What entrepreneur was crazy enough to spend $52,000 for 7 days’ worth of mentoring?
The answer is, I was, and I still am! In fact, I invest a lot of my money into education, getting consulting and having the right business mentors.
You’re probably thinking I’m overspending and I’m throwing my money away. But watch this video and I’ll explain why I choose to spend my money so freely on mentoring.
HOW I USED TO THINK
I admit that I didn’t always think this way. If you’d told me 7 years ago that I would be spending $52,000 for 7 days’ worth of mentoring, I would not have believed you. After all, most people don’t make that much money in a whole year.
In the early days of my business, I invested very little in mentoring and consulting. I thought I could go it alone and save the money.
But it was an expensive lesson. I may have saved money, but I still paid with my time. It was 9 whole months before I ever made a single sale. Although I figured things out in the end, I know I could have shortened that path by seeking out a mentor earlier on.
HOW I THINK NOW
These days, when I want to take my business to the next level, I find people who have already done what I want to do.
When I wanted to start a seminar business, I sought out a mentor who had built a seminar business and I paid him for his knowledge. When I wanted to start a resort business, I sought out mentors who had done that and I paid them.
Furthermore, I don’t look for the cheapest price. When it comes to buying groceries and everyday supplies, I tend to be frugal. I try to buy items when they’re on special and I shop around for the best price. But when it comes to consulting and mentoring, I spend my money freely. I don’t look for the cheapest price because I don’t want to risk getting inferior advice.
HOW TO ACCELERATE YOUR SUCCESS WITH A MENTOR
The first step is to choose the right mentor. Many of the world’s most famous entrepreneurs credit their success to having the right mentors. Mark Zuckerburg was mentored by Steve Jobs. Bill Gates was mentored by Warren Buffet, who himself was mentored by Benjamin Graham.
Make sure the mentor you’re considering is someone who’s done what you want to do. Otherwise, you’re wasting your money and your time.
Secondly, find out how to access their knowledge. Either pay them for their time, or buy their books. Finally, don’t try to hunt the cheapest price. You’re better off paying more for the right advice, than paying less for the wrong advice. You’ll get where you want to go much faster.
In the MOBE Titanium Mastermind, you’ll get access to some of the world’s best business mentors. Their expert knowledge can help you to scale your business through successive revenue ceilings. To learn more about the Titanium Mastermind, click HERE.