In this episode of the That Will Nevr Work Podcast with host Maurice Chism, guest Jeremy Shapiro emphasizes the crucial transition entrepreneurs must make from working in their business, where they focus on technical tasks, to working on their business, where they concentrate on strategic growth through marketing, sales, system implementation, and team building.
He outlines the journey from being an employee or solopreneur to becoming a true business owner, as inspired by Robert Kiyosaki’s Cashflow Quadrant, highlighting the necessity of shifting focus from day-to-day operations to creating a self-sustaining business that operates effectively even in the owner’s absence.
This involves embracing the mindset change required to take on the responsibilities of a business owner, including dealing with sales, ensuring profitability, and adapting business models for consistent cash flow.
Jeremy shares personal anecdotes and stories, like taking time off for family or dealing with unforeseen accidents, to underscore the importance of having reliable systems and a capable team in place. He stresses the need for implementing technology and systems, calculating an effective hourly rate, and bringing on team members who align with the company’s core values and mission to grow the business while maintaining personal freedom.
About That Will Nevr Work and Host Maurice Chism
“That Will Nevr Work” is a podcast hosted by Maurice Chism that focuses on the entrepreneurial journey, exploring the challenges, triumphs, and lessons learned by business owners and innovators. The title itself reflects a common sentiment that many entrepreneurs face when pursuing their ideas; they’re often met with skepticism or doubt from others. The podcast aims to challenge that narrative by highlighting stories of perseverance and success.
Maurice Chism, the host, brings a wealth of experience and insight to the show. He engages with a diverse range of guests, including entrepreneurs, industry experts, and thought leaders, who share their unique perspectives and experiences. The conversations often delve into the realities of starting and running a business, covering topics such as overcoming obstacles, the importance of mindset, and practical strategies for success.
Listeners can expect a blend of inspiration, practical advice, and candid discussions that resonate with anyone interested in entrepreneurship. Chism’s approach encourages listeners to embrace their ideas, learn from failures, and remain resilient in the face of challenges. The podcast serves as a valuable resource for aspiring entrepreneurs, providing both motivation and actionable insights to help them navigate their own paths.