209: Neil Patel: Starting From Scratch and Making Millions

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Neil Patel is a Seattle, Washington-based entrepreneur, angel investor, and analytics expert. He is best known for his work in digital marketing, and as the cofounder of the analytics companies KISSmetrics, Crazy Egg, and Quick Sprout

Favorite Success Quote

“When things are looking good, always remember that someone else out there always has it better than you. And when things are going badly for you, remember someone has it worse”

Key Points

1. Do Not Operate from Emotion 

One of the biggest mistake that people, especially entrepreneurs, make is that they operate from emotion and not logic. Like the opening success quote, it is important that you always remember that someone out there has it better and is kicking your butt at business, but someone out there also always has it worse and the failures you are facing are not life changing.

Stay grounded as a man in your decision making. Always take some time and breathe whenever you feel overwhelmed and simply think through the situation logically. (Something Andrew and many guests have suggested for controlling your emotions are cold showers and meditation.)

2. When You Are Young You Have Nothing to Lose

So often, young people allow fear to stop them from taking action without realizing one simple fact…. you have nothing to lose.

When you are a young single guy, without a mortgage, car payments, or child support to pay, you are free. So start your business. The best thing that can happen is that you succeed and make millions, the likely outcome is that you will make some money but it won’t be your big break, the worst thing is that you learn.

Is learning really that bad?

3. Keep Making Mistakes and Keep Learning 

No matter where you are in business, always be learning. Look at every “failure” as an opportunity instead of a mistake. Each time that something doesn’t work or turn out how you want it to, you have the choice to decide to analyze the opportunity and learn from it.

And remember, the more you learn, the more you earn.

4. Business is a Game; Play a Game You Enjoy 

No matter what business you are in, it is all a game. A game that you should be playing to win, but a game no less. Be sure that you are playing a game that you enjoy.

If you are in a business that you don’t enjoy, you are setting yourself up for failure before you begin. Succeeding in life and business is hard, it’s significantly harder if you aren’t passionate about working ridiculous hours, staying up late, waking up early, and making sacrifices.

5. Focus on One Idea and Go All or Nothing 

When you are first starting out in entrepreneurship, it’s very easy to get sucked into a million different projects and gigs without focusing on one to master.

Find something that you enjoy and freaking crush it! Go after it with everything you have got, get laser focused and devote everything you can to it. Then, and only then will you truly succeed.

Influential Content

1. History Channel (Biographical documentaries)

2. The Economist 

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Connect with Neil Patel

neilpatel.com

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