‘Five S.T.E.P.S. a Day’ Author Dr. Len Lopez Shares Must-Know Business Tips
Dr. Len Lopez is making waves in the health and fitness arena. He has been a nutrition and fitness expert for over 20 years and is the author of Five S.T.E.P.S. a Day, a journal that helps readers track and build healthier habits. He is also the creator of BrewMins (a convenient, natural, zero-calorie way to improve the taste of coffee) and the My Pullup Bar Work Horse Fitness Trainer (which allows users to do pullups and push-ups anywhere).
ABOUT INSIDER recently had the opportunity to catch up with Dr. Len. He was happy to share his top tips for other aspiring entrepreneurs and more.
WHAT VALUABLE ADVICE WOULD YOU GIVE NEW ENTREPRENEURS STARTING OUT? (YOUR CHANCE TO CONVINCE THE READER TO TAKE ACTION NOW)
“Working for yourself is not for everyone. Yes, you may have a great idea for a new business or service that fulfills a need. However, having the idea is only a small part of the game. Now you have to execute and think about what is really involved.
You will need to ask yourself these key questions:
1. Can I afford to go without X amount of income for X amount of time?
2. How long will it take before I can actually make money?
3. How much is it going to cost to get started? Rent, Inventory, Employees, etc?
4. Do I need an actual business location or is this an online idea?
5. Is it going to be a partnership or me alone?
6. Is it a side-hustle that I can do while I keep my job or do I have to go all in?
7. Have I bounced the idea off others I trust?
These questions will help you determine whether you should pursue this new business venture. I’m only scratching the surface, so keep in mind that there are a number of intangibles as well that need to be answered. Don’t forget, we all have different personality traits. Some people are more introverted than others, the same goes that some people work better working as an employee, rather than as the boss. We’re all different.
WHAT’S A PRODUCTIVITY TIP YOU SWEAR BY?
“Be in the NOW and turn off all the other gadgets and notifications you have that can distract you. Let me say it another way: time is something we all have. The poor are given just as much time as the rich — it’s how you spend those 24 hours is what truly separates us. You don’t need to respond to every text or email that comes chirping on your phone. Yes, the internet and social media are great, but spending so much of your time seeing what all your friends did the other night and what they ate and wore can distract you from striving after your goals.”
For more information about 5 Steps a Day, visit 5stepsaday.drlenlopez.com.