Passive Income Expert: How To Make 10k Per Month In 90 Days!
by
Get the full episode insights!
Enter your email below to get notified about more insights from:
The Diary Of A CEO with Steven Bartlett
This episode is titled:
Passive Income Expert: How To Make 10k Per Month In 90 Days!
Notable Quotes
"Ignore passion, follow the profit until you can afford to follow your passion."
"The pain of your problem needs to be greater than how much you care about what people think about you."
"Entrepreneurship is a massive ocean with millions of varieties of fish, some sharks, some minnows."
"There are no solutions, only trade-offs."
Get episode summaries just like this for all your favourite podcasts in your inbox every day!
Get More InsightsEpisode Summary
Chris Kerner, renowned as the 'king of side hustles,' joins the podcast to discuss various entrepreneurial opportunities that require minimal investment and can potentially yield passive income. He highlights the increasing interest in side hustles as a solution to financial struggles, sharing his journey that began at the age of nine, selling golf balls to buy a bicycle.
Chris explains that many individuals have business ideas but often fail to act due to fear of judgment or lack of tools. He emphasizes the need to ignore passion for profit initially, advocating for starting simple, overlooked businesses that can generate income with little upfront cost. With various hypothetical amounts of investment—$500, $1,000, and $5,000—he outlines viable business ideas, including implementing AI solutions for small businesses and starting a wedding rental business.
A significant portion of the conversation revolves around the mindset necessary for entrepreneurship. Chris articulates that a person's pain from their problems should exceed their fear of what others think. He discusses the risks involved in partnerships versus solo ventures, reflecting on his experiences with numerous business partners. Chris encourages listeners to embrace failure, suggesting it’s a stepping stone to success, and to focus on real, tangible solutions rather than chasing fleeting trends. Overall, his insights provide a fresh perspective on entrepreneurship and the realities of navigating this journey.
Chris explains that many individuals have business ideas but often fail to act due to fear of judgment or lack of tools. He emphasizes the need to ignore passion for profit initially, advocating for starting simple, overlooked businesses that can generate income with little upfront cost. With various hypothetical amounts of investment—$500, $1,000, and $5,000—he outlines viable business ideas, including implementing AI solutions for small businesses and starting a wedding rental business.
A significant portion of the conversation revolves around the mindset necessary for entrepreneurship. Chris articulates that a person's pain from their problems should exceed their fear of what others think. He discusses the risks involved in partnerships versus solo ventures, reflecting on his experiences with numerous business partners. Chris encourages listeners to embrace failure, suggesting it’s a stepping stone to success, and to focus on real, tangible solutions rather than chasing fleeting trends. Overall, his insights provide a fresh perspective on entrepreneurship and the realities of navigating this journey.
Key Takeaways
- Embrace failure as part of the entrepreneurial journey and use it as a learning experience.
- Start businesses with minimal investment and focus on generating income rather than chasing passion initially.
- Identify and leverage your unfair advantages in the market.
- Don't underestimate the value of partnerships but be cautious of their dynamics.
- Validate business ideas quickly and understand the importance of customer feedback.
Found an issue with this summary?
Log in to Report Issue