“I don’t think you can go eight hours a day with something, whatever it is (with me, it’s a company), you can’t do that unless you’re in love, unless you have a passion, because it doesn’t give you back all that much at times, at times it gives you a lot of pain, a lot of heartaches.” Joe Foster, Founder of Reebok.
Equity sharing is just one of the tricky subjects discussed in today’s episode with Roland Frasier, and Ryan Deiss. Today is the beginning of a new chapter for the Business Lunch Podcast, as we welcome our new co-host Ryan Deiss. These two seasoned Entrepreneurs also chat about a sudden slump in sales and the (apparently controversial) role of the CEO when it comes to marketing.
The concept of “Balance” assumes that there’s some aspect of equality, a notion of equilibrium. Go ahead and set all those ideas aside. Forget balance. Instead, accept and adopt prioritization. Then say, based on the season of life that you’re in and what your values are (the things that really, really matter to you), what you’re going to prioritize. “Because at the end of the day, I’m one human being with the same 24 hours as everybody else. And the more in demand you are, the less you’re going to be able to check all those boxes off.” Ryan Deiss
Most Business owners think they want money. But they actually want what money can do for them, right? That might be to hire more employees, to get more equipment. It might be the ability to generate leads and customers by spending it on media. If you can help them with any of these things, then you’re genuinely an Investor. If you can’t help them with either cash or their needs, then you need to walk away. But if you can…Here’s Something You Need To Do.