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199. 1% Inspiration, 9% Validation, 90% Perspiration
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How to Intelligently & Intentionally Invest Your Time, Energy, and Money to Create High-Impact and High-Income Results.
In this episode, you will learn:
- How to avoid failures and financial losses, take risks and leap into entrepreneurship
- How to do research and small experiments to confirm the viability of an idea before investing too much time and money into it
- Understand the idea of validation before execution or investing a significant amount of time, energy, and resources
Key Takeaways:
- Inspiration is important for entrepreneurs, but there is more to entrepreneurship than just inspiration.
- The quote "work is 1% inspiration and 99% perspiration" is incomplete and needs to be broken down further.
- The quote, "work is 1% inspiration and 99% perspiration" can be broken down into three parts: 1% inspiration, 9% validation, and 90% perspiration
- This breakdown can be helpful for entrepreneurs, especially those starting a side hustle, to avoid costly mistakes and make sure their business is successful.
- Entrepreneurs often move from idea to execution too quickly, which can lead to mistakes and lost money.
- Validation involves doing research and small experiments to confirm the viability of an idea before investing too much time and money into it.
- The 90% perspiration involves intelligent, intentional, and directed work after validation has been completed.
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