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Being a business owner is rewarding, but it comes with many risks and responsibilities. It's true...you have the opportunity to make lots of money,but the opposite can also happen. In today's episode, Bob recounts the time when he lost 10 million dollars. His excitement at what was supposed to be a major business deal led to disappointment. Luckily, he was able to make adjustments and got back on track stronger and wiser. What would you do if the same thing happened to you?
“Things aren't done TO YOU; They're done FOR YOU.”
- Bob Thompson
In This Episode:
0:00 A pivotal event that happened two years ago
1:21 Why Bob decided to sell a part of his business
5:45 An 8-figure offer and a great business plan with a 45-day timeline
6:55 Timing is everything! The world shut down and the deal was off!
10:00 What Bob realized after the failed deal
16:46 Is it possible to be successful in business without sacrificing your personal life
18:10 The final straw that made Bob reevaluate his life
21:22 Why you need to get experts to do what they're good at
23:40 How to impact more people while fixing business issues along the way
31:30 Lessons learned from building a business (and how to pivot when the unexpected happens)
Connect with Bob:
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Being a business owner is rewarding, but it comes with many risks and responsibilities. It's true...you have the opportunity to make lots of money,but the opposite can also happen. In today's episode, Bob recounts the time when he lost 10 million dollars. His excitement at what was supposed to be a major business deal led to disappointment. Luckily, he was able to make adjustments and got back on track stronger and wiser. What would you do if the same thing happened to you?
“Things aren't done TO YOU; They're done FOR YOU.”
- Bob Thompson
In This Episode:
0:00 A pivotal event that happened two years ago
1:21 Why Bob decided to sell a part of his business
5:45 An 8-figure offer and a great business plan with a 45-day timeline
6:55 Timing is everything! The world shut down and the deal was off!
10:00 What Bob realized after the failed deal
16:46 Is it possible to be successful in business without sacrificing your personal life
18:10 The final straw that made Bob reevaluate his life
21:22 Why you need to get experts to do what they're good at
23:40 How to impact more people while fixing business issues along the way
31:30 Lessons learned from building a business (and how to pivot when the unexpected happens)
Connect with Bob: