NEW: We're now partnered with Catapult x UPenn as a content partner! Learn more about our partnership here.
Aug. 25, 2024

918: WAIT! Let's check the weather... (or should we take a chance?)

In today's episode we're diving into the wisdom of Ecclesiastes, revealing why taking risks is essential. Learn from our host Brian Lofrumento's personal experiences, including the launch of his soccer blog in 2008, and discover how to overcome the mind games and doubts that plague every entrepreneur. This episode promises to inspire you with motivational quotes and actionable strategies to stop overanalyzing and start moving forward with consistency, discipline, and momentum.

Chapters

00:00 - Taking Chances in Entrepreneurship

12:09 - The Power of Simple Solutions

17:08 - Supporting Entrepreneurial Guests

Transcript

WEBVTT

00:00:00.100 --> 00:00:01.042
Hey, what is up?

00:00:01.042 --> 00:00:04.270
Welcome to this episode of the entrepreneur to entrepreneur podcast.

00:00:04.270 --> 00:00:18.928
As always, I'm your host, brian Lofermento, and this is a solo Sunday episode where we are going to be talking about waiting, and we're going to be talking about all the reasons why you shouldn't start your business or focus on your business or grow your business.

00:00:18.928 --> 00:00:20.553
I'm excited about this one.

00:00:20.553 --> 00:00:21.602
Let's dive in.

00:00:21.602 --> 00:00:29.524
So you're probably thinking right off the bat, brian, why are we talking about waiting?

00:00:29.524 --> 00:00:33.435
Why are we talking about not working on our businesses?

00:00:33.435 --> 00:00:48.466
Well, I'm excited about this because the reality is, we're all human and we all do all of these silly games inside of our own minds, and what I've learned over 16 years of being an entrepreneur is that those mind games they actually never stop.

00:00:48.466 --> 00:01:08.061
We get stronger at recognizing those mind games and we certainly get a little bit stronger, at least, in knowing how to navigate through those mindset ups and downs and lulls and highs that we face along the way, but really, we always do that and we always are going to do that, and so that's why I'm a big fan, so many of you know.

00:01:08.061 --> 00:01:23.493
If you listen to our interview episodes or if you listen to these solo Sunday episodes, you already know how excited I get about quotes, because quotes, they just have a knack of serving me in the moments that I need them and, in my, my mind recalls them.

00:01:23.493 --> 00:01:38.320
And they're really impactful because every quote comes from someone who is far wiser than I am, and I love leaning on the expertise and experiences and wisdom from people who have seen things and things that have withstood the test of time.

00:01:38.320 --> 00:01:47.243
And so that's why, for today's episode, really I want to frame it around a quote, actually an excerpt from the Bible, that I saw when I was just scrolling through Instagram.

00:01:47.243 --> 00:01:49.631
So many quotes that I find really come from Instagram.

00:01:49.631 --> 00:01:52.046
I love that save feature on Instagram.

00:01:52.046 --> 00:01:54.731
If you haven't used that just yet, get into that habit.

00:01:54.731 --> 00:01:58.977
When you see things that move you, when you see things that inspire, you, click that save button.

00:01:58.977 --> 00:02:15.393
You can create a bookmark list just of inspirational, motivational content so that when you need those pick-me-ups, if you find yourself in these moments that we're going to talk about today, you just go to your saved files and start leveraging what you've already put together there to get yourself back in that mood.

00:02:15.500 --> 00:02:16.842
But I do want to read you.

00:02:16.842 --> 00:02:26.489
It is from Ecclesiastes 11, verse 4, and here's what it says but there are some things that you cannot be sure of.

00:02:26.489 --> 00:02:28.641
You must take a chance.

00:02:28.641 --> 00:02:32.436
If you wait for perfect weather, you will never plant your seeds.

00:02:32.436 --> 00:02:38.709
If you are afraid that every cloud will bring rain, you will never harvest your crops.

00:02:38.709 --> 00:02:44.788
So super quick, super simple, that's the end of the excerpt that I wanted to read to you today.

00:02:44.788 --> 00:02:52.090
Now I want to talk to you about it because I feel like it in so many ways illustrates a lot of what it means to be an entrepreneur.

00:02:52.090 --> 00:02:53.706
I'm going to read it one more time.

00:02:53.706 --> 00:02:57.911
But there are some things that you cannot be sure of.

00:02:57.911 --> 00:02:59.926
You must take a chance.

00:02:59.926 --> 00:03:04.013
If you wait for perfect weather, you will never plant your seeds.

00:03:04.013 --> 00:03:10.049
If you are afraid that every cloud will bring rain, you will never harvest your crops.

00:03:10.049 --> 00:03:15.108
So you might be thinking to yourself, brian, what the heck are we going to talk about from this verse here today?

00:03:15.108 --> 00:03:22.201
Well, there's two real ingredients behind that verse that really spoke to me, and the first thing is there are things you cannot be sure of.

00:03:22.201 --> 00:03:24.348
You must take a chance, you must take risks.

00:03:24.627 --> 00:03:30.163
I feel like as entrepreneurs, and especially, I still remember, even though I've been in this journey for 16 years.

00:03:30.163 --> 00:03:33.510
I very much remember my wantrepreneurial days.

00:03:33.510 --> 00:03:35.301
I remember the books I was reading back then.

00:03:35.301 --> 00:03:38.409
It was a lot of blog blogs that I was reading as well.

00:03:38.409 --> 00:03:40.442
Back in the day, blogs were a thing.

00:03:40.442 --> 00:04:04.745
People were consistently writing man-made, human-made blog content that was super valuable, and so I still remember all of those things that I was consuming, all of the things that I was thinking, all of the things that I was trying, and in so many ways, I feel like as entrepreneurs, and especially as entrepreneurs, we're looking for answers Because, let's face it, entrepreneurship is risky business.

00:04:05.006 --> 00:04:07.102
Starting something on our own is risky business.

00:04:07.102 --> 00:04:14.104
Heck, every single thing that we do in life is risky business, and so we want to maximize our chances for success.

00:04:14.104 --> 00:04:17.132
It makes very perfect sense to have that desire.

00:04:17.132 --> 00:04:47.009
Of course, we want to set ourselves up for success in the best possible way, but at a certain point, you have to let go and you just have to accept the fact that there probably aren't black and white answers that you're looking for, for whatever it is that you're looking to solve whether that's marketing or sales, or your company name or your logo, or your branding or your messaging, or who it is that you're meant to serve there are many of those things that we can't control and we certainly cannot be sure of.

00:04:47.009 --> 00:05:01.687
We can make educated and informed guesses based on our own knowledge, our own experiences, or the experiences and insights and strategies of others, which is, of course, why we are so grateful to bring on so many amazing entrepreneurs here onto this show.

00:05:01.687 --> 00:05:21.072
But, at the end of the day, even if you hear the best entrepreneur, even if you hear the best entrepreneur, even if you hear the smartest person in the world talk about something and it worked exactly like that for them they're being fully transparent with you that still is uncertain for your own journey.

00:05:21.139 --> 00:05:26.685
When people ask me about how I started my first business, which was a soccer blog that I launched in 2008,.

00:05:26.685 --> 00:05:33.266
We grew it to three and a half million visitors every single month, one of the most read soccer websites on planet earth.

00:05:33.266 --> 00:05:35.781
The English football association gave us awards.

00:05:35.781 --> 00:05:41.242
We were named the fans favorite football website, and so people often ask me, brian, how did you do that?

00:05:41.242 --> 00:05:43.045
What were the tools that you used?

00:05:43.045 --> 00:05:44.509
What was your content strategy?

00:05:44.509 --> 00:05:48.437
What was your promotional and marketing strategy, and I freely share all of that.

00:05:48.517 --> 00:05:51.245
I love talking about the launch of my first business.

00:05:51.245 --> 00:05:54.473
It obviously changed the entire course of my life.

00:05:54.473 --> 00:05:59.853
It led to me one day starting an agency, one day publishing a book, in 2016, starting this show.

00:05:59.853 --> 00:06:08.048
All of it traces back just to that one soccer blog, and when I share the strategies with people, they think that that's a roadmap.

00:06:08.048 --> 00:06:16.769
They think that they're gonna get some concrete, tangible, fail-safe strategies and insights that they can just take and apply to their businesses.

00:06:17.521 --> 00:06:18.605
And I wish that were the case.

00:06:18.605 --> 00:06:24.851
I wish that were true, but the reality is no strategy on planet Earth is fail-safe.

00:06:24.851 --> 00:06:38.990
No strategy, no insights, no, anything is 100% guaranteed that you can be sure of, and that's why I love that part of this verse from Ecclesiastes you must take a chance.

00:06:38.990 --> 00:06:42.848
You must take a chance and we have to openly acknowledge that.

00:06:42.848 --> 00:06:56.781
And I'll tell you what in a world where every other ad seems to be an ad for sports gambling and there's so much going on in the world where things are risky, we take a risk every time we post on social media and express our thoughts.

00:06:56.781 --> 00:07:00.930
We take a risk when we are navigating our friendships and our relationships.

00:07:00.930 --> 00:07:08.629
We take a risk when we're gambling on sports for people who choose to do that with their lives, whatever it may be, everything is a risk.

00:07:08.629 --> 00:07:10.661
Everything is a chance, but I'll tell you what.

00:07:11.103 --> 00:07:17.064
If I'm going to take a chance on something or someone, why not take a chance on me?

00:07:17.064 --> 00:07:20.033
And I know that I'm preaching to the choir here.

00:07:20.033 --> 00:07:24.161
I know that you feel that inside, because you have that bug.

00:07:24.161 --> 00:07:31.593
You have the entrepreneurial bug, or itch, that we just can't ignore and to me, this is at the very root of it.

00:07:31.593 --> 00:07:34.595
This is at the root is that acknowledgement of you know what.

00:07:34.595 --> 00:07:36.372
I just need to take a chance.

00:07:36.372 --> 00:07:39.250
I need to take a chance, and it's not just one chance.

00:07:39.250 --> 00:07:48.576
I need to continue to take the chance each and every single day that I show up for myself, that I show up for my business, that I show up for the people that I want to serve.

00:07:48.985 --> 00:07:52.288
Every single sales call that you get on, you're taking a chance.

00:07:52.288 --> 00:07:53.569
Every single sales call that you get on, you're taking a chance.

00:07:53.569 --> 00:07:56.571
Every single ad campaign that you launch into the world, you're taking a chance.

00:07:56.571 --> 00:08:03.257
Every single piece of marketing material that you write or put together heck your website, the text on your website.

00:08:03.257 --> 00:08:08.420
It's all taking a chance and we have to acknowledge that and we have to flourish.

00:08:08.901 --> 00:08:29.369
In those circumstances, we have to say, yes, I want to take a chance, and taking a chance means acknowledging the fact that we're not sure of it, and that is a natural part of the journey and the second part of this verse that I'm sharing with you here today if you wait for perfect weather, you will never plant your seeds.

00:08:29.369 --> 00:08:38.423
If you are afraid that every cloud will bring rain seeds, if you are afraid that every cloud will bring rain, you will never harvest your crops.

00:08:38.423 --> 00:08:46.374
My goodness, I cannot tell you how much I appreciate those words, articulated in the way that they are in this verse, because we all do this.

00:08:46.374 --> 00:08:51.249
We all do it not just at the beginning of our entrepreneurial journeys, not just in the middle, not just at the end.

00:08:51.249 --> 00:08:58.359
We do it every single day as human beings, as we watch those clouds and we wonder is it going to rain?

00:08:58.359 --> 00:08:59.941
Should I go for that bike ride?

00:08:59.941 --> 00:09:01.231
Should I go for that walk?

00:09:01.231 --> 00:09:03.625
Should I text my friend and see if they want to play tennis?

00:09:04.086 --> 00:09:09.316
We are always looking at these clouds in life, in business, in weather.

00:09:09.316 --> 00:09:18.110
Literally, we can always, we can spend our entire lives watching the weather and always wondering when the perfect time is going to be.

00:09:18.110 --> 00:09:29.172
And we can take this verse and think about it through that lens of my favorite Chinese proverb that I've referenced so many times before here on this show of the best time to plant a tree was 20 years ago.

00:09:29.172 --> 00:09:31.277
The second best time is right now.

00:09:31.277 --> 00:09:47.648
But I actually feel like this verse goes far beyond that, and I think this verse isn't simply a reminder for us to hey, take action right now it's the perfect time but I actually think it also adds emphasis on the fact that we can't just stand there looking at the clouds.

00:09:47.648 --> 00:09:50.634
We can't look at all of these external forces.

00:09:50.995 --> 00:10:01.739
If we are going to take a chance, we need to do it completely regardless of the macro landscape, of any micro landscapes that we're analyzing and assessing.

00:10:01.739 --> 00:10:04.312
We just need to take a chance.

00:10:04.312 --> 00:10:12.113
We will never be able to be sure of those market conditions, the micro market conditions, the macro economic situation.

00:10:12.113 --> 00:10:13.996
Heck, we're in volatile times.

00:10:13.996 --> 00:10:15.587
There's a lot of changes ahead.

00:10:15.587 --> 00:10:19.827
I have no idea what's going to happen as we race to an end here in 2024.

00:10:19.827 --> 00:10:24.826
Obviously, it's political season here in the United States and, I know, in so many places across the world.

00:10:24.826 --> 00:10:27.553
There's economic conditions that we're all facing.

00:10:27.553 --> 00:10:29.567
Interest rates are they going to be raised?

00:10:29.567 --> 00:10:30.508
Are they going to be lowered?

00:10:30.508 --> 00:10:33.192
Who the heck knows what's going to happen in the housing market.

00:10:33.192 --> 00:10:40.265
I have no idea, but at the end of the day, more so than me sharing with you hey, ignore those things.

00:10:40.265 --> 00:10:44.294
What this is really about is don't even watch those things.

00:10:44.294 --> 00:10:45.437
Take a chance.

00:10:45.437 --> 00:10:51.682
Take a chance on you, because the clouds have no bearing on when you should plant your seeds.

00:10:51.682 --> 00:10:53.913
The clouds have no bearing on when you should harvest your crops.

00:10:53.913 --> 00:10:56.186
The clouds have no bearing on when you should harvest your crops.

00:10:56.186 --> 00:11:06.899
If you're always waiting for those circumstances, of course they'll never come, and none of this that I'm sharing with you today is mind-blowing.

00:11:06.960 --> 00:11:11.933
None of this stuff is overly complex or the most brilliant things that you've ever heard in your life.

00:11:11.933 --> 00:11:20.629
I know that it's simple, and that's exactly why we're talking about it, for this Solo Sunday episode is it's the simple things that are the hardest.

00:11:20.629 --> 00:11:29.767
When we think about the really complex things, I mean, I think back to, you know, freshman year of college when we learned derivatives and integrals in calculus class.

00:11:29.767 --> 00:11:32.356
Yeah, that seems really complicated.

00:11:32.356 --> 00:11:36.168
If you walk up to the average person on the street and you say, hey, what's the derivative?

00:11:36.168 --> 00:11:40.527
Find the marginal revenue equation for this business's real life data.

00:11:40.527 --> 00:11:45.249
They're going to say what the heck is a marginal revenue curve and how do I even begin to calculate that?

00:11:45.249 --> 00:11:47.715
And the truth is you could learn it.

00:11:47.715 --> 00:11:48.557
I know you could learn it.

00:11:48.557 --> 00:11:51.730
I was a math tutor in college, so that's why I'm picking this example.

00:11:51.730 --> 00:11:59.549
I could easily explain to you how to take that real life data, do a regression analysis on it and then take the derivative of that to figure out the marginal revenue curve.

00:11:59.549 --> 00:12:09.227
Sounds like a lot of complicated stuff, but the truth is I can walk you through it ChatGPT can walk you through it these days, so we can figure those complex things out.

00:12:09.509 --> 00:12:23.629
The hardest things in life, the hardest things in business and for sure, the hardest things in our own personal development journeys, are the simple things, because it's deceiving how simple they sound.

00:12:23.629 --> 00:12:30.650
And we like to complicate things because we can figure out how to find solutions to complex and complicated things.

00:12:30.650 --> 00:12:42.270
It's why we sit down in our own minds as we're trying to go to sleep at night or when we're driving and we find ourselves just on autopilot thinking about all the things that might go right or might go wrong.

00:12:42.270 --> 00:12:50.717
And we love working through those scenarios in our minds because when we think about those scenarios that may or probably will never happen.

00:12:50.717 --> 00:13:03.712
We're really good at coming up with those solutions, but Finding solutions to the simple things, sticking to consistency and discipline and building momentum and maintaining momentum all simple things.

00:13:04.254 --> 00:13:10.173
Not looking at the weather and just planting our seeds Gosh, what sounds simpler than that?

00:13:10.173 --> 00:13:13.134
Hey, tomorrow let's go plant all those seeds.

00:13:13.134 --> 00:13:15.049
Well, what about if the weather's raining?

00:13:15.049 --> 00:13:16.033
What about if it's sunny?

00:13:16.033 --> 00:13:17.090
What about if it's too hot?

00:13:17.090 --> 00:13:18.428
What about if it's too cold?

00:13:18.428 --> 00:13:19.292
Who cares the way?

00:13:19.292 --> 00:13:20.636
Simpler solution is just you and I saying you know what?

00:13:20.636 --> 00:13:21.219
What about if it's sunny?

00:13:21.219 --> 00:13:21.902
What about if it's too hot?

00:13:21.902 --> 00:13:22.543
What about if it's too cold?

00:13:22.543 --> 00:13:24.144
Who cares the way?

00:13:24.144 --> 00:13:26.109
Simpler solution is just you and I saying you know what, tomorrow let's go plant those seeds.

00:13:26.129 --> 00:13:26.470
Simple, isn't it?

00:13:26.470 --> 00:13:27.511
Why is that so hard?

00:13:27.511 --> 00:13:36.864
Because these are the games that we play in our mind, and so I feel really strongly about us putting these topics front and center.

00:13:36.864 --> 00:13:56.956
And I'm so grateful to have come across this Bible verse, in particular Ecclesiastes 11, verse four, because I think it's really powerful when it gets at the simple things, when it gets at the fact that we need to stop watching the clouds and we just need to start planting our seeds and harvesting our crops and taking those chances.

00:13:56.956 --> 00:14:17.471
How, in that two or three sentences, we fit in these three powerful concepts, incredibly important, and that's why I lean on the advice of things that are way beyond our knowledge and expertise and the experiences that we've all had ourselves, and the wisdom shared in so many amazing quotes that I love bringing to the air.

00:14:17.471 --> 00:14:34.693
So I hope this one hits you where you need it and I hope that it serves you on this beautiful Sunday or whatever day of the week and whatever season it is that you're tuning into this episode, because this is the real stuff and I'm excited for it to positively move us in the direction of our dreams.

00:14:34.693 --> 00:14:36.859
So that's it for me.

00:14:36.859 --> 00:14:38.346
Today, I'm super excited.

00:14:38.346 --> 00:14:49.214
We are just rocking and rolling as August races to a close, which, truth be told, I don't understand how time is moving as fast as it is, but I'm really excited for this week's lineup of guests.

00:14:49.494 --> 00:14:50.514
Garrett Daly talks about clarity.

00:14:50.514 --> 00:15:14.110
I love the conversation that I got to have with Garrett that's going to air tomorrow, because, when it comes to thinking about clarity in our businesses whether it's clarity in our messaging, clarity in our mission, clarity in how we want to show up in our business and for the people that we serve.

00:15:14.110 --> 00:15:20.091
Garrett has a really interesting perspective on it and this is someone who is very intentional in the way he thinks.

00:15:20.091 --> 00:15:24.538
He's been into philosophy and you'll see how much that has translated to his works.

00:15:24.538 --> 00:15:30.136
You do not want to miss episode 919 with Garrett Daly tomorrow and then the rest of the week.

00:15:30.136 --> 00:15:35.817
We've got two teenage entrepreneurs, which makes me so excited to round out the month of August.

00:15:35.817 --> 00:15:44.515
These are two incredible entrepreneurs just trying things and shaking things up in their industries and being willing to take those chances and experiment.

00:15:44.515 --> 00:15:56.678
So huge shout out to Zach Derhockey, who you're going to hear from on Wednesday, who is within the world of tech, just trying things and applying technology to age old problems and finding those market gaps.

00:15:56.678 --> 00:16:01.248
It's really cool to hear about the way that his executive and entrepreneurial brain thinks.

00:16:01.649 --> 00:16:04.715
And then Friday's episode 921 with Gemma Cullen.

00:16:04.715 --> 00:16:07.908
Holy cow, gemma is so wise beyond her years.

00:16:07.908 --> 00:16:10.676
Actually, I lied, she's not a teenager, she's 20 years old, though.

00:16:10.676 --> 00:16:26.878
So I'm super excited for you to learn from her as well on Friday and really hear her experiences, because this is someone who is just moving and shaking and taking action and getting results already, while also managing a college workload.

00:16:26.878 --> 00:16:28.951
So these are all teasers.

00:16:28.951 --> 00:16:40.037
I could brag till the end of the day about this week's guest, so make sure you pound that subscribe button because we'll see you, as always, every Monday, wednesday, friday, saturday and Sunday here on the Wantrepreneur to Entrepreneur podcast.

00:16:40.764 --> 00:16:46.273
Hey, it's Brian here, and thanks for tuning in to yet another episode of the Wantrepreneur to Entrepreneur podcast.

00:16:46.273 --> 00:16:50.292
If you haven't checked us out online, there's so much good stuff there.

00:16:50.292 --> 00:16:56.753
Check out the show's website and all the show notes that we talked about in today's episode at thewantrepreneurshowcom.

00:16:56.753 --> 00:17:05.509
And I just wanna give a shout out to our amazing guests.

00:17:05.509 --> 00:17:08.743
There's a reason why we are ad free and have produced so many incredible episodes five days a week for you, and it's because our guests step up to the plate.

00:17:08.763 --> 00:17:10.367
These are not sponsored episodes.

00:17:10.367 --> 00:17:11.971
These are not infomercials.

00:17:11.971 --> 00:17:15.445
Our guests help us cover the costs of our productions.

00:17:15.445 --> 00:17:26.406
They so deeply believe in the power of getting their message out in front of you, awesome wantrepreneurs and entrepreneurs, that they contribute to help us make these productions possible.

00:17:26.406 --> 00:17:34.914
So thank you to not only today's guests, but all of our guests in general, and I just want to invite you check out our website, because you can send us a voicemail there.

00:17:34.914 --> 00:17:36.246
We also have live chat.

00:17:36.246 --> 00:17:42.259
If you want to interact directly with me, go to thewantrepreneurshowcom, initiate a live chat.

00:17:42.259 --> 00:17:51.705
It's for real me and I'm excited because I'll see you as always every Monday, wednesday, friday, saturday and Sunday here on the Wantrepreneur to Entrepreneur podcast.