everyone welcome to another YouTube hang out today I want to talk about how do
out today I want to talk about how do
out today I want to talk about how do you measure your success in your first
you measure your success in your first
you measure your success in your first year of business one of my members of my
year of business one of my members of my
year of business one of my members of my online mastermind group asked me that
online mastermind group asked me that
online mastermind group asked me that this morning how this could be a great
this morning how this could be a great
this morning how this could be a great video topic to be able to help her and
video topic to be able to help her and
video topic to be able to help her and also help you guys might be facing the
also help you guys might be facing the
also help you guys might be facing the same challenge so her particular issue
same challenge so her particular issue
same challenge so her particular issue is she’s six months in she doesn’t
is she’s six months in she doesn’t
is she’s six months in she doesn’t really know if she’s successful or not
really know if she’s successful or not
really know if she’s successful or not she doesn’t really have any metrics or
she doesn’t really have any metrics or
she doesn’t really have any metrics or know how to compare herself to other
know how to compare herself to other
know how to compare herself to other businesses and I’m going to give you
businesses and I’m going to give you
businesses and I’m going to give you five questions to ask yourself to help
five questions to ask yourself to help
five questions to ask yourself to help you understand if you’re successful yet
you understand if you’re successful yet
you understand if you’re successful yet in that first year six months is an
in that first year six months is an
in that first year six months is an interesting point because by now the
interesting point because by now the
interesting point because by now the fumes have worn off right when you start
fumes have worn off right when you start
fumes have worn off right when you start any business you’re super excited you
any business you’re super excited you
any business you’re super excited you are ready to go you’re telling all your
are ready to go you’re telling all your
are ready to go you’re telling all your friends about it you’re really
friends about it you’re really
friends about it you’re really passionate and you’re just driving and
passionate and you’re just driving and
passionate and you’re just driving and living off of fumes right you don’t need
living off of fumes right you don’t need
living off of fumes right you don’t need a lot of sleep in that first little bit
a lot of sleep in that first little bit
a lot of sleep in that first little bit you’re just so excited to start a
you’re just so excited to start a
you’re just so excited to start a business after the six-month mark and
business after the six-month mark and
business after the six-month mark and carrying on for the rest of the year
carrying on for the rest of the year
carrying on for the rest of the year that’s the test that’s the test to see
that’s the test that’s the test to see
that’s the test that’s the test to see if you’re still passionate and excited
if you’re still passionate and excited
if you’re still passionate and excited about it see if you actually love the
about it see if you actually love the
about it see if you actually love the business that you’re in or if you just
business that you’re in or if you just
business that you’re in or if you just love the idea of being an entrepreneur
love the idea of being an entrepreneur
love the idea of being an entrepreneur because a lot of people rush into being
because a lot of people rush into being
because a lot of people rush into being the entrepreneur and start in the
the entrepreneur and start in the
the entrepreneur and start in the company but it’s not actually the right
company but it’s not actually the right
company but it’s not actually the right business for them yes maybe they’re
business for them yes maybe they’re
business for them yes maybe they’re supposed to be an entrepreneur but they
supposed to be an entrepreneur but they
supposed to be an entrepreneur but they pick the wrong company to start and so
pick the wrong company to start and so
pick the wrong company to start and so the first question that I have that I
the first question that I have that I
the first question that I have that I would ask you is am I still passionate
would ask you is am I still passionate
would ask you is am I still passionate about what I do do I still love this
about what I do do I still love this
about what I do do I still love this business is this something that I wake
business is this something that I wake
business is this something that I wake up and I’m still excited by and if it is
up and I’m still excited by and if it is
up and I’m still excited by and if it is that’s great you have to continue if
that’s great you have to continue if
that’s great you have to continue if it’s not then you might start to
it’s not then you might start to
it’s not then you might start to question it and think about okay how can
question it and think about okay how can
question it and think about okay how can I make this more of me how can I bring
I make this more of me how can I bring
I make this more of me how can I bring more of my energy and passion into this
more of my energy and passion into this
more of my energy and passion into this business is it a tweak or is it closing
business is it a tweak or is it closing
business is it a tweak or is it closing down and going doing something else or a
down and going doing something else or a
down and going doing something else or a lot of people start just the plain wrong
lot of people start just the plain wrong
lot of people start just the plain wrong business and so am I still passionate
business and so am I still passionate
business and so am I still passionate about it is the first most important
about it is the first most important
about it is the first most important question that you want to ask because of
question that you want to ask because of
question that you want to ask because of the core of any successful business
the core of any successful business
the core of any successful business longer term is being passion about what
longer term is being passion about what
longer term is being passion about what you’re doing the second is the second
you’re doing the second is the second
you’re doing the second is the second question have I adapted my business
question have I adapted my business
question have I adapted my business since I started one thing
since I started one thing
since I started one thing that you’ll always find in any business
that you’ll always find in any business
that you’ll always find in any business is the idea that you start with is not
is the idea that you start with is not
is the idea that you start with is not the idea that you finish with right you
the idea that you finish with right you
the idea that you finish with right you have an idea you have it on paper maybe
have an idea you have it on paper maybe
have an idea you have it on paper maybe write a business plan and it’s going to
write a business plan and it’s going to
write a business plan and it’s going to change over time right it’s you look at
change over time right it’s you look at
change over time right it’s you look at any successful company look at how they
any successful company look at how they
any successful company look at how they started it’s never what they started
started it’s never what they started
started it’s never what they started with is never what they are doing right
with is never what they are doing right
with is never what they are doing right now you look at companies like BMW you
now you look at companies like BMW you
now you look at companies like BMW you know you know reason why their logo is
know you know reason why their logo is
know you know reason why their logo is that four part blue and white icon
that four part blue and white icon
that four part blue and white icon that’s an airplane propeller because
that’s an airplane propeller because
that’s an airplane propeller because they started off making airplanes you
they started off making airplanes you
they started off making airplanes you look at companies like Wrigley that
look at companies like Wrigley that
look at companies like Wrigley that makes a gum he started off I believe
makes a gum he started off I believe
makes a gum he started off I believe selling soap or detergent and then had
selling soap or detergent and then had
selling soap or detergent and then had or had a bunch of other products that he
or had a bunch of other products that he
or had a bunch of other products that he just created as a free gimme and then
just created as a free gimme and then
just created as a free gimme and then gum was something that he just offered
gum was something that he just offered
gum was something that he just offered out for free and people love the gum so
out for free and people love the gum so
out for free and people love the gum so every purchase of his soap or detergent
every purchase of his soap or detergent
every purchase of his soap or detergent that you buy could get some free gum and
that you buy could get some free gum and
that you buy could get some free gum and he eventually moved to just making the
he eventually moved to just making the
he eventually moved to just making the gum because that’s what people wanted
gum because that’s what people wanted
gum because that’s what people wanted that’s what he was excited about and so
that’s what he was excited about and so
that’s what he was excited about and so you know look at my youtube channel how
you know look at my youtube channel how
you know look at my youtube channel how much it’s changed if you go back six
much it’s changed if you go back six
much it’s changed if you go back six years on my channel go back you’re
years on my channel go back you’re
years on my channel go back you’re talking six month time frame go back six
talking six month time frame go back six
talking six month time frame go back six months and see how much it’s changed so
months and see how much it’s changed so
months and see how much it’s changed so has your business change because it
has your business change because it
has your business change because it hasn’t changed then I would say that’s a
hasn’t changed then I would say that’s a
hasn’t changed then I would say that’s a factor that you not being successful you
factor that you not being successful you
factor that you not being successful you want to make sure that you are changing
want to make sure that you are changing
want to make sure that you are changing your testing your assumptions that
your testing your assumptions that
your testing your assumptions that you’re always adding something new to
you’re always adding something new to
you’re always adding something new to what you’re doing in your business
what you’re doing in your business
what you’re doing in your business number three is am i building or losing
number three is am i building or losing
number three is am i building or losing momentum this is one is really important
momentum this is one is really important
momentum this is one is really important because at the start you feel like you
because at the start you feel like you
because at the start you feel like you have a lot of momentum right you are
have a lot of momentum right you are
have a lot of momentum right you are energetic you have lots of ideas you are
energetic you have lots of ideas you are
energetic you have lots of ideas you are telling all your friends about it and
telling all your friends about it and
telling all your friends about it and you get this initial surge of interest
you get this initial surge of interest
you get this initial surge of interest and maybe your friends are subscribers
and maybe your friends are subscribers
and maybe your friends are subscribers your YouTube channel or buy your product
your YouTube channel or buy your product
your YouTube channel or buy your product to tell the tell their friends about it
to tell the tell their friends about it
to tell the tell their friends about it and then you quickly exhaust your local
and then you quickly exhaust your local
and then you quickly exhaust your local network and then it’s easy for mint in
network and then it’s easy for mint in
network and then it’s easy for mint in the slip and so is momentum still moving
the slip and so is momentum still moving
the slip and so is momentum still moving forward for you right have you added new
forward for you right have you added new
forward for you right have you added new things to your product line to your
things to your product line to your
things to your product line to your website to your business that gets
website to your business that gets
website to your business that gets people talking are you you know featured
people talking are you you know featured
people talking are you you know featured on somebody’s youtube channel are you in
on somebody’s youtube channel are you in
on somebody’s youtube channel are you in the media are you getting new customers
the media are you getting new customers
the media are you getting new customers are you getting some more momentum going
are you getting some more momentum going
are you getting some more momentum going because a lot of times that’s what’s
because a lot of times that’s what’s
because a lot of times that’s what’s going to
going to
going to you can cite the flatline the new
you can cite the flatline the new
you can cite the flatline the new momentum is going to dip and with that
momentum is going to dip and with that
momentum is going to dip and with that diplom entom is going to come you
diplom entom is going to come you
diplom entom is going to come you feeling like this isn’t going to work
feeling like this isn’t going to work
feeling like this isn’t going to work maybe I shouldn’t do a mission with
maybe I shouldn’t do a mission with
maybe I shouldn’t do a mission with something else and so if you still have
something else and so if you still have
something else and so if you still have some momentum or if you see some
some momentum or if you see some
some momentum or if you see some momentum starting to pick up then I
momentum starting to pick up then I
momentum starting to pick up then I would say that is a great factor in your
would say that is a great factor in your
would say that is a great factor in your business becoming successful uh number
business becoming successful uh number
business becoming successful uh number four is am i adding value to my clients
four is am i adding value to my clients
four is am i adding value to my clients and at the end of the day you get paid
and at the end of the day you get paid
and at the end of the day you get paid by creating value right businesses
by creating value right businesses
by creating value right businesses create value for their clients so are
create value for their clients so are
create value for their clients so are people enjoying your business right she
people enjoying your business right she
people enjoying your business right she has a youtube channel so are people
has a youtube channel so are people
has a youtube channel so are people subscribing are people leaving comments
subscribing are people leaving comments
subscribing are people leaving comments of people giving you thumbs ups or
of people giving you thumbs ups or
of people giving you thumbs ups or people engage with what you’re creating
people engage with what you’re creating
people engage with what you’re creating right doesn’t you don’t need a lot at
right doesn’t you don’t need a lot at
right doesn’t you don’t need a lot at this point right I mean ideally you do
this point right I mean ideally you do
this point right I mean ideally you do want to have tons of people engage with
want to have tons of people engage with
want to have tons of people engage with what you’re doing but I remember for me
what you’re doing but I remember for me
what you’re doing but I remember for me when I was first starting just having
when I was first starting just having
when I was first starting just having one person say this is a great video
one person say this is a great video
one person say this is a great video thank you so much it’s helped me make an
thank you so much it’s helped me make an
thank you so much it’s helped me make an importance in my life then I knew that
importance in my life then I knew that
importance in my life then I knew that what I’m doing is important is adding
what I’m doing is important is adding
what I’m doing is important is adding value and so are you getting that kind
value and so are you getting that kind
value and so are you getting that kind of feedback and if not then what else
of feedback and if not then what else
of feedback and if not then what else can you do to provide more value to your
can you do to provide more value to your
can you do to provide more value to your customers and then the fifth is am I
customers and then the fifth is am I
customers and then the fifth is am I making money you know four and five are
making money you know four and five are
making money you know four and five are tied to each other right if you are
tied to each other right if you are
tied to each other right if you are providing value then you’re going to
providing value then you’re going to
providing value then you’re going to make money and that might not be
make money and that might not be
make money and that might not be immediate there might be a little bit
immediate there might be a little bit
immediate there might be a little bit delayed right if you’re providing value
delayed right if you’re providing value
delayed right if you’re providing value people will talk about you you’ll get
people will talk about you you’ll get
people will talk about you you’ll get more traffic you get more people
more traffic you get more people
more traffic you get more people visiting you and that will translate
visiting you and that will translate
visiting you and that will translate into money but value and money are tied
into money but value and money are tied
into money but value and money are tied so are you making money in the day the
so are you making money in the day the
so are you making money in the day the business has to make money right we’re
business has to make money right we’re
business has to make money right we’re not here running the charity and so are
not here running the charity and so are
not here running the charity and so are you making some money through your
you making some money through your
you making some money through your business it may not be a lot and it
business it may not be a lot and it
business it may not be a lot and it depends on how much time you’re
depends on how much time you’re
depends on how much time you’re committing to this is a full-time
committing to this is a full-time
committing to this is a full-time business or is this a part-time business
business or is this a part-time business
business or is this a part-time business you’re committing half an hour data this
you’re committing half an hour data this
you’re committing half an hour data this or 14 hours a day to this right that
or 14 hours a day to this right that
or 14 hours a day to this right that will dramatically impact how much money
will dramatically impact how much money
will dramatically impact how much money you’re going to be making but are you
you’re going to be making but are you
you’re going to be making but are you making some money and is that slowly or
making some money and is that slowly or
making some money and is that slowly or quickly going up right is is this the
quickly going up right is is this the
quickly going up right is is this the trend I’m making money instead of this
trend I’m making money instead of this
trend I’m making money instead of this the trend and I think those five
the trend and I think those five
the trend and I think those five questions and for those of you who are
questions and for those of you who are
questions and for those of you who are watching and just kind of joined them
watching and just kind of joined them
watching and just kind of joined them one am I still passionate what I do and
one am I still passionate what I do and
one am I still passionate what I do and will these over here to have I adapted
will these over here to have I adapted
will these over here to have I adapted my business since I started three my
my business since I started three my
my business since I started three my building
building
building losing momentum for am i adding down to
losing momentum for am i adding down to
losing momentum for am i adding down to my clients and five am I making money
my clients and five am I making money
my clients and five am I making money those will be a really accurate
those will be a really accurate
those will be a really accurate reflection I think if you are successful
reflection I think if you are successful
reflection I think if you are successful in your first six months or in your
in your first six months or in your
in your first six months or in your first year of business much more than
first year of business much more than
first year of business much more than have I may X thousands dollars because
have I may X thousands dollars because
have I may X thousands dollars because every business is different but if you
every business is different but if you
every business is different but if you follow those five questions you will
follow those five questions you will
follow those five questions you will know if you’re successful or not and
know if you’re successful or not and
know if you’re successful or not and what you need to do to change it there’s
what you need to do to change it there’s
what you need to do to change it there’s a bunch of people watching rishi cup is
a bunch of people watching rishi cup is
a bunch of people watching rishi cup is watching i hope you’re getting some good
watching i hope you’re getting some good
watching i hope you’re getting some good value from this so how am I the only one
value from this so how am I the only one
value from this so how am I the only one watching this live glad it’s helping you
watching this live glad it’s helping you
watching this live glad it’s helping you there’s a bunch of people watching Venus
there’s a bunch of people watching Venus
there’s a bunch of people watching Venus from Ireland Randy handbag good to see
from Ireland Randy handbag good to see
from Ireland Randy handbag good to see you man greens from India I love the
you man greens from India I love the
you man greens from India I love the international audience here for those of
international audience here for those of
international audience here for those of you who are watching live leave it in
you who are watching live leave it in
you who are watching live leave it in the comments man it’s awesome to see
the comments man it’s awesome to see
the comments man it’s awesome to see where you’re coming from hello from
where you’re coming from hello from
where you’re coming from hello from Earth I love it anyway thank you guys
Earth I love it anyway thank you guys
Earth I love it anyway thank you guys for watching I hope that helped you for
for watching I hope that helped you for
for watching I hope that helped you for those of you who are watching the live
those of you who are watching the live
those of you who are watching the live stream let me know what you think leave
stream let me know what you think leave
stream let me know what you think leave in the comments below and if you’re
in the comments below and if you’re
in the comments below and if you’re interested in joining our mastermind
interested in joining our mastermind
interested in joining our mastermind group I’ve left the link in the
group I’ve left the link in the
group I’ve left the link in the description too awesome guys have a
description too awesome guys have a
description too awesome guys have a great day I’ll talk to you soon
”
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