239: Personal Sacrifice with Henry Lopez
The How of Business - How to start, run, grow and exit a small business.
Henry Lopez, Levante Business Group
4.7 • 522 Ratings
🗓️ 25 March 2019
⏱️ 11 minutes
🧾️ Download transcript
Summary
Sacrifice - what are you willing to personally sacrifice to become your own boss and start your first business? If you are already in business, what are you willing to sacrifice further to grow it? Henry Lopez shares his thoughts on the kind of sacrifices that, based on his entrepreneurship experience, you have to be willing to make in order to succeed as a small business owner - particularly when launching your first business.
Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business show – dedicated to helping you start, run and grow your small business. (TheHowOfBusiness.com)
Transcript
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| 0:00.0 | Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, |
| 0:05.9 | run, and grow your small business. And now, here is your host. Welcome to the Howe Business podcast. |
| 0:12.5 | This is Henry Lopez. And this is a re-release episode of an episode on the topic of personal |
| 0:18.4 | sacrifice that I originally released back in 2019. I've cleaned it up a little bit, |
| 0:23.6 | and I'm going to share with you here a summary of what I cover in this short episode, but all of it, |
| 0:27.7 | I believe, is still very relevant, which is about what do we have to personally be willing to |
| 0:33.4 | sacrifice to start our first business, or if we've started our first business to grow it to that |
| 0:38.3 | next level. Because sacrifices, personal sacrifices, I believe very strongly based on my experience |
| 0:44.1 | and what I've observed with my coaching clients is part of what it takes to be successful in |
| 0:49.8 | business. And so on this episode, I'll share my definition of sacrifice in the context of starting |
| 0:55.0 | and growing a small business. And then chat about our willingness, are we willing to sacrifice, |
| 1:01.0 | make those key sacrifices? That's the key question. What are you willing to sacrifice to get |
| 1:06.6 | your small business launched or to grow your existing small business. Then I'll share some |
| 1:11.2 | examples. I've got a great book recommendation as well that I'll mention in this episode. And of |
| 1:15.8 | course, you can always find a link to any book recommendations on the show notes page at the |
| 1:19.8 | howab business.com. One of the key areas of sacrifice that I touch on on this episode is your |
| 1:24.8 | personal situation, your personal finances, to put you in a position |
| 1:28.4 | to be able to successfully launch and grow your business. And then I give you a challenge that I |
| 1:33.8 | really want you to think about doing to help you with identifying what are those sacrifices |
| 1:38.7 | that if you're willing to make, will free up the time, will allow you to give you the bandwidth |
| 1:43.5 | to stay focused and put in |
| 1:45.4 | the effort that you'll need to put into to get your business started or to take your business |
... |
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