Momentum for the Entrepreneurial Personality Type (EPT)

Latest Episodes:

614 - How Hard Should You Pivot? Apr 28, 2020

Show notes

One of the questions I'm getting most often today is "how do I know how much I should pivot?" This comes as no surprise because 100% of businesses are going to pivot in some way due to this crisis.

The key to surviving this crisis and thriving as a business is knowing how much you should pivot and why. There is a clear way to understand what your business needs to do and why do you need to make a minor, major, or absolute pivot.

I've helped hundreds of entrepreneurs and grow businesses through a crisis, knowing exactly how to set your company up for success is crucial.

Resources Mentioned:

https://clarityduringcrisis.com

613 - Why Entrepreneurs Are Made for Crisis Apr 24, 2020

Show notes

The world has been thrown sideways and we are all adjusting. We are dealing with a new reality that none of us expected. It can feel challenging and overwhelming for all of us.

But I want to remind entrepreneurs, this is what we are made for. We are different than the rest of the population. When there is a crisis, we are the ones who step forward, create solutions, and make things happen. We have to remember who we are in a crisis like this because the world needs us to create momentum and move everything forward. Here is the mindset that I believe every entrepreneur should remember and use throughout this crisis.

Resources Mentioned:

https://clarityduringcrisis.com

612 - This is Predictable Apr 23, 2020

Show notes

As an entrepreneur if you could tell the future, it would give you an unfair advantage over all of your competitors. By understanding what is going to happen next in this crisis, you can have that unfair advantage.

While this crisis has created a tremendous amount of ambiguity and anxiety, it is actually relatively predictable what is going to happen next. If we look at the research on viruses throughout history, not specifically the coronavirus, we already understand how viruses act.

If you are running a business in this crisis, it's important for you to know what reality is, so that you can make the best decisions for your family, yourself, and your business.

611 - What Happens Next Apr 17, 2020

Show notes

As an entrepreneur and if you could predict the future, you would. You would want to know what's going to happen, anticipate what's coming next before your competition, and be prepared for what happens. Right now we are in the unique position to do exactly that. When the world is in crisis, by understanding what is the clear most likely scenario, as an entrepreneur or you can gain a massive advantage.

It can be hard to cut through the noise, politics, arguments, opinions, and even conspiracy theories that can all add to the confusion. The good news is that viruses are normal, viruses a part of the human condition, and viruses are predictable. For entrepreneurs, this is what's most important. We need to know what's going to happen next so that we can anticipate and overcome the challenges this crisis is going to have for us.

Resources Mentioned:

https://ClarityDuringCrisis.com

610 - Vitamins vs. Painkillers in a Crisis Apr 16, 2020

Show notes

If you want to sell a product in a crisis, you have to make it a painkiller. Here's what I mean, in a normal market, people are willing to invest in improvement. They will buy things that make their lives better, like a vitamin.

In a crisis, people buy things to solve problems get out of pain. If you're not selling a painkiller in a crisis, it is going to be very difficult to be heard. When the world is noisy people don't think improvement, they want to make the noise go away. If you're having trouble selling in a crisis, ask yourself if you're selling a painkiller that solves someone's problem? If you can solve someone's problem better than anyone else can, you will exponentially grow a business in a crisis.

Resources Mentioned:

https://ClarityDuringCrisis.com

https://charfen.com/foundation

609 - Crisis Makes Startups Easier Apr 14, 2020

Show notes

It may be counterintuitive to start a business in the middle of the crisis, but it's something I've done for my entire career. Just this week, we created a massive pivot in our business, a new product, conducted a webinar, and sold our first 20 clients.

In a normal market, this would've been incredibly difficult, in a crisis it's expected. There are multiple reasons why it's so much easier to start a business in a crisis, and in this episode of the Momentum Podcast, I want to share them with you. Crisis creates massive opportunity, and if you can find it, you can make your greatest contribution.

Resources Mentioned:

charfen.com/foundation

608 - What You Haven't Lost Apr 08, 2020

Show notes

As entrepreneurs, we like to keep score. We like to know who's ahead, and we like the win. We are evolutionary hunters and we want to know if we are gaining on our prey. Understanding where we stand is important to us. One of the most important metrics we use is money.

The problem is that in a crisis like this, sometimes it's the only metric we look at. We look at what we're losing in terms of revenue. Property owners like me think about the equity that may be slipping away. We think constantly about all the plans we had for the money we are going to make with the business that we were running just before this crisis hit.

As entrepreneurs, we do what most people feel is impossible in order to make money. When we lose it, it's hard for us to think about anything else. I've coached entrepreneurs for years, and if you've lost money in this crisis, I have a perspective to share with you.

Resources Mentioned:

ClarityInCrisis.com

607 - This is Officially an Economic Crisis Apr 07, 2020

Show notes

Last week when jobless claims numbers came out, the secretary of US treasury Steve Mnuchin said that the numbers were not relevant because it was a stimulus package that was about to be released. If you follow me, you know I said not only were the numbers relevant, but this was a ridiculous statement. Last week's numbers were seven times the previous record. Since last week I've been waiting for the jobless claims number to come out this morning. When it did I was dizzy. The new jobless claims number is 6,648,000 people in a single week. This beats the previous record from 1980 to 695,000 by almost 10 times. As entrepreneurs, we need to understand that this is a long-term issue and a challenge we will be digging out of for years.

Resources Mentioned:

ClarityDuringCrisis.com

606 - Protect Your Future in this Crisis Apr 06, 2020

Show notes

This crisis is going to change everything. The reality that we knew just a few weeks ago is gone and we will be building a new normal for a long time. For entrepreneurs, this represents one of the biggest challenges any of us have ever been through, it also represents the biggest opportunity any of us have had. This is typically exactly the way the world works.

Here's what's important in this crisis, that you personally protect yourself from the chaos. That you remain calm and grounded and you're able to make decisions in a way that moves you forward. The world is going to panic, breakdown, have massive challenges, and more. We are going to see erratic behaviors, personal breakdowns, and challenges at the individual level like we've never seen before.

This event is traumatizing to everyone on the planet. We need to admit that it is, accept that we are in a traumatic situation, and then build the process, structure, and routine to help us get through this.

Resources Mentioned:

morning.charfen.com

getthirstynow.com

predictablebusinesssoltions.com

605 - Interview with Darian Khosravi Apr 03, 2020

Show notes

I have the distinct honor of working with some of the most talented, interesting, and game-changing entrepreneurs in the world today. From Face Yoga to my guest today, each and every business I work with has something unique to offer the market. Darian Khosravi, or Kosmo as we know him, is one of the entrepreneurs making a massive contribution and changing the world, through his barbecue sauce.

In this episode of the momentum podcast, I sit down with Darian and talk about how he is using his business to drive the positive change he wants to see in the world, and how he is continuing to grow his business even in this crisis. You will get an incredible amount of value out of this conversation.

Resources Mentioned:

PredictableBusinessSolutions.com

Our TOPPODCAST Picks

Follow Us

Stay Connected

Momentum for the Entrepreneurial Personality Type (EPT)

Related Podcasts

Links

Stay Connected