Howard Schultz struggled financially for 17 years, emphasizing that enduring tough times and patience are crucial for building sustainable success in entrepreneurship.
Restaurants strategically use mints to boost tips. One mint increases tips by 3%, two by 14%, and a staggered approach raises tips by 23%, leveraging reciprocity, personalization, and surprise.
Becoming a millionaire requires significant sacrifice through "elimination, not addition." Remove expenses and negative influences to create momentum for financial success.
@Sascha Born Yooooooo this is INSANELY VALUABLE. I completely agree! I've also seen an Alex Hormozi podcast say you have to know when to say no to opportunities. Would you say it makes sense sometimes to strive for failure and pick up a bunch of opportunities so you learn more in the long run? 🤔
Leila Hormozi explores the necessity of college for various careers, arguing it's essential for some fields but not for others like entrepreneurship, highlighting opportunity cost.
@O R Thank you sir! I just noticed you're in the education space yourself. I've been in two minds about it, I like coaching and helping others but I've never taken the step to make it my full time career. What inspired you to get into being a swimming coach?
@Elena Stojkovska Thank you so much! And you're absolutely welcome as well 😊. Partnership wise I was thinking around the sales department for a business. I've seen so many high level opportunities for business owners to scale using online companies that handle everything from marketing to closing, and the business just focuses on fulfillment. For a revenue share. And Fulfillment wise, kinda like how some influencers use print on demand for merch. Me personally I love sales and have a background there, so would love to build partnerships around that end. Does that make sense?