034 - The Evolution of a Business Owner

Deep Dive

Dec 22

When you’re in the process of evolving as a business owner, it can sometimes seem like the light at the end of the tunnel isn’t that bright. BUT, when you understand the full path that you’re taking, that light gets much brighter.

In this episode, we’re talking about the stages a business owner goes through, from employee to entrepreneur, to help you push through your current stage and continue your evolution.

Show Notes

Story of the Show — The “Do Everything” pool business owner. (2:10)

The Change Formula — Dissatisfaction x Vision must be > Resistance or you won’t change. (7:18)
What is the evolution of a business owner, and why is it important? (8:00)
How long does the evolution take? (12:55)
How do you move from one stage to the next? (16:02)
Employee Stage (16:41)
Self-Employed Stage (27:02)
Manager Stage (35:24)
Owner Stage (44:49)
Investor Stage (49:53)
Entrepreneur Stage (54:18)
Mount Rushmore — Best Business Owner Evolution (56:00)
Quote of the Day — “Because what you give your attention to is the person you become.” - John Mark Comer (1:04:16)
One Thing You Can Actually Go Do — Write out your evolution as a business owner. Where are you now, and where have you been? What barriers did you break down? What milestones have you achieved? What one thing could you do right now to free up your time so you can evolve to the next stage? (1:04:38)
Closing the story — Where did the pool business end up? (1:06:52)

Quotable Moments

“If you’re living Groundhog Day every day, and you’re just handling problems, you get desperate. There has to be a reason, a purpose, and a vision.” — M
“We go through this ambition to do bigger and better. If you can just take a step back and reflect on where you’ve been as a business owner, as a contractor, you’ll be surprised at everything you’ve gone through.” — K
“If you’re trying to speed this up too fast, you’re going to make mistakes that will make it crumble.” — K
“Leverage means you accomplish more and more with less and less of your work effort.” — M
“It’s so important to pay attention to the evolution of a business owner so that you will become who you want to become.” — K

034 - The Evolution of a Business Owner

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