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Capitalism.com with Ryan Daniel Moran

More Advice For Struggling Entrepreneurs

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Business, Entrepreneurship

4.8802 Ratings

🗓️ 27 July 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

In this follow-up to our June 29th podcast "Advice For Struggling Entrepreneurs", Ryan shares more stories and perspectives on getting past mental hurdles that hold us all back as entrepreneurs.

The truth is, most entrepreneurs deal with feelings of loneliness and doubt.

In this podcast Ryan talks about how to tackle these challenges and do our best work in business to create change in the world.

If you're ready to build a 7-figure business you can sell that doesn't eat up all of your time, watch Ryan's FREE 4-part video series - The Perfect Business
https://www.capitalism.com/perfect/?utm_source=CapPod&utm_medium=podcast&utm_campaign=episode

Transcript

Click on a timestamp to play from that location

0:00.0

I'm going to share a really vulnerable story with you today because I've shared this story

0:10.4

with a few people close to me, other entrepreneurs that expressed that when I shared this

0:16.8

with them, it helped them get through a tough time a lot faster. And if you go down the

0:24.3

entrepreneurial path, you're going to have really hard times. You're going to have times when

0:29.2

you want to quit. You'll have times when you doubt yourself and times you feel like a failure.

0:32.6

And I'm not immune to those. I don't think any entrepreneur is immune to those. And I hope that

0:38.7

by me sharing the story with you, that it allows you to let go of some junk that we have

0:47.5

that held me back a lot longer than I wish it had. And the story goes back a few years ago when I went through a really hard time.

1:00.6

I went through a hard time where a few business projects didn't work out. I lost a few million

1:06.3

dollars, which hurts, by the way. And I started to doubt myself.

1:12.7

And I started to wonder if my successes were lucky breaks.

1:17.9

I started to wonder if maybe I wasn't that good at being an entrepreneur.

1:22.6

And I wondered if my best days as an entrepreneur were behind me. And as a result of going through that

1:31.2

time, I would just call it like a losing record for a while, a slump, if you will, that lasted

1:37.1

about 18 months. I started to doubt all of the projects and all the opportunities that were coming my way. I didn't

1:46.6

realize that my mind was stuck in a negative place until I was driving around the city of Austin

1:54.3

with one of my new team members. And we were driving around the city for about 30 minutes. And

2:00.0

during this mini tour of Austin,

2:03.7

I was sharing with him just some things I observed in the city. I said things like, oh, this is

2:11.0

an office building that I tried to buy a couple years ago. I really wish that I had bought that,

2:15.5

but I got cold feet at the last minute.

2:17.8

And then over here, here's a house that I sold. I wish I had never sold that house.

...

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