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Silent Sales Machine Radio

#178: The hardest thing you'll ever face as a business owner

Silent Sales Machine Radio

Jim Cockrum

Entrepreneurship, Careers, Business

4.8811 Ratings

🗓️ 4 April 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

How would you answer this question? What's the most difficult aspect of being a business owner? Prepare for it and guard against it with the tips and strategies from today's episode. Notes at https://SilentJim.com/podcast
 
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Transcript

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0:00.0

Welcome back to Silent Sales Machine Radio, Jim here, and I've got a question that I was asked recently at an event.

0:09.9

Spurred the moment, just a little quick pop-up interview.

0:13.0

Guy whipped out his cell phone and said, hey, can I interview you?

0:15.7

I said, sure.

0:16.9

He hit record, started asking me questions.

0:18.6

And one of them was a really good question that I don't think I've ever been asked before.

0:25.2

And he set it up in such a way that he was going to present it as a pretty difficult question.

0:30.6

But instantly, and it popped in my head.

0:33.3

I knew from my own experience, it was easy to answer what would have been probably 10 years or so

0:39.9

ago. It might have been a relatively difficult question to answer. But having seen, you know,

0:44.7

having my own business for about 20 years now, coming up on 20 years, if you include the time,

0:50.3

the overlap time where I was actually still working in the corporate world. It's 20 years now.

0:54.9

And by far the most obvious answer popped in my head to his question. So I'll tell you the

0:59.4

question. I'm going to allow you to think about it a little bit as well. And I've got another

1:04.4

interesting question for you as well. So let's just call this the episode of two interesting

1:08.4

questions. And I'll kind of try to tie the two

1:11.7

of them together as well with a theme that you hear around here frequently. So let's put on our

1:17.1

thinking caps and think through a couple tough questions here. I will start with the question he asked

1:22.3

me. And then before I answer it myself, I want you to think about it. He said, what's the most

1:26.8

difficult part of running a successful business? What's the most challenging aspect of it? And before I give you

1:37.2

my answer, which may or may not influence your answer, I don't know, I'm going to ask you

1:42.9

another question. So you can be deep

...

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