In this episode of The Jeff Bradbury Show Podcast, Jeff Bradbury interviews Paul Lemberg, a business coach and entrepreneur. They discuss Paul's journey from being a software programmer to a successful entrepreneur, his experiences starting and selling companies, his coaching and training programs, and his passion for arts and music. The interview covers various topics including challenges in entrepreneurship, lessons learned from failures, and tips for teachers interested in starting their own businesses.
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Conversation Takeaways:
Imposter syndrome is a common feeling when starting a new venture, but it can be overcome by focusing on your own accomplishments and seeking support from positive influences.
Beliefs are powerful tools for making change, both internally and in the world. By challenging and changing your beliefs, you can overcome fear and achieve your goals.
Learning from others who have already achieved what you want to do is invaluable. Look for examples where your beliefs are wrong and use them to change your mindset.
Starting a new venture can be scary and you may not know how to do everything, but remember that others have done it before you. Use their success as proof that it is possible.
Financial challenges are common in entrepreneurship, but they can be overcome with perseverance and creative problem-solving. Selling a struggling company can be a way to recover and move forward. Business coaching and instructional coaching share many similarities, including the need for structure and the importance of adapting to the needs and receptiveness of the individuals being coached.
Setting goals and creating games can be effective strategies for staying motivated and making progress on projects.
Work-life balance is best achieved by prioritizing and making conscious decisions about where to allocate time and attention.
Marketing and selling are essential for business growth, and it is important to overcome negative beliefs and self-talk about these activities.
Acknowledging and leveraging the expertise of both the coach and the individual being coached can lead to successful outcomes.
Chapters
00:00 Introduction and Background
13:57 Overcoming Imposter Syndrome and Building Belief
16:14 Learning from Others: The Power of Examples
26:10 Navigating Financial Challenges in Entrepreneurship
26:17 Parallels Between Business Coaching and Instructional Coaching
27:30 The Importance of Structure in Business and Education
30:20 Strategies for Achieving Work-Life Balance
40:04 The Role of Marketing and Selling in Business Growth
41:08 Setting Goals and Creating Games for Motivation
46:05 Overcoming Negative Self-Talk in Business and Life
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About our Guest: Paul Lemberg
Paul Lemberg has consulted with Fortune 100 companies like Cisco, Adobe, IBM, Goldman Sachs, JP Morgan/Chase, Mass Mutual, Accenture, and other giant organizations, but his real and true passion is helping small business owners and CEOs double and triple their profits, sometimes growing their companies more than 10-fold. Over the last few years, Paul’s one-on-one small-business clients, who range in size from brand-new startups to companies with around $20 million in sales, have profited by more than $550 million in bankable, put-in-your-pocket cash: the equivalent of billions in extra sales.
Paul has been an entrepreneur since he was 27. After a 3-year stint as a software programmer working in Corporate America, he launched his first company with a partner and just $3,000 of credit card debt, selling it three years later to a publicly traded software company for just under nine million dollars. Five years later, he sold his second company to a large German Bank. He has started several other businesses since, including a successful sales training company and a business coaching franchise… which failed spectacularly.
He has published three books, including the McGraw Hill business best-seller, Be Unreasonable, as well as Faster Than the Speed of Change and Earn Twice as Much with Half the Stress. He’s spoken on stage for Jay Abraham, Tony Robbins, T. Harv Eker, Marshall Sylver, Brian Tracy, CEOSpace, Digital Marketer, Roland Frasier, and many others. He’s been featured in the New York Times, The LA Times, the Wall Street Journal, CNN, CNBC, and Good Morning America, as well as hundreds of trade and special interest publications.
Paul’s newest coaching and training programs help entrepreneurs implement high-performance business and life strategies. Sales Voodü is an outbound call-based lead generation program to help companies set up and manage an outbound sales team. Formula 5/XL is a system guaranteed to help business owners 2x-10x their companies by making a series of easy, can’t-fail changes. The Turnkey Your Business program teaches a method to transform any company into a series of duplicatable systems. The Entrepreneur Alchemy Academy, is a cutting-edge group-coaching environment to supercharge everything—business, health, and life—combining proven business scaling strategies with non-traditional magical and spiritual practices.
Paul graduated with a BFA in Fine Arts and later from New York University’s Stern School with an MBA. He’s a member of Mensa, which he says he joined to compensate for not having studied at a prestigious school like Harvard.
Besides his work as a business coach, entrepreneur-educator, and rainmaker, he is an art-photographer, a blues/rock guitarist and bass player, and practices his own brand of Chaos Magic and Mysticism.
Links of Interest
Website: https://www.lemberg.com/
Twitter: https://x.com/paul_lemberg
Facebook: https://t.co/Y7CTvwp3Cg
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