WEBVTT

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I used to use back in the days when laptop batteries

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didn't last a super long time, and there wasn't

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Wi -Fi everywhere, is I would go to a cafe with

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my laptop and no power adapter and knock it on

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the Wi -Fi. And I'd have a little sticky note

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with like the one to three things I had to get

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done while I was there. So typically where I

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see business owners get blocked, growing from

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a solopreneur to what I call a true business

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owner, is in a few areas. One of those, but here's

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the really important part. Finding out if people

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actually want to solve the problem with the solution

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you have in mind. What if the way you've been

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told to grow your business is exactly what's

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keeping you stuck? Jeremy Shapiro has spent over

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25 years helping entrepreneurs break free from

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burnout, uncover hidden opportunities, and scale

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in ways that actually create freedom. He's a

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serial entrepreneur, a mentor to business owners

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around the world, and the author of the brand

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new book, Your Business Growth Playbook. In this

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episode, Jeremy shares the proven strategies

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to get unstuck, scale profitably, and design

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a business that fuels your life instead of training

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it. If you've ever felt stuck in the grind, this

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conversation might just change everything. Hey

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there. Look, my hope is that the Thravo journey

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meets you exactly where you are and helps you

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rise into who you're here to be. It's 2025, and

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this is your year to thrive despite what the

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world is throwing at us. And our desire is that

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our conversations inspire you, bring clarity,

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and give you a reason to breathe deeper. So our

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ask is that you take a moment to subscribe, download

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the episode, and follow us on your favorite RSS

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platform. Your support doesn't just help the

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show grow, it helps build a space that's rooted

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in your evolution. And that means everything

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to me and the TTJ team. Now... If you're ready

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to go beyond the episodes, come join our private

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Thrive Wheel journey discussion group on Facebook.

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We're walking through a 22 -week series built

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to anchor each week in intention, purpose, and

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meaningful connection. I do so look forward to

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hearing your voice and can't wait to see you

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in the group. But for right now, let's get into

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it. back to the Thrivable Journey. I just want

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to first welcome Jeremy Shapiro. He is coming

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back for the second time here on the Thrivable

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Journey podcast. Jeremy, we just had an amazing

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conversation. How are you doing today? I'm doing

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great. Thank you so much for inviting me back.

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It's great to be here and see how well and wonderfully

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the podcast has grown. Thank you, man. And thank

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you for just who you are and the things that

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you're showing up. for entrepreneurs and people

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in general, you are a gift and I appreciate that.

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And before we dive into business growth and strategies

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that you have to share, I really wanna ask something

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of everyone who's listening, which is, what does

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thriving look like for you right now in your

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work, your health or your relationships? And

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if that's a question that you can't answer, just

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ponder on that as we go through the conversation

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with Jeremy. And, you know, as we always start

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with an intrinsic kind of reflection question,

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Jeremy, how do you personally define thriving,

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both in your business and in your just life?

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You know, it's funny, we do something In our

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family and in business and at the table and with

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friends and before vacations and everything Which

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is this one question that's so close to what

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you're asking right there Which is how do you

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define success and we picked it up from a friend

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of ours years ago? when we're gonna be going

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away to a lake cabin for a weekend and It was

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such a good question because when you figure

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out what success looks like you can know if you've

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hit it And if you don't have that conversation

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ahead of time, then at the end of a trip or the

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end of a meeting or the end of a conference,

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the end of a, you know, whatever you can walk

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away and start ticking off the boxes of what

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didn't happen and what you missed or what you

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wish could have been. And so when you don't know

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what you want or what success looks like, you'll

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never know if you're there. So I just want to

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acknowledge you asking that great question of

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our listeners and of me. It's so good to know

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what that means. Yeah. And what I, what I gather

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from what you just stated is like success looks

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different for everybody. Like you have to define

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what that is for you. And again, it just looks

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different for everybody, right? Yeah. So it could

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be a matter of, you know, one person saying,

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you know, look, it's important to me that, you

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know, I get a hike in and someone else is like,

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I want to make sure, you know, we have big family

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meals together. And someone else says it's important.

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We get to, you know, play games. And once you

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know that, you know, if you make that thing happen,

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everyone's had a great time. And everything beyond

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that is, you know, it's gravy, right? And if

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you're going to a conference, right? When was

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the last time you went to a business conference

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with no plan? And you walk out afterwards with

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ideas and feeling inspired, but like, was it

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a success? Right. When you go in with a plan

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of like, look, I want to meet 10 new partners

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and I want to find 30 new prospects or whatever

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it is. Right. You then know what it looks like

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and how to get from here to there. So it's great.

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But to answer your question. In terms of how

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do I know what thriving looks like? For me, a

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lot of it comes down to a measure of how time

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is used and how restricted or unrestricted my

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time in a given day is. And so thriving for me

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means having an optionality and knowing I get

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to choose what my day looks like and build the

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business and build whatever else I'm doing around

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the schedule that matters for me. around the

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schedule that works for you. So, in our culture,

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and I would say the American culture, people

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have tied success to burnout. How can we separate

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the two so that, you know, like we don't have

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to be burned out to acquire success for ourselves?

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How do you separate the two? You know, there's

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a lot of folks who I think have an identity with

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how busy they are. Right. And we've all got these

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friends. You have a social conversation with

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them and they just go into list mode of all the

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stuff going on and how quadruple committed they

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are at any given time. And on the one hand, that

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seems like a badge of pride, right? To be able

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to show I'm so busy, I'm falling apart of the

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seams. Right. But when you think about the inverse

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of that, how good of a job do you think people

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are doing at any one of those things? If you're

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with your kids and also looking at your phone

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and half responding to an email while also on

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a call, are you fully present on that call? Are

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you present with your kid? Are you writing a

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good email? You're probably doing a terrible

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job at all of those things at the same time.

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So if instead we become less busy but more intentional

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with how we spend our time, and we do simple

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things, we talk about time blocking. And being

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undistracted for a period of time with a single

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objective of what you want to get done in that

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time period, you can do meaningful work in bite

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-sized chunks with every one of those, quote,

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shipping or delivering value. So yeah, we can

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be busy and wear that as a badge of honor. Or

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there's a lot of folks who are quiet about what

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they're working on. And they're intentional about

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what they're working on. And then, and they're

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not wearing that as, you know, as a success symbol,

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but they're successful in their own right. And

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I think for a good reason, because they've chosen

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to take back control of the time and how they

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spend their time. So a couple of things showed

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up for me when you said that there, there are

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what I, what I started to do was on Sunday nights

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before my week starts. So even though It really

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doesn't matter, because a week is a week is a

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week to me. Monday's a Monday. It's not the beginning

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of the week or whatever. But on Sundays, I really

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begin to block out how my days go. Because I

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have businesses, what I want to do is create

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spaces to where I'm intentionally focused on

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that specific thing at that time. You know, I'm

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not overlapping, you know, the the the the businesses

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or whatever it is, but just mentally I'm focused

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on what that one thing is. That then gives me

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space just to be free freed up for that moment

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said I'm not thinking about twelve different

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things at one time. I'm just that's my space.

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That's my block for that one thing and then I

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focus on it and it it helps me out. It helps

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me out. completely. What do you say to people

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that, you know, that are not necessarily they

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they don't, what would you recommend for people

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to do if they have multiple things going on at

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one time, so that they can begin to live that

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hustle free burnout kind of life? You know, the

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idea of trying to balance a bunch of the plates,

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or in our case, right, multiple businesses is

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a very possible thing. Right? Uh, so I've been

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in business now almost 30 years as a serial entrepreneur,

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always in the service of other entrepreneurs.

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I've almost always had multiple businesses running

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at the same time, right? Sometimes different

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teams of people that need to be managed different,

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you know, customers, different projects, different

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product plans, different, everything between

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the businesses. And there are a lot of ways to

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approach it, but the cognitive load of shifting

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between tasks is high, right? You think about

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what it what it takes to ramp it back up and

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get your mind focused on the new task at hand.

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And then how all that bursts and goes away when

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your phone dings or someone walks in your office

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or something comes up. And then you shift gears

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to what that is and that change time is taxing.

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So when we get in that focus time on one thing

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at a time, we do a better job overall. And more

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importantly, we can get the more meaningful projects

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done. So when we talk about prioritization or

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categorizing what needs to get done, there's

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a few ways to approach that. But if we use the

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Eisenhower matrix, for example, one of my favorites,

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one of the categories that you think about is

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the do now, which is where most entrepreneurs

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live. This is the firefighting mode. Everything

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is always to the growing list in front of you

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and you have to do it all. But one of the other

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categories, which is a do later category, is

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really where the bigger opportunities are. Those

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are the things that can change and grow the business,

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but the things you've got to schedule, right?

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You don't come up with your bigger strategic

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plan for the year in little 30 second bites of

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time. That's something that needs concentrated

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focus time. You don't come up with your next

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product plan in little bite size pieces, right?

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So when you think about the things that really

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move your business forward, that takes dedicated

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blocks of time. So just like you're doing, it's

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a practice I use as well, which is blocking out

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the time ahead of time. And figuring out in this

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meeting I have with myself, the one to three,

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I'd say max things I want to get done. And so

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a strategy I used to use back in the days when

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laptop batteries didn't last a super long time.

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And there wasn't Wi Fi everywhere is I would

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go to a cafe with my laptop and no power adapter

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and knock it on the Wi Fi. and I'd have a little

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sticky note with like the one to three things

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I had to get done while I was there. And so the

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distractions of the office or home or anything

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else were gone because I was in a physically

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different environment. Right. I also knew what

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the definition of success was. So I knew what

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I had to get done. And I also had a limited time

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window before the battery died and or before

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I just had to get home or the cafe closed or

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whatnot. So it was. You know, a self enforced

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do or die moment of what had to get done during

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that time. So at some point you've got to ship

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it as business business owners. Like the good

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news is we're we're our own boss. We can call

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the shots. We can set the deadlines. But the

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challenge is we're our own boss and we can move

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the goalpost and change those timelines. Right.

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That is so many business owners get used to this

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idea of like, oh, I didn't get it done. I'll

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just try tomorrow. That undone to do item just

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keeps getting kicked down the road. But if you

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had a flight to catch, you'd make that flight,

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wouldn't you? If you had a meeting with someone,

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you'd show up to that meeting. So somehow we're

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able to show up to things when there's an external

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place, person, accountability, and so on. And

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yet we don't have that self -respect to do that

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for ourselves. And so start flexing that muscle

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and building that habit of setting out to accomplish

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a certain thing in a certain block of time. And

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then you become a machine. You become used to

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it. You build that habit of setting a place in

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a time and a task and getting it done. And it's

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the important work, not just the fire of the

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day. Right. Show up for yourself, right? Bring

00:13:47.000 --> 00:13:49.799
the integrity of your word, not only to help

00:13:49.799 --> 00:13:52.279
other people, but for yourself, like bring integrity

00:13:52.279 --> 00:13:55.580
for you and show up for you so that your business

00:13:55.580 --> 00:13:58.299
can move forward and grow as a human being. Right.

00:13:58.320 --> 00:14:03.100
Yeah. The question I really want to ask you is

00:14:03.100 --> 00:14:04.399
this. Well, there's a lot of questions I'm going

00:14:04.399 --> 00:14:09.179
to ask you in this conversation. But you've worked

00:14:09.179 --> 00:14:11.799
with entrepreneurs, and this is your deal. You

00:14:11.799 --> 00:14:15.960
are an entrepreneur for entrepreneurs. And I

00:14:15.960 --> 00:14:19.720
find myself almost finding myself falling in

00:14:19.720 --> 00:14:26.860
this trap, which is you see solopreneurs fall

00:14:26.860 --> 00:14:29.990
into when they fall into one that's just trying

00:14:29.990 --> 00:14:33.970
to grow their business, and they're always in

00:14:33.970 --> 00:14:39.490
it. What do you see as the most dangerous trap

00:14:39.490 --> 00:14:41.570
for solopreneurs that are trying to grow their

00:14:41.570 --> 00:14:45.409
business and become entrepreneurs? Yeah, so being

00:14:45.409 --> 00:14:47.870
a solopreneur, by the way, is great, right? And

00:14:47.870 --> 00:14:50.549
that's a really good starting point in your business.

00:14:50.990 --> 00:14:53.330
Now, can you grow to a seven figure business

00:14:53.330 --> 00:14:57.210
as a solopreneur? Like, yes, you can. But that

00:14:57.210 --> 00:14:59.009
also means everything is going to block on you.

00:14:59.929 --> 00:15:02.330
So typically where I see business owners get

00:15:02.330 --> 00:15:04.750
blocked, growing from a solopreneur to what I

00:15:04.750 --> 00:15:07.509
call a true business owner, is in a few areas.

00:15:07.970 --> 00:15:11.370
One of those is in this idea of letting someone

00:15:11.370 --> 00:15:14.370
else do something, whether it's a VA, a part

00:15:14.370 --> 00:15:16.789
-time contractor, a part -time employee, full

00:15:16.789 --> 00:15:19.370
-time employee, a team, whatever, right? It's

00:15:19.370 --> 00:15:21.590
this idea of letting go of certain things that

00:15:21.590 --> 00:15:23.970
you're just used to doing or that you should

00:15:23.970 --> 00:15:27.240
do. and allowing someone else to do those on

00:15:27.240 --> 00:15:28.980
behalf of the business so you don't have to,

00:15:29.360 --> 00:15:32.259
right? So sometimes there's a fear of letting

00:15:32.259 --> 00:15:34.879
go. Other times, it's just a lack of systems.

00:15:35.220 --> 00:15:37.500
If you haven't documented how to do the things

00:15:37.500 --> 00:15:41.120
that you do, you might not get the result you're

00:15:41.120 --> 00:15:42.840
looking for when someone else steps in to do

00:15:42.840 --> 00:15:46.000
that, right? So step one, I usually advise folks,

00:15:46.220 --> 00:15:48.679
is to start to document, like, where do you spend

00:15:48.679 --> 00:15:50.779
your time? What are the repeatable things that

00:15:50.779 --> 00:15:53.610
you do again and again in your business? that

00:15:53.610 --> 00:15:55.929
maybe you don't have to block on you, right?

00:15:56.009 --> 00:15:58.149
So for many business owners, that can be things

00:15:58.149 --> 00:16:01.230
like bookkeeping, right? Customer service or

00:16:01.230 --> 00:16:04.809
customer support, onboarding, right? Any of these

00:16:04.809 --> 00:16:07.309
kinds of things that are the same again and again

00:16:07.309 --> 00:16:10.470
and again, you can document down. So first step

00:16:10.470 --> 00:16:12.409
is to just document what it is that you're doing.

00:16:13.509 --> 00:16:15.629
Then follow your own system and you'll realize

00:16:15.629 --> 00:16:17.090
that things you're doing you forgot to write

00:16:17.090 --> 00:16:18.590
down or the things you wrote down that you don't

00:16:18.590 --> 00:16:21.159
actually do and so on. And then you can bring

00:16:21.159 --> 00:16:24.080
someone on and hire them for the role of running

00:16:24.080 --> 00:16:27.460
that system. When you have hires or team members

00:16:27.460 --> 00:16:29.620
you bring on and it's unclear to them what they're

00:16:29.620 --> 00:16:31.740
even trying to do or they're supposed to do or

00:16:31.740 --> 00:16:33.860
what that measurement of success is, like we

00:16:33.860 --> 00:16:36.100
were talking about, that makes it difficult for

00:16:36.100 --> 00:16:37.720
them to know how they're doing what they're supposed

00:16:37.720 --> 00:16:40.179
to do. But if during the hiring process, you're

00:16:40.179 --> 00:16:42.559
going over what the systems and responsibilities

00:16:42.559 --> 00:16:45.460
and definitions of success are, they'll be able

00:16:45.460 --> 00:16:47.620
to know if they're doing a good job. You'll be

00:16:47.620 --> 00:16:49.309
able to know if they're doing a good job. But

00:16:49.309 --> 00:16:51.490
more importantly, they'll be able to get a consistent

00:16:51.490 --> 00:16:54.549
result. And you won't be the one responsible

00:16:54.549 --> 00:16:57.090
for doing that every single day. That starts

00:16:57.090 --> 00:16:59.370
to move you towards that freedom, so that your

00:16:59.370 --> 00:17:01.750
business can grow and be less dependent on you.

00:17:01.809 --> 00:17:04.289
And you get to step out of that hustle space

00:17:04.289 --> 00:17:06.089
that maybe you're used to being in as a business

00:17:06.089 --> 00:17:11.089
owner. Right. You know, you said freedom. I have

00:17:11.089 --> 00:17:15.470
a question here. What can anyone learn from entrepreneurship

00:17:15.470 --> 00:17:17.849
about designing a life that supports freedom

00:17:17.849 --> 00:17:23.089
and purpose? Think about that. But here's, here's

00:17:23.089 --> 00:17:27.789
another area I want to go into. So with business

00:17:27.789 --> 00:17:31.490
now, you have a lot of people who start the business,

00:17:31.730 --> 00:17:34.430
you know, back in the day, you would start a

00:17:34.430 --> 00:17:36.450
business with a business plan. Now, there's a

00:17:36.450 --> 00:17:39.670
lot of entrepreneurs that I know of and partly

00:17:39.670 --> 00:17:42.329
me, that really have an idea. You kind of write

00:17:42.329 --> 00:17:44.970
it down and you try to go after it, but there's

00:17:44.970 --> 00:17:49.569
no true business plan, right? And I'm talking

00:17:49.569 --> 00:17:55.470
really in the world of digital businesses and

00:17:55.470 --> 00:18:00.369
online businesses and things like that. Before

00:18:00.369 --> 00:18:04.009
we get into your book, what do you say to those

00:18:04.009 --> 00:18:09.750
people who are entrepreneurship minded, But they

00:18:09.750 --> 00:18:11.950
don't know back in the day when we used to create

00:18:11.950 --> 00:18:16.069
a business plan, an actual business plan to draw

00:18:16.069 --> 00:18:21.349
from to grow our business. So the plan is important.

00:18:21.789 --> 00:18:25.089
It doesn't need to be as formal as a 20 page

00:18:25.089 --> 00:18:30.289
slide deck, right? Back in the day. Right? Personally,

00:18:30.410 --> 00:18:32.490
I'm a fan of just organizing my thoughts in a

00:18:32.490 --> 00:18:34.910
document, right? Just a bullet list, a few indentations,

00:18:35.009 --> 00:18:38.029
just getting stuff out of my head and into a

00:18:38.029 --> 00:18:40.920
document. helps me to just organize what I'm

00:18:40.920 --> 00:18:44.579
going after. But I'm really a fan of like shipping

00:18:44.579 --> 00:18:47.880
an MVP and delivering some value as early as

00:18:47.880 --> 00:18:50.920
possible. So like my development processes, typically

00:18:50.920 --> 00:18:53.839
I have a hair brand idea. I think it sounds neat.

00:18:54.140 --> 00:18:56.500
I want to buy it myself. I get all excited as

00:18:56.500 --> 00:18:59.859
entrepreneurs do. And I get the ideas down on

00:18:59.859 --> 00:19:01.500
paper and then I do a little research to see

00:19:01.500 --> 00:19:03.730
what the marketplace is like. And sometimes I

00:19:03.730 --> 00:19:05.849
find there are businesses that serve that space

00:19:05.849 --> 00:19:07.950
I didn't even know about that would totally solve

00:19:07.950 --> 00:19:10.309
the problem of doing a good job. So that tells

00:19:10.309 --> 00:19:12.430
me, hey, it's not a great business idea. It's

00:19:12.430 --> 00:19:14.069
being solved. I can go pay someone else to get

00:19:14.069 --> 00:19:16.650
the solution I want. Right. Other times I'll

00:19:16.650 --> 00:19:18.130
see that their company is trying to solve it

00:19:18.130 --> 00:19:20.589
and doing not a very good job or they don't have

00:19:20.589 --> 00:19:22.029
the angle I'm looking for. And so that tells

00:19:22.029 --> 00:19:24.410
me there might be an opportunity. Ideally, I

00:19:24.410 --> 00:19:25.930
find out that like no one's solving this and

00:19:25.930 --> 00:19:28.529
it's an unsolved problem. And that's really great

00:19:28.529 --> 00:19:30.789
because that can be a good opportunity. But here's

00:19:30.789 --> 00:19:34.279
the really important part. Finding out if people

00:19:34.279 --> 00:19:37.779
actually want to solve the problem with the solution

00:19:37.779 --> 00:19:40.559
you have in mind. And so, you know, I think back

00:19:40.559 --> 00:19:42.660
to there's this really high -end mastermind group

00:19:42.660 --> 00:19:45.859
that I was part of and I had an idea for a business

00:19:45.859 --> 00:19:49.019
that would solve a need that my business at the

00:19:49.019 --> 00:19:51.880
time had. And the question was like, do I go

00:19:51.880 --> 00:19:54.400
start this new business to solve my current business's

00:19:54.400 --> 00:19:56.240
plans? Because that would like distracting me

00:19:56.240 --> 00:19:58.220
from my current business. And maybe it's not

00:19:58.220 --> 00:20:01.960
a great idea. So who knows? So. They're informally

00:20:01.960 --> 00:20:03.819
literally back of the envelope idea a few notes

00:20:03.819 --> 00:20:06.940
jotted down. I started asking around like, you

00:20:06.940 --> 00:20:08.339
know, here's what I'm thinking of doing to build

00:20:08.339 --> 00:20:11.240
for myself. Like is does this have legs? Is this

00:20:11.240 --> 00:20:13.819
a good idea? And the feedback I got was like,

00:20:13.839 --> 00:20:15.819
no, it's a terrible business idea. But like I

00:20:15.819 --> 00:20:18.500
would totally buy that from you. When can I start

00:20:18.500 --> 00:20:21.279
paying you for that solution? And I'm like, wait

00:20:21.279 --> 00:20:24.319
a minute, I'm hearing two things, right? The

00:20:24.319 --> 00:20:27.500
key complaint from folks was that it was too

00:20:27.500 --> 00:20:29.460
small of an addressable market. Which was fair.

00:20:29.519 --> 00:20:31.960
It was a really, really small niche. However,

00:20:32.140 --> 00:20:33.660
like most of these folks were in that niche.

00:20:34.359 --> 00:20:37.099
So what I was hearing was I was going to be solving

00:20:37.099 --> 00:20:39.920
a problem that a bunch of us had. It just wasn't

00:20:39.920 --> 00:20:42.019
a huge market. It wasn't going to be, you know,

00:20:42.440 --> 00:20:44.279
a nine, 10 figure business. Here on the Thrival

00:20:44.279 --> 00:20:46.940
Journey, we talk a lot about not just surviving,

00:20:47.460 --> 00:20:50.359
but thriving. And a big part of that for me has

00:20:50.359 --> 00:20:52.920
been understanding my health on a deeper level.

00:20:53.160 --> 00:20:55.460
That's why I partnered with Livegood and brought

00:20:55.460 --> 00:20:58.450
it under my company, Orion's Health. Not just

00:20:58.450 --> 00:21:00.410
because I believe in the products, but because

00:21:00.410 --> 00:21:03.470
I've seen what they can do firsthand. I've walked

00:21:03.470 --> 00:21:05.769
through some hard health chapters in my life,

00:21:06.109 --> 00:21:09.190
including cancer and a kidney transplant. And

00:21:09.190 --> 00:21:12.490
I know what it feels like when your body's working

00:21:12.490 --> 00:21:15.430
against you. That's why we're offering two free

00:21:15.430 --> 00:21:18.650
tools that help me and can help you too. First,

00:21:18.829 --> 00:21:22.529
go to MyFreeHealthReport .com for slash Orients

00:21:22.529 --> 00:21:25.029
Health. Take our quick health questionnaire and

00:21:25.029 --> 00:21:27.470
get a personalized report created by Dr. Ryan

00:21:27.470 --> 00:21:29.910
Goodkin, Livegood's Director of Product Development.

00:21:30.390 --> 00:21:33.910
It's clear, actionable, and totally free. Second,

00:21:34.109 --> 00:21:37.829
visit MyFreeDetox .com and get a free chlorophyll

00:21:37.829 --> 00:21:40.470
and zeolite detox bottle with your first product

00:21:40.470 --> 00:21:43.369
order. It's a gentle, natural way to clear out

00:21:43.369 --> 00:21:45.849
toxins and start fresh, something I personally

00:21:45.849 --> 00:21:49.609
use and stand behind. This isn't just a sponsorship.

00:21:49.750 --> 00:21:51.730
It's part of my mission through Orion's Health.

00:21:51.880 --> 00:21:55.460
to help people thrive in body, mind and spirit.

00:21:55.980 --> 00:21:58.339
Of course, of course, always, always, always

00:21:58.339 --> 00:22:00.500
consult your physician before starting any new

00:22:00.500 --> 00:22:02.920
supplement or health regimen. Your body is unique

00:22:02.920 --> 00:22:05.160
and your health care provider should always be

00:22:05.160 --> 00:22:07.500
part of the conversation. The links are in the

00:22:07.500 --> 00:22:10.380
show notes. Now tap in and take your next step

00:22:10.380 --> 00:22:13.259
toward thriving. But it absolutely would have

00:22:13.259 --> 00:22:17.000
customers. And so I knew I had people who'd be

00:22:17.000 --> 00:22:19.119
interested in beta testing or giving early feedback.

00:22:19.460 --> 00:22:21.619
So I was able to ship a really early version

00:22:21.799 --> 00:22:24.460
that I could start using and these folks could

00:22:24.460 --> 00:22:27.500
start using and get it to the point where it

00:22:27.500 --> 00:22:30.660
was ready to share with the world. And the day

00:22:30.660 --> 00:22:33.500
I launched, all those existing beta customers

00:22:33.500 --> 00:22:36.380
of mine were able to become paying customers.

00:22:36.880 --> 00:22:40.019
So before I had any expenses for the CRM or for

00:22:40.019 --> 00:22:41.720
marketing or any of these things, before any

00:22:41.720 --> 00:22:44.460
of those expenses came due, I already had new

00:22:44.460 --> 00:22:46.940
revenue coming in the door from customers who

00:22:46.940 --> 00:22:48.359
had been using the product since before it was

00:22:48.359 --> 00:22:52.069
ready for release. So I tested the earliest version

00:22:52.069 --> 00:22:55.609
possible out to validate it by doing some research,

00:22:56.130 --> 00:22:58.609
revising the product based on what the market

00:22:58.609 --> 00:23:01.950
was looking for so that when I launched, it was

00:23:01.950 --> 00:23:04.650
cashflow positive since day one, which is a theme.

00:23:04.670 --> 00:23:06.650
Almost all my businesses, I look to find how

00:23:06.650 --> 00:23:08.890
I can be cashflow positive on day one of launching

00:23:08.890 --> 00:23:11.789
the business. And the only way you do that is

00:23:11.789 --> 00:23:14.910
by shortening the cycle to test your idea out,

00:23:15.869 --> 00:23:18.190
to validate against real potential customers.

00:23:18.430 --> 00:23:21.910
And then C, is that true based on if they're

00:23:21.910 --> 00:23:24.569
actually willing to, for real, pay for the idea

00:23:24.569 --> 00:23:26.730
you have and get it off the ground? And that's

00:23:26.730 --> 00:23:30.069
a model I've used again and again. Yeah, that's

00:23:30.069 --> 00:23:34.650
a great approach. I mean, you've been doing businesses,

00:23:34.710 --> 00:23:38.910
what, you're like 10? High school, I had my first,

00:23:38.990 --> 00:23:41.430
I would say real business then, meaning generating

00:23:41.430 --> 00:23:43.150
revenue, building out a team, you know, scaling

00:23:43.150 --> 00:23:45.089
up a business, systems, and all the things we're

00:23:45.089 --> 00:23:47.859
talking about. But ever since then, yeah, almost

00:23:47.859 --> 00:23:51.519
30 years now. So that's, that's a great approach.

00:23:52.440 --> 00:23:54.759
Um, for people, cause you know, I think people

00:23:54.759 --> 00:23:56.660
get the idea of wanting to start a business.

00:23:56.960 --> 00:23:59.960
They don't really know if it's a problem that

00:23:59.960 --> 00:24:04.299
should be solved. It may be a great idea or something.

00:24:04.539 --> 00:24:07.559
Some people may want what they're trying to create,

00:24:07.559 --> 00:24:09.880
but it may not just be, it may not be a business

00:24:09.880 --> 00:24:13.880
business itself. Um, so testing is a really.

00:24:14.089 --> 00:24:16.109
really good solid approach to, you know, figuring

00:24:16.109 --> 00:24:18.549
out for themselves. And I want to differentiate

00:24:18.549 --> 00:24:20.509
there, though. There's a difference between like,

00:24:20.509 --> 00:24:23.809
you know, focus groups, right? And true testing,

00:24:24.109 --> 00:24:26.910
right? The difference is like a focus group or

00:24:26.910 --> 00:24:30.490
asking informally gives you a signal. You're

00:24:30.490 --> 00:24:32.450
on to something. Someone's like, Oh, yeah, sure.

00:24:32.589 --> 00:24:35.789
I would buy that or oh, that's a valuable idea

00:24:35.789 --> 00:24:38.809
to me. That is a good positive signal. You're

00:24:38.809 --> 00:24:40.549
on the right track, but that's still very different

00:24:40.549 --> 00:24:42.569
than when someone puts a credit card down and

00:24:42.569 --> 00:24:45.230
actually transacts with you. So for me, that's

00:24:45.230 --> 00:24:48.210
always a good signal. I had a business, even

00:24:48.210 --> 00:24:51.109
before the one we were just talking about, where

00:24:51.109 --> 00:24:53.789
we were getting the website online. We weren't

00:24:53.789 --> 00:24:55.809
even ready to accept credit cards and take orders.

00:24:56.150 --> 00:24:59.210
And we had people like buying. And we weren't

00:24:59.210 --> 00:25:02.049
ready to start delivering. And so that was this

00:25:02.049 --> 00:25:05.089
really encouraging signal of people were already

00:25:05.089 --> 00:25:07.049
starting to buy from us. And the product wasn't

00:25:07.049 --> 00:25:08.690
even fully launched. The website wasn't even

00:25:08.690 --> 00:25:11.819
fully online. To this day, I still have no idea

00:25:11.819 --> 00:25:14.579
how they even found us. But we were getting real

00:25:14.579 --> 00:25:16.519
customers who were then circling back after purchasing,

00:25:16.819 --> 00:25:19.799
hey, when can I get access to the service? And

00:25:19.799 --> 00:25:23.420
it was great to get that early validation. So

00:25:23.420 --> 00:25:27.339
look for not just the market research question,

00:25:27.779 --> 00:25:30.720
but actual customers to transact and buy. That

00:25:30.720 --> 00:25:33.279
is how you know you've got an interested customer

00:25:33.279 --> 00:25:39.980
base. There you go. You have been an employer,

00:25:40.339 --> 00:25:41.880
not an employer, but an entrepreneur, excuse

00:25:41.880 --> 00:25:46.140
me, for entrepreneurs for quite some time. And

00:25:46.140 --> 00:25:48.640
one of the main, one of the reasons why you're

00:25:48.640 --> 00:25:51.420
here today is because you have, you've been working

00:25:51.420 --> 00:25:57.940
on your book and it's not quite out yet, but

00:25:57.940 --> 00:26:00.559
you've been doing something that I've kind of

00:26:00.559 --> 00:26:04.480
been a part of and you've been really getting

00:26:04.480 --> 00:26:09.059
feedback. And I'm shifting this way because this

00:26:09.059 --> 00:26:10.500
is basically what you're doing with the book

00:26:10.500 --> 00:26:15.539
as as you just described getting feedback and

00:26:15.539 --> 00:26:19.299
Really creating something that is valuable to

00:26:19.299 --> 00:26:24.079
people entrepreneurs and people alike and this

00:26:24.079 --> 00:26:27.480
is the your business growth playbook and I'm

00:26:27.480 --> 00:26:30.859
gonna look at Before I go into some of the things

00:26:30.859 --> 00:26:34.579
you have because of the way that you approach

00:26:35.960 --> 00:26:39.940
putting your book out, you've gotten some feedback.

00:26:41.380 --> 00:26:45.339
One from one of our mutual partners that we know,

00:26:45.420 --> 00:26:49.720
which is Alex Sanfilippo from PodMatch, and it

00:26:49.720 --> 00:26:52.200
says, your business growth playbook is exactly

00:26:52.200 --> 00:26:55.779
that. A playbook for smart business owners that

00:26:55.779 --> 00:26:58.700
helps them avoid the hustle while achieving greater

00:26:58.700 --> 00:27:03.619
results. Jeremy, you. is helping entrepreneurs

00:27:03.619 --> 00:27:08.339
step out of the struggle and into scale. And

00:27:08.339 --> 00:27:13.099
there's just many, many, many other reviews that

00:27:13.099 --> 00:27:22.539
I've gotten praise for your book. And first of

00:27:22.539 --> 00:27:26.079
all, it was cool to be a part of it. And from

00:27:26.079 --> 00:27:30.859
the book itself to the the cover book and the

00:27:30.859 --> 00:27:35.920
cover of the book and everything. What inspired

00:27:35.920 --> 00:27:39.119
you to write the book? And did you write it just

00:27:39.119 --> 00:27:40.859
for entrepreneurs or who did you write it for?

00:27:41.660 --> 00:27:44.579
Yeah. So first of all, thank you for asking that.

00:27:45.460 --> 00:27:48.900
It's been an incredibly educational journey.

00:27:49.579 --> 00:27:51.640
Before you and I hopped in the studio, we were

00:27:51.640 --> 00:27:53.579
having a conversation and just talking about,

00:27:53.579 --> 00:27:55.799
you know, personal growth, all the things we

00:27:55.799 --> 00:27:57.720
learn, right? We're all students of life growing

00:27:57.720 --> 00:28:00.200
every day, sometimes not knowing where the journey

00:28:00.200 --> 00:28:03.359
will be until we jump in there. So if we look

00:28:03.359 --> 00:28:06.519
back, let me ask a few of your questions here

00:28:06.519 --> 00:28:10.700
together. The idea for the book has been there

00:28:10.700 --> 00:28:12.579
for a while, right? There's strategies I've been

00:28:12.579 --> 00:28:15.059
using with clients and with businesses and in

00:28:15.059 --> 00:28:17.900
my own businesses for almost 30 years. And I

00:28:17.900 --> 00:28:20.380
realized when I look back thematically that there

00:28:20.380 --> 00:28:22.400
was like the same playbook of strategies I draw

00:28:22.400 --> 00:28:25.819
from. There's three variable formula, and there

00:28:25.819 --> 00:28:29.420
are strategies that you can use to improve each

00:28:29.420 --> 00:28:31.059
one of those three variables in the equation

00:28:31.059 --> 00:28:34.079
to increase overall revenue and profits in a

00:28:34.079 --> 00:28:36.819
business. So when I looked at that playbook that

00:28:36.819 --> 00:28:40.519
was in my mind, I realized I could codify this.

00:28:40.579 --> 00:28:42.539
I could put this on paper. And that way, when

00:28:42.539 --> 00:28:44.420
people are feeling stuck in their business and

00:28:44.420 --> 00:28:46.640
wanting to get back to growth, there's something

00:28:46.640 --> 00:28:50.019
they can read that's tactical that they can go

00:28:50.019 --> 00:28:53.119
use. There's a lot of books, and we've all read

00:28:53.119 --> 00:28:55.819
these, where they get you excited with the why,

00:28:56.180 --> 00:28:58.359
and they may even get into the what, but then

00:28:58.359 --> 00:29:01.000
they kind of hold back and don't actually tell

00:29:01.000 --> 00:29:03.880
you the how. And as a reader, I always found

00:29:03.880 --> 00:29:06.180
that frustrating. You get all hot and bothered

00:29:06.180 --> 00:29:08.000
and excited, and then you don't have anything

00:29:08.000 --> 00:29:11.259
to do with that energy. So for me, the books

00:29:11.259 --> 00:29:13.839
I've always loved are the tactical ones that

00:29:13.839 --> 00:29:15.900
show me what to do and tell me the how. So that

00:29:15.900 --> 00:29:17.880
was really, really important for me to have in

00:29:17.880 --> 00:29:20.319
this. And this is why your business growth playbook,

00:29:20.490 --> 00:29:23.529
has that word playbook in there. This is like

00:29:23.529 --> 00:29:25.029
a playbook. You can flip through the section

00:29:25.029 --> 00:29:27.589
you need, use one of the strategies, rinse and

00:29:27.589 --> 00:29:30.309
repeat. And so as I got into this whole book

00:29:30.309 --> 00:29:33.089
writing journey, I learned a ton. One of the

00:29:33.089 --> 00:29:35.630
things was we talk in business about having your

00:29:35.630 --> 00:29:38.490
ideal customer profile, your ICP, or knowing

00:29:38.490 --> 00:29:43.210
who your ideal customer is. This lets you adjust

00:29:43.210 --> 00:29:45.349
your marketing copy to them, your products, your

00:29:45.349 --> 00:29:48.009
services, your languaging, your everything. And

00:29:48.009 --> 00:29:51.210
so for a book, that's the same thing. But in

00:29:51.210 --> 00:29:53.029
book writing parlance, that's what we call your

00:29:53.029 --> 00:29:55.410
reader profile, knowing who it is you want to

00:29:55.410 --> 00:29:59.069
read your book. So I knew who that would be,

00:29:59.150 --> 00:30:01.670
which, to your question, is an established business

00:30:01.670 --> 00:30:06.690
owner. They've seen success. They have proven

00:30:06.690 --> 00:30:09.950
sales process. People are buying their product.

00:30:10.269 --> 00:30:12.960
But what got them to where they are now, isn't

00:30:12.960 --> 00:30:15.460
getting them the next step, right? They've plateaued

00:30:15.460 --> 00:30:17.740
and they want to get back to growth and they're

00:30:17.740 --> 00:30:19.259
looking for that breakthrough. Like how do I

00:30:19.259 --> 00:30:22.180
get back to the exciting growth that was so fun

00:30:22.180 --> 00:30:25.599
and supportive and energizing earlier on in my

00:30:25.599 --> 00:30:29.799
business and isn't working anymore, right? So

00:30:29.799 --> 00:30:32.900
I flushed out that profile and then I did this

00:30:32.900 --> 00:30:34.880
editor process we've been talking about. I reached

00:30:34.880 --> 00:30:37.529
out to my audience and I asked like, hey, Here's

00:30:37.529 --> 00:30:39.190
what I've got for my reader profile. How does

00:30:39.190 --> 00:30:41.210
this resonate with you? What did I miss? What

00:30:41.210 --> 00:30:43.130
do you like? What don't you like? And so on.

00:30:43.609 --> 00:30:46.109
And I got some really great feedback about a

00:30:46.109 --> 00:30:48.470
word being confusing or something not being well

00:30:48.470 --> 00:30:51.250
-defined enough. So for example, I'd originally

00:30:51.250 --> 00:30:54.609
said this was for founders. And then I had someone

00:30:54.609 --> 00:30:58.710
say to me, look, here's founder A, right? They've

00:30:58.710 --> 00:31:01.470
got a nine figure business and a hundred person

00:31:01.470 --> 00:31:05.230
team. And here's founder B, they've got one person

00:31:05.230 --> 00:31:07.759
on their team. Are they both going to use the

00:31:07.759 --> 00:31:10.779
book in the same way? Like, is that who you're

00:31:10.779 --> 00:31:12.700
writing for? And so I took the feedback to heart

00:31:12.700 --> 00:31:14.700
and sort of dialed in all these little pieces

00:31:14.700 --> 00:31:17.700
for exactly who this is. And then this whole

00:31:17.700 --> 00:31:20.000
publishing process, writing this book for the

00:31:20.000 --> 00:31:21.940
audience has been iterative, just like we've

00:31:21.940 --> 00:31:23.720
been talking about with like this MVP of a product

00:31:23.720 --> 00:31:26.819
and incrementally shipping. Instead of just creating

00:31:26.819 --> 00:31:28.559
a book and shipping it to the world and hoping

00:31:28.559 --> 00:31:31.519
people like it, I've invited folks to join me

00:31:31.519 --> 00:31:33.680
on that journey and get early access to that

00:31:33.680 --> 00:31:37.339
manuscript. and start giving feedback and reading

00:31:37.339 --> 00:31:40.940
the entire manuscript and telling me what's confusing,

00:31:41.339 --> 00:31:44.319
what's been helpful, what their thoughts were,

00:31:44.720 --> 00:31:46.660
what they would change, what they didn't like,

00:31:46.680 --> 00:31:50.460
what was slow, what needs more. And so having

00:31:50.460 --> 00:31:52.440
that feedback before it's ready for an editor

00:31:52.440 --> 00:31:55.380
was so, so valuable. So by the time it went to

00:31:55.380 --> 00:31:58.019
an editor, I had a manuscript that had been read

00:31:58.019 --> 00:32:01.319
by my ideal reader that I'd already gotten the

00:32:01.319 --> 00:32:04.869
feedback on. So now... with a physical book in

00:32:04.869 --> 00:32:07.549
hand, it's not a first draft. It's been refined

00:32:07.549 --> 00:32:11.470
by my ideal readers in mass and perfected me

00:32:11.470 --> 00:32:14.250
and then gone through editing and then actually,

00:32:14.250 --> 00:32:16.849
you know, gone and shipped. And the other piece

00:32:16.849 --> 00:32:19.670
that which I love is all that early feedback

00:32:19.670 --> 00:32:22.329
I've been getting through that process. These

00:32:22.329 --> 00:32:24.890
are early reviews. These are people who have

00:32:24.890 --> 00:32:26.849
enjoyed what they've read and want to share that

00:32:26.849 --> 00:32:29.369
early feedback with me, which I'll tell you,

00:32:30.250 --> 00:32:32.190
they the entrepreneurial journey can be lonely

00:32:32.190 --> 00:32:34.490
at times. Right. Especially in the publishing

00:32:34.490 --> 00:32:36.210
space, we think of writers out, you know, by

00:32:36.210 --> 00:32:38.410
the lake, typing a typewriter overlooking, you

00:32:38.410 --> 00:32:40.910
know, the dock, right? Right. It's always so

00:32:40.910 --> 00:32:44.049
the writers are always idealized as a solo pursuit.

00:32:44.130 --> 00:32:46.309
And so to have people providing feedback has

00:32:46.309 --> 00:32:48.930
been so supportive and encouraging along the

00:32:48.930 --> 00:32:51.509
way. And it's validating to know that my message

00:32:51.509 --> 00:32:53.369
is resonating and that this has been helpful

00:32:53.369 --> 00:32:56.769
to people. And that's really helpful to get a

00:32:56.769 --> 00:33:01.950
launch just right. Yeah. extremely different

00:33:01.950 --> 00:33:05.490
than, and I say extremely different because a

00:33:05.490 --> 00:33:08.970
lot of people say, turn your podcast into a book,

00:33:09.349 --> 00:33:12.910
but you turn your book, which is not out yet,

00:33:12.910 --> 00:33:19.450
it will be here this September, correct? But

00:33:19.450 --> 00:33:23.309
you turn your book, your playbook into a podcast.

00:33:26.529 --> 00:33:30.170
And like that was opposite of what is pretty

00:33:30.170 --> 00:33:33.670
like not written, but, you know, kind of state

00:33:33.670 --> 00:33:38.490
it. So what made you do that? As opposed to,

00:33:38.509 --> 00:33:39.730
you know, the other way around. I don't think

00:33:39.730 --> 00:33:41.829
you had a podcast. So that's one thing. Yeah.

00:33:41.930 --> 00:33:45.369
So, you know, I've been invited on to and been

00:33:45.369 --> 00:33:46.950
a guest on, you know, well over 100 podcasts

00:33:46.950 --> 00:33:49.210
and very often hosts will ask me like, well,

00:33:49.230 --> 00:33:51.869
how come you don't have a podcast? Right. And

00:33:51.869 --> 00:33:55.190
it's not something I was looking to do per se.

00:33:55.269 --> 00:33:57.309
I've had ideas for podcasts. But, you know, when

00:33:57.309 --> 00:34:00.039
we're talking about time blocking before, right?

00:34:00.079 --> 00:34:02.220
It's important to know what it is you want to

00:34:02.220 --> 00:34:04.579
create and build and what the time commitment

00:34:04.579 --> 00:34:07.740
will be for that. You know, I'm known for saying

00:34:07.740 --> 00:34:11.079
no to a lot of things, but when I say yes, I'm

00:34:11.079 --> 00:34:13.940
saying yes, 110%. So like, I do a lot of great

00:34:13.940 --> 00:34:16.300
volunteer work, which the prize for that, by

00:34:16.300 --> 00:34:17.900
the way, is you get asked to do more volunteer

00:34:17.900 --> 00:34:21.239
work, which is wonderful. And I appreciate being

00:34:21.239 --> 00:34:23.400
asked, but I'm really clear on like, if something

00:34:23.400 --> 00:34:25.920
is in my area of genius, then yes, I'll make

00:34:25.920 --> 00:34:28.550
the time and I'll be amazing at that. But if

00:34:28.550 --> 00:34:30.090
it's kind of off base, you're just looking for

00:34:30.090 --> 00:34:32.030
a warm body, like there'll be better people who

00:34:32.030 --> 00:34:34.889
can do a better job and can commit the time,

00:34:35.250 --> 00:34:37.550
like save the ask for when I can really over

00:34:37.550 --> 00:34:40.329
deliver and be, you know, be really great with

00:34:40.329 --> 00:34:42.309
that. So in the same way, while working on the

00:34:42.309 --> 00:34:45.269
book to also then be putting together a podcast

00:34:45.269 --> 00:34:48.210
and running my businesses and so on, didn't make

00:34:48.210 --> 00:34:50.030
a whole lot of sense. And the direction I wanted

00:34:50.030 --> 00:34:52.050
to go with the podcast wasn't really congruent

00:34:52.050 --> 00:34:54.769
with what I was working on with the book. But

00:34:54.769 --> 00:34:58.210
over the summer things sort of gelled and I realized

00:34:58.210 --> 00:35:01.690
that you know I now have people using these strategies

00:35:01.690 --> 00:35:03.769
that I have in your business growth playbook

00:35:03.769 --> 00:35:07.489
in their own business and I know people past

00:35:07.489 --> 00:35:09.429
clients and people I've worked with mastermind

00:35:09.429 --> 00:35:12.949
members and so on where they have used the strategies

00:35:12.949 --> 00:35:15.650
that I talk about in the playbook before is codified

00:35:15.650 --> 00:35:18.030
and They've seen great success and breakthroughs

00:35:18.030 --> 00:35:20.380
in their business. So That's when I realized

00:35:20.380 --> 00:35:22.880
it kind of clicked. Oh my gosh. What if I bring

00:35:22.880 --> 00:35:25.239
people on to talk about their journey as a business

00:35:25.239 --> 00:35:28.760
owner where they got stuck and then how they

00:35:28.760 --> 00:35:32.460
broke through because I'm a tactical guy. I like

00:35:32.460 --> 00:35:35.179
the blueprint and the plan, but I also know a

00:35:35.179 --> 00:35:37.579
lot of people really like the stories and seeing

00:35:37.579 --> 00:35:39.159
that the journeys and identifying with other

00:35:39.159 --> 00:35:40.880
people who've been through what they're going

00:35:40.880 --> 00:35:43.340
through because you know, we listen to podcasts.

00:35:43.699 --> 00:35:45.559
We hear people's stories and we say, oh my gosh.

00:35:46.000 --> 00:35:49.139
That was me too, or I hope that'll be me or I'm

00:35:49.139 --> 00:35:51.900
glad that wasn't me right like we can suddenly

00:35:51.900 --> 00:35:53.820
Connect with stories in a whole nother level

00:35:53.820 --> 00:35:57.079
and this is you know my way of bringing these

00:35:57.079 --> 00:36:00.400
these tactics to life Through people's real -world

00:36:00.400 --> 00:36:02.420
stories or breakthroughs in their very own business.

00:36:03.000 --> 00:36:05.380
Yeah, you talk about the the left brain the right

00:36:05.380 --> 00:36:10.000
brain in the intro or the The first chapter.

00:36:10.159 --> 00:36:14.900
I'm not really sure Expound on that a little

00:36:14.900 --> 00:36:18.250
bit Yeah, so some of us connect with stories

00:36:18.250 --> 00:36:20.590
and we, you know, like a fable, right? Like why

00:36:20.590 --> 00:36:22.349
do fables exist and why do these stories that

00:36:22.349 --> 00:36:23.869
have been around for hundreds of thousands of

00:36:23.869 --> 00:36:26.969
years persist? It's because there's stories that

00:36:26.969 --> 00:36:28.710
are passed down verbally and then, you know,

00:36:28.869 --> 00:36:31.690
written down and so on that that teach a point.

00:36:31.849 --> 00:36:33.869
This is how we used to teach us through stories

00:36:33.869 --> 00:36:35.750
because we remember the emotional connection

00:36:35.750 --> 00:36:39.170
we have to the stories, right? Right. There's

00:36:39.170 --> 00:36:42.130
the saying, you know, facts tell stories sell.

00:36:42.769 --> 00:36:45.230
Right. You know that the sale is made emotionally,

00:36:45.250 --> 00:36:50.130
but then justified logically. So for me, like

00:36:50.130 --> 00:36:53.869
I enjoy a story, but I tend to make decisions

00:36:53.869 --> 00:36:56.010
far more logically. And I want to see the playbook

00:36:56.010 --> 00:36:58.090
and the tactics and all that. Right. But I also

00:36:58.090 --> 00:37:00.909
know that I'm not necessarily my own reader,

00:37:01.309 --> 00:37:02.650
which by the way, for our listeners, there's

00:37:02.650 --> 00:37:05.590
a really important lesson. Recognize that typically

00:37:05.590 --> 00:37:07.949
in your business, you're not your own customer.

00:37:08.489 --> 00:37:12.090
Right, you have so much more knowledge in the

00:37:12.090 --> 00:37:14.789
stuff you specialize in than your customers probably

00:37:14.789 --> 00:37:17.269
do and you can't always speak at your level because

00:37:17.269 --> 00:37:20.050
that might not be where they are and you also

00:37:20.050 --> 00:37:22.590
By definition of you doing the thing you're doing

00:37:22.590 --> 00:37:24.530
would not be the kind of person who would buy

00:37:24.530 --> 00:37:27.269
the thing that you're offering So just remember

00:37:27.269 --> 00:37:29.469
that you're serving an audience. That's not you

00:37:29.469 --> 00:37:32.389
and you got to speak to what works for them So

00:37:32.389 --> 00:37:37.239
stories are a great way to make a point And then

00:37:37.239 --> 00:37:39.940
you can reinforce that. So one of the things

00:37:39.940 --> 00:37:42.239
I do as an author is at the end of each one of

00:37:42.239 --> 00:37:46.420
the tactics in the playbook, I've got an action

00:37:46.420 --> 00:37:48.380
box. And it sort of sums up everything you've

00:37:48.380 --> 00:37:50.460
just read and puts it in the tactics that I like

00:37:50.460 --> 00:37:53.300
at the end of a chapter in the form of a few

00:37:53.300 --> 00:37:55.320
questions. This is like the coach and me coming

00:37:55.320 --> 00:37:58.800
out. I ask a few questions that get you thinking

00:37:58.800 --> 00:38:00.639
about what was just covered in that chapter.

00:38:01.099 --> 00:38:03.780
So you can read the story. You can see the examples.

00:38:04.199 --> 00:38:07.179
You can relate to a tactic. And then I give you

00:38:07.179 --> 00:38:09.900
the thought question to either inspire you to

00:38:09.900 --> 00:38:11.699
write down the action item of what you'll do

00:38:11.699 --> 00:38:14.000
or if you to journal about or for you to really

00:38:14.000 --> 00:38:19.480
digest what you've just taken. Now that's important

00:38:19.480 --> 00:38:22.260
because you're actually not only reading and

00:38:22.260 --> 00:38:25.199
reading is great reading this fundamental, but

00:38:25.199 --> 00:38:29.820
you also get the the tactics like you saying

00:38:29.820 --> 00:38:32.900
to really apply some of these strategies and

00:38:32.900 --> 00:38:34.980
one of the strategies that you talked about.

00:38:35.519 --> 00:38:37.239
is let's talk about the first chapter, which

00:38:37.239 --> 00:38:40.760
is the biggest obstacle to growth and profit.

00:38:40.780 --> 00:38:44.500
And one of the stories that you that you that

00:38:44.500 --> 00:38:48.940
you used in here was the story of the wagoner

00:38:48.940 --> 00:38:51.780
in Hercules. Yeah. I really like that. Can you

00:38:51.780 --> 00:38:56.179
expound on that for people so that just expound

00:38:56.179 --> 00:38:59.340
on that? And then I'll ask later. Sure. So we've,

00:38:59.340 --> 00:39:00.980
we've heard the phrase, you know, feeling stuck

00:39:00.980 --> 00:39:04.579
in a rut before. And you know, I sort of I knew

00:39:04.579 --> 00:39:08.260
what that meant, but when I was researching putting

00:39:08.260 --> 00:39:10.280
things together for the book and found the story

00:39:10.280 --> 00:39:12.820
of Hercules in the Wagoneer, it all clicked for

00:39:12.820 --> 00:39:16.900
me. So the story is that there's this guy out

00:39:16.900 --> 00:39:19.320
there. He's got a cart with his two oxen are

00:39:19.320 --> 00:39:21.039
pulling it and he's going along on this road.

00:39:22.820 --> 00:39:25.219
And what do you know? But the cart sort of veers

00:39:25.219 --> 00:39:27.519
off the road, the oxen or lettuce tray, who knows?

00:39:28.019 --> 00:39:30.659
And the wagon gets stuck in this little rut on

00:39:30.659 --> 00:39:33.239
the side of the road. And, you know, the wheel

00:39:33.239 --> 00:39:37.380
is, you know, jammed up there. And so this wagging

00:39:37.380 --> 00:39:40.039
or the guy who drives this wagon gets off and

00:39:40.039 --> 00:39:42.480
is, you know, all distraught because he's literally

00:39:42.480 --> 00:39:46.699
stuck in a rut and praise to Hercules. And he's

00:39:46.699 --> 00:39:49.400
like, ah, like, help me out. Like, I'm stuck

00:39:49.400 --> 00:39:51.800
in this rut. So Hercules comes down and looks

00:39:51.800 --> 00:39:54.699
at this guy who's who's done nothing to fix his

00:39:54.699 --> 00:39:57.280
problem. Right. He's gotten into a situation

00:39:57.280 --> 00:39:59.360
that he didn't necessarily put himself into that

00:39:59.360 --> 00:40:02.000
was out of his control. But instead of doing

00:40:02.000 --> 00:40:03.860
something about it, he just stops and sort of

00:40:03.860 --> 00:40:05.500
throws up his hands literally to the sky and

00:40:05.500 --> 00:40:08.440
is like, help me out of this rut. So Hercules

00:40:08.440 --> 00:40:10.820
is like, come on, man, like you didn't even do

00:40:10.820 --> 00:40:13.480
anything. Like, did you urge your oxen to pull

00:40:13.480 --> 00:40:15.480
the cart to try and get it forward? Did you lean

00:40:15.480 --> 00:40:17.199
in and put a shoulder into the cart to kind of

00:40:17.199 --> 00:40:20.159
push and help help them out? Like, do something,

00:40:20.500 --> 00:40:22.420
right? Take action and then I can help you out.

00:40:22.920 --> 00:40:25.340
And so the wagoner is like, oh, OK. And so he

00:40:25.340 --> 00:40:26.840
leans in and pushes the cart forward. He's like,

00:40:26.880 --> 00:40:29.219
come on, Oxen, like, let's go and urges them

00:40:29.219 --> 00:40:31.989
while leaning into the cart. And then with that

00:40:31.989 --> 00:40:34.670
effort, and then we imagine some help from Hercules,

00:40:34.829 --> 00:40:38.309
the cart is freed and is on its way. And the

00:40:38.309 --> 00:40:40.670
big takeaway for me in all this is there are

00:40:40.670 --> 00:40:43.670
things out of our control, whether that's a changing

00:40:43.670 --> 00:40:45.929
marketplace or changing customers or just the

00:40:45.929 --> 00:40:49.730
trends or politics or whatever that you don't

00:40:49.730 --> 00:40:53.730
control. What we can do is choose how we react.

00:40:54.010 --> 00:40:55.969
What do we do in that situation? What is the

00:40:55.969 --> 00:41:00.230
action that we take? Because our best ideas Those

00:41:00.230 --> 00:41:03.130
don't drive change, right? When we go to a conference,

00:41:03.429 --> 00:41:05.110
when we hear a speaker, when we watch a video

00:41:05.110 --> 00:41:07.789
or hear a podcast and we feel great and we feel

00:41:07.789 --> 00:41:11.690
inspired, that's good. But then what do you do

00:41:11.690 --> 00:41:14.050
with that? What's the action you take from there?

00:41:14.690 --> 00:41:18.130
And so if you take your ideas and then put it

00:41:18.130 --> 00:41:20.130
into action, that's how you see a result. If

00:41:20.130 --> 00:41:22.110
you lean into that cart and you push it and urge

00:41:22.110 --> 00:41:24.590
those auction forward, well, that's how you drive

00:41:24.590 --> 00:41:27.610
change is by doing something. So whatever book

00:41:27.610 --> 00:41:30.269
you read, whatever podcast you listen to, however

00:41:30.269 --> 00:41:33.030
inspired you are, make sure you write down like

00:41:33.030 --> 00:41:34.670
what your action plan is and what you plan to

00:41:34.670 --> 00:41:37.389
get done. And then actually put it on your calendar

00:41:37.389 --> 00:41:40.369
and block the time to accomplish those things

00:41:40.369 --> 00:41:43.989
and get them done. It's good to feel good, right?

00:41:44.090 --> 00:41:46.469
And it's good to feel inspired, but take that

00:41:46.469 --> 00:41:49.570
inspired to action, make that action and expire

00:41:49.570 --> 00:41:53.869
and expire inspired action. And I think that's

00:41:53.869 --> 00:42:01.320
probably when you have so much to look at and

00:42:01.320 --> 00:42:04.900
about Bart it was so much information um sometimes

00:42:04.900 --> 00:42:08.860
I would assert that people don't know what next

00:42:08.860 --> 00:42:10.860
action to take whatever it may look like but

00:42:10.860 --> 00:42:14.639
I think that um you put it together like put

00:42:14.639 --> 00:42:17.260
it together really well it's like you know get

00:42:17.260 --> 00:42:20.159
your boxes and and and really technically look

00:42:20.159 --> 00:42:23.900
at what's the next very next step for you to

00:42:23.900 --> 00:42:29.929
get you know, the next thing done. And, you know,

00:42:30.070 --> 00:42:36.289
one of the, you talked about the, where is that?

00:42:36.769 --> 00:42:39.730
Oh, shoot, where is it at? I think it's shiny

00:42:39.730 --> 00:42:42.170
object, right? The shiny object entrepreneur,

00:42:42.750 --> 00:42:46.010
where the entrepreneur is like, you know, ooh,

00:42:46.010 --> 00:42:47.409
that looks good, ooh, that looks good, ooh, that

00:42:47.409 --> 00:42:50.210
looks good. And pretty much all that ooh looks

00:42:50.210 --> 00:42:53.019
good. It could be good, you know, for particular

00:42:53.019 --> 00:42:55.280
person that's looking for a specific particular

00:42:55.280 --> 00:42:59.159
thing but we need to get focused on you know

00:42:59.159 --> 00:43:02.000
what the next step is for us in moving the needle

00:43:02.000 --> 00:43:04.699
so that we can create growth and you talk about

00:43:04.699 --> 00:43:09.739
plateau as well um can you just go into uh go

00:43:09.739 --> 00:43:12.719
just go into a little depth about the shiny object

00:43:12.719 --> 00:43:16.840
uh mentality and really stopping to Really create

00:43:16.840 --> 00:43:19.119
something for yourself so you can move your business

00:43:19.119 --> 00:43:22.380
forward. Yeah, I think there's three sort of

00:43:22.380 --> 00:43:25.139
gates that every entrepreneur has to get through

00:43:25.139 --> 00:43:27.880
to have a business right and to really be an

00:43:27.880 --> 00:43:31.159
entrepreneur because look the truth is Entrepreneurship

00:43:31.159 --> 00:43:33.719
isn't for everyone like it really is for a select

00:43:33.719 --> 00:43:35.639
few weirdos out there that should be doing this

00:43:35.639 --> 00:43:38.739
right and that's okay the first thing that I

00:43:38.739 --> 00:43:43.760
see commonality of entrepreneurs is we See the

00:43:43.760 --> 00:43:45.980
problem out there We see the gap in the marketplace.

00:43:46.199 --> 00:43:48.139
We see what could be better. Whereas I think

00:43:48.139 --> 00:43:49.960
most folks just accept things that face value

00:43:49.960 --> 00:43:53.820
for what it is. We see, you know, a problem in

00:43:53.820 --> 00:43:55.860
an experience that we have as a consumer or that

00:43:55.860 --> 00:43:58.000
we have in our life. And so that's sort of that

00:43:58.000 --> 00:44:00.800
first thing that we see the opportunity. We might

00:44:00.800 --> 00:44:03.480
be accused of by, you know, friends or spouses

00:44:03.480 --> 00:44:06.800
or family members, whatever of being distractible.

00:44:06.860 --> 00:44:10.059
Right. You know, squirrel, you can get distracted

00:44:10.059 --> 00:44:13.460
by the shiny. Right. And that's often said as

00:44:13.460 --> 00:44:17.159
a negative, but almost every entrepreneur that

00:44:17.159 --> 00:44:20.679
I've worked with or connected with has that aspect.

00:44:20.760 --> 00:44:23.659
And that's because we see the opportunities.

00:44:23.800 --> 00:44:26.360
Right. Whereas others are just tunnel vision.

00:44:26.760 --> 00:44:28.500
We see the opportunities. That's sort of one.

00:44:28.900 --> 00:44:32.800
The second thing is that we have an idea for

00:44:32.800 --> 00:44:35.039
a solution. We see a gap in the marketplace.

00:44:35.539 --> 00:44:39.320
We have an idea for a marketplace that can be

00:44:39.320 --> 00:44:42.659
served. But then that second thing is we know

00:44:42.659 --> 00:44:45.900
what we can do with that. So while some other

00:44:45.900 --> 00:44:49.280
people might see the problem, they'll complain

00:44:49.280 --> 00:44:51.719
about it. They're not talking about a solution.

00:44:51.760 --> 00:44:54.940
They'll just talk about the problem. We entrepreneurs

00:44:54.940 --> 00:44:59.980
see the problem and create the solution. So that's

00:44:59.980 --> 00:45:01.699
two things. But none of that matters without

00:45:01.699 --> 00:45:04.329
the third piece here. And that third is that

00:45:04.329 --> 00:45:07.829
we take action. Some folks are paralyzed by taking

00:45:07.829 --> 00:45:10.989
action. And so they'll see a problem. They'll

00:45:10.989 --> 00:45:13.869
create a solution for it. But then they do nothing

00:45:13.869 --> 00:45:17.110
with it. And until you actually do something

00:45:17.110 --> 00:45:19.489
to bring your solution to market and solve that

00:45:19.489 --> 00:45:23.070
problem for people, it's just another idea. And

00:45:23.070 --> 00:45:25.329
none of the rest of it matters. And so that comes

00:45:25.329 --> 00:45:27.050
back to what we're talking about before, which

00:45:27.050 --> 00:45:30.929
is take action, not just see the idea, not just

00:45:30.929 --> 00:45:33.369
have the solution to it. but do something with

00:45:33.369 --> 00:45:36.530
it do something with it let's talk about that

00:45:36.530 --> 00:45:38.909
a little bit because i think that there are a

00:45:38.909 --> 00:45:42.110
lot of people who not a lot but there are people

00:45:42.110 --> 00:45:45.409
that see the problem and see a solution to the

00:45:45.409 --> 00:45:47.710
problem but they won't take action like you said

00:45:47.710 --> 00:45:52.530
um what's stopping them do you think it's just

00:45:52.530 --> 00:45:57.320
fear or um just the lack of understanding of

00:45:57.320 --> 00:45:59.639
what to do next. What do you think that is? Because

00:45:59.639 --> 00:46:02.019
I know that there's somebody listening that may

00:46:02.019 --> 00:46:05.360
be in that situation for themselves. Yeah. So

00:46:05.360 --> 00:46:10.460
a big piece of it that I see oftentimes is the

00:46:10.460 --> 00:46:12.579
fear piece, right? And that's usually the fear

00:46:12.579 --> 00:46:14.699
of the unknown, right? Or the self -doubt of,

00:46:14.800 --> 00:46:17.179
can I do something with it? Right. Oftentimes,

00:46:18.309 --> 00:46:20.570
The reality is just gets relegated to the back

00:46:20.570 --> 00:46:22.369
burner. You feel inspired, you have an idea and

00:46:22.369 --> 00:46:24.050
then like life comes calling and you're back

00:46:24.050 --> 00:46:27.510
to the job and the family and the other obligations.

00:46:28.230 --> 00:46:30.630
But if you're committed to doing something with

00:46:30.630 --> 00:46:33.789
it, then it's a matter of creating that plan

00:46:33.789 --> 00:46:35.730
like we're talking about and starting down the

00:46:35.730 --> 00:46:37.570
path towards executing that idea and bringing

00:46:37.570 --> 00:46:40.010
it to market. And the truth is you're not going

00:46:40.010 --> 00:46:42.610
to have all the answers, right? No matter how

00:46:42.610 --> 00:46:44.469
many times I launch a new business, I'm always

00:46:44.469 --> 00:46:46.719
starting it with a whole bunch of unknowns. Right.

00:46:46.940 --> 00:46:49.099
Exactly. When you when you leave the house, you

00:46:49.099 --> 00:46:51.400
know, in the car, you don't have all green lights

00:46:51.400 --> 00:46:54.039
the whole way. You don't know where every construction

00:46:54.039 --> 00:46:55.800
is going to be every crosswalk, every, you know,

00:46:55.900 --> 00:46:58.639
dog crossing the road. You leave anyways and

00:46:58.639 --> 00:47:00.760
you start down and along the way you find out

00:47:00.760 --> 00:47:02.699
like, oh, there's construction and there's a

00:47:02.699 --> 00:47:05.420
red light and oh, school school's going. So traffic

00:47:05.420 --> 00:47:06.900
is, you know, a little slower on the crosswalk

00:47:06.900 --> 00:47:09.440
and so on and so on. But that doesn't stop us

00:47:09.440 --> 00:47:12.739
because we have comfort with the fact that when

00:47:12.739 --> 00:47:14.659
we get out on the road, we'll figure this out

00:47:14.659 --> 00:47:17.170
and we'll get there. Right. And so it's about

00:47:17.170 --> 00:47:18.889
bringing that same confidence into launching

00:47:18.889 --> 00:47:21.190
a business idea, knowing you don't have all the

00:47:21.190 --> 00:47:24.789
answers, asking for help, taking that next right

00:47:24.789 --> 00:47:26.989
step, whatever it might be, and knowing you'll

00:47:26.989 --> 00:47:30.610
uncover things as you go. When I first went to,

00:47:30.610 --> 00:47:33.849
you know, to publish my book, I put pen to paper,

00:47:34.570 --> 00:47:37.789
and man, I was confident three, four weeks, I'd

00:47:37.789 --> 00:47:41.110
have this thing print to PDF on Amazon and like

00:47:41.110 --> 00:47:44.550
the book is done. That's it. And boy, each step

00:47:44.550 --> 00:47:46.570
of the way, I got a little deeper and realized

00:47:46.570 --> 00:47:49.369
that no, there's intentionality that goes into

00:47:49.369 --> 00:47:51.690
writing this and getting that early reader feedback

00:47:51.690 --> 00:47:54.110
and getting designs done and working with an

00:47:54.110 --> 00:47:57.429
editor and so on and so forth. Things I didn't

00:47:57.429 --> 00:48:00.190
know to look out for until I jumped in the deep

00:48:00.190 --> 00:48:03.170
end. So you got in. Yeah. Yeah. Every one of

00:48:03.170 --> 00:48:06.050
my peak life experiences when I look back has

00:48:06.050 --> 00:48:09.639
always come from saying yes to a dumb idea. from

00:48:09.639 --> 00:48:11.960
jumping in with both feet saying, yeah, let's

00:48:11.960 --> 00:48:14.320
figure this out because that bigger picture thing

00:48:14.320 --> 00:48:16.699
we're talking about, that sounds great. I don't

00:48:16.699 --> 00:48:19.619
know how I'll get there right now, but I am committed

00:48:19.619 --> 00:48:22.239
to whatever that bigger idea is. So for listeners,

00:48:22.280 --> 00:48:24.800
if you've got that idea for a business, right?

00:48:25.039 --> 00:48:26.980
Flesh it out, right? Start getting some feedback

00:48:26.980 --> 00:48:29.079
from folks. Figure out what that next step is

00:48:29.079 --> 00:48:31.340
to validate that. But more importantly, look

00:48:31.340 --> 00:48:33.940
at what you can do to get it to market and have

00:48:33.940 --> 00:48:36.380
someone say yes to being a customer, right? You

00:48:36.380 --> 00:48:38.280
get a few of those. And you start to get the

00:48:38.280 --> 00:48:40.619
momentum and you start to validate the idea.

00:48:41.079 --> 00:48:42.460
And next thing you know, you look in the rear

00:48:42.460 --> 00:48:44.500
view and you've got a business and you've got

00:48:44.500 --> 00:48:46.139
customers and you've got a product and the rest

00:48:46.139 --> 00:48:48.500
of the stuff you can figure out as you go. Yeah.

00:48:48.500 --> 00:48:50.579
Don't be scared to put yourself out there. Well,

00:48:50.599 --> 00:48:53.659
I think a lot of people are so addicted to the,

00:48:53.659 --> 00:48:57.119
you know, being accepted factor and you gotta

00:48:57.119 --> 00:49:00.019
forget about that. The first one to accept it

00:49:00.019 --> 00:49:01.960
needs to be you, right? The rest of the world

00:49:01.960 --> 00:49:05.280
would catch up with you. Right. You have a quote

00:49:05.280 --> 00:49:08.699
I've never heard before. Um the secret of getting

00:49:08.699 --> 00:49:11.840
ahead is getting started. The secret of getting

00:49:11.840 --> 00:49:14.639
started is breaking your complex overwhelming

00:49:14.639 --> 00:49:19.480
task into small manageable task and then starting

00:49:19.480 --> 00:49:22.739
on the first one, Mark Twain, right? And that's

00:49:22.739 --> 00:49:24.539
kind of what we're speaking to like no matter,

00:49:24.800 --> 00:49:26.420
you know, like you said, what size of the business

00:49:26.420 --> 00:49:30.679
it is like really just get started and don't

00:49:30.679 --> 00:49:33.039
just don't fear the unknown. Yeah. Just put yourself

00:49:33.039 --> 00:49:35.659
out there. Yeah, I mean this we've we've probably

00:49:35.659 --> 00:49:37.699
all heard the phrase like how do you eat an elephant?

00:49:38.320 --> 00:49:41.119
You know one bite at a time Yeah, I didn't hear

00:49:41.119 --> 00:49:43.360
that before and then somebody posed that question

00:49:43.360 --> 00:49:46.059
to me and I was like One bite at a time. I just

00:49:46.059 --> 00:49:48.860
figured that out. But it's just so funny that

00:49:48.860 --> 00:49:50.920
I've never heard that saying before but that's

00:49:50.920 --> 00:49:53.039
the only thing that came to mind Yeah, well we

00:49:53.039 --> 00:49:54.820
look at anything we want to do right and especially

00:49:54.820 --> 00:49:58.440
if it's bigger it can be overwhelming So when

00:49:58.440 --> 00:50:01.579
you break down to like what is the the minimum?

00:50:01.880 --> 00:50:04.039
piece of value you can ship that you can get

00:50:04.039 --> 00:50:07.239
out there to move things forward. And so when

00:50:07.239 --> 00:50:10.360
we talk about heading out to the coffee shop

00:50:10.360 --> 00:50:13.079
or your separate workspace, whatever it is, and

00:50:13.079 --> 00:50:14.659
having an idea of the one to three things you

00:50:14.659 --> 00:50:17.159
want to get done, none of those are these big

00:50:17.159 --> 00:50:20.780
overwhelming tasks like launch business. That's

00:50:20.780 --> 00:50:24.019
a big fuzzy thing. But when you break it down

00:50:24.019 --> 00:50:26.780
to what is that next thing I can do, you can

00:50:26.780 --> 00:50:28.429
get that done. And so you've been with me on

00:50:28.429 --> 00:50:30.269
this book publishing journey, for example. So

00:50:30.269 --> 00:50:32.429
it's like, great. Well, what are the bigger things

00:50:32.429 --> 00:50:34.030
I need to get done? Well, we've got to finalize

00:50:34.030 --> 00:50:37.010
the book title. That's kind of important. A lot

00:50:37.010 --> 00:50:39.250
of things block on that. That's a manageable

00:50:39.250 --> 00:50:41.030
task. But even within that, it's like, all right,

00:50:41.030 --> 00:50:43.909
well, what's the formula for success of what

00:50:43.909 --> 00:50:45.909
a good book title is? All right, what's the research

00:50:45.909 --> 00:50:47.429
that needs to get done to figure that out? What

00:50:47.429 --> 00:50:49.170
are the keywords we're going for? Who's the reader

00:50:49.170 --> 00:50:53.829
profile? It all sort of backfills to, aha, let

00:50:53.829 --> 00:50:56.940
me. Sit down and dial in my reader profile and

00:50:56.940 --> 00:50:59.920
get that locked in and get some feedback. Let

00:50:59.920 --> 00:51:02.420
me write an email out to my list and ask a question

00:51:02.420 --> 00:51:04.900
about this thing and get that done. Let me do

00:51:04.900 --> 00:51:07.000
the research on this thing and finish that up

00:51:07.000 --> 00:51:09.239
before I walk out the door and get that done.

00:51:09.480 --> 00:51:11.920
Right. And each step of the way is the next thing

00:51:11.920 --> 00:51:14.900
you can do that moves you forward. If you think

00:51:14.900 --> 00:51:16.360
about like the compartments in the submarine,

00:51:16.360 --> 00:51:19.000
right. As you go through each one of those compartments,

00:51:19.039 --> 00:51:20.960
you turn around and you turn that watertight

00:51:20.960 --> 00:51:24.420
lock behind you and you move forward. Right,

00:51:24.420 --> 00:51:26.360
and then you can open that next one and step

00:51:26.360 --> 00:51:29.000
through that and close that one up But if we're

00:51:29.000 --> 00:51:32.079
not actually finishing things Then we're just

00:51:32.079 --> 00:51:34.760
starting a thousand tasks and until they ship

00:51:34.760 --> 00:51:37.039
and they get out there. They don't have any value

00:51:37.039 --> 00:51:40.300
So we actually get things done and ship them

00:51:40.300 --> 00:51:45.480
and get the value back Yeah, and that that Speaks

00:51:45.480 --> 00:51:48.460
to scaling business as well, right? Yeah, very

00:51:48.460 --> 00:51:53.710
much. Yeah and you talked about there's a story

00:51:53.710 --> 00:51:59.969
that you used. What was it? There was someone

00:51:59.969 --> 00:52:03.769
and I wanted to kind of shift into your your

00:52:03.769 --> 00:52:05.849
your mastermind. So that's why I use the story.

00:52:06.190 --> 00:52:08.550
There's a story of someone in the mastermind

00:52:08.550 --> 00:52:12.449
that didn't know how to play. Their businesses

00:52:12.449 --> 00:52:15.230
has plateaued, and they didn't know how to scale

00:52:15.230 --> 00:52:17.289
it. But they talked to someone in the mastermind.

00:52:17.469 --> 00:52:19.289
And this is what I want to talk about, which

00:52:19.289 --> 00:52:24.400
is Get yourself connected with other entrepreneurs

00:52:24.400 --> 00:52:29.039
that are doing things like you or better than

00:52:29.039 --> 00:52:34.360
you or just safe. I can't even tell right now.

00:52:34.539 --> 00:52:37.340
They're facing the same problems and really wanting

00:52:37.340 --> 00:52:40.539
to grow their business as well. And entrepreneurship,

00:52:40.780 --> 00:52:45.320
the journey can feel uh lonely right but there

00:52:45.320 --> 00:52:47.699
are ways to really include other entrepreneurs

00:52:47.699 --> 00:52:49.900
in your journey you were in their journey so

00:52:49.900 --> 00:52:52.059
that you can continue to move forward would you

00:52:52.059 --> 00:52:58.539
and you have a um a uh the mastermind and i can't

00:52:58.539 --> 00:53:02.139
see it's not it's the bay is a baby it's not

00:53:02.139 --> 00:53:06.480
bay watch bay area mastermind yeah bay area i'm

00:53:06.480 --> 00:53:09.239
sorry i didn't write it down on my note so it's

00:53:09.239 --> 00:53:13.099
bay area mastermind and you have i'm sorry But

00:53:13.099 --> 00:53:16.619
you have other entrepreneurs that really are

00:53:16.619 --> 00:53:20.320
really growing from your mastermind. And can

00:53:20.320 --> 00:53:23.260
you talk about maybe a story that you can share

00:53:23.260 --> 00:53:26.920
that someone has really grown or got a great

00:53:26.920 --> 00:53:30.260
outcome from being in your mastermind? Yeah.

00:53:30.699 --> 00:53:33.260
So you touched on this idea that I talk about

00:53:33.260 --> 00:53:35.880
a lot, which is the journey of entrepreneurship

00:53:35.880 --> 00:53:40.420
is lonely. And whatever the journey is that you

00:53:40.420 --> 00:53:42.099
are going on in your life, whether it's becoming

00:53:42.099 --> 00:53:44.260
a parent for the first time, whether it's caring

00:53:44.260 --> 00:53:48.460
for an older family member, whether it's launching

00:53:48.460 --> 00:53:50.639
a business, whether it's learning to ride bikes,

00:53:50.840 --> 00:53:54.880
whatever it is, find or create your community

00:53:54.880 --> 00:53:57.400
of other people to be around you who are also

00:53:57.400 --> 00:54:00.659
on that same journey, but naturally will be at

00:54:00.659 --> 00:54:02.199
different steps or having different experiences.

00:54:02.719 --> 00:54:06.599
Because that's how we learn about not just the

00:54:06.599 --> 00:54:09.019
things that we want to learn about, right? We

00:54:09.019 --> 00:54:10.539
don't just get answers to questions we have.

00:54:10.880 --> 00:54:13.440
We learn about things we didn't even know existed,

00:54:14.199 --> 00:54:16.500
knowledge we wouldn't have had before, right?

00:54:16.820 --> 00:54:18.559
So like knowledge kind of falls into one of three

00:54:18.559 --> 00:54:20.400
categories, right? There's the stuff you know

00:54:20.400 --> 00:54:22.840
you know, right? The things you confidently talk

00:54:22.840 --> 00:54:24.300
about, the things that you can teach on, the

00:54:24.300 --> 00:54:26.280
things that you can have a really great conversation

00:54:26.280 --> 00:54:29.539
around, right? There's the things you know you

00:54:29.539 --> 00:54:32.739
don't know. These are the categories of things

00:54:32.739 --> 00:54:35.860
you search online for. The things that you ask

00:54:35.860 --> 00:54:38.059
people about, that you seek out mentors and experts

00:54:38.059 --> 00:54:40.519
on, that you find books and courses on, and so

00:54:40.519 --> 00:54:42.659
forth. Because you know you don't know it and

00:54:42.659 --> 00:54:46.119
you want to find an answer. But the huge giant

00:54:46.119 --> 00:54:48.579
part of that pie chart is the stuff you don't

00:54:48.579 --> 00:54:51.659
know you don't know. So when you surround yourself

00:54:51.659 --> 00:54:53.820
with people on a similar journey, that's where

00:54:53.820 --> 00:54:56.260
you find out about all this, is by hearing them

00:54:56.260 --> 00:54:57.980
share their stories about what's going on, the

00:54:57.980 --> 00:54:59.539
challenges they're facing, the accomplishments

00:54:59.539 --> 00:55:02.380
they've had. And you understand about pitfalls

00:55:02.380 --> 00:55:05.360
that You might have narrowly avoided and he didn't

00:55:05.360 --> 00:55:07.980
even know it, right? Or that might be ahead of

00:55:07.980 --> 00:55:10.860
you on this path and you start to get, you know,

00:55:10.980 --> 00:55:12.619
answers to questions you didn't know you have.

00:55:13.440 --> 00:55:15.260
And that is where I've seen growth so often.

00:55:15.280 --> 00:55:17.000
So I think one of the stories you're alluding

00:55:17.000 --> 00:55:20.260
to is, um, you know, we had two business owners

00:55:20.260 --> 00:55:22.840
across the table from each other in very different

00:55:22.840 --> 00:55:24.360
businesses, right? One had a brick and mortar

00:55:24.360 --> 00:55:27.059
retail store and one had an e -commerce business,

00:55:27.300 --> 00:55:29.639
right? So one's like fully in person and one's

00:55:29.639 --> 00:55:31.949
fully online. They've both been growing their

00:55:31.949 --> 00:55:34.909
business and seeing success. They have customers

00:55:34.909 --> 00:55:37.630
buying from them every single day. It's like

00:55:37.630 --> 00:55:39.570
that's not a problem, but their growth only got

00:55:39.570 --> 00:55:43.050
them so far. And by being in that room and talking

00:55:43.050 --> 00:55:44.469
about what was going on in their business and

00:55:44.469 --> 00:55:47.150
the wins they were having and so forth, there

00:55:47.150 --> 00:55:49.289
was this really interesting knowledge transfer.

00:55:49.809 --> 00:55:52.050
So the e -commerce business owner was hearing

00:55:52.050 --> 00:55:54.489
about this brick and mortar retail store who

00:55:54.489 --> 00:55:58.289
was using direct mail. They were sending out

00:55:58.289 --> 00:56:00.389
physical mailing to people to get them to come

00:56:00.389 --> 00:56:03.250
into the store. And that was working. Every time

00:56:03.250 --> 00:56:05.369
they would send mail out, people came in the

00:56:05.369 --> 00:56:07.730
store and bought, and they could look at how

00:56:07.730 --> 00:56:09.510
much was spent on this and how much new revenue

00:56:09.510 --> 00:56:12.449
came in and see their return on investment, their

00:56:12.449 --> 00:56:16.030
ROI on the direct mail campaigns. Now, the e

00:56:16.030 --> 00:56:17.769
-commerce guy is running an online business and

00:56:17.769 --> 00:56:20.889
using pay -per -click and ads and digital media

00:56:20.889 --> 00:56:23.289
and all these things to bring customers in and

00:56:23.289 --> 00:56:26.730
using email very successfully, but hadn't even

00:56:26.889 --> 00:56:29.090
looked at direct mail, didn't even know the term,

00:56:29.309 --> 00:56:31.030
wouldn't have even known how to start with that.

00:56:31.929 --> 00:56:34.469
So if you don't even know a channel exists, you

00:56:34.469 --> 00:56:36.030
can't go looking for answers because you don't

00:56:36.030 --> 00:56:39.309
even know the right questions to ask. And on

00:56:39.309 --> 00:56:40.949
the flip side, this brick and mortar retail store

00:56:40.949 --> 00:56:44.190
owner wasn't even collecting email addresses

00:56:44.190 --> 00:56:48.090
of customers. There was no email list. There

00:56:48.090 --> 00:56:52.340
was no email marketing to be done. simply by

00:56:52.340 --> 00:56:54.239
these two business owners sharing the strategies

00:56:54.239 --> 00:56:56.699
that were working because this e -comm guy would

00:56:56.699 --> 00:56:59.699
send an email and money would come in. He could

00:56:59.699 --> 00:57:01.480
look at his earnings per click and all these

00:57:01.480 --> 00:57:03.000
stats and metrics that the retail store owner

00:57:03.000 --> 00:57:05.800
had never heard of. And so just by sharing the

00:57:05.800 --> 00:57:07.699
strategies over the course of the month between

00:57:07.699 --> 00:57:10.760
the two meetings, the e -commerce store owner

00:57:10.760 --> 00:57:13.039
used the best practices that they learned about

00:57:13.039 --> 00:57:15.539
and bought a list of people who'd never heard

00:57:15.539 --> 00:57:17.800
of the business before, created a mail piece,

00:57:17.960 --> 00:57:20.079
worked with the mail house, sent out the direct

00:57:20.079 --> 00:57:23.909
mail campaign, had new business coming in from

00:57:23.909 --> 00:57:26.829
new customers in a totally, you know, blue ocean

00:57:26.829 --> 00:57:29.289
of opportunity, right, and was able to share

00:57:29.289 --> 00:57:32.710
the results. That brick and mortar retail store

00:57:32.710 --> 00:57:37.070
owner came back in excited to show that they

00:57:37.070 --> 00:57:39.110
were now collecting email addresses from customers

00:57:39.110 --> 00:57:40.829
when they came into the store and building out

00:57:40.829 --> 00:57:43.670
their list, permission based list. They were

00:57:43.670 --> 00:57:45.630
sending out emails and when they sent an email

00:57:45.630 --> 00:57:48.130
out, customers came in the store and bought.

00:57:48.909 --> 00:57:52.400
So they were adding on incremental new business

00:57:52.400 --> 00:57:55.460
just by leveraging strategies they learned about

00:57:55.460 --> 00:57:58.300
in the room that they wouldn't have had the questions

00:57:58.300 --> 00:58:00.639
of the language to even ask about. They came

00:58:00.639 --> 00:58:03.019
in looking to solve a problem that was top of

00:58:03.019 --> 00:58:05.820
mind for them. And what they really got was so

00:58:05.820 --> 00:58:07.940
much more value by hearing from others sharing

00:58:07.940 --> 00:58:10.300
about what's going on in their business and what's

00:58:10.300 --> 00:58:17.059
working well. How does a person that is in a

00:58:17.059 --> 00:58:20.739
digital business that may be sending out or trying

00:58:20.739 --> 00:58:25.619
to accrue emails but not getting the same result.

00:58:27.199 --> 00:58:30.420
What steps would they take? To get better results

00:58:30.420 --> 00:58:32.119
with their email or to expand beyond that channel?

00:58:32.780 --> 00:58:35.780
To get better results with the email. Yeah, so

00:58:35.780 --> 00:58:38.119
if we want to nerd out on email marketing, a

00:58:38.119 --> 00:58:40.300
common challenge I see is what we call congruency.

00:58:40.599 --> 00:58:42.219
And this, by the way, applies to all your channels.

00:58:42.880 --> 00:58:45.960
You look at where someone first is exposed to

00:58:45.960 --> 00:58:48.780
your ad or your brand or something. And the whole

00:58:48.780 --> 00:58:51.320
journey they go through to becoming a customer

00:58:51.320 --> 00:58:53.380
and going through your new customer journey.

00:58:54.239 --> 00:58:56.940
At any point that you lose congruency in your

00:58:56.940 --> 00:58:59.280
messaging, in your marketing, or any of that,

00:58:59.619 --> 00:59:02.000
you're going to have a drop off. So there's an

00:59:02.000 --> 00:59:03.820
incremental process that I use in looking at

00:59:03.820 --> 00:59:06.039
any funnel to find the worst performing parts

00:59:06.039 --> 00:59:08.900
of it, improve that, rinse, repeat, and so forth.

00:59:09.639 --> 00:59:12.500
When we do a funnel evaluation, every funnel

00:59:12.500 --> 00:59:15.260
has holes in it. And that's actually OK to a

00:59:15.260 --> 00:59:17.880
certain extent. But there's different strategies

00:59:17.880 --> 00:59:20.579
we take to fix it. So in your case, if the example

00:59:20.579 --> 00:59:23.119
you're talking about of emails not getting the

00:59:23.119 --> 00:59:26.860
engagement, the first point is when someone signs

00:59:26.860 --> 00:59:29.320
up or opts in to be on that email list. What

00:59:29.320 --> 00:59:31.539
is it that got them to even give you the email

00:59:31.539 --> 00:59:34.019
address? And what was the the tacit agreement

00:59:34.019 --> 00:59:36.860
you had for why they get on there? Right. So

00:59:36.860 --> 00:59:39.719
a classic mistake I see is like somebody opts

00:59:39.719 --> 00:59:41.820
in to get a newsletter and then you've got like

00:59:41.820 --> 00:59:43.659
a hard sell email to sell something that's like

00:59:43.659 --> 00:59:46.460
a different brand. There's totally not congruency

00:59:46.460 --> 00:59:49.420
there. They wanted a weekly newsletter and you're

00:59:49.420 --> 00:59:51.460
now telling them, hey, go buy this thing from

00:59:51.460 --> 00:59:54.199
somebody else. There are ways to do that, but

00:59:54.199 --> 00:59:56.980
you've lost congruency there. Your highest open

00:59:56.980 --> 00:59:59.380
rates will be on the weekly newsletter they signed

00:59:59.380 --> 01:00:03.420
up for. Or someone buys and they're purchasing

01:00:03.420 --> 01:00:06.260
from you as a customer and they intentionally

01:00:06.260 --> 01:00:09.300
tick the box that says, yes, I want to receive

01:00:09.300 --> 01:00:11.619
offers from you by email. And then you follow

01:00:11.619 --> 01:00:13.940
up with an offer. Well, they wanted that. They

01:00:13.940 --> 01:00:15.619
were looking for that. And so you're delivering.

01:00:15.699 --> 01:00:18.039
So that'll be a higher open rate. All right.

01:00:18.619 --> 01:00:22.900
So there's what the agreement was to what the

01:00:22.900 --> 01:00:25.860
email is about. But the first point of contact

01:00:25.860 --> 01:00:29.099
on the email is that subject line. Is that subject

01:00:29.099 --> 01:00:31.400
line matching what you said they would be getting?

01:00:32.059 --> 01:00:34.579
And then does the subject line flow into what

01:00:34.579 --> 01:00:38.380
the email is about? Is there congruency between

01:00:38.380 --> 01:00:39.900
the subject line, which is the promise of what

01:00:39.900 --> 01:00:42.119
they get when they read the email? and then the

01:00:42.119 --> 01:00:44.380
actual email body. And then we go from what's

01:00:44.380 --> 01:00:46.179
in the email body to what's the offer or the

01:00:46.179 --> 01:00:47.639
next step if you're bringing them to your website

01:00:47.639 --> 01:00:50.519
to buy now, to sign up, to do whatever the action

01:00:50.519 --> 01:00:53.280
is, your call to action, your CTA. Is that congruent

01:00:53.280 --> 01:00:55.420
with what the text is? Then they get to the landing

01:00:55.420 --> 01:00:57.900
page for that. Is that congruent with the email,

01:00:57.940 --> 01:00:59.900
with the subject line and so forth? So you can

01:00:59.900 --> 01:01:01.980
see at any step of the way here, if we don't

01:01:01.980 --> 01:01:05.079
have congruency, people are gonna drop out and

01:01:05.079 --> 01:01:06.880
you'll have a low conversion point along that

01:01:06.880 --> 01:01:12.059
step of the way. Folks, that was worth $1 ,000

01:01:12.059 --> 01:01:16.500
per word. So I hope that people really look at

01:01:16.500 --> 01:01:18.039
that, listen to that. Because, I mean, that's

01:01:18.039 --> 01:01:20.400
what we get, what people get when they go to

01:01:20.400 --> 01:01:26.000
your mastermind group, when they look at their

01:01:26.000 --> 01:01:29.300
business and other people's business in areas

01:01:29.300 --> 01:01:32.340
that their business is working where the others

01:01:32.340 --> 01:01:36.739
are not. You talk about unknown unknown in the

01:01:36.739 --> 01:01:40.019
terms of variables. Is that what that speaks

01:01:40.019 --> 01:01:43.659
to or what is that exactly? Yeah. So the unknown

01:01:43.659 --> 01:01:47.179
unknowns is really just when you hear from others

01:01:47.179 --> 01:01:49.559
about what they're working on, right? We generally

01:01:49.559 --> 01:01:53.940
break everyone's hot seat down to like what's

01:01:53.940 --> 01:01:57.119
working, what's not and where you need help,

01:01:57.260 --> 01:02:00.579
right? So when people share about what's working,

01:02:00.639 --> 01:02:03.369
these are the wins. There's so much to learn

01:02:03.369 --> 01:02:05.409
from people sharing about the things they knocked

01:02:05.409 --> 01:02:07.389
out of the park because they're sharing the best

01:02:07.389 --> 01:02:09.710
of the best. What got a result? And generally,

01:02:09.730 --> 01:02:11.989
you can translate that into your business and

01:02:11.989 --> 01:02:14.809
also get a positive result. They also share about

01:02:14.809 --> 01:02:17.489
what's not working. And so you learn maybe what

01:02:17.489 --> 01:02:21.010
not to do. You generally also can provide some

01:02:21.010 --> 01:02:23.090
feedback and ask some good questions. And then

01:02:23.090 --> 01:02:24.690
where they need help is usually when people come

01:02:24.690 --> 01:02:27.650
in is looking for that big answer is what they're

01:02:27.650 --> 01:02:29.210
looking for. But here's what I find interesting.

01:02:29.789 --> 01:02:31.940
When people join us for the first time, They're

01:02:31.940 --> 01:02:33.679
usually coming in to answer one big question,

01:02:33.679 --> 01:02:35.320
right? Usually they're feeling stuck and they

01:02:35.320 --> 01:02:37.039
want to get back to growth or something's not

01:02:37.039 --> 01:02:40.099
working. They want an answer there. But the pages

01:02:40.099 --> 01:02:42.500
of notes they get when they leave the room is

01:02:42.500 --> 01:02:44.480
not from their hot seat or around that one question.

01:02:44.579 --> 01:02:47.400
It's from what everybody else was sharing. So

01:02:47.400 --> 01:02:50.500
for our listeners, wherever you are in life and

01:02:50.500 --> 01:02:52.920
business and so forth, find a way to surround

01:02:52.920 --> 01:02:55.480
yourself and create or join a community of people

01:02:55.480 --> 01:02:58.199
also on that journey. That's where you find out

01:02:58.199 --> 01:03:01.000
about all these big unknown unknowns. And also,

01:03:01.159 --> 01:03:03.940
when you go and you pick up books, you and I

01:03:03.940 --> 01:03:06.380
are both avid readers. This is one of many bookshelves

01:03:06.380 --> 01:03:09.500
we have around, full of books. I enjoy buying

01:03:09.500 --> 01:03:12.340
books and consuming books and learning from them,

01:03:12.480 --> 01:03:14.679
because I often learn so much when I pick up

01:03:14.679 --> 01:03:16.659
a new book, much more than I ever thought I'd

01:03:16.659 --> 01:03:19.659
get just from that cover alone. But you don't

01:03:19.659 --> 01:03:22.099
know until you get the book, and you still don't

01:03:22.099 --> 01:03:24.619
know until you crack the book open, and you still

01:03:24.619 --> 01:03:25.940
don't know until you actually go through that

01:03:25.940 --> 01:03:29.099
book. Each one of those is an incremental step,

01:03:29.239 --> 01:03:31.840
getting you closer to getting value. But you've

01:03:31.840 --> 01:03:34.860
got to take those individual steps. Individual

01:03:34.860 --> 01:03:41.519
steps. You have a ton of knowledge and a ton

01:03:41.519 --> 01:03:46.360
of skill that people can really learn from. But

01:03:46.360 --> 01:03:51.179
what lessons from your book that people can apply

01:03:51.179 --> 01:03:54.869
now or when they get your book? from who anyone

01:03:54.869 --> 01:03:57.090
who wants to thrive and not just entrepreneurs

01:03:57.090 --> 01:04:00.289
but you know people who may feel like they're

01:04:00.289 --> 01:04:04.010
plateaued in their career yeah what can go ahead

01:04:04.010 --> 01:04:07.530
so uh you may have had this experience yourself

01:04:07.530 --> 01:04:09.449
where there's a book on your bookshelf you you

01:04:09.449 --> 01:04:12.869
find yourself drawn back to you know years many

01:04:12.869 --> 01:04:15.090
years later and you crack it open and you start

01:04:15.090 --> 01:04:18.619
reading it again and you're like oh like who

01:04:18.619 --> 01:04:20.260
came in here when I wasn't looking at like put

01:04:20.260 --> 01:04:21.980
this new chapter in like this wasn't here the

01:04:21.980 --> 01:04:24.800
last time I read the book and it absolutely was

01:04:24.800 --> 01:04:26.780
it just didn't speak to you at that time in your

01:04:26.780 --> 01:04:28.519
life it didn't mean something to you you didn't

01:04:28.519 --> 01:04:31.599
need it right so when you go back and you reread

01:04:31.599 --> 01:04:34.800
a book again you find there's new value there

01:04:34.800 --> 01:04:37.199
right when you go back and you listen to a podcast

01:04:37.199 --> 01:04:39.760
episode you heard before and you're just at a

01:04:39.760 --> 01:04:41.340
different place in life or in business there's

01:04:41.340 --> 01:04:43.320
there's more value there than you got the first

01:04:43.320 --> 01:04:46.679
time right so yeah so don't always view something

01:04:46.679 --> 01:04:50.139
as one and done You can go back to courses, books,

01:04:50.659 --> 01:04:52.079
the knowledge you've brought into your life.

01:04:52.519 --> 01:04:53.900
There's so much untapped knowledge in there.

01:04:53.960 --> 01:04:57.019
Go back, rinse, repeat. And I was really intentional

01:04:57.019 --> 01:04:59.119
when I put your business growth playbook together.

01:04:59.699 --> 01:05:02.780
To have this broken out, there's three big sections,

01:05:02.820 --> 01:05:05.300
one for each of the three variables in my formula.

01:05:06.199 --> 01:05:09.039
And within those are tons of strategies that

01:05:09.039 --> 01:05:13.039
can adjust the lever in each of those three pieces.

01:05:13.880 --> 01:05:16.239
So when you go through, take an iterative approach.

01:05:16.400 --> 01:05:20.300
Right. Apply one tactic, get a result. Right.

01:05:20.420 --> 01:05:22.820
Measure it is really important. And then come

01:05:22.820 --> 01:05:26.239
back and apply a different strategy. And we repeat

01:05:26.239 --> 01:05:27.980
this. And there's a story I share in the book

01:05:27.980 --> 01:05:31.780
about the British cycling team. They were terrible.

01:05:32.119 --> 01:05:35.039
They consistently lost as a cycling team on the

01:05:35.039 --> 01:05:38.320
global race scene for decades until they brought

01:05:38.320 --> 01:05:40.599
in this new head coach who was all about what

01:05:40.599 --> 01:05:43.559
we call incremental gains. So he tests little

01:05:43.559 --> 01:05:45.980
things. to get a result. Some things worked,

01:05:46.039 --> 01:05:48.159
some things didn't, but it was all these little

01:05:48.159 --> 01:05:51.360
small things. But each of these little changes

01:05:51.360 --> 01:05:54.500
can make a 1 % difference. And when you start

01:05:54.500 --> 01:05:57.440
stacking these little 1 % differences, whether

01:05:57.440 --> 01:05:59.239
this was his players washing their hands before

01:05:59.239 --> 01:06:02.659
they eat. Sounds simple, but wouldn't you know

01:06:02.659 --> 01:06:05.239
if you're a competitive athlete and you get sick,

01:06:05.480 --> 01:06:07.619
that can set your training back weeks. And so

01:06:07.619 --> 01:06:10.800
it seems like a small change, but like... Does

01:06:10.800 --> 01:06:12.699
having the team wash their hands before they

01:06:12.699 --> 01:06:14.659
sit down and eat make a difference? What do you

01:06:14.659 --> 01:06:18.159
know? It does. Little thing about changing nutrition

01:06:18.159 --> 01:06:20.980
or changing hydration or changing what they fuel

01:06:20.980 --> 01:06:23.579
and when. Changing the seat position, the seat

01:06:23.579 --> 01:06:26.460
height, what they use for wheels and bars, all

01:06:26.460 --> 01:06:29.239
these little, little variables, they were always

01:06:29.239 --> 01:06:31.699
testing, looking for these little 1 % gains.

01:06:32.519 --> 01:06:34.760
But those have this compounding effect that they

01:06:34.760 --> 01:06:37.070
build on each other. And then you look in the

01:06:37.070 --> 01:06:41.210
rear view that just by testing things out, you

01:06:41.210 --> 01:06:44.369
can move forward a little bit at a time. So come

01:06:44.369 --> 01:06:46.250
back to your business growth playbook, apply

01:06:46.250 --> 01:06:48.909
tactic, right? And then rinse and repeat. Don't

01:06:48.909 --> 01:06:50.789
be afraid to try things because that's how you

01:06:50.789 --> 01:06:53.090
find out what works and what doesn't. And it's

01:06:53.090 --> 01:06:55.369
okay if something doesn't work. It's better to

01:06:55.369 --> 01:06:57.949
fail fast and learn that and then come back and

01:06:57.949 --> 01:07:00.460
apply something else and go from there. If you

01:07:00.460 --> 01:07:02.739
fail, fail fast, fail fast and just bounce back

01:07:02.739 --> 01:07:06.059
with the experiments. I think you did talk about,

01:07:06.300 --> 01:07:08.199
you have three levers, levers, levers, however

01:07:08.199 --> 01:07:10.420
you wanna pronounce it in your book. I didn't

01:07:10.420 --> 01:07:12.280
know if you wanted to go through that real quick

01:07:12.280 --> 01:07:16.840
or if you wanted to, it's good. If not, it's

01:07:16.840 --> 01:07:20.380
okay. We can touch on a high level, right? Yes.

01:07:20.980 --> 01:07:24.389
When we look at this really important... a metric

01:07:24.389 --> 01:07:26.230
to look at in any business. I don't care what

01:07:26.230 --> 01:07:27.630
kind of business you have, this metric matters.

01:07:28.590 --> 01:07:32.010
It's customer lifetime value or CLV. And this

01:07:32.010 --> 01:07:35.530
is what a customer is worth revenue -wise to

01:07:35.530 --> 01:07:37.670
your business over their lifetime of doing business

01:07:37.670 --> 01:07:41.269
with you. So whatever business model you have,

01:07:42.030 --> 01:07:44.090
there is a customer lifetime value there. And

01:07:44.090 --> 01:07:47.969
you may think, but I only have one transaction

01:07:47.969 --> 01:07:50.650
with a customer and that's it. Well, I've worked

01:07:50.650 --> 01:07:52.349
with many businesses that could only transact

01:07:52.349 --> 01:07:56.329
one time. And we found a way, many ways, to increase

01:07:56.329 --> 01:07:58.690
that customer lifetime value. And there's three

01:07:58.690 --> 01:08:01.010
variables that go into that. Improve any one

01:08:01.010 --> 01:08:05.690
of those. You multiply F by A by Q. If you improve

01:08:05.690 --> 01:08:08.510
any one of those, that's a multiplicative result.

01:08:09.110 --> 01:08:13.949
You are multiplying the impact. So for example,

01:08:15.610 --> 01:08:17.930
a simple strategy most folks overlook is this

01:08:17.930 --> 01:08:21.229
idea of raising your prices. It feels silly.

01:08:21.850 --> 01:08:24.250
But when you raise the price, that raises how

01:08:24.250 --> 01:08:26.229
much someone spends when they do business with

01:08:26.229 --> 01:08:30.630
you. And what so many of us forget is that the

01:08:30.630 --> 01:08:33.770
price we charge is a perceived value that we

01:08:33.770 --> 01:08:37.710
have in our mind that a new customer doesn't

01:08:37.710 --> 01:08:40.029
know about until they see us for the first time.

01:08:40.609 --> 01:08:42.869
So whatever pricing model you have is probably

01:08:42.869 --> 01:08:44.930
stuck in years ago when you set that pricing

01:08:44.930 --> 01:08:48.750
model up and you never thought to revisit. So

01:08:48.750 --> 01:08:50.470
what would happen if you were to increase your

01:08:50.470 --> 01:08:53.369
prices? Well, first, you've got to become comfortable

01:08:53.369 --> 01:08:55.170
with that idea or step out of the comfort zone

01:08:55.170 --> 01:08:58.449
and do it anyways. But then we test. I'm not

01:08:58.449 --> 01:08:59.890
saying go to all your existing customers and

01:08:59.890 --> 01:09:01.590
say, guess what? You're going to pay us more

01:09:01.590 --> 01:09:04.210
money now, even though as consumers, we're used

01:09:04.210 --> 01:09:07.510
to companies doing that regularly. So you can

01:09:07.510 --> 01:09:09.029
do that, but you can test it out on your landing

01:09:09.029 --> 01:09:11.569
page. Split test your traffic. Some of your traffic

01:09:11.569 --> 01:09:15.590
sees a different price, and some sees your traditional

01:09:15.590 --> 01:09:18.569
pricing. And does that change things? What I

01:09:18.569 --> 01:09:21.560
can say is experimentally, very often, changing

01:09:21.560 --> 01:09:25.920
your pricing doesn't often impact the conversion

01:09:25.920 --> 01:09:29.039
rates, which means you've left money on the table

01:09:29.039 --> 01:09:31.479
for all the time it took you to become comfortable

01:09:31.479 --> 01:09:33.359
with the idea of raising your price. Now, you

01:09:33.359 --> 01:09:36.979
can't raise it beyond a certain limit. And we

01:09:36.979 --> 01:09:38.859
don't know what that is until we experiment because

01:09:38.859 --> 01:09:41.079
then you do start to hurt conversions. Sometimes,

01:09:41.140 --> 01:09:43.199
though, a price increase actually increases conversions

01:09:43.199 --> 01:09:46.539
because of a perceived value. Your customers

01:09:46.539 --> 01:09:50.479
view you as a more premium brand. So all that

01:09:50.479 --> 01:09:53.199
aside, If we just take simple numbers, and let's

01:09:53.199 --> 01:09:55.880
say you've got a subscription business. Let's

01:09:55.880 --> 01:09:59.500
say you charge $40 a month, and your profit margin

01:09:59.500 --> 01:10:04.720
is $10. So it costs you $30 to service this customer

01:10:04.720 --> 01:10:07.319
that's paying you $40 all in, and your profit

01:10:07.319 --> 01:10:09.420
margin that you clear off, that's $10 a month.

01:10:09.819 --> 01:10:13.859
Easy numbers. Let's say we experiment, and we

01:10:13.859 --> 01:10:15.779
bring that for a new customer to $50 a month.

01:10:16.920 --> 01:10:20.630
That's not that big of a deal. We have a 25 %

01:10:20.630 --> 01:10:22.789
price increase. That's not huge for a new customer

01:10:22.789 --> 01:10:26.270
who's never seen your business before. They probably

01:10:26.270 --> 01:10:28.770
wouldn't know or feel a difference. So let's

01:10:28.770 --> 01:10:31.569
just say you have the same conversion rate. But

01:10:31.569 --> 01:10:33.270
what does that mean for the profit margin? It

01:10:33.270 --> 01:10:34.829
costs you nothing more to get that customer or

01:10:34.829 --> 01:10:39.449
to service them. So even though the overall price

01:10:39.449 --> 01:10:42.649
only went up 25%, your profit margin just doubled.

01:10:42.649 --> 01:10:46.170
It went up 100%. Now you're seeing $20 profit

01:10:46.170 --> 01:10:49.789
a month instead of the 10. meaning you could

01:10:49.789 --> 01:10:54.989
actually convert far fewer customers and still

01:10:54.989 --> 01:10:57.770
have the same or more profit in the business.

01:10:59.010 --> 01:11:01.609
So your gross sales can go up incrementally,

01:11:02.029 --> 01:11:05.229
your profit margin can go up dramatically, and

01:11:05.229 --> 01:11:07.149
you can have a smaller customer base to serve

01:11:07.149 --> 01:11:09.649
while you're making more money overall, right?

01:11:09.970 --> 01:11:12.170
So that's like a simple change you can make that

01:11:12.170 --> 01:11:14.189
many business owners overlook in their business.

01:11:17.479 --> 01:11:22.159
That's detail. And I think that anybody who's

01:11:22.159 --> 01:11:24.060
listening and that has a subscription business

01:11:24.060 --> 01:11:26.720
or just a business at all, that has product where

01:11:26.720 --> 01:11:28.819
it could really like just take that little piece

01:11:28.819 --> 01:11:32.399
right there and apply it to their life and start

01:11:32.399 --> 01:11:34.920
to see conversions and higher profit mergers

01:11:34.920 --> 01:11:40.979
for themselves. And we could go on and on and

01:11:40.979 --> 01:11:47.000
on. And I want to first appreciate your skill

01:11:47.000 --> 01:11:50.520
and appreciate what you bring to a conversation

01:11:50.520 --> 01:11:55.039
and and to people's lives right it it really

01:11:55.039 --> 01:11:57.079
makes a difference if you would just sit and

01:11:57.079 --> 01:12:00.699
listen to what you have to share it really um

01:12:00.699 --> 01:12:03.439
it really makes a difference for entrepreneurs

01:12:03.439 --> 01:12:05.899
and people who are just probably and would you

01:12:05.899 --> 01:12:08.340
you will use the word plateaued in their lives

01:12:08.340 --> 01:12:12.020
or what have you um but as we come to a close

01:12:12.020 --> 01:12:16.739
on on this session um What's one thing that's

01:12:16.739 --> 01:12:18.319
on your heart or your mind that you would like

01:12:18.319 --> 01:12:23.060
to share as your last words on the podcast this

01:12:23.060 --> 01:12:25.920
time? Because I'm sure you'll be back. The world

01:12:25.920 --> 01:12:28.979
can be a big scary place, and it's mostly full

01:12:28.979 --> 01:12:31.479
of unknowns. There's very, very, very, very little

01:12:31.479 --> 01:12:33.539
we actually know about the world around us, right?

01:12:34.579 --> 01:12:37.659
And that's okay. We have all survived that as

01:12:37.659 --> 01:12:42.470
humanity for a very long time. You can too. Don't

01:12:42.470 --> 01:12:44.930
let that fear of the unknown get in the way of

01:12:44.930 --> 01:12:46.949
you stepping out the front door in the morning,

01:12:47.449 --> 01:12:49.510
of launching that business, of trying out that

01:12:49.510 --> 01:12:53.890
new sales channel, of taking a chance on a business

01:12:53.890 --> 01:12:56.449
partner or a new product idea or whatever it

01:12:56.449 --> 01:12:59.210
is. We've all heard nothing ventured, nothing

01:12:59.210 --> 01:13:01.810
gained. There's a lot of truth in that. Just

01:13:01.810 --> 01:13:04.909
be mindful of how you mitigate your risk because

01:13:04.909 --> 01:13:06.909
we can never really eliminate risk. We can just

01:13:06.909 --> 01:13:12.000
mitigate it. Take that step boldly forward, understand

01:13:12.000 --> 01:13:15.699
how to mitigate your risks, but be okay doing

01:13:15.699 --> 01:13:17.739
something to ship some incremental value out

01:13:17.739 --> 01:13:20.060
there to grow yourself personally or grow that

01:13:20.060 --> 01:13:22.100
business. But take action is really what that

01:13:22.100 --> 01:13:25.460
all comes down to. But take action. Jeremy, I

01:13:25.460 --> 01:13:27.819
can't thank you enough for coming back on the

01:13:27.819 --> 01:13:31.180
podcast and sharing your insights or skill. You're

01:13:31.180 --> 01:13:35.289
just, you're just. we're with all and understand

01:13:35.289 --> 01:13:39.489
of business and business growth and in your book.

01:13:41.949 --> 01:13:44.670
People just need to get it when it's when it

01:13:44.670 --> 01:13:47.869
when it comes out, but people can get the first

01:13:47.869 --> 01:13:50.409
chapter now and how do people get in contact

01:13:50.409 --> 01:13:52.329
with you and get that first chapter so they can

01:13:52.329 --> 01:13:56.810
begin to really shift their their business? Yeah,

01:13:56.909 --> 01:13:59.789
so if you head to yourbusinessgrowthplaybook

01:13:59.789 --> 01:14:02.729
.com, you can actually get access to the book

01:14:02.729 --> 01:14:05.989
early. We got a PDF out to you so you can see

01:14:05.989 --> 01:14:10.770
what this book is. You also find pre -order links

01:14:10.770 --> 01:14:12.369
online as well as order links for our listeners

01:14:12.369 --> 01:14:15.670
listening later on to buy the book. But for sure,

01:14:15.890 --> 01:14:18.569
we talked about funnels. When you come to yourbusinessgrowthplaybook

01:14:18.569 --> 01:14:22.170
.com, that's your opportunity to opt in to get

01:14:22.170 --> 01:14:25.739
early access PDF. be part of our community of

01:14:25.739 --> 01:14:27.460
like minded entrepreneurs and business owners

01:14:27.460 --> 01:14:32.039
and start that relationship to get you unstuck

01:14:32.039 --> 01:14:35.060
and back to the growth that we all deserve. Yeah,

01:14:35.380 --> 01:14:40.680
I love it. And it's been an eye opener and just

01:14:40.680 --> 01:14:43.100
a way of raising my understanding of businesses

01:14:43.100 --> 01:14:46.539
as well. Just being connected to you and what

01:14:46.539 --> 01:14:49.659
you have again. I mean, it's it's It's amazing.

01:14:49.800 --> 01:14:52.359
So just know that for yourself. And I'm sure

01:14:52.359 --> 01:14:55.079
you do, but just know that from my perspective,

01:14:55.560 --> 01:14:57.720
that's what you have to offer. So Jeremy, thank

01:14:57.720 --> 01:15:02.020
you for being here on the Thrive Bowl journey.

01:15:02.619 --> 01:15:05.560
And I wish all success to you and your book.

01:15:06.279 --> 01:15:08.939
And as we always say, let's make thriving our

01:15:08.939 --> 01:15:11.319
new normal. And we'll see you next week. Love

01:15:11.319 --> 01:15:13.399
it. Thanks for inviting me on and always great

01:15:13.399 --> 01:15:16.680
chatting with you. Absolutely. Absolutely. Before

01:15:16.680 --> 01:15:18.779
you go, I just want to say thank you. Thank you

01:15:18.779 --> 01:15:21.500
for being a part of the Thrabull journey. Every

01:15:21.500 --> 01:15:23.979
time you show up here, you're choosing growth,

01:15:24.500 --> 01:15:26.600
clarity, and the deeper work of becoming who

01:15:26.600 --> 01:15:28.939
you're meant to be in this world. And if you're

01:15:28.939 --> 01:15:31.680
ready to reconnect with what truly lights you

01:15:31.680 --> 01:15:34.380
up, I created something powerful that can help

01:15:34.380 --> 01:15:37.760
you. It's called The Empowered Path, Seven Days

01:15:37.760 --> 01:15:40.939
to Reclaim Your Purpose and Passion. It's a beautifully

01:15:40.939 --> 01:15:43.579
designed guided workbook that walks you through

01:15:43.579 --> 01:15:46.220
a week of powerful prompts, clarity building

01:15:46.220 --> 01:15:50.220
tools, and real mindset shifts. Now you can get

01:15:50.220 --> 01:15:52.960
instant access to it today. It's a small investment

01:15:52.960 --> 01:15:56.420
for a huge return. Your energy, your clarity,

01:15:56.739 --> 01:15:59.859
your alignment. And if you want to take it deeper,

01:16:00.060 --> 01:16:02.739
check this out. I'm offering a limited number

01:16:02.739 --> 01:16:05.380
of free 30 minute purpose coaching sessions.

01:16:05.579 --> 01:16:08.560
No pressure. No pitch, just space for you to

01:16:08.560 --> 01:16:10.739
reconnect with your direction, your gifts, and

01:16:10.739 --> 01:16:13.560
what's next. So you can grab the guide and book

01:16:13.560 --> 01:16:17.039
your session at the link in the show notes. Let's

01:16:17.039 --> 01:16:19.420
not just go through the motions. Let's really

01:16:19.420 --> 01:16:22.680
walk this path on purpose. I appreciate you.

01:16:22.800 --> 01:16:25.600
And like we always say, let's make thriving our

01:16:25.600 --> 01:16:27.500
new normal. And I'll talk to you soon.
