Most entrepreneurs fail. So fail quickly.
We failed. Mycelium is no more.
But we are stoked about what we learned about ourselves, our friendship, and what we want next.
Warren Buffett spends 80% of his day reading. When asked what was the key to his success, he said, "Read(ing) 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will." His buddy and bridge partner Bill Gates reads 50 books a year.
I met a business consultant at a retreat in Baja last week, who told me he worked with businesses wanting to grow 2x or 10x. I said, “I never considered that my business could be 10x.” He responded, “That’s part of the reason it hasn’t happened.”
Break your business into simple steps and write them out clearly so that you can train other people to perform those steps. That way, you can grow your business to operate outside of your individual labor. There are $20/hour jobs, $200/hour jobs, and $2000/hour jobs. You want to create processes for others to do all the lower paying jobs so you can concentrate on the higher paying ones.
"In my 10 years of experience evaluating what creates long-term health-and-fitness success, the single most important factor is having a support system,” says Wayne Andersen, MD. “We are social animals. We seek the company and positive reinforcement of others, especially when we are doing work.” People who join gyms are 14 times more likely to reach physical fitness goals than people who don’t.