January 17, 2024

8 Lessons I Learned Over 20 Years Being An Entrepreneur

28 minutes

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Summary

In this conversation, Brett Ingram shares eight lessons he learned over 20 years as an entrepreneur. He emphasizes the importance of learning from experience, both our own and others'. The lessons cover topics such as pursuing passion over profitability, taking action, having a mentor or model, collaborating and delegating, managing time effectively, overcoming challenges, gaining perspective, and achieving the lifestyle we dream about as entrepreneurs.

Takeaways

Experience is a great teacher, and we can learn valuable lessons from our own experiences as well as from others.

Passion is crucial for success as an entrepreneur, as it provides the motivation and resilience needed to overcome obstacles.

Taking action is essential for progress and success, as learning without implementation leads to stagnation.

Having a mentor or model can greatly accelerate our learning and success by providing guidance and insights.

Collaboration and delegation are necessary for growth and scalability, as we can't do everything alone.

Effective time management is key to maximizing productivity and achieving our goals.

Challenges and obstacles are inevitable, but they provide opportunities for growth and resourcefulness.

Gaining perspective helps us make better decisions and avoid making life-changing mistakes.

Entrepreneurship offers the potential to create the lifestyle we desire, with flexibility and fulfillment.

Chapters

00:00 Introduction

05:18 Lesson 1: Passion over Profitability

09:45 Lesson 2: Taking Action

12:30 Lesson 3: Having a Mentor or Model

15:55 Lesson 4: Collaboration and Delegation

19:16 Lesson 5: Time Management

20:42 Lesson 6: Overcoming Challenges

21:11 Lesson 7: Gaining Perspective

23:07 Lesson 8: Entrepreneurship and Lifestyle

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By Brett Ingram