#41: Eric Spofford: From Rock Bottom to Inner Circle: The Power of Purpose and Professionalizing Your Business
JAYSON WALLER UNLEASHED
Jayson Waller
4.4 • 649 Ratings
🗓️ 17 April 2023
⏱️ 53 minutes
🧾️ Download transcript
Summary
Today's podcast episode features Eric Spofford, who shares his experience of hitting rock bottom and finding the power to change. He and Jayson discuss how money and material possessions do not always bring happiness or fulfillment, and the importance of finding purpose and helping others. Eric talks about building a business and having a vision, coaching, and building a leadership team. He also discusses his coaching program and the "inner circle" community that offers tactical business advice, personal development, and networking opportunities.
Eric Spofford is the CEO of Spofford Enterprises. He is an entrepreneur, speaker, coach, recovered drug addict, and student of the game. At 23, inspired by his own struggles with addiction, Eric founded and operated one of the largest addiction treatment organizations in New England, which he sold for nine figures in 2021. Eric is also a seasoned real estate investor and developer.
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HIGHLIGHTS:
- The true meaning of success, fulfillment, and the dangers of chasing material success.
- He talks about building a business, coaching entrepreneurs, and the importance of having a vision for success.
- Eric shares his coaching program, which focuses on professionalizing businesses, building leadership teams, and providing tactical business advice.
- He discusses the "inner circle" community of entrepreneurs, which offers tactical business advice, personal development, and networking opportunities.
- Eric shares his journey of stumbling upon coaching entrepreneurs, his initial doubts, and the success of his coaching group.
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SOCIAL MEDIA:
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Check out the Podcast website: https://letstalkbam.com
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SOCIAL MEDIA FOR ERIC SPOFFORD:
Instagram: https://www.instagram.com/ericspofford/
Website: https://ericspofford.com/
Follow Business and Money Podcast, Formerly True Underdog; and Jayson Waller on your favorite social media channels and digital podcast platforms:
https://linktr.ee/businessandmoneypodcast
Business and Money, formerly True Underdog is a Top 3 Entrepreneurship podcast on Apple hosted by Jayson Waller, Former CEO of POWERHOME Solar, one of the fastest-growing private companies in the USA, and his high-profile guests share motivational tips, inspiring stories, and business-building lessons to help each listener grow in their entrepreneurial journey.
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TIMESTAMPS:
- 00:00 - Prelude
- 00:33 - Introduction to Eric Spofford
- 01:41 - How did Eric start his business?
- 03:14 - What empowered Eric to make a change?
- 05:19 - Wake-up call
- 07:55 - What things do you get into to start making money? What did you start to change to?
- 12:04 - What kind of emotions were you experiencing in relation to business?
- 13:40 - The infancy stages of business
- 15:31 - If you lose sight of other people, the impact, and purpose, it's easy to get caught up in that stuff
- 16:21 - Fulfilling your purpose is the key
- 18:38 - A point where affording things doesn't necessarily equate to genuine satisfaction
- 20:59 - The Blueprint to Success
- 22:18 - "I get up and do it every day because I want to"
- 25:26 - The power of being a visionary and creator
- 29:33 - What are Eric's thoughts on the three key elements necessary for building a successful business?
- 31:26 - Tactical business advice for entrepreneurs
- 32:39 - You are your own worst enemy
- 33:47 - If they think that this business needs you, they're gonna make you roll over equity
- 37:33 - How does the inner circle work?
- 44:26 - How West got me into coaching entrepreneurs
- 46:05 - I needed tactical business advice
- 47:31 - The importance of having a coaching group
- 53:26 - END
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Transcript
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| 0:00.0 | Bam, Jason Waller here with the Bam podcast. |
| 0:02.4 | That's right, business and money podcast. You want to make money, you want to conquer business, you want to go ahead and get that mindset right to take you to the next level and level up, you got to listen to the show. You're going to have all kinds of guests on their billionaires, millionaires, athletes, actors, you name and we're going to have them on here. They're going to be talking about their success, their struggles, their life, their hardship. |
| 0:21.8 | I'm going to talk about my success, my struggle, my life, my hardship. |
| 0:25.4 | So tune in. |
| 0:30.1 | Bam! |
| 0:33.9 | Bam! |
| 0:34.6 | Jason Waller here with the Bam! |
| 0:36.0 | Podcast. |
| 0:36.6 | That's business, attitude, money, and I have got a fucking legend on the show today. This guy I got to meet through mutual friends. This guy just had a huge fucking event in Miami. I was busting his chops like, hey, next time get me to the invite, I definitely want to be there. I was jealous in a good way from the outside going, man, look at those icons there crushing it. People are fucking learning. But my man here, Eric Spofford, he is the CEO of Spofford Enterprises. He built a company, sold it, made tens of millions of dollars, I think even hundreds of millions of dollars. And then turn around, he's got a new business that he's involved in now. He does coaching, speaking, the whole nine. How you doing, Eric? |
| 1:13.4 | Very well. Brother, thanks for having me. |
| 1:15.3 | You like the energy? I'm trying to fucking bring it, baby. |
| 1:18.2 | If you go, fuck. |
| 1:19.7 | You're right, right. So listen, I want to get to know you better. We were talking for a few minutes before them. |
| 1:24.8 | But, you know, I know your business was really helping |
| 1:29.4 | people out that had addictive issues with drugs and things like that. So I want to kind of talk about |
| 1:34.0 | your past. So some of the listeners and viewers I hear know exactly who you are and some of the |
| 1:39.1 | struggles we had that we can kind of get into the great stuff of the business. Yeah, absolutely. |
| 1:43.8 | Yeah. I mean, the past is a interesting story, I guess. At 14 years old, |
| 1:50.3 | I start messing around oxy cotton and, you know, typical American opioid epidemic story, |
| 1:57.9 | oxycodden turned to heroin, dropped out of high school of 15 years old and was living |
| 2:03.5 | that street life for the next seven years. And in 2006, right before my 22nd birthday, after more |
| 2:13.0 | than 100 times of trying to get sober and change my life. I finally did. |
... |
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