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Order of Man

5 Obstacles and Answers to Starting a Business | FRIDAY FIELD NOTES

Order of Man

Ryan Michler

Business, Health, Leadership, Relationships, Man, Society & Culture, Intellect, Style, Lifestyle, Money, Selfdevelopment, Wealth, Fitness, Selfhelp, Nutrition

4.89K Ratings

🗓️ 23 February 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

In this week’s FRIDAY FIELD NOTES, Ryan Michler discusses what it takes to succeed as an entrepreneur. Hit Ryan up on Instagram at @ryanmichler and share what’s working in your life.

SHOW HIGHLIGHTS

5 Things to be aware of when starting a business

  1. It’s going to take a lot of time and energy up front, and become more efficient overtime.
  2. Additional costs continue to accrue.
  3. You’re going to make mistakes along the way.
  4. Learning how to communicate with all sorts of different people.
  5. There’s a challenge in making sure you’re continually growing.

5 Solutions you can consider when starting your own business

  1. Recognize that you’re in a season when working on the startup.
  2. Plan ahead for those additional costs that build up.
  3. Work with coaches and building entrepreneurial friendships to combat the mistakes you will make along the way.
  4. Recognize that all people are not like you.
  5. Knowing that what got you here, might not get you to the next point.

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Transcript

Click on a timestamp to play from that location

0:00.0

You're a man of action, you live life to the fullest, embrace your fears, and boldly charge your own path.

0:05.8

When life knocks you down, you get back up one more time, every time.

0:10.3

You are not easily deterred and defeated, rugged, resilient, strong.

0:15.6

This is your life, this is who you are, this is who you will become.

0:19.8

At the end of the day, and after all is said and and done you can call yourself a man.

0:25.0

Starting in business is extremely hard work.

0:27.6

Now I know there's a lot of people on the socials, Instagram, Facebook, YouTube, all these entrepreneurs telling you how easy it is to start a business and why this is the best time and all you have to do is open your doors and all you have to do is sell a product and some of that has some validity to it, but it's harder than you think.

0:45.0

And I'm going to be real with you, because I've had some success in business,

0:49.0

I've had some failures in business, and I think it's very important that we be honest with each

0:54.4

other about what it takes to succeed as an entrepreneur. I do believe that it's the best time to start a business and I do believe that there's plenty of opportunity out there for you to start a

1:06.2

lucrative side business or side hustle if you want to call it that or even a full-time career if you have a desire, an inclination, and the ability to do so.

1:16.2

But there's some things that you need to be very, very aware of.

1:19.6

Because if you're not, you're going to fall prey to the Instagram gurus who tell you how easy it is

1:25.2

and you're going to end up spending a lot of time, money, energy, and resources on something

1:30.4

that's destined to fail. So today I'm going to talk with you about five things

1:34.4

that I've learned over the past nine years

1:36.9

and running the Order of Man organization

1:39.0

and with my own registered investment advisory firm

1:42.0

for financial planning prior to that.

1:44.5

And then I'm going to talk with you about five solutions that you can consider when starting

1:48.9

your own business.

1:50.1

Now guys, before I get into that, I do want to mention to mention speaking of businesses one business that I'm a huge advocate for and friends of mine over at Montana knife company now these guys make knives for hunting for culinary. I believe they're coming out with a tactical line very soon.

...

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