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So if you've been stuck in analysis paralysis for too long, start with what you have! Lesson 13 – Outsourcing Repetitive Tasks Although I try to keep my team as lean as possible, I always outsource as many repetitive tasks as possible . why is that. Once the task becomes repetitive, it means that you are no longer learning . And when you stop studying, the task becomes a waste of your time . Obviously, your first choice should be to outsource repetitive tasks to machines by writing code . But outsource to another person if you must. Lesson 14 – Learn how to code Most of you are not trained programmers. However, if you run an online business, you should at least be able to read and modify minor parts of the website code.
I can't tell you how many entrepreneurs rely on their web developers every time they need the smallest tweak to their website . This sucks. Not only do you have to wait patiently for them to get the job done, but you'll soon be relying on them for every little thing . Developer costs can add up quickly, so why not spend some time learning how to code? The best Fax List form of leverage for any business is software. When you know how to code, you can command an army of machines that work tirelessly for you . Even if you don't like technology, it pays to understand how programming languages work . You don't have to be a coding expert, but fluency is usually enough. Think of it this way. It is likely that at some point in the future, machines will make human labor obsolete.
So would you rather be replaced by a robot or be the person designing the robot? Lesson 15 – Selecting businesses with high barriers to entry Most new entrepreneurs tend to lean towards business models that are easy to start and have little financial risk . This is the main reason why dropshipping is so popular. But doing something just because "it's easy" is definitely the wrong way to think about your business . If your business is easy to start, you will always face more competition . So instead of looking for "easy ways" to start a business, try to think about the hard-to-replicate aspects of your business . For our ecommerce store, we personalize our products because that 's a big pain point for a$$ .