The Importance of Having a Target Market in Business By Paul Carroll

The Proven Entrepreneur

Don Williams

Entrepreneurship, Marketing, Careers, Business

5 • 1.3K Ratings

🗓️ 21 October 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join us for an exhilarating episode of The Proven Entrepreneur Show as we take flight with Paul Carroll, a man whose career has soared through the skies of both aviation and business.

Episode Highlights:

Education Altitude: Discover how Paul juggled grueling Air Force shifts with full-time studies, graduating summa cum laude against all odds.
Career Turbulence: Follow Paul's journey from aircraft electrician to stockbroker, and his ultimate ascent to the cockpit as a commercial pilot.
Entrepreneurial Takeoff: Learn how the 2008 financial crisis became the catalyst for Paul's pivot into wealth management, founding Efficient Wealth Management.
Course Corrections: Hear about the valuable lessons learned from targeting the wrong market and the successful rebranding to Avion Wealth.
Wisdom for Young Professionals: Gain insights on persistence, the entrepreneurial mindset, and the joy of mentoring the next generation.

Whether you're a budding entrepreneur, a career switcher, or simply love stories of resilience and adaptability, this episode is your first-class ticket to inspiration. Paul's candid reflections on his successes and "greatest failures" offer a masterclass in navigating the complex world of business and life.

Tune in and let Paul Carroll's journey remind you that in the flight of life and business, it's not about avoiding turbulence—it's about learning to soar through it.

Fasten your seatbelts and prepare for takeoff on The Proven Entrepreneur Show!

Transcript

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0:00.0	So Paul went to the University, Oklahoma State University, Stillwater, Oklahoma.
0:05.6	Okay, go Cowboys. All right, after that, did you start your first company?
0:11.1	Did you get a job, a J-O-B? What happened? So I went to Oklahoma State for three semesters. I, frankly, you know, I was, I was young. I ran out of airspeed, altitude and ideas about the same time and for one of
0:26.8	options and I sure as heck wasn't going back to Europe I enlisted in the Air
0:31.0	Forces as an aircraft electrician.
0:33.8	They said, well, join us, you can go to school.
0:36.7	And that's what I did.
0:37.7	I enlisted, I went through a boot camp,
0:41.8	you can qualify as aircraft electrician, sent to Guam and spent
0:49.2	three years nine months on Guam because the University of Maryland rotated teachers, professors through Guam,
0:56.1	one of the big bases there, and if you scheduled your classes perfectly, you could finish your
1:02.3	school. First I got my associate degree in aircraft
1:05.2	electrical systems and then my study aircraft electrics, autopilot
1:09.9	instruments and then I worked full-time on my bachelor's in business from the University of Maryland.
1:17.0	I was working very long hours.
1:20.0	The Air Force, probably 10 hours was normal 12 hours occasionally and then on top of that I was going to school full time.
1:29.0	Actually what I would do I would have the school in the evening, 10 p.m. I'd be done. I would sleep in my car.
1:40.0	In Guam, by the way, is quite hot until midnight.
1:44.0	My shift would start at midnight, and I worked at 8, 10, 12,
1:47.6	however long the shift was.
1:49.7	And more than once I would get pulled over for drunk driving and I was just sleepy.
1:54.8	I was driving so erratically.
	...

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