The Leadership Stack Podcast

Ep 308: The One Life-Sustaining Skillset Your Business Needs


Listen Later

Sean: All right, what are your tips for people having a hard time choosing what type of business they want to start?

Erika: I guess you have to keep asking yourself questions like: What are your options? What's your situation? What do you offer? What are your talents? What resources do you have? Like I said earlier, I just really focused on what I wanted to do, what I wanted to be at, and that was fashion, and then something that I knew that I could do at the comforts of my home online.

Because during that time, I was young. I think I was 18 years old and I was a mommy. I had to take care of my baby and at the same time earn a living. So, given the situation, I can't go out. At that time, I didn't have a helper I could afford so I had to do everything. I really am the Jack of all trades that Niño mentioned. Even changing diapers, I also did that.

So, ask yourself those questions, and then eventually you'll figure it out. And of course, don't forget what you really want to do so you won't get burned out of the business and it won't feel like work in the beginning. Because it's really the first few months or the first few weeks, you won't probably earn enough or sustainably for it to go.

Sean: Yeah, at the beginning it's really a grind. You don't really make much and then you hire people, and sometimes their salary is bigger than your take home. I mean I personally experienced that when I was starting out, and those are the times that you're going to be questioning your purpose. Why did I start? Why is my employee's salary bigger than my take-home salary? It's tough.

It's tough so my answer to this question is, make sure you choose the business that you're willing to suffer for. Erika said the word passion earlier. And passion, if you take it from the Latin definition, means suffering or sacrifice.

It should be something that you're willing to suffer for, something you're willing to sacrifice yourself for. That's going to be the business that you should start because otherwise you're going to quit halfway and you're not even getting the first fruits of your efforts. It would be a waste if you quit halfway. So that's my advice for you there.

From Tin, what could be your best advice for those who can relate with the Jack of all trades thing mentioned earlier? Tin has a small clothing business and she's a one-man team. And yeah, that's the question. What's the best advice?

Youtube: https://www.youtube.com/leadershipstack

Join our community and ask questions here: from.sean.si/discord

Facebook: https://www.facebook.com/leadershipstack

...more
View all episodesView all episodes
Download on the App Store

The Leadership Stack PodcastBy Sean Si

  • 5
  • 5
  • 5
  • 5
  • 5

5

9 ratings


More shows like The Leadership Stack Podcast

View all
Follow the Money: Master the Markets, Build Wealth, and Achieve Financial Freedom by Follow the Money Podcast

Follow the Money: Master the Markets, Build Wealth, and Achieve Financial Freedom

86 Listeners