Why Fear is the Biggest Roadblock in Business | Serial Entrepreneur, Phil Smith

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.6 • 1.9K Ratings

🗓️ 29 December 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of #ThePlaybook, Phil Smith, Serial Entrepreneur, shares his thoughts on: [3:15] - How the prevalence of working from home has forced employers (and employees) to adapt [12:28] - The origins of his partnership with Shark Tank’s Kevin Harrington [15:45] - Why fear is the biggest roadblock that people experience in business [17:39] - How spending 5 minutes with the right mentor can be life-changing Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This is the Playbook. I am so excited. I'm here at SoFi Stadium for the playbook of the
0:07.1	century. Phil Smith in the house. Welcome to the playbook. I appreciate it. Thank you for
0:11.2	having me. Thanks for coming. Look, you and I share a similar perspective. And I was in a place
0:16.9	called Alula, which is in Oasis. And I'm sitting there in this resort in the middle of the desert.
0:22.9	And it probably was one of the nicest hospitality accommodations that I've ever stayed in.
0:28.8	In the middle of the desert. And I'm thinking to myself, I grew up in Acro, Ohio with a single mom,
0:35.0	six kids. You packed my dinner in a paper bag, worked two jobs. How the heck did I get here?
0:40.9	It was beyond the American dream. And I think a lot of people don't believe the American dream
0:48.8	still exists. Do you think it still exists? I still, I think it exists. It's just different today.
0:55.2	And how's it different? So for me, going all the way back to 2006, I decided to start working
1:01.0	from home myself. That was my transition. You're an early pandemic guy. Yeah, very early.
1:07.0	2006, I sold a company in 2005. I said at that point in time, I'm like, you know what? I want to
1:12.6	work from home. I don't want any employees. I just want to be my own boss. Do what I want.
1:16.0	I got to stop you there. So best piece of advice that my dad gave me. He said, if you don't like
1:21.2	someone, wish them success with employees and overheads. Say, I hope you have a huge office
1:27.6	with thousands of employees and the guys like, oh, thank you, man. That Dave Meltzer is such a nice
1:32.4	guy. Meanwhile, you just cursed him, right? Exactly. It's funny that you say that because at the first
1:37.9	time I ever went to ink 5,000 awards, I met people and I said, yeah, I'm a one employee company.
1:42.9	I worked from home and every pretty much everyone who goes, how did you become a one employee
1:47.7	company? You're here. You know, so I was a big thing for me. They, at that moment of time,
1:54.0	I was actually 2018. At that moment of time, I knew I was like, wow, okay, I really did accomplish
1:58.0	something because I never thought I did anything special at that point in time. But going back to 2006,
	...

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