3 Paths Every Entrepreneurs Will Take
Many people quit because they don't understand what they're good at.
I came across a video from Alex Hormozi.
While watching it, I felt it relates to many people.
And to me too.
Here are 3 life lessons I learned from him:
Here's the problem:
Many aspiring entrepreneurs struggle to know what they’re good at,
let alone know what to do with their life.
Alex Hormozi’s video on “3 Ways to Do What You Love (and get wealthy too) helps us understand the types of paths you can and eventually will take:
3 paths every entrepreneur has to take:
Pure artist
Pure entrepreneur
Hybrid path
The First Path: Pure Artist
The path of a pure artist is the person who loves doing the thing.
Your art form can be:
Plumbing
Carpentry
Coding software
Making media
Making wallets
You just enjoy doing it and you do it well.
What happens is you get better over time,and rather than increasing the number of units sold, you can increase the price and make more money out of it.
If you’re on this path, master your art.
Be so good people look for you for your work.
The Second Path: Pure Entrepreneur
Pure entrepreneurs are people whose art form is the business.
Rather than thinking about wallets,and selling more wallets, the business itself is the painting.
As they develop as an artist, so too does their expression of art.
The businesses they build become bigger, more complex, more neat, or simpler.
Focus on the art of business – learning the art of selling and offering.
The Third Path: Hybrid
Tobias Lütke, founder of Shopify, loves building Shopify pages, loves coding, and loves building products.
He found somebody else to build the business around him while he did what he’s best at.
There’s no right path here.
It depends on the season you’re in and what works best for you.
My point here?
You can start on the artist path and transition to the entrepreneur path later.
Alex Hormozi started as an artist to fitness. He studied the art of fitness which includes things like:
Macro counting,
Different ways to exercise
Exercise programs.
And became an entrepreneur later.
The artist path starts with offering at a commoditized price point, and eventually do things at extraordinarily high levels and the price point eventually becomes a luxury.
People come to you because they trust your work.
And you offer the best that nobody in the market can offer.
Understand what you do best and offer it to the world.
If you’re an entrepreneur by heart,sure, go down that path.
If you’re good at a craft, make sure to be better as you go.
There’s no right path, there’s only the path.
Hope you’ve learned something here.
Thanks for reading my friends.
AI Tools to Boost Your Productivity
Ideogram - Generate realistic AI images with legible text.
Claude - AI assistant from Anthropic, with the recent release of Claude 3.
Pi - Your personal AI assistant that organizes your thoughts, makes clear plans, and acts on them.
Chatsimple - Copilot for your website visitor powered by AI.
Microsoft Copilot - Your AI research assistant that focuses on productivity and creativity (Also, they launched their custom Copilot GPTs).
Top Learnings of the Week
Cognition launches the first-ever AI software agent: It can code, test, deploy apps, find and fix bugs, learn new technologies, and even contribute to open-source projects all on its own. Devin is meant to work alongside human programmers to handle routine tasks, freeing them up to focus on more complex challenges.