- Hey, in this video I wanna share with you
the top three habits that are crushing entrepreneurs,
and these aren't habits like biting your nails
or picking your nose.
Sometimes you just can't control that with some people.
These are habits that you can control,
that if you find yourself doing, you must stop now.
So watch all the way through.
Hey, my name is Pat Flynn, here to help you make more money,
save more time, and help more people too.
of things that people do to essentially shoot themselves
in the foot, and I don't want you to do the same thing.
Now before I tell you these three things,
I wanna tell you what I mean by crushing entrepreneurs,
and the habits that can hold you back.
Habits are obviously things that you do,
sort of behaviorally, you don't even really know
that you're doing.
They're kind of ingrained in you, so it's really important
to address these things, because sometimes
you don't even know you're doing these things.
These things can hold you back from finding success,
from doing the things that you need to do,
they can distract you, all those kinds of things.
So we're gonna start with number three,
and move on to number one, and so make sure you pay
attention, 'cause these are really, really important.
Number three.
And this is the common one.
I've suffered from this as well,
and that is starting too many things,
and not finishing those things that you start.
Now you might be just like me and get very excited
about trying new things, attempting new projects.
It's always a fun thing to do to experiment,
and the possibilities are always there, right.
Like the what if, you get that entrepreneurial bug
that's really exciting, but then that bug wears away
when you've been working on that project for awhile,
or you start to get to tough parts, so then you look for
something new to give you those kind of good feelings again,
and if you do this too often, it becomes a habit
where you don't even know that' you're not
even attempting to finish something.
Because there's always these new things,
and then your brain kind of like looks for those new things,
because that's kind of the fun part, right?
But, the truth is that unlike food, unlike exercise,
a project that's only 50% of the way done,
is actually 0% done for the end user.
So you have to follow through and finish,
or else it's kind of all for nothing.
So what do you do?
How do you balance this, because, yes,
we have to pay attention to new opportunities,
but we also have to see things through.
So what I would recommend is to do a couple things.
Number one, make sure you write down all the things
that you're working on right now,
and all the different projects that you are using
your time and energy for.
Sometimes just writing these things down,
you get to see, wow, just how overwhelming all of this is,
and then you can begin to prioritize which ones are
most important, which ones you can stop, start or continue.
If you also need some help, sometimes it's important to get
an outside perspective, so if you have something like
a mastermind group, and I have some resources here
on the YouTube channel for that as well I'll put
in the description below or in the cart above.
If you have other people around you,
who kind of know what your project is,
and kind of understand where you wanna be,
that can help you understand what it's like
from an outside view.
Because sometimes when you're deep in the middle
of your own projects, it's hard to see exactly,
well, I'm actually working on the wrong thing here.
You have to have an outside perspective sometimes to know
really what's going on.
And finally, there's a great book I wanna recommend to you
about the power of following through and finishing
one thing at a time, and this book is called,
The One Thing, by Gary Keller and Jay Papasan.
It was an instrumental book in my journey,
because it really helped me understand the consequences
of dividing my energy across all these different spaces.
There's even a diagram in there that shows you
just how most people, especially entrepreneurs,
divide their energy.
It's when you can increase the energy for each individual
product and project that you're gonna see better results.
So again, to reiterate, if you don't finish something,
you're not giving it the chance to actually do
what it needs to do.
You might think that you're a failure because all these
projects are bad ideas, but perhaps they're just because
you haven't given them a chance to succeed.
The other question is, if you find a new opportunity,
beware, 'cause it might be trying to distract you
from what you should be working on.
The truth is, you could put most of those new ideas away
for later once you have opened up time for yourself.
Alright, next habit that crushes entrepreneur.
Number two.
And that is micromanaging your team.
Now when you're starting out in your solopreneur,
likely you are wearing all the hats
and doing all the things.
But when you're building your team,
or you're hiring VA's and things like that,
when you start to have other people come onboard,
you can get very lost in micromanaging that person
or those people.
I remember the first time I hired a VA
back in 2011 or 2012 or so, I hired this person
and I just wanted to check in on them every single day
to make sure they were doing everything perfectly,
which was actually taking more time than the thing
I hired them to do.
So micromanaging kind of defeats the whole purpose
of hiring in the first place.
So make sure that A, you have your person hired
and you can trust them, right.
So the way that you hire who you hire, where you get
that referral from, really matters.
But beyond that, helping them understand what you want
them to do by creating things
like standard operating procedures,
or having your own system, and having them implement that,
is gonna be really important.
And then, thirdly, letting go.
Allowing them to actually do those things.
Yes, they may make mistakes, but that's part of
the learning process between you and your VA, or your hire.
So make sure you understand that when you hire somebody,
yes, initially you're gonna work with them
to help them understand how you want things to be done
and what those systems are.
But then you gotta, like I said, let go a little bit
and trust them, and it'll be a conversation that you
and that person, or those people, will have over time
to take even more of yourself out of that situation.
Alright, and then habit number one, the one that I see
the most common that crushes most entrepreneurs,
is the idea of consuming more than you take action.
Meaning, you're gonna learn a lot of things,
and then you don't actually implement what you learn.
This can be very simple, especially if you are somebody
who loves to read books or listen to podcast episodes
or watch YouTube videos.
Perhaps it is often a distraction that you don't even know
is happening, it becomes habitual to absorb this information
because we get really excited about, again,
the new possibilities, the new things we're learning,
but it can also become overwhelming because then we don't
even know which action to take first,
thus not taking any action at all,
which then is basically a waste of time.
So what I would recommend is implementing
what I've been taught,
and that is the just in time learning method.
The just in time learning method is not Justin Time,
like Justin Timberlake or Justin Bieber.
Just in time means you're only letting yourself
consume and learn information about the next task
that you have going on.
So whatever that next task is, which obviously is important
to figure out, you only allow yourself
to consume information that's gonna help you
achieve that goal, or finish that task.
Now, when I've done this before, and I've taught this
to others, the big question is, well I don't want to--
like how I make sure I don't lose out on this great
information that's out there that is coming across
my social streams that I don't wanna miss,
even though it's not necessarily 100% relevant
to what I'm doing right now.
The answer is, you save it for later.
So I use a tool called Evernote Web Clipper to keep track
of whatever it is I'm finding online, so that I can go
and find it later.
That way I don't have FOMO.
I don't have the fear of missing out on this new thing
or this new article or this new post or podcast episode
that a person has.
I know I could always go back to it later,
because I categorize it and I can find it if I need it.
The funny thing about this is, I hardly ever go back
to read or listen to these things,
because it's just not anything I need anymore.
It's funny how, when something comes across our plate
that we feel like we have to eat it, but you don't.
You can put it aside for later and focus on what you need
to focus on, which will help you with task number one,
which is finishing those projects, right.
So now we're getting more time to finish the things,
and hopefully letting our team do a lot of that effort too.
So that way we can have a winning business.
Don't spend more time consuming
than you are actually creating.
Go out there, create, and build a successful business.
And hopefully these tips are gonna help you.
Are you doing any of these habits?
Actually, down below, let me know if you
have caught yourself doing any of these things.
Again, to reiterate, starting too many things
and not finishing any of them.
Number two, micromanaging your team, or number three,
actually consuming more than you take action.
Are you doing any of those three things?
Put a comment down below.
And also if you have any other habits that you
might be doing that you know you shouldn't be doing,
let's share with the Team Flynn Community here,
so we can all learn from each other too.
Thank you so much.
Make sure you subscribe to the channel
if you haven't already, and then click on the screen
for the next video that's gonna be relevant to you,
to help you on your entrepreneurial journey.
Thanks so much.
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