How To Start A Business In 2019(Featuring Eric Siu)

TL;DR

CEO Eric Sue shares strategies for overcoming financial constraints, dealing with unsupportive family/friends, staying motivated, and treating life as a game.

Transcript

hey what's going on everybody so I'm here in Los Angeles with Eric sue he's the CEO of single green and I wanted to bring mine to the channel today to talk to everybody about launching your business marketing your business and just growing your business he's also the host co-host with Neil Patel for marketing school to podcast as one of the top bus... Read More

Key Insights

• 👨‍💼 Starting a consulting business based on marketable skills can generate income and build experience without significant financial investment.
• ⌛ Unsolicited advice or discouragement from loved ones may stem from a desire to protect, but focusing on tangible results can change their viewpoints over time.
• 🥰 Motivation as an entrepreneur often stems from finding something you genuinely love and making it a passion rather than a job.

Questions & Answers

Q: How can someone overcome financial constraints when launching a business?

The best strategy is to start a consulting business, utilizing marketable skills like web design, web development, or marketing to generate income without a significant overhead cost. Hiring contractors in the beginning allows flexibility and lowers expenses.

Q: How can individuals deal with unsupportive family members or friends when pursuing entrepreneurship?

It is common for loved ones to discourage entrepreneurship due to concerns about stability. In these situations, it's important to understand that they are trying to keep you safe. Focus on proving your success through tangible results, such as showing them the business's growing numbers, which can change their perspective over time.

Q: How does one stay motivated every day as an entrepreneur?

At a young age, it's acceptable to enjoy life, party, and explore the world. However, eventually, you will find something you love and want to go all-in on. When you genuinely enjoy what you do, waking up and working becomes exciting. Taking breaks and vacations are also essential for strategizing and recharging.

Q: How does the concept of treating life as a game relate to entrepreneurship?

Viewing life as a game helps apply gaming skills, such as quick reactions and team building, to business strategies. Eric Sue believes that business itself is a game, involving tactics like hiring the right people and closing deals. By treating life as a game, one can approach challenges with a more strategic mindset.

Summary & Key Takeaways

• Eric Sue suggests starting a consulting business if you have limited funds, offering services like web design, web development, or marketing to generate income and build skills.

• When faced with unsupportive family or friends, Eric advises staying focused on what you can control and proving your success through tangible results like numbers.

• To stay motivated every day, Eric recommends finding something you genuinely love and going all-in on it, eventually reaching a point where work feels like a passion.

• Eric talks about treating life as a game, drawing parallels between gaming skills and real-life business strategies, which makes the journey more enjoyable and effective.