WEBVTT

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Welcome to the Business Abundance Podcast, providing

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the tools and knowledge to help small business

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owners succeed. For additional resources, visit

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www .businessabundance .online. Hello. Welcome

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back to the Business Abundance Podcast. I am

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Zee and I'm here with Rowan. Hello. Ian is out

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of office and so it's just Rowan and I today

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chatting. Short notice cancellation. We are having

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a conversation without him, but that's okay.

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He'll be back in later episodes. Today we're

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going to be chatting about... Starting with your

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why. So a lot of businesses focus on what they

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do, which is important. So that's your services,

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your products, pricing, or how you do it more

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efficiently. But today we're going to be talking

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about something to do with your why. And that's

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inspired by Simon Sinek's start with why. It's

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a pretty simple concept, but we're going to unpack

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that because it's not necessarily easy to. Apply

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and I think that's because it doesn't necessarily

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like you don't sell a product You sell a product

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and you get money for it. Your wire doesn't necessarily

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Bring that in immediately So we're going to unpack

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what it means and lead with your purpose and

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not just your offer and Why that also matters

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to both your customers and your team? Rowan,

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do you want to start with the golden circle?

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No. It's this circle. It starts with a what?

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I want to go somewhere else first. All right,

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go for it. To add to chaos. But we obviously

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talked to this and talked to a lot of people

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about this. And most people that we've talked

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to in the past, it's like, oh, why do you do

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what you do? That is going to go, we want money.

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Let's make the money. And, or why do you do what

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you do, why is that different to anyone else?

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Like, oh, we kind of do the same thing as everyone

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else. We're electricians or we sell chairs or,

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um, there's never too much thought past that.

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So I think if you're listening to this episode,

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you're like, oh, well, here to make money or

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here to do this or whatever. Just probably, um,

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you need a better reason. Um, we've begun, you

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need a niche for your business to operate in.

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not suffering from competition, you get better

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prices, you get a bit of profit, you get better

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team members, you know, if you can't find anyone,

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it's generally because you're the same as everyone

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else, you've got no difference. Yeah, if you're

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selling chairs to make money, someone else is

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selling chairs to make money too, so. Yeah, so

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I'll just go with the one that I make the most

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money at. And so some of the why is for our customers,

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but it's also for our team, because people will

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work for you because they believe in what you

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do. Um, and we do as a business, we need to have

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a purpose to exist. So just want to, to mention

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that. Yeah. We're here to make money. What are

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you talking about? Yeah, that's true. That's

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a blog product. Yeah. It's, I can understand

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it because when, when you say people buy why

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you do it, not, not what you do, it is hard because

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if someone's, um, looking for chairs, let's just

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run with the chair example, they're going to

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look for. a chair that they like the most. And

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yes, but I guess then you can take into consideration

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the quality if someone's, they always sell the

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best quality, but then you can also get stuck

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in, we sell the best quality. We can sell the

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best customer service. So are there other people?

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Yeah. What's your, yeah. What's your customer

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service mean in comparison to theirs? Does it

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mean you answer the phone? faster, because that's

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a race to the bottom. We're talking about why

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do we do what we do and straight away we're talking

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about how we do it. Yeah, exactly. It gets stuck.

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And that's the feeling. So it's easy to go back

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to what we just sell chairs. And then people,

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what do they want? Well, they just want to buy

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a chair. And 100 % true, they do just want to

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buy a chair. But if they have decided the chair

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they want, they know exactly what they're after,

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and they just need someone to sell them a chair,

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you're probably not much more of really a business.

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You're not providing any value aside from the

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chair. So at that point, you're just taking orders,

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aren't you? Yep. So you're an order taker. So

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imagine with your supermarket, just let them

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check themselves out. You'd be convenient for

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them. Or, you know, if in a service firm or if

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you're on the tools, for example, if people are

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paying, you just put roof sheets up. You're a

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sole contractor. You're not a business. You're

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just taking orders from people and doing a job.

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So you don't have a unique difference. They can

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replace you with someone else. Part of the why

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is, if we have a purpose above that, we're trying

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to do something, then we've got a business, we

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can charge people and we're fulfilling a purpose

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or a role in the community. So that's why you

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need to get a bit more scientific about it. Yep.

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So this golden circle, there's three layers to

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it. It's like an onion. The outside layer is

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the what, because everyone knows what they do.

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They are the products or services that you sell.

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And then you go into the middle, which is the

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second layer. That's how you do it. So some know

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how you can do it. That's the part, I guess,

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that makes you a little bit special or set you

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apart. And then in the middle, you've got the

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why. And I would probably argue very few businesses

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know why they do it. Very few. It's not, it's

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not about making the money. That's, that's the

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result. It's the purpose of you and your, your

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business. So the, the belief that you have and

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the very reason that you exist as a business.

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An example for example, an example for an example.

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Beja, I think that's how you say. Spell it out

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so we can check in. B E J A. Cool. So this is

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a French sneaker company and the reason I found

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it was interesting. I was listening to a podcast

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episode about it and it was talking about how

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a lot of people use sustainability now as a marketing

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ploy. It's just a bit of a buzzword. People love

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sustainable businesses. Yeah. Everything on the

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package says this is sustainable, whether it

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be socks or even just the packaging itself. But

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this model focuses on sourcing its natural rubber

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from the Amazon rainforest and their focus is

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protecting the Amazon rainforest. And I think

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they also mentioned that they wanted to employ

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the people that they thought was unemployable.

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And so what they do is they actually partner

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with the local communities in the Amazon rainforest

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and Uh, they're the ones who are sourcing the

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rubber for them. These, this rubber is sourced

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from rubber trees, which I didn't actually know

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existed, but I also didn't realize like how rubber

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came to be. So that was a fun learning curve.

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I was like, Oh, you'd tap it from trees. That's

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random. But also then, yeah, I don't even know

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how you made it, but that was a fun little learning

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curve. Anyway, they tap it from this tree. Uh,

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and they were saying that when you. when you

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consider keeping the trees upright, as opposed

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to flattening it, because the alternative is

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cow farming, they would prefer to keep the trees

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upright. And so they employ the local communities

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for the same amount, if not more, to be sourcing

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this for them. So that's their sustainability

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and everything that they do. focuses on that.

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And so I would argue that's probably sustainability,

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not the buzzword. Yeah. So they're there to save

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their own forest. That's, that's their why. Um,

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so when you, when you look at, uh, your purpose,

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how would you apply that to a small business

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in a small community? To answer that question

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and talk about something else. Go for it. Cause

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I'm good at doing it. Um, it's interesting. You're

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talking about the sustainability is the buzzword

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and all these. that's sustainable with this and

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with this. And the reason they're doing it is

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you can just put it on a label and then people

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are more likely to buy it or more likely to pay

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more for it. It's like the eggs. I remember us

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talking about eggs in a previous podcast. Yeah.

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So this is nicer to the chicken. So we're going

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to buy this one or it's a Tassie devil or whatever

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it was. Yeah, it was. And that's a really easy

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to understand example of why you should know

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the purpose of the business and why you should

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communicate that. Because even if you don't have

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anything to support it, just saying it. You can

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see examples of people getting behind it. And

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that can work two ways. And there's the, probably

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talk about it full, but the, you buy canned tuna.

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And they haven't heard this one. Some say, I

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can't remember how you say it before. I don't

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know how to say it. Go on, spell it. Or it's

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sort of in French, court. And it says dolphin

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friendly. Oh, random. And one of my fun things

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to do is when I see someone eating tuna, just

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check the can. just tell them they're killing

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dolphins. Yeah, yeah, yeah. It's not very nice.

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It's really mean. But obviously dolphins and

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whales and turtles and things get caught in the

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giant nets. Yeah. There's other things that they

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catch them with. So there's more friendly ways

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than others. But so you look up, so saying it's

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dolphin friendly tuna, massive on the can. And

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this is pursin caught. I hope you say that. Sorry,

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I should learn how to say that. Is that the tuna

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brand? No, that's the the way it's caught, the

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method. So no fish aggregating devices and per

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se in court. And the safest method is pole and

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line. Okay. So, you know, is that French for

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pole and line? Is that French? It's French for

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a net. Pretty much. So it's saying we're not

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using fish aggregating devices and it's just

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a nice way of saying something people don't like

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because no one's got to look it up. But it's

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more friendly on the top and it's more, it's

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friendlier. Yeah, definitely. So it's one of

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the better ways to do it. But then there's some

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cans that are more expensive that say pole and

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line caught that are also dolphin friendly, but

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you can't catch a dolphin on a pole and a hook.

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Dolphins know the difference between dead bait

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and live bait and they won't go for dead stuff.

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They're so smart aren't they? And you're not

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catching turtles, you're not catching whales

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with pole and line and you see the videos of

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a bunch of people on the side of the boat just

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going whoop, whoop, whoop with their poles. giant

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tuna over the back, their backs and chuck them

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in the water. That easy. Well, no, you look it

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up. I've never done it. Yeah. So, um, yeah, it's

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an interesting one. Just having that label obviously

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sells a whole lot. Yeah. The dolphin friendly

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because of the emotional. Yeah. Yeah. Correct.

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And then I'll, I'll go. the other way and say,

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you're killing the dolphins because you're not

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using the pole and line court. But most people

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won't look that far in it. They can be covered

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and bossed over. But the best businesses have

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something that's meaningful that people get behind

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and if anyone checks, they go, oh yeah, that

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checks out and they tell everyone and then everyone

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else believes it even more. And then you're in

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your own little spot that's very hard to compete

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with. Very hard for someone to take off for you.

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What was the question? That's a good question.

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Let's talk about why this matters. Or talk about

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why it matters. Well, yes, because customers

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are emotionally driven and they're obviously

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going to connect to the brands that share their

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beliefs. And I guess that comes back to the dolphin.

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Like if you're particularly fond of dolphins,

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the thing I probably caught more into was the

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turtles, obsessed with turtles. And so if someone

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said this is... Killing turtles. Killing turtles,

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I run the other way. Yeah. So yeah, what should

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we be doing to figure it out? Was that the question?

00:12:21.360 --> 00:12:24.639
Yep. Yeah. Okay. So I think I'm looking at what

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your business does or what your business can

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contribute and figure out what that means. So

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I know something we've said here in the past,

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and I'll say potential clients. So we've got

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people that are experienced, we've got people

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that are new. We also have clients that are experienced

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and clients that are new. So we try to mix people

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up along the way. So, you know, if you don't

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need the rolls Royce when you're just starting

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out, but you need good and you need to be quality,

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but we're trying to partner with people. We want

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a good place for our team to work and have a

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good career and learn lots. And we want our clients

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to have a good business, learn lots and be successful.

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And I don't think anyone's ever gone to be, oh

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gee, that's no good. Good feedback if they do.

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Well, that sounds nice Rowan, but what's that

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sort of countering, I guess, and especially in

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this professional place, we want the best. I

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want to deal with the best. Yeah. So you have

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some excellent professionals that deal with a

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lot of people they shouldn't be dealing with.

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They're well outside and they might be paying

00:13:24.879 --> 00:13:26.799
more than they need to just to deal with them.

00:13:27.220 --> 00:13:28.600
There might be they're not getting paid enough

00:13:28.600 --> 00:13:31.720
to do that work. But they come in and say, what

00:13:31.720 --> 00:13:32.759
are you going to do with me? What are you going

00:13:32.759 --> 00:13:35.120
to do for me? Like, why are you the best? Well,

00:13:35.120 --> 00:13:37.620
it's not about that. It's about the result. And

00:13:37.620 --> 00:13:39.960
this is what we're about. Now, do you like that

00:13:39.960 --> 00:13:41.740
or not? And most people go, yeah, that sounds

00:13:41.740 --> 00:13:44.080
fantastic. That's great. Cool. And then it's

00:13:44.080 --> 00:13:45.799
not about what we're doing or how we're doing

00:13:45.799 --> 00:13:47.600
it. Obviously, you've got to have that taken

00:13:47.600 --> 00:13:49.779
care of as well. But that's not the discussion.

00:13:49.860 --> 00:13:52.679
The discussion is, that's fantastic. Yeah, we

00:13:52.679 --> 00:13:55.559
want to be a part of that. So how do you figure

00:13:55.559 --> 00:13:57.539
out yours? It's going, well, what do we like

00:13:57.539 --> 00:13:59.929
and what do we dislike? you know, passionate

00:13:59.929 --> 00:14:02.929
about. So if you're an electrician, are you passionate

00:14:02.929 --> 00:14:06.889
about green energy? Are you passionate about

00:14:06.889 --> 00:14:09.750
cool lighting? You know, because you can do some

00:14:09.750 --> 00:14:12.470
cool lighting stuff these days. Are you passionate

00:14:12.470 --> 00:14:16.990
about comfort? If you're selling chairs, well,

00:14:17.509 --> 00:14:18.789
that sounds pretty boring. I was like, I don't

00:14:18.789 --> 00:14:21.049
want to do examples with chairs. That sounds

00:14:21.049 --> 00:14:25.269
really hard. But it could be, we're passionate

00:14:25.269 --> 00:14:27.850
about comfort. I think, what does that mean?

00:14:28.039 --> 00:14:30.419
Okay, well, most people have whatever couch that

00:14:30.419 --> 00:14:33.320
looks nice, but they have back issues or mobility

00:14:33.320 --> 00:14:36.019
issues. Don't know, you get out of that path.

00:14:37.340 --> 00:14:40.860
So we're about having, you know, the comfiest.

00:14:41.580 --> 00:14:43.980
Our business is about we want you to be as comfortable

00:14:43.980 --> 00:14:48.259
as you can be. And how do we do that? We have

00:14:48.259 --> 00:14:50.399
a range that suits lots of different people's

00:14:50.399 --> 00:14:51.779
lots of different conditions, but we help you

00:14:51.779 --> 00:14:53.940
find that. Not just which one looks cool and

00:14:53.940 --> 00:14:57.860
what color. Yeah. So I guess you can figure that

00:14:57.860 --> 00:15:00.360
out. Ideally, you'd figure it out before you

00:15:00.360 --> 00:15:03.320
started your business, wouldn't you? Or would

00:15:03.320 --> 00:15:09.220
you think people, people would come into it knowing

00:15:09.220 --> 00:15:12.659
that sort of in the back of their mind? Maybe

00:15:12.659 --> 00:15:14.620
a lot of people go into business for freedom,

00:15:14.960 --> 00:15:18.379
for money, you know, more time with family. Yeah,

00:15:18.539 --> 00:15:22.039
let's get the opposite. Yeah. But what I'm, I'm

00:15:22.039 --> 00:15:24.549
trying to play devil's advocate or just sort

00:15:24.549 --> 00:15:28.950
of one of the pushbacks is, um, well, that means

00:15:28.950 --> 00:15:31.809
then I have to change my business model because

00:15:31.809 --> 00:15:35.450
we, I, that's a nice idea. And I want to do that,

00:15:35.450 --> 00:15:38.470
but I then have to change X, Y, and Z, which

00:15:38.470 --> 00:15:40.169
is a lot of time and effort. And I don't have

00:15:40.169 --> 00:15:43.009
time for that. Yep. So what would you say in

00:15:43.009 --> 00:15:45.529
response to that? Well, if you don't have time

00:15:45.529 --> 00:15:47.230
for any of that, then you've basically competing

00:15:47.230 --> 00:15:49.169
with everyone, just providing the service at

00:15:49.169 --> 00:15:50.929
the bottom dollar. You just say, contracted to,

00:15:51.330 --> 00:15:53.120
yeah, we need you to do this. there's nothing

00:15:53.120 --> 00:15:55.299
else. So, you know, if you don't have a bigger

00:15:55.299 --> 00:15:57.700
purpose, like saving the Amazon, it could be

00:15:57.700 --> 00:16:00.059
that we donate to local sporting clubs. Okay,

00:16:00.080 --> 00:16:03.340
well, that's, you can get behind that. If you

00:16:03.340 --> 00:16:06.200
like sport, if you don't, don't. It doesn't have

00:16:06.200 --> 00:16:07.759
to be we're changing the world, but it can be

00:16:07.759 --> 00:16:09.799
changing a community or we commit, you know,

00:16:09.820 --> 00:16:12.659
we have an employee program. We want to be a

00:16:12.659 --> 00:16:14.500
great employer because people have families and

00:16:14.500 --> 00:16:17.120
we want them to have a good job. Yeah, a wide

00:16:17.120 --> 00:16:19.340
range of things, but you ideally can have it

00:16:19.340 --> 00:16:21.120
before it starts because there's no point having

00:16:21.120 --> 00:16:23.750
a business that no one wants to deal with or

00:16:23.750 --> 00:16:25.990
there's not a need for. But if you've already

00:16:25.990 --> 00:16:27.850
started and you don't have it, then it's just

00:16:27.850 --> 00:16:29.750
look at what's important to you or what's important

00:16:29.750 --> 00:16:32.169
to your team. And then how can you integrate

00:16:32.169 --> 00:16:34.690
that into your business? I think a great example

00:16:34.690 --> 00:16:37.190
with the shoe company you just mentioned. You

00:16:37.190 --> 00:16:39.450
want to save the rainforest, we could be a shoe

00:16:39.450 --> 00:16:41.409
company because there's rubber in the rainforest.

00:16:41.690 --> 00:16:43.250
I don't know how they came to it. There's rubber

00:16:43.250 --> 00:16:45.990
trees there. Well, instead of using. chopping

00:16:45.990 --> 00:16:47.509
everything down, putting cows there, which doesn't

00:16:47.509 --> 00:16:49.370
make that much money. We could use rubber that's

00:16:49.370 --> 00:16:51.509
already there, it makes more money. Everyone's

00:16:51.509 --> 00:16:54.490
better off and we can sell shoes. Yep. Fantastic.

00:16:55.149 --> 00:16:56.529
Rather than just looking from the other side

00:16:56.529 --> 00:16:57.870
of the world going, oh, gee, I wish I'd saved

00:16:57.870 --> 00:17:00.929
that, but there was nothing about it. So there's

00:17:00.929 --> 00:17:02.370
two ends of the spectrum there, change your local

00:17:02.370 --> 00:17:04.950
community or change something far away. Yep.

00:17:05.849 --> 00:17:09.549
Yeah, so. I guess the higher purpose definitely

00:17:09.549 --> 00:17:12.049
isn't just some buzzwords that you chuck on the

00:17:12.049 --> 00:17:15.210
wall in the office and hope everyone looks at

00:17:15.210 --> 00:17:18.289
it as they walk past. But it is worth putting

00:17:18.289 --> 00:17:21.609
it together in sentence, paragraph, something

00:17:21.609 --> 00:17:24.150
that you can reflect on and make sure that every

00:17:24.150 --> 00:17:28.470
decision you make aligns with that because I

00:17:28.470 --> 00:17:31.730
guess it's a good, oh, when they say that you

00:17:31.730 --> 00:17:33.490
create a business plan and they want you to make

00:17:33.490 --> 00:17:37.220
the mission and vision. I think we've said before

00:17:37.220 --> 00:17:40.599
in a previous podcast, they seem one of the same

00:17:40.599 --> 00:17:42.420
things. Yeah, it's hard to tell the difference.

00:17:43.460 --> 00:17:45.859
They're technically different, but really. Yeah.

00:17:45.859 --> 00:17:48.339
Yeah. So you put this high purpose together and

00:17:48.339 --> 00:17:52.279
it is a good guide. It's good compass to direct

00:17:52.279 --> 00:17:54.339
your business in a particular way. So if you're

00:17:54.339 --> 00:17:57.539
looking at employing employees and you've got

00:17:57.539 --> 00:18:02.009
a high purpose that... focuses on the Amazon

00:18:02.009 --> 00:18:05.049
rainforest, for example, and your, your employee

00:18:05.049 --> 00:18:09.670
has no interest or opposes that, then they're

00:18:09.670 --> 00:18:12.890
probably not worth employing. So it runs from

00:18:12.890 --> 00:18:15.990
any part of your business from employees to the

00:18:15.990 --> 00:18:17.970
suppliers. You probably won't think you're worth

00:18:17.970 --> 00:18:20.710
working for either. Yeah. But just with the high

00:18:20.710 --> 00:18:22.789
purpose, we jumped into talk to, to the high

00:18:22.789 --> 00:18:24.329
purpose. We didn't explain what it was, but I

00:18:24.329 --> 00:18:26.730
guess it's like a mission or vision, but we prefer

00:18:26.730 --> 00:18:29.349
the high purpose term. Um, because it's like

00:18:29.349 --> 00:18:31.450
what? can your business do even if it's not selling

00:18:31.450 --> 00:18:35.430
chairs? So we sell chairs, but we help business

00:18:35.430 --> 00:18:37.549
owners. So in 50 years time, maybe there's no

00:18:37.549 --> 00:18:39.029
accounts, there's no this, there's no whatever.

00:18:39.450 --> 00:18:41.009
We can still help business owners, right? Because

00:18:41.009 --> 00:18:44.109
there's still going to be business owners. And

00:18:44.109 --> 00:18:46.869
yeah, obviously, the running company can be along

00:18:46.869 --> 00:18:49.230
the lines of saving the rainforest or saving

00:18:49.230 --> 00:18:51.970
the environment, for example. So you don't have

00:18:51.970 --> 00:18:53.549
to sell shoes to do that. You can do it other

00:18:53.549 --> 00:18:55.750
ways, but that's the purpose. So yeah, it's giving

00:18:55.750 --> 00:18:58.250
a guide for you. another reason why you should

00:18:58.250 --> 00:19:00.009
have it. And when people go, oh, I don't know

00:19:00.009 --> 00:19:02.569
how to do blah, blah, blah. Yeah, it's your team.

00:19:03.309 --> 00:19:05.789
So if we can't go and find good staff, that's

00:19:05.789 --> 00:19:07.470
because they're working somewhere else. Why are

00:19:07.470 --> 00:19:08.609
they working somewhere else? Probably because

00:19:08.609 --> 00:19:12.890
they believe in it more. And sports, always a

00:19:12.890 --> 00:19:14.769
good thing to relate to because a lot of people

00:19:14.769 --> 00:19:19.450
understand it. Some people don't, but yeah. But

00:19:19.450 --> 00:19:21.470
a team that has a common purpose is probably

00:19:21.470 --> 00:19:23.930
going to be more successful. Common goal, right?

00:19:24.009 --> 00:19:26.049
It's going to be more successful. Yep. Um, if

00:19:26.049 --> 00:19:27.869
a team's believes that they can get up to the

00:19:27.869 --> 00:19:29.529
next division, that's how, you know, that's what

00:19:29.529 --> 00:19:31.430
we're going to try to change the vision. Cause

00:19:31.430 --> 00:19:32.670
it's going to be huge in the community. Like,

00:19:32.670 --> 00:19:33.690
it's going to be fun. Like we're going to get

00:19:33.690 --> 00:19:35.190
there. Everyone's going to try and get behind

00:19:35.190 --> 00:19:38.009
it. Everyone loves the underdog. Isn't that one

00:19:38.009 --> 00:19:39.750
too? Yep. Yeah. If it's literally a club, we

00:19:39.750 --> 00:19:41.549
rock up, we train, we play like, that's what

00:19:41.549 --> 00:19:44.309
we do. We're just a football club. Like, why

00:19:44.309 --> 00:19:45.809
would you be there instead of somewhere else?

00:19:45.829 --> 00:19:48.089
Yep. So you get a lot of people that will go

00:19:48.089 --> 00:19:49.650
there cause they don't want to have to do all

00:19:49.650 --> 00:19:51.450
the extra effort. They don't want to train hard.

00:19:51.869 --> 00:19:53.609
So you get all that and they're off. We can't

00:19:53.609 --> 00:19:55.029
get those good people. It's not going to happen.

00:19:55.029 --> 00:19:56.869
They're not out there. That's what they'll be

00:19:56.869 --> 00:19:58.910
thinking. Yep. But then that's because all the

00:19:58.910 --> 00:20:02.069
other people don't want to go there. Yep. Yeah.

00:20:02.230 --> 00:20:03.250
And they're not going to go tell you that are

00:20:03.250 --> 00:20:06.990
they? No, but it would be, even if they don't

00:20:06.990 --> 00:20:10.750
realize it themselves, it'll be a subconscious

00:20:10.750 --> 00:20:15.170
decision that they make. Yeah. I actually had

00:20:15.170 --> 00:20:17.289
an experience with that over the weekend, our

00:20:17.289 --> 00:20:19.609
football club. celebrated there a hundred years,

00:20:20.329 --> 00:20:22.890
um, and in the room sold out tickets and there

00:20:22.890 --> 00:20:26.710
was people from all walks of life. And, um, there

00:20:26.710 --> 00:20:29.509
was very much a common theme of why people were

00:20:29.509 --> 00:20:31.829
there supporting for such a long time. I mean,

00:20:32.329 --> 00:20:35.650
one person was on the committee for over 40 years,

00:20:35.650 --> 00:20:37.990
I think, and there's a reason that they stick

00:20:37.990 --> 00:20:41.990
around. And that's that, in this case, common

00:20:41.990 --> 00:20:44.190
theme of my understanding is the people, which

00:20:44.190 --> 00:20:46.809
being a part of that football club is very. There's

00:20:46.809 --> 00:20:49.930
a large community. Yeah. Huge community. Um,

00:20:50.430 --> 00:20:53.569
and yeah, it's a bit, um, people want to stay

00:20:53.569 --> 00:20:57.009
around and that's what builds it. And so you

00:20:57.009 --> 00:20:59.069
could compare that to maybe a different football

00:20:59.069 --> 00:21:02.039
club that. Yeah, people turn up and just want

00:21:02.039 --> 00:21:03.839
to play football. I argue most clubs would be

00:21:03.839 --> 00:21:05.599
like that though. Yeah, yeah. And that's the

00:21:05.599 --> 00:21:07.200
thing, the people there would have that connection

00:21:07.200 --> 00:21:08.920
to the community or the club, they have that

00:21:08.920 --> 00:21:10.839
purpose, together we're achieving something or

00:21:10.839 --> 00:21:12.200
if I don't do it, no one else will do it, but

00:21:12.200 --> 00:21:14.740
we need to do it. Yeah. And we sort of lose that

00:21:14.740 --> 00:21:15.980
in business because it's about the business side

00:21:15.980 --> 00:21:17.819
of making money. Yeah. As far as that means to

00:21:17.819 --> 00:21:20.559
anyone, nothing. So then why would they stick

00:21:20.559 --> 00:21:23.839
around? Yeah. No reason. So we're just trying

00:21:23.839 --> 00:21:27.450
to capture that. Yeah. Yeah, so. When you put

00:21:27.450 --> 00:21:31.589
this higher purpose together, you need to focus

00:21:31.589 --> 00:21:36.910
on not the business that you feel people want

00:21:36.910 --> 00:21:41.349
to have. It needs to be your, so for example,

00:21:41.609 --> 00:21:45.250
you can't, don't be swayed by what people feel

00:21:45.250 --> 00:21:48.910
the need is, if that makes sense. So I'm not

00:21:48.910 --> 00:21:50.869
going to shape my higher purpose around what

00:21:50.869 --> 00:21:54.809
I think you think I should be doing. You've got

00:21:54.809 --> 00:21:57.470
to agree with it, I guess. Well, but then wouldn't

00:21:57.470 --> 00:22:00.450
you make your business model? You want to make

00:22:00.450 --> 00:22:02.109
it around customers? It's a great idea. You want

00:22:02.109 --> 00:22:03.329
to make it around your customers too, though?

00:22:03.609 --> 00:22:07.849
It would, but if you're not living it out. You've

00:22:07.849 --> 00:22:09.710
got to believe in it. Yeah, there's got to be

00:22:09.710 --> 00:22:11.490
some sort of integrity behind it. It's no point

00:22:11.490 --> 00:22:13.380
having a business that you don't want to. be

00:22:13.380 --> 00:22:15.079
involved with. So I think it's finding a purpose

00:22:15.079 --> 00:22:16.779
that people believe in, that you also believe

00:22:16.779 --> 00:22:18.859
in. You know, you can make some change with that.

00:22:19.119 --> 00:22:20.380
Whereas if you, if you, it doesn't matter how

00:22:20.380 --> 00:22:22.500
well you love it, if no one else loves it, there's

00:22:22.500 --> 00:22:24.660
no business, right? But yeah, what you're saying

00:22:24.660 --> 00:22:27.619
is you want it to be authentic. So it needs to

00:22:27.619 --> 00:22:30.559
be backed by you actually believe it. Yeah. And

00:22:30.559 --> 00:22:32.680
then your team, like team members will believe

00:22:32.680 --> 00:22:40.160
it. Yeah. So Cinex take Cinex? Cinex? We should

00:22:40.160 --> 00:22:44.109
learn how to say things. Not at all for some

00:22:44.109 --> 00:22:46.549
internal feedback. That's okay for each other.

00:22:47.730 --> 00:22:53.049
Um, his takeaway, uh, yes. The goal is not to

00:22:53.049 --> 00:22:55.829
do business with people who need what you have.

00:22:55.950 --> 00:22:58.569
The goal is to do business with people who believe

00:22:58.569 --> 00:23:02.759
what you believe, which I think sums it up. Yeah.

00:23:03.059 --> 00:23:06.380
Perfectly from the man himself. Um, I had a client,

00:23:06.920 --> 00:23:09.920
uh, well, we have a client and, um, a friend,

00:23:09.960 --> 00:23:11.980
a friend came around and they're looking at the

00:23:11.980 --> 00:23:13.599
solar Pagola, which I think it's been on another

00:23:13.599 --> 00:23:15.480
podcast, but there's a solar Pagola. It's a Pagola

00:23:15.480 --> 00:23:16.980
in the backyard. It's got solar panels on the

00:23:16.980 --> 00:23:18.880
top. It's just makes more sense than having a

00:23:18.880 --> 00:23:21.720
Pagola without solar in a solar system. Solar

00:23:21.720 --> 00:23:24.730
Pagola. won an award and um he's looking at he's

00:23:24.730 --> 00:23:26.470
asked me questions about and he's really interested

00:23:26.470 --> 00:23:29.230
and he's an electrician and he goes oh who did

00:23:29.230 --> 00:23:32.049
it i told him the company and uh he goes oh yeah

00:23:32.049 --> 00:23:33.569
i was looking at them i've heard they're gonna

00:23:33.569 --> 00:23:35.809
they really believe in this renewal energy stuff

00:23:35.809 --> 00:23:37.650
and i read and this other company doesn't look

00:23:37.650 --> 00:23:41.490
after their stuff that's a short story and um

00:23:41.490 --> 00:23:43.789
i didn't say anything because don't want to be

00:23:43.789 --> 00:23:45.349
biased or influenced and i like to hear what

00:23:45.349 --> 00:23:48.849
people say um unfiltered but that's a great example

00:23:48.849 --> 00:23:54.019
of it that they believe in that. That's the first

00:23:54.019 --> 00:23:56.359
thing they mentioned. Not, oh yeah, they sell

00:23:56.359 --> 00:23:58.440
lights. He's gone, oh yeah, I'm going to deal

00:23:58.440 --> 00:23:59.980
with it because I've heard this, you know, I

00:23:59.980 --> 00:24:01.259
think they really believe that. So I'm going

00:24:01.259 --> 00:24:02.619
to go down that path. There's nothing to do with,

00:24:02.700 --> 00:24:04.960
I'm going to price check them or it's gotta be

00:24:04.960 --> 00:24:08.859
reasonable. Yeah, a hundred percent. So pretty

00:24:08.859 --> 00:24:14.359
nice. Yep. Yeah. It's a good, um, good practice,

00:24:14.359 --> 00:24:17.819
I guess, if things are feeling a little bit chaotic

00:24:17.819 --> 00:24:20.119
or you're not really sure of the direction, sit

00:24:20.119 --> 00:24:22.400
down and. think about the way that you want the

00:24:22.400 --> 00:24:24.559
business ahead and what you believe in. The impact

00:24:24.559 --> 00:24:27.079
it's going to have. Yeah. And I think, yeah,

00:24:27.079 --> 00:24:28.799
if you can look at that from that point, what

00:24:28.799 --> 00:24:30.980
impact is the business having on the world as

00:24:30.980 --> 00:24:32.740
a whole? If you can get that right, the rest

00:24:32.740 --> 00:24:35.220
will follow pretty well. You'll find team members

00:24:35.220 --> 00:24:36.859
that believe and they're happy to help and put

00:24:36.859 --> 00:24:38.480
in an extra effort. You'll find customers that,

00:24:38.480 --> 00:24:40.460
you know, we're happy to pay and we actually

00:24:40.460 --> 00:24:43.039
appreciate what you do. And if you're in a position

00:24:43.039 --> 00:24:44.420
where you're like, oh, that's too far a jump,

00:24:44.460 --> 00:24:46.160
like we don't make money and no one wants to

00:24:46.160 --> 00:24:48.380
work for us and it's all horrible. you definitely

00:24:48.380 --> 00:24:50.400
can't do that. So you already know that's not

00:24:50.400 --> 00:24:52.420
working, so that's probably more reason to change.

00:24:53.880 --> 00:24:57.039
Yeah. Oh, Simon also talks about the law of diffusion

00:24:57.039 --> 00:25:02.680
innovation. Tell more. In his talk, so basically

00:25:02.680 --> 00:25:06.440
we've got a bit of a bell curve on a graph that

00:25:06.440 --> 00:25:09.779
you've got the early majority and the late majority

00:25:09.779 --> 00:25:11.460
when we're talking about customers and people

00:25:11.460 --> 00:25:15.329
adopting new technology. So the further along

00:25:15.329 --> 00:25:17.210
the curve of the people that don't change unless

00:25:17.210 --> 00:25:19.430
they have to. So, you know, my auntie back in

00:25:19.430 --> 00:25:21.549
the day, I bought her a mobile phone for Christmas

00:25:21.549 --> 00:25:23.769
and she cried and got really upset because she

00:25:23.769 --> 00:25:27.049
didn't want one. But everyone, everyone had one.

00:25:29.220 --> 00:25:30.880
She's still using the landline. Like it's not

00:25:30.880 --> 00:25:33.460
even a thing then. So she's, she was on the,

00:25:33.460 --> 00:25:35.339
the laggards. Then she still had a, I can't remember

00:25:35.339 --> 00:25:36.980
what they're called, but the washing machine

00:25:36.980 --> 00:25:38.880
is just open top and just goes swish, swish,

00:25:38.920 --> 00:25:40.519
swish. And then it's got a roller out the side.

00:25:40.599 --> 00:25:42.019
You put the clothes through to ring them out.

00:25:42.140 --> 00:25:44.380
It doesn't even spin, you know? She's still,

00:25:44.380 --> 00:25:46.380
still washing with that. Just getting parts made

00:25:46.380 --> 00:25:49.160
for it. To this day. Pretty sure. Yeah. Impressive.

00:25:49.180 --> 00:25:50.880
It was five years ago. Commitment. Two years

00:25:50.880 --> 00:25:53.339
ago, actually. Yeah. So it gets parts made for

00:25:53.339 --> 00:25:55.279
it. Cause I don't make the parts anymore. Yep.

00:25:56.919 --> 00:25:58.740
Anyway, but on the other end of the bell curve

00:25:58.740 --> 00:26:03.079
before the early majority, you've got the innovators

00:26:03.079 --> 00:26:07.059
and early adopters. So they're the people that

00:26:07.059 --> 00:26:10.119
want to try the newest gadgets. Yeah, well, that's

00:26:10.119 --> 00:26:11.619
cool. We just want to show off what we want to

00:26:11.619 --> 00:26:13.240
try. We want to be first with lots of different

00:26:13.240 --> 00:26:15.200
reasons, but there's a very small, especially

00:26:15.200 --> 00:26:17.880
there's like 0 .5 and it's followed by a 2 .5%.

00:26:17.880 --> 00:26:21.099
Very small number of people, but they're not

00:26:21.099 --> 00:26:23.880
buying the product. the chair, same as everyone

00:26:23.880 --> 00:26:27.180
else, they're buying the latest TV. He talks

00:26:27.180 --> 00:26:28.960
about the flat -screen TV and they just talk

00:26:28.960 --> 00:26:31.880
about the latest drone or the newest phone or

00:26:31.880 --> 00:26:38.240
whatever feature you want. And so they buy into

00:26:38.240 --> 00:26:41.099
why you do something and where we're going to

00:26:41.099 --> 00:26:44.119
go, what we believe in, and then a lot of the

00:26:44.119 --> 00:26:46.859
mainstream then follow. So you need, I know a

00:26:46.859 --> 00:26:49.569
friend who has that. If it's the newest, latest

00:26:49.569 --> 00:26:50.710
thing, they'll be like, oh, I don't know what

00:26:50.710 --> 00:26:52.569
that is. I don't trust it. I don't believe it.

00:26:53.049 --> 00:26:54.910
I'll let someone else. Yeah, it might go away.

00:26:54.990 --> 00:26:57.029
It might not be a thing. But then once you start

00:26:57.029 --> 00:26:59.589
seeing people pick stuff up, then, oh, my friend

00:26:59.589 --> 00:27:01.589
has that. Everyone's got that. And then this

00:27:01.589 --> 00:27:04.289
large chunk of people follows through. So it's

00:27:04.289 --> 00:27:06.210
another reason he talks about why you need to

00:27:06.210 --> 00:27:07.890
sort of understand your why. You need to have

00:27:07.890 --> 00:27:09.390
those people that are going to lead the way and

00:27:09.390 --> 00:27:11.329
be accustomed with you and try that new service

00:27:11.329 --> 00:27:13.809
and give you a whirl and they'll promote you

00:27:13.809 --> 00:27:18.480
to everyone else. But the general thing is we're

00:27:18.480 --> 00:27:21.160
not marketing to everyone, we're marketing to

00:27:21.160 --> 00:27:28.399
those who will believe on what we believe. in

00:27:28.399 --> 00:27:31.440
his explanation or in his book, because he does

00:27:31.440 --> 00:27:33.059
have an entire book. So if you're interested,

00:27:33.240 --> 00:27:34.660
go have a read. He's pretty well out of his TED

00:27:34.660 --> 00:27:38.579
Talk. Yeah, out of his TED Talk. He does also

00:27:38.579 --> 00:27:41.640
talk about, I guess, the biology behind it with

00:27:41.640 --> 00:27:44.740
the limbic brain and everything like that. Talks

00:27:44.740 --> 00:27:46.920
about the Wright brothers and flying. He might

00:27:46.920 --> 00:27:48.759
as well have a listen to it. He says this whole

00:27:48.759 --> 00:27:51.400
thing is a lot better than we have. Yeah, he's

00:27:51.400 --> 00:27:54.910
very talented. Yeah, so I guess there's more

00:27:54.910 --> 00:27:57.609
information that can come with all of this. And

00:27:57.609 --> 00:28:01.430
if you want to know the science behind it, we

00:28:01.430 --> 00:28:04.190
can write that out in one of our knowledge posts

00:28:04.190 --> 00:28:09.650
on the website. But yeah, this is very important

00:28:09.650 --> 00:28:12.329
to help direct your business and I guess ensure

00:28:12.329 --> 00:28:16.670
or give you the best chance of longevity. So

00:28:16.670 --> 00:28:19.390
have a read. We'll add some more information

00:28:19.390 --> 00:28:22.130
in the notes and also have some more information

00:28:22.130 --> 00:28:25.230
on our website. But we'll be talking to you soon.
