The Hard Truths of Business: What They Don't Teach You in College
Win Make Give with Ben Kinney
Ben Kinney Training
4.9 • 1.5K Ratings
🗓️ 10 May 2024
⏱️ 39 minutes
🧾️ Download transcript
Summary
In this episode of the Win Make Give Podcast, Ben Kinney, Bob Stewart, and Chad Hyams discuss the hard truths of business that are often overlooked. They delve into topics such as not everyone liking you, dealing with disappointment, the cost and time commitment of running a business, taking responsibility for failures, and the constant need to prioritize and make tough decisions. They also touch on the importance of managing personal relationships, the need to replace oneself, and the difficult task of firing employees. Tune in to gain valuable insights and advice for navigating the challenges of entrepreneurship.
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Connect with the hosts:
• Ben Kinney: https://www.BenKinney.com/
• Bob Stewart: https://www.linkedin.com/in/activebob
• Chad Hyams: https://ChadHyams.com/
• Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/
More ways to connect:
• Join our Facebook group at www.facebook.com/groups/winmakegive
• Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up
• Explore the Win Make Give Podcast Network: https://WinMakeGive.com/
Part of the Win Make Give Podcast Network
Transcript
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| 0:00.0 | Welcome to the Win Make Give Podcast. This is Ben Kinney. This time we're actually here with Bob Stewart. |
| 0:14.5 | Hey! |
| 0:15.5 | Hey! |
| 0:16.5 | Bob Stewart, Chad Hines, Ben Kenny, and the silent man in the back, Dave Weldon. |
| 0:22.0 | We're coming to you live not live you're listening |
| 0:25.1 | this recorded I take that back we're alive yeah right now all of us. You know what? Bob had an idea today to talk about a subject that I think probably goes through a lot of our minds. Bob, why don't you introduce us to today's subject? |
| 0:45.3 | Yeah, so today's subject's going to be the hard truth of business. |
| 0:48.7 | Ben, you know, a lot of people want to start a business. A lot of people that to start a business. |
| 0:52.8 | A lot of people that listen here have started a business. |
| 0:55.6 | They've, or they're thinking about it, right? |
| 0:57.3 | They've got a job right now and they've got some idea. |
| 0:59.2 | They want to become an entrepreneur. |
| 1:01.4 | And beyond just the simple numbers right that |
| 1:05.7 | 20% of businesses will fail in the first two years 45% will fail in the first five years |
| 1:10.7 | 65% will fail before they get to be 10 years old right? |
| 1:14.0 | You're depressing me Bob. Yeah there's a lot of failure as an entrepreneur but let's say you |
| 1:18.0 | decide you want to make that that transition in your life in your career. |
| 1:25.0 | There are some hard truths then. |
| 1:26.7 | Some things that like I know you don't get up every day |
| 1:29.4 | when we created a list of kind of some of these hard truths |
| 1:31.9 | that we want to ask you about that we want to ask you about. |
| 1:33.6 | We want to ask you about because some of these things on this list, I know you don't |
... |
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