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The main takeaways from the 10X Rule by Grant Cardone are that we underestimate the amount of energy needed to complete goals. Also, we set goals that are not big enough.
Cardone points out that we should do 10 times more work than we think we should because we
The other main part of the 10x rule is to set bigger goals. Goals that are 10x the goal you have now.
Let’s say your goal is to rent party rental products for someone’s special occasion. Maybe you went to a party and there was a photo booth or a bouncy house. You thought that this is a great business and you decided to get into it yourself.
The bouncy house at the party was 400 dollars for 5 hours. This is a great deal since the hourly average wage in America is $30.06 . If you rent out bouncy houses as a business that’s income of around $50 dollars an hour (including the subtraction of expenses like gas )
If you think you are going to sit back and have people call you to rent your bouncy house that’s probably not going to happen. You have to make your business known around town. It can be difficult to do this but this article will give you some tips.
The other part of the 10x rule suggests to make your personal goals more challenging and meaningful. You may not even have a goal about how many rental jobs you want to get. But let’s say you do. If your goals are too small you need to raise them up.
Let’s say your goal is to rent out a bouncy house once a week. Cardone would suggest to 10x that. Can you even imagine renting out a bouncy house 10 times a week?
It's possible that your goals are higher or your goals are lower. Cardone’s point is that if you don’t start thinking about making higher goals you are going to be in the same position you are now.
Here are 2 reasons why Grant Cardone says to make bigger goals and how they relate to the party rental business.
If you fail on these big goals you still will accomplish more than when your goals are small
Here are some things you can rent out when you make a party rental business website with RentalSetup
When it comes to renting out bouncy houses as a business we might not be interested in the business if we don’t have an exciting large goals. If the goal is small it may have a negative psychological effect. A small goal can be like 1 bouncy house rental job a week. This can make you lazy and cause trouble for you.
You get more excitement in the experience if you try to achieve greater things.
Let's say you fail to achieve that 10 mark, you can be happy with a lesser number like 8 rental jobs because you’ve made money and got more rental jobs. If you have a smaller goal you will most likely get less rental jobs.
Cardone’s saying it’s ok to come up short if you have bigger goals. when you fall short on big goals at least you have the mind set of achieving more and if you fail to achieve the big goal you will still come out on top because you probably achieved more when you did not have the 10x goals.
Don’t forget about the other part of the 10x rule. That’s putting in 10 times the effort to accomplish your goals.
To be successful in the party rental business you can’t just have big goals, you have to put in the effort to accomplish them.
To succeed in the party rental business you must do things like
The more jobs you complete successfully the more chances word would get around that you are the person to go to supply bouncy house rental needs.
Some effort you can make to market your party rental business is.
They key is, the more people that know what you offer, the more chances you will get to accomplish your goal. The 10x goal in our example is 10 party rental jobs a week.
If you want a way to get more customers you should own a website that displays your products.
Here at rentalsetup.com we have a convenient way for you to build a party rental website. There’s a free 30 day trial. During those 30 days you can upload your rental products and have customers schedule when they will use your rental items. You will be able to accept payments and get a free custom domain after your 30 day trial.
In this article you saw you can apply the principles that Grant Cardone shares in his book The 10X Rule: The Only Difference Between Success and Failure to the party rental industry. Cardone tells us that top producers make big goals and performs "massive actions" to achieve these goals. You read some tactics you can use to help make your party rental business succeed. If this article gave you rental business motivation come back for more.
RentalSetup is a web based party rental software that can help you start an event rental business online.