Grant Cardone My First Million Course Review
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Hello, and welcome to My First Million Course Review article. In this article, I share my thoughts and takeaways from Grant Cardone’s My First Million Course.
My First Million Course is an online program created by Cardone University that tailors to people starting to get off the ground. Whether this is a side hustle or a small business that is looking to grow, there are helpful tips, basic business strategies, and frameworks to think about.
The framework around this course was based on Grant Cardone’s experience building a million-dollar company in 90 days on Discovery’s Undercover Billionaire show.
Read the review article on Cardone University here
Read the review article on Marketing Mastery here
My First Million Module Overview:
- Business plan introduction
- Business plan target commit
- Business plan go to zero
- Business plan do the math
- Business plan contacts contracts
- Business plan finding vehicle
- Business plan negotiating deal
- Business Plan team
- Business Plan 10 successful actions
My 3 Key Takeaways from My First Million Course:
1. Commit to your target.
As heavily expressed in his book The 10X Rule (you can read my book summary here) it is extremely important to set goals big enough that motivate you to take the massive action necessary to achieve them. So state what your target is and diligently work towards it.
2. Do the math.
While so many people set goals, they don’t look at the math required to create the systems to achieve the goals. If you want to make a million dollars, you need to know what that actually requires. You can achieve it by selling a low-cost product to lots of people, selling a very high-value product to a few, or anything in between. For example:
- Sell $100 to 10,000 People = $1M
- Sell $1,000 to 1,000 People = $1M
- Sell $10,000 to 100 People = $1M
From the above perspective, you can reverse engineer how many contacts/leads you need to make to achieve it. If, for example, you want to sell $1,000 to 1,000 people and convert 5% then you will need to contact 20,000 people.
%5 of 20,000 people = 1,000 people * $1,000/person = $1M
3. The right vehicle.
There are many quotes that state something to the effect of picking the right boat is more important than how fast you row.
The meaning of this is that some ideas simply have a bigger upside regardless of how hard you work. For example, a server at Denny’s can work 10X harder than a server at a nice steak house that sells $150 bottles of wine. While they are both working hard, which one do you think will come home with better tips?
The same is true for business pursuits. It is essential to understand what the total potential is and make sure you pick a pursuit that is worth your time.
