Navigating Risks and Focusing on Growth Strategies

#508 In today's episode we discuss what we refer to as the hour glass phenomenon. Every business owner goes through it. Big ideas, overwhelm, dead ends, walls and life altering break throughs. We also give an update on some big life plans, podcast growth plans and how to get traction in your business. Check it out!

(Original Air Date - 5/3/23)

What Justin and Tara discuss on today's episode:

+ Introduction to the Hourglass Phenomenon

+ The Excitement of Starting a Business

+ The Spaghetti Method: Finding Your Business Focus

+ The Journey of Entrepreneurship: Challenges and Surprises

+ Learning from Others: Strategies for Success

+ The Struggle for Traction: Millionaire University's Story

+ The Importance of Quitting and Refocusing

+ The Risk and Reward of Doubling Down

+ The Narrowing of Focus: Growing the Podcast

+ The Emotional Rollercoaster of Entrepreneurship

+ The Power of Business: Impacting Lives

+ The Importance of Traction in Business Growth

+ Contemplating a Risky Decision

+ The Big Leap: Selling Our Home and Traveling the World

+ Overcoming Personal Challenges for the Adventure

+ The Financial Strategy Behind the Decision

+ Facing New Problems and Embracing Change

+ The Plan: Minimalism and Exploration

+ The Business Side: Growing While Traveling

+ The Power of Podcasting and Sponsorships

+ The Hourglass Strategy: From Broad to Niche

+ The Power of Persistence and Learning from Failure

+ The Potential of Exponential Growth

+ The Importance of Starting Simple and Focusing

+ Understanding Your Resources and Strengths

+ The Importance of Pivoting and Letting Go

+ Conclusion: The Millionaire University Podcast

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