Welcome to Ecom Freedom MBA – the most valuable all-in-one entrepreneur training that you will find that will teach you the essential mindset and business skills you need for a life of successful entrepreneurship. In this lesson, we go over the Ecom Freedom MBA program and everything you will learn in the following lessons on how to behave and think like a successful entrepreneur.

In this lesson, we go over the most important topic that you will learn as an entrepreneur – how to think like a successful entrepreneur. The number one reason why people fail in business is that they cannot think logically and rationally. Common sense is the most important skill of all in business.

Here’s what we cover:

• The skills of a successful entrepreneur.
• The father and son analogy.
• 3 real-life entrepreneurial examples to show the importance of common sense, rationality, and logical thinking in business.

In this lesson, we go over some key skills to acquire as an aspiring entrepreneur – the ability to analyze and take calculated risks. Every single decision that you make as an entrepreneur carries a level of risk and reward. This is why the golden skill of an entrepreneur is the ability to analyze and take calculated risks.

Here’s what we cover:

• 3 scenarios of how to calculate risk by weighing the potential upside and downside of each option.

In this lesson, we go over the secrets to millionaire and billionaire focus as well as how to use it to your advantage instead of having it work against you. The number one superweapon in any entrepreneur’s arsenal today is focus.

Here’s what we cover:

• The new entrepreneur’s dilemma.
• The key to all entrepreneurial success.
• The trap of new ideas.
• Focus vs. distraction.

In this lesson, we go over all of the technical business, taxes, legal and accounting aspects that you need to know so that you can become familiar with all of the important concepts quickly.

Here’s what we cover:

• What a legal business entity is and the benefits of forming a legal business entity.
• How to create your business from anywhere.

In this lesson, we go over the difference between personal and business – a fundamental lesson that any new entrepreneur should learn.

Here’s what we cover:

• Business vs. personal expenses.
• How to keep track of personal vs. business expenses.

In this lesson, we go over how to set up your personal and business bank account as well as your personal and business credit cards in all countries.

Here’s what we cover:

• The types of bank accounts.
• How to choose a bank.
• How to set up your bank accounts and credit cards in any country.

In this lesson, we go over the most important secret to success and how it relates to resourcefulness and being able to find solutions to any obstacles or difficulties that come your way. Resourcefulness is the most important skill that any entrepreneur can have.

Here’s what we cover:

• What resourcefulness is.
• An eCommerce business example of being resourceful.
• How to learn about and gain the amazingly valuable skill of resourcefulness.

In this lesson, we go over everything you need to know about taxes, so you know exactly what taxes you have to pay, how to pay them, and when.

Here’s what we cover:

• What taxes you have to pay as an entrepreneur.
• How to register for sales tax in your country.
• When you have to pay for taxes and how often.

In this lesson, we go over everything you need to know specifically about US taxes. If you live in the United States, are a US citizen, permanent resident, or own an LLC or C Corp in the US, this lesson will be relevant for you.

Here’s what we cover:

• The 4 different US tax scenarios that are possible.
• Sales tax in the US.

In this lesson, we go over everything you need to know about which taxes to pay as an online business owner if you live or own a business in Europe.

Here’s what we cover:

• The 2 different EU tax scenarios that are possible.
• The 3 types of taxes that you pay in the EU.

In this lesson, we go over everything you need to know specifically about Canadian taxes. If you live in Canada, are a Canadian citizen, a permanent resident, or own a business entity in Canada, this lesson will be relevant for you.

Here’s what we cover:

• The 2 different Canadian tax scenarios that are possible.
• Sales tax in Canada.

In this lesson, we go over everything you need to know specifically about taxes in Australia. If you live in Australia, are an Australian citizen, a permanent resident, or own a business entity in Australia, this lesson will be relevant for you.

Here’s what we cover:

• The 2 different Australian tax scenarios that are possible.

In this lesson, we go over another key skill that every entrepreneur must have – the ability to manage your cash flow and properly budget in your business. As an entrepreneur, you must look at your cash as ‘soldiers’ who are ready to fight at any time, every dollar count; this mindset is important for keeping your business lean.

Here’ what we cover:

• A few important steps for managing your cash flow.
• How to keep track of cash flow.
• How to evaluate your current cash flow situation.

In this lesson, we go over the basics of accounting and bookkeeping. One of the most fundamental skills a successful entrepreneur can have is the skill of accounting and bookkeeping.

Here’s what we cover:

• The difference between revenue and profit.
• Accounting terms you must know.
• The difference between accounting and bookkeeping.
• A step by step walkthrough on how to do your own bookkeeping.

In this lesson, we go over how to hire a professional accountant and bookkeeper for your eCommerce business. Before doing this, we highly recommend you follow the last lesson and learn how to do accounting and bookkeeping yourself before hiring somebody.

Here’s what we cover:

• How to hire a bookkeeper locally and from abroad.
• How to choose the best candidate.
• How to hire an accounting firm.

In this lesson, we go over the most important thing to change your life. Everyone has an equal chance to achieve success, the key for wealth for life is separating your time for money. Most people will go to college and get into debt, where they will spend 15-20 years paying off this debt working a basic 9-5 job. The salaries that these people are making are low, and their whole life their aspirations revolve around some job or doing something they love but will never separate their time for money.

Here’s what we will cover:

• The corporate tax is significantly lower than the personal income tax for most countries.
• Everyone who makes a 100k/yr thinks they are rich, they are all slaves to the same game.
• 99% of people stay poor forever due to their mindset of selling their time for money
• “Lost time is never found again” - Ben Franklin
• The 40 hour work week has not been around forever, it was started during the industrial revolution – it creates a structure for workers
• Workers who produced the goods were the consumers, allowing workers an extra day off allowed them to go out shopping on Saturday and Sunday
• Must rewire your brain to not sell your time for money
• Cannot afford to put things off in life
• Temporal prostitution is trading good time for bad
• The subordination of time to money; the presumption that time is unlimited and can be fecklessly traded, squandered, and dishonored, while money is piously coveted as a limited resource.
• Number one greatest asset is your time
• Need to stop anything that is taking your time away from achieving your entrepreneurial goals
• Need to create a system that will generate you money 24/7

In this lesson, we are going to talk about deserving what you want in life. Every single successful person has deserved what they have in life. It might look like most people achieve success over night but in reality they had to work many long days and nights to get where they are today.

Here’s what we will cover:

• Most people will have the ‘10 dark years’ which are the 10 years it takes you to become successful and build amazing businesses
• Need to figure out what it is going to take for you to become successful and how much work it is going to require
• Must find something you are good at and capitalize on that skill
• The more value you create for the world, the more you will get in return
• Bill Gates has changed the faces of the world with Windows
• Need to rewire your brain and believe in yourself

In this lesson, we go over no matter where you are or what you're doing, it all starts in the mind. Must realize that it is 80% mindset and 20% making money, you will be successful and wealthy in life. The importance of having a mentor who is ahead of you in your journey.

Here’s what we will cover:

• The most important skill in life: being self-reliant
• Mentors will push you up and you will be able to stand on the greatest minds
• Taking notes on important things in any books you may read
• Need to find a multiple mentors in different parts of your life
• Best ways to get a mentor:
• Books
• Gain so much value from reading books (ex. Way of the Wolf by Jordan Belfort)
• Biographies are the best for teaching you how an average person has gone from nothing to greatness (ex. Made in America by Sam Walton)
• Recommend: Read a book every single day
• Save so much time by gaining values and life lessons through reading books
• Books keep you in the mindset during hard times, they push you through to achieve success
• Everything in life is a series of decisions
• Recommend to reroute the way you spend money in life
• Need to provide value to a mentor before they will provide value to you, must show that you are committed and are not going to be a leech
• Law of 33%
• You are a product of your environment
• Spend 33% of your time with people lower than you,
• Then 33% of your time with people on your level who become your friends and peers,
• The final 33% of your time should be spent with people who are 10x further ahead than you.
• Don't be afraid to go to the top.

In this lesson, we go over finding exactly where you need to be and how to achieve your exact dream life. In reality, it’s very simple – every person has their own idea on their dream life. With your brain you can create your dream life, life happens from the inside out and not from the inside in. It’s not going to be simple but you must know what you want in life.

Here’s what we will cover:

• A dream life includes:

1. Financial abundance
2. Free from 9-5 lifestyle

• Starting a business puts you in control of your life
• Humans are given an amazing power to create
• Do not need to know how you are going to get to your dream life
• Must tackle what is straight in front of you
• Open a notebook and reverse engineer your life
• Write out your dream life plan
• Set goals for 3 or 5 years from now
• Reverse engineering your life puts you in control
• Giving your mind a destination, decide what you want and stick with it
• Do not live someone else’s dreams, you are the CEO of your dreams
• Goals need to be ambitious enough that they scare you
• Need to be optimistic but realistic
• The more money you make, the more power you have, the more responsibility you have
• Must decide concretely what you want in life
• You will start processing things that will get you on the right path, you brain will start filtering things are you progress on your entrepreneurial journey
• The mindset is the best foundation
• At the end of the day people only care about themselves, need to make sure people remember you for the impact you have brought to the world

In this lesson, the whole game of life is the 99% versus, the 1%. Where the 1% are the entrepreneurs are the ones living their dream life, they have time and financial freedom. Everywhere you go you are aware of what’s going on in every situation. Having this 99% versus 1% knowledge you will be able to become aware.

Here’s what we will discuss:

• Must do you own thinking, take everything you hear with a grain of salt
• Write down a list of 5-10 people who you will take life advice from
• Most people will try something and 99% people will give up due to failure
• Learned helplessness is a state that occurs after a person has experienced a stressful situation repeatedly. They come to believe that they are unable to control or change the situation, so they do not try — even when opportunities for change become available.
• Entrepreneurship journey is never going to be a smooth road, it’s going to take a lot of work and sacrifices

In this lesson, we talk about the reasons why most of society is following a broken script and empty direction – does not mean it is right. There are three levels of knowledge and success that you must learn to break away from this mindset. Our duty as entrepreneurs is to bring things from the unseen (90%) into the seen (10%).

Here’s what we will cover:

• The three levels of knowledge and success:
• Things that we don’t know but we don’t know that we know them
• Most people place their life in the failure stage, they are not aware of all the amazing opportunities
• Must expose yourself to the better things in life
• How are you supposed to do better in life if you don't know what is better
• Things we know that we don’t know
• Aware of the opportunities but will never attempt them
• People don’t know about the opportunities through online business
• Things we know that we know
• Aware of the opportunity and the outcome
• Most people are completely oblivious to the opportunities in the world
• Can achieve maximum success with an internet connection and a laptop
• There’s no excuse to be a millionaire, so many available resources
• There’s enough time in life for every single person to achieve anything they want, as long as you don't squander your time
• Reading biographies will allow you to plug yourself into the brain of a millionaire
• You life is shaped by your own paradigm
• If you believe you will be a failure, you will be a failure in life
• If you believe you will become a millionaire, you will be a millionaire
• There are three groups of people

1. People that make things happen (real game changers)
2. People that watch things happen (envy first group)
3. People that wonder what happen

• The mind is like an attic, it gets full over time and it can only hold so much before we must clean it

In this lesson, we talk about the competitiveness of the nature of life. There would be no motivation if life was not competitive, it is actually a good thing. Nobody cares more about your success than you do, you must pave your own path to success.

Here’s what we will cover:

• Competitiveness is good, it place you in control of your own destiny
• The Principle of Advancement
• Most people will invest into things with a limited upside and unlimited downside
• Must educate yourself on all the available opportunities out there
• By taking Shopify Freedom, you put yourself in the 1%
• Just need to learn one idea that can make you a millionaire
• Shiny Object Syndrome
• Truly the devastating point of beginner entrepreneurs
• You never get anywhere since you never commit to one thing
• Want to avoid at all causes as you will always be wasting time
• Focusing on one thing and setting a concrete goal will allow you to always achieve success