As we start a new year, everyone is looking forward to being a better version of themselves and on goal planning. What areas do you need to improve on? How do you intend to remain persistent in hitting your goal? Any goal properly set is halfway reached. You need to know where you are going before you get there and be persistent.

Goal Planning!

As we start a new year, everyone is looking forward to being a better version of themselves. What areas do you need to improve on? How do you intend to remain persistent in hitting your goal? Any goal properly set is halfway reached.

Goal Planning!

In this episode we focus on how we can keep ourselves accountable and where we plan to go in 2022. Besides, we look at quotes on goal planning, why we begin to fall off months after setting our goals, auditing our goals, finding a business, and how you can leverage on debtTune in for more!

Quotes on Goal planning

  • You do not rise to the level of your goals. You fall to the level of your systems. What systems do you want to have in place for your business to help? In any sort of business, if you do not have a process and you are not habitual in something that you do, daily or weekly, you will never hit those goals.
  • Setting goals is the first step in turning the invisible into the visible. Once you have your goals set, they take a shorter time to manifest, and if you have no goals, they will take long before they manifest.
  • A goal properly set is a goal halfway reached. You have to know the direction you are headed before you start getting there. So, before embarking on something, sit down and set your goals. Always plan on what you need to achieve first.
  • Persistence is more important than talent when it comes to achieving goals. You might get super-pumped when setting goals, then a month, two months, or a few months later, you start to fall off. The main reason we do not end up hitting our goals is that we stop. 

Auditing your goals

You’ve probably set goals at the beginning of the year, but a few months later, you have already lost track. How can you keep your goals in check? To keep them in check, you need to audit your goals’ progress regularly.

   “In order to hit those goals, you have to stay on a daily test, weekly, monthly,  and quarterly. You got to keep updating.”

Although auditing seems tough and time-consuming, it is worth it. At the end of it, you get a clear picture of where you are going, and it keeps you motivated.

Paying yourself and separating your personal expenses while in business

You have to separate your business expenses from your personal expenses in any business. You can do this by paying yourself. Set yourself on a paycheck and try to live within it. 

Besides, track your business expenses and use your business card to settle them.

Leveraging on debt

You can leverage debt and make more investments depending on your risk tolerance.

“It does no good having no debt if I’m planning on it making me more money.”

Besides, if you look at the super successful people financially, they leverage debt. It’s the only way to grow and build a positive cash flow.

Once you leverage on debt, ensure the liability becomes an asset at some point.

“If you want to buy a $300,000  house, you have to put a 20% down payment. You can rent it out for $2500 a month, but the mortgage payment is $1500 a month. You make $1000 a month, and you have people paying off the debt. The asset becomes a liability.”

Finding/Acquiring a business

So many baby boomers have been in business for the past 30 or 40 years, and they are checking out. It’s a golden opportunity since people will start their businesses, and some may be retiring. If you are looking to start a business, stick to the niche.

“For instance, if you purchase the biggest printing company. Find out their main supplier for ink and paper. Anything that you are purchasing through someone else grab them up.”

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Hope you enjoyed this weeks podcast on Goal Planning!

What comes to mind when you think of Emotional Intelligence(EI)? It involves understanding and managing your own emotions and those of the people around you. 

Emotional intelligence is essential for success. In this episode, we look at EI quotes, key components of EI, IQ versus EI, and the biggest determinant of a high EQ. Besides, is it better to be street or book smart, and why do successful people have high emotional intelligence? Tune in to find out more!

Emotional Intelligence

Emotional Intelligence What comes to mind when you think of Emotional Intelligence(EI)? It involves understanding and managing your own emotions and those of the people around you.  Emotional intelligence is essential for success. In this episode, we look at the key components of EI, IQ versus EI, and the biggest determinant of a high EQ.

Quotes on Emotional Intelligence

  • I can not offend you. Only you can offend yourself. This is how the brain works. I might be the catalyst, I say something, and you have thought about what I say, and that thought creates a feeling. If you’re training the culture of you can offend me, and I can offend you, then we are training them to be victims. You have no control over your emotions. Someone else on a screen controls how I feel. Suppose you believe that you have no chance of succeeding in life. Never allow someone to get into your emotions.
  • Between stimulus and response, there is a space, and in that space lies our freedom and power to choose our response. In our response lies growth and freedom. You can be emotionally triggered by what everyone says, but you have to control your response.
  • When dealing with people, remember you are not dealing with creatures of logic but with creatures of emotions. People are emotional beings. They might say or do things that make us sad in certain ways.

Five Core Pieces of Emotional Intelligence

  • Self-awareness-Emotional intelligence starts by deeply understanding your own emotions.
  • Self-regulation- Managing your emotions and keeping yourself in situations you know you will behave correctly.
  • Intrinsic Motivation- How do you manage your emotions and use them to achieve your goals?
  • Empathy- Once you control your emotions, you can understand other people’s emotions. What makes them sad or angry, their body language and tonal voice.
  • Social skills- Once you understand other people’s emotions, you can influence them and build strong relationships.

IQ Versus EQ

Intelligence Quotient(IQ) is a good protector of who will do good in school. At the same time, Emotional Intelligence (EQ) is a good protector of who will be more successful and happier in life. 

Emotional Intelligence!

Why are people with higher EQ more successful than people with higher IQ?

More self-aware leaders tend to be more vulnerable and have a good idea of the company’s culture. Besides, they understand their employees and can easily have conversations with them.

Understanding employees or people around you, making them the best version of themselves, and promoting them makes you a leader. Once you do things while interested in people, they trust you, and you start influencing them. However, this is not limited to professionals but also in personal life.

EQ is all about relationships with yourself and other people. If you look at the number one indicator of happiness in any area, money, family, it’s all about relationships.

 “ The strength of your relationship dictates the level of happiness and fulfillment you will achieve.”

Street Smart Versus Book Smart

Sometimes you get to meet successful and influential entrepreneurs who didn’t even go to school or didn’t do well. However, you wonder why they have a lot of influence, good relationships, and people like them. It’s not all about being book smart where you sit, learn and repeat it back but being street smart.

You need critical thinking skills, build relationships, and influence people. Understanding 

the bounds of both are the best thing.

Feedback

Feedback is the highest determinant of emotional intelligence. How often do you get feedback from your close circle?  When you work with clients, always ask for feedback.

“Where do you think I can improve to give more value? How can I get better?

Gaining feedback from your clients is the easiest way to learn how to get better.  Once you get their feedback, make an immediate change.

How do you avoid fake Feedback?

While getting feedback, we always want people to be real about our shortcomings. However, some may fear criticizing your work and giving genuine feedback.  You can avoid this by repositioning how you ask for feedback.

“The person who was in this role before, what are some of the things you liked they did. Then compare that to what you are doing.”

Vulnerability and Owning up

Sometimes you may find it hard to be vulnerable due to ego or imposter syndrome.  Always own up to your fuck up. If you have not delivered what you promised, accept that you have not done it and give your deadline. Once you become vulnerable, it builds up trust with your clients.

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How To Make a Lasting Change in Any Area Of Your Life

Let us know your thoughts on How To Make a Lasting Change in Any Area Of Your Life HERE!

“Your life does not get better by chance, it gets better by change.” You need to make a lasting change in all areas for a better life. Besides, true life is lived when tiny changes occur.

We are all looking for a change, but why is the change short-lived, and do we start quitting once we see a little bit of progress?  Tune in to listen as we discuss what inspires a lasting change, distress versus eustress, uncertainty and how you can turn your stress into a motivating factor.

How To Make a Lasting Change in Any Area Of Your Life

“Your life does not get better by chance, it gets better by change.” You need to make a lasting change in all areas for a better life.  We are all looking for a change, but why is the change short-lived, and do we start quitting once we see a little bit of progress?

Quotes on Change

  • Money does not change people, but it shows who they are. Once you have the resources, you tend to be the person whom you have always admired to become. Inadequate resources limit people to being themselves
  • 99% of people let other people’s opinions and beliefs keep them from being who they want. You might fear letting down people close to you. Like what will your sister, brother or mother think once you take a different direction?
  • If you want to change your life, raise your standards. What creates a lasting change is when your should’s become must’s. Once you know you have to do something and there is no alternative, that’s change. You might try for days or months, but eventually, you will get there.
  • Kicking a habit constitutes change, but the change need not occur in a dramatic manner. You will need to make a dramatic change in life, but it is not something you can do in just a day.

The changing Factor, Inspiration or desperation?

What drives change? Is it inspiration and desperation? Most people will often change out of desperation compared to inspiration. 

The actual change is out of desperation.

    “I got dumped, started working out. I got dumped again, and started working on self-development. I was fired, moved back with my mom, partied but later started my own company since I could not let my livelihood lie in their hands.”

Most people fail to change because they are comfortable. So, ask yourself what that one thing you need to do and start doing it.

Fear of Unknown

Have you ever asked yourself why some people keep rewatching the same show so many times, yet they already know the outcome? It’s all about certainty. People always want certainty and prefer to go back to the same pain because they are familiar with it.

Although the certain pain may be worse, you tend to go for it easily compared to the unknown. You might stay in financial distress or a bad relationship because you fear changing to the unknown.

Principles of Psychology

“By age 30, the character has set like plaster and it will never soften again.” As our lives become more consistent in adulthood, change is less likely to occur. As you get older, you become more comfortable, and change can only be influenced if an event or something more powerful happens.

Changing Others

We all know somebody capable of more. However, you might give them all the necessary resources for change, but they still won’t change. 

For instance, you can send someone to the best rehab, but they won’t change because they do not want to. 

It is all in the mindset, and if someone wants to change, they have to make it a priority.

  “ You can make others change but only through manipulation. The change is going to be temporary, not real.”

 Reasons for failure while making lasting change.

Good is the enemy of great. Once you start making little progress, you can be a bit comfortable, lose inspiration and not work towards the end goal.

 People do not make changes because they are overwhelmed. They tend to think they have to do everything at once. However, it is something you do daily and keeps adding to it.

Distress and Eustress

While distress refers to stress that negatively affects you, Eustress refers to positive stress that motivates and energizes you to make a change.

No one wakes up motivated. Motivation is bullshit, but action creates motivation. It is better to walk for five minutes than not walk at all.

Healthy stress is good since if you have zero stress, how will you get motivated?

How do you turn stress into a motivator?

The aim is never to avoid stress. Everyone has stress, but how do you turn the stress into a motivator?

  • Identify what you stress about.
  • What can you do about it?
  • What help do you need?
  • What was the last time you had such negative emotions, and what did you do about it?
  • Figure out how you can come up with the solution in 60 seconds if you don’t go back to the drawing board.

Having a purpose

Although it sounds cliché, you need to have a “why” for a lasting change. Why do you want to change? You will not be consistent unless you identify “why”, which is your motivation factor.

For a change, either you get comfortable where you are, find a why or just wait for enough desperation.

Let us know your thoughts on How To Make a Lasting Change in Any Area Of Your Life HERE!

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Profit First with Michael Michalowciz!

Profit First with Michael Michalowciz

Every entrepreneur starts their business aiming for financial or personal freedom. However, few entrepreneurs get to achieve this. The problem is not them but the logical models used in running the business. Changing these logical models into behavioral models like profit first can get your business to the next level. If you’re aiming towards changing your business culture, models, and strategies, this episode is for you.

Profit First with Michael Michalowciz

Michael Michalowciz is an entrepreneur, business maker on Amazon and a popular speaker on innovative entrepreneurial topics. He is also a former host of the “Business Rescue” segment for MSNBC’S  Your business and an American author. His business books include Get Different, Clockwork, The Toilet paper Entrepreneur, The Pumpkin Plan, Surge, Fix This Next and Profit First.

In this episode

[01:27] Mike’s view on the video format of his best selling print book

[03:44] Profit First book insights

[07:17] Causes of most business failures and advice to such businesses

[09:10] Learning the process and habits from his failures and success

[13:15] Turning point to being an entrepreneur

[15:00] Pushing employees to work towards their dream

[18:38] Business Culture

[22:45] Drawing the line with bad customers

[25:01] Best professional development book to read

In this episode of the Brofessional development podcast, we interview Michael Michalowciz is an entrepreneur, business maker on Amazon, and a popular speaker on innovative entrepreneurial topics. He is also a former host of the “Business Rescue” segment for MSNBC’S  Your business and an American author. His business books include Get Different, Clockwork, The Toilet Paper Entrepreneur, The Pumpkin Plan, Surge, Fix This Next, and Profit First.

About the book Profit First

Profit First is Mike’s best-selling book, audio, and video format. The book is inspired by some of his failures, successes, interviews with different entrepreneurs, and comments from his fellow entrepreneurs.

Mike explains the business owner’s two aims while getting into the business in this book. That is personal and financial freedom. In personal freedom, the entrepreneur is always looking for a way to do things on their own time, while in financial freedom, the business owner is looking for a way to get his bills paid. Unfortunately, this does not happen for most businesses, and entrepreneurs keep questioning what is wrong with them. However, the problem is not the individual but the foundation formula, Sales minus expenses equals revenue.

The foundation level formula is logical but not behavioral. You need to always put your profit first. That is, take  3-10% of your profit, hide the cash and operate the business on the remaining revenue.

      “ According to human  behaviour, once you put something last it is not important. For instance, I love my family, I put them last.”

Consider changing the formula to Sales minus profit equals expenses. Taking your profit first will permanent profitability in your business. 

Cause of business failure

Having failed in two of his previous businesses, Michalowciz learned a few processes and habits that could lead to business failure.

One of the major failures in any business is the lack of a good profit system. In every single transaction, there must be a profit. Profit is not an event like just one big transaction, but it is a habit. Once you learn to put a little more every day, the profit becomes sustainable.

Some business owners might think that more sales automatically means more profit for the business. It is never the case. Sales cause stress in an organization since your obligation increases. You will need more resources and workforce. Hence, you need to strike a balance by having a sound profit system.

The turning point from employment to entrepreneurship 

Like most college graduates, Mike anticipated getting a job immediately after graduating. When he didn’t get one, Mike went home to work in a local computer shop. 

However, Mike could not understand the logic of why someone would just sit around and make everything while he earns the sweat.  This was Michalowciz’s turning point. He texted his boss an FU** message while drunk and lost his job the following day.

Mike burns the bridges and with a young family in his early 20’s depending on him, there is no shortcut but being successful in business. 

Business Culture

Every small business needs to actively define its business culture by recording the rules and adhering to them. You could be best friends with your employees but you still need to get your work done.

A well-defined business culture helps you to draw the line with your employees. It is also a reference point when you are at a crossroads with your customers. If a client cannot adhere to the rules, you can get rid of them. A bad customer distracts you from serving good customers, and even though you might experience short-term financial loss, it might return tenfold. On the other hand, once you let your clients know they are crossing the line and ready to terminate your services, they might change to good customers.

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House Hack Your Way To Financial Freedom with Craig Curelop! One of the most common questions people ask is how to start investing in real estate with no money. In this episode, Craig Curelop joins us to give the perfect answer to the question: house hacking! Craig is a real estate agent and the author of The House Hacking Strategy book, in which he explained how you can become financially free through house hacking. 

Craig shares his story, from getting started with a $90k student loan debt and a negative $30k net worth, to becoming a master of house hacking. He dives deep into what you need to get started, best strategies, and available purchase options for house hacking.

House Hack Your Way To Financial Freedom with Craig Curelop

In this episode, we are joined by Craig Curelop, a real estate agent and investor based out of Denver, Colorado. Craig is also the author of The House Hacking Strategy book, which teaches the tricks that savvy investors have been using in the real estate industry to save thousands of dollars in monthly expenses as you build your financial independence.

In This Episode:

[00:49] Craig’s college life

[02:05] The house hacking idea

[07:43] How much do you need to get started?

[10:36] Why aren’t more people into house hacking?

[14:55] House hacking strategies

[19:55] The downside of sharing your space

[23:58] Property purchase options

[26:30] Airbnb rules

[28:16] Craig’s self-development journey

[31:52] Motivated by money or freedom and time?

[33:02] Money saving challenge

[37:59] Automating your work

[41:24] Best books to start your real estate or finance journey

[43:54] Craig’s daily routine

[48:00] Only fans inquiry

The House Hacking Idea

House hacking a strategy in the real estate industry where you purchase a property for a low percentage down, live in a section of it, and rent the other space out. The idea is to collect rent that exceeds your expenses from the tenants. If you do this, you have probably eliminated all your expenses and live for free!

House hacking options

Craig says there are several options depending on your preference and the type of property you have rented out:

  1. Comfort: After renting a house with a separate space like garage, you can live in the house and rent out the extra space. 
  2. Most profitable: You rent out the whole space and live in a van or a different space.
  3. Rent by the room: Live in one bedroom and rent out the other space. You can also buy many units, live in one, and rent out the rest.

Craig’s Advice to starters

Craig says you should find a single-family house and have a separate living space divided. Divide the remaining space into rooms that you could rent out. 

Airbnb rules

While sharing your space with people can be a profitable, sometimes the benefits come with the downsides, especially when these people are strangers. To avoid some issues, Airbnb formulated rules that protect you as a homeowner.

  • Even when you purchase a room for renting out, you must have the intent of living in the property for at least a year. However, there are some exceptions; if you get married, the neighborhood becomes unsafe, or you experience a life-changing event.
House Hack Your Way To Financial Freedom with Craig Curelop

“Airbnb doesn’t want you to risk your safety to meet their law requirements.”

You also have to change your mailing address to show you are living in the property, and also let your insurance know the business you’re into.

Tune in House Hack Your Way To Financial Freedom with Craig Curelop

Mentioned Resources

Books

Never Eat Alone by Keith Ferrazzi

The Compound Effect by Darren Hardy

The Four Hour Work Week by Tim Ferriss

The Book On Rental Property Investing by Brandon Turner

The Simple Path To Wealth by J.L Collins

Connect With Craig Curelop

LinkedIn https://www.linkedin.com/in/craig-curelop-a6457242/

Instagram https://www.instagram.com/thefiguy/

In this episode, we welcome our intern, Salil Valiaparampil.  Sal graduated from Saint Louis University with a degree in marketing. Sal is now a transport broker where he loads shipments and ensures that products arrive on time. You will learn more about him and his duties in the show. We also discuss Aaron Rodgers’ COVID-19 protocol violation and possible consequences.

Fun Episode: Welcoming Our New Intern, Bobby’s Encounter with Ghosts, And Latest from Aaron Rodgers COVID-19 Protocol Violations

In this episode, we welcome Sal, our first intern, to the show. Sal attended Saint Louis University and graduated with a marketing degree. He now works as a transportation broker, where he loads shipments to ensure products are delivered in time.

Timestamps

[13:04] About Salil

[17:10] Salil’s job outline in the show

[20:02] How Bobby met Salil

[23:50] Salil responds to “who’s your favorite” questions

[26:21] Why Salil listens to Brofessional Development podcast

[31:40] Other favorite podcasts

[31:58] The who story about Aaron Rodgers COVID-19 protocol violations

[42:35] Salil’s favorite book

[43:37] Bobby’s encounter with ghosts

[48:30] The ‘elevator’ speech.

How We Met Sal

After meeting the first time, Sal was able to remember Mat the second time they met in a volleyball session. They later met again in April where he was the ‘ultimate hype man’ at a volleyball competition in Florida.

Sal responding to “ who’s your favorite” questions

  • Best looking: Brad

“My wife did say yesterday that I’m at my prime right now.” – Brad Loyet.

          Skillset Vs. Mindset

We have an Intern

Why Sal Listens to the Brofessional Development Podcast

Sal is a friend to the hosts of the show and also loves listening to guests sharing their stories on how they became successful. 

“Everyone has their own story. Everyone knows how they became successful. To hear all that is pretty cool.”

He says he wants to grow and get better by listening to the experiences of the hosts and guests. He also wants to cut on drinking and going out.

Aaron Rodgers COVID-19 Protocol Violations

Aaron Rodgers and Green Bay Packers were fined by the NFL for violating COVID-19 protocols.

Rodgers was given a $14,650 fine and the Packers were handed a $300,000 fine, NFL Vice President for Communications Brian McCarthy stated. Wide receiver Allen Lazard was also fined $14,650 because he violated protocol.

The NFL did a review of Rodgers’ and Packers’ protocols after the quarterback tested positive last week for COVID. It was discovered that Rodgers hadn’t been vaccinated as he had previously publicly stated.

Tune in to the episode to listen to these and more chats on trending topics.

Please help us by liking, sharing, and subscribing to our podcast if you enjoy this content. 

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When someone says they are a “jack of all trades,” they imply they are not skillful in any specialty area but have enough knowledge to perform a task in that area. In simple words, they prefer multiple skills, not being a master of one, even if it means only knowing the basics.

Jack Of All Trades, Master of None

Jack Of All Trades, Master of None In today’s episode, Brofessional Development podcast hosts share their thoughts on the topic, Jack of all trades, master of none. What are the advantages and disadvantages of being a Jack of all trades?

There will always be a debate whether being a jack of all trades is better than being a master of one.

In today’s episode, we share our views on this topic, circumstances when it’s important to become a jack of all trades, and when a master of one outdo it.

In This Episode:

[02:04] What’s going on

[06:16] Zillow’s home flipping disaster

[09:50] Rental Arbitrage

[13:18] Leveraging debt

[15:32] Quotes about today’s topic

[19:06] Why it’s good to be Jack of all trades

[21:10] Disadvantages of being Jack of all trades

[27:08] Circumstances to becoming the jack of all trades or master of one

[30:30] Adapt or lose your jobs to robots

[32:29] Jack of all trades the better player

[37:03] Creating multiple streams of income

Jack Of All Trades, Master of None
Jack of All Trades, Master of None1

Quotes around the saying

A jack of all trades is a master of none. But often better than a master of one.

I’m not a Jack of all trades. I’m a master of many. I don’t feel there’s anything I can’t do if I want to.

Conditions are never perfect. Someday is a disease that will take your dreams to the grave with you. Pro and cons are just as bad. If it’s important to you and you want to do it, “eventually just do it in the correct course along the way.”

When Jack of all trades beat Master of one

If you have only mastered one skill set and are not searching for other things to get good at, it becomes risky when your only skill gets less valuable. This is why it’s good to be a jack of all trades.

For instance, it’s tough to make a career shift when you get down in your career in the corporate world if you’ve only been doing one thing. Often, the only solution when this happens, and you’re a master of one, is to take a pay cut and start from the bottom again.

When Master of one beat Jack of all trades

As a master of one, your value is much higher when people are looking for a specialist with a specific skill set.

When you’re developing your business, you have to be a jack of all trades because you don’t have the capital or ability to employ specialist(s). Many successful business owners are jack of all trades.

The verdict: Jack of all trades is the better player

When you’re a startup, you have to know the ins and outs of your business to be successful. This means you have to be a jack of all trades to multitask.

However, our brains are designed not to multitask. That’s where you have to be extra careful.

If you try to shift your focus too often, it becomes detrimental. You can end up hurting all your businesses.

So, if you’re going to dedicate time to doing something, be 100% present.

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Managing Your Businesses: Interview with Emily Frisella!

While most people are thinking of starting their own businesses and growing them to success, you will be surprised to see how many businesses fail every day. Having a great business idea can be easy for many. But starting something from scratch, scaling it, and making your investments earn high returns can be very tough. It’s even more challenging than before with the COVID-19 pandemic that has affected several sectors of businesses, including the supply chain and how employees work. So, how do you manage your business in such situations and ensure it’s growing? 

We interviewed our first ever recurring guest on our podcast, Emily Frisella, who shared some tips and insights on managing her businesses despite the challenges. 

Emily is the founder of the Paper and Plan Co., an author for the best-selling cookbook, co-host of the Curious Me Podcast, and the Women In Business Workshop founder. Emily was our guest in Episode 12, where she talked about women in business and how to overcome the mentality that females cannot be successful. 

In This Episode

[02:51] What’s been going on

[04:01] How Emily is handling the troubled supply chain

[07:21] The greatest resignation

[10:15] How Emily built her company culture

[14:13] Women In Business Workshop

[17:33] Structuring your workshop to fit different people at different growth levels

[24:04] Setting an effective routine

[27:45] Adding the three critical tasks 

[21:29] Staying disciplined in business

[31:30] Writing and tracking your goals

[33:00] Figuring out what to delegate

[41:33] Controlling your emotions to perform at your best

[43:30] Only fans inquiry: Start/not start a business during inflation?

[47:24] Why you should start your own business

How Emily Frisella Is Handling The Supply Chain Issue

With the supply chain disrupted due to COVID-19, several businesses have difficulty getting the crucial products they need for their production. With sales going up towards Christmas and the new year, Emily says the supply chain is essential for any business that wants to profit. 

With her Paper and Plan Co. business being one of the most affected, she had to adjust and have a strategy to ensure she didn’t run short of papers for planners. She is now dealing with the situation by ordering x amounts each month. However, she says that the main problem is that you don’t get the best discount for bulk orders since there’s a cap for every order.

“It (supply chain) is quite a big issue, and people are seeing it from all effects, and it’s a trickle-down. So, if you haven’t felt it now, you will end up feeling it as a business owner.”

Emily says at some point, businesses will have to adjust their pricing to cover for the inflation. However, it will be hard to convince customers to pay more for the same product due to the situation. For this reason, she has sacrificed to take a cut of her paycheck in 2023 as her easiest fix. But she is also doing this with her Paper and Plan Co. because she knows she has other businesses that will sustain her.

“If it were my only business, I would maybe have to rethink that, but I do have other streams of income. So, it’s not a big deal to me.”

Emily’s Company Culture

Emily adopted all the nine values that she has always had in all her companies.  The co-values are posted on the office walls. Workers have books to read and develop themselves and instill the values in them. 

She has bought books like the Automatic Habits and Leadershift for her workers and changes them every 60 weeks.

“Everybody here wants to win. Anybody with my company or has an affiliation with any of the businesses that I have, that’s what they want. We all want the same thing.”

How She structured her Women In Business Workshop

After starting her women in Business Workshop, she has capped the maximum number of attendees to 75. She says this helps make people build personal connections with each other.

“I don’t want to have 300 people there, and they can’t make those one-on-one connections.”

With just 75 individuals, you can make people have a meaningful conversation with everyone in a three-day workshop. More questions also get answered when speakers speak, and more people are heard. 

“I think that a lot of people are most exhausted by these massive 2k events. You just go, and you sit, and you hear somebody talking, and that’s it.”

Structuring a workshop to fit different people

Workshops and events usually have different people; starters, experienced entrepreneurs. It’s always challenging to find common ground for the two extremes to discuss and benefit from each other. However, Emily has some tips on how to blend the two. 

She says, for her workshop, the women starting can look at the women that are further down the journey and draw inspiration from them. Similarly, those further down their journey use the opportunity to remind themselves of the little things that got them there. Most people forget how they got to where they are.

She also gives out questionnaires to help her group them based on their skills, strengths and weaknesses. She then encourages the women that have the strength and weaknesses of others to help each other and vice versa. People immediately have a connection with those who have strength in areas they don’t. 

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Managing Your Businesses: Interview with Emily Frisella

In this episode, we are joined by Brofessional Development’s first-ever repeat guest on the show, Emily Frisella. She is a multi-passionate entrepreneur who got into the industry at 20 and has never looked back. Emily is the founder of the Paper and Plan Co., an author for the best-selling cookbook, co-host of the Curious Me Podcast, and the founder of the Women In Business Workshop.

Managing Your Businesses: Interview with Emily Frisella!
Managing Your Businesses: Interview with Emily Frisella

Usually, when starting a business, as the owner, you can essentially do what you want to do when you want to. You don’t have a packed schedule, yet you still work all the time to ensure your business is growing. When you want to take a day off, you close early and have a nice day off! This is how many people operate, without much discipline. But when your business picks up, you find yourself hiring employees to help with running it as it generates more revenues. But you now need to effectively manage and operate your business, unlike before when you were just getting started. To make it easy to effectively run the business, building systems that make success more automatic for you can really be important. 

Building Systems That Make Success More Automatic

Building Systems That Make Success More Automatic In today’s episode, we’re joined by the world’s most disciplined man and an author of three books, Craig Ballantyne. Craig is also the owner of earlytorise.com, where he works as a coach for thousands of entrepreneurs in over 45 countries.

In today’s episode, we talk to Craig Ballantyne, who is the co-owner of the EarlytoRise.com website, where he works as a coach for thousands of entrepreneurs in over 45 countries across the globe. Craig is also the author of The Perfect Day Formula, which will teach you how to own your day and control your life to become even more disciplined and effective on whatever thing that you do. 

He has a Master’s of Science in Exercise Physiology from McMaster University in Hamilton, Ontario, Canada, and spent over 21 years in the fitness industry where he helped clients get faster results with his Turbulence Training Program. Craig has also written articles that have been featured in the Men’s Health Magazine. He has also created a series of coaching programs for top performers, entrepreneurs, and executives. Currently, Craig has fully specialized in productivity, self-improvement, personal development, self-discipline, leadership, speaking, and writing. 

In This Episode

Born lazy and an introvert, Craig suffered from crippling anxiety attacks. However, he’s now built systems that have allowed him to build multiple 7-figure businesses, stress-free. He shares about how you can be more productive with your day, become more time-efficient, and grow your business to the next level without putting too much stress and pressure on yourself.

Building Systems That Make Success More Automatic

Key Highlights in This Episode:

[04:02] From “lazy’ to the world’s most disciplined man

[09:44] Being efficient with your time

[14:21] The four-quadrant metrics in our gene

[16:38] Questions to help you make an extra 10 hours/week

[20:33] The magic time and the science behind it

[24:15] How early should you wake up?

[25:25] How much sleep do you get?

[27:45] Breaking away from suffering in silence

[31:49] Separating your emotions from the job

[35:20] Only fans inquiry: Finding a mentor

“It all comes down to building systems that make success more automatic for you. That’s what allows you to be disciplined in the eyes of other people and get great results”

Being Efficient with Your Time

If someone has any ambition at all, the reason they are not successful is that they have not built systems that protect them from roadside bombs. 

The first important system that you have to work on is becoming efficient with your time. Most people spend too much of their time on the least productive things and end up wasting a lot of their time. 

Any successful entrepreneur will tell you that time is the most valuable resource for them because it’s the only one that never gets back. The good thing is that we all have time, equally. What brings the difference is how we manage it.

Questions To Help You Make Extra 10 Hours A Week

Craig lists these questions as key in helping you create more time if you find yourself held up throughout the week, yet you need to be more productive:

  • What do you hate doing in your business? You have the answer in your mind. Whatever, you hate doing, always avoid creating time for it during your magic time (the time of the day you’re more productive, creative, and energetic). Avoiding doing it can help you be more productive by saving yourself a couple of hours and mental energy. You should then do what you hate doing when you’re done with other things and wouldn’t mind spending a lot of time doing it.
  • What should you stop doing, that nobody else should do? This includes spending time on unproductive and distracting activities such as social media, drinking too much beer or wine. This helps you wake up feeling stronger and ready for the next day, therefore becoming more productive.

Tips to effectively manage your time

  • Stop multitasking. Brain jumping between tasks makes it extremely exhausting and makes you less productive.
  • Set deadlines for every task that you do. Otherwise, you may spend too much time on something, costing you a lot of energy than what’s needed to finish it.
  • Prioritize tasks. 
  • Get rid of the things that often distract you while working. A good example is switching off your phone when working.
  • Work when you’re most productive. It’s not always easy to be fully focused and productive all the time. Figure out your magic time and give it your best.

“You make time for things that matter. You don’t find time for the things that matter.”

Sleep & Waking Up

Craig says that the time you wake up is not so important. What is so important is what you do when you’re up. Since most people go to bed late in the night, there’s no need to wake up early in the morning if it’s not right for you. 

On how much sleep you should get, he says not every day has to be the same. You can go to bed at different times during the week, and it won’t affect your effectiveness. 

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Skillset Vs Mindset

If you haven’t been told already, then probably you have heard that the most successful people are known to have either a great skill set or the right mindset that keeps them going. Others have a combination of both. But, is there a better option than the other? To sum up, you will need the right mindset to build the skill sets that will give you the growth that you want. In Episode 55 of the Brofessional Development Podcast, we shared about building a skillset and developing a growth mindset. Here’s a summary of the episode, or listen to the Full Episode HERE.

Skillset Vs Mindset

“Greatness isn’t born. It’s grown.” You need passion and the right mindset to build a range of skills that will help you achieve greatness. In today’s episode, we talk about skillset vs. Mindset. The two types of mindsets that people have, and why having a growth mindset is better than having a fixed mindset.

Defining Skillset Vs Mindset

Skillset

According to dictionary.com, A skillset is someone’s combination of skills that they have developed, especially to enable them effectively do something in their roles.

Mindset

In simple terms, mindset means your established attitude and beliefs. 

There are two types of mindsets.

  • Fixed mindset: People with a fixed mindset tend to be contended with what works for them. Once they have found a way that suits them, for instance where they can earn, they put all their effort there to maximize their revenue.
  • Growth Mindset: Often, people with a growth mindset tend to be more successful. Even after finding a gem in what works for them, they still push themselves and are always learning and figuring out how things can work out quicker on their behalf while still looking for more opportunities.

What Do You Need? Skillset or Mindset?

Anybody can learn any skillset in the world. And by working on your skillsets, you can be sure of doing something once again even if you lose everything now. Since you have the skill and understand what the process takes, you will do it over and over again. 

However, you can have all the skillsets in the world, but without the right mindset, you’re never going to be a little bit better. 

The good news is that skillsets build the right mindset. You cannot build a skillset without getting knocked down a few times. And by getting knocked down over and over again when learning, you develop the growth mindset that will keep you going. 

Similarly, with the right mindset, you can be able to grow your skills because without a proper skillset, you will not be competitive in what you’re doing. That’s why you need both all the time as an entrepreneur. 

How to grow your skillset

Now that you know that you can learn any skillset, here are some ways to help you get started.

  • Be Curious: Some successful people will tell you that curiosity is the main thing that drives entrepreneurs. They are often asking questions and wanting to learn more. Entrepreneurs don’t waste their time on what they already know. Instead, they are always in search of new challenges and opportunities.
  • Be a leader: Don’t just follow. Take leadership positions, take responsibility, and initiate. This will help you grow your leadership skills.
  • Find role models or get a mentor: With the right inspiration around you. You will understand how far you need to go to get to your goals.
  • Set goals: By having goals, you can tell what’s needed to be done in order to accomplish them. Milestone by milestone, you will surely develop different skills along the way.

How to build a growth mindset

A growth mindset is the second thing you need to become successful. Here are some ways to build it.

  • Focus on the effort: Along the way, you will often face disruptions to reach your goals. Did you know that praising your efforts rather than your abilities can be more positive and keep pushing you? 
  • Ask questions: When you have a growth mindset, it’s almost instinct that you will ask questions and find answers. Whenever you fail, instead of telling yourself to just try harder next time, ask yourself what you could do differently and what worked and what did not. 

Persistence: Failing is nothing negative. It’s part of learning. Anytime you fail, learn to get back and try again. However, you will need to be cautious and understand when to step back and strategize before trying again.

Skillset VS Mindset

“Greatness isn’t born. It’s grown.” You need passion and the right mindset to build a range of skills that will help you achieve greatness. In today’s episode, we talk about skillset vs. Mindset. The two types of mindsets that people have, and why having a growth mindset is better than having a fixed mindset. We are all born with a growth mindset but when do we change to having a fixed mindset? Tune in to find out more!

Mindset Episode:

[00:21] Greiner wins Country club Golf Championship

[08:00] Mindset vs. skillset quotes

[10:28] Mindset definition

[11:11] Skillset definition

[14:31] Tiger Woods growth mindset

[15:20] Identifying people with the growth mindset

[16:07] Why you need to have passion

[17:38] Kids’ growth mindset

[20:00] Self-employment vs. being employed

[21:35] Surrounding yourself with people with the right Mindset

[27:50] The advantage of entrepreneurship

[29:00] Achieving growth.

Powerful Quotes

  • Tough times never last but tough people do – Dr. Robert H. Schuller
  • The first million is hard, the second is inevitable. If you’ve done something once, you have the skillset to do it again.
  • You can’t build a skillset without getting kicked in the nuts a few times.
  • You can have the greatest skill in the world. But if you do not have that mindset, hidden in there, you’re never going to be a little bit better. 
  • One of the things you have to have to be the best in the world in what you do is passion. If you don’t have passion for what you’re doing, then you’re going to give up as soon as you get to a challenge.
  • The people that want that shit go out and get it. They have that growth mindset.

Resources

Books

The Talent Code by Daniel Coyle

Rich Dad Poor Dad by Robert Kiyosaki

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