Carol Roth, Business Strategist and Bestselling Author
Carol Roth talks with Bill Ringle about tough love for entrepreneurs.
>>> Visit MyQuestforTheBest.com for complete show notes and more expert advice and inspiring stories to propel your small business growth. My Quest for the Best is a top-rated small business podcast with over 300 episodes of thought-provoking and insightful interviews with today’s top thought leaders and business experts. Host Bill Ringle’s mission with this show is to provide the strategies, insights, and resources that will unlock the growth potential of your business through these powerful conversations.
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Interview Isights
Listen to this interview to learn:
The importance of re-evaluating business models from a non-emotional basisHow to think about what "good risk" meansA secret to successful business planning that separates thriving businesses from business casualtiesHow the Rule of 3x lets you budget resources, and more importantly, manage expectations betterWhy scalability is so important to think about as an end goal
Read the Show Notes from this Episode
1:48 Roth’s first entrepreneurial experiences as 8-year-old selling toys to her younger sister.3:20 [On problem-solving for business leaders] - “I look at other people and I ask them what their problem is, or I spend time with them to try to uncover their problem and try to solve this problem for them.”4:55 “I tend to favor frameworks because I believe that everyone has their own definition of success, not to mention their own circumstances, goals, and objectives.”5:16 Roth tells about some difficult experiences that occurred in her young adult life.6:49 “Through all these times when I felt I wasn’t going to make it, I was not going to be able to go on another day, I kept persisting. I kept keeping my eye on the goal, on what was going to make me strong, and what was going to help me give back to the world.”8:01 [On the inspiration for writing the book] “I wanted to give people a realistic, decision-making framework, again, very particular to their own situation. I didn’t want to say, ‘This is the way to do it.’8:17 “My definition of success, and what I’m able to bring to the table in terms of resources and experiences, is very different from what other people bring to the table and what they’re looking to accomplish.”9:27 [Why people appreciate The Entrepreneur Equation] “It’s just having that structure, that non-emotional, non-biased ‘What am I trying to do and how am I going to get there focus’ that has been very valuable for people.9:33 [Roth’s definition of success] - “Getting through a day wit...