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Episode 115 of 133

[FF] Author Gino Wickman on What it Takes to Be an Entrepreneur: The ROI Online Podcast Ep. 115

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The ROI Online Podcast
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Duration: 38:15
Is it worth it to have your own business? Do you have what it takes to be an entrepreneur? On this Feature Friday episode of the ROI Online Podcast, Steve talks with entrepreneur and author Gino Wickman about what it takes to be an entrepreneur, how to find your true passion, and what the benefits a
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Is it worth it to have your own business? Do you have what it takes to be an entrepreneur? On this Feature Friday episode of the ROI Online Podcast, Steve talks with entrepreneur and author Gino Wickman about what it takes to be an entrepreneur, how to find your true passion, and what the benefits are of owning your business.Gino has been an entrepreneur since the age of 21. He’s always had an obsession for learning what makes businesses and entrepreneurs thrive. Gino is the founder of EOS Worldwide, an organization that helps thousands of businesses implement EOS(R), the Entrepreneurial Operating System. There are more than 100,000 companies using the EOS tools worldwide. Now, Gino devotes his time and energy toward helping entrepreneurs-in-the-making take their own entrepreneurial leap.It’s totally normal to have second thoughts about leaving your monthly salary and starting a business of your own. There’s a lot at risk involved, but it is also very rewarding. And in these uncertain times, who better than to trust but yourself to create something incredible?Among other things, Gino and Steve discussed:The essential characteristics of an entrepreneurWhether entrepreneurs are born or madeStrengths and weaknesses of an entrepreneurThe benefits of an entrepreneurHow you can find your passion Whether or not entrepreneurs need a strategyThe main reasons entrepreneurs experience daily stressHow to stay positive as an entrepreneurYou can learn more about Gino here:Follow Gino on LinkedInVisit https://e-leap.com/ to Take the Free Entrepreneur-in-the-Making Assessment!Visit and Subscribe to the Entrepreneurial Leap YouTube ChannelRead the books mentioned in this podcast:The Golden Toilet by Steve BrownEntrepreneurial Leap by Gino WickmanThinking of starting your own podcast? Buzzsprout’s secure and reliable posting allows you to publish podcasts online. Buzzsprout also includes full iTunes support, HTML5 players, show statistics, and WordPress plugins. Get started using this link to receive a $20 Amazon gift card and to help support our show!Support the show (https://cash.app/$stevemfbrown)
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So how do I stay positive? As an entrepreneur, you have a great chapter that talks about that. So and what I talk about is it's about how to stay motivated, educated, keep learning. And so there are hundreds of ways to do it. And what I offer in the book are all the different ways to do it, because we all have our own formula. And so, for some, it's watching YouTube videos. There is now there are, you know, there's what, a million hours of motivational material. There's a million hours of educational materials for entrepreneurs about building businesses. And so if that's your thing watching videos, that's a great way for you to stay educated, stay motivated reading books. I give a list of my recommended reading. It's also on the website, Uh, so you can look at that for free on the website e dash leap dot com but reading books. So I've always been a book reader. What? I'm amazed that when I look back at my last 30 years and the hundreds and hundreds of books that I read, how they've shaped my thinking, my my philosophies, they keep me motivated. They give me ideas, just like you read my book and you had an a ha moment. You're reading this book about a completely different topic and you got an a ha moment. Well, that's what happens. And so I do it through Reading mentors can help keep you motivated. Masterminds can keep you motivated, taking classes. So again, there's so many different ways listening to motivational speakers. You just have to decide your formula for staying motivated and then the other thing, too, in my twenties. Back then, it was cassette tapes to a to date myself. But you know, it's like Earl Nightingale's The Strangest Secret, Okay, and Les Brown's You deserve. I listen to those two cassette tapes hundreds of times, and you can listen to them now for free on YouTube. So I strongly urge every listener to go listen to Earl Nightingale is the strangest secret. Earl Nightingale is the godfather of motivation. He's the original motivator, and that tape the strangest secret, which is now that content is being re taught and reproduce many different ways. That's the original source material other than like the Bible or something. But it is so powerful about how we become what we think about, and so there's just so much information out there, you just gotta go out and access it.
we talk about the strengths of entrepreneur, but there's also these weaknesses. Let's talk a little bit. About what? What are those? That it seems sexy, that I'm an entrepreneur. But there's a flip side of that that there's a lot of baggage that comes with that. Yeah, and and so with that, you know, we're glamorizing all of these wonderful traits, but every one of these trades has an equal downside, and I do a riff in the book, and I share all of these downsides, so they're probably 20 of them. But I'm gonna give you some high level ones because, as already mentioned, you know, a true entrepreneur almost always has a d d or a D h d. And I believe it's a gift. But it is challenging because you're always so distracted. Um, a lot of them have O. C. D. A lot of them have dyslexia. And with this challenge, though, with this driven trait, you're sometimes very dominant. You're off putting to people around you. You're intimidating to people around you because you're so freaking intense and people just want you to like back off, slow down, calm down. And so that comes off as as as off putting a true entrepreneur. Ironically, people are surprised by this, but they're actually not great at finances and bookkeeping and the P N. L. I still can't read A P and L in a financial statement. I've been doing this for 30 years. They're great at making money. That's not what we're talking about. It's the keeping the money that they are challenged with. And, as I mentioned earlier, all entrepreneur, not all. Most entrepreneurs die broke because it's a it's a weakness and I could keep going, but those are some of the high level ones.
So, Gina, why do you say that entrepreneurs are born, not made well again, it goes back to these six essential traits. I believe you are born with these traits. You know, it's in your makeup. It's in your genes. And so we could go through each one and it would take us 30 minutes to go deep into each one, just like I explained responsible. But when you think about the visionary trait as an example again, we can pick any one of the people that our visionary have this incredible ability to connect the dots. They put things together. They just see things in a way that others don't. They're literally able to see around corners. And then there's some people that just don't and it's okay, and you're never going to learn that. It's it's It is truly a gift that you are born with. And so that's just another example. And I could keep going with all six, but you just you know, my experience is you don't learn these things
What are the essential characteristics of an entrepreneur? It seems like it be obvious I'm a risk taker, but there's there's several more. Yeah, so I actually called them essential traits, but characteristics, traits Potato, potato. I actually do a riff in one of the chapters in the book about all of the characteristics. I believe there's 20 or 30 characteristics, but there are six essential traits. And like I said, I believe you're born with these. I don't believe they can be taught and listen. I hope I'm wrong. Hopefully, they can be taught because then we'll have even more entrepreneurs. But let's pretend I'm right and that you're born with them. I'm going to share them with you right now. And what I love for your listener to do is to just do a checkup on themselves. Do they have all six of these things? And so these are the six essential traits. They are visionary, passionate, problem solver, driven, risk taker and responsible. And so those are the six
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