building his primary company, Entre Institute. He took a hundred dollars, started an E-Trade account, and planned to publicly disclose his choices and ultimately monetise his new followers.
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He says, “It was an excellent concept.” “On its own, it’s a good concept. It is valuable because it benefits others. But this is what people mean when they say “good is the enemy of great.” Because, although it’s a fantastic concept, it’s also a hindrance. It’s something I’ll have to look after every day. So, as an entrepreneur, the difficult issue is that once we acknowledge a mistake, we worry about what it would seem like if we alter our minds. Will I seem indecisive? Inconsistent? “Will I seem frail?”
But as he took a step back, he saw the truth: nobody cared. Anyone who saw the new Instagram account 48 hours later would have forgotten about it, right? As a result, he pulled the plug. That is an important lesson: do not spend time correcting a mistake. The third point to consider is how to salvage anything nice or beneficial from the circumstance. Jeff decided to withdraw $100,000 from E-Trade and put it in cryptocurrency, which is expected to generate significantly larger profits in the following months.
And who knows, given on how he fares in the markets, he may extend his Entre brand to include financial education and investing options down the future. So not all was lost. However, there is a distinction to be made between a “zero-to-one attitude” and a “day one mindset.” With the former, you must be ready to try new things, take enormous action, and hurl things at the wall to see what sticks, correct? Jeff, on the other hand, already has a successful company. He need the “day one” approach, which entails being focused and executing.
“So zero-to-one is when you’re not sure what you’re doing,” Jeff explains, “so you’re going to evaluate various choices and push hard on things that appear opportune to attempt to get something off the ground.” “Day one thinking is when you know exactly what you’re doing, and it’s the beginning of where you’re going.” So you have to be focused, linear, motivated, and modest while not letting up on the energy, but you should definitely stop chasing and exploring other ideas.”
The discipline of the day one attitude, after all, is more about saying no to new ideas than it is about saying yes. The reverse is zero-to-one. “Anyway,” Jeff continues, “that’s me acknowledging my error.” “So that’s it, I’m taking my money out, investing it into crypto, and shifting the emphasis to my Entre Institute content and finance teams.” Basically, I’ll start using the resources I currently have to perform the same thing I was planning to do, but much more efficiently.”
When it comes to the stuff Jeff creates for YouTube and his now-defunct Instagram account, he’s gone back to basics. Staying true to himself and speaking about what he understands best: entrepreneurship, business, digital marketing, and attitude. Not only is it the proper thing to do from a commercial standpoint, but it’s also authentic, feels good, and, let’s face it, it’s a lot simpler to develop material based on what you’re doing now, and what you’ve been doing for however many years.
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Katie Smith: Watch this brief video if you want someone who will tell it like it is, respect your time, and show you a company that could really work for you.
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Earl V. Meister