Weird Entrepreneur Math 🤔 #Best Education Page #Online Earning

- Let's do the math.

- You don't have to be good with numbers

to be a great entrepreneur.

Maybe you've always struggled with math a little bit,

but it's not your fault.

- It's not your fault.

- But there is some weird math

that most newbie entrepreneurs get wrong.

So let's talk through five examples.

Number one, having a hundred people online

versus having a hundred people in a room in real life.

There is no difference because it's a hundred people.

However, we treat the people who are online

a little bit differently.

We don't often imagine exactly what that number means.

A lot of people are upset because they have

very little email subscribers or very low

YouTube subscriber count,

but actually when you think about

that there are actual human beings on the other end,

imagine if all those people were in the same room,

you start to treat those people a little bit differently.

So the big lesson here is a hundred people online

versus a hundred people in a room.

You should treat them both equally the same

because they are humans who can learn from you.

Number two, one negative comment is greater

than 1,000 positive comments.

You can get thanked for all day

but as soon as that one negative comment comes in,

that one hater or troll or that person

who just tells you you're not doing it right,

it starts to eat away at you

and you forget about all the other people

who have thanked you for what you've done.

Like, imagine you're a poker player

and you've won a thousand hands,

but that one hand that you lose at the final table

is just one that you cannot stop thinking about.

And for many people, it affects their game because of it.

So as an entrepreneur, know that you are inviting

haters and people with other opinions into your life

and that's normal.

It's totally okay.

However, it's not okay to have those people

ruin the experience for everybody else

who appreciates what you do.

Every second you waste thinking about a hater

is a second that you are taking away

from those who really, really need you.

Number three, making a million dollars.

This seven figure mark has become this thing

that just all entrepreneurs want for no apparent reason.

And yes, it's kind of cool to have seven figures

but what about high six figures

or even a few extra thousand dollars a month.

Could that actually, potentially change your life?

Probably, so instead of picking an arbitrary number

like a million dollars, why don't you pick an exact number

that you could work backwards from

to figure out exactly what you need to do

because perhaps, how much you need to make

to live the lifestyle you want to live

is completely different than making seven figures a year.

And if you find out exactly what that number is,

well then you can work backwards from there

to find out exactly what you need to do

and do it with purpose,

knowing that this goal is actually one that matters to you.

Number four, the magnetic pull of vanity numbers.

And by vanity numbers, I mean things like

the number of subscribers that you have

or the number of followers or fans you have

on social media.

Although it's important to track those things,

it means that your audience is growing,

does it actually mean you have a business?

Absolutely not, because you could have

a million subscribers and not make a dime.

Growing a large subscriber base

does not mean you are growing a business.

A business makes money.

That's how it becomes sustainable,

that's how you can help more people.

You need to generate opportunities for yourself

to not just build a subscriber base,

but generate an income as a result

of that subscriber base, too.

So what numbers are actually important to track?

Well, obviously dollars and income and expenses, right?

But beyond that, we also need to understand

conversion rates and how people

are coming from Instagram or social media

into your email list.

And how many people on that email list

are clicking through into those offers that you're giving.

So subscribers and fans and followers,

they do not equal dollars one to one.

It's like comparing apples and oranges.

- How do you like them apples?

- And number five, the relationship between time and money

get all out of wack because you know

most of us are used to working for one hour

and getting paid for that one hour of work.

But, as an entrepreneur, you're putting in

a lot of work upfront where you might not even

be getting any money at all,

for the hopes that you can actually begin

to start to build a business

that can work for you over time.

All right, let me show you what I mean really quick.

Now drawing a graph here between the relationship

of time and money, time over here and money over here.

Traditionally, we're used to working

for x hours and getting paid for x hours, right,

and that kind of looks like this.

And maybe you get a raise every once in a while,

might go up to this and then kind

of go on a graph like that.

Now as an entrepreneur, you might start out

a little bit lower here in terms

of the income that you can make.

And then start to exponentially grow

after you reach a certain point.

Now the trick is, how do we get to that?

The big lesson there is that all entrepreneurs

have to have patience.

And I know we live in a world

where we can instant access to everything,

but when it comes to results,

you need to give yourself time.

But you also have to take the right actions, too.

And I'm here to help you, so thank you again

for watching this video.

And really quick before you go,

I want you to leave a comment really quick

and tell me which of these five examples

of weird entrepreneur math do you resonate with.

Maybe it's the one that you struggle with

or you notice as well.

So let me know in the comments section below.

Thanks again, make sure you subscribe to the YouTube channel

if you haven't already.

Look forward to reading your comments

and I'll see you in the next video.

Thanks, again.

- How do you like me now?

#Best Education Page #Online Earning

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