ASK JOHN SHOW mentoring session earlier this week. I would like to share you conversation of that mentoring session with you which we think will be valuable for you as long you are an entrepreneur and aiming to become an entrepreneur. One of the participants raised this questions
Participants: I am currently working on care model and I have some specific skill set which is common in Vietnam as I do that in a very unique way. Now I would like to setup a business so that can be my good hustle.
John Masud Parvez: Since when are you aiming to do that?
Participants: I was having fun actually but then as soon I have my kid an year ago I decided I need something more than this.
John Masud Parvez: Why did you particularly wanted to do this?
Participants: After I having my kids, I wanted to send my kids to international school and I found that will be just impossible with my present pay grade.
John Masud Parvez: How many hours are you working on this?
Participants: 5 hours per week. I am pretty busy with my family, kids and my present job. I can hardly manage to spend my time on this.
John Masud Parvez: By when do you go ahead and launch your initiative ?
Participants: in next 2 years of time.
John Masud Parvez: How long are you working on this? And materials have you produced so far?
Participants: Almost 2 years. I am working on my mind.
John Masud Parvez: I understand your purpose, you want to enable yourself for that situation where you will be able to effort better education and level of life for your life.
I understand you don't have fund to establish your own business. If you are thinking to gain fund with just your idea, just forget about that right away. No One is going to fund you unless you already have a steady profitable business. The Harvard, Stanford, MIT graduate get funded for their ideas because they already achieve to be in that 'genius' club. I guess, you are not from anyone of those.
So what are you going to do ?
You want to build up your own business, and the biggest enemy of entrepreneur and the things which never let a startup to setup, is - lack of clarity. Add Clarity on that you are working on, what you have done, put them in paper, of word file, or excel file, and fine tune them day after day, and that's how you can progress! Here are the two punch lines for you
The thing you can see, you cant measure,
The thing you cant measure, you cant improve
And then you will be add right amount of resources, people, add right focus, to grow in correct velocity, that means -
Feed the beast. The more you feed, the more it's going to grow.
Participants: Thank you very much John. I understand, I need to do many things in different ways.
John Masud Parvez: I am happy that I could help you on this.