why 95% of people fail when starting AI businesses (simple fix)

why 95% of people fail when starting AI businesses (simple fix)

Summary published at 9/16/2024

👋 Liam Moley here! Today, I want to address a common issue in our community: many people are trying to start AI businesses or AI automation agencies and failing due to feeling overwhelmed.

😟 Many newcomers are unsure where to start and feel pressured to learn everything at once. This leads to information overload and stress. It's crucial to recognize that you don't need to know everything immediately to be successful.

🏋️‍♂️ Just like in the gym, where it's important to start with manageable weights, in entrepreneurship, you should take weight off the bar. Focus on your current skill level and gradually build up your expertise.

🗓️ Instead of aiming for quick results, extend your time horizon. If you have 2 years to achieve your goals, you can take a more measured approach. Start by learning the basics of AI automation platforms over the next 3-6 months.

🔍 Focus on one area to specialize in initially. Whether it's AI automation, text-based agents, or another niche, narrowing your focus will help you see progress and build confidence.

📚 I recommend watching my video on five different ways to start an AI business in 2024, which includes resources and strategies for beginners. This will guide you in selecting a specialization and provide a structured learning path.

💬 Once you gain some proficiency, engage with the community. Post about your services and connect with others who may need your skills. Utilize your warm connections to pitch your services naturally.

🌧️ Remember, starting with an empty bar is okay. Acknowledge your beginner status and focus on learning before diving into complex concepts like SaaS. Master the basics first, then expand your offerings.

💪 I believe in you all! The key takeaway is to avoid trying to do too much at once. Focus on gradual learning and growth, and you'll find success in your AI journey.

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