Archive 2 of Momentum for the Entrepreneurial Personality Type (EPT)

524 - Be Careful Following Runaway Success


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Entrepreneurs love a runaway success story, myself included. We want to know what that person is doing, how they did it, and see if we can do the same thing. The problem is, far too many people ask what they are doing and try to copy it exactly. But doing this can cause you major issues, and most likely end up hurting your business rather than helping it. It's okay to follow a success story, but make sure to build your company around the inspiration from it. Figure out what frameworks, what evaluations tools, etc. they are using. If you start mimicking someone's business plan precisely, it's going to cause you challenges. You will end up adding things your business doesn't even need because no two businesses are alike. Use success stories for ideas but then analyze your company to see what it needs. Tune in for my advice on what steps you need to take after becoming inspired by someone's success story! Resources mentioned: Billionairecode.com

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Archive 2 of Momentum for the Entrepreneurial Personality Type (EPT)By Alex Charfen