IFISE Magazine - August 2017 FED Report
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<strong>FED</strong> REPORT <strong>August</strong> <strong>2017</strong><br />
Model you prepared when you were at 1, it won’t look good anymore to you. So, you<br />
will tweak it to match your new knowledge.<br />
However, you haven’t stopped learning yet. You find yet another useful tool/<br />
technique/concept that you didn’t know before and now your acumen is 4. Naturally,<br />
you would want to re-tweak Variable #1 because Variable #2 has changed.<br />
I’m sure you get my point. People can spend months and years on balancing these 2<br />
variables.<br />
Unfortunately, 80% run out of time, money, energy, patience and lot more before they<br />
could balance those 2 variables. They burn-out!<br />
But it’s all part of learning and growing, isn’t it?<br />
Really!<br />
So, let’s say you have $1000 to spend on your business.<br />
You spend it all in digital marketing without any guidance or mentorship from<br />
anyone. You got zero leads. No body called. No body enquired. $1000, puff… gone!<br />
You turn the lemon into lemonade by saying, at least I know what mistakes I made. I<br />
learned valuable lessons. I now know what to avoid next time.<br />
Once again, seriously, do you call this valuable or learning!<br />
By spending $1000 all you know is what not to do. You still have no clue how to make<br />
even $10 by spending $1000. Next time you will avoid this mistake and will make<br />
another one.<br />
Lack of cash-flow is number one reason for most businesses to go out of business.<br />
If you put this $1000 in bank, then even there you will get at least a 5% return. If you<br />
can’t even convert $1000 $1050 then what exactly are you learning?…<br />
Million ways to spend $1000!<br />
A mentor can speed this up for you because they have roadmap, strategy and plan to<br />
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