Episode 292- Building a Community, Using Entrepreneurship to Build Personal Wealth & Scaling a Business w/ Pat Flynn & Matt Gartland
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 19 October 2022
⏱️ 43 minutes
🧾️ Download transcript
Summary
Pat Flynn, entrepreneur, author and podcaster founder of Smart Passive Income (SPI) , and Matt Gartland, COO of SPI join the Journey To Launch podcast to discuss all things entrepreneurship, building a community, and how to be a successful business owner.
In 2008 Pat Flynn was laid off from his dream job. Turns out, that was the best thing that could have ever happened to him. Now, he hosts a podcast with over 80M downloads, has published multiple books, is an angel investor, and has teamed up with Matt Gartland, tech industry and startup venture veteran, to scale and grow his entrepreneurial empire.
We chat about scaling and growing a business, building personal wealth after entrepreneurial success, adopting a four-day workweek, and more.
In this episode, we discuss:
- The decision to remain a company of one or scale your business and hire a team
- Why it's important to "date" your potential business partner before you combine forces
- Balancing being a visionary and working with an integrator in your business
- How to make money with your zone of genius + identifying as a "community company"
- Traits and characteristics that make a successful entrepreneur & what you need to focus on when starting out + more
Transcript
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| 0:00.0 | A lot of us feel that entrepreneurship, when we start out is like, imagine you're at |
| 0:06.4 | a poker table, right? |
| 0:07.4 | It's like, if that person's winning, that must mean I'm losing. |
| 0:10.3 | That's not how it is. |
| 0:11.9 | You can win. |
| 0:12.9 | He can win. |
| 0:13.9 | She can win. |
| 0:14.9 | They can win. |
| 0:15.9 | We can all win together and all get poker chips, and we can all just serve that audience. |
| 0:19.1 | And I think that's a really important thing to understand. |
| 0:21.6 | It's a very tough thing because it's different than how we grew up, especially for those |
| 0:24.8 | of us at this age, but everybody can win, and that's the kind of marketing I like. |
| 0:29.4 | Team Minus 10 seconds. |
| 0:31.4 | Welcome to the Journey to Launch Podcast, with your host, Jamila Sufront, as a money expert |
| 0:37.3 | who rocks her top. |
| 0:38.9 | She helps brave juniors like you, get out of debt, save, invest, and build real well. |
| 0:46.0 | Join her on the Journey to Launch to Financial Freedom in 5-on-4-3-2-1. |
| 0:58.4 | Did you know I broke out the path to financial independence into what I call five-journey |
| 1:03.1 | or stages? |
| 1:04.4 | That's right. |
| 1:05.4 | There are five stages that you have to travel through to reach complete financial independence. |
| 1:10.7 | When you know your stage, you know what to focus on and how to move on to the next stage. |
... |
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