TMBA478: The Downsides of Success
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 31 January 2019
⏱️ 30 minutes
🧾️ Download transcript
Summary
"Success" isn't always what it's cracked up to be.
Dan and Ian know this feeling all too well, as they have dealt with some of their own internal struggles after selling their product business.
On today's episode, we are talking about five specific downsides to success.
These aren't necessarily strategic elements, as much as they are about the mindset of success.
You'll hear about some of the common traps that successful entrepreneurs often find themselves in, and how success itself can actually become a competitive disadvantage.
Transcript
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| 0:00.0 | Hey, podcast, listener. |
| 0:05.1 | Even if you are alone in your entrepreneurial journey, know that today, right now in your earbuds, |
| 0:09.7 | you are joined by thousands of entrepreneurs from all around the globe seeking to grow better, |
| 0:14.9 | more profitable, location independent businesses. |
| 0:17.8 | If you'd like to learn more about what we do and download our entire back catalog, check out |
| 0:23.5 | TropicalMBA.com. |
| 0:32.9 | Welcome back to the TMBA pod. |
| 0:35.4 | It's good to have you. |
| 0:36.3 | Today's conversation is about some downsides |
| 0:40.3 | of success, a little bit strategic, a little bit from a mindset perspective. But it's a contradiction, |
| 0:47.1 | right, in life that sometimes when you get what you've been working so hard to achieve, |
| 0:52.7 | you put so much into it, sometimes you can feel disappointed when you get there. |
| 0:57.0 | You can feel anxious. |
| 0:59.0 | And from a business mindset perspective, |
| 1:01.7 | some aspects of success can suck. |
| 1:03.6 | So let's make a success pun. |
| 1:10.2 | Oh, yeah. Oh, yeah. Five Ways, Success Sucks. |
| 1:21.0 | Sometimes it can be a competitive disadvantage having success in your business. Sometimes that can harm you and it can harm you |
| 1:32.2 | from a competitive standpoint within your industry or niche. So from a very tactical or strategic |
| 1:37.7 | view, sometimes it's tougher to be the incumbent, the successful company than the up-and-comer, |
| 1:42.9 | the hungry company that's able to do weird things |
| 1:46.2 | at lower costs or whatever. Today, we are not going to focus so much on the strategic elements |
... |
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