E205 - Timo Armoo: How you can play the game by your own rules

The High Performance Podcast

High Performance

Sports, Self-improvement, Mindset, Growth Mindset, Health & Fitness, Non-negotiables, Education, Life Lessons, High Performance

4.8 • 4.7K Ratings

🗓️ 21 July 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is the third episode of our new Leadership Series, sponsored by PwC, in which we will be diving deep into what it really takes to be a CEO.

Timo Armoo is an entrepreneur, speaker and co-founder of Fanbytes, a social media and marketing agency. Timo founded Fanbytes at age 21 whilst in university, eventually selling at aged 27 for an eight figure exit. In this conversation, we delve deep into Timo’s entrepreneurial mind, exploring what makes a great business idea, finding a core purpose and knowing when a good opportunity arises.

They discuss how his upbringing in Ghana, and then his teenage years in South West London, influenced his career. Timo shares the impact small wins can have, how to carefully choose your team and how he has “never had an original idea”.

Thank you to PwC for sponsoring this special CEO Series. PwC’s purpose is to build trust and solve important problems, and their global strategy - The New Equation - is bringing this to life for their clients, people and society. By combining technology with human ingenuity, passion and experience, PwC works with organisations to deliver more intelligent, sustained outcomes.

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Transcript

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0:00.0	By there, you're listening to High Performance, the award-winning podcast that unlocks the
0:05.4	minds of some of the most fascinating people on the planet. I'm Jay Cumpfrey and alongside
0:10.4	Professor Damian Hughes we learn from the stories, successes and struggles of our guests,
0:15.9	allowing us to explore, be challenged and to grow. Here's what's coming up today.
0:21.8	A lot of successful people have a superiority complex and I have that and I also have that
0:29.2	when I was young. I was like, I believe I am better than my surroundings. I believe I'm better
0:34.4	than my environment. I can be bigger than where I am now.
0:41.2	Any business is a vehicle to serve you, right? Not to serve other people. It's to serve you to make
0:48.8	you more happy, make you more, you know, like give you income to provide for your family. Like
0:54.0	it's a vehicle for you. The moment that you move to becoming almost like a slave to
0:58.3	your business because you're playing someone else's game on how much to fundraise, how big your
1:03.2	team is, how big your offices, how many press articles you have, that's the time that you've actually
1:08.4	just lost the game. Don't get involved in the status game because the moment that you get involved
1:15.0	in the status game, every day of your life you would be like, oh well, they've got more than me,
1:19.6	they've got more than me. And it's such a bullshit way to live your life.
1:23.6	So today we welcome Timothy Armu to High Performance. This is part of our leadership series
1:28.7	with PWC and we talk often on this podcast about this sense of delaying our happiness,
1:33.9	of people waiting for a moment in their life where suddenly everything's great and they no
1:38.5	longer have problems. Well, you're about to hear a conversation with a young entrepreneur
1:43.3	who sold his business for millions and as he will share with you, it doesn't mean the game is over.
1:48.9	Timo may well be on level two or level 25 of this game of life, but the truth is there are
1:55.4	infinite levels to this game and I think it's a really important conversation to have in a world
	...

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