WEBVTT
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This podcast is a proud member of the Teach Better
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podcast network, Better Today, Better Tomorrow, and the podcast to
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get you there.
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You can find out.
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More at teefbetter dot com slash podcast.
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You end up giving up a forty hour a week
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job to end up doing a sixty hour week job
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when you first start your business, and that shocks a
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lot of people. But let's face it, if it was easy,
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then there wouldn't be an unfair advantage. The good news
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is if you build it the right way, that sort
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of pain and discomfort that you go through and you're
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starting out in a business or any new venture for
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that matter, it's always going to be the short term
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pain in order to hopefully give you that long term
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benefit if you build it the right way.
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Do you want to be a leader in a constantly
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changing world? Our emerging leaders look different, come from various
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backgrounds and from all different age groups. Leadership is changing
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and it's hard to keep up. But the good news
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you can be a leader too. You can be an
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e merging leader. Welcome to the Limitless Leadership launch a
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try generational conversation for it. E merging leaders. Come spend
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some time with us to discuss Leadership from Three Angles,
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the coach Jim Johnson, the professor doctor Renuma Kareem, the
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host John Gering, a monthly guest, and you get in
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on the conversation on Facebook and Instagram, and be sure
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to follow us on Apple Podcasts, Spotify and Speaker. So
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come on in and make yourself comfortable.
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Another week inside the Limitless Leadership Lounge. And if you're
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an entrepreneur especially, you're going to want to stick around
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for this episode. Really exciting conversation up ahead with Robin Waite,
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who we have had.
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On thanks to our friend Ben Albert. So we'll get
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to that in just a moment.
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But I do want to remind you that if you're
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enjoying the show so far and you really like the
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content we're putting out there.
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A review is really easy to leave and it makes
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a huge difference to us.
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So if you could leave that review up on wherever
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you're listening to, maybe it's Apple Podcasts, maybe it's Spotify,
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maybe just subscribing to our YouTube channel, we appreciate all
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that so much. I am John Garry Hose that your
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host is always joined by coach Jim Johnson and doctor
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Numa Kareem. And today we're also joined by Robin Waite,
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who's a business coach, he's a speaker, and he's a
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best selling author of this great book that I got
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the chance to read called Take Your Shot. Highly recommend it,
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and we'll dive into that a little bit more as
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a show goes on. He's a founder of Fearless Business.
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He helps coaches, consultants and freelancers double their income while
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working with fewer, higher quality clients. It's all about quality
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over quantity for Robin, and the impact is real.
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You can see his very satisfied clients.
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He's all about working smarter, not harder. And today he's
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going to join us. He's going to help us rethink
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how we grow our business without burning out, which so
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many of.
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Us are very close to. Robin, thank you so much
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for your time today. Welcome to the Limitless Leadership Lounge.
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Oh thank you for the introduction. John God. That's something
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to live up to, isn't it.
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I know you're going to do it because I really
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enjoy your content. Obviously, we talked about your book. It's
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called Take Your Shot, is a great fable about a
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young business owner who meets a mentor and his whole
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business is transformed through the lessons that he learns.
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But I know you also have so.
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Much other great content, including your YouTube channel and the
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articles that you write. I've run across some of those
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on LinkedIn. One recent piece of content that I think
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could really resonate with our young and emerging leader audience
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is this content that you put out a video about
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some tips that you have, ten tips for those young
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and emerging leaders, those twenties and thirties in that age range,
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what they can do to avoid some of the mistakes
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that you made and also just live a more content
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fulfilled and successful life.
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Could you just share one or two of those to
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start us off.
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Yeah, of course, yeah, And it's a pleasure to be here.
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By the way, I'm very grateful for you inviting me
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onto the show. So one of the big things which
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I've learned. So I'm forty three now, and as you do,
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you reflect on your life and your journey and from
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where you came from to the point where you're going to.
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And I realized that my twenties, I think there are
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certainly some things which I would have changed. I certainly
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don't regret any of it, but there's definitely some things
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in amongst that that I would do slightly differently, taking
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for example, like just the mere fact that kind of
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I went through university. And then I thought, that's unly done.
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I don't need to read any more books anymore. Learning
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is done for me because I've been doing it for
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twenty odd years. And then started out on my business
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journey and realized that actually it's harder than everybody puts
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out says that it should be, or you think it
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should be, and maybe just out of stubborness, didn't pick
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up books still for a little while. But then when
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I started to listen to audio books and go on
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a bit of a journey of self development in my
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mid twenties, had that proper oh no moment where I
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was thinking, damn, I wish I hadn't have missed out
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in those few years when I didn't read. My biggest
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tip is, like to anybody who's in their twenties and thirties,
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don't ever stop learning. Doesn't matter whether it's for hobbies
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or for a business, or for your work or to
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be a better parent or financial wellbeing, like whatever it is,
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just pick up books, listen to podcasts, go to events,
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and listen to some of the amazingly entertaining and the
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educational speakers that are out there, because there's always things
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that you can learn. It doesn't matter what sphear you're in.
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And actually, since I've gone on my own sort of
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journey of self development and getting into coaching, I've lean
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into it even more. And it's every time you get
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a major breakthrough. And I think with people, especially if
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you're a business owner, you go through these sort of
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cycles every two to three years as your business kind
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of consolidates and then grows again and consolidates and grows.
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I've been through that several times, and it coincides with
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having a big breakthrough meeting another mentor or reading another
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book or something like that, which then takes you up
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to the next level. And then along with that as well.
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This one's a bit boring, actually, but I wish that
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I had taken some financial advice in my twenties. I've done.
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I've been incredibly successful in a multitude of different areas,
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and my businesses in particular have done quite well. But
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as you do in your twenties, you don't really didn't.
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I wasn't fortunate enough to come from parents who were
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particularly financially savvy, so they worked incredibly hard and work
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ethic wise. They set a great example, but when it
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came to the financial side of things, it was very
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much easy come, easy go. They made the money and
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spent the money, and it was all invested in the
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right places the house and schooling for me and my brother,
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in various things like that. But we missed out on
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the fun parts of life. It felt like they worked
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really hard, but we never really had any holidays, or
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they worked really hard, but they hadn't didn't have much
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for retirement and had to fall back on. When my
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grandparents finally passed away, they got some inheritance and that
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ended up being their financial sort of plan, basically their fallback,
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which wasn't I didn't think particularly wise, So I'd definitely
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go back to my younger, twenty year old self and say, look,
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just put a little bit of it aside, don't spend
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it all, And also you don't have to work quite
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as hard as you're working for this money. But hey,
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these are just things, aren't they that you pick up
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as you get older and hopefully a bit more wiser
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and end up with a few more gray hairs in
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your beard and then you're able to pass these messages down.
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And actually, just to wrap this up, my eldest daughter
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is now eleven. She's big into her swimming, So I'm
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Paul's side quite often most weekends now and all over
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the sort of the southwest of the UK where her
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competitions are. And the last one we had now and
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a quarter drive, so I thought, great opportunity to impart
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some wisdom on my eleven year old daughter around wealth creation.
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Actually we had a conversation about compounding interest and pensions
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and how could she like arbitrage between selling some time
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to somebody but then paying somebody less than the cost
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that so you can make a profit and things like that.
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And it was a really fascinating conversation.
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Yeah, Robin, I think this is so valuable because sooner
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we understand the financial management different topics around those area,
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we could make better decisions in life. I wish I
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had these kind of conversation, but I came also from
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the family where the paycheck will be all used up.
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My parents worked hard, but we did not save enough.
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But one thing is discipline is discipline. We need to
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learn of disciplines in life. My question to you is,
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although we have the disciplines and everything, but nowadays we
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also have dreams ideas. I had an idea seven years
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ago and then I woke up at two am in
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the morning and I had to buy the domain with
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that name to lock in the idea. So unless or
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until I have any momentum, I feel unrested. But I
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also have to think about the money. Do I have
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enough money to start a business? So when do we
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make that decision? So I jumped into starting my own
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nonprofit taking money out of my retirement fund, and everybody
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told me how stupid I am because I took the
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money from my retirement fund. But now after eight years,
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I feel that it is giving me back. I am happy,
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but I had to struggle. So the struggle period is there.
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So how would you advise a person who have the
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idea but also does not have that means, but he
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or she has to sacrifice some optimization of financial search
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certainty to start a business. What advice would you give
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that person?
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One thing which I always find amusing is that kind
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of when we start businesses, we assume that you're going
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to have more abundance, more money, We're going to have
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more time and all these sorts of things, and actually
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you end up giving up a forty hour a week
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job to end up doing a sixty hour week job
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when you first start your business, and that shocks a
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lot of people. But let's face it, if it was easy,
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then there wouldn't be an unfair advantage. As a small
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business owner an entrepreneur, you do need a certain level
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of tenacity, endurance, patience and everything and tolerance as well
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risk to pain and things like that in order to
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build a successful business. But the good news is if
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you build it the right way, that sort of pain
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and discomfort that you go through and you're starting out
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in a business or any new venture for that matter,
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it's always going to be the short term pain in
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order to hopefully give you that long term benefit if
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you build it the right way. So I look at
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it in terms of a lot of things. So everybody's different.
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Everybody has a different level of risk aversion. So some
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people are very risk averse. Some people have a very
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low tolerance to risk, and so starting out of business
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has to be done in a very safe way. They
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can't spend too much or risk too much. Some people
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are just they'll take all of their life savings and
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put it into their business and willing to risk it all.
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So you've got to weigh that up. You will at
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some point, like most people start a business and they
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see that it's going to be a nice straight line
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like that, but inevitably it's this squiggly line where there's
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lots of steps backwards and forwards and ups and downs
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along the way, and you have to, like so part
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of it is going accepting that we are going to
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hit a dip at some point. It is inevitable in
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business life generally. If you prepare yourself mentally for those
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dips to happen, the game becomes, well, how can we
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make it more fun when they do happen, And there
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is a way to make that happen, but also how
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can we get through those dips as quickly as humanly possible?
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Because if we know they're going to come along, we can.
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It starts to become a bit more predictable. People think
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I'm absolutely mad so when I talk about going like
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forcing your business to go into a dip, but actually
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it makes sense because imagine you've been going on this
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nice plain sailing of consolidation and things have been going well,
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your team are behaving well, your clients are not throwing
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up too many problems or challenges to you. You designed