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March 8, 2022

Your Internal World

Your Internal World

Let’s step into the Entrepreneur’s internal landscape. Building on the previous discussion of whether entrepreneurs are born or made, X.T.C. continues to take a deeper dive into what motivates entrepreneurs to become successful in their businesses. Is it something internal that motivates them? Or, is an external factor play? As the hosts dissect the topic, this conversation takes a quick detour as Rated-Xaulanda and crying Chris trip up on Trustworthy Tristian’s choice of words…Pull out? It will crack you up and give you some insights into what the motivations and mindset of entrepreneurs are. Essentially, entrepreneurship is a lifestyle choice and it requires a distinct mindset. Check out this episode to learn more!

Transcript
WEBVTT 1 00:00:01.439 --> 00:00:07.839 Welcome to the entrepreneurs trip. We are EXTCC. I'm Shalanda, I'm Tristan, 2 00:00:07.960 --> 00:00:13.439 I'm Chris. It's entrepreneurs starting and growing your business. You may have 3 00:00:13.480 --> 00:00:18.879 a destination, but the journey getting there can be a trip. We want 4 00:00:18.879 --> 00:00:23.719 to be your travel companions and inject a dose of EXTC as we explore real 5 00:00:23.800 --> 00:00:30.519 life conversations about navigating the world of entrepreneurship in the US and the Caribbean. 6 00:00:30.800 --> 00:00:34.479 Hey, guys, how you doing? Good, good, I'm good, 7 00:00:34.560 --> 00:00:37.840 Mama. We're asking that. In about five minutes I'll let you know. 8 00:00:42.439 --> 00:00:47.240 I am super, super excited and I'm almost in awe that we've kind of 9 00:00:47.439 --> 00:00:52.880 we're still in season one, but we've completed series one right where we're talking 10 00:00:52.960 --> 00:00:58.079 beyond the how and the why of entrepreneurship, and now we're really diving into 11 00:00:58.079 --> 00:01:03.520 series two, which is the mindset and motivations of being an entrepreneur today. 12 00:01:03.719 --> 00:01:11.519 So in our previous podcast, Christian was dropping some nuggets of information about whether 13 00:01:11.680 --> 00:01:17.400 or not entrepreneurs are made or born, and so we're going to be talking 14 00:01:17.439 --> 00:01:23.760 now about entrepreneurial motivation and mindset. So guys, just set the stage a 15 00:01:23.760 --> 00:01:32.079 little bit in an article titled The psychology of a successful on upreneur. It's 16 00:01:32.120 --> 00:01:38.920 cited motivational factors that influence entrepreneurs to be successful in their business ventures are demonstrated 17 00:01:38.959 --> 00:01:49.239 effect business background, technical knowledge, creating a stable market, availability of skilled 18 00:01:49.480 --> 00:01:57.239 labor and Sillery, decision, selfdetermination about the target business, risk management, 19 00:01:57.280 --> 00:02:04.920 bearing capacity and success stories. That's a lot. That is a lot right, 20 00:02:06.040 --> 00:02:08.039 it is a lot and we're going to break it down in this conversation. 21 00:02:08.360 --> 00:02:14.560 But what is entrepreneurial motivation, or acts another way, what motivates somebody 22 00:02:14.560 --> 00:02:17.639 to become an entrepreneur? And Really, the short answer there is no one 23 00:02:17.719 --> 00:02:24.199 answer to that question, as the answers to entrepreneur go Tristan take it. 24 00:02:24.520 --> 00:02:31.439 The one answers change, and that's it. It's change. So you're just 25 00:02:31.719 --> 00:02:36.960 you're just reinforcing my point right, that there's no one was atal. It's 26 00:02:37.080 --> 00:02:38.400 change. You know how it takes form? We just don't know. You 27 00:02:38.439 --> 00:02:45.879 know, the only thing consistent in life is inconsistency. So absolutely, absolutely. 28 00:02:46.000 --> 00:02:50.159 So let's talk about the motivations. You know, there we were talking 29 00:02:50.199 --> 00:02:53.919 a little bit, and we hinted at it in the last podcast, about 30 00:02:53.000 --> 00:03:00.919 internal motivation versus external motivation. So, as I listed that, those all 31 00:03:00.000 --> 00:03:07.639 of those elements or motivational factors. When you think of demonstrated effect, your 32 00:03:07.680 --> 00:03:15.599 ability to be able to realize something successfully, when you look at business background, 33 00:03:15.919 --> 00:03:23.400 right, and technical knowledge, those are all things that are characteristics of 34 00:03:23.479 --> 00:03:29.199 the person. Right, whether they're made or their nurtured, their characteristics of 35 00:03:29.240 --> 00:03:36.960 that person. Okay, so when we talk about motivation and competencies, that's 36 00:03:37.000 --> 00:03:39.400 a whole nother story. You can have a trait, you can have abilities, 37 00:03:39.479 --> 00:03:44.800 you can have knowledge, but I think what's different with entrepreneurs is that, 38 00:03:44.879 --> 00:03:49.479 yeah, they have these knowledge skills, traits and abilities, but it's 39 00:03:49.599 --> 00:03:57.400 in the application of those knowledge skills and abilities I see smart of a mystic. 40 00:03:57.879 --> 00:04:06.520 Feel the listener to me. Let me tell you how quick study did 41 00:04:06.560 --> 00:04:13.199 you want to jump in there just since no, yes, yes, yes, 42 00:04:14.879 --> 00:04:18.360 it's just funny like how it everything still kind of comes together, everything 43 00:04:18.360 --> 00:04:25.279 becomes this full mystic piece where, no, we thought Segal one would have 44 00:04:25.319 --> 00:04:28.839 been nature versus nurture and that would have been, I don't want to say 45 00:04:28.879 --> 00:04:33.240 that, a completely different piece. So I'll completely the WHO and why. 46 00:04:33.399 --> 00:04:39.639 You know, the first segment, our first series and now series two, 47 00:04:39.759 --> 00:04:46.519 is completely still interconnected as this complete Um, this complete peace. I'm loving 48 00:04:46.519 --> 00:04:48.959 how it just fitting within each other. I feel like it's like a flower 49 00:04:49.079 --> 00:04:53.839 that's budding. So like you first see it like this, and now that 50 00:04:53.839 --> 00:04:56.319 it's like this, now we started to see that, you started open up, 51 00:04:56.319 --> 00:05:00.120 as there's a layer inside me, like wait, there's another layer inside. 52 00:05:00.160 --> 00:05:03.879 So I'm sorry I did. I didn't want to interrupt. I didn't 53 00:05:03.920 --> 00:05:08.800 want to interrupt because I just want to I don't want you to bring us 54 00:05:08.839 --> 00:05:13.040 home. So in that way we could jump into me like you've had a 55 00:05:13.079 --> 00:05:26.199 double dose of your EXTC Yeah, I'm keeping out sound effects. We need 56 00:05:26.199 --> 00:05:30.319 to tripping outside effect. What are you? I'll just go at for happy 57 00:05:31.879 --> 00:05:38.519 your right, your rain trip. I'm SRY. No, no, no 58 00:05:38.759 --> 00:05:42.639 worries. You were talking about flower blossoming, but as you were talking, 59 00:05:42.680 --> 00:05:46.680 I was thinking more of a onion peeling. I thought on your tool, 60 00:05:46.800 --> 00:05:53.560 but that's shrink. The lawyers, the little entrepreneur are multiple and complex, 61 00:05:53.759 --> 00:05:58.279 and the thing is is that in these conversations we want to keep it real. 62 00:05:58.839 --> 00:06:00.639 But you know, we got a brother that can get really deep with 63 00:06:00.680 --> 00:06:08.439 the direct prophetic stuff, my brother Chris, and we we have a proverb 64 00:06:09.120 --> 00:06:13.160 than to drop on us. That put things to this topic, sharing your 65 00:06:13.199 --> 00:06:17.000 thoughts, your thoughts about motivation and mindset for entrepreneurs. I don't know if 66 00:06:17.040 --> 00:06:24.399 I have a proverb or prepared for this, but one thing that I will 67 00:06:24.439 --> 00:06:28.759 say is one of the things, and based on your list of, you 68 00:06:28.759 --> 00:06:33.720 know, having shown that you can bring something to fruition successfully as being, 69 00:06:33.759 --> 00:06:38.199 you know, something that makes you want to do it. For me, 70 00:06:38.279 --> 00:06:44.439 just as a personal side note, that was actually one of my biggest anxieties 71 00:06:44.519 --> 00:06:51.120 of starting my business was I was a a serial entrepreneur before I actually started 72 00:06:51.199 --> 00:06:55.120 my business, where I had, you know, so many ideas throughout my 73 00:06:55.120 --> 00:07:00.160 life that I would start these projects and then never actually get them off the 74 00:07:00.199 --> 00:07:02.399 ground or get them to a point where where they could be launched. So 75 00:07:02.759 --> 00:07:06.839 I almost had this I guess it's like internal like mental like block or like 76 00:07:06.839 --> 00:07:11.079 syndrome that like, oh well, if I start a business now, putting 77 00:07:11.079 --> 00:07:15.000 everything into it, it very likely could just be another, you know, 78 00:07:15.079 --> 00:07:20.399 failed piece. So in a way maybe was the inverse of of that that 79 00:07:20.480 --> 00:07:25.160 motivated me. Of I was so afraid to not have it be another one 80 00:07:25.160 --> 00:07:30.480 of those projects, you know, that that felt to the wayside that that 81 00:07:30.480 --> 00:07:34.360 that motivated me was my own history of not bringing projects to a fruition that 82 00:07:34.399 --> 00:07:39.639 I knew that this time kind to be different or I would, you know, 83 00:07:39.720 --> 00:07:43.800 lose it all. So, yeah, it's interesting that you say that 84 00:07:43.839 --> 00:07:47.800 because in the blog associated with this particular podcast I talk about three CS. 85 00:07:47.800 --> 00:07:56.920 I talked about character, competency and culture. Right, and I think we've 86 00:07:57.000 --> 00:08:00.399 kind of eluded in the conversation, but I want to be very explicit in 87 00:08:00.439 --> 00:08:05.680 this. Is The character part of the entrepreneur, those nalice skills and abilities 88 00:08:05.720 --> 00:08:09.000 are part of who they are. Right. But as entrepreneurs, we know 89 00:08:09.199 --> 00:08:15.040 we might have the NLICE skills and abilities to be able to to start a 90 00:08:15.120 --> 00:08:20.720 business right because we see an opportunity or we see a need or a gap 91 00:08:20.839 --> 00:08:26.240 in the market that needs to be filled, but we still experience that internal 92 00:08:26.279 --> 00:08:31.159 dissonance or conflict or struggle as to whether or not we really can take it 93 00:08:31.279 --> 00:08:37.799 the distance. Right and in in that application of what we know, there 94 00:08:37.960 --> 00:08:43.600 is this challenge in okay, so we know this, but what don't we 95 00:08:43.679 --> 00:08:52.399 know? What don't we know that we don't know right, because entrepreneurship is 96 00:08:52.720 --> 00:08:56.840 it's like an onion. You know the minute you start to peel one layer, 97 00:08:56.919 --> 00:08:58.840 you realize, okay, there's another layer and then there's another layer, 98 00:09:00.279 --> 00:09:07.679 and it really I I find that you have to be somebody who has a 99 00:09:07.759 --> 00:09:16.240 craving for Lifelong Learning to obey an entrepreneur, because in order to make this 100 00:09:16.399 --> 00:09:22.600 idea a reality the way you vision it, there's so many things that you 101 00:09:22.720 --> 00:09:26.799 have to apply based on your background, in the lessons that you learn or 102 00:09:26.840 --> 00:09:30.320 the failures that you had, that you can apply to what it is that 103 00:09:30.360 --> 00:09:33.759 you think you see and you want to be able to realize. And it's 104 00:09:33.759 --> 00:09:39.000 in it's real physical form. But then it's also this what don't I know? 105 00:09:39.360 --> 00:09:45.320 For what are the opportunities that this, this business, can take or 106 00:09:45.480 --> 00:09:52.000 morph into that I haven't even thought about yet. You know, quick, 107 00:09:52.279 --> 00:09:56.559 she lana, quick question. Like what I find to me to be the 108 00:09:56.559 --> 00:10:01.120 most interesting part is the love of the Lore of the not know. What 109 00:10:01.320 --> 00:10:09.799 scares me is what I do know. Right. So for me, was 110 00:10:09.840 --> 00:10:13.200 it like you're talking about it, like talking about just like being entrepreneur? 111 00:10:13.200 --> 00:10:16.600 I think sometimes I as entrepreneurs, one aspect that we don't like to think 112 00:10:16.639 --> 00:10:20.720 about is one to pull out. You should. I'm saying, not every 113 00:10:20.720 --> 00:10:31.039 project that we work out. Can you, if you're solid, rank best, 114 00:10:39.639 --> 00:11:03.600 know when to pull out? This is obviously you may mean. What 115 00:11:05.360 --> 00:11:20.600 would you prefer when it's a time to come to I'm trading Christs. What's 116 00:11:22.080 --> 00:11:24.399 like? You know, I think sometimes you get caught up in the idea 117 00:11:24.480 --> 00:11:28.679 of going into these projects and being like these products. I just got a 118 00:11:28.799 --> 00:11:33.159 last forever. You know. Look at her, look at her, look 119 00:11:33.159 --> 00:11:50.399 at it. Look Christ's export its x not how to contain themselves, because 120 00:11:52.320 --> 00:11:56.600 no prime on this show. Quick, see crying Chris. That's what the 121 00:11:56.600 --> 00:12:03.120 CEE is rated, Alana, and trustwor re, stress, pressure, all 122 00:12:03.200 --> 00:12:13.120 the super limps. All right, all right, I'm gonna thinking about just 123 00:12:13.240 --> 00:12:18.960 like you know, choices. I keep telling you, I can't tell that's 124 00:12:18.960 --> 00:12:24.679 what got you to edit the blogs. I just know that's no right there. 125 00:12:28.360 --> 00:12:33.120 All right, yea, to your point. So the point is those 126 00:12:33.120 --> 00:12:37.559 that sometimes I think he embarked on some of these projects to be lifelong projects, 127 00:12:37.559 --> 00:12:43.480 when not every project can hold the same weight. So where I feel 128 00:12:43.639 --> 00:12:50.559 like some people worry about when the start, I just have a hard time 129 00:12:50.759 --> 00:12:54.679 for gring when not to quit. It's like, you know, I said, 130 00:12:54.799 --> 00:13:01.759 Quich Lana, quick we're not talking nicotine badges. We just quit because 131 00:13:01.879 --> 00:13:09.279 quit or permanently called permanently halt. So yeah, and then there's the I 132 00:13:09.320 --> 00:13:13.480 guess, the worry about like where we worry about like if it's not gonna 133 00:13:13.720 --> 00:13:18.519 take off of it's not going to work. My that that doesn't even occur 134 00:13:18.600 --> 00:13:24.360 to me, because what I feel most entrepreneurs are really afraid of is success. 135 00:13:24.679 --> 00:13:28.679 Failure doesn't really set that margin. If you fail, like you know, 136 00:13:28.720 --> 00:13:33.360 it's stopped the as entrepreneur. To me, what scares me is the 137 00:13:33.399 --> 00:13:37.240 fact that milk, you gotta maintain this like it's going. It's you just 138 00:13:37.399 --> 00:13:45.519 brought a new life into it. You know there's no plantum. Okay, 139 00:13:45.559 --> 00:13:54.320 get back to each as. Okay, so we're going to reset to mindset 140 00:13:54.519 --> 00:14:00.600 and the mindset focusing on Tristan. Right now. It's entrepreneurial. Mine just 141 00:14:00.799 --> 00:14:05.759 to tell we're gonna hit the first see, which is character. That's why 142 00:14:05.759 --> 00:14:16.320 I wrote character. Switch a back and we talked about competency, and the 143 00:14:16.320 --> 00:14:20.600 thing is is that when we talk about entrepreneurial mindset, I wanted to reference 144 00:14:20.639 --> 00:14:24.159 a two thousand and twenty one article by the University of Arizona where they talk 145 00:14:24.279 --> 00:14:31.440 about nine characteristics of the entrepreneurial mindset, and I think this statement in the 146 00:14:31.600 --> 00:14:39.720 article really sums up the mindset of our entrepreneur versus maybe the mindset of an 147 00:14:39.759 --> 00:14:45.360 employee or somebody that works for an organization. Okay, and basically what they 148 00:14:45.360 --> 00:14:50.080 state is, unlike the traditional path you might take it an organization or in 149 00:14:50.120 --> 00:14:56.120 your career, there is no blueprint for entrepreneurs to follow. That's because entrepreneurship 150 00:14:56.240 --> 00:15:05.799 is a life cell choice. Here that entrepreneurship is a lifestyle choice, not 151 00:15:05.879 --> 00:15:09.559 a career. Entrepreneurs are not pounding the pavement looking for work. Instead, 152 00:15:09.759 --> 00:15:16.759 entrepreneurs keep busy trying to create opportunities for themselves and they're unafraid of what can 153 00:15:16.879 --> 00:15:22.600 happen if their big idea doesn't take off right away or at all. Go 154 00:15:24.960 --> 00:15:33.480 Yep, that's to both the motivation and the mindset of the entrepreneur and just 155 00:15:33.519 --> 00:15:37.200 to give our audience just a little glimpse of what happens behind the scenes of 156 00:15:37.279 --> 00:15:43.919 this podcast. When you think about the mindset, we had a very raw, 157 00:15:45.039 --> 00:15:56.080 honest, hence conversation about launching our podcast before we record it right, 158 00:15:56.559 --> 00:16:03.240 and our mindset was listen as an entrepreneur. You kill what you eat. 159 00:16:03.559 --> 00:16:07.919 If you don't go out on hunt and you don't kill that will the beast 160 00:16:07.200 --> 00:16:11.559 and bring it home, you ain't got nothing. And for people who have 161 00:16:11.600 --> 00:16:18.679 never been an entrepreneur, who's had the luxury of having steady paycheck, think 162 00:16:18.720 --> 00:16:25.639 of it this way. Today you no longer have your job, but you 163 00:16:25.679 --> 00:16:29.919 still have all your expenses. You have your mortgage, you have your carnal 164 00:16:30.000 --> 00:16:33.440 don't you have your private school for your kids, or you have your gym 165 00:16:33.480 --> 00:16:37.679 membership, you have all of this stuff. How much money you have in 166 00:16:37.720 --> 00:16:42.679 the bank to cover all of those expenses? Based on the systatistics, that 167 00:16:42.799 --> 00:16:49.279 average American has four hundred dollars in savings. So let's just say, how 168 00:16:49.320 --> 00:16:57.399 long are you going to be able to maintain a mindset where, Oh, 169 00:16:57.480 --> 00:17:02.200 I'll just wait for my pay check in the next two weeks to cover my 170 00:17:02.200 --> 00:17:07.799 expenses? You can't have that mindset as an entrepreneur. It's well, Hey, 171 00:17:08.000 --> 00:17:14.039 I have no cashblow coming in people, I need to find a way 172 00:17:14.079 --> 00:17:18.839 to muster up a project that's going to pay me to cover my expenses. 173 00:17:18.039 --> 00:17:22.799 That's a completely different than set, completely different mindset. Butch Alana, I 174 00:17:22.920 --> 00:17:26.680 want to take a stuff at this, because I don't even think. I 175 00:17:26.680 --> 00:17:30.440 think it's a completely different mindset. But with think we think like Oh, 176 00:17:30.480 --> 00:17:33.839 we're going to we need to come up with a project. I think we 177 00:17:34.000 --> 00:17:38.839 quickly identify the things that we need. So the first thing that you can 178 00:17:38.960 --> 00:17:45.000 realize is like, wait, I got three seniors in the neighborhood. Maybe 179 00:17:45.079 --> 00:17:49.279 they need to ride to go to somewhere. Now I'm running on makeshift Uber, 180 00:17:49.720 --> 00:17:53.319 but they don't like other street to my mom and I don't know she's 181 00:17:53.359 --> 00:17:59.599 around here somewhere. My Mom Caribbean. We have this tendency of always sending 182 00:17:59.680 --> 00:18:04.279 things back home, always sending things back home. So about a couple of 183 00:18:04.319 --> 00:18:10.839 weeks ago we had our whole porch had about maybe I want to say ten 184 00:18:10.960 --> 00:18:15.960 BIS. Right, I drive a Vol Swagen Jetta. There's no way we're 185 00:18:15.960 --> 00:18:23.000 putting ten bins in a jeff none. Somehow she ran into this guy, 186 00:18:23.119 --> 00:18:27.799 found this guy that had some truck that now takes a ten bins to the 187 00:18:27.960 --> 00:18:32.480 docks. In that way she could shift them out, and that's where I 188 00:18:32.519 --> 00:18:36.359 think, like our might set just kind of kicks in. What we quickly 189 00:18:36.359 --> 00:18:41.200 and readily identify is that need and that's where it is, like we are 190 00:18:42.119 --> 00:18:47.599 just immediately shift. When I started my business, I wasn't even thinking about 191 00:18:47.640 --> 00:18:48.559 anything else. I was like, man, we got like forty people out 192 00:18:48.559 --> 00:18:53.240 here shooting videos, but they got no editor. Let me just goes ed 193 00:18:53.359 --> 00:18:56.319 it up and edit for these guys. And before I knew it, from 194 00:18:56.480 --> 00:19:02.799 editing I then had the funds to get the camera and just started to do 195 00:19:02.880 --> 00:19:04.400 a whole lot of acquire a whole lot more stuff, and I was like, 196 00:19:04.440 --> 00:19:08.160 I don't even really want to shoot. I love shooting, but I 197 00:19:08.160 --> 00:19:12.440 don't have to shoot cause we have shooters in abundance. And I think what 198 00:19:12.519 --> 00:19:21.160 the entrepreneurial mindset is is that we immediately identifying needs or things. It isn't 199 00:19:21.160 --> 00:19:25.200 the things that we need within our own personal life, services that we need, 200 00:19:25.240 --> 00:19:29.079 and then we start to offer it to other people, and that that's 201 00:19:29.119 --> 00:19:30.880 where the mindset is. So it's not even like I don't even think I 202 00:19:30.960 --> 00:19:34.680 mean, and maybe saying project puts it on a larger scope, but just 203 00:19:34.720 --> 00:19:40.519 thinking as it as a micro's I boom, it just hit like wait, 204 00:19:41.440 --> 00:19:44.319 San does not know how to set up our Internet. Maybe I could start 205 00:19:44.359 --> 00:19:48.519 helping Lana with in it. That's a easy, easy service. And I 206 00:19:48.519 --> 00:19:53.680 hate to use our seniors as example to a certain extent, because a lot 207 00:19:53.759 --> 00:19:57.440 of people pray on our seniors for those same reasons. Is because they have 208 00:19:57.599 --> 00:20:03.839 long capable of handling certain things anymore and they immediately become that quick. But 209 00:20:04.200 --> 00:20:07.759 you know there's a scenior over there and you know so I'm not telling you, 210 00:20:07.759 --> 00:20:11.960 other entrepreneurs, to pray on our seiors. I hope that we will 211 00:20:11.039 --> 00:20:15.000 look out for them. You know, it's just that I just think that 212 00:20:15.119 --> 00:20:22.559 the mindset immediately allows us to find. I find that something that we know 213 00:20:22.640 --> 00:20:27.720 that other people meet and out of sad recently read a Sun Sues Art of 214 00:20:27.720 --> 00:20:37.680 war and yeah, there's you're not get a catchressed. But basically sun see 215 00:20:37.680 --> 00:20:48.960 would intentionally trap his own armies in situations where the only way to survive was 216 00:20:48.079 --> 00:20:53.480 to basically conquer the enemy. So he would cut off like the escape roots 217 00:20:53.640 --> 00:20:57.720 or the you know, retreat roots and basically force him into it. And 218 00:20:57.759 --> 00:21:03.839 Sun see was extremely successful at winning battles, because people will do anything when 219 00:21:03.839 --> 00:21:10.079 they're backs up against the wall's right. As entrepreneurs, oftentimes we can, 220 00:21:10.359 --> 00:21:14.240 I'm now speak from experience that when things are going really well. Sometimes you 221 00:21:14.240 --> 00:21:17.079 you take your foot off the gas a little bit and you're like, okay, 222 00:21:17.119 --> 00:21:19.759 things are going good, like I like this, but then all of 223 00:21:19.799 --> 00:21:23.000 a sudden, when things aren't going well, you're like, you know, 224 00:21:23.039 --> 00:21:26.160 how do I, you know, press anss on this again, get this 225 00:21:27.880 --> 00:21:33.000 faster, but but yeah, it's too Shalanda's, you know, point of 226 00:21:33.039 --> 00:21:37.119 the motivation, I think being in a point of or even if you're able 227 00:21:37.160 --> 00:21:41.640 to convince yourself that you're in a that your backs against the wall, you're 228 00:21:41.640 --> 00:21:45.279 going to find extremely creative ways to get out of that situation, whether it 229 00:21:45.359 --> 00:21:49.960 is identifying that you know the the elderly neighbors down the street need to ride, 230 00:21:51.039 --> 00:21:55.240 or you figure something else out because you need to pay that electricity built, 231 00:21:55.319 --> 00:21:56.400 you know, at the end of the week. So what are you 232 00:21:56.440 --> 00:22:00.200 going to do between now and then to make that happen? So to me, 233 00:22:00.319 --> 00:22:03.440 that's all. That's a mindset ship that I sometimes go in and out 234 00:22:03.440 --> 00:22:07.440 of as an entrepreneur and I know when it's when it's time to put my 235 00:22:07.440 --> 00:22:11.079 foot back on the gas, that it's like a whole different game and I'm 236 00:22:11.160 --> 00:22:12.839 kind of like Conno Vision, focused on what I need to do at that 237 00:22:12.880 --> 00:22:18.480 point. A. One more thing to that really close quick on Slanda is. 238 00:22:18.680 --> 00:22:22.200 I think we also then realize, in finding one of backs against the 239 00:22:22.200 --> 00:22:26.920 wall, not just the fact that getting out. Well, we start to 240 00:22:26.000 --> 00:22:33.160 realize what it's going it's compounding it. We then start to realize, like, 241 00:22:33.240 --> 00:22:37.240 how these smaller things at up. So at one point in my business 242 00:22:37.319 --> 00:22:41.599 I was like all we look at it as a holiest man. I need 243 00:22:41.599 --> 00:22:45.920 to make x amount of dollars, I need to do this or I need 244 00:22:45.960 --> 00:22:53.160 and we start to confuse our needs wants. But once you're in that situation 245 00:22:53.160 --> 00:23:00.000 where you're fighting for that need, you slowly realize that, wait, five 246 00:23:00.039 --> 00:23:03.279 plus five is ten, plus five is fifteen. That's twenty weight. There's 247 00:23:03.319 --> 00:23:07.519 twenty five in a hundred. You start to realize how quickly the small things 248 00:23:07.640 --> 00:23:11.200 at up, because now you're not letting go. Is as much you're not. 249 00:23:11.319 --> 00:23:15.319 We're not easing our foot off the gas now, because now we really 250 00:23:15.359 --> 00:23:19.359 need it to propel more forward. So and then we also, within that 251 00:23:19.440 --> 00:23:26.680 mindset and that motivation, we start to realize how these the compounding effect we 252 00:23:26.880 --> 00:23:32.839 works. Yeah, and I think that compound effect, you know, we're 253 00:23:32.880 --> 00:23:38.599 talking from the perspective primarily of, you know, Solo Pur nerves. But 254 00:23:38.720 --> 00:23:47.000 that compound the fact and that back against the wall becomes magnified when you try 255 00:23:47.039 --> 00:23:52.240 to increase your capacity as a business and you on board people. Yeah, 256 00:23:52.400 --> 00:23:57.200 right, because the need is greater than what you one person can fulfill. 257 00:23:57.240 --> 00:24:03.640 And when you on board people ball, that brings on a whole nother set 258 00:24:03.680 --> 00:24:08.599 of motivation and a mindset shift. That needs to happen because here it is. 259 00:24:08.920 --> 00:24:18.880 You now have somebody else's likelihood in your hands. Many entrepreneurs, I 260 00:24:18.920 --> 00:24:22.599 know many entrepreneurs that go without a salary just to make sure that they can 261 00:24:22.640 --> 00:24:30.720 pay their employees, so that their employees have a paycheck. I remember the 262 00:24:30.720 --> 00:24:37.319 inside. Yeah, so I think you know, when we think about it, 263 00:24:37.400 --> 00:24:45.319 there is that risk that entrepreneurs take when they start a business and when 264 00:24:45.319 --> 00:24:49.960 they decide to expand a business, that risk even gets magnified because then you 265 00:24:51.000 --> 00:24:55.480 have people's lives in your hands and it can be daunting. And that's why 266 00:24:55.519 --> 00:25:00.839 having these conversations are good to realize that they're not alone. You know that 267 00:25:00.880 --> 00:25:04.640 their motivations are real and that their mindset. They just need to stay focused 268 00:25:06.240 --> 00:25:11.200 right and have conversations with under other entrepreneurs that are going through similar so you 269 00:25:11.240 --> 00:25:15.359 realize I'm not in this alone. They're having similar experiences and you can learn 270 00:25:15.400 --> 00:25:19.599 from each other to help each other group right. One thing we do thank 271 00:25:19.640 --> 00:25:25.160 for gravied is that we always look at everybody else as entrepreneurship as a shit 272 00:25:25.200 --> 00:25:30.440 that's selling full steam ahead and we never really pay attention to the fact that, 273 00:25:30.519 --> 00:25:34.200 wait, Chris is losing steam or Sananda's doing this is what I'm saying. 274 00:25:34.240 --> 00:25:40.640 We always look at the other entrepreneurs as everything is working perfectly for so 275 00:25:40.759 --> 00:25:44.240 it's in the sometimes it's not even just having a conversation other entrepreneurs. This 276 00:25:44.359 --> 00:25:48.079 will be my last last bit. I remember one time I was I think 277 00:25:48.079 --> 00:25:52.200 of the high school started running like this kind of we were shooting basketball games, 278 00:25:52.279 --> 00:25:56.640 right, and the guy that I ended up having shoot some of the 279 00:25:56.680 --> 00:26:00.880 Games for real, close family friend. One Night I sat down, I 280 00:26:00.920 --> 00:26:04.079 explain it to alm was like Yo, like this doesn't even make sense. 281 00:26:04.079 --> 00:26:07.759 He's like, what do you mean? I get paid, it's good. 282 00:26:07.799 --> 00:26:11.079 I'm like yeah, I said, by the time you get paid at the 283 00:26:11.160 --> 00:26:14.880 end of the night and I still feel you at the end of the night. 284 00:26:14.880 --> 00:26:17.559 You know what I mean? Like I'm walking away with nothing. And 285 00:26:17.599 --> 00:26:21.160 then the question was like, so, why are you doing it? And 286 00:26:21.200 --> 00:26:26.480 I was like because, because they didn't want to say, like the means 287 00:26:26.480 --> 00:26:30.240 has to justify the end. When we're passionate about certain things, I believe 288 00:26:30.240 --> 00:26:33.599 been giving back to the community and like just those different exposures, and that 289 00:26:33.720 --> 00:26:37.279 was that was it, because now we should have basketball games so on. 290 00:26:37.319 --> 00:26:41.519 That way they could get their tapes, to go to college and so forth, 291 00:26:41.319 --> 00:26:45.759 and that to me was just greater than the fact that when I walk 292 00:26:45.799 --> 00:26:49.119 away and every night, I'm technically out of loss. And that just kind 293 00:26:49.160 --> 00:26:53.759 of blew his mind, you know. So sometimes, like if we feel 294 00:26:53.759 --> 00:26:59.039 we have employees that might be on the achievement sometimes, when you share what 295 00:26:59.079 --> 00:27:02.359 your goal is and you just give them, you don't have to give them 296 00:27:02.359 --> 00:27:04.839 a complete insight, but just show them what it is that we're dealing with, 297 00:27:04.920 --> 00:27:11.119 I think that that that changes the whole dynamic of one relationship and to 298 00:27:11.519 --> 00:27:17.079 it fuels their motivation, because now they see what it is that you're sacrificing, 299 00:27:17.240 --> 00:27:19.319 you know, and it just kind of pushes them forward. In reminding 300 00:27:19.319 --> 00:27:22.240 me of this thing that I saw this week. Last last comment, and 301 00:27:22.359 --> 00:27:29.759 it was like it's a shame when employees leave companies for higher wages. It's 302 00:27:29.759 --> 00:27:37.839 disloyal. They're not loyal to the company, but when companies cut employees, 303 00:27:37.119 --> 00:27:41.359 it's considered like a for not being able to, I guess, reach your 304 00:27:41.400 --> 00:27:48.640 financial mark is considered good business practice and that's a corner. I feel like 305 00:27:48.680 --> 00:27:52.720 we have the shift. You know what I mean. As entrepreneurs you're going 306 00:27:52.759 --> 00:28:00.000 to see each other. Everybody's ship isn't fully functional. Together we do contribute 307 00:28:00.160 --> 00:28:03.160 and could make smoother sailing and that's just sit so just know we're not in 308 00:28:03.200 --> 00:28:11.039 this alone and partnering changing our mindset of just just Oh, it's me, 309 00:28:11.119 --> 00:28:14.519 it's me, it's me. It's not a mean thing, it's US thing. 310 00:28:14.519 --> 00:28:19.680 We're on this trip together. Any last thoughts, Chris? I don't 311 00:28:19.680 --> 00:28:26.359 know, trust in they're pretty good with that one. I know I can't 312 00:28:26.400 --> 00:28:30.759 just that since we kind of got into, you know, scaling and that 313 00:28:30.920 --> 00:28:36.839 being another element to it. I think in communicating with whether it's your customer 314 00:28:37.000 --> 00:28:40.640 or your employees, I think at the end of the day you just have 315 00:28:40.720 --> 00:28:45.839 to sell the vision and be passionate about the vision yourself, because if if 316 00:28:45.880 --> 00:28:48.440 you're trying to sell to a customer and you're not really into it, they're 317 00:28:48.519 --> 00:28:51.960 they're going to feel that energy, they're not going to buy it. And 318 00:28:52.000 --> 00:28:53.799 if you have employees who don't really know what the vision of the company is 319 00:28:53.799 --> 00:28:59.359 because you're either, you know, to afraid or have too much pride to 320 00:28:59.440 --> 00:29:02.319 kind of tell them or tell them what the situation is, I think, 321 00:29:02.359 --> 00:29:07.519 to Tristan's point, that when you have clear set goals and clear communication, 322 00:29:10.079 --> 00:29:15.279 again both for your clients and for your gainstiluers collaborators, that everybody knows what's 323 00:29:15.279 --> 00:29:21.000 happening with the dream at any time. But people have more investment in it 324 00:29:21.079 --> 00:29:25.319 to to want to help that dream succeed because then they know what's at stake 325 00:29:25.359 --> 00:29:27.799 for them to so. Because it's a risk of your employee to get involved 326 00:29:27.839 --> 00:29:32.279 with a startup or young business as well. But if they know how they're 327 00:29:32.279 --> 00:29:37.839 contributing and what their concer contribution means to the company, you know they're going 328 00:29:37.880 --> 00:29:40.960 to be much more motivated, because nobody's going to be as motivated about your 329 00:29:41.000 --> 00:29:45.880 dream as you are. But but you can get people bought into a dream 330 00:29:45.880 --> 00:29:52.200 if they know what's what's in it for them. Hmm, absolutely, absolutely, 331 00:29:52.240 --> 00:29:55.559 and you know we can get into a whole another conversation about your continue 332 00:29:55.640 --> 00:29:59.039 mission, your values and all that stuff, which is we're going to be 333 00:29:59.079 --> 00:30:03.680 served that for another their episode, because I think that's a really good conversation 334 00:30:03.880 --> 00:30:11.440 to have a particularly since I have been participating in a microentrepreneurial training and I 335 00:30:11.480 --> 00:30:17.079 know in a previous podcast we made a comment about business plans. Tristan, 336 00:30:17.880 --> 00:30:22.079 are important. I'm learning the importance of them, but we're going to save 337 00:30:22.200 --> 00:30:26.920 that for another episode. Talking about the motivations in the mindsets of our entrepreneur, 338 00:30:27.119 --> 00:30:32.359 we want to be able to use our knowledge, skills and abilities that 339 00:30:32.440 --> 00:30:37.240 may be innate to us, but applying them within the environment where we can 340 00:30:37.240 --> 00:30:42.200 create opportunities not only for ourself on our business, but for others. And 341 00:30:42.240 --> 00:30:48.720 that's really fundamentally is that we want to make a meaningful change in the communities 342 00:30:48.880 --> 00:30:53.160 or the world that we're in, and that's that's basically what it's about to 343 00:30:53.240 --> 00:31:00.400 be an entrepreneur. So folks change folkses. Wraps up another conversation of the 344 00:31:00.599 --> 00:31:06.599 entrepreneurs trip. We want to thank our team, are collaborators and especially you, 345 00:31:06.799 --> 00:31:10.799 are listeners, for making this trip possible. visit our website, the 346 00:31:11.000 --> 00:31:17.039 entrepreneurs trip, that's entrepreneur with an s trip, is subscribed to receive our 347 00:31:17.079 --> 00:31:21.480 blogs today until our next trip. Be well and take care.