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Strategize with Strengths and Market Pain Points

4:09
7:35
2.5K views

At 4:09 in

Is Success Just Dumb Ass luck?

What happens here

The speaker advises putting together a plan for a first venture by identifying a 'pain in the market' that aligns with one's strengths. Instead of focusing on improving weaknesses, he urges individuals to build upon what they are already good at. This strategy allows them to become a leader in their chosen market and provides the working capital and experience needed to attempt new things and eventually venture into higher-risk businesses.

Goal: Formulate a business plan based on personal strengths and identified market needs.

What they say

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put a plan together on your first Venture I want you to find a pain in the market I want you to look at your strengths and I want you to say oh I'm good at this and then I want you to analyze that market and go is there something missing is there a pain in that market is there some place not being serviced at all or I could come in and change what's happening a little bit and service that area that's that's going to give you your first taste of Entrepreneurship of running your own business dominate that absolutely pick something you're good at and focus on that do not focus on things you're mediocre at just forget about it if you're mediocre at something don't try it out build upon your strengths and you will dominate your Market focus on building upon your weakness and you will become mediocre at best there is absolutely no reason for you you to waste your time trying to improve your weaknesses when you should be improving upon the things you were already excelling at which will make you a leader in the market before anyone else so that is the Ultimate key to success I don't care how poor you are starting out with it's a combination of hard work calculated risk low-level risk which will then migrate into higher risk higher reward businesses 5 or 10 years down the road and level of sheer dumbass luck which is completely out of your control but that dumbass luck has built every single successful person that you've ever met and they fail to mention that because it's out of their control they don't want to give credit where credit is due and it's taking power away from them that's why they don't mention how critical just being lucky is in the grand scheme of it and I want you to wrap your head around the fact that you may not not be lucky the first time the second the fifth or the 10th time you may not be lucky but the 11th or 12th time that may be your breaking point that may be where things start to stick and then you can make your business grow from there so don't give up on yourself don't give up because you didn't get lucky don't take the blame for all the failures but analyze what went wrong if it does go wrong and improve upon it the next time there's never a bad experience every experience is a lesson learned and a way to do things better the next time absolutely the power is within you you have to be motivated you have to be ambitious you have to be driven understand the risk levels low risk low reward dominate the lowrisk low reward business that…

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