Many of us dream of starting a business and making a kill in the first few months or years. This fact was a reality for Leo Olsen, who started a business, and in nine months, he was a millionaire. At just 19 years old, Leo Olsen had achieved the unbelievable, what most of us only dream of making. He built his brand Mastermind.com from the ground up and later sold it to Clickfunnels.
Leo currently does social media consulting for companies, helping them to scale up faster. He is an inspiration to many of us. Read through for some key takeaways from his successful career path.
- Age Is Not A Factor
Many people confuse the young age for naivety. When Leo started his social media agency, he was just a teen. He had started his career in social media at only 17 years of age. He was focused and gained tons of knowledge in the industry, which helped him build his first company.
When you are starting your venture, it does not matter how old you are. The key is being able to immerse yourself deeply into what you are doing so that you can understand the ins and outs of your business. When you build the proper knowledge of your industry, you will be able to navigate your way up in no time.
- Focus On What Works
There is no doubt that social media is influencing the way we do business and impacting our revenues. When Leo Olsen discovered the power of social media, he used it as an opportunity and built his career. He currently trains others on how they can leverage social media to build their brands and generate revenue for their businesses. Of course, there are many aspects of business besides marketing strategies. Whether it is designing your products/ services, or looking for ways to improve your supply chains, then the lesson here is that you should focus on what is working and build on it.
Concentrating on what works will not only make you more efficient, but it will also see that you get your desired results faster. And, this is what every entrepreneur needs to succeed.
- Determination Is Key
Starting a business is not easy. Studies show that most businesses fail within the first year of operations. What sets successful companies from failure is the ability to overcome challenges and keep the focus on their goals. They have to be determined to achieve the results that they want. When Leo Olsen started his business, he could have been distracted by many things. To him, this was not the case. He was determined to do great things, to change the way social media is used, to build his brand, and grow his business. Now he is using his knowledge in social media to help other enterprises to develop their businesses. Most importantly, to keep their focus on the results, and put in what it takes to emerge victorious at the end of the day.
- Plan, Learn, And Implement
Success in life or business requires meticulous planning, continuous learning, and implementation of ideas. If you have no plan, then you will not know where you are going, and therefore, you will get lost along the way.
Secondly, with so much information now available for businesses, the best thing that you can do for your business is to get as knowledgeable as possible about your industry so that you can identify opportunities and seize them. Learning never stops, and this should be the policy not only in life but also in businesses.
Guillot argues that most people put their effort to learn, but they fail to implement what they learn. Most companies struggle to change, and often, changing can make the difference between success and failure in this ever-changing world.
- Ask For Expert Guidance
When you start your business, it does not mean that you know every aspect of the business. Successful companies can identify which areas they are good at and where they need help to make the most difference. You can have a good team in each of your departments, but sometimes bringing in an expert in each of the various departments can help you stay on top of your game. Olsen has expert knowledge of how digital and social media can do for businesses. He has worked with multiple start-ups, helping them to shape their marketing strategies, and they have seen great results. Check out what he can do for you as you expand your brand with the right guidance.