12 Things We Learned Interviewing Scotty Schindler - Australian Entrepreneur, Business Coach, Speaker, Author and Pro Surfer Watch E8 Here
Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit crude, you're reading our notes, so. yeah. -Ron
Concept 1: Set Your Own Agenda
Scotty's story also highlights the importance of setting your own agenda. In business, you have to make your own season and create your own agenda. This means taking risks, setting goals, and pushing yourself to achieve them. It can be difficult to switch from following someone else's agenda to setting your own, but it is essential if you want to make progress and reach success.
It's important to remember that setting your own agenda doesn't mean you have to do everything on your own. Having a strong support system of family, friends, and mentors can be invaluable when it comes to achieving success. These people can provide guidance, advice, and encouragement, which can be invaluable in helping you achieve your goals.
Overall, it's important to remember that setting your own agenda is essential for success. It's important to take risks and push yourself to achieve your goals. It's also important to remember that you don't have to do it alone. Having a strong support system is essential for achieving success.
Concept 2: Focus On One Industry
When it comes to achieving success, focus is key. When starting a business, it's important to focus on one industry. This allows you to become an expert in that industry and develop a strong network. It also allows you to focus on the specific needs of that industry, rather than spreading yourself too thin.
Scotty, a successful entrepreneur, started his business journey by trying several different industries. He tried a medical website, local portals, computer networking, and websites. But none of these were successful. He eventually found success when he focused on one industry and developed a software for real estate property management.
Scotty realized that he was lucky to have failed in the professional surfing world. It pushed him to start thinking about other jobs and careers. He also realized that he needed balance in his life and that he had to create a business that was based on systems. This allowed him to start surfing again and to create a lifestyle that gave him balance.
The entrepreneur also shared a valuable lesson. He said that when starting a business, it's important to know what you're getting yourself into. He said that if he had known how difficult it would have been, he would have never started. He also said that if he had known how regulated the industry was, he would have done something else.
Overall, it's important to focus on one industry when starting a business. This allows you to become an expert in that industry, develop a strong network, and focus on the specific needs of that industry. It's also important to remember that you don't have to do it alone. Having a strong support system is essential for achieving success. Finally, it's important to remember that it's okay to take risks and to push yourself to achieve your goals.
Concept 3: Stay Focused and Inspired
When starting a business, it's important to stay focused on one industry. This allows you to become an expert in that field and develop a strong network of contacts. It also allows you to focus on the specific needs of that industry. This can be especially important for entrepreneurs who are self-taught and don't have the same resources as those who have gone through a formal education. Staying focused on one industry also helps to avoid distractions from other possibilities and opportunities.
Having a strong support system is also essential for achieving success. This can include mentors, coaches, or even just friends and family who can provide encouragement and advice. It's also important to remember that it's okay to take risks and to push yourself to achieve your goals. Taking risks can lead to great rewards, and it's important to remember that failure is not the end, but rather an opportunity to learn and grow.
Finally, it's important to stay inspired. Inspiration can come from many sources, such as books, podcasts, and videos. It can also come from within, such as the drive to succeed and the motivation to keep going even when times are tough. Inspiration can also come from other entrepreneurs, who can provide valuable advice and encouragement.
Overall, staying focused and inspired are essential for achieving success. It's important to stay focused on one industry, have a strong support system, and stay inspired. Taking risks and pushing yourself to achieve your goals is also important, as it can lead to great rewards. Finally, it's important to remember that failure is not the end, but rather an opportunity to learn and grow.
Concept 4: Build a Business to Keep
When it comes to building a business, it’s important to keep it for the long term. This means having a vision for the future and staying focused on it. It’s also important to have a strong support system that can help you stay motivated and inspired. This could include family, friends, mentors, and even business partners. Taking risks and pushing yourself to achieve your goals is also important, as it can lead to great rewards.
It’s also important to remember that failure is not the end, but rather an opportunity to learn and grow. This is especially true when it comes to building a business. It’s important to be prepared for any potential pitfalls and have a plan in place to get back on track. Reading books on the subject, such as Build a Business You Can Sell: Make the Most Money Now and When You Sell, can be a great way to learn more about the industry and stay inspired.
Overall, it’s important to build a business to keep. Having a strong support system, taking risks, and staying inspired are all important for achieving success. Finally, it’s important to remember that failure is not the end, but rather an opportunity to learn and grow.
Concept 5: Build a Business That runs Without You
Building a business to run without you is an important goal for entrepreneurs. It requires planning, hard work, and dedication. It is important to have a strong support system in place, such as a team of employees, to help you manage the business. This will ensure that the business will be able to run without you. Taking risks is also important. You must be willing to take risks in order to grow and expand your business. Finally, it is important to stay inspired and motivated. This will help you stay focused and driven to achieve your goals.
It is also important to remember that failure is not the end. It is an opportunity to learn and grow. When you fail, take the time to reflect on what went wrong and how you can improve. This will help you become a better entrepreneur and build a business that runs without you.
In conclusion, building a business to run without you is an important goal for entrepreneurs. It requires planning, hard work, and dedication. It is important to have a strong support system, take risks, and stay inspired. Finally, it is important to remember that failure is not the end, but rather an opportunity to learn and grow. With the right mindset and dedication, you can build a business that runs without you.
Concept 6: Duplicate Yourself, Products, Money
Duplicating yourself, products, and money is essential for business success. Duplicating yourself means finding ways to delegate tasks and empower your team to take on the responsibilities of running the business. This allows you to focus on the bigger picture and allows your team to grow and develop. Duplicating products means having multiple products or services that you can offer to customers. This allows you to reach a larger audience and increase your sales. Finally, duplicating money means investing in stocks, bonds, and other investments to create passive income. This allows you to create a steady stream of income without having to be actively involved in the business.
Duplication is a process that takes time and dedication. It requires understanding the fundamentals of business and learning how to delegate tasks. It also requires taking risks and staying inspired. It is important to remember that failure is not the end, but rather an opportunity to learn and grow. With the right mindset and dedication, you can build a business that runs without you.
By following the 1-3-5-7 system, entrepreneurs can learn how to duplicate themselves, products, and money. This system focuses on the people, conditions, actions, and needs of the business. It also focuses on the seven ways to manage time. With this system, entrepreneurs can learn how to build a business that runs without them and create a steady stream of passive income.
In conclusion, duplicating yourself, products, and money are essential for business success. It is a process that takes time and dedication, but with the right mindset and dedication, entrepreneurs can build a business that runs without them and create a steady stream of passive income.
Concept 7: Manage Time Efficiently
Time management is a key factor in achieving success in business. Everyone has the same amount of time each day, but it is up to the individual to decide how to use it. The most effective way to manage time is to focus on the tasks that are most important and delegate the rest. This requires setting priorities, making lists, and delegating tasks to others who can do them better. Additionally, it is important to take regular breaks to recharge and stay productive.
One way to make the most of time is to use time duplication. This involves working smarter rather than harder, and achieving twice as much in half the time. It is a mindset that involves being efficient and looking for ways to use the same amount of time more effectively. This can be done by automating processes, delegating tasks, and setting up systems to duplicate products and services.
Time management is a key factor in achieving success in business. It is a process that requires dedication and the right mindset, but with the right approach, entrepreneurs can make the most of their time and create a business that runs without them. By focusing on the tasks that are most important, delegating the rest, and using time duplication, entrepreneurs can make the most of their time and achieve success.
Concept 8: Start With Systems and Processes.
One way to make the most of your time is to start with systems and processes from day one. This means having a plan in place for how to handle the day-to-day operations of the business and how to maximize efficiency. This means having a system in place for customer service, marketing, and sales. It also means knowing how to delegate tasks and make sure they are completed in a timely manner. By having systems and processes in place, entrepreneurs can save time and energy by not having to reinvent the wheel every time a new task arises.
Another way to make the most of your time is to use time duplication. This involves taking one task and using it to create multiple outcomes. For example, a podcast can be transcribed and used for a blog post, or a book can be written and sold for years. By using time duplication, entrepreneurs can make the most of their time and create multiple streams of income.
Finally, entrepreneurs should focus on the tasks that are most important. This means prioritizing tasks and delegating the rest. By focusing on the tasks that are most important, entrepreneurs can make the most of their time and create a successful business.
By starting with systems and processes, using time duplication, and focusing on the tasks that are most important, entrepreneurs can make the most of their time and create a successful business. By having a plan in place, delegating tasks, and making the most of their time, entrepreneurs can achieve success.
Concept 9: Develop a Sales System
Developing a sales system is an important part of any business. A sales system is a process for turning leads into customers, and it is the lifeblood of any successful business. Without a sales system, a business is doomed to fail.
The first step to developing a sales system is to understand the customer journey. This includes understanding the customer’s needs, and how they will be met by the product or service being offered. It is important to understand the customer's needs in order to create a sales system that will be successful.
The next step is to create a plan for how the sales process will be executed. This includes creating a timeline, a script, and a process for how the sales process will be conducted. It is important to create a plan that is easy to follow and that is tailored to the customer's needs.
Once the plan is in place, it is important to delegate tasks and make the most of the time available. This includes making sure that all tasks are completed on time and that the customer is taken care of. It is important to make sure that the customer is satisfied and that they have a positive experience.
Finally, it is important to focus on the tasks that are most important. This includes making sure that the customer is taken care of and that the sales process is running smoothly. It is important to make sure that the customer is taken care of and that the sales process is running smoothly.
Developing a sales system is an important part of any business. By understanding the customer journey, creating a plan, delegating tasks, and focusing on the tasks that are most important, entrepreneurs can make the most of their time and create a successful business. By having a plan in place, delegating tasks, and making the most of their time, entrepreneurs can achieve success.
Concept 10: Hire an Investment Banker
When it comes to selling a business, however, it can be difficult to know where to start. Many entrepreneurs opt to hire an investment banker to help them sell their business. An investment banker can help create a plan to get the best value for the business and can also help with the process of due diligence and negotiations.
Investment bankers are experienced in the process of selling businesses and can help make sure that the process runs smoothly. They can help prepare the business for sale, create a marketing strategy, and guide the business owner through the entire process. They can also help the business owner understand the legal aspects of the sale, such as non-compete agreements, and can help ensure that the business is properly valued.
The key to hiring an investment banker is to make sure that they are experienced in the process of selling businesses. It is important to ask questions, such as how long they have been in the business, how many businesses they have sold in the past, and what their success rate is. It is also important to make sure that they are familiar with the industry in which the business operates and can provide valuable insight into the current market conditions.
Hiring an investment banker can be beneficial for those looking to sell their business. They can help create a plan to get the best value for the business, guide the business owner through the entire process, and provide valuable insight into the current market conditions. By having an experienced professional on their side, business owners can ensure that the process runs smoothly and that they get the best value for their business.
Concept 11: Get Paid What You're Worth
However, the process of getting to the point of sale is not always easy. There is a lot of paperwork and due diligence that must be done in order to properly evaluate the business. This includes looking at tax returns, business records, and other financial documents. It can be a tedious process, and it can be expensive to hire a professional to do the work.
One of the most important things to remember is that when going through the due diligence process, the people asking questions are not trying to question your integrity. They are simply trying to understand the business and make sure that everything is up to standard. It is important to keep a cool head and remain professional throughout the process.
When it comes to getting paid what you are worth, the best thing to do is to be confident in your abilities and have a plan for the future. If you can prove your worth, you will be paid accordingly. This is why it is important to have a good understanding of the current market conditions and to have a plan for the future of the business.
The best way to get paid what you are worth is to be confident in your abilities and make sure that you are prepared for the due diligence process. It is important to have a good understanding of the current market conditions and to have a plan for the future of the business. By having an experienced professional on your side, you can ensure that the process runs smoothly and that you get the best value for your business.
Concept 12: Find Your Peace in Nature
Finding peace in nature is one way to recharge and restore balance in your life. Whether it be a beach, a mountain, or a lake, being surrounded by nature can be incredibly calming and centering. Nature can provide a sense of perspective, allowing us to step back, take a deep breath, and take in all the beauty and serenity of the world around us.
It is also important to stay connected with nature. Taking time to observe the natural world around us can help us appreciate the beauty and complexity of the environment. This appreciation can lead to a greater understanding of our place in the world and our connection to the environment. We can also become more mindful of our actions and how they affect the environment.
In addition to physical benefits, being surrounded by nature can also provide mental and emotional benefits. Studies have shown that spending time in nature can reduce stress and anxiety, improve mood, and boost creativity. Nature can also provide a sense of peace and tranquility, allowing us to relax and reflect on our lives.
Finding peace in nature is a great way to recharge and restore balance in your life. Taking time to observe the natural world around us can help us appreciate the beauty and complexity of the environment and gain a greater understanding of our place in the world. Nature can also provide a sense of peace and tranquility, allowing us to relax and reflect on our lives. Taking time to appreciate nature can help us become more mindful of our actions and how they affect the environment. So, get out there and find your peace in nature!
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