🚀 That's why it sucks to do business

These things no one tells you about entrepreneurship

👆🏼 You can listen here 🎧

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🎞 New Mini Documentary: Is the New Year's resolution really stupid?!
⏰ It took this long to write: 9 hours 18 minutes

In today's society, being an entrepreneur has become a whole idea. 🌟

Everyone wants to be an entrepreneur...

They just don't know what exactly yet, but one thing is for sure... 🙏🏻

They want to be entrepreneurs, because that's where the "money" is, that's where no one will "fuck" them.

How do I know? 🤔

I was the same!

But I wish someone had told me these 6 tips before I started... 😔

🚀 How's the challenge going?

We are now in the chapter of making our systems stable so we can scale more easily. 🧱

These are not too spectacular, but all the more useful!

If we didn't do these now, we certainly wouldn't be able to move to the next level. After all, it would be a complete headache to expand the team. 🤯

Here's what we've progressed with:

🎨 The Design System is ready

Cokes has put together a mind-blowing system in Figma. Literally everything is in it, from the colors, to the rounding, to the line spacing, everything.

So, if the team expands and a new Designer comes along, all you have to do is share this Document with him and he can easily pick up the pace. 🤜🏼🤛🏼

Soon this will be implemented in the code, which means that the application will be minimally faster and perhaps the storage requirements will be reduced. 🔋

📟 Tests are at 80%

Now I'm talking about the Tests that need to be written into the code when programming. These are the ones that can filter out a lot of bugs in advance.

Edu is still coding when he is sick! 😷

So, if all goes well, soon there will be even less bugs in the App. 🪲

🎞️ The new Documentary: Is the New Year's resolution really stupid?!

Finally, the lid comes off and you'll see the surprising results of 30 hours of research. 🔍

We'll see if it's really a joke or if it can be done well.

Now we can start... 🏁

💭 Why entrepreneurship sucks?

I thought it was time to finally look at the other side of the coin! 🪙

Not just the glitz and glamour.

Now you can see in black and white my take on the dark side of entrepreneurship. 😈

The easiest way to do this is to list the benefits and translate what it really means that many people don't talk about.

Let's start...

1. Nobody fucks you = You are responsible for everything 🤕

Of course, it feels really good to be your own "boss". But it also comes with a huge responsibility.

Anything that happens in your company is your responsibility:

• No revenue - your responsibility

• If you don't have a good employee - it's your responsibility

• Customers are unhappy - your responsibility

📕 Book recommendation: this is exactly what Jocko Willink's book "Extreme Ownership" explains. This was the book that made me start thinking differently about responsibility. As a teenager, I was always avoiding it, but this book made me realize that the more responsibility you have, the more people will accept you and you will get used to it over time anyway. It's summarized in BookBase above! 🎧

It just all comes back to you and it's mentally taxing. 😪

You have 2 options:

1. 😔 You can admit you fucked up and try to fix it (few people do)

2. 👿 Shirk responsibility and blame someone else (a lot of people do this)

💡 Side note: A lot of entrepreneurs turn into bosses over time, which means they just direct and shift responsibility instead of leading their people. Don't be like that!

2. Make as much as I want = Make as much as your work is worth 💸

This is where people get slapped around the most. 👋🏼

Because the market decides how valuable you are and will price you based on that.

Whether you like it or not. ❌

This is where the Ferraris' dreams tend to fade fast, because the market makes you realize that you're not nearly as good as you think you are.

Sure, you can fake the market for hours (Daddy's friends and friends buy from you) but it's not sustainable and sooner or later the shroud will fall.

The sooner the better. 💪🏼

You're not lulling yourself into a false sense of security.

Honestly, it feels like shit when the market tells you that:

This BookBase is great, it's just not worth 4,000 HUF." ~ An OM follower in 2022

But you have two options here:

1. 🔥 Accept that the market is right and change (that's what we did, then came Edu + Kokesz)

2. 😒 You don't listen to people or you get offended (this is what most people do)

💡 Side note: There's an interesting paradox here, because on paper you don't have a boss, but in real life it's a bit like every customer is a bit of a boss to you, because they give you the money, so their opinion is important.

Let's keep scooting on, because it's a long way to go. 🛵

3. I have as much vacation as I want = No paid vacation 🏝️

Yes, that is true. But, if you don't work, you don't earn.

Unless you've gotten to the point where your systems + co-workers are producing for you. But that's nowhere near the first step. ❌

For the vast majority of entrepreneurs, if you don't work, you don't earn.

Which is only 1 problem.

If you fall ill or something unavoidable comes up, it can mean a huge loss. 🤒

💡 Side note: My friend Taki, who is a recruiter, is facing exactly this. If he catches an illness and stays in bed for a week, he could be making 200k less that month. And there's no one to take pity on him and fund that loss for him.

You're on your own here! 😨

The better case is when you have a business that you can work from anywhere, but this can easily come at the expense of whatever holiday you're on, you can't enjoy it because you're haunted by work. 👨🏽‍💻

I have 1-2 of them and it's no fun going on holiday with them!

Don't be like that! ❌

4. Flexible working hours = Perpetual temptation and lack of motivation ⏰

Believe me it's NOT GOOD to sit at home all the time, it's no coincidence that I'm writing this blog from the Lyceum Library. 📝

The fact that you can work at any time will leave you with a perpetual temptation to:

• 🎞️ Now, one more episode of my favorite show on Netflix AND I'm still working.

• 🍻 Ah, I'd rather go out with the boys tonight AND TILL AFTER I'm done

It's always “RIGHT AFTER", but that's not sustainable.

Flexible working hours attack from 2 sides and you don't even notice:

• 😪 Constant procrastination

• 🔥 You can't relax because you can work as long as you want

And this leads us to our last point...

5. I love what I do = Your personal life is out of balance ⚖️

I'll show you when this happened for me.

When my business first started going well, I wanted more and more of it. 😈

You know it's typical:

"Strike while the iron is hot."

Yes, but it quickly took a toll on my personal life:

• I met very few with my friends

• I cancelled dates

• I didn't go to family dinners

• And I could go on...

I thought I was doing well, but I was wrong. ❌

This led to my friends looking at me strangely because I hadn't seen them for weeks. 🤨

Not to mention, I broke up with my girlfriend at the time.

All because I wanted to achieve more, because "I love what I do".

Only this love can quickly turn into an addiction and that's a more serious problem! 😵‍💫

Now that I have sufficiently scared you, let's see how to do it right?

But before we go any further, a little insight... 👁️

---

This Blog is just growing organically now, so the only way to get more people reading my writings is if YOU send it to your friends.

So, I ask you, if you liked it and found it useful, send it to 3 of your friends and pocket the rewards!

Such rewards are waiting for you:

1️⃣ Invited - 🧭 Guidance Targeting E-book
3️⃣ Invited - 📙 Exclusive Workbook with Practical Tasks (with the most useful books I've read)
🔟 Invited - 🎥 Self Confidence Course with 11 videos (showing you specifically how to be more confident in business, meeting people and making friends)

Thank you! 🧡

---

🧐 How to do business well?

There is a saying that:

"A wise man learns from his mistakes; a wise man learns from others."

Be wise now and learn from my mistakes! 🧠

1. Love what you do ❤️

Choose something you love to do anyway and don't see it as work, so you can easily get through the sometimes 80-hour work weeks.

Just make sure it doesn't turn into an addiction, but the rest of the steps will help you with that! 😉

When I started my business, I started doing things that I thought would make me "easily" rich. However, at the first major trial, I felt it wasn't for me. This is not what I want to do. 😔

It was because I was driven by the money and not the action itself.

As soon as I created OM, I knew that this was what I loved to do and even in difficult situations, I started my day with gusto. 😎

When you're doing what you do from the heart, it's hard to compete.

2. Strive for progress 📈

You're not as good as you think.

And there's nothing wrong with that! ❌

The point is that you need to be prepared for the initial slaps that the market will give you.

Think of it like what can you learn from it? How can you improve yourself? 🧐

If you humbly listen and listen to the market, it will make you better! If you arrogantly reject it and act out of ego, it will trample you underfoot.

But I've brought one more thing...

Once you understand this shift in perspective, you will be unstoppable. Alex Hormozi taught me that:

"Work works on you more than you work on work."

Ergo, it's not what kind of business you build, but what kind of person you become while building that business. 🌟

That way, if the worst happens and you lose your business, your knowledge and experience will still be there. So whatever you do afterwards will be much easier than it was before. 💪🏼

3. Set rules for yourself 🧐

Since you are your own "boss" on paper, it's good to put this into practice in real life.

Set rules for yourself well in advance. Because that way there's much less chance of too much freedom and flexibility getting the better of you. 😈

Here are my rules:

• 📖 1 hour of reading a day

• ⏳ 4 hours a day of focused work (the key word is focused!)

📕 Book recommendations: I learned this from Cal Newport's book, Focused Work. He explains that there are 2 types of work "shallow and deep". Deep work is focused work where nothing distracts you, it's just you and your task, nothing else. An average person's 8 hours of work can be easily outdone by 2 hours of "deep work". I think it's in the top 3 best productivity books. You can find it in the App! 🎧

And I only Netflix or have fun with friends if I've managed to do it first.

If I haven't, this is my punishment! ❌

If I did, it's my reward! ✅

💡 Side note: You can't expect to succeed every day. If you can keep it up 80% of the days, that's a good indicator!

It's important to note, you don't need 1,000 separate rules, just 1-2 is enough, but they should support you in reaching your goal.

Remember in my last letter about "Supporting Habits"? Now this is exactly the same! That's when you see how everything is connected to everything else. 😉

If you don't want to think about it too much, you can take mine, just adjust the time frames to make it more suited to your life.

4. Have a safety margin 🔒

After all, if you're not working, you're not earning.

There's a Biblical saying that has a strong connection to this:

"He who does not work, let him not eat."

To avoid this, we need a safety margin. 💰

So, a logical decision would be to spend the money you earn in the first month not on a fake Rolex and champagne at the club, but to put it aside.

That way, if anything happens to you, you can comfortably get through that period. 💪🏼

5. Strive for balance ⚖️

It's true that I said that if I fail to stick to 4 hours of focused work, I won't watch Netflix, but that doesn't mean I won't otherwise unplug.

• Kinga and I are going out

• I play chess on chess.com

• I read

• Talking to my grandma

• Watching a Real Madrid match

• etc.

There are a thousand ways to relax and it's important that it means something different to everyone. 🔍

I get off by watching a Real Madrid game, you get off by hiking, we are not the same and that's the beauty of it! ⚽️

Don't let work consume you completely!

If you take some good advice:

"You have to unplug when you're really going and when you're not at all. Many times, a few hours off can give you a completely different perspective, maybe just the thing that will solve your problem."

💡 Side note: I've had more than once that after 1 or 1 downtime, a big idea came to me that I hadn't thought of before and it solved the obstacle I was facing.

6. Give yourself time ⏳

"People tend to overestimate what they can achieve in 1 year, but underestimate what they could achieve in 10 years."

You don't want to drive a Maserati in 1 month - like I used to do... - good things take time.

• The OM, lasted almost nowhere in its 1st year.

• Coca-Cola sold 9 bottles a day in its 1st year.

And anyway, it's a "game" that can't be won. ❌

You win if you "stay alive"! 💪🏼

This guide may not put Lamborghini under you in 1 year, but it will go a long way to ensuring that you can still be working towards your dreams 10 years from now and not being bossed around by others. 😉

✅ What exactly do you do?

[ ] First, choose a business that you genuinely love to do. ❤️

💡 Side note: Ask yourself this question: If money didn't matter, would I still be doing this?

[ ] Step two, build your ego and focus on growth. The market will help you if you listen to it. 👁️

📕 Book recommendation: Read Ryan Holiday's book "Ego is the Enemy". It'll put you right on the fast track. It's no coincidence that Laci Király’s favorite book is. 💪🏼

[ ] Step three, set rules for yourself, you are your own "boss" so it's good to know what the rules are. You cannot fire yourself, but if you do badly, the market will "fire" your business. 🧐

[ ] Step four, aggressively set aside some of your first months' revenue. Live on a much lower standard of living than you can afford and save for the hard times. You may not understand it yet, but you will thank me later. 💰

[ ] Step five, to achieve excellence in the long term, you need to maintain a good work-life balance. Remember this is not a sprint, it's a marathon. ⚖️

[ ] Step six, see things realistically. You won't have a Lamborghini in your first month, but that doesn't mean you can't have one in your 5th, 7th or even your 10th. Persistence and hard work will pay off sooner or later! 🔥

Now that you've seen both sides of the coin, you'll be able to make a decision much easier.

Even so, I still say it's well worth the effort. 💪🏼

But it's important to remember that it's not for everyone!

The decision - as always - is in your hands!

🔥 Biggest obstacle

Many of you have written that you want more YouTube videos because you like the new Docu style. Which I totally understand, because it's much cooler, in my opinion. 🎞️

However, not sure more is the answer.

Think about it, the fact that there are so few of them adds to the value of these, so you're almost guaranteed to watch them. If it was every week, it would sink to completely average. 😒

Not incidentally, there would definitely be a drop in quality, as it's impossible to make 2x as many videos in the same quality, in the same amount of time. ❌

However, that doesn't mean we're not thinking of an alternative solution!

A couple of possible solutions have come up to speed up the process and bridge the gap between the two videos. ⬇️

👷🏼‍♂️ Fix It Friday

📖 What have I just read?

• I continued Reality Transurfing by Vadim Zeland. It's quite a long book, 760 pages, but I'm about 60% through. 💪🏼

  • If I had to explain to a 5-year-old what Transurfing is, this is what I would say:

  • This book is like a magical guide to life. Imagine life as a giant playground with lots of slides. You get to choose which slide you slide down and decide your adventure. There are more fun slides and more boring slides.

  • The book says you can make your trip fun by believing in yourself and choosing the most adventurous slides.

📕 Book recommendations: For me, this is my favorite book on spirituality so far. It was the first book I didn't say woo-woo to because the author explains everything clearly with quantum physics. Of course, it's also up on BookBase if you don't want to read 760 pages! 😉

🎧 What have I just listened to?

• Steve Tan - Building Multi Million $ Communities. 👥

  It's no secret that this year we'll be putting a lot of effort into the BookBase community, both online and offline events. That's why this podcast, forwarded to me by Coke, is brutally useful. 🙏🏻

💡 Side note: Steve has a very similar backstory to mine. He gambled a lot and he wanted to be the best, and then he channeled that desire into business and made huge winnings.

✍🏼 Top quote

"Tough times never last, tough people do." ~ Robert H Schuller