Entrepreneurship is like a road. The decisions you make along the way can greatly affect the next step in your journey and it also appears like everyone goes through the said journey a little differently. Some move fast in order to grasp their ideal success while others have found considerable success in moving slow and steady.

Whether you are in the stage of building, or, in the midst of sustaining and/or growing a business, it is very relevant to understand the evolving phases of entrepreneurship. Knowing your current role in your business can help you stay ahead of the game as you will realize your business aims, priorities and strategies depending on what phase you are in or about to transition to.

In today’s episode, we discuss the distinction of the three phases of entrepreneurship to help you be enlightened on what phase are you really in. Furthermore, we talk about what mindset should you be equipped with in order to get into the next level.

“Always be thinking like a CEO and have that mindset even if it’s just you. If you are starting your business, be thinking like a CEO and what I mean by that is be objective about how you are using your time and what you are doing. Don’t just create a giant to-do-list and knock things off and start with that easiest thing. Think about where you want to go, figure out the steps you need to take to get there and then focus on those things and those things alone. Always be evaluating, how you are spending your time and what you are spending your time on and figuring out what is the dollar value of that, like how much are you earning from that task. Eliminate the ones that aren’t moving you forward and go all in on the ones that do move you forward. I think if you can have that mindset, that CEO mindset as a self employed person, that’s going to either help you get to the next level and hire those first team members, or, it’s going to help you have success earlier that you can build that work life laptop on the beach lifestyle if that’s what you want.” – Mike Yanda

Welcome to the Laptop Empires podcast hosted by Bobby Hoyt (Millennial Money Man) and Mike Yanda (Red Dirt Marketing Co).

In this twice weekly podcast the former Band Director(Bobby) and Attorney(Mike) share cutting-edge strategies for growing an online businesses. The duo pull on their experiences building blogs, online communities, and courses to grow businesses for themselves and other business owners.

Every episode is packed with content and actionable strategies presented in a laid back, conversational manner. No topic is too big or small for this no-filter show about making money online and having fun doing it.

Whether you’re a full-time entrepreneur, side hustler, or you’re thinking about joining this crazy online business world, you’ll want to join the Laptop Empires crew each Monday and Thursday and learn how to create an online business that lasts.

In this episode, here is what you’ll discover:

• What are the differences of the 3 phases?
• Do you have to go through all the phases?
• How to determine when to hire new people?
• Why putting your ego on the side can help you grow your business?
• Identifying the distinction between Manager and CEO role
• The significance of being comfortable with giving up things that you are good at to scale your business
• Can you choose a specific phase on how you want your business to be?
• The importance of tracking your number and how it affects you in decision-making
• Why you need to be more strategic as your business grows?
• Do you need to still wear all the hats at different times?
• The value of figuring what things to let go
• How acquiring outside opinion can truly affect the growth of your business?

Items Mentioned In The Show:

• The Millennial Money Man Website
• The Millennial Money Man Community
• Red Dirt Marketing Co.
• Work Less, Make More: The Counter-Intuitive Approach to Building a Profitable Business, and a Life You Actually Love Book by James Schramko

Contact Bobby & Mike:

• Connect with Bobby Hoyt on Facebook
• Connect with Mike Yanda on Facebook

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Thanks for tuning in to this episode of the Laptop Empires Podcast! If the information shared in these weekly conversations and interviews have helped you in your business journey, please head over to iTunes, subscribe to the show, and leave us an honest review.

Your reviews and feedback will not only help us continue to deliver great, helpful content, but it will also help us reach even more amazing entrepreneurs just like you!