Entrepreneurship

12 Things Learned In My First 5 Years Of Business

entrepreneurship personal development personal growth Dec 05, 2020

As of today, I’ll be closing the doors on my first business, my gym.

You can read my reasons.

To say it’s been a difficult week would be an understanding.

It’s come with a lot of emotions and reflection.

Which is why I want to take this opportunity now and share with you, 12 things I’ve learned over the past five years in life and business.

To be fair, it could a thousand but these were the first twelve that came to mind — so I see these as the most important.

I’m merely a beginner and have much to learn but these 12 things have been life changing for me. โ €

โ €

๐Ÿญ. ๐——๐—ผ๐—ป’๐˜ ๐—ฏ๐—ฒ ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐—น๐˜†๐˜€๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฑ๐—ฟ๐—ฒ๐—ฎ๐—บ๐˜€. ๐—œ๐—ณ ๐˜€๐—ผ๐—บ๐—ฒ๐˜๐—ต๐—ถ๐—ป๐—ด ๐—ด๐—ฒ๐˜๐˜€ ๐˜†๐—ผ๐˜‚ ๐—ฒ๐˜…๐—ฐ๐—ถ๐˜๐—ฒ๐—ฑ, ๐—ด๐—ผ ๐—ณ๐—ผ๐—ฟ ๐—ถ๐˜.

All I wanted to create a place where people could feel comfortable and confident. A place where people could really change their lives.

Originally that was as advanced as my business plan was — but I was excited about the prospect.

“LIFT changed my life”

“LIFT has been my saviour”

“It’s the only gym I’ve ever felt welcome”

“You get that almost family-like, comfortable vibe without snotty looks”

“You’ve put a lot of hard work, thought and effort into making a good environment for people like me”

Many measure success by what car is on the drive or how many bedrooms a house has.

I measure success by achieving my internal desire — to help people live a better life.

When you’re sat in front of someone and they explain, with tears in their eyes, how you’ve helped change their life.

This to me is success.

Look for something deeper than money, fame or materials…

… find something that fires you up inside — something to get excited about.

โ €

๐Ÿฎ. ๐—ฌ๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป’๐˜ ๐—ฑ๐—ผ ๐—ถ๐˜ ๐—ฎ๐—น๐—ผ๐—ป๐—ฒ!

Whether it’s a partner, coach or mentor. Don’t do it alone.

You need someone with more experience supporting you with decisions.

You’ll spent a lot of time in your own head and it gets very messy up there at times.

Ease the burden and discuss your ideas with someone who shares your vision.

I spent my first few years like a stubborn mule. Thinking I could do it alone.

I made many mistakes which cost me a lot of money, but more importantly it cost me good relationships.

โ €

๐Ÿฏ. ๐—Ÿ๐—ถ๐—ป๐—ธ ๐˜‚๐—ฝ ๐˜„๐—ถ๐˜๐—ต ๐—ด๐—ฟ๐—ผ๐˜‚๐—ฝ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฝ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒ ๐˜„๐—ถ๐˜๐—ต ๐˜€๐—ถ๐—บ๐—น๐—ถ๐—ฎ๐—ฟ ๐—ฑ๐—ฟ๐—ฒ๐—ฎ๐—บ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฎ๐—บ๐—ฏ๐—ถ๐˜๐—ถ๐—ผ๐—ป๐˜€.

Supportive networks are essential.

Whether it’s online or offline, spend time with people of similar mindset.

It will inspire you to do more.

Give you confidence to be more.

It will help you understand everyone has their own shit to deal with and that it’s normal.

โ €

๐Ÿฐ. ๐—”๐—ป ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜ ๐—ถ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ๐˜€๐—ฒ๐—น๐—ณ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—ฏ๐—ฒ๐˜€๐˜ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜ ๐˜†๐—ผ๐˜‚’๐—น๐—น ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ ๐—บ๐—ฎ๐—ธ๐—ฒ.

Whether it’s time or money, any investment into your own development will bring more return than any capital ever will.

After all, you are the pivotal point in whatever you do in life.

It makes sense then to invest in your biggest asset — which is you.

Hire a coach

Attend seminars

Read books

Listen to podcasts

Never stop investing in yourself!โ €

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๐Ÿฑ. ๐—•๐—ฒ ๐˜€๐—ฒ๐—น๐—ณ๐—ถ๐˜€๐—ต — ๐—•๐—ฒ ๐—ต๐—ฒ๐—ฎ๐—น๐˜๐—ต๐˜†

We start businesses and we neglect our own health.

We have kids, and again, we neglect our own health.

It’s all too common.

Yet both our businesses and our kids depend on us.

What happens then, when our health deteriorates because of neglect?

Our businesses and our kids suffer the consequences.

It makes sense then to be selfish — take time out and prioritise physical and mental health.

If you’re at optimal health, you’ll perform at an optimal level.โ €

โ €

๐Ÿฒ. ๐——๐—ผ๐—ป’๐˜ ๐—ฏ๐—ฒ ๐—ฎ๐—ณ๐—ฟ๐—ฎ๐—ถ๐—ฑ ๐˜๐—ผ ๐—ฎ๐˜€๐—ธ ๐—ณ๐—ผ๐—ฟ ๐—ต๐—ฒ๐—น๐—ฝ.

For the first few years at least, my ego got in the way of progress — I was afraid to ask for help.

Thought it made me look weak and incompetent.

When actually, it’s smart and demonstrates strength and leadership.

What I come to realise was, a true leader accepts their weakness and seeks help from others, more suitable and stronger in such areas.

Or sometimes it’s just asking for a helping hand to ease the burden.โ €

โ €

๐Ÿณ. ๐—Ÿ๐—ถ๐˜€๐˜๐—ฒ๐—ป ๐˜๐—ผ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ด๐˜‚๐˜.

When I’ve gone against my gut feeling, nine times out of ten it ended badly.

You can’t predict the future, but your natural instincts aka gut feeling, just knows.

It’s one of the only things you can really rely on.

If something doesn’t feel right, regardless of how impressive it may first appear, trust your gut. โ €

โ €

๐Ÿด. E๐—บ๐—ฏ๐—ฟ๐—ฎ๐—ฐ๐—ฒ ๐—ณ๐—ฎ๐—ถ๐—น๐˜‚๐—ฟ๐—ฒ. ๐—œ๐˜’๐˜€ ๐—น๐—ถ๐—ณ๐—ฒ๐˜€’ ๐—น๐—ฒ๐˜€๐˜€๐—ผ๐—ป.

Failure isn’t only inevitable, it’s essential.

It’s whether you learn from failure or allow it to pull you down, which is the difference.

Watching my kids grow up has been my biggest realisation of this, especially Kobi (my youngest)

Time and time again, since the day he could stand, he’d fall over — still does.

Yet, time and time again he just laughs, gets up and goes again.

At times I’ll watch and be overcome with inspiration at his ‘couldn’t careless attitude’

Kids have a resilience that us adults lose over time.

We worry too much about what other people think and become paralysed by the fear of failure.

The fear of looking foolish in front of others.

Yet failures develop character and strengthens resilience. โ €

โ €

๐Ÿต. ๐——๐—ผ๐—ป’๐˜ ๐—น๐—ฒ๐˜ ๐—ผ๐˜๐—ต๐—ฒ๐—ฟ ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—น๐—ฒ๐˜€ ๐—ผ๐—ฝ๐—ถ๐—ป๐—ผ๐—ป๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐˜€๐˜๐—ฎ๐—ป๐—ฑ ๐—ถ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐˜„๐—ฎ๐˜†.

From day one of opening I’ve had comments, opinions of which in the early days affected my judgment and decision making — much to my detriment.

Since closing LIFT I’ve had the following comments;

“Ah mate, I’m sorry shit hit the fan”

“Will you just get a proper job now?”

“Made your millions and now you’re selling up?”

People will always make assumptions based on what they see at surface level.

Difference is, only you know what’s inside your heart.

Don’t allow other people’s opinions or comments dictate your thoughts…

… and certainly not your actions.

Regardless of how crazy or impossible things look to others, this should only give you more reason to do the thing you love.

You create your own happiness.

Don’t allow other people’s opinions drain your energy.โ €

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๐Ÿญ๐Ÿฌ. ๐—Ÿ๐—ถ๐—ณ๐—ฒ ๐—ถ๐˜€ ๐—ฎ ๐—ฐ๐—ผ๐—ป๐˜€๐˜๐—ฎ๐—ป๐˜ ๐—น๐—ฒ๐˜€๐˜€๐—ผ๐—ป. ๐——๐—ผ๐—ป’๐˜ ๐—บ๐—ถ๐˜€๐˜€ ๐˜๐—ต๐—ฒ ๐—ผ๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐—ถ๐—ฒ๐˜€ ๐˜๐—ผ ๐—น๐—ฒ๐—ฎ๐—ฟ๐—ป ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐˜€๐—ถ๐—ป๐—ด๐—น๐—ฒ ๐—ฑ๐—ฎ๐˜†.

12 years ago, I sold my house and quit my job to pursue a degree.

My reason was simple;

After missing most of my education through school, for various reasons, I wanted to be smarter and create myself better opportunities in life.

I succeeded.

I started my business six years later without an ounce of business knowledge.

Which is why point 2 is really important.

But…

Six years later I’m choosing to close this business and move on to the next stage in my life.

The way I see it, I’ve just succeeded at completing another degree, only this time in business.

Granted, it was a lot more painful and certainly harder work the Uni

Only now I have more skills than I could ever have imagined 12 years ago.

Skills that I have now for life.

Skills that will only improve and allow me to provide a better quality of life for my family.

For me, it’s not about having a Lamborghini or ten-bedroom home with an indoor swimming pool, not yet anyway (lol)

It’s about making a difference in the world and passing on what I learn. Helping others.

โ €

๐Ÿญ๐Ÿญ. ๐—Ÿ๐—ถ๐—ณ๐—ฒ ๐—ถ๐˜€๐—ป’๐˜ ๐—ฎ ๐—ฟ๐—ฎ๐—ฐ๐—ฒ. E๐—ป๐—ท๐—ผ๐˜† ๐˜๐—ต๐—ฒ ๐—ท๐—ผ๐˜‚๐—ฟ๐—ป๐—ฒ๐˜†.

At the beginning I wanted it all. The business and the lifestyle.

Problem is, I became so fixated on the outcome I was missing the most important part.

The development.

The journey.

The experiences.

Since I’ve started to slow down, I’ve come to realise something;

I have more now than I could ever imagine…

An awesome wife and fantastic kids.โ €

A loving family who will do anything to help us out.โ €

A lifestyle where we get to enjoy each other’s company.โ €

A business where I get to do the thing I love… EVERY. SINGLE. DAY.

Is it perfect?

No, of course not.

But this is the beauty of enjoying the journey.

It allows me to step back and appreciate what I have already.

And then make plans to improve the future.

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๐Ÿญ๐Ÿฎ. ๐—ง๐—ผ ๐—ด๐—ฒ๐˜ ๐— ore ๐—ผ๐˜‚๐˜ ๐—ผ๐—ณ ๐—น๐—ถ๐—ณ๐—ฒ, ๐˜†๐—ผ๐˜‚ ๐—ด๐—ผ๐˜ ๐˜๐—ผ ๐—ช๐—”๐—ก๐—ง ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ผ๐˜‚๐˜ ๐—ผ๐—ณ ๐—น๐—ถ๐—ณ๐—ฒ.

Is what you’re doing now, giving you everything you want in life?

If it’s not, change it!

But it’s only possible for you to make the change.

There’s a kid’s book, my favourite to date, and it’s called The Lion Inside.

I won’t spoil the story but it’s about courage.

There’s a part of the story where it says;

“If you want things change, you first have to change you” โ €

โ €โ €

I know, it’s a kids book. โ €

But these books can hold inspiring messages.

I first read it to Arlo (my oldest) 2–3 years ago.

Around the same time, I started working on my own personal development.

And it’s resonated with me ever since.

It’s not an overnight transformation, but small steps over time lead to big long-term changes.

The point is, you’ve got to WANT to change.

You can’t just hope for change.

And with that, I take on everything I’ve learned and see where the next 5 years brings me.

I’ll probably even read this post back and think;

“Dude, you knew nothing back then”

 

Thanks for reading.

Your Coach

Keir 

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