5 • 683 Ratings
🗓️ 17 March 2025
⏱️ 13 minutes
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0:00.0 | What is up my Action Academy family? Bad news. I am not perfect. Sorry, guys. Sorry to disappoint. |
0:10.3 | But I spent, or rather, not spent, lit on fire 118,000 U.S. dollars trying to solve a problem in my business in the complete wrong way. |
0:25.8 | And since spending $118,000, I have realized a significantly better way to solve said problem |
0:33.6 | and every other problem that exists in business and in your life in general, which is the topic |
0:40.7 | of today's podcast episode. Again, this show is off of the direct feedback from you guys, |
0:46.3 | the listeners that are asking for not only all the wins, but lessons from the pain and the losses. |
0:53.3 | So here we go. I will be your humble guide and servant |
0:58.9 | here. So how I will begin is telling you guys a story of a problem that I was encountering today, |
1:06.0 | Q1 of 2025, how I attempted to solve said problem, how I lost the $118,000, and then the core |
1:14.7 | lesson that you guys could take away from this and how we are changing our approach to problem |
1:18.9 | solving in our business moving forward. Again, this is a lesson that you guys can implement |
1:24.0 | and utilize if you're at $0,000, $100,000, a million dollars, $10 million a year |
1:30.3 | plus. It is universal. So to begin, in all of business, whether you are running an Action |
1:36.6 | Academy like me, any type of business that you're providing any type of service to a customer |
1:41.0 | or an investing company where you're buying multifamily storage, |
1:44.8 | other small businesses, or even land, there are two different constraints that you will |
1:49.2 | balance between in the realm of business. You're either going to have a sales and marketing |
1:54.3 | constraint or you're going to have an admin ops fulfillment constraint. And as you solve one side, the pendulum will eventually swing to the |
2:02.8 | other, and you will continue going back and forth for the remainder of your life. Welcome to business. |
2:08.5 | Fun, right? We scream into the abyss as we try to make money. To give new listeners some background |
2:14.1 | context, I was working a corporate sales job, quit. Now I run a few companies. |
2:19.1 | This company that I'm talking about here is Action Academy, which is our mastermind. We do about |
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