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The speaker shares personal experience in setting up businesses and outlines the importance of adopting a practical mindset as opposed to relying solely on good intentions. They provide tips on how to navigate the process and avoid incurring losses.
Focusing solely on good intentions when starting a business is not enough, becoming business minded is a skill that requires investment of time and energy, as just having good intentions won't be enough to sustain it.
The fear of things going wrong can paralyze you from moving forward, but endless planning wastes time and progress. Instead, focus on taking action in the present moment.
Start small and gain experience before jumping into a bigger opportunity to ensure a smoother and more successful outcome. Pursuing your purpose can bring abundance but expect challenges and emotional attachments to outcomes.