Hey, what's going on everybody?

Hey, this is Coulton woods and you're listening to learning from the experts and today I want to talk to you about experience and how it is actually your most valuable asset.

So here's the deal.

I know how frustrating it is as an entrepreneur to waste countless hours sifting through wanna-be experts who never actually helped me in the end.

Then to learn years later that there was an expert who really could help me 100 times faster than learning it on my own.

I have created this podcast to save you time and money while taking you on a journey with me as I learn from and interview real experts who can actually help you grow your business.

My name is Coulton Woods and you're listening to learning from the experts.

Sweet stuff.

What I want to talk to you about today is something called experience.

It's interesting to me that people think that you can just go through and learn things and then not actually learn them without having any experience tied to it.

Robert Herjavec, you know one of the sharks on shark tank?

One of the sharks on shark tank said that experience is your most valuable asset.

Now why do you think that is?

I actually want to tell you a story.

So when I was in college, if you've listened to my podcasts before this, you'll know that when I was in college, I started my own repair store.

I remember going to a class and we were learning about breaking even costs, fixed costs, variable costs, Roi, basic different things.

And I remember in this basic entrepreneurial class, the teachers teaching us some things and literally would ask us a question like if your costs are this much and you have to pay for it every month, no matter what, what is that a fixed cost or variable costs.

Then professor asks if you sell your products and you make this much profit on your product, how much do you have to sell to cover your fixed costs?

And I thought, it's easy.

I can tell you that right away because I've done it in my own business and I know what my costs are, and I know what I have to sell in order to cover those costs and how much I make by selling whatever product or service that I was doing.

And so I remember I'm sitting in this class and I'm like, the teacher's asking us a question, okay, well if you sell this much, how much do you have to sell in order for you to cover your fixed costs?

Just this divided by that.

And I'm like, it's this much.

And he's like, yeah, it's correct.

And then I remember so many people in there, so many of these kids in college, they couldn't wrap their head around it for some reason.

They're like, I don't really understand why or how this all actually works.

And I mean going through that semester, I was the teachers favorite student, me and this one other guy.

I remember this other guy had some business experience as well and it was a super easy class for us and we just flew through that.

And it wasn't hard for us because we had some experience already in the field and we had already done different things and if I wouldn't have had the experience that I had doing business, it would have been just as hard for me but once I had the experience, it's so easy.

How come you don't understand that?

How come you don't get it?

Like, it makes so much sense.

That's easy.

I've been through that.

We forget as people that if you haven't gone through the experience,it's not as easy to understand.

I wasn't even planning on talking about this, this is not totally business related, but it helps 100 percent with experience.

So me and my wife went through over six years of infertility battle.

We literally tried to have children for over six years.

It wasn't until like seven years of being married that we actually were able to have a kid.

He's four and a half months now, we just had our first baby boy, and I'm super excited to him, he's the cutest little thing I've ever seen and he's already smiling, laughing and he's a huge blessing our lives.

But what's interesting is if we didn't have that experience of what it's like to work so hard or try so much and go through it.

A lot of people don't even know the terms.

We went through things called IUIs that we had to do, and doctor's appointments and shots and different medicine like Femara.

And Clomid, like there's all these different terms and stuff.

We ended up having to do ivf and if you don't know what ivf is in vitro, where they actually literally have to fertilize the egg outside of the body and then implant back into the body and it's not cheap.

So it took us over six years to essentially get to that point.

Whereas, like every doctor is telling us we don't know why.

She had multiple surgeries on different things that may have been causing the infertility and those ended up not working and so many other issues and different things.

And finally it came to the point where we knew we had to do IVF.

So we did IVF and it was successful in the first round thank goodness.

And I'm sorry for anybody that ever has to go through that.

It is not fun.

It is not a good road or battle to be going on and is very emotional.

It's such a huge blessing to have that little one around now.

But with that being said, for other people that are going through infertility, it's really interesting because if you haven't experienced it, you don't understand it.

You just don't understand it.

Don't try to understand it.

You just don't.

I don't know how many times my wife has had people come up to her and say, oh, I had somebody go through that.

You'll be fine.

They were fine, you'll be fine.

That's I'm sorry, but that is not the best thing to say when you're in the middle of it.

Oh, you just got shot.

Hey, I know somebody that got shot and they turned out fine.

You'll be okay.

Don't worry about it.

You got shot.

Everybody gets shot.

Don't worry about it.

It's not something that you just kind of brush off.

But having been through that experience and having had the experiences that we've had through that, we can essentially cope.

Where we understand it now.

Our experience has brought understanding to us that you can't get any other way essentially.

I wasn't even planning on talking about our infertility battle.

That's interesting.

But it's the same with businesses, is same with everything that you go through in life.

If you don't experience something, you're not going to learn it.

I don't know how many times people buy a course or they buy a program and they're like, yeah, I bought it.

It's going to make me like wealthy and rich and I'm going to be able to do this or do that, or I'm going to be the best social media person ever.

The facebook ads person ever.

They'll go through the material and they're like, oh, it didn't really work for me.

Well, they didn't actually implement or try it or experience how it works.

If you don't do that, you won't actually learn it.

You have to be able to teach something in order to know it.

The teacher always learns more than the student because they have to understand it at a level that's different than just being taught that material.

So if you can turn around and teach the same materials that you're going through in your course to somebody else and have it be clear enough and understandable enough that they can understand it and use it and have results based on what you've taught them.

Then you're at a whole nother level of understanding.

You've gone through and begun to experience it.

Now if you've actually implemented it and experienced it and seen it and done it and had feedback from what you're doing, then you learn so many more things when you experience it.

I can think of even bad experiences when I've done business deals with people and they have completely not been ethical in their dealings essentially with me and I learned a ton from that.

I experienced that a couple times and I'm like, never again will I experience this because that was horrible.

Not that I won't ever experience it, but now I know what to look out for to not go through that experience again.

You learn stuff very quickly when you experience it.

I just wanted to go over how experience is so much more valuable than just learning something or going through a course and listening to it.

You need to experience it.

You have to go through it.

Hopefully my very short version of our IVF story helps you understand a little bit more about experiences, not just in your business world, but also in your personal life and then those that you interact with around you.

Thank you very much for being on here guys.

I look forward to talking to you again.

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