Podcast Summary
Starting a Music Studio: Determination and Planning: Determination and long-term commitment are crucial for starting a business, especially one with significant upfront costs. Seek inspiration from personal passions and goals, and consider starting small and expanding through franchising.
Starting a business, especially one with significant upfront costs like creating a music studio, requires a long-term commitment and careful planning. The speaker in this conversation expresses his desire to create a space similar to a gym, where people can connect and create music. He acknowledges the financial challenge of starting such a business, but is determined to do so, even if it means starting small and eventually expanding through franchising. The speaker also shares his personal motivation for wanting to create this business, which stems from his passion for music and his desire to be impactful. He mentions his Christian background as a significant influence on his goals. The speaker seeks advice on where to start his business, considering locations like Queens or Brooklyn that may be more affordable than Manhattan. Throughout the conversation, the speaker and the listener share a common understanding and appreciation for each other's ambitions and goals. The speaker expresses his admiration for the listener's approach to business and life, and the listener offers advice and encouragement. Overall, the conversation highlights the importance of determination, planning, and personal motivation in starting and growing a successful business.
Learn from successful individuals in your industry: Gain valuable knowledge and experience by learning from successful individuals in your industry, especially in the franchise business where failure rates are high. Working for an experienced franchisee can provide invaluable insights.
Learning from successful individuals in your industry can provide valuable insights and knowledge that can help you in your entrepreneurial journey. Gary Vaynerchuk suggests that if someone is interested in the franchise business, they should consider working for an experienced franchisee to learn the ropes. He emphasizes that the franchise business is challenging and that failure rates are high, and that having the opportunity to learn from someone who has already built a successful franchise can be invaluable. Vaynerchuk also acknowledges that everyone has unique strengths and perspectives, and that there may be other ways to achieve your goals beyond what he is suggesting. Ultimately, the key takeaway is that learning from those who have already succeeded in your desired field can provide valuable knowledge and experience that can help set you up for success.
Learning from experiences and opportunities: Consider working for a franchise as a valuable learning experience for future business success. Be open to new opportunities and adaptable to change.
Building a successful business requires learning from experiences and opportunities, even if they don't initially seem ideal. The speaker acknowledges that the listener may not have the necessary knowledge to build a location-based business but emphasizes the value of their unique craft and the potential for growth through working for an established business. The speaker also recognizes the importance of being open to new experiences and opportunities, even if they don't align perfectly with one's preferences or initial impressions. The speaker encourages the listener to consider working for a franchise business as a valuable learning experience and potential stepping stone towards future success. Ultimately, the speaker emphasizes the importance of being adaptable and open to new opportunities in order to build a successful career.
Learning from experts and industry events: Expanding knowledge and skills through mentors and industry events leads to long-term career growth, despite short-term costs.
Having a mentor or learning from experienced individuals can significantly expand your knowledge and skills, even if it may not seem immediately beneficial. It's easy to focus on short-term gains, but the long-term value of learning from experts cannot be overstated. During this process, you may not even realize the extent of your growth, as it becomes apparent when you apply your newfound knowledge in the real world. Furthermore, attending industry events and engaging with thought leaders can provide valuable insights and opportunities. VaynerMedia's consulting product, the Daily Digital Deep Dive (DDD), is a testament to this impact. By immersing yourself in these learning environments, you'll gain knowledge on various topics, such as market trends, branding, and social media strategies, that will help you excel in your career. So, even if you may not see the immediate benefits of investing your time and resources in learning from mentors or attending industry events, trust that the long-term value will far outweigh the short-term costs.
Learn from Vaynermedia's experts in NYC or London: Attend Vaynermedia's Four D's consulting strategy day for immersive learning and potential revenue growth, currently priced at $10,000
Vaynermedia's Four D's consulting strategy day is a valuable investment for small and medium-sized businesses. Gary Vaynerchuk, the CEO of Vaynermedia, is confident in the product's ability to help businesses grow and expand. The immersive experience includes learning from Vaynermedia's creative, media, and consulting strategy teams. The results have been impressive, with some businesses reporting significant revenue growth after attending. The Four D's, also known as the daily digital deep dive, is available in New York City and London. Business owners can check the Vaynermedia or Gary Vaynerchuk websites for dates and sign up for the event. While the price is currently $10,000, Gary is considering raising it due to the program's success. Attending the Four D's could be a game-changer for your business.
