Episode Summary:
why you want the hard times
Dave tate: business is a battle of attrition
what determines who lasts and who doesn’t? the hard stuff
nobody wanted covid lockdowns, but when they reopened there was far less competition
Tadej Pogacar – I want the steepest, hardest climbs becuase they’re the separator
when you ahve stafff quit – so do they
when your rent goes up – so does theirs
maybe not the same day, but over the 3-year span, everything that happens to you will happen to your competition
They might not survive it
You also don’t have to create hardship by attacking them or running them down. They have enough. eVen if they don’t show it, they’re facing the same stuff you are. and many won’t survive
also, you need the reps
you want to practice the hard stuff when the stakes are low
there are reasons things tget hard. one is they’re new. one is they’re personal. one is the stakes are high.
Break them apart. If the hardship you’re going through is because you’ve never faced that problem before, get a mentor. Don’t take advice from someone else who’s never done it before.
If it’s hard because it’s personal, get an objective perspective. don’t ask your mom or your bff or your husband. ask a mentor.
if it’s hard because the stakes are high, you might need a different kind of mentor to help with perspective, but you still need a mentor
After the trouble is over, you have two jobs:
one – never repeat it
two – learn what you can from it. You’ve heard the term ‘if I win, I win, if I lose, I learn’ – or some variation. But most people don’t actually learn becaues they don’t pick apart the elsson. They keep repeating the same mistakes. so here’s how you do an AAR
Connect with Chris Cooper:
Website – https://businessisgood.com/
If you want to join the conversation with other entrepreneurs, click here.