What do successful entrepreneurs have that the other guys don’t? It’s not spunk or drive or even a snarky sense of humor. According to Jay Owen, it’s the right kind of people by their side.
On this episode of the ROI Online Podcast, Steve talks to entrepreneur and author Jay Owen about the problems business owners face that no one is talking about, the importance of having a system, and the four kinds of people you need to achieve success.
Jay Owen started his own business at 17 when he was still in high school. At that time, the business was a way to earn money to watch movies on the weekend. But, after working in insurance with his uncle, he came to a crossroads. He could make tons of money in insurance and be miserable every day of his life. Or, he could invest everything in his design business and risk an unsteady income but enjoy every second of it.
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His wife encouraged him to follow his dreams, so he did. His business, Design Extensions, grew from a yearly revenue of $5,500 to millions. He wrote the book Building a Business That Lasts, and created a podcast of the same name, to help other entrepreneurs overcome the challenges of starting a business and strike a balance between work and life.
Jay faced his fair share of ups and downs during his personal journey to success. He credits his survival to the four kinds of people he had by his side: Someone to look up to, someone in the same place as him, someone who looked up to him, and someone who believed in him when he believed in himself. These four kinds of people are the key to surviving the entrepreneurial gauntlet. Without that support system, business owners can have a hard time picking themselves up when they fall down and can experience debilitating depression.
Another component of his success is having a system. When you have a system, you can grow and expand your business. Plus you can enjoy yourself at a week-long vacation without everything falling to pieces without you—when everything opens up again, of course.
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You can learn more about Jay here:
buildingabusinessthatlasts.com
Listen to Jay’s podcast: buildingabusinessthatlasts.com/episodes/
Read Jay’s book: Building a Business That Lasts
Read the books referenced in this podcast:
Predictable Success by Les McKeown
Building a StoryBrand by Donald Miller
Clockwork: Design Your Business to Run Itself by Mike Michalowicz
Get your copy Steve Brown’s book, The Golden Toilet. Also available on Audible for free when you sign up for a 30-Day Trial Membership!