How to Climb the Startup Mountain | Why Most People Quit When Only 20% of the Way There – A Knowledge Bomb
Show Notes
“Before success comes in any man’s life, he is sure to meet with much temporary defeat, and, perhaps, some failure. When defeat overtakes a man, the easiest and most logical thing to do is to quit. That is exactly what the majority of men do. More than five hundred of the most successful men this country has ever known told the author their greatest success came just one step beyond the point at which defeat had overtaken them.” – Napoleon Hill (The best-selling author of Think and Grow Rich)
Doctor Breck Kasbaum
918-494-2698
No-Brainer – Schedule 1st Visit, Exam, Consultation and Treatment at No Cost or Obligation
Dr Breck – Startup Costs for a Chiropractor
- $50,000 in equipment
- $1,200 month lease for 3 years
Dr Breck’s previous limiting factors:
- Not Good a Self-Promotion
- Operating without a Team
- Over-Thinking Situations
NOTABLE QUOTABLE – “You can get stuck driving by looking in the rearview mirror.” Dr. Breck Kasbaum
AMPLE EXAMPLES
- Amazon – Took 9 years to make a profit
- Walt Disney – Lost it all twice
- Tesla – Took over 10 years to make a profit (2003 – 2013)
- Thomas Edison – 10,000 failed experiments before the first light bulb
- Henry Ford – Lost it all 5 times
- FedEx – 10 years to make a profit
- Facebook – Lost over $3 million during their first 3 years
- Doctor Breck Kasbaum – Was still struggling after 4 years and then reached out for help.
- Google – Founded by Larry Page and Sergey Brin originally under the name “Backrub” did not make a profit from 1996 to 1999.
- ESPN – Didn’t make profit from 1978 until 1985
- Dyson Vacuum – Took him 15 years and 5,127 attempts to create his first functional bagless cyclonic vacuum that entered into the actual marketplace.
- Ziploc – It took the inventors of the ziplock 17 years to crack the marketplace.
- President Abraham Lincoln –
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- Failed in business in 1833
- His girlfriend died in 1835
- He had a nervous breakdown in 1836
- Defeated for nomination in Congress in 1843
- Rejected for land officer in 1849
- Defeated for U.S. Senate 1854
- Defeated for nomination for Vice President – 1856
- Defeated for U.S. Senate – 1858
- Elected President of the United States – 1860
NOTABLE QUOTABLE – “On the sixth day they are to prepare what they bring in, and that is to be twice as much as they gather on the other days.” – Exodus 16:5
NOTABLE QUOTABLE – “Work like hell. I mean you just have to put in 80 to 100 hour weeks every week. [This] improves the odds of success. If other people are putting in 40 hour work weeks and you’re putting in 100 hour work weeks, then even if you’re doing the same thing you know that… you will achieve in 4 months what it takes them a year to achieve.” – Elon Musk (The man behind PayPal, Tesla, SpaceX, SolarCity, etc.)
FUN FACT – President Franklin D. Roosevelt characterized the Fair Labor Standards Act of 1938 (FLSA), as “the most far-reaching, far-sighted program for the benefit of workers ever adopted in this or any other country.” A law drafted by Senator Hugo Black of Alabama and signed into law in June 1938, the FLSA was designed to “put a ceiling over hours and a floor under wages” by establishing an eventual maximum 40 weekly work hours,
The 6th Day Principle
- Genesis 1:30 – And to every beast of the earth, and to every bird of the air, and to everything that creeps on the earth, everything that has the breath of life, I have given every green plant for food.” And it was so. 31 God saw everything that he had made, and indeed, it was very good. And there was evening and there was morning, the sixth day.
- Exodus 34:21 – Six days you shall labor, but on the seventh day you shall rest; even during the plowing season and harvest you must rest.
NOTABLE QUOTABLE – “40 hours to make a living and 40 hours to make a fortune.” – Michael Levine
NOTABLE QUOTABLE – “Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows over time.” – Proverbs 13:11
Audio Transcription
