Today's guest is Chuck Blakeman. Chuck's first book, Making Money Is Killing Your Business, was rated the best business book of the year by the National Federation of Independent Business. Chuck is a successful entrepreneur and world-renowned business advisor. He has built ten businesses in seven industries across four continents. Chuck's message is simple, you can't buy back time, and so are you using your time efficiently?
Key Takeaways:
[1:25] Time vs. Money!
[2:50] Is making money really killing your business?
[3:25] Why is making money a bad reason to be in business?
[4:25] What's your 'big why'? What are your life-time goals?
[5:05] Money is just a resource.
[5:40] Making money is actually running away from something. It's a survival mechanism.
[6:00] Find something you can run toward.
[7:30] What are the stages of business? There are seven.
[8:45] Chuck shares a client story.
[11:50] Money is easier to make than time.
[12:15] Figure out how to make more money in less time.
[14:15] Why is retirement a bad idea?
[16:10] If you don't have a purpose, you're likely to die sooner.
[16:35] The joy is in the pursuit, not in the acquisition.
[18:40] Chuck shares another interesting story about purchasing a Lamborghini.
[20:05] The least asked question in business is - “Why?”
[22:20] What's the number one indicator of success?
[24:30] Take action and measure your progress.
[25:00] Learning vs. education – What's the difference?
[27:10] How can I apply this information in my business?
[28:10] “Whether you think you can, or think you can't -- you’re right.” - Henry Ford
[30:15] Ask yourself these two important questions to literally create a complete mental mind shift.
[33:35] Why are employees always a bad idea?
[37:30] Check out both of Chunk's books and his website.
[38:40] Challenge of the week: Determine your next action strategy and take action this week.
Mentioned in This Episode: