Ep 2 (Your Peak Mentorship) 4 Phases of Your Venture - Bijay Kumar Khandal

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INTRODUCTION

Show Objectives - The Why

Let us understand why those phases will come in your venture. 

Anytime you start anything, you will have a basic framework in your mind, but you cannot have an exact step-by-step process. Even if you have, you will deviate from them when the work gets started. Those deviations are expensive, and they will create much fear.

Once 6 steps fear cycle kicks in, you will go into internal and external resistance phases. The majority, if they don't have a clear vision, will be out of their venture.

If you can handle phase 2, you will get into phase 3, which is the phase of massive failures. That's where you will start doubting your capability and your idea.

If you can handle phase 3 correctly, you will reach a level of success.

Key Issues - Owner Perspective:

The key issues are failing cycle, Resistance from the near and dear ones, Massive failure and then preparedness for success.

What You Need to Know - The What

Let's correctly understand each of these phases.

Phase 1) There is a 6 step cycle of fear.

Attempt
Failing
Fear
Doubts & Dilemma
Evidence Collection
Confirmed Failure

Phase 2) Resistance

Vague Ideation
A framework that is on the assumption that it will work.
People around you Question your model and assumptions
Those questions can shape you or Break you
Emotional Intelligence & Openness to discuss
Rework that idea and finally implement.

Phase 3) Massive Failure

Excitement and Aspiration
Rubber meets the Road
Strategy Fails, Money Loss, People quit
The phase of desolation and emptiness
90% will be out. If you can handle this, then you will reach phase 4

Phase 4) Hope and Success

This phase is the phase you reach with much perseverance, so your chances of getting stuck there are much higher. 

Things to remember here is:

Success is never permanent.
The Reason for Today's success will be the reason for Tomorrow's failure.
Success brings fake friends
Success brings arrogance
Success brings false assumption of greatness within
Success without the next goal is a sure-shot failure.
What You Need to Do - The How

Here is a 4 step method to accomplish that.

No matter what your venture is, you will go through these 4 stages. So how to handle these 4 stages, let's master.

Let's first understand the 6 step fear cycle, in this cycle, you need to attempt no matter what. The first time you attempt, be prepared to fail. So, after failing, you need to pause and find out the reasons for failure, then again attempt, you will fail again, but this time the margin of failure will reduce.

So like this, you keep reducing the margin unless you achieve the result.

But people do the opposite, and they get stuck in this vicious cycle.

If you can handle this, then you will reach phase 2.

In phase 2, you will get massive resistance from the nearby ones. In this phase, the majority let go of their aspirations.

The reason being you are not sure about the know-how of your idea. And you are struggling to convince yourself, and at the same time, people are asking you 100's of questions; if you don't change your paradigm, you will feel insecure, depressed, and lonely.

But if you can change your paradigm and take this as your idea validation phase, you will reach phase 3.

In Phase 3, you will feel lost, feel victimized, and you would also feel there is a conspiracy against you. And finally, you will reach a phase where you will regret your decision. 

In this phase, your character is developed, your dream is tested because, without this phase, you will ruin your success very fast if you reach your destination. 

Now comes phase 4. In the phase 4 you will become successful. You need to take some rest, some vacation, but more importantly, this is the time you need a vision board. or else you will stagnate at success for some time. ( Which can be from 2 to 5 years) And after that again you will see a downfall.

So, in the end, let me summarize this whole journey. Success is a journey, not a destination.

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