SPI 524: The 5 Biggest Mistakes I've Made

11/12/21 • 19 min

3 Listeners

The Smart Passive Income Online Business and Blogging Podcast

#524 In Wednesday's episode with Los Silva from eCom Powerhouse, we talked about some of the big mistakes entrepreneurs make. That conversation is a great one, so check it out if you haven't already. And it got me thinking about the mistakes I've made along the way. And I've made a ton of them. In fact, we could talk for seven to eight hours about all the mistakes I've made in my business. But this is a follow-up Friday episode, so I want to talk about just the five biggest mistakes I've made since embarking on my entrepreneurial career in 2008. I'm not going to talk about the little stumbling blocks, like using the wrong software tool. No, today is about the big, juicy mistakes. The ones that can create forks in the road, and really teach you something valuable. So if you're the kind of entrepreneur who's afraid of making mistakes as you build your business, this might be the perfect episode for you! Here's to the mistakes we all make, and what we can learn from them. Show notes and more at SmartPassiveIncome.com/session524.

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Previous Episode

SPI 523: The Biggest Mistakes Entrepreneurs Make When Growing a Business with Los Silva

#523 We all make mistakes in business. I have made several, and this topic is one of the centerpieces of my conversation today with Los Silva of EcomPowerhouse. Los is somebody I recently met and have become fascinated by. Why? Because in getting to know Los, I've begun to realize that his secret to success goes against the grain of what a lot of people talk about. Because sometimes the best way to grow is to actually slow down and go smaller. It's to try lots of different things at the start until you find what clicks. And it's even—yes—to fail, because failure is an opportunity to learn. You'll hear about Los's origin story in the eBay world, and the failures he went through, until landing on something he could lean into. He shares a ton of insights he's learned along the way, including how to hire and delegate the right way, and why he doesn't like to compete or compare himself or his business to anyone else's. He even shares a little thought experiment for those of you out there who are thinking about how to start positioning and selling your very first product. This episode was a good kick in the butt for me, and I think it might be for you, too! Show notes and more at SmartPassiveIncome.com/session523.

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Next Episode

SPI 525: How to Build Software that Competes in a Crowded Space with Derrick Reimer from SavvyCal

1 Recommendations

#525 How do you compete in a space where there are already established players? Whether it's software, or information products, or physical products, it's not always possible to create something entirely original. There are likely others who have already built something and started cultivating an audience or customer base in your space. Today we're talking with Derrick Reimer, who created SavvyCal, a competing tool to popular schedulers like Calendly. As a competitor to an established option, Derrick had to go about things thoughtfully to make sure there would be a market for what he wanted to create. We talk a little bit about SavvyCal itself (and it's a really cool scheduler!). But the big focus of our conversation is how to get started in a crowded space and create something better than what exists. Because it is definitely possible—you just have to go about things smartly. You're going to learn a lot—because I learned a lot—and I hope you'll take what you learn and apply it to the market and niche you're in. Show notes and more at SmartPassiveIncome.com/session525.

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