5 Habits of $10,000/Month Entrepreneurs

Introduction

The introduction introduces the story of a young man named Jeffrey who wants to become an entrepreneur. It also mentions Adonis, a successful entrepreneur who helps Jeffrey improve his character.

• Jeffrey wants to become an entrepreneur for the freedom it provides.

• Adonis is a successful entrepreneur who helps Jeffrey improve his character.

Importance of Character Traits

Adonis emphasizes the importance of character traits in determining one's success as an entrepreneur.

• Character traits are more important than quick tips and hacks.

• Your character determines your income.

Personal Story

The speaker shares a personal story about his own journey towards self-improvement and entrepreneurship.

• The speaker was once in a bad place, smoking weed every day and lacking direction.

• He started learning about entrepreneurship but struggled to find success.

• He initially resented others who were doing better than him.

• Eventually, he found success through YouTube and Skillshare courses.

Success Story

The speaker shares a personal success story that highlights the potential financial benefits of entrepreneurship.

• While on vacation in Portugal, the speaker received an email from Skillshare notifying him that he had been paid $6,000.

• This payment covered the cost of his entire trip several times over.

Making Progress in Business

In this section, the speaker talks about his progress in business and how he believes that character and mindset are more important than specific tactics.

Importance of Character and Mindset

• The speaker believes that character and mindset are the most important things when it comes to building a successful business.

• He shares a quote from Alex Becker, an entrepreneur whose videos he watched years ago, which emphasizes the importance of having the right mindset.

• The speaker states that for most people who haven't made progress in their business yet, it's not about finding the right tactic or business model. It's about having the right traits and mindsets.

Traits and Mindsets for Success

• The speaker emphasizes that having the right opportunity is crucial when choosing a business. He advises against going for the fastest way to make money without considering whether it's the right fit.

• He also mentions that many people have limiting beliefs that hold them back from success. These beliefs can include thinking they can't sell products at a certain price point or blaming external factors for their lack of progress.

Building Habits for Success

In this section, the speaker discusses how building good habits is essential for success in business.

Importance of Habits

• The speaker stresses that habits are crucial to achieving success in any area of life.

• He explains how habits work by creating neural pathways in our brains that make certain actions automatic.

Building Good Habits

• The speaker shares his own experience with building good habits, including waking up early and exercising regularly.

• He advises starting small when building new habits and gradually increasing the difficulty over time.

• The speaker also emphasizes the importance of consistency in building good habits.

Overcoming Procrastination

In this section, the speaker talks about how to overcome procrastination and get things done.

Understanding Procrastination

• The speaker explains that procrastination is often caused by fear or discomfort around a particular task.

• He also discusses how our brains are wired to prioritize short-term rewards over long-term goals, which can lead to procrastination.

Strategies for Overcoming Procrastination

• The speaker suggests breaking tasks down into smaller, more manageable pieces to make them less intimidating.

• He also recommends using a timer to work in short bursts of focused activity followed by breaks.

• Finally, he emphasizes the importance of taking action even when you don't feel like it, as this can help build momentum and motivation.

Working Hard on the Wrong Thing

In this section, the speaker talks about how people are working hard on things that will only yield a limited amount of success. He emphasizes the importance of having high ambitions and not settling for less.

Importance of Having High Ambitions

• People are working hard on things that will only yield a limited amount of success.

• The speaker emphasizes the importance of having high ambitions and not settling for less.

• People should have a demeaning attitude towards themselves if they are not achieving their greater ambitions.

• Anyone who tells you to slow down or take it easy is not your friend and is trying to get ahead of you in life.

Importance of Listening to Those Who Encourage You to Level Up

• The speaker encourages listeners to look out for men who encourage them to level up and expect more from themselves.

• The rewards of life compound to the winner, so it's important to listen to those who encourage you to work harder and achieve more.

• Anyone who tells you it's okay to slow down or take it easy is hoping that you're still stupid enough to fall behind them.

Importance of Avoiding Negative Influences

• Listeners should avoid negative influences who tell them that they don't need to work as hard or can settle for less.

• Those who encourage listeners to watch anime or play video games instead of working towards their goals are not their friends and will try to get ahead of them in life.

Conclusion

• The speaker emphasizes that those who push you to be better are your true friends, while those who encourage you to settle for less are not.

Comments and Competition

In this section, the speaker talks about how he avoids reading comments on his videos and warns viewers to be careful of negative comments. He also discusses the importance of competition and how winners will always give advice while losers will tell you to slow down.

Avoiding Negative Comments

• The speaker doesn't read comments on his videos to avoid being influenced by low-tier people.

• He warns viewers to be careful of negative comments, even on a self-improvement channel.

• Some commenters are maliciously trying to hurt you or hoping that more people slow down so they can take what was supposed to be yours.

Winners vs Losers

• Successful people don't comment, so the speaker doesn't want to be influenced by them.

• Winners will give advice on how to be better, even if they're competing with you.

• Losers who are far behind you will tell you to slow down because either they're insecure or hoping that more people slow down so they can take what was supposed to be yours.

Choose Your Path Wisely

In this section, the speaker talks about choosing your path wisely and not just focusing on the benefits of each option. He suggests thinking about the problems associated with each path and whether you would like solving them.

Choosing Your Path

• Don't just think about the benefits of each path; think about the problems associated with each one.

• Ask yourself if you would actually like solving those problems before making a decision.

• This approach makes it easier to choose between different paths.

Finding the Right Business Model

In this section, the speaker talks about how he chose his business model and encourages viewers to ask themselves what problems they want to solve in order to find the right business model for them.

Choosing a Business Model

• The speaker has a growth mindset and believes he can do anything if he puts in enough time and effort.

• He tried various business models but struggled to find the right one until he read "The Subtle Art of Not Giving a F*ck" and asked himself what problems he wanted to solve.

• He considered becoming a rapper but ultimately decided that YouTube was the right business model for him because it allowed him to solve technical problems related to video editing and manage comments effectively.

• The speaker encourages viewers to ask themselves what work they would do for free for 10 years in order to find their own ideal business model.

Writing a Guide on Starting a Business

• The speaker wrote a 30-page guide on starting your first business while still studying or working a job you hate. He followed his own guide exactly and found success, which is why he is where he is today.

Announcements and Accountability

In this section, the speaker talks about his product for entrepreneurs and a book he recommends. He then discusses the importance of accountability in achieving success as an entrepreneur.

Product and Book Recommendations

• The speaker has a product to help entrepreneurs, which he mentions briefly.

• He recommends a book that is available for purchase.

Importance of Accountability

• Accountability is the second trait of successful entrepreneurs.

• The speaker made his first habit tracker when he started becoming an entrepreneur in 2019/early 2020.

• There is fear and pain associated with holding oneself accountable.

• When high-level individuals experience failure, they hold themselves accountable and are introspective about it.

• Low-tier individuals tend to quickly hide their failures from their consciousness.

• Holding oneself accountable leads to growth because it forces one to be honest about missed goals or habits.

• Habit trackers can be used as a tool for accountability.

Holding Yourself Accountable

In this section, the speaker discusses how to hold oneself accountable by being truthful on habit trackers and asking introspective questions when goals are not met.

Being Truthful on Habit Trackers

• It's important to fill out habit trackers truthfully even if it means admitting failure.

• Seeing missed days on a habit tracker can motivate one to work harder towards achieving goals.

Asking Introspective Questions

• When you mess up on your goals or habits, open up your journal and ask yourself why you did that.

• This level of accountability will make it less likely for you to fail again in the future.

Overcoming Failure and Delusion

In this section, the speaker discusses how people often delude themselves after failing at a goal or habit. He provides tips on how to overcome this and hold oneself accountable.

Overcoming Delusion

• People often delude themselves after failing at a goal or habit by pretending they were never really committed in the first place.

• To overcome this, force yourself to fill out your habit tracker truthfully even if you mess up.

• Don't abandon your goals or habits just because you messed up once.

Holding Yourself Accountable

• Holding yourself accountable is painful but leads to growth.

• When you experience failure, be introspective about it and ask yourself why it happened.

• Use tools like habit trackers and journaling to hold yourself accountable.

Creating a Habit Tracker

In this section, the speaker discusses how to create a habit tracker and use it to establish clear habits and make small progressive improvements.

Tips for Using a Habit Tracker

• Click and download the habit tracker for free from the link provided in the video.

• Be honest with yourself when using the habit tracker. Don't check off boxes for habits you didn't do.

• Start with realistic goals. For example, if your goal is to track nofap or reading, start by checking off five days for the month and increase it by five each month.

• Hold yourself accountable but also have realistic beginnings.

Tips for Focusing Better

In this section, the speaker provides tips on how to improve focus.

Quick Tips for Improving Focus

• Follow quick tips to improve focus right here and now.

• Most people only actually do about one to two hours of work a day despite being in work or school for eight hours.

• To improve focus, try working in short bursts of time followed by breaks.

Tips for Staying Focused

In this section, the speaker shares tips on how to stay focused and avoid distractions.

Put Your Phone on Silent Mode

• Getting notifications or calls can interrupt your focus time.

• Put your phone on silent mode, do not disturb, and even airplane mode.

• Disable notifications for all apps except those you need for work.

• This is an easy way to improve your focus and productivity.

Take Breaks

• Taking breaks can help you recharge and refocus.

• Use the Pomodoro technique: work for 25 minutes, take a 5-minute break, then repeat.

• During breaks, do something that relaxes you or helps you recharge.

Prioritize Your Tasks

• Prioritize tasks based on their importance and urgency.

• Use tools like Eisenhower Matrix to prioritize tasks effectively.

• Focus on completing important tasks first before moving onto less important ones.

Minimize Distractions

• Identify potential distractions in your environment and minimize them.

• Use noise-cancelling headphones or earplugs if necessary.

• Avoid multitasking as it can reduce productivity.

Conclusion

The speaker provides practical tips to help listeners stay focused and productive. These include putting phones on silent mode, taking breaks, prioritizing tasks, minimizing distractions in the environment, and avoiding multitasking.

Tips for Improving Focus

In this section, the speaker provides tips on how to improve focus and productivity.

Phone as a Place of Focus

• Set your phone on silent mode and disable all notifications to avoid distractions.

• Use your phone only when you intend to use it. Avoid getting distracted by notifications that pop up unexpectedly.

• Train yourself to have better focus by committing to one task at a time without getting distracted.

Task List for Major Tasks

• Create a simple task list with major tasks that need to be completed.

• Start each task on the list and commit yourself to completing it before moving on to another task.

• This technique helps improve productivity and focus.

Benefits of Improved Focus

• Improved focus leads to more efficient work in less time, which means more time for relaxation afterward.

• Distractions can negatively impact success, so it's important to eliminate them as much as possible.

• These tips are meant for personal success and improved quality of life.

Actionable Steps and Prioritization

In this section, the speaker discusses the importance of actionable steps and prioritization in achieving success.

Importance of Actionable Steps

• The speaker emphasizes the importance of actionable steps to achieve success.

• He shares his own daily task list as an example of how he structures his day.

• He explains how he draws a line under completed tasks to keep track of his progress.

Prioritization for Success

• The speaker discusses how many people spend time on low-tier tasks instead of focusing on high-priority tasks that would move them closer to their goals.

• He gives an example of another YouTuber who did not prioritize effectively and ended up with significantly fewer subscribers than him.

• The speaker stresses the importance of prioritizing essential tasks and outsourcing or eliminating everything else.

Procrastination and Priority Tasks

• The speaker notes that procrastination often leads people to avoid priority tasks in favor of easier ones.

• For YouTubers, he advises focusing solely on recording videos and training to get better at it, as any other task is a waste of time.

• Collabs are not worth it unless they involve someone much bigger than you who can give you subscribers.

Overall, actionable steps and prioritization are crucial for achieving success. It's important to focus on priority tasks rather than low-tier ones, eliminate unnecessary work, and avoid procrastination. For YouTubers, the priority task is recording videos and training to get better at it.

Identify Your Priority Task

In this section, the speaker emphasizes the importance of identifying your priority task and committing yourself fully to mastering it. He explains that any benefit mindset will kill your success and encourages listeners to ask themselves what is the most important thing they could be doing.

Importance of Identifying Your Priority Task

• The speaker explains that identifying your priority task is crucial for success.

• Any benefit mindset will kill your success.

• You need to ask yourself what's the most important thing you could be doing 20 times a day.

Committing Yourself Fully to Mastering Your Priority Task

• Commit yourself fully to just mastering that task and only that task.

• Focus on the hard thing that you could probably only do for like two-three-four hours a day Max and then take a break.

• Don't waste time on tasks that aren't even important.

Learn from Successful Entrepreneurs

In this section, the speaker discusses how successful entrepreneurs prioritize their work tasks. He shares his experience staying with Iman and observing how he works.

Prioritizing Work Tasks

• Successful entrepreneurs don't waste their time doing tasks that other people can do.

• Successful entrepreneurs focus on being team leaders or being on camera while delegating micro-tasks to others.

Traits of Successful Entrepreneurs

In this section, the speaker discusses three traits of successful entrepreneurs who make 10K a month or more: discipline, learning how to do things better, and courage.

Discipline

• Successful entrepreneurs have discipline.

• They are able to stick to their goals and work hard towards achieving them.

• They are willing to put in the time and effort required to succeed.

Learning How to Do Things Better

• Successful entrepreneurs are always looking for ways to improve themselves and their businesses.

• They are open-minded and willing to learn from others.

• The speaker gives a tip on how to improve oneself: "lean just beyond your fear."

Courage

• Successful entrepreneurs have courage.

• Courage is not the absence of fear but rather the ability to overcome it.

• The speaker recommends reading chapters 4 and 8 of "The Way of the Superior Man" by David Deida for more information on courage.

• To optimize growth, one should lean just beyond their fear.

Overcoming Fear as an Entrepreneur

In this section, the speaker shares his personal experience with fear as an entrepreneur and how he overcame it.

Fear Stemming from Comments

• The speaker shares that he was once depressed and anxious due to his business not doing well.

• He made poor business decisions based on fear stemming from negative comments he received on YouTube.

• He was scared of making a product to sell because he feared negative comments.

Overcoming Fear

• The speaker realized that only a few people were leaving negative comments and that most people appreciated entrepreneurship.

• He borrowed money from his sister because he was afraid of making a product to sell.

• The speaker encourages viewers to speak their fears out loud, as it often makes them sound less intimidating.

Overcoming Fear to Achieve Business Success

In this section, the speaker talks about how he overcame his fear of being seen as a bad businessman and released a product that helped entrepreneurs. He shares how this decision led to significant business success.

Fear of Being Seen as a Bad Businessman

• The speaker had a belief that releasing a product to help entrepreneurs would make him seem like a bad person.

• Some people commented negatively on his product without even trying it, which kept him in a bubble and limited his business growth.

Overcoming Fear and Achieving Success

• Andrew Kirby encouraged the speaker to overcome his fear and pursue entrepreneurship with enthusiasm.

• With the help of Kirby and Victor, the speaker created an awesome product that he is proud of.

• The speaker's business success increased significantly after overcoming his fear, making over 100K per month consistently.

• The speaker believes that fear keeps people living mediocre lives and encourages others to overcome their fears.

Adonis School

• The Adonis School is an example of the awesome product that the speaker created with Kirby and Victor.

• It helps newbie entrepreneurs figure out which business model to use, become more productive, improve their sleep, and provides specific guidance for businesses like YouTube.

• The program has received positive feedback from customers who are happy with its content.

Overcoming Fear and Clickbait Titles

In this section, the speaker discusses the fear that may hold one back from creating success in business and recommends Tim Ferriss's fear-setting exercise. The speaker also talks about their preference for long unedited videos and clickbait titles.

Overcoming Fear

• Identify the fear that is holding you back from creating more success in your business.

• Use Tim Ferriss's fear-setting exercise to define what could go wrong, how to prevent it, and how to repair it.

Long Unedited Videos

• The speaker prefers making long unedited videos where they share valuable knowledge without interruptions or distractions.

• They explain that they make these videos because they wished someone at a higher level of success would do the same when they were starting out.

• The speaker acknowledges that shorter videos with simple titles get more views but believes that longer videos provide more value.

• They discuss their preference for simple titles but use clickbait titles because they perform better and give people what they want.

Clickbait Titles

• The speaker admits to having a fear of using clickbait titles but uses them anyway because they perform better.

• They explain that as an entrepreneur, it's not about what you want but what your target market wants.

• The speaker believes that even though their video titles may seem slightly immature, it makes sense since they are targeting a younger audience who would appreciate such titles.

Overcoming Fear in Entrepreneurship

In this section, the speaker discusses how to overcome fear in entrepreneurship and provides actionable steps to prevent and repair potential issues.

Defining Prevents Repair

• Define what you fear by writing it down at the top of the page. For example, "I fear making YouTube videos because I don't want my parents to watch them and hear me talk about sensitive topics."

• Define what could go wrong, such as parents finding the video and being upset or friends sharing it around school or work.

• Start defining how to prevent these issues, such as talking about tame topics like fitness instead of sensitive ones.

• If necessary, make a fresh Google/YouTube account so that no one can see your videos automatically.

• If someone does see your videos and doesn't like them, speak to them like an adult or apologize if needed. Worst case scenario is just private those videos and move on.

Discovering Your Purpose

• Pursuing entrepreneurship can help you discover your deepest purpose in life.

• Your purpose is the most important thing in your life because everything else must be aligned with it.

• Overcoming fear in entrepreneurship will make you more masculine and help you learn how to overcome fear in other areas of life.

• Courage and fear setting are essential for overcoming fear.

Final Thoughts

• The pursuit of entrepreneurship is a beautiful journey that can help young entrepreneurs discover their true potential.

• Mental health is also important but discovering your purpose should be the main focus.

• Overcoming fear can lead to significant progress in business and personal growth.

Entrepreneurship and Adonis School

In this section, the speaker talks about his experience with entrepreneurship and how he has dedicated a few years of his life to it. He also introduces Adonis School, an online community and platform that helps young entrepreneurs make money and become more effective.

Introduction to Entrepreneurship

• The speaker has dedicated a few years of his life to entrepreneurship.

• He sees the value in entrepreneurship and how popular it is among young people who would rather be entrepreneurs than employees.

Introduction to Adonis School

• Adonis School is a private online community and platform designed to help young entrepreneurs make money and become more effective.

• The sole purpose of Adonis School is to help young entrepreneurs start making money and become better at working.

• The platform offers various resources such as a sleep coach, purpose coach, affiliate marketing teacher, and live lessons on growing on YouTube.

Benefits of Joining Adonis School

• The sleep coach helps members improve their sleep quality which can lead to increased productivity, focus, better health, better decision-making skills.

• The purpose coach helps members find direction in life.

• The affiliate marketing teacher provides live calls and sets homework for those interested in affiliate marketing as a business model.

• Members can learn from the speaker's own experiences on growing on YouTube with over two million subscribers.

• Members have seen results such as making their first $1000 or $2500 from affiliate marketing or gaining hundreds of subscribers on their new YouTube channel.

How to Join Adonis School

• To join Adonis School, one can sign up for the free ebook offered by the speaker which signs them up for email marketing.

• After 24 hours of signing up for the ebook, they will receive an email mentioning Adonis School where they can find the link to join.

Conclusion

• The speaker encourages viewers who appreciate the help to share the video with friends and groups who are interested in becoming entrepreneurs.