Today you’re joining me in Jamaica where I gave a keynote to rising stars; part of Richard Branson’s Center for Entrepreneurship. What I love about this talk, and really engaging with the community at large is — whether you are an entrepreneur, artist, or really pursuing anything, we all face the same challenges – fear, doubt, and finding our way.
I share some of those things from my journey, but even more interesting and fun is getting to hear from 3 different entrepreneurs on stage with the goal of unlocking some of their biggest challenges. And I know without a doubt, the challenges they have are similar to ones you face or will face. Please enjoy our business therapy session.
You’ll also be inspired to know that:
- Failure is one of the best learning opportunities. Rather than letting failure scare you away from trying again, let it teach you what to do next time.
- You’ve got to periodically look at your business model to see where your money is coming from vs where you’re spending your time. If you’re not making the most money from where you’re spending the most time, you need to fix it fast.
- Stories are an integral part of succeeding at business. Telling your own story well can move your business across the globe. On the other end of the spectrum, you’ve got to get really honest regarding the stories you’re telling yourself about what’s holding you back.
If you don’t take action you will not get anywhere.
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Listen to the Podcast
In This Episode, You Will Learn:
- Step one of being an entrepreneur is resisting doing the things that everyone thinks you should be doing. [3:50]
- “If you don’t write your own script, someone else will surely write it for you.” [5:14]
- All of the world’s biggest problems can be solved with creativity. [7:00]
- “I’m living proof that you can not only make a living, but make a life, doing the things that you want.” [8:40]
- Why it’s the most exciting time in the history of the world to be an entrepreneur. [11:00]
- “If your dreams aren’t scaring you, you’re not dreaming big enough.” – Richard Branson [11:24]
- My thoughts on failure and my billion dollar failure. [11:50]
- Do not chase market opportunities. [15:20]
- Entrepreneurship is the hardest job there is. [19:56]
- Why you need to focus your energy on things that you care deeply about. [21:35]
- Check out Chris Guillebeau’s book, Born for This, where he explains why you need to work in an area that you are deeply passionate about [23:17]
- Question from the audience: how did you overcome your billion dollar failure? [25:55]
- Part of my grieving process was to write about my biggest failure. You can check it out online; search “My Biggest Failure Chase Jarvis” to find it [28:30]
- We welcome to the stage 3 entrepreneurs: Ayanna Dixon, fashion illustrator and designer of her company, ASD. Obert Canape of OKE, Opportunity-Knowledge-Empowerment. Nila of St. Lucia Camping Adventures. [32:25]
- Ayanna tells us that she’d have to have about a million customers to make a living with her current business model. If you’re not asking yourself where your money is coming from and how far it’ll get you, you’re blowing it. [36:42]
- Ask yourself how much time you’re spending on the parts of your business that aren’t producing any monetary results. [39:35]
- You can have disproportionate results if you focus on being different, rather than focusing on just being better. [41:55]
- Why you need to craft a rock solid narrative about your business. Humans love stories and it’s one of the best ways to attract the biggest clients. [43:10]
- My suggestions on how to overcome government regulations and shortage of capital. Spoiler alert: it starts with story. [46:40]
- Do what you can today with what you have. [50:00]
- If you don’t take action you will not get anywhere. [50:50]
- Why it’s crucial to identify your ideal client. [57:50]
- How to benefit from giving away services for free. [58:20]
- How to turn one client into enough clients. [61:16]
This podcast is brought to you by CreativeLive. CreativeLive is the world’s largest hub for online creative education in photo/video, art/design, music/audio, craft/maker, money/life and the ability to make a living in any of those disciplines. They are high quality, highly curated classes taught by the world’s top experts — Pulitzer, Oscar, Grammy Award winners, New York Times best selling authors and the best entrepreneurs of our times.