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Feb. 17, 2022

The “When”: Is there ever a good time?

The “When”: Is there ever a good time?

When is the right time to start a business? Research shows that over 50% of all adults and approximately 70% of college students say they want to be entrepreneurs. By 2027, 86.5 million of the workforce will be freelancing in the U.S. and an amazing 50% of the workforce will likely start a business. What’s driving these statistics? Is it age? Opportunity? Cash flow? A global economy? Is there ever a right time? The when is as unique as the entrepreneur and their circumstance. As an aspiring or serial entrepreneur, it is about being able to create the right time and be open to the opportunities to jump on the Entrepreneur’s trip. Now is a good time to join X.T.C. and be part of the conversation!

Transcript
WEBVTT 1 00:00:00.520 --> 00:00:09.279 Welcome to the entrepreneurs trip. We are EXTC with Tolanda trust and I'm Chris. 2 00:00:09.679 --> 00:00:13.800 And as an entrepreneur starting outgrowing your business, you may have a destination, 3 00:00:14.080 --> 00:00:17.280 but the journey getting there can be a trip. We want to be 4 00:00:17.320 --> 00:00:22.320 your travel companions and injected dose of EXTC as we explore real life conversations about 5 00:00:22.399 --> 00:00:27.600 navigating the world of entrepreneurship and the US and the Caribbean. So here with 6 00:00:27.760 --> 00:00:34.359 my esteemed colleagues and fellow hosts on the EXTEC PODCASTS, we have already talked 7 00:00:34.359 --> 00:00:39.359 about the what and how of entrepreneurship and the WHO and the why of entrepreneurship. 8 00:00:39.399 --> 00:00:42.920 Now we're going to talk about the win. When is their right time? 9 00:00:43.880 --> 00:00:47.159 Is there a right time? And so I want to start off with 10 00:00:47.280 --> 00:00:53.679 just a couple little statistics here to kind of Pref us in this conversation. 11 00:00:53.679 --> 00:00:59.759 So the Kaufman Foundation reports that half of all adults over set and over seventy 12 00:00:59.759 --> 00:01:04.079 percent of college students say they want to become entrepreneurs. A stat by a 13 00:01:04.159 --> 00:01:10.640 SATISTA estimates that by two thousand and twenty seven eighty six point five million people 14 00:01:10.640 --> 00:01:15.319 will be freelancing in the United States and amazing fifty point nine percent of the 15 00:01:15.359 --> 00:01:21.959 total workforce. So in just a few years, over fifty percent of the 16 00:01:22.000 --> 00:01:25.719 workforce in the United States will be running their own business or starting their own 17 00:01:25.760 --> 00:01:30.560 business. The one red flag that I do want to kind of wipe out 18 00:01:30.599 --> 00:01:34.480 to begin with is a lot of people, immediately, when it comes to 19 00:01:34.560 --> 00:01:38.000 like the window have become an entrepreneur, they go to age and whether or 20 00:01:38.040 --> 00:01:44.239 not they still have it in them to, you know, to become successful. 21 00:01:44.280 --> 00:01:49.879 So I didn't want to point out once that here. That is according 22 00:01:49.920 --> 00:01:53.799 to findings from the National Bureau of Economic Research, the average entrepreneur is forty 23 00:01:53.879 --> 00:01:59.480 years old and the average age of leaders of high gross startups is forty five 24 00:01:59.560 --> 00:02:06.000 years old. There are countless stories out there of entrepreneurs who started late in 25 00:02:06.040 --> 00:02:08.240 life, people that we, you know, all look too for. You 26 00:02:08.280 --> 00:02:13.639 know, some of the greatest inventions in the world are people who started, 27 00:02:14.039 --> 00:02:16.680 you know, in their S S, s or even s and svent s. 28 00:02:16.759 --> 00:02:23.039 So if age is not an issue, the question is when does entrepreneurship 29 00:02:23.080 --> 00:02:27.039 when is it a right time? When this a wrong time? We already 30 00:02:27.120 --> 00:02:31.680 kind of had in our previous episode. I did say that I may not 31 00:02:31.719 --> 00:02:38.000 have started my business you know the right way, but Tristan and Chilanda, 32 00:02:38.560 --> 00:02:44.919 you know, as as my fellow travelers on this trip, help me realize 33 00:02:45.000 --> 00:02:47.560 that I didn't really started a wrong way or at the wrong time. It 34 00:02:47.599 --> 00:02:53.039 was just my journey and my unique journey. So as we get into this, 35 00:02:53.159 --> 00:02:57.000 here's, you know, just a couple bullet points of when, when 36 00:02:57.120 --> 00:03:00.400 might be a right time and when might be a time to disconser sitter holding 37 00:03:00.439 --> 00:03:05.080 back. But that does not mean that these should apply to everyone or to 38 00:03:05.159 --> 00:03:07.240 you. Your story is going to be unique. So I just want to 39 00:03:07.280 --> 00:03:12.960 clarify with that. So the win is yes, candy jump in for a 40 00:03:13.000 --> 00:03:19.439 second. I just love Chris Right like he comes a he drops all these 41 00:03:19.560 --> 00:03:24.000 nuggets on us, but to be honest, I had to pause because Chris 42 00:03:24.039 --> 00:03:35.840 opens the episode as my esteem guess, Chris Brother from another I think of 43 00:03:35.960 --> 00:03:53.639 like salt and pepper. The other thing that got me is when you said 44 00:03:53.680 --> 00:04:08.280 the average age of entrepreneurs are forty, and I'm like, you could believe 45 00:04:08.319 --> 00:04:13.439 that, Chris? The average age just a middle Shalot. That the middle. 46 00:04:13.560 --> 00:04:20.720 So listen, we're talking about when is a right time. I know, 47 00:04:21.000 --> 00:04:24.839 I know, I'm breaking it up and I'm trying to inject some humor, 48 00:04:24.879 --> 00:04:30.480 but I completely missed this as because I was like the steam guest and 49 00:04:30.959 --> 00:04:38.800 all right, I've got away with the esteem. Guess. I was like, 50 00:04:38.800 --> 00:04:43.279 oh, he's professhion. This is what happened when you put this cap 51 00:04:43.279 --> 00:04:46.519 on. Everybody else thought to see you, like we just kicking it on 52 00:04:46.560 --> 00:04:53.399 the couch. Christ likes are my steed guess, and call on this trip 53 00:04:53.519 --> 00:05:03.839 together, I'm the boring pilot, like whether we you get there. Listeners 54 00:05:04.000 --> 00:05:08.920 realize. This is what I hope is realized, is that when we do 55 00:05:09.000 --> 00:05:14.360 our podcasts we really do our homework. We're bringing data, industry standards, 56 00:05:14.439 --> 00:05:17.360 best practices and all that stuff. But you know, you got to inject 57 00:05:17.439 --> 00:05:23.079 humor in this, in this you tell you, if you stay with the 58 00:05:23.120 --> 00:05:26.360 stats, you'd be like, Oh, this right, really, because the 59 00:05:26.560 --> 00:05:30.160 wrestling quick Yep, yeah, yeah, but Chris, something knows that. 60 00:05:30.240 --> 00:05:36.319 You said that all that. If I could. Yeah, that that really 61 00:05:36.439 --> 00:05:41.120 I don't want to say it. Hole was when you said the average age 62 00:05:41.279 --> 00:05:46.079 was forty. So I remember when I first started out. I'm sorry, 63 00:05:46.439 --> 00:05:50.319 no, I'm gonna just kick it to you. Really, I know I'm 64 00:05:50.360 --> 00:05:59.360 the Old Lady on this podcast, you know, but you into I'm just 65 00:05:59.439 --> 00:06:08.920 easy to it's there just like a tribute about you know who, my who, 66 00:06:08.920 --> 00:06:15.160 my favorite entrepreneurs are right, I have to be heard. That pasself. 67 00:06:18.279 --> 00:06:21.439 What know what he said that? It reminded me of when I first 68 00:06:21.480 --> 00:06:30.079 started. I have an aunt. What did they they were contents and it 69 00:06:30.240 --> 00:06:33.600 hit me because I was about, I don't know, I graduated college. 70 00:06:33.680 --> 00:06:39.040 I might have been about twenty two or something like that. And two one, 71 00:06:39.399 --> 00:06:42.639 twenty and twent I was like, I'm doing a business and what a 72 00:06:42.680 --> 00:06:47.319 lot of love I felt. They said things not to discourage me, but 73 00:06:47.439 --> 00:06:53.240 just really help you to think. And what it was was that she was 74 00:06:53.279 --> 00:06:57.279 like, why don't you go work for a company first? Why you don't 75 00:06:57.360 --> 00:07:00.839 do this? So it was like, you know, this isn't the time 76 00:07:00.000 --> 00:07:03.199 to do it. Go work for somebody else, go get that experience and 77 00:07:03.240 --> 00:07:09.959 then when you get it, then you try it. And when you said 78 00:07:10.040 --> 00:07:15.199 forty kind of resonated because I think they might have been wait, they might 79 00:07:15.240 --> 00:07:18.920 have been just a little further from that age. However, that's how they 80 00:07:19.000 --> 00:07:26.480 want about it, though. They worked its account infirm for years, like 81 00:07:26.680 --> 00:07:30.879 years years, until the owner, I think he past or something, and 82 00:07:30.920 --> 00:07:34.319 then it was like almost like they bought it from him, or, God, 83 00:07:34.360 --> 00:07:36.439 I won't say get it from him. I think it was even to 84 00:07:36.519 --> 00:07:44.319 a point like right before him croaking. It was like, oh well, 85 00:07:44.360 --> 00:07:46.240 we turn over the business for you. It's still like in their name and 86 00:07:46.319 --> 00:07:49.399 whatever it is, and then you just run the business for x amount of 87 00:07:49.480 --> 00:07:53.839 years. I believe you made some residual off of that. And then I 88 00:07:53.879 --> 00:07:57.560 was it when I was like, you know, at the age forty. 89 00:07:57.600 --> 00:08:01.199 The one thing I think between he said forty, Solana, I'm a kick 90 00:08:01.240 --> 00:08:03.720 it to you for real, for real. I was thinking of five thousand 91 00:08:03.720 --> 00:08:07.480 two hundred and sixty five. And here's why. Because after you invest, 92 00:08:07.480 --> 00:08:16.720 hold on, hold on, after you invest those thirty years, right after 93 00:08:16.800 --> 00:08:22.959 you at that age, about that age, is when I find like you 94 00:08:24.040 --> 00:08:28.959 have that little wiggle room with which your class cash flow. So then it 95 00:08:28.959 --> 00:08:31.480 becomes like it's easier to toss some money in and this, it's easier to 96 00:08:31.559 --> 00:08:37.559 do this all. It's not. It's it's not as hard to start up 97 00:08:37.600 --> 00:08:41.759 because you've gained some capital over those years. So when you read those starts, 98 00:08:41.759 --> 00:08:46.399 I was like what that that? It kind of makes sense. It 99 00:08:46.559 --> 00:08:50.279 kind of makes sense. But why? But why bloom that? Like, 100 00:08:50.519 --> 00:08:56.759 like, why can't we just boom whenever? You know what? I'll let 101 00:08:56.799 --> 00:09:00.120 you, I'll let you get into it. Yeah, I'm glad you you 102 00:09:01.000 --> 00:09:07.000 kind of course corrected towards the end. Why can't we bloom whenever? Because, 103 00:09:07.279 --> 00:09:11.519 no, seriously, because, as my initial response was, forty fifty. 104 00:09:11.679 --> 00:09:16.960 I mean, if you feel compelled to start before, start before, 105 00:09:18.039 --> 00:09:20.919 you know, in a twenty, in a two thousand and twenty fourbes article. 106 00:09:22.240 --> 00:09:26.279 It's titled when it's a right time to start a business, and basically 107 00:09:26.320 --> 00:09:31.279 the author answer was there's never a right time to start a business right. 108 00:09:31.320 --> 00:09:37.279 That's all I'm there will always be a reason to put off your entrepreneurial goals, 109 00:09:37.320 --> 00:09:43.440 and it really comes down to creating the right time. Hm, you 110 00:09:43.519 --> 00:09:46.200 know. Because, okay, I'm going to let you guys in on a 111 00:09:46.240 --> 00:09:52.639 little secret. Like when I'm not running my business, I'm binge watching on 112 00:09:52.679 --> 00:09:58.200 Netflix, or who will right? And this this this new series hype house. 113 00:09:58.240 --> 00:10:03.879 Have you guys seen that? Okay, so I was like, let 114 00:10:03.879 --> 00:10:09.559 me watch this. It's a house in California where they put a bunch of 115 00:10:09.720 --> 00:10:13.080 tack pack influencers in the same house. Yes, yes, I heard about 116 00:10:13.120 --> 00:10:20.039 it. Sorry, these are teenagers. Right early s they got like thirty 117 00:10:20.120 --> 00:10:26.159 followers. Now, how long is tick ticks been in business? It's I 118 00:10:26.240 --> 00:10:28.759 mean when you compared to like facebook and Instagram, it's real. It's anally 119 00:10:30.799 --> 00:10:35.919 right. But here it is. You have these teenage kids going on and 120 00:10:35.960 --> 00:10:39.919 making these videos and all of it might seem like all of a sudden, 121 00:10:39.960 --> 00:10:43.120 but you know, the little black story is it takes a little longer. 122 00:10:43.159 --> 00:10:48.159 But they have like fifty, thirty million followers. Fifty million followers living in 123 00:10:48.200 --> 00:10:52.600 these mega mansions and having all this money. And one of them, Charlie 124 00:10:54.240 --> 00:10:58.120 what, she has another spinoff episode. But her point was I never thought 125 00:10:58.240 --> 00:11:03.159 I would have that amount of influence. I never thought that I would have 126 00:11:03.759 --> 00:11:07.879 a business. I never thought, and now she's wrenching out she's having a 127 00:11:07.919 --> 00:11:11.639 clothing line, she's having all this stuff. So basically, the lung and 128 00:11:11.720 --> 00:11:18.000 short of it is that there's really never a right time to start a business. 129 00:11:18.039 --> 00:11:20.480 You need to be able to create the right time and be open to 130 00:11:20.559 --> 00:11:28.720 win their opportunities to jump into the entrepreneurship trip. Yeah, so one thing 131 00:11:28.759 --> 00:11:31.279 that goes with that too long, really quickly, is that. You just 132 00:11:31.320 --> 00:11:37.480 said it on Shalana. It's timing, an opportunity. That's what a lot 133 00:11:37.279 --> 00:11:41.759 that that that's what success comes down to, and a little bit of look, 134 00:11:41.639 --> 00:11:46.039 was just a yeah, Opportunity. You know, you will look at 135 00:11:46.120 --> 00:11:50.279 all thinking about it. Like I remember Jay Z in the Jayz story. 136 00:11:50.480 --> 00:11:54.879 I think you want to tour Europe instead of being on the streets in New 137 00:11:54.960 --> 00:11:58.399 York for certain period of time when the guy that he was running with got 138 00:11:58.440 --> 00:12:01.440 locked up. So if he know, if he was there at that point 139 00:12:01.480 --> 00:12:05.240 inside. So I'm in an opportunity. He would have been a jail with 140 00:12:05.360 --> 00:12:09.919 him in a long so again, like you're just saying, it's just that 141 00:12:11.799 --> 00:12:16.639 time in an opportunities key. Yep, it's yeah, and I would ask 142 00:12:16.679 --> 00:12:22.559 so I actually so my three points that I had preped here where for one 143 00:12:22.679 --> 00:12:28.360 is, yeah, when preparation and opportunity aligned, which shund, I mean, 144 00:12:28.519 --> 00:12:30.480 trust me, you're just talking about that and you we've been talking about 145 00:12:30.480 --> 00:12:33.759 the you know, the couple that you know, we're in theirs and saying, 146 00:12:33.799 --> 00:12:37.960 you know, why don't you go get a job for seal the market? 147 00:12:37.639 --> 00:12:43.919 And that is the probably the most academically correct a way to do it 148 00:12:43.960 --> 00:12:48.600 if you were to say like business device, following rules. The other two 149 00:12:50.840 --> 00:12:56.360 areas that I said would be the right time to start is a when you 150 00:12:56.399 --> 00:12:58.799 can no longer afford to, and that can be in two different ways. 151 00:12:58.799 --> 00:13:05.279 Whether it is your soul can no longer afford to not be doing you're just 152 00:13:05.360 --> 00:13:11.000 that passionate about making that change or making that jump. And then the other 153 00:13:11.000 --> 00:13:15.480 one is when you can no longer apport to. Is like Shalanda, you 154 00:13:15.480 --> 00:13:18.519 mentioned you were on for a weight with your daughter and your daughter said, 155 00:13:18.600 --> 00:13:20.360 you know, you have all these people calling you all the time like when 156 00:13:20.360 --> 00:13:26.279 are you going to start Your Business? So when the when? The demand 157 00:13:26.279 --> 00:13:31.000 from your potential customers or your audience. It's telling you that it's time to 158 00:13:31.039 --> 00:13:37.039 become an entrepreneur because you've already established all selling. That so telling. If 159 00:13:37.039 --> 00:13:39.919 you're selling pies, you know, out of your kitchen and all of a 160 00:13:39.960 --> 00:13:45.279 sudden everybody's like in the neighborhood needs a pie, you know, once or 161 00:13:45.320 --> 00:13:48.960 twice a week and now you're making more money's with making pies and you were 162 00:13:48.960 --> 00:13:52.120 at your nine hundred and twenty five, then that's, you know, life 163 00:13:52.120 --> 00:13:54.720 telling you. And then my other one is when and this kind of happened 164 00:13:54.759 --> 00:13:58.720 to me, is when life pushes you into it face first. Uh, 165 00:14:00.240 --> 00:14:03.159 so, there is you know, ideally you want to create and prepare for 166 00:14:03.279 --> 00:14:09.120 it. For me, with like my documentary, yes, it was a 167 00:14:09.120 --> 00:14:15.559 timing thing where the Hurricane Hercan Maria hit Puerto Rico, but for me it 168 00:14:15.600 --> 00:14:20.840 was actually my job. I had basically been promised. They promotion at my 169 00:14:20.000 --> 00:14:26.879 year end review and everything, and they basically took that out from under me. 170 00:14:26.240 --> 00:14:31.360 Or unpromised. It's I was at a point of all right, go 171 00:14:31.559 --> 00:14:35.120 I continue working the nine hundred and twenty five that I'm clearly no longer appreciated 172 00:14:35.200 --> 00:14:39.559 at, or do I go and yet like tape, take the sleep of 173 00:14:39.600 --> 00:14:43.919 faith. And so for me it was I hadn't really prepared for it. 174 00:14:43.919 --> 00:14:46.919 I was like, I don't feel prepared, but I feel like this is 175 00:14:46.200 --> 00:14:52.000 life saying it's time for you to do something. Yep, yeah, it's. 176 00:14:52.080 --> 00:14:56.360 It's growth, though, so I'm sorry, it's growth. So realistically 177 00:14:56.399 --> 00:15:00.320 we'd never be prepared for it right, because that's I it is one of 178 00:15:00.360 --> 00:15:05.600 those things where you come up with a checklist of thin ten things that I 179 00:15:05.639 --> 00:15:09.039 need to start this business and then you get to the ten thing and then 180 00:15:09.080 --> 00:15:13.440 you were like, oh wait, you know what, I could do seven 181 00:15:13.559 --> 00:15:18.240 better right now. So I'm gonna put that as eleven, because now I 182 00:15:18.279 --> 00:15:20.320 need to make sure I'm doing it to this standard or I'm doing it to 183 00:15:20.480 --> 00:15:24.159 that. So we keep finding reason, we keep finding more why not just 184 00:15:24.320 --> 00:15:28.879 to the wise? And then she sick, because what we look at it 185 00:15:28.919 --> 00:15:35.720 as is like, I don't suggest like that task and not growth. It's 186 00:15:35.759 --> 00:15:39.080 always going to be a milestone that's down the road and never what we're doing 187 00:15:39.159 --> 00:15:43.480 now. So you know, it's that's not for me now. That's not 188 00:15:43.519 --> 00:15:46.159 for me now. Always for me. When I hit thirty. Make sure 189 00:15:46.159 --> 00:15:48.759 you know. You hit thirty and you're like yeah, but I don't have 190 00:15:48.799 --> 00:15:52.000 the finances to do it. At thirty I'm awaiting until thirty five. And 191 00:15:52.039 --> 00:15:54.559 at thirty five you got the finances and you're like yeah, but I don't 192 00:15:54.679 --> 00:15:58.559 have that, I don't have the following. I need to get the following 193 00:15:58.679 --> 00:16:03.720 first, and before you know it you're a talking about I had a wonderful 194 00:16:03.799 --> 00:16:06.960 idea of starting this business that I never did. But you know what, 195 00:16:07.360 --> 00:16:11.120 you guys could do it or you can't do it because it's going to take 196 00:16:11.320 --> 00:16:12.559 x Y Z, it's going to do this, is going to do that, 197 00:16:12.639 --> 00:16:21.519 and you're no longer the Apex Predator some of Ow Shalana. It's funny 198 00:16:21.519 --> 00:16:26.679 because you're talking about all of the why not and you know, after Chris 199 00:16:26.720 --> 00:16:32.679 listed the three items, what came to mind was you start a business when 200 00:16:32.759 --> 00:16:41.759 you can no longer afford not to, because external situations have forced you to 201 00:16:41.879 --> 00:16:48.200 be innovative. And when we think of two thousand and twenty, the pandemic, 202 00:16:48.200 --> 00:16:52.080 for many of us it was shut down, it was we're in quarantine. 203 00:16:52.200 --> 00:16:59.159 People were losing their jobs and that year, according to the census, 204 00:16:59.240 --> 00:17:03.359 brew more than four point four million new businesses were created in the US, 205 00:17:03.480 --> 00:17:08.599 Jewing two thousand and twenty. At that point, four point four million people 206 00:17:08.599 --> 00:17:15.839 felt like they had no other toys but not to not go after entrepreneurship. 207 00:17:15.000 --> 00:17:21.119 Hold on it. I was going to stimulus check. Is Law. They 208 00:17:21.200 --> 00:17:26.119 might have been a stimulus check involved. There was a lot of business out 209 00:17:26.160 --> 00:17:30.599 of that point in time. So, even with you stand past, there 210 00:17:30.680 --> 00:17:33.240 was a lot of business help, and that's a whole nother podcast, because 211 00:17:33.279 --> 00:17:38.599 a lot of the business help went to entrepreneurs or two small business, small 212 00:17:38.599 --> 00:17:44.960 businesses, based on the definition by the SBA. That do not include the 213 00:17:45.000 --> 00:17:51.920 microbusinesses which fewer than one, between one and ten employees. They help didn't 214 00:17:51.920 --> 00:17:56.759 go to them right. But that's not that's not a pod parents don't don't 215 00:17:56.759 --> 00:18:03.039 what those are making right out on, get me started. No, Salada, 216 00:18:03.119 --> 00:18:07.640 this is not the time. We're going to give ques the opportunity. 217 00:18:10.480 --> 00:18:14.640 No. But going back to what Chris was saying or what you were saying, 218 00:18:14.839 --> 00:18:18.720 you know when it is there ever a good time, you know, 219 00:18:18.839 --> 00:18:25.160 and I, as an entrepreneur, you know like I need to either shit 220 00:18:25.359 --> 00:18:27.519 or get off the pot. Yep. I think that's basically when it whether 221 00:18:27.839 --> 00:18:32.880 external factors say it's a good time or not, whether your family and friends 222 00:18:32.920 --> 00:18:37.960 say it's a good time or not, whether you're, you know, younger 223 00:18:38.000 --> 00:18:45.519 than forty or not, and you don't have a whole well of experience, 224 00:18:45.720 --> 00:18:51.079 it's basically when you say I need to take this trip, I need to 225 00:18:51.119 --> 00:18:56.200 take this journey, because if I don't, then you are going to be 226 00:18:56.240 --> 00:18:59.519 that eighty something year old saying I should have, would have could up and, 227 00:18:59.640 --> 00:19:03.680 to be quite honest with you, guys, that's my biggest parent life 228 00:19:03.880 --> 00:19:08.119 M my biggest fair of life is to be on my death bed with a 229 00:19:08.160 --> 00:19:12.200 whole bunch of should have put a would have you know. And that's why, 230 00:19:12.319 --> 00:19:21.599 even though I've attempted and failed and busted, faceforward right in this entrepreneurship 231 00:19:21.680 --> 00:19:25.640 journey again, I'm like it's something I need to do. So I don't 232 00:19:25.640 --> 00:19:27.960 have that Shit. I could a, woulda. It was funny. I'll, 233 00:19:29.240 --> 00:19:33.640 I'll, I'll plug our our guests for our next episode here, summy, 234 00:19:34.519 --> 00:19:38.720 Him and Morrero. So I was talking to her yesterday and and this 235 00:19:38.759 --> 00:19:42.920 actually came up unrelated to the PODCAST, but she's like it's like it's like 236 00:19:42.920 --> 00:19:48.759 when you're you know, becoming an entrepreneur is just like like deciding to have 237 00:19:48.880 --> 00:19:53.400 kids. Yeah, you know, to buy a new house or to break 238 00:19:53.480 --> 00:19:56.519 up with, you know, partner and a relationship that's not working out. 239 00:19:56.559 --> 00:20:00.400 Like there's there's never going to be a right time and nothing's going to prepare 240 00:20:00.440 --> 00:20:03.519 you for being a parent. You could read all the blogs and the top 241 00:20:03.599 --> 00:20:07.480 ten, you know, things you need to prepare ahead of time, and 242 00:20:07.759 --> 00:20:10.799 sure, some of them are are great and helpful in the pull information, 243 00:20:10.839 --> 00:20:18.920 but until you are responsible for a life or for Your Business and and everything 244 00:20:18.960 --> 00:20:25.240 that comes with that you you really can't prepare. I mean, obviously you 245 00:20:25.240 --> 00:20:29.599 can if you have, you know, technical skills or or Business Documen, 246 00:20:29.759 --> 00:20:33.799 marketing, you know, prowess that you can apply towards your business to add 247 00:20:33.880 --> 00:20:37.400 value to it. But every business is going to be unique and you just 248 00:20:37.440 --> 00:20:41.559 have to you just have to do it and and yes, you may fail, 249 00:20:42.200 --> 00:20:47.160 but as long as you fail fast and feel smart and fail forward, 250 00:20:47.839 --> 00:20:53.160 you are onto a pretty good track. But I didn't want to just throw 251 00:20:53.200 --> 00:20:57.920 these out here for conversation. So some things I had written down for when 252 00:20:59.000 --> 00:21:06.519 is not the right time. Let's take the first one. So I'll list 253 00:21:06.559 --> 00:21:08.319 at three and then we can we can discuss her. So the first one 254 00:21:08.440 --> 00:21:15.039 is that I had put down is when it would irresponsibly or recklessly jeopardize the 255 00:21:15.039 --> 00:21:21.240 wellbeing of loved ones. I am so for us as on you know, 256 00:21:21.279 --> 00:21:26.759 for myself as an entrepreneur before my child came along, I admit I would 257 00:21:26.799 --> 00:21:30.559 take a lot more risks and maybe make not the best financial decisions with the 258 00:21:30.599 --> 00:21:34.200 business because I was going towards things I would just, you know, passionate 259 00:21:34.200 --> 00:21:38.480 about or what have you. But once you have that, if you have 260 00:21:38.599 --> 00:21:44.079 that grounding or or somebody who relies on you to, you know, put 261 00:21:44.119 --> 00:21:48.640 food on the table or what have you. I don't say don't become an 262 00:21:48.759 --> 00:21:53.200 entrepreneur at that point, but but be cognizant of the fact that a lot 263 00:21:53.240 --> 00:22:00.599 of businesses do fail early on before they get their grounding and get that foundation 264 00:22:00.680 --> 00:22:04.000 to be able to, you know, start bring the money in. So 265 00:22:04.400 --> 00:22:07.640 number two is, and I think we have discussed in a previous podcast, 266 00:22:07.680 --> 00:22:11.920 but when you're not passionate about the product or service you are selling. If 267 00:22:12.160 --> 00:22:17.319 if you aren't excited about what you're selling and you wouldn't buy it, how 268 00:22:17.359 --> 00:22:22.559 can you expect somebody else to believe you when you're selling it to them? 269 00:22:22.599 --> 00:22:26.440 And then number three is when you're after the false reality of what it means 270 00:22:26.440 --> 00:22:33.119 to be an entrepreneur. Hm. And so, Mariam weps Webster Dictionary Defines 271 00:22:33.119 --> 00:22:37.559 An entrepreneur as one who organizes, manager and manages and assumes the risk of 272 00:22:37.640 --> 00:22:41.960 a business or enterprise. And I feel like a lot of a lot of 273 00:22:41.000 --> 00:22:45.680 us do get, you know, carried away with the big successful entrepreneurs in 274 00:22:45.839 --> 00:22:49.079 the social network. They, you know, portrade Mark Zuckerberg as having, 275 00:22:49.200 --> 00:22:52.359 you know, CEO Facebook, as having on his business card, like I'm 276 00:22:52.400 --> 00:22:56.759 CEO, let go and be like the boss, you know what I mean, 277 00:22:56.799 --> 00:23:03.160 like nobody can tell me what to do. But in reality that entrepreneurship 278 00:23:03.160 --> 00:23:08.720 you have to you have to know what it actually means, what's at stake. 279 00:23:08.759 --> 00:23:12.200 It's not just a fancy stuff. The you know, it's Society thinks 280 00:23:12.240 --> 00:23:15.079 an entrepreneur is that, oh, I don't have to work that hard anymore 281 00:23:15.119 --> 00:23:18.720 because I don't have to work the one hundred twent five. I'm an entrepreneur. 282 00:23:18.920 --> 00:23:19.839 Like yeah, you're not working nine to five, you're working twelve to 283 00:23:19.920 --> 00:23:30.599 twelve, but but yeah, so those are the three areas that I would 284 00:23:30.599 --> 00:23:33.720 caution people or make that or say, you know, maybe think, think 285 00:23:33.799 --> 00:23:37.920 twice before jumping in right now. Is If you haven't figured out what you're 286 00:23:37.920 --> 00:23:44.160 passionate about, if people rely on you and and there's a you haven't prepared 287 00:23:44.240 --> 00:23:48.880 to mitigate the failures, and if you don't truly understand the work that's going 288 00:23:48.920 --> 00:23:53.920 to be necessary to become an entrepreneur. M Chris, I want to home 289 00:23:56.519 --> 00:23:59.559 wantestly. Could we hit them one by one? I want to share someone. 290 00:23:59.559 --> 00:24:02.160 Would you go as I think is a little crazy and I like you 291 00:24:02.160 --> 00:24:07.079 guys inside on it. SLANA, no regrets. I just want you to 292 00:24:07.119 --> 00:24:11.319 know before we started. Well, HIP would number one. Again, I 293 00:24:11.359 --> 00:24:17.119 think I got like a true true story about it. Number one when it 294 00:24:17.119 --> 00:24:22.359 would be responsibly a recklessly jeopardize the well being of loved ones. HMM, 295 00:24:22.759 --> 00:24:27.160 I don't understand. I don't know what that means. So I would change 296 00:24:27.160 --> 00:24:36.880 it to to maybe those who depend on you for a financial concert stability. 297 00:24:37.160 --> 00:24:41.359 Example, I could give you an example. So, the first time I 298 00:24:41.400 --> 00:24:45.720 started my first consulting firm, it was my side Gig because I was hoping 299 00:24:45.759 --> 00:24:49.920 to transition from my full time into my side Gig full time, which would 300 00:24:49.920 --> 00:24:55.640 have been my own business right and one of the reasons that it failed is 301 00:24:55.720 --> 00:25:02.200 because, as a single mom, I needed that paycheck, that consistent paycheck. 302 00:25:02.279 --> 00:25:04.200 I had private school to pay for out a mortgage, I had, 303 00:25:04.240 --> 00:25:07.720 you know, I had all of those things and I had to make the 304 00:25:07.759 --> 00:25:11.240 decision to I pursue my dream of having my own business or is it more 305 00:25:11.279 --> 00:25:17.599 important for me to maintain a quality of life where I can raise my daughter 306 00:25:18.400 --> 00:25:22.400 the way I wanted to raise her? So that number one resonated with me 307 00:25:22.440 --> 00:25:27.079 because I made the conscious decision that. Okay, maybe that wasn't the right 308 00:25:27.119 --> 00:25:32.079 time, like I could do it now. My daughter's grown, right, 309 00:25:33.279 --> 00:25:37.039 she doing her own thing. So like if I spend all my money and 310 00:25:37.079 --> 00:25:41.799 I fell fright on my face, it no longer impacts her the way it 311 00:25:41.839 --> 00:25:45.880 would have impacted her. Right back then, I stead of my first business, 312 00:25:45.000 --> 00:25:52.160 Chris get the world's smallest violin. Ready, hear me, I'm telling 313 00:25:52.160 --> 00:25:55.039 you, guys, this is what we're talking about, right, completely, 314 00:25:55.079 --> 00:25:59.200 completely true stories, completely true, Stulli, yeah, we started. I 315 00:25:59.240 --> 00:26:02.279 told you guys that I thought about boom this business thing when I was in 316 00:26:02.359 --> 00:26:04.200 high school. Like, that's no lie. I was. I was at 317 00:26:04.359 --> 00:26:10.599 southern Connecticut State University. Was it? Three on my four years? No 318 00:26:10.720 --> 00:26:12.559 girlfriend, no, nothing. Don't want to get to attach and nothing in 319 00:26:12.640 --> 00:26:22.920 Connecticut because I'm going home, home, right. Finally got a girlfriend and 320 00:26:22.119 --> 00:26:29.680 everything is going great. But the one thing I was true too, is 321 00:26:29.720 --> 00:26:33.960 the fact that I was going to do trcision. That was it. Not, 322 00:26:34.000 --> 00:26:37.599 I'm coming home. I'm normally start a business and not want to give 323 00:26:37.640 --> 00:26:40.880 back to my community. This is it? Decision? Is it dercision? 324 00:26:41.000 --> 00:26:44.720 Is A trcision? Is it? That is my witness up until a couple 325 00:26:45.200 --> 00:26:48.039 maybe even last night. Yesterday I was talking to the same girl, like 326 00:26:48.119 --> 00:26:55.480 we haven't spoken in maybe about ten years. She's married and we're just talking 327 00:26:55.480 --> 00:26:59.680 about how things were and she was like you know, so how's decision? 328 00:27:00.960 --> 00:27:06.880 And I was like you remember that? She's like remember, that was all 329 00:27:06.920 --> 00:27:11.720 you spoke about, like that was your life. So when I wanted to 330 00:27:11.759 --> 00:27:18.359 say that role was somewhat coming to an end, like in business, I 331 00:27:18.480 --> 00:27:19.599 feel like, you know, I plan for my breakup. So I let 332 00:27:19.680 --> 00:27:22.839 him know, like trecision is it, and her thing was that, like 333 00:27:22.960 --> 00:27:29.000 it's amazing to see, like I remain true to what it is that I 334 00:27:29.000 --> 00:27:33.400 wanted. However, it goes into the growth portion of our conversation when I'm 335 00:27:33.519 --> 00:27:37.240 like, you know, it's not what it is I wanted to be. 336 00:27:37.039 --> 00:27:41.400 But it's not that dercision isn't what it is that I wanted to be. 337 00:27:41.599 --> 00:27:45.799 Is that? Like I feel like I'm setting social standards. You should. 338 00:27:45.799 --> 00:27:48.599 I'm saying so I want to make x amount of dollars. I want to 339 00:27:48.599 --> 00:27:52.200 do whatever it is. However, it is being true to myself. I 340 00:27:52.240 --> 00:27:57.599 know I'm just happy with what it is that I'm doing. But for me, 341 00:27:59.000 --> 00:28:03.920 like I've given up relationships for this thing. All slanda Mo we were 342 00:28:03.960 --> 00:28:08.519 having the time our life, shooting Sun rises, putting together these videos or 343 00:28:08.559 --> 00:28:12.920 someone that, in getting paid, ended my relationship. I think might have 344 00:28:12.960 --> 00:28:17.720 been two thousand and eleven or something like that. Like over the same fact, 345 00:28:17.759 --> 00:28:22.039 I was clocking a lot of ours. I spend more time which Alma, 346 00:28:22.119 --> 00:28:26.920 than then the people are care about. We had lunches of and they 347 00:28:26.920 --> 00:28:29.839 will be like, oh, but you don't take me on dates, and 348 00:28:29.839 --> 00:28:33.039 I'm like, I wasn't on a date, I just want a lot, 349 00:28:36.319 --> 00:28:38.559 like that's work. I'm like, I build them for that. Like they 350 00:28:38.640 --> 00:28:41.599 thought we were just going to be sitting there eating. I'm like how whatever 351 00:28:41.640 --> 00:28:44.559 you want. I'm like, well, I'm putting it in the bill. 352 00:28:44.640 --> 00:28:48.640 They going to pay for that and right, and it was like, like 353 00:28:49.039 --> 00:28:56.000 those were the views. Like you know, everything for me just completely revolves 354 00:28:56.039 --> 00:28:59.839 around decision, even at having a conversation. Chris, you said you had 355 00:28:59.880 --> 00:29:03.480 your daughter when I had my son. That was my first, I don't 356 00:29:03.519 --> 00:29:07.599 want to say Real, real awaitning. There's a sing in the Caribbean and 357 00:29:07.680 --> 00:29:12.200 the same goals. Once they mau caught, they going to eat, and 358 00:29:12.319 --> 00:29:18.319 I felt like it goes to fold to meet. Some it's a trial of 359 00:29:18.400 --> 00:29:22.079 faith. So just like how Sheronna was saying, like she had the bills 360 00:29:22.119 --> 00:29:25.960 to pay, she had this and she knew the quality of life that she 361 00:29:26.079 --> 00:29:30.440 wanted. At the same time, for me, what that turned intos like, 362 00:29:30.200 --> 00:29:33.200 well, I got two choices. I'm a do trecision and I could 363 00:29:33.200 --> 00:29:37.119 do trecision and we going to eat. We just not. We just not 364 00:29:37.119 --> 00:29:41.160 going to have a stake. Right, I have shrimp, be Sau I'm 365 00:29:41.200 --> 00:29:45.799 saying, but it's like you are going to eat um and that's just it. 366 00:29:45.960 --> 00:29:51.480 So like when we like hear you say those things about love and and 367 00:29:51.519 --> 00:29:56.720 the business, like I've have no regrets about it, but I know I've 368 00:29:56.880 --> 00:30:02.559 put just about there days. There's a very tin list of things that come 369 00:30:02.759 --> 00:30:06.480 before trancision and it's such a part of my life. I mean, you 370 00:30:06.519 --> 00:30:08.559 guys know what we meet when we're just doing, I don't want to say, 371 00:30:08.599 --> 00:30:14.720 casual things. Even on my shoe. My kids did it, you 372 00:30:14.799 --> 00:30:18.920 said. I'm saying because to me, just like our Shalana said previously about 373 00:30:18.960 --> 00:30:25.279 creating a legacy, that generational wealth, and I feel like what we don't 374 00:30:25.359 --> 00:30:29.440 do is involve our kids, our children in the stuff that we do. 375 00:30:29.480 --> 00:30:32.720 We don't teach them how to manage businesses. We don't. There's a lot 376 00:30:32.759 --> 00:30:36.559 of different aspects of life we don't teach them. We just sent them to 377 00:30:36.559 --> 00:30:41.000 school and and it's like get your education with no idea of how to apply 378 00:30:41.160 --> 00:30:45.680 that education. So, like, just hearing you say those things, they 379 00:30:45.839 --> 00:30:51.400 made me reflect on all the relationships that I've given up, YEP, in 380 00:30:51.480 --> 00:30:55.440 order to have decision, and not even just the relationships that I want to 381 00:30:55.480 --> 00:30:59.279 say, like I feel like I've just given up. I seen how it 382 00:30:59.319 --> 00:31:06.240 affected my my son's mom. You know, it definitely took a toll because 383 00:31:07.160 --> 00:31:11.960 she was came home for a while and put meself like round Christmas time we 384 00:31:12.000 --> 00:31:19.480 do festivals. So I left eight o'clock Thursday morning and realistically is not until 385 00:31:19.759 --> 00:31:26.319 maybe seven three. We had quantity. I'm just what we in and it's 386 00:31:26.359 --> 00:31:30.640 like what happened? Well, you know, we had the wedding and then 387 00:31:30.680 --> 00:31:34.079 the wedding went into the all night event right when it ended a twelve and 388 00:31:34.079 --> 00:31:40.119 at twelve fifteen I was at village. From Twelve fifteen to about five o'clock 389 00:31:40.160 --> 00:31:44.119 in the morning I was here and then from there this person had a recording 390 00:31:44.160 --> 00:31:48.480 session so that I was on production for these eight hours and then after that 391 00:31:48.599 --> 00:31:52.839 I had to be back down here, and I did this. It's a 392 00:31:52.920 --> 00:31:56.920 day later. You know, you just had a son. What what are 393 00:31:56.960 --> 00:31:59.799 you doing? Like, are you not going to be like it became that 394 00:31:59.799 --> 00:32:02.000 that faction where it was like a question, was almost like a if you're 395 00:32:02.039 --> 00:32:07.759 not going to be there and not, and I was like, man Um 396 00:32:07.160 --> 00:32:13.680 it's really it's real and providing that care. Then it became for me like 397 00:32:13.759 --> 00:32:16.920 certain choices. was like does it come down to something Monetarry, or do 398 00:32:17.039 --> 00:32:20.240 I like, I don't say, if I had to be there, be 399 00:32:20.279 --> 00:32:22.759 there, but I was like, I know I wanted to be there, 400 00:32:22.839 --> 00:32:28.000 but at the same time you do have this this urge to provide right, 401 00:32:28.119 --> 00:32:32.400 you know, and like for me, like, like I said, when 402 00:32:32.400 --> 00:32:37.920 you said it, it just became more real. I come to the point 403 00:32:37.960 --> 00:32:43.759 now where in life I realize sometimes you I'm at one point, and even 404 00:32:43.799 --> 00:32:46.880 in your love life, these people might not be at that certain point, 405 00:32:46.960 --> 00:32:52.000 so they can't understand what it is that you're doing. Like. So nobody 406 00:32:52.039 --> 00:32:55.039 would ever feel like or could, on a quite understand my love for decision, 407 00:32:55.160 --> 00:33:00.799 because me they're just not entreprene movies. They they don't know when you 408 00:33:00.839 --> 00:33:04.160 have this passion. They don't know what I'm talking like. I'm out there 409 00:33:04.200 --> 00:33:08.519 shooting five o'clock in the morning. It is like that disconnect because you're not 410 00:33:08.559 --> 00:33:13.559 working for a company where things are guaranteed, where they were things, I 411 00:33:13.599 --> 00:33:17.200 want to call it secure, where they can't feel secure because of the entrepreneur. 412 00:33:19.079 --> 00:33:22.319 If you don't work, you don't eat right, and if I'm busy 413 00:33:22.400 --> 00:33:27.200 working, you know, that's the last time here, that's last time to 414 00:33:27.240 --> 00:33:34.160 do these different things and unfortunately, unfortunately, unfortunately, it's like I could 415 00:33:34.200 --> 00:33:38.039 see where it's taking its toll on my really relationships. But at the same 416 00:33:38.079 --> 00:33:44.000 time I'm happy that I'm honest enough with myself to let them know this is 417 00:33:44.000 --> 00:33:46.319 where I'm at. You know, I kind of it. So what I 418 00:33:46.400 --> 00:33:51.400 was saying like that was a long tangent, but just so, like I 419 00:33:51.519 --> 00:33:55.000 was saying, like just to get that that different insight about it all, 420 00:33:57.400 --> 00:34:01.160 and I think think got back falls completely under that category. or how so 421 00:34:01.240 --> 00:34:07.400 I guess I'll give you where my mindset was when I when I wrote that 422 00:34:07.559 --> 00:34:12.440 is like for myself and obviously not all entrepreneurs, our parents by any means. 423 00:34:13.480 --> 00:34:15.280 And everybody has, you know, their own why or their own motivation. 424 00:34:16.920 --> 00:34:22.079 But for me, like I was saying, before my daughter arrived, 425 00:34:22.119 --> 00:34:28.239 I was, I was still an entrepreneur, but I don't know if I 426 00:34:28.239 --> 00:34:32.760 took it as seriously right and and and the weight of what entrepreneurship meant for 427 00:34:32.840 --> 00:34:37.079 me, like, you know, as far as really sustaining, because I 428 00:34:37.440 --> 00:34:43.800 could accept, you know, eating, you know, solid right with catch 429 00:34:43.880 --> 00:34:46.679 up on it, or or I could do the you know, Rama noodles 430 00:34:46.679 --> 00:34:51.480 and stuff like that if I needed to, if, you know, to 431 00:34:51.519 --> 00:34:58.079 make my dreams come true. But if I were to put my daughter in 432 00:34:58.119 --> 00:35:01.880 a situation where she was having to, you know, struggle because of my 433 00:35:02.000 --> 00:35:08.400 dreams, that's where the timing comes into to play. where, like Salanda 434 00:35:08.440 --> 00:35:12.519 said, you know, it's not that she gave up on her dream when 435 00:35:12.519 --> 00:35:15.239 she made a decision not to start, you know, her journey right then 436 00:35:15.280 --> 00:35:20.119 when she need to provide for a daughter, but it was just, you 437 00:35:20.159 --> 00:35:24.039 know, what is my my current priority, and how do I want that 438 00:35:24.039 --> 00:35:30.599 priority to look so forever? For some people, the priority becomes the you 439 00:35:30.639 --> 00:35:35.280 know, the the child's or, you know, in a relationship as well, 440 00:35:35.320 --> 00:35:38.440 like I was with my wife, but I will say that I I 441 00:35:38.440 --> 00:35:45.440 still didn't take entrepreneurship at seriously until, like my family was wasn't act right. 442 00:35:45.719 --> 00:35:49.760 If I'm head of household, how do I make this work? And 443 00:35:49.760 --> 00:35:53.440 then it was really back to looking at the numbers more so than just where 444 00:35:53.440 --> 00:35:59.840 do I want to go? So that's that's just my and again, I 445 00:36:00.199 --> 00:36:01.840 did preface at it. You know, I was a saying don't become an 446 00:36:01.880 --> 00:36:06.960 entrepreneur under these hello, but yeah, really, it's me. It may 447 00:36:07.000 --> 00:36:08.719 not be great for you. Yeah, exactly, and that's part of what 448 00:36:08.760 --> 00:36:12.480 it is. I felt like I wanted to show too, is like sometimes 449 00:36:12.480 --> 00:36:15.360 we just have to know what it is that we're wouldn't risk what time, 450 00:36:15.599 --> 00:36:22.559 because for me, at those point in times, like the relationship, unfortunately, 451 00:36:23.000 --> 00:36:25.360 that's what it is. I was willing to give up because I know 452 00:36:25.679 --> 00:36:31.039 and I know what it is that I believe you know. So what it's 453 00:36:31.119 --> 00:36:37.000 just like, and that's part of it not being an easy trip and not 454 00:36:37.119 --> 00:36:40.000 and at that point in time when you don't have other entrepreneurs or other people 455 00:36:40.079 --> 00:36:45.760 that that share, not share your vision, but understand your passion, like 456 00:36:45.960 --> 00:36:49.519 it's hard. How do you explain to somebody else, and that's what it 457 00:36:49.559 --> 00:36:51.840 is that you were, I believe Samui, kind of dod it. To 458 00:36:52.000 --> 00:36:54.719 was like almost planning, like you know this relationships not working out, like 459 00:36:54.840 --> 00:37:00.199 it's it's never the right time. I have that conversation, you're like, 460 00:37:00.199 --> 00:37:01.480 man, I could do it next week, I could do it two weeks 461 00:37:01.519 --> 00:37:06.119 from next. You know it's a year later and then you're starting to have 462 00:37:06.199 --> 00:37:08.440 this conversation. Is like they're like, but I wasted a year of my 463 00:37:08.559 --> 00:37:14.159 life where, yeah, about a year I was planning for this moment. 464 00:37:14.280 --> 00:37:17.800 You do you want to do on fall. Honesty first, and I'm not 465 00:37:17.880 --> 00:37:22.320 naming people or anything like that, but I was in a two year relationship 466 00:37:22.360 --> 00:37:27.679 that I knew after one year it was over, but I couldn't find the 467 00:37:27.760 --> 00:37:35.039 right time, the great up sell after that, thanks to I did not 468 00:37:35.119 --> 00:37:46.760 like consultation. You know, it got the right time is coming. I 469 00:37:46.800 --> 00:37:50.800 feel like that's what it is that we tell ourselves, like you wait for 470 00:37:50.840 --> 00:37:53.480 that right time to comment and waiting for that right time to come. You 471 00:37:53.519 --> 00:37:58.119 don't realize how many years or how much more time that you put into. 472 00:37:58.360 --> 00:38:02.280 So even sometimes now, when that right time seems like it's here, you're 473 00:38:02.360 --> 00:38:07.519 back to the point where you're like, I'm kind of secure right now, 474 00:38:07.599 --> 00:38:09.639 so I really wanted. One in the hand is worth two in a Bush. 475 00:38:09.679 --> 00:38:13.400 That's what we say here. Yeah, yeah, I know what it 476 00:38:13.480 --> 00:38:15.679 is that I've got, but I don't know what it is. I'm get 477 00:38:15.760 --> 00:38:19.239 right, you know, and that's so, that's where it is. I'll 478 00:38:19.239 --> 00:38:23.519 fire like we kind of put ourselves back in waiting for the right time. 479 00:38:24.719 --> 00:38:29.159 I mean, you know, as we're talking about the when and the things 480 00:38:29.199 --> 00:38:32.960 that we're giving up, all three of us are entrepreneurs, you know, 481 00:38:34.280 --> 00:38:39.480 and when we started talking about this podcast, this podcast is a passion project, 482 00:38:39.599 --> 00:38:44.679 right, going back to what you say, Christian, as an entrepreneur, 483 00:38:44.920 --> 00:38:49.400 if you don't work, you don't eat. And we've been leave enough 484 00:38:49.599 --> 00:38:55.760 in this podcast because we're hoping that it would have the impact on other entrepreneurs 485 00:38:55.840 --> 00:39:00.800 to let them know that they're not alone and when you have to make these 486 00:39:00.559 --> 00:39:08.559 unconventional, sometimes difficult decisions to support your dreams and to support the growth of 487 00:39:08.559 --> 00:39:15.679 your business, when others don't understand, this is a space. This is 488 00:39:15.679 --> 00:39:20.719 a space right, because we're here recording. That means we can't be building 489 00:39:20.800 --> 00:39:29.159 clients, but we believe in it enough. We believe in enough to say, 490 00:39:29.159 --> 00:39:36.599 okay, I'm going to divert ours bill all time, Yep, hang 491 00:39:36.639 --> 00:39:43.840 out with my Bros, you know, my brother's mother, and hopefully be 492 00:39:43.920 --> 00:39:46.719 able to advite some wisdom on the community that's listening to us, because we 493 00:39:46.800 --> 00:39:51.760 just think it's that important in a conversation to have. So, yeah, 494 00:39:51.800 --> 00:39:54.000 it is, it isn't. That's why I felt like some to certain extent, 495 00:39:54.119 --> 00:39:58.960 is these are the conversations that we don't have. These are the conversations 496 00:39:59.599 --> 00:40:05.920 that I feel that aren't real, because nobody's going to tell you how hard 497 00:40:06.320 --> 00:40:09.400 your entrepreneurship, your dream, played on the relationships. You see what I'm 498 00:40:09.440 --> 00:40:13.880 saying. What it works is great and that we would always do. Oh, 499 00:40:14.559 --> 00:40:16.960 I overcame this, but at the same time, as entrepreneurs sometimes we 500 00:40:17.000 --> 00:40:21.039 do feel like we're we're giving up a great thing. We said. I'm 501 00:40:21.079 --> 00:40:28.199 saying Ford're not so sure at that time. You know. So you can 502 00:40:28.280 --> 00:40:34.480 drop the comic food. Let me know what relationships getting all network of lonely 503 00:40:34.679 --> 00:40:43.840 entrepreneurs. The conversation that we were having in the previous episode where we were 504 00:40:43.880 --> 00:40:50.480 talking about you know, you see the successes, but you don't see ultiplicity 505 00:40:50.719 --> 00:40:55.239 of quote unquote, failures and things that you had to risk and end your 506 00:40:55.440 --> 00:41:00.000 before you can get to that success. But the long and short of it 507 00:41:00.039 --> 00:41:07.440 is you can't. You can't learn the lessons through the experience of failure and 508 00:41:07.480 --> 00:41:15.039 you cannot experience the highs of success unless you start right, right, right, 509 00:41:15.280 --> 00:41:20.280 right through the process. Will this group the persistence of the determination? 510 00:41:20.880 --> 00:41:30.280 I'll leave a little nugget here. So bamboo peace about what? From the 511 00:41:30.320 --> 00:41:34.880 time it's planted, bamboo will grow underground. I want to say it's like 512 00:41:34.920 --> 00:41:39.679 up to like ten years that before it ever comes up above the surface. 513 00:41:40.239 --> 00:41:45.039 But the moment it comes above the surface, bamboo shoots up in a very 514 00:41:45.119 --> 00:41:51.119 quick amount of time. Right. So if you connect that the entrepreneurship, 515 00:41:51.199 --> 00:41:54.800 a lot of people look at the quote, the perceived overnight successes that just 516 00:41:55.079 --> 00:41:59.239 blew up and became famous and like all right, what's the trick to become 517 00:41:59.280 --> 00:42:06.199 that viral sensation right night success? And while it does occasionally happen, what 518 00:42:06.280 --> 00:42:09.760 a lot of people don't see is how long and how hard people had to 519 00:42:09.800 --> 00:42:16.119 work before the bamboo ever saw the light a day. And somebody's entrepreneurial journey. 520 00:42:16.239 --> 00:42:21.679 So I guess to wrap this episode here on when is the right time? 521 00:42:22.840 --> 00:42:27.719 The simple answer, non answer, is when it's right for you, 522 00:42:29.800 --> 00:42:35.119 and in only when it's right for you, and you are the only one 523 00:42:35.159 --> 00:42:38.239 who can decide when that time is. So you can create it, it 524 00:42:38.360 --> 00:42:44.039 can happen to you, you can be pushed into it, you can prepare 525 00:42:44.159 --> 00:42:46.840 and do all the research and wait for the opportunity, but at the end 526 00:42:46.840 --> 00:42:52.280 of the day your story is going to be different from anybody else's. Yet 527 00:42:52.320 --> 00:42:57.719 our sharing of those stories bring us here and give us a little solives that 528 00:42:57.760 --> 00:43:02.519 we're not all crazy, and that's why ACC podcast. Are you sure? 529 00:43:07.000 --> 00:43:09.360 I think the very still out of that one crazy. Maybe confide in the 530 00:43:09.400 --> 00:43:13.880 fact that we all are crazy. How about that? Well, we're on 531 00:43:13.960 --> 00:43:21.840 this bit together, all right. Well, this is another episode of entrepreneurs 532 00:43:21.840 --> 00:43:30.920 trip with EXTC. We are chalant, Tristan, and I am Chris. 533 00:43:30.960 --> 00:43:36.159 We will ask see you on the next episode. And good toss, Chris, 534 00:43:36.159 --> 00:43:43.840 good toss outside, almost intercepted by Tristan, to all right, have 535 00:43:43.960 --> 00:43:45.000 a go and everybody