Anything less is a hobby
Work more than your competitors
More progress
Real commitment to the business
“If you will work for five years like no one else will, you can live the rest of your life like no one else can.” The meaning of this piece of advice is quite simple—hard work in the beginning of a new endeavor always pays off in the end.
A serious business can't be a hobby
You should work harder in your own business than you would for someone else's business
Real devotion pays off
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Some business owners approach their business like a hobby: they start the business because they are passionate about their products or services, but soon after the business opens its doors, they tire of the work involved and significantly cut back the time in which they are at the place of business. They might go to their business location for a few hours each day or for a few hours each week. But they don’t devote as much time to the business as they need in order to lift it off the ground.
While this kind of lifestyle might seem carefree and fun, it can’t sustain you and your family. To combat these foolish tendencies and establish business patterns that are more likely to lead to success, you should work at least as hard for yourself (on your business) as you would if you were accountable to an employer—and probably even harder (especially at the beginning of the business)! Hence, the recommendation to work at least ten hours a day and 51⁄2 days a week.
A popular saying in the field of entrepreneurship states, “If you will work for five years like no one else will, you can live the rest of your life like no one else can.” The meaning of this piece of advice is quite simple—hard work in the beginning of a new endeavor always pays off in the end. In order for you to establish good business habits and allow yourself the time to really get the business up and running, you should have a set schedule, work about 51⁄2 days per week, work a full ten hours a day, and be constantly striving to increase business. You can grow your business by being at work, talking to customers and employees about the business, establishing good partnerships with suppliers and customers, and so forth.
Overcoming these obstacles will help you implement this rule of thumb successfully.
It's a sacrifice to work that hard
Less personal time (at first)
Delayed gratification
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With respect to running a business, you must sacrifice your spare time and short-term personal interests in order to reap the greater benefits of financial security and long-term business success. By adopting this proper perspective, you can overcome your personal hesitancies to work in your business as much as needed.
Application of the Principle in each stage of Act Now
"You have to work hard. Hard work is the only way to be successful."
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Set a regular work schedule
Treats his IGA like he would a job for someone else
Pushed through tiredness
Julieta: Cafe owner | Grow Now
"You should be far more motivated to build your own business than you would be working for someone else's' business."
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Works harder for herself than she would for someone else
Understands that how hard she works correlates with how much she makes
Doesn't quit when she's tired
Manuel: Online clothing retailer | Expand Now
"My business is my job. I wouldn't show up late to my job because than I'd get fired. If I don't work hard in my business I will get fired because I wont make enough money to live."
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See his business as an employer
Works roughly 50 hours a week
Is starting to be able to take more time off
Marta: Digital marker | Give Now
"Success in business is all about how much stuff you can get done. Working that extra time gets more stuff done and makes you more successful."
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Sees hard work as an investment in her business
Get's more done than her competition
Is able to take more vacation
Chapter Meeting Agenda
Where There Are No Jobs Vol.1
SGMB resources/ videos
other staff resources ??