Group 4 Created with Sketch.
Snippet of Smart Passive Income Podcast: How To Get Super High-Profile Guests, W/ Jordan Harbinger
Playlists that Snippet of Smart Passive Income Podcast: How To Get Super High-Profile Guests, W/ Jordan Harbinger appears on.
Up Next
Full Description
Back to Top
Snippet of Smart Passive Income Podcast: How To Get Super High-Profile Guests, W/ Jordan Harbinger
Transcripts
Back to Top
It's been about two years now since I've been off on my own and after the first year my wife, Jen, she goes, Let's take inventory of the past year and I was a little nervous and I actually procrastinated doing that. I said, Let's do it this weekend because I thought I was gonna be bummed out and demotivated and I didn't want to do that like on a Monday. So we waited until Saturday and we did it. And it turns out that our first year had been more profitable than the other company had ever been in a year, and that is kind of incredible. And we had still we built like something like almost 2 80% of the record revenue from the previous company, but much, much more profitable, something like twice to three times the record profitability of the past company. So in other words, we were making almost the same amount of money with a fraction of the team and overhead. Ah, fraction of the team, fraction of the output, you could say. But we had been profitable, something like 304 100% more than the previous company. So not only did we have the same size, almost of impact, but we were able to enjoy more of it. And so I ended up giving bonuses to everybody on my team and they were, which that never happened. And it was kind of cool toe have because I'd sort of envisioned in the beginning. And I think this is the same with any major setback. I had sort of envisioned being kind of in the trenches in feeling kind of screwed. To be honest for the next 345 years, I thought what it would take to recover would be at least that long. And it turned out to be like eight months. When you go back and look at the data till where we were able to do it and looking at that first year where I thought, Oh, we're never gonna be able to do this and all these plans were scrapped. We took almost no lifestyle hit. Now I had an emotional lifestyle hit, which I could explain as being freaked out and sleeping poorly for a few months and working really, really, really hard. But you probably know this when you're doing something you really enjoy saying you're working hard has a different meaning than going in stamping machine metal parts or something that you don't like for eight hours a day. I worked really hard now because I really enjoy it. My wife will have to be like, Hey, why don't we go out to dinner tonight? Cancel that thing. You totally don't have to do and I'll be like, Okay, that's different because I really enjoy it. So I found that not only were we able to rebuild so much faster, but I'm enjoying everything that I do much mawr, and not that the worrying was for nothing. But I can say, as is usually the case with worry, it was really out. It was out outsized. The amount of worry I did was outsized compared Thio what I thought I was gonna have to do. And if I had to do it all over again, you know the separation and everything. I think I would have tried to be much more positive and excited about the future, and I know that's what everyone says you're supposed to do. But it's kind of hard when you have no income for the first couple of months. You know that. That's tricky, right? So the setback was definitely, uh, one of those examples of a blessing in disguise. And it's like you said in that moment, you don't really realize that. And the same thing happened happened for me when I got laid off in in 08 And you know, you hear this story quite often that sometimes it takes these major setbacks to put you on a new trajectory and go beyond and even further. What do you attribute to the higher profits to the better on this side versus what you thought you're letting go was you know, what you needed at the time. So what attributed Thio Sort of the trajectory and the better success that you had than before you got like, Oh, yeah. So what's interesting about this from a business perspective was I'd always been trying to leave my old company for for years. But my business partners were like, You can't you have a non compete? We're gonna enforce it, but ironically, by dealing in bad faith and then and then being like, we're gonna kick this guy out even though we're in the middle of negotiation, that according to my attorney. And well, according to the judge, nullified the non compete, so there was nothing to enforce. So basically, had everything worked out, I would have had a really hard time starting a business which is so ironic, right? Like had everything worked out perfectly, I would have been kind of screwed. But since everything went to heck in a handbasket, I was able thio like pick up the pieces and start right away with something that I would have had a multi year delay doing. So Ah, couple of my friends especially I think, you know, like Cam Harold and guys like that who are in business. And I called another buddy who was the CEO of 1 800 got junk, and he's like, I know that you don't believe me, but I will tell you this, and I think you told me the same thing. This is probably a blessing in disguise. There's almost no way that it's not. And of course, when people tell you that you just kind of wanna be like, but you don't understand, you know, because you're in the middle of this emotional storm. But all of you were right, like, and you knew that then and now I know it. But you were right. It's yes, it's a blessing in disguise, and it's not. I want to be clear a lot of times when people say it's a blessing in disguise. You do these rationalizations where you're like, Well, I didn't like living in Sunny California anyway, and I'm glad I moved back Thio this really cold place because I'm closer to my family and, like sometimes those things are, of course, true. But a lot of it turns out to be like a rationalization doesn't mean you're not happy or happier. It's just a rationalization like Oh, good, I It's a blessing in disguise. I'm working harder and making less, but I live with you know, I live closer to my aunt, uncle or I live in my parents basement, and that's always nice. That's not my situation. It's a blessing in disguise, and everything worked out much better than I could have imagined. But I also realized a light was shined on a lot of things that I wasn't paying attention to, in part because I was powerless to change a lot of those things. You know, I thought, Well, I'm working with people and there's differences and personalities, But that's just how it is working with business partners, which is largely true. It's just that when some people say they have different personality issues with their business partners, they just mean that they don't always agree on everything. They don't mean that every day is a pitched battle, which is kind of like what we were dealing with. So the blessing in disguise was, Not only are we making more money, not only are we happier in the day to day, but also my team is more productive. And when I asked them, I wouldn't say survey than formerly. But when I asked them why they thought they were getting more done unanimously, everyone said, Oh, well, we're just happier now because we're not dealing with this and you guys aren't in a clash about that and we feel like we could ask for time off and there were all these problems that I didn't even see in part because I was had my head in my own problems, but also because they were kind of invisible. So I have my team asking for time off and going on trips now and they're saying things like, Yeah, I've been trying to do this for three years, but I never had the guts to ask you for time off because I thought that we were hanging on by a thread and I didn't want to get laid off. And I'm like, Well, that wouldn't have happened. And I'm like, Yeah, but it kind of felt like it would. And now they're going. We're in great situation. So I'm just gonna go ahead and take my wife on a honeymoon, even though we've been married for 10 years, you know, because I never did it. And I'm like, That's that is a benefit to everyone in the organization because they come back refreshed in thinking this is a company I really wanna work
Up Next
Add to playlist
New playlist

Embed

COPY
Embed Options
Create Playlist
Select the Station you want to upload this audio to
Station
0 / 140
0 / 2000
Playlist Icon Image:
(.jpg, .png, min size 500x500px)
Privacy
Subscribers
Your
voice
matters.
Discover & Listen to the world’s largest free collection of audio
Password reset

Enter your email address that you used to register. We'll send you an email with your username and a link to reset your password.



If you still need help, contact Vurbl Support
Password reset sent

You have been sent instructions on resetting you password to the email associated with your account. Please check your email and signing in again.


Back to Sign In
If you still need help, contact Vurbl Support
Your
voice
matters.
Discover & Listen to the world’s largest free collection of audio
Reset password

Please enter your new password below.



If you still need help, contact Vurbl Support
Your voice matters.
Discover & Listen to the world’s largest free collection of audio
Verify Email

Enter your email address that you used to register. We'll send you an email with a link to verify your email.



Cancel
Delete Profile
Are you sure? We will miss you :'(
Delete
Delete Audio
Are you sure?
Delete
Delete Playlist
Are you sure you want to delete this playlist?
Delete
Notifications
You must be signed in to view
your notifications. Please sign in
Edit Snippet
0 / 140
0 / 140

Tag a Station

Type station name to add additional tags
*Station owners will be notified when you tag them
Open this link in the Vurbl Mobile App for the full Vurbl experience.
Open in Vurbl mobile app
Continue to Vurbl website