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Reading: 50 Lessons in Entrepreneurship: Insights from Justin Welsh’s 4.5-Year Rollercoaster
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Strategy

50 Lessons in Entrepreneurship: Insights from Justin Welsh’s 4.5-Year Rollercoaster

Justin Welsh
Last updated: March 13, 2024 3:21 am
Justin Welsh
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4 Min Read
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Justin Welsh is one of the most recognized figures on Linkedin. Many consider him the ‘OG’ of the Linkedin Influencer world. He is also a diversified solopreneur that does more than $5m in revenue per year selling things like his digital course “The Operating System.”
Guest Author: Justin Welsh

50 pieces of advice after 4.5 years as an entrepreneur:

1. Nobody is coming to save you.
2. Respect people’s time.
3. Learn to teach yourself.
4. You learn 10x more trying than reading.
5. Learn to sell or you’re going to struggle.
6. Thick skin is a requirement.
7. Support people, don’t tear them down.
8. Someone will always hate you.
9. Price your offer for access.
10. A good network speeds you up.

11. A bad network slows you down.
12. Start figuring stuff out on your own.
13. If people root against you, cut them out.
14. Always over-communicate.
15. You can learn from everyone.
16. Everyone you talk to is also full of sh*t.
17. Your business heroes are normal.
18. If you can make $1 you can make $1k.
19. And $1k means you can make $10k.
20. Talk to your customers.

21. You can’t ‘hope’ a business to life.
22. Do interesting things & attract mentors.
23. Promote yourself online every day.
24. Write daily for at least 30 minutes.
25. Ignore haters.
26. Help others.
27. Go to therapy and be honest.
28. Drink less alcohol.
29. Start with one revenue stream.
30. Diversify later to survive.
31. Systems beat motivation.
32. Quit focusing on tools and tech.
33. Experiment often.
34. Use data to create better content.
35. Never plagiarize people but borrow.

36. Stop trying to be cool. Be successful.
37. You’re not clever. Be clear.
38. Be on time for important things.
39. Pessimists are often right.
40. Optimists are wealthy.
41. Don’t be arrogant, but be strong.
42. Try a lot of different things.
43. Don’t argue with your customers.
44. Everyone has the same 24 hours.
45. Don’t study Elon if you’re making $0.
46. You can’t control your past.
47. Arguing online is a waste of energy.
48. Starting a business > reading biz books.
49. Anyone selling ‘instant results’ is a con.
50. You’re 100% responsible for your future.

Take every piece of advice here with a grain of salt.

I’m just some random guy on the internet sharing what I’ve learned on my very specific journey, so it might not translate 100% for you.

But, if there is one takeaway, it’s this:

Get started.

That’s how you’ll figure out your own journey.

I hope this list helps you avoid some of the mistakes I made over the last 4.5 years.

P.S. I put every lesson I know about online entrepreneurship inside of The Creator MBA. 14 Chapters, 111 Lessons, and 19 hours of instructional video that will teach you how to build a lean, profitable internet business (even if you’re just starting or don’t have an idea).

You can learn more here: https://lnkd.in/egPdqha6

Have a great Wednesday.

TAGGED:div5

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