In this episode, we talk about the importance of being patient in business. As entrepreneurs, it is easy to fall into the comparison trap and want to move as quickly as possible. Eric talks about the similarities between compound interest and business success and why a slow and steady approach is the best-kept secret out there. 

TIME-STAMPED SHOW NOTES:

• [00:21] Before we jump into today’s interview, please rate, review, and subscribe to the Leveling Up Podcast!
• [00:29] The comparison trap that many entrepreneurs tend to fall into.
• [01:27] Avoid comparing yourself with someone who has been in business for longer than you. 
• [01:40] The magic number of years it takes to really see success and gain traction.
• [03:08] Experience compounds in the same way interest does, so be patient!
• [03:53] What Eric has learned from trying to achieve things too quickly.
• [04:59] There is no such thing as quick success, despite how it may appear. 
• [05:39] Pre-order Eric’s book from your favorite bookseller.

 

Resources From The Interview:

 

 

• Albert Einstein

• Warren Buffett

• Chai with Pabrai

 

 

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Connect with Eric Siu: 

 

 

• Growth Everywhere

• Single Grain

• Eric Siu on Twitter