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Summary
In this conversation, Brett Ingram discusses six common mistakes that people make when starting a digital business and provides insights on how to avoid them. He emphasizes the benefits of a digital business, such as flexibility and control over one's schedule. However, he cautions against chasing money as a primary motivation and encourages starting with a passion instead. He advises against jumping from idea to idea and highlights the importance of expecting hard work and challenges. Additionally, he emphasizes the need to adapt to market changes, maintain self-discipline, and think long-term.
Takeaways
Starting a digital business offers flexibility and control over one's schedule.
Avoid chasing money as the primary motivation; start with a passion instead.
Commit to one idea and focus on making it work rather than jumping from idea to idea.
Expect hard work and challenges; building a successful business is not fast or easy.
Adapt to market changes and make necessary adjustments to stay competitive.
Maintain self-discipline and schedule dedicated time for work.
Think long-term and have the fortitude to overcome short-term setbacks.
Chapters
00:00 Introduction to the Benefits of a Digital Business
03:00 Mistake #1: Chasing Money
06:38 Mistake #2: Jumping from Idea to Idea
09:56 Mistake #3: Expecting Fast and Easy Success
13:20 Mistake #4: Resisting or Ignoring Market Changes
17:38 Mistake #5: Lack of Self-Discipline
21:00 Mistake #6: Short-Term Thinking and Lack of Fortitude
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