1
00:00:00,000 --> 00:00:03,000
Tell me about your vision.

2
00:00:03,000 --> 00:00:06,040
My vision is I've always had the same vision,

3
00:00:06,040 --> 00:00:08,360
despite it coming across a couple of businesses.

4
00:00:08,360 --> 00:00:12,720
But this is the one where I have this vision that I feel

5
00:00:12,720 --> 00:00:16,720
entrepreneurship is really such a powerful force that

6
00:00:16,720 --> 00:00:19,360
can drive our world forward.

7
00:00:19,360 --> 00:00:20,800
It can drive humanity forward.

8
00:00:20,800 --> 00:00:22,560
And it does such great things.

9
00:00:22,560 --> 00:00:24,440
But the problem is that along the journey,

10
00:00:24,440 --> 00:00:27,400
so many business owners and entrepreneurs and founders

11
00:00:27,400 --> 00:00:30,360
and their teams really blow their energy up.

12
00:00:30,360 --> 00:00:32,200
It's quite stressful.

13
00:00:32,200 --> 00:00:33,720
It can be very busy.

14
00:00:33,720 --> 00:00:38,160
And I really feel that with the right operational architecture

15
00:00:38,160 --> 00:00:41,680
and the right ability to delegate the support

16
00:00:41,680 --> 00:00:43,760
layer in a business, that's what I like to call it,

17
00:00:43,760 --> 00:00:46,600
the real support layer, and free your key people up

18
00:00:46,600 --> 00:00:49,080
and the entrepreneur and the founders and the teams

19
00:00:49,080 --> 00:00:51,600
to do great work and to actually move

20
00:00:51,600 --> 00:00:53,640
the needle in their business and in this world,

21
00:00:53,640 --> 00:00:55,920
I think it's vital, especially today,

22
00:00:55,920 --> 00:01:01,640
that we can have a great cost effective team of support layer

23
00:01:01,640 --> 00:01:04,800
assistance in every business, in every department,

24
00:01:04,800 --> 00:01:07,320
that can actually free the time and energy of those people who

25
00:01:07,320 --> 00:01:08,920
will drive it forward and make the impact

26
00:01:08,920 --> 00:01:10,120
that they want in this world.

27
00:01:12,680 --> 00:01:15,160
Thank you for sharing that.

28
00:01:15,160 --> 00:01:20,120
Where would you say, Barbara, where would you

29
00:01:20,120 --> 00:01:23,600
say this vision came from?

30
00:01:23,600 --> 00:01:24,560
You know, it's funny.

31
00:01:24,560 --> 00:01:27,000
I was always in the corporate world.

32
00:01:27,000 --> 00:01:31,600
So I wasn't the traditional entrepreneur from childhood.

33
00:01:31,600 --> 00:01:34,400
I wasn't something I set out to do.

34
00:01:34,400 --> 00:01:37,840
I think I just, over my years of being in corporate,

35
00:01:37,840 --> 00:01:40,800
I decided that I didn't really want to be a corporate mom.

36
00:01:40,800 --> 00:01:41,520
That was the truth.

37
00:01:41,520 --> 00:01:43,920
And high five to anyone who is doing that.

38
00:01:43,920 --> 00:01:45,200
It's a very hard gig to do.

39
00:01:45,200 --> 00:01:46,640
I think everything's hard, really,

40
00:01:46,640 --> 00:01:48,320
when you become a mom if you're working.

41
00:01:48,320 --> 00:01:52,240
But I decided I didn't want to do that.

42
00:01:52,240 --> 00:01:55,040
And I guess maybe I was solving my own problem.

43
00:01:55,040 --> 00:01:57,000
I really wanted to prove that you could actually

44
00:01:57,000 --> 00:02:00,200
build a scalable company without blowing yourself up.

45
00:02:00,200 --> 00:02:02,680
Because I knew that that was something I needed to do.

46
00:02:02,680 --> 00:02:05,840
Because I made the decision to launch my own company

47
00:02:05,840 --> 00:02:07,520
at the same time as having kids.

48
00:02:07,520 --> 00:02:09,440
Now, my first company wasn't this one.

49
00:02:09,440 --> 00:02:10,640
So this is interesting, right?

50
00:02:10,640 --> 00:02:15,760
So the vision probably, I did have a vision that was similar.

51
00:02:15,760 --> 00:02:18,680
But it was more around the financial end of companies.

52
00:02:18,680 --> 00:02:21,120
Because my background was in the financial industry.

53
00:02:21,120 --> 00:02:24,200
But I guess I started out doing some consulting

54
00:02:24,200 --> 00:02:26,760
with businesses initially in the early days

55
00:02:26,760 --> 00:02:27,880
when I first left corporate.

56
00:02:27,880 --> 00:02:30,880
And I saw that one of the acute problems I saw

57
00:02:30,880 --> 00:02:33,840
was this issue of them not being able to get out of the weeds

58
00:02:33,840 --> 00:02:36,160
and actually get the work done and actually move forward.

59
00:02:36,160 --> 00:02:37,640
And this is still happening.

60
00:02:37,640 --> 00:02:39,680
I just had conversations over the last few days

61
00:02:39,680 --> 00:02:43,440
with businesses where they don't realize that this is actually

62
00:02:43,440 --> 00:02:46,880
a major problem, is the ability, the burnout,

63
00:02:46,880 --> 00:02:50,200
that everyone's trying to do more, be more productive.

64
00:02:50,200 --> 00:02:52,480
And my philosophy is more like, well, no, we

65
00:02:52,480 --> 00:02:56,360
need to get better at creating dynamite processes and systems

66
00:02:56,360 --> 00:03:00,520
and architecture and actually plugging great assistance

67
00:03:00,520 --> 00:03:01,800
in to run those processes.

68
00:03:01,800 --> 00:03:04,160
And actually, you bring the cost of your people's strategy

69
00:03:04,160 --> 00:03:05,640
down, dramatically doing that.

70
00:03:05,640 --> 00:03:08,400
So I think maybe in my own way, I

71
00:03:08,400 --> 00:03:10,480
knew that I had to be a great delegator if I

72
00:03:10,480 --> 00:03:14,320
was going to pull off my own vision for my personal life.

73
00:03:14,320 --> 00:03:17,360
And from that, I sort of pivoted out of the first foray

74
00:03:17,360 --> 00:03:21,320
into business, and I ended up going into this philosophy

75
00:03:21,320 --> 00:03:22,880
point of view and into this business.

76
00:03:22,880 --> 00:03:24,160
And that was nine years ago.

77
00:03:24,160 --> 00:03:26,960
So here we are today.

78
00:03:26,960 --> 00:03:32,120
Why do you think leaders hide from funding their vision?

79
00:03:32,120 --> 00:03:34,280
Why do you think they hide from funding their vision?

80
00:03:34,280 --> 00:03:39,000
Do you mean raising capital for it or from in what way?

81
00:03:39,000 --> 00:03:40,280
It could be either or.

82
00:03:40,280 --> 00:03:43,040
It could be time commitment, resources, et cetera,

83
00:03:43,040 --> 00:03:46,360
or raising capital, whatever you would like to share.

84
00:03:46,360 --> 00:03:48,520
Yeah, so let's start with the time commitment first,

85
00:03:48,520 --> 00:03:52,960
because raising capital, that's a whole other gig.

86
00:03:52,960 --> 00:03:56,560
Look, I think people, the easiest way to put this,

87
00:03:56,560 --> 00:03:59,240
I would suspect that a lot of people,

88
00:03:59,240 --> 00:04:01,360
in the early days of a business, you've all the energy

89
00:04:01,360 --> 00:04:02,880
and motivation in the world.

90
00:04:02,880 --> 00:04:04,800
But sadly, what happens, as we all know,

91
00:04:04,800 --> 00:04:06,200
and I've gone through this myself,

92
00:04:06,200 --> 00:04:10,480
is you reach a point where you become that burnout starts

93
00:04:10,480 --> 00:04:13,040
to set in, and you go, I'm a bit jaded now.

94
00:04:13,040 --> 00:04:15,520
And putting more time in is just not possible

95
00:04:15,520 --> 00:04:17,520
because you're so burned out, and you're tired.

96
00:04:17,520 --> 00:04:20,320
Even if you love the business, you're still tired from it.

97
00:04:22,120 --> 00:04:22,960
So that's number one.

98
00:04:22,960 --> 00:04:24,800
I think the energy sort of wanes,

99
00:04:24,800 --> 00:04:28,960
and people just become comfortable with where it's at.

100
00:04:28,960 --> 00:04:31,200
The second problem is that people

101
00:04:31,200 --> 00:04:34,920
are at the bottom of a mountain looking up and going,

102
00:04:34,920 --> 00:04:37,800
if I need to systemize this business,

103
00:04:37,800 --> 00:04:40,520
even if they know what that actually means,

104
00:04:40,520 --> 00:04:41,600
it's quite a lot of work.

105
00:04:41,600 --> 00:04:43,560
And it's like an enormous project

106
00:04:43,560 --> 00:04:47,000
that needs to be broken down into bite-sized pieces.

107
00:04:47,000 --> 00:04:48,080
So that's number two.

108
00:04:49,520 --> 00:04:52,120
And number three, I think by the time it gets

109
00:04:52,120 --> 00:04:55,600
to all of those points, it's really far down the chain.

110
00:04:55,600 --> 00:04:57,760
And in order to even start delegating

111
00:04:57,760 --> 00:05:00,280
and fixing all these things becomes overwhelming.

112
00:05:00,280 --> 00:05:04,720
I think that people just tend to stay at that plateau,

113
00:05:04,720 --> 00:05:07,000
and they think, well, I'll just stay here.

114
00:05:07,000 --> 00:05:08,120
So that's number one.

115
00:05:08,120 --> 00:05:11,320
Raising capital, I think, is a complex one

116
00:05:11,320 --> 00:05:15,560
because everyone sort of feels like that's the Holy Grail,

117
00:05:15,560 --> 00:05:16,640
but it's not necessarily.

118
00:05:16,640 --> 00:05:19,640
That brings with it a whole other set of challenges.

119
00:05:19,640 --> 00:05:22,120
Now, some businesses can't be bootstrapped.

120
00:05:23,240 --> 00:05:27,960
You know, like a lot of product style businesses are,

121
00:05:27,960 --> 00:05:30,360
meaning if you're building SaaS tools and things like that,

122
00:05:30,360 --> 00:05:32,360
they're hard to bootstrap.

123
00:05:32,360 --> 00:05:35,200
Although I do know quite a few founders that have,

124
00:05:35,200 --> 00:05:37,240
and they've bootstrapped them to tens of millions.

125
00:05:37,240 --> 00:05:39,280
So it's very possible,

126
00:05:39,280 --> 00:05:41,960
but you need to be super savvy to do that.

127
00:05:41,960 --> 00:05:46,400
Service businesses and other styles of product businesses,

128
00:05:46,400 --> 00:05:50,320
you can bootstrap them, but you'll only get them so far.

129
00:05:50,320 --> 00:05:54,360
Like you might make seven figures, maybe in revenue,

130
00:05:54,360 --> 00:05:57,160
but at that point, if you don't operationalize

131
00:05:57,160 --> 00:05:59,720
and systemize and get scalable

132
00:05:59,720 --> 00:06:01,360
doing the things that I'm talking about,

133
00:06:01,360 --> 00:06:02,580
you won't scale that business.

134
00:06:02,580 --> 00:06:03,880
You won't be able to.

135
00:06:03,880 --> 00:06:07,320
That's where, and then you'll stop, you'll plateau there.

136
00:06:07,320 --> 00:06:08,680
Thank you for being here today.

137
00:06:08,680 --> 00:06:11,160
I'm really happy that you tuned in to Vision Pros Live.

138
00:06:11,160 --> 00:06:13,800
I'm looking forward to seeing your reactions

139
00:06:13,800 --> 00:06:16,080
as these episodes continue to move forward.

140
00:06:16,080 --> 00:06:17,800
This is gonna get more and more fun.

141
00:06:17,800 --> 00:06:19,600
We'll have more and more engagement as well.

142
00:06:19,600 --> 00:06:21,720
We'll invite people to participate in the show

143
00:06:21,720 --> 00:06:24,080
and thank you for giving us your time and attention.

144
00:06:24,080 --> 00:06:26,800
Have an excellent time building out your vision

145
00:06:26,800 --> 00:06:45,800
and becoming a Vision Pro yourself.

