Nicholas Schwarz became an entrepreneur because he was lacking the Four Freedoms of Time, Money, Relationship, and Purpose. Now, Nicholas runs a company where he helps his clients expand those Four Freedoms for themselves. In this episode, Nicholas shares how he’s gone from working in a job he didn’t like to becoming a happy entrepreneur.

Here’s some of what you’ll learn in this episode:

• All the factors that made it difficult for Nicholas to be an employee of another company.
• Why becoming self-employed was unthinkable in his line of business.
• How Nicholas’s “wonderful journey” in The Strategic Coach® Program began.
• What Nicholas defines as “relaxed entrepreneurship.”
• Why, nowadays, Nicholas delegates as much as possible.
• How Nicholas’s company helps when it comes to transgenerational wealth.

Show Notes:

Entrepreneurs become entrepreneurs for the sake of freedom.

The real freedom that allows all the other freedoms to happen is being able to control your time.

Strategic Coach® members have the ability to actually arrange their life the way they want it.

The Freedom of Money isn’t the most important freedom.

Risk is always perceived as something negative, while uncertainty gives the possibility of something positive happening.

Sometimes, we stumble on rocks we put down ourselves.

Entrepreneurs who use Strategic Coach tools carve out a lot of time for themselves.

The Strategic Coach community is very helpful both as a sounding board and as an emotional support group.

Being your own boss has pros and cons, but the flexibility is worth it.

What you do as an entrepreneur is sometimes very lonely.

Talking about your entrepreneurial successes and challenges resonates more with someone who’s also gone through the whole process.

Resources:

Article: “The 4 Freedoms That Motivate Successful Entrepreneurs”

Unique Ability®

Who Not How by Dan Sullivan with Dr. Benjamin Hardy

Article: “What Free Days are, And How To Know When You Need Them”

The Cecily Group

Joe Stolte is an entrepreneur working at the crosshairs of marketing and artificial intelligence. His company, Daily.ai, uses machine learning to help thought leaders and small brands build AI-automated email newsletters. In this episode, he explains how his company supports clients in achieving business success and talks about the business lessons learned from his company’s early days.

Here's some of what you'll learn in this episode:

1. The entrepreneur ideas and entrepreneur motivation Joe showed at a very young age.
2. How Joe’s company finds the best content in the world on any topic clients choose.
3. What it means to have short-term pessimism and long-term optimism.
4. How the AI becomes smarter, making the newsletters better.
5. The change in mentality that’s given Daily.ai an edge.

Show Notes:

When it seems everything out there is negative, what grabs your attention is the stuff that’s positive.

It’s a win-win to partner with people who already have a marketplace of your potential clients.

An entrepreneur doesn’t have to be the one with the idea.

If you focus only on customers that are a good fit for your company, they’ll refer you to other people.

ChatGPT has given people a taste of the exponential power behind machine learning and AI.

If you get your clients their desired outcomes, the outputs don’t really matter.

During tough times, you have to manage your expectations.

You know you always need to get better, even during good times.

Ads almost always get less than 50% conversion.

Anything in excess becomes its opposite.

Links:

The Spark newsletter

Who Not How by Dan Sullivan and Ben Hardy

The Impact Filter™ tool

Lisa Larter has a strategic marketing firm, providing consulting services around strategy and business advisement. Like many entrepreneurs, Lisa started off thinking she had to do everything herself. In this episode, she shares the wisdom she’s gained from using her growth mindset to gain continual business success.

Here’s some of what you’ll learn in this episode:

• The role of an entrepreneur in their business.
• The way in which Lisa’s background in retail helped her with marketing.
• The importance for entrepreneurs of understanding cash flow.
• How to make sure you’re prepared to pay taxes.
• What let Lisa know that her business idea “had legs.”
• The wisdom Lisa would impart to her past self.
• The variety of benefits Lisa has gotten as a member of the Strategic Coach® entrepreneurial community.

Show Notes:

The entrepreneur’s main capability is vision.

There are many talented people who don’t have a purpose or a vision for using their talents.

A lot of people understand sales and profit, but they don't understand cash flow and the timing and movement of money.

Meet as many of the right people as you can that you want to do business with.

People should aim to have a baseline—a certain amount of cash they want to carry in their business—and do whatever they can to avoid going below that number.

Entrepreneurs want freedom in their lives. And money buys you freedom.

Every entrepreneur needs some type of mentor, coach, or advisor that they can talk to when they have difficult things going on.

You will cap your potential if you don't learn how to lead and build a team.

If you’re entrepreneurial and you have a dream, it doesn't matter what your background or education is.

Resources:

Who Not How

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz

The Self-Managing Company by Dan Sullivan