Boldly Unemployed: Embracing Entrepreneurship, with Steve Chou

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 7 June 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

We sit down with Steve Chou, an accomplished entrepreneur who, alongside his wife, built two businesses that each bring in seven figures – and gives them the freedom to spend more time with their kids. We delve into the challenges he faced in the early stages of his business and how he overcame these obstacles. Additionally, Steve opens up about the personal and emotional aspects of running a business. He candidly discusses the fears, doubts, and sacrifices he and others have encountered during this transformational journey, emphasizing the importance of resilience and avoiding the comparison trap. Whether you're contemplating leaving your job to start your own venture or simply seeking inspiration from a seasoned entrepreneur, this episode with Steve Chou is a must-listen. For more information, visit the show notes at https://affordanything.com/episode445 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	More than a decade ago, Steve Chu decided that he wanted to start a business so that
0:04.9	he and his wife could spend more time with their kids.
0:07.4	What he found out initially was that running a business could be a non-stop workathon
0:12.8	or it could be designed in a family first style.
0:17.9	We're going to hear from him about that in today's episode.
0:22.1	Welcome to the Afford Anything Podcast.
0:24.0	The show that understands that you can afford anything but not everything.
0:27.7	Every choice that you make is a trade-off against something else and that doesn't just
0:31.0	apply to your money.
0:32.0	That applies to your time, your focus, your energy, your attention to any limited resource
0:35.7	you need to manage.
0:37.0	Which opens up two questions, what matters most, and how do you make choices accordingly?
0:43.0	My name is Paula Pan.
0:44.0	I'm the host of the Afford Anything Podcast.
0:46.7	And today we'll be chatting with Steve Chu about how to build a business that's designed
0:52.8	towards giving you freedom of time, time freedom.
0:57.8	So if you want to quit your 9-5 and start your own company but you don't want to be working
1:03.5	80 hours in order to not work 40 or if you want to start a side hustle but it has to be
1:11.3	hyper efficient because you don't have a lot of time.
1:14.4	You're already working a full time job.
1:17.4	For whatever reason, whether it's a side hustle or a full time business, if you want an
1:22.4	efficiently run, time-friendly business.
	...

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